Strengthening the share price index on Wall Street early this morning apparently followed by a number of major exchanges in Asia. Index increase occurs due to the enthusiasm of investors in Asia on U.S. economic growth and the debt crisis resolution efforts in several European countries.
In exchange for Friday afternoon, Japan’s Nikkei 225 index climbed 132.61 points (1.2 percent) to 11057.40 and the Hang Seng index in Hong Kong rose 1.1 percent to 21013.28. So it is with South Korea’s Kospi index, rose 0.8 percent to 1741.56. Strengthening the stock price index also hit bourses in Australia, India and Singapore. In contrast, China’s stock index fell 1 percent.
Investors enthusiastically shares hear reports from the Department of Labor that the number of new applicants for unemployment benefits last week fell by 11,000 people to 448 000 applicants. This represents a decrease in two consecutive weeks and became an important indicator to predict whether the level of unemployment in the U.S. can now pressed.
Equity investor in Asia is always enthusiastic about the positive results of the latest developments with the U.S. economy, which is the largest economy in the world at the same time the main objective of export from this region.
At the same time investors are also reduced concerns over the debt crisis in some European countries. Section, the leaders in the continent’s blue last Thursday agreed to work together quickly to approve the disbursement of emergency loans to Greece, who lived several weeks longer have to pay maturing debt.
Besides Greece, Portugal and Spain now began to have problems with lots of debt for each and are consistent with the concerns of investors for months that the debt crisis in Greece can be contagious if not immediately rectified.
Long Xiaobo from Cypress House Asset Management in Hong Kong considered that the debt problem in Europe became the biggest risk at this time. However, he believed that rapid economic growth in Asia could become an attraction for investors to enliven the stock trading in this region in the coming months.
“I think the market in Asia likely to increase the performance for some time. Projection of the region’s economy still sound good and a lot of liquidity,” said Long.
In currency trading, the yen-dollar exchange rate down from 94.07 yen to 94.01 yen. The euro-dollar exchange rate also weakened from U.S. $ 1.3241 to U.S. $ 1.3266 per euro.