123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Tcl Associates Asia Review - Japanese Market Finished Higher, While China Declined

By Author: TCL Associates
Total Articles: 13

Aug. 15, 2013 - CHUO-KU, Japan -- In Tokyo the Nikkei Stock Average gained 1.3% boosted by strong buying the afternoon, after faltering in morning trading. Matthew Stevens, an analyst at TCL Associates attributed the gains in Japan to rumours that Prime Minster Abe is considering lowering corporate tax rates to counter act the rise in sales tax.

South Korea’s Kospi rose 0.6% while, the Chinese Shanghai Composite fell 0.3%. Australia´s S&P/ASX 200 ended with a marginal loss. Trading in Hong Kong was suspended due to a typhoon which generated a force 8 warning from the Hong Kong Observatory.

The Commonwealth Bank of Australia declined 1.2%, even though the bank reported record profits for the year ending June 30th and increased dividend pay outs. TCL Associates's analysts believe investors were disappointed that the bank did not raise its dividends payments to the top end of its 70% to 80% range. Other Australian banks rose, National Australia Bank Ltd. gained 0.8% and Westpac Banking Corp. climbed 1.1%.

In Shanghai construction related stocks lost some of their recent gains. Anhui Conch Cement Co. dropped 1.7%, property developer Gemdale Corp. gave up 0.7% and Citic Securities Co. declined 0.9%. But auto-manufactures helped to boost the market, SAIC Motor Corp. climbed 2.9%.

In Tokyo, JFE Holdings climbed 3%, Kobe Steel Ltd. gained 3.7% and Mazda Motor Corp. took 2.1%. Wednesday´s Asian stock performance followed the strong finish on Tuesday on Wall Street, where the markets were boosted by Carl Ichan statements about Apple and his disclosure of a large stake in the company. American data was also released showing the retail sales in the country increased for a third straight month.

Total Views: 100Word Count: 275See All articles From Author

Investing / Finance Articles

1. Oxyloans - Quick Loans
Author: radhakrishna

2. 7 Reasons Why Your Personal Loan Was Denied
Author: Flexsalary

3. Future Trading In Stock Market
Author: Mahendra Rajput

4. Evolution Of Infrastructure Finance In India
Author: Raman Kumar

5. Right Steps For Trading In Indian Stock Market For Sure
Author: Shraddha

6. Guide To Getting A Fund With Bad Credit- What Options You Have?
Author: longtermpaydayloansontario

7. A Simple Mindset Could Dramatically Improve Your Trading Right Away
Author: Garry Singh

8. Know The Reasons Why You Need To Use A Sip Calculator To Make Better Investments
Author: Vivaan Ahuja

9. Staggering Graph Designs To Beat The Market
Author: Garry Singh

10. The World’s First Blockchain-assets Backed By Diamonds
Author: Al Kasir Portal

11. Enjoying Cash Loans Despite Bad Credit - No Checking Account Loans
Author: nocheckingaccountloans

12. Opportunities With Shares Online Trading
Author: Blusignal Systems

13. The Most Powerful Currency Of 2018? Here We Go Through The Analysis, Forecast, And Poll
Author: Garry Singh

14. Establish An Efficient Payroll Accounting With Quickbooks Technical Support
Author: Olivia Wales

15. A Leaking Faucet And Trading (artistic Thoughts On Trading)
Author: Garry Singh

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