31 August, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile






mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato

e-mail this to a friend printable version


» 06/11/2012
ASIA - EU
Asian stock markets recover after aid to Spanish banks
Hong Kong Stock Exchange opens up 2.35. Shares of companies that export to Europe also increase. Positive market data of Chinese trade: in May exports grew by 15.3; imports by 12.7 in a year. Price of oil and copper up due to increase in Chinese imports.

Hong Kong (AsiaNews) - The stock exchanges in Asia are swiftly recovering after Spain received a loan of 100 billion to save its banks. The Hong Kong stock exchange opened this morning with a + 2.35, while the MSCI Asia Pacific Index rose 1, 8.

The Eurogroup's decision to provide 100 billion - more than is strictly necessary to remedy the Spanish banks, burdened with bad debt - have injected confidence into world markets because it shows Europe's desire deal with the crisis.

The euro has also strengthened to 1.26 against the dollar and other Asian currencies, the lowest since May 23 last year. Over the past six months, the European currency had lost 3.5%.

The hopes of Europe are also reflected on companies that export to Europe. Japan's Canon, which depends on the old continent for at least one third of its sales, has now seen its shares rise by 2.2%.

Added to the growing optimism is recent data of a growth in Chinese trade. In May, it rose by 15.3%, more than expected. Imports also rose by 12.7%, almost double than expected, running around on the 5.5. But many economists argue that this recovery is not consistent, since there are other indications to the contrary, like industrial production and retail sales.

Oil prices for July were up 3% in New York. Analysts correlate this increase with the publication of data from China, which in May increased imports of crude oil. The same is true of copper, increased by 2.5%, after imports of the metal in China alone grew by 12%.


e-mail this to a friend printable version

See also
06/12/2012 ASIA - EU
Asian markets drop after euphoria over Spain cools and fears for Italy and Greece emerge
08/01/2011 ASIA
Asian stock markets gain after United States default deal
08/08/2011 ASIA
Asia stock markets plummet amid fears of new global crisis
07/29/2011 ASIA
Asian markets plummet after Republican say no to Boehner plan
07/12/2011 ASIA
Asian stocks plummet over Eurozone debt and US “default” fear

Editor's choices
INDIA
Card. Toppo: Learning to take care of the earth and its inhabitants from India’s tribals
by Nirmala CarvalhoThe Archbishop of Ranchi, speaks to AsiaNews ahead of the World Day of Prayer for the care of creation (1 September). The nation is home to "more than one million tribal Catholic, and in our culture we respect nature and will celebrate its gifts." Today "to be true witnesses of Christ, we must respond to the ecological crisis through a deep spiritual conversion."
VATICAN - IRAQ
Fr. Samir of Amadiya: The Pope is the voice of Iraqi refugees
by Bernardo CervelleraThe Chaldean priest met Pope Francis, asking him to keep the world’s focus on Christian refugees from Mosul and the Nineveh Plain. His diocese is home to 3500 Christian families and almost half a million Yazidis who fled Islamic State violence. ISIS is not all Islam and there are Muslims who want an Iraq of coexistence. Christians might not emigrate, but remain in their own land. Aid projects for refugees: school for children, work for adults, a home for every family. An appeal to AsiaNews.
LEBANON
Muslims defend Christians’ freedom in Beirut DeclarationFreedom of religion, education and opinion are defended by quoting the Qur’ān, which is the basis for the rule of law, not a religious state. Lebanese Sunnis slam violence committed in the name of God. The full declaration is reprinted here.

Dossier

Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.