123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

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

Tcl Associates Report Asian Markets Decline On Syria Concerns

By Expert Author: TCL Associates

Despite being given a positive lead in by Wall Street the Asian Markets broadly declined after the potential of a US strike on Syria returned to the forefront. Speaker of the House of Representatives, John Boehner stated that he supports President Obama demand for intervention in Syria. The Heads of the Senate Foreign Relations committee has also authorized a limited military strike against the country. It is expected to be voted on by the full Senate next week.

The Chinese markets retreated after positive PMI data from Europe and China boosted the Hang Seng more than 4% on Monday and Tuesday. On Wednesday in Hong Kong, the Hang Seng declined 0.3%, but the Shanghai Composite on the mainland managed to climb 0.2%. China Construction Bank fell 1.4% after Bank of America sold its stake in the lender for $1.5 billion.

In Tokyo, The Nikkei Stock Average gained 0.5% as the yen continued to weaken. It is currently trading at 99.62 yen to the dollar from 99.57 yen to the dollar on Tuesday. The positive PMI data and weakened yen also helped to boost Japanese shipping companies. Kawasaki Kisen Kaisha jumped 3.1% and Mitsui OSK Lines gained 2.1%. Honda Motor Co. climbed 0.6% after reporting that it will raise its annual dividend as it expects a strong 12 months of earnings. Cannon Inc. rose 3.8% after the camera manufacturer stated that it will buy back 18 million of its own shares, it plans to spend $502 million on the buy back.

In Australia, the S&P/ASX 200 dropped 0.7% as banks and resource firms fell over concerns about Syria. Westpac Banking Corp. declined 1% and the Commonwealth Bank of Australia declined 0.4%.

Total Views: 65Word Count: 278See 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: