Updated 2016-02-15 06:50. Published 2016-02-15 05:08
Cool currency movements and speculation that the recent stock market decline has been exaggerated pointed out that two explanations for that stock traders in Asia received crazies on the week’s first trading day.
Tokyo Stock Exchange’s Nikkei 225 index at 6:40 o’clock lifting unprecedented 6.9 percent. The broader Topixindex rise by more than 8 percent, the largest increase since 2008.
While other keep it up. In Seoul, the Kospi index rising 1.52 percent and Hong Kong rising Hang Seng Index by 3 percent. Meanwhile, the stock market in Mumbai, India, up 2 percent.
The Chinese stock markets was closed all last week because of the Chinese New Year celebrations. There is obviously some downs to catch up, at 6:40 pm time, the Shanghai Stock Exchange down 0.8 percent.
“Shares have been oversold again and it’s location for a upward recoil now seems to come. But concerns about the global growth remain, and it is premature to say that stock prices have bottomed out, said Shane Oliver, Chief Investment Officer at AMP Capital in Sydney.
The Chinese yuan rise sharply against the dollar, the biggest lift in ten years after China’s statistics agency reported a record trade surplus. Export figures were admittedly weak, but it was offset imports fell more than expected.
While falling , the yen and the price of gold, the classic safe bets in turbulent market times.
Oil prices rise slightly , continuing up after Friday’s lifting of over 10 percent.
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