2012/07/03

Follow the money

On Monday, Japan's  Nikkei 225 Stock Average closed at 9,003, almost unchanged. Shares rose earlier after the central bank's quarterly Tankan, a measure of business confidence in Japan,exceeded expectations. China's purchasing managers' index fell from 50.4 to 50.2 last month, but higher than a predicted 49.8. TDK Corporation, a maker of electronic part that gets nearly 30 percent of its revenue from China, advanced 1.6%.

Hong Kong's Hang Seng Index was closed for a holiday on Monday.
On Saturday, there was a huge protest in central Hong Kong. Tens of thousands of people took to the street to speak up their demand. They are unhappy with record property prices, an widening wealth gap, Beijing controlled election, and political scandals. HK people is not closing the door. But they are moving forward for possibility.

ICE Arabica coffee ended at a six-week high on short-covering. It is up now.

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