On Wednesday Most Asia markets ended higher as US factory orders in May were stronger and there are hopes of further stimulus from global central banks. And trading and resource-related companies were the notable gainers because of rising commodity price.
The Nikkei rose 0.4% to 9104, its highest close since May 8. Trading firm such as Mitsubishi rose 2.9 percent and Mitsui & Co advanced about 2.3 percent. And Komatsu, a Japanese maker of construction equipment that gets nearly 20 percent of sales in the U.S., rose 2 percent.
Hong Kong Hang Seng closed at 19,709, down 25 points. Jiangxi Copper, a largest copper producer in China, rose about 1.5 percent and China Coal Energy jumped almost 5 percent.
ICE Arabica coffee futures soared to a six-week high.
2012/07/05
2012/07/04
Follow the money
Asian stock markets rose Tuesday amid expectations for the Federal Reserve to take further steps to help spur weak global growth.
The Nikkei 225 index rose 0.7% to 90,66 points, despite the worse ISM figure in the US.
The Hang Seng Index closed the day up 1.5% at 19735 points after markets in the city reopened form a holiday yesterday.
ICE Arabica coffee futures rebounded its highest since May 18. September arabica futures jumped 3.4 percent, to close at $1.8045 per lb.
The growing deceleration in manufacturing activity is grim. That is the reason for expectations that central banks will take actions to avoid a downward path. ISM figure from the US dropped to its lowest level sine July 2009. A similar measure of factory activity in EU also held steady at its lowest level since June 2009 and the jobless rate in the currency bloc rose to a record high in May.
But China's services sector expanded at its fastest pace in three months for June. Some commodities' price rebound along with the hope of central banks measures and the rebound in demand in China. Copper hit a six-week hike on Tuesday.
The Nikkei 225 index rose 0.7% to 90,66 points, despite the worse ISM figure in the US.
The Hang Seng Index closed the day up 1.5% at 19735 points after markets in the city reopened form a holiday yesterday.
ICE Arabica coffee futures rebounded its highest since May 18. September arabica futures jumped 3.4 percent, to close at $1.8045 per lb.
The growing deceleration in manufacturing activity is grim. That is the reason for expectations that central banks will take actions to avoid a downward path. ISM figure from the US dropped to its lowest level sine July 2009. A similar measure of factory activity in EU also held steady at its lowest level since June 2009 and the jobless rate in the currency bloc rose to a record high in May.
But China's services sector expanded at its fastest pace in three months for June. Some commodities' price rebound along with the hope of central banks measures and the rebound in demand in China. Copper hit a six-week hike on Tuesday.
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.
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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