Thursday 5 March 2015

CAPITAL STROKE UPDATE: ASIAN MARKETS 5-March-2015




Capital Stroke : Asian Markets


Asian stocks were mostly lower early Thursday, following a weak lead from Wall Street, and as China

set its gross domestic product (GDP) growth target at 7 percent for 2015.

China’s Shanghai Composite index dropped 0.8 percent amid a broad-based slump.
In Hong Kong, the Hang Seng index sagged 0.6 percent to a three-week low. Focus was on Standard

Chartered, which announced a 37 percent slump in 2014′s net profit. Shares in Hong Kong rallied 2.6

percent following a surge in its London-listed stock on Wednesday.
Japan’s Nikkei 225 index recouped losses as the dollar-yen traded inched up slightly to 119.75. As a

result, blue-chip exporters turned broadly higher; Mitsubishi Electric, Canon and Sony gained between

0.2 to 1 percent, while Toyota Motor and Toshiba held on to modest losses of 0.6 and 0.3 percent.
South Korea’s Kospi index rebounded into positive territory as traders digested the latest news coming

out of China, which is South Korea’s biggest export market.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

0 comments:

Post a Comment