123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Harver Group Reports Fear Of Us Strike Recedes; Asian Stocks Finish Up

By Author: Harver Group
Total Articles: 26

Asian markets were trading higher as fears of a US military attack on Syria are beginning to recede. The possibility of a diplomatic resolution of the situation has translated to substantial gains across the globe. President Obama said in speech on Tuesday, that he had asked Congress to postpone voting on a military strike until Secretary of State John Kerry meets with Russian officials.

As the tension in the Middle East eases it is reflected by a weaker yen, as investors find the currency a safe haven. The US dollar gained 0.8% against the Yen, trading at 100.27 yen to the dollar. Japan's Nikkei Stock Average finished the day up marginally, 0.1% after jumping 4% on Monday and Tuesday. The construction companies which gained on the back of Japan's Olympic bid erased their earlier gains. Kajima Corp lost 3.3% and Taisei Corp declined 4.6%. Harver Group analysts believe it is better to avoid the Japanese construction sector until contracts are secured.

China reported solid export growth in August, over the week and then on Tuesday reported an increase in industrial output. Harver Group analysts believe that these reports signal that the region's largest economy is beginning to recovery and that China is on pace to achieve its goal of 7.5% GDP growth. The Shanghai Composite gained 0.2% but the Hang Seng in Hong Kong declined 0.2%.

The Australian market has been boosted by the series of positive economic data from China, as it’s the primary consumer of Australia's natural resources. The S&P ASX 200 rose 0.6% approaching a five year high.

Companies which supply components to Apple have declined as Apple is down 5%. In Tokyo Murata Manufacturing Co. declined 3.3% and in Hong Kong AAC Technologies Holdings fell 4.2%

Total Views: 45Word Count: 300See All articles From Author

Business Articles

1. Why You Must Discover The Piano
Author: Shanna Cazneaux

2. An Affordable Virtual Office Service
Author: Unknown Member

3. How To Get Debt Consolidation Loans With Lowest Interest Rates
Author: Nicole jiang

4. Purchasing Guide For Recreations Headphones
Author: Natasha Grice

5. The Best Email Marketing Software For Small Business
Author: Ravi Shankar Upahdyay

6. Carpet Cleaners In Orange County
Author: Irvinecarpetcleaningmain

7. How Moneylender Services Can Help You Consolidate Your Loan Requirement
Author: Nicole jiang

8. Carpet Cleaning In California
Author: Greenfloorcare3

9. Crucial Industrial Lifting Accessories And Importance Of Their Inspection
Author: Asmita Lokhande

10. Easy Ways To Bring Down Your Heating & Cooling Costs
Author: Ron Neeley

11. Personalized Jute Bags Are A Must In 2017
Author: davudobuya55

12. Wedding Jute Bags - The Most Appealing Type Of Wedding Bags
Author: davudobuya55

13. Best Ticket Exchange Service
Author: ticketexchangesite

14. Jute Gift Bags - The Most Appealing And Eco-friendly Gift Bags
Author: davudobuya55

15. Fancy Jute Bags - How Fancy Can You Be?
Author: davudobuya55


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