Interest-rate cuts of Central banks did not support Asian markets on Friday. The MSCI Asia Pacific Index fell 0.36 percent. Japan's Nikkei 225 index dropped 0.9 percent to 9,020 and Hong Kong Hang Seng slipped 0.04%.
ICE September arabica coffee futures prices settled down 2.2 percent at $1.7645 a lb.
Hong Kong customs seizes biggest-ever cocaine - 649 kilograms and worth $98 million- shipped from south America. John Lee, Customers Drug Investigation Bureau head, announced it and he believed the cocaine was to be sent to countries in south-east Asia. Hong Kong is crossroad of everything.
2012/07/07
2012/07/06
Follow the money
The Nikkei 225 closed at 9,079 on Thursday. The trading volume is lower than usual and investors waited for European Central Bank meeting. In light trade, the Nikkei dropped 0.2 percent. Nikon, a optical instruments maker, rose 1.4 percent to 2,539 yen, reaching a four-year high.
The Hang Seng closed up 0.5 percent at 19809.
September arabica futures inched down 0.10 cent to finish at $1.8035 per lb.
Australia's Treasurer Wayne Swan will visit Hong Kong to co-host a forum on the matter of liberalising yuan. Australia is seeking more deepen and broaden trading with China. The shift reflects the two growing countries' trade surge and economic centre is moving east.
The Hang Seng closed up 0.5 percent at 19809.
September arabica futures inched down 0.10 cent to finish at $1.8035 per lb.
Australia's Treasurer Wayne Swan will visit Hong Kong to co-host a forum on the matter of liberalising yuan. Australia is seeking more deepen and broaden trading with China. The shift reflects the two growing countries' trade surge and economic centre is moving east.
2012/07/05
Follow the money
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.
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.
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