123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

Asian Markets Bouncing Back Across The Region

By Author: Woo Group
Total Articles: 24

Jul. 31, 2013 - HONG KONG -- Japan´s Nikkei Average is up 1.5%, breaking a four day losing streak that brought the average to a 30 day low. South Korea´s Kospi finished up almost 1% and the Shanghai Composite posted a minimal gain of 0.7% as did the Hang Seng in Hong Kong with a gain of 0.5%.

The S&P /ASX 200 in Australia were down in morning trading, but finished the day with a negligible gain. Their currency dropped against the dollar after a speech from the Governor of The Reserve Bank of Australia. The Governor touched on a wide range of topics including; low levels of business confidence and the problems associated with the conclusion of the mining boom. He also hinted that last week´s weak inflation report will lead to more interest rate cuts; which could happen as soon as next week at the central bank´s August meeting.

Indian Markets fell after a statement from the Reserve Bank of India said that it would leave its interest rate policy unchanged. They also said that they would reduce measures to support the Rupee once the foreign exchange markets become stable. India´s growth forecast was also downgraded from 5.7% to 5.5% for the year ending March 31st. Our analysts interpret this hold on policy rates to mean that the RBI is concerned about high levels of stress in the local foreign currency markets caused by the depreciation of the Rupee.

The weakening of the yen has led to some notable gains by exporters; Isuzu Motors Ltd rose 4.9%, Kobe Steal Ltd. climbed nearly 7%, while Sony Corp. gained 2.9% before the release of its earnings report on Thursday.

The Chinese property market is finally rebounding, driving the rest of the equity markets. Gemdale Corp. gain 3%, while Poly Real Estate Group Co. was up nearly 2%.

About The Company

The Woo Group is privately owned and funded by the Woo family here in Hong Kong; we have no shareholders or investors.

The Woo Group was established in 2002 by the founding fathers Jon and Jason Woo, of the Hong Kong Woo family, whose enormous wealth and expertise in the financial industry ensured immediate success, which The Woo Group continues to enjoy today.

In its infancy The Woo Group employed only 15 members of staff, a number that has now grown to over 800 making The Woo Group the largest, not to mention most prestigious equity research house in Hong Kong.

Total Views: 83Word Count: 407See All articles From Author

Investing / Finance Articles

1. Imputing The Services Of Individual Taxpayer Identification Number To Build Tax Solutions
Author: Robin Joe

2. Why A 5 Year Fixed Deposit Is The Ideal Choice For You?
Author: Mayur Sheitty

3. How Can Existing Home Loan Owners Reduce Their Current Interest Rate?
Author: Mayur Sheitty

4. Loans For People With Bad Credit – Speedy And Flexible Way For Borrowing
Author: Stephen King

5. Expand Your Business With A Sme Loan
Author: Mayur Sheitty

6. Self Employed Home Loan: Here Is What You Need To Do
Author: Mayur Sheitty

7. Same Day Cash Loans Bad Credit –best Way For Making Swift Funds
Author: Stephen King

8. Assets Audits Of The Asquith Group Asia, Tokyo Japan
Author: Ava Kraegen

9. Facts About Fixed And Variable Home Loans
Author: Kimberly Ash

10. Relation Between Different Commodities And Commodities Based Stock
Author: Mahendra Rajput

11. Investment Procedure Of The Asquith Group Asia, Tokyo Japan
Author: Ava Kraegen

12. Best Interest Rates At Home And Mortgage Loans
Author: Shreekant Rao

13. The Home Loan Transfer - An Effective Way To Reduce The Interest Burden
Author: Arwind Sharma

14. Scope Of Forex Market In India
Author: sharetipsinfo.info

15. Benefits Of Money 2 India Service For Nris
Author: Neha Sharma


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: