Thursday, March 6, 2008

Asian Indexes finally raising again

nikkei index
Asian capital markets had grown for the first time from 6 days, reflected by strong presentation of mining companies and Japanese producers of electronic. The record prices of commodities and cheaper JEN, restricted the affraids of investors, that weak economy development will hurt the profits of companies. Japanese company Mitsubishi raised hardly on the stock exchange in Tokio, and the mining company BHP Billiton got more expensive on the Australian capital market because of the higher prices of petrol, gold and copper. The export oriented company Nintendo turned back the confidence in shares, after the cheaper JEN and increasing of expectings for better percent of profits.
"The shares were hardly underrated in the last week, so it was normal to see turning back of the investors' confidence to the market", commented Japanese analyzers in Bloomberg. "The prices of goods will continue to be a little bit more expensive, which will support some Asian companies", continued he.
The regional index MSCI added 1.6% and finished with value of 13.60 points. In the last week, the index lost 5.5%, which is making the whole lose from the begining of the year of about 10%. The Japanese index NIkkei growed with 1.9% tonight to 13 215.42 points, after the decreasing of the pric of JEN toward the USD.All other Asian indexes finishedon green with exception of New Zeland.

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