123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Harver Group Reports Chinese Stocks Rise On Government Report, While Other Regional Markets Fall

By Author: Harver Group
Total Articles: 26

Aug. 01, 2013 - CHUO-KU, Japan -- The Chinese market posted small gains after an announcement from the Communists Party´s politburo pledged to maintain the pace of economic growth for the third and fourth quarters despite what they referred to as, “extremely complicated domestic and international conditions.” The committee chaired by President Xi Jinping also said that, “macro policy should be stable, micro policy should be flexible, and social policy should support the bottom line.” Analysts at Harver Group noted that there was no mention of controlling home prices instead stating that it wants to promote stable growth in the sector. Our analysts interpret this to mean that the new government will not take steps to limit demand and tighten financing.

There were a number of notable movers in the Chinese property and construction sector. In the Chinese market, Poly Estate Group Co. climbed 3.2%, Glendale Corp. gained 3.7% and Anhui Conch Cement Co. took 1.5%. In Hong Kong, China Resources Land Ltd. Gained 3.4% and Guangzhou R&F Properties Co. spiked 6.7%.

Japan´s Nikkei Stock Average dropped 1.5%, erasing the gains from yesterday´s session. Concerns are rising in Japan over a possible sales tax increase and public fears of reopening nuclear-power plants. A number of power utilities slid; Chubu Electric Power Co. dropped 4.4% Tokyo Electric Power Company lost 5.7%,a and Kansai Electric Power Co. fell 5.1%.

Other regional markets were down as well; South Korea´s Kospi lost 0.2% and The Hang Sing in Hong Kong fell 0.3%. But Australia´s S&P/ASX 200 beat the trend and finished another session with a marginal gain of 0.1%. Yesterday the Governed of the Reserve Bank of Australia issued a statement saying that despite current levels of inflation, the bank is still considering further quantitative easing.

Total Views: 850Word Count: 291See All articles From Author

Business Articles

1. Tips On Finding The Right Garage Door
Author: Tony Randall

2. Is Your Loading Bay Design Ready For Unmatched Productivity?
Author: Asmita Lokhande

3. Things To Remember For You To Compare Cars
Author: Rahul Sharma

4. Bulk Sms Service Provider
Author: Ranjan

5. Assetz 63 Degree East
Author: DEEPTHI

6. Orchid Whitefield
Author: DEEPTHI

7. Product Information Management System Builds Income At Lower Costs
Author: skumagic

8. Net Promoter Score Is A Core Metric For Cem
Author: Andy Watson

9. Importance Of Feedback Loop For Generating Happy Customers
Author: Andy Watson

10. Customer Surveys Is A Technique To Calculate A Customer’s Feedback
Author: Andy Watson

11. How Can Customer Satisfaction Survey Benefit The Business?
Author: Andy Watson

12. Nps Score Is A Kpi For The Customer Loyalty
Author: Andy Watson

13. Few Reasons Why Iso 9001 Training Course Is Beneficial For Every Organization
Author: mavi certification

14. Auto Transformer - Advantages And Applications
Author: Trutech Products

15. Mahindra First Choice- The No.1 Pre-owned Car Company
Author: Rahul Sharma


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