Asian Stocks Had Raised

Sunday, December 12, 2010

Japan’s Nikkei stock experienced the highest increase for 7 months because the weakening of yen against the dollar. This encourages exporters increase the company’s stock. The Nikkei rose 21.39 points (0.21%) to 10253.72 or the highest since May 18, 2010, as quoted from finance.yahoo.com, Thursday (9 / 12). Topics Index rose 0.4% to 890.79. Shares of Japan’s three major banks rallied as a positive indication in this sector. Japanese banks are more competitive than the European and U.S. banks. Investors are still concerned with the debt crisis of the European region.

Korean shares rise ahead of key futures contract expiration. LC Electronics shares rose 1.34% to be at the highest level in seven months at the level of 115,000.Samsung Electronics, which announced a 1.35% rise forecast rise exceptional performance in the fourth quarter of this year. Korpi Index rose 14.23 points (0.73%) to 1969.95.

Financial Services Commission (FSC), South Korea announced late November has been considering measures to regulate the financial derivatives and trading of products online.

While the Australian stock market rose 1% in morning session with a positive employment data. China stock market fell as investors worried about tightening monetary policy to control inflation after the data of November.

Index Shanghai Composite Index fell 16.5 points (0.58%) to 2831.9. China Vanke property stocks fell 1.3% and Poly Real Sestate Group fell 1.7%. But the steel sector rose due to expectations of network construction and railway stations will increase steel product. Rail network to encourage stock Boatau Mongolia Steel Union rose 4.2% and Manshan Steel rose 6.1%.