Sunday, December 25, 2011

Asian Markets Open For Business

For workaholics worldwide,several Asian markets opened for business Monday morning with mixed results.The Japanese Nikkei rose 1.06;Shanghai was down 0.28;Korea's KOSPI dropped 0.53;and the Thailand SET edged 0.17 higher.Australia,Singapore and Hong Kong remained closed for Boxing Day,the day after Christmas.
Gold and silver were flat in early Asian trading.
In FX trading,the Korean won rose on optimism about the global economic recovery.
Rubber was at a two week high on the U.S. demand outlook.Shanghai copper dropped for the first time in a week and Chinese rubber is expected to grow more slowly on the Chinese demand outlook.Japan's Hitachi Construction Machinery predicted Chinese first half 2012 sales would be disappointing.
Chinese President Hu Jintao met Japan's Prime Minister Yoshihiko Noda in Beijing.

No comments: