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 : 61Word Count Appx. : 278See All articles From Author

Investing / Finance Articles

1. Direct Payday Loans –the Fastest & Easiest Way To Get A Loan
Author: stephenking

2. 12 Month Loans – Help You Finding Sufficient Cash Asap
Author: Justin Beber

3. Same Day Loans–prolific Way To Acquire Suitable Cash
Author: Justin Beber

4. Payday Loans No Debit Card –way To Find The Best Loan You Need
Author: Justin Beber

5. Payday Loans For People On Benefits – Fast Help For Uk Borrowers
Author: Justin Beber

6. Frank Owens Limited Advisory Services Tokyo Japan On Terms And Conditions Of Use
Author: Erina Akari

7. Role Of Trading Tips In Stock Market
Author: wasim rizwan

8. How To Become A Stockbroker
Author: wasim rizwan

9. How To Make Forex Give The Lifestyle You Want
Author: John Arnold

10. Careers Of Frank Owens Limited Advisory Services Tokyo Japan
Author: Erina Akari

11. How To Make A Successful Career In Finance?
Author: Oswin

12. Frank Owens Limited Advisory Services Tokyo Japan On Capital Raising Services
Author: Erina Akari

13. Tips To Remember When Buying Indian Master Franchisee
Author: International Franchise Law

14. Faqs About Lawsuit Loans
Author: John

15. A Brief Overview On Duties Of Credit Repair Specialists
Author: Adam Mhrez

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