Asia stock markets in a disorganized
June 18, 2010
The Nikkei 225 was again dropped below 10,000 points on Friday morning, after closing just above this threshold yesterday. The index fell back 0.2% to 9979 points. Also falling, the Chinese Shanghai Index was down 0.44% to 2730 points. However, Hong Kong, the Hang Seng gained 0.75% to 20,290 points.The S & P / ASX Sydney takes 0.45% to 4547 points and the Indian BSE allows itself 0.3% to 17,667 points.
In Japan, the government adopted Friday a "new growth strategy" for an increase of 2% of GDP per annum by 2020 and creating five million jobs, giving priority to the environment, tourism and health.
Prime Minister Naoto Kan center-left and wants to build "a strong economy, public finances and a robust social security system solid" slogan since he took office earlier this month.
In China, Zhang Tao, head of international department of the Central Bank reiterated Friday that the issue of exchange rate of its currency only concerned herself and was not prominent in the discussions at the next summit of the G20 Toronto.The U.S. in particular believe that China practices a competitive devaluation yuan undervalued by 30% by consensus.
Oil without trend
Similarly it is difficult to detect a trend in equity markets, crude prices were mixed this morning as investors react to disappointing economic indicators in the United States. A barrel of light sweet crude for July delivery document 76.62 dollars.
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