123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Cvs Group Confident On Asia As Boj Declares Economic Recovery, Australia Boosted By China

By Author: CVS Group
Total Articles: 7

Despite a statement released from the Bank of Japan saying the nation's economy is “recovering moderately,” the Nikkei Stock Average fell 1.6% after a 4% drop in the previous day’s trading session. Analysts at CVS Group attribute the loss to a stronger yen. As the yen's value increases it hurts Japanese companies that depend on income from overseas. The real estate company Mitsui Fudosan gained 1.5% after reporting a 8.3% rise in first quarter profits from a solid performance in their condominium sales and office leasing businesses. Kubota Corp. a machinery manufacturer rose 1.6% after they reported a 50% gain in profit from a weaker yen earlier in the year.

The Australian S&P/ASX 200 climbed 1.1%, which CVS Group analysts attribute to a stabilizing in China´s imports after a downturn. China is Australia's biggest trading partner. Exports from Australia rose 5.1% beating expectations of 2.8%. Imports were also up 10.9% shattering the expected 1.3% increase. Mining companies were among the nation's best performers with Rio Tinto Ltd. up 1.5% and BHP Billiton Ltd. gaining 1.2%.

In China the Shanghai Composite fell marginally losing 0.1% to close the day at 2044.9 and in Hong Kong the Hang Seng Index gained 0.3%. Resource firms performed well in Hong Kong, with China Resources Enterprise Ltd. up 3.5%, Petro China Co. Ltd. gained 2.59% and China Resources Land Ltd rose 2.56%.

In Taiwan the Taiex lost 0.2%. PC manufacturer Acer Inc. dropped 4% after posting a net loss in the second quarter, due to lower sales and larger marketing and chip costs.

Total Views: 87Word Count: 258See All articles From Author

Business Articles

1. Cat 5e Vs Cat 6a: Understanding The Major Differences
Author: Jenifer Truong

2. Domestic Mini Skip Rental
Author: grinnersskipsseo

3. Hon Your Creativity Using Scrapbooking Ribbons
Author: ribbonsforsale

4. Increase The Work Productivity By Opting For Best Quality Drying System Parts
Author: Unknown Member

5. House Windows Okc – Replace It By A Professional As A Responsible Homeowner
Author: Fred Lydick

6. Outdoor Chairs: Add Charm To Your Outdoors
Author: Arnold Green

7. Real Estate Developers & Builders
Author: ccsheffield2016

8. Efficient Way To Execute Marketing Campaigns With Health Care Email Lists
Author: deena jose

9. Healthcare Email List - Fill The Gap Between You And Your Customers
Author: deena jose

10. Analysis-examine Your Results For Better Benefit In The Finance Industry, Using Financial Services
Author: deena jose

11. 60 Minutes-take Some Additional Minutes To Plan Your Business, Using Financial Services Mailing List
Author: deena jose

12. How To Render High Productivity Of Marketing Campaigns Using Os Email List
Author: Ray Wilson

13. How To Get The Maximum Number Of Sales And Roi Using Erp Users Email Lists
Author: Ray Wilson

14. Keep A Track Of Your Resources – Erp Users Email Lists
Author: deena jose

15. How To Enlarge Customer Base By Using Technology Users Lists
Author: Ray Wilson

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