123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Tcl Associates Asia Roundup - Japan Reaches Two Month High

By Author: TCL Associates
Total Articles: 13

In Japan, the Nikkei Stock Average rose 1.4% to close at 14505.36, a two month high. Analysts at TCL Associates believe that the Japanese market has accepted that the US Federal Reserve will begin its tapering process, albeit small. They think that investors there are reacting to a strengthening dollar and strong US markets. Shares of Kawasaki Heavy Industries soared 4.7% on the back of news that the Long Island Rail Road in New York will purchase 676 cars, a deal valued at $1.8 billion. Sharp Corp. also jumped 1.6% on corporate news. They reported that their operating profit from April to September will be double the previous forecast. Analysts at TCL Associates believe that Sharp has more upside potential.

In China, the Shanghai Composite closed 0.3% higher, while South Korea's Kospi fell 0.4%. Both markets will be closed on Thursday and Friday for public holidays. In Hong Kong the Hang Seng Index dropped 0.3%. Housing prices in China rose in August, which has spurred fears that the authorities could attempt to control property prices. These fears weighed on Chinese real estate developers. China Overseas Land & Investment declined 2.4% and Evergrande Real Estate Group dropped 1.5%.

In Sydney, the ASX/S&P 200 Index closed the day down 0.3%. As the price of gold declined on the prospect of the Fed's stimulus package being tapered so did producers of the precious metal. Silver Lake Resources fell 4.3% and Paladin Energy Ltd. lost 6.4%. Gold is down 0.3% to $1,306.20 an ounce. If the price of gold continues to decline, analysts at TCL Associates believe that $1,200 an ounce is a good entry point for clients looking for a safe haven for their assets.

Total Views: 121Word Count: 292See All articles From Author

Investing / Finance Articles

1. Guide To Getting A Fund With Bad Credit- What Options You Have?
Author: longtermpaydayloansontario

2. A Simple Mindset Could Dramatically Improve Your Trading Right Away
Author: Garry Singh

3. Know The Reasons Why You Need To Use A Sip Calculator To Make Better Investments
Author: Vivaan Ahuja

4. Staggering Graph Designs To Beat The Market
Author: Garry Singh

5. The World’s First Blockchain-assets Backed By Diamonds
Author: Al Kasir Portal

6. Enjoying Cash Loans Despite Bad Credit - No Checking Account Loans
Author: nocheckingaccountloans

7. Opportunities With Shares Online Trading
Author: Blusignal Systems

8. The Most Powerful Currency Of 2018? Here We Go Through The Analysis, Forecast, And Poll
Author: Garry Singh

9. Establish An Efficient Payroll Accounting With Quickbooks Technical Support
Author: Olivia Wales

10. A Leaking Faucet And Trading (artistic Thoughts On Trading)
Author: Garry Singh

11. Asset Reconstruction - The Ideal Way To Curb Npas
Author: Chetan Rathod

12. Physician Loans Nashville
Author: nick clark

13. 3 Best Steps To Entering Forex Trade
Author: Adam Bert

14. The 5 Factors You Need To Consider When Selecting A Mutual Fund
Author: Vivaan Ahuja

15. Infinite Potentiality In Trading – A Short Exposition
Author: Garry Singh

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