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: 76Word Count: 275See All articles From Author

Investing / Finance Articles

1. How To Choose The Right Tax Accountant?
Author: John Panayis

2. Invest With Future And Option Trading
Author: Sanjay Singh

3. Energy Companies Are Exploiting Loyal Customers, Says The Government Authorities
Author: Brijesh B.

4. Selecting The Right Banker To Buy Your Dream Home
Author: LoanCounsellor

5. Retirement Planning Services In Richmond
Author: Danny McCarty is the author of this article

6. Leading Agency Dealing In Exclusive Well Planned Loans For Individual Purchases
Author: Daniel Contreras

7. Co-operative Societies Enhance Economy Of The Country
Author: adarshcredit

8. Force Index Indicator | Sgt Markets
Author: Sharif Mohammad Ashik

9. When Malware Is A Threat To Your Mobile Banking
Author: Neha Sharma

10. When Should You Use Traveller’s Cheques When Travelling Abroad?
Author: Neha Sharma

11. What Is The Difference Between The Nro And Nre Fixed Deposits?
Author: Neha Sharma

12. What Are The Benefits Of Using The Remit 2 India Service To Transfer Funds?
Author: Neha Sharma

13. 4 Mistakes You Need To Avoid When Making A Telegraphic Transfer
Author: Neha Sharma

14. Tips To Remember When Participating In Investment Banking
Author: Neha Sharma

15. Private Banking Versus Wealth Management: All You Need To Know
Author: Neha Sharma

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