23 August, 2014 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
IRAQ-ITALY
"Adopt a Christian from Mosul," the thanks of the Patriarch Louis Sako; the concerns of the Bishop of Kurdistan
by Bernardo CervelleraThe head of the Chaldean Church is grateful for the AsiaNews campaign and hopes that "this chain of solidarity will reach far and wide”. Helping refugees to remain in Iraq. But many want to flee abroad. The bishop of Amadiyah where thousands of displaced people have found haven in churches and homes: We also help the Arabs (Muslims), and Yazidis, for free and without looking at our confessional differences.
ITALY - IRAQ
"Adopt a Christian from Mosul" to respond directly to Iraq's emergencyAsiaNews is launching a fundraiser to support Christians targeted by the Islamic State, thus responding to a request by the Patriarch of Baghdad and Pope Francis's urgent appeal "to guarantee all necessary assistance - especially the most urgently needed aid - to the great multitude of people who have been driven from their homes, whose fate depends entirely on the solidarity of others." More than 100,000 people have been forced to flee their homes leaving everything behind and now have nothing to live on. To help them, five euros a day are enough. The funds raised will be sent to the Patriarchate of Baghdad, which will distribute them according to the needs of each family.
CHINA - VATICAN
Wenzhou bishop and priests slam government's campaign against crosses and churches in Zhejiang
by Eugenia ZhangFor Mgr Vincent Zhu Weifang, from the official Church, the campaign of destruction is increasing social instability. It is real persecution against the Christian faith. The bishop apologises for failing to intervene sooner. He was hoping that the campaign would end quickly. Catholics and Protestants suffer injuries as they attempt to defend their sacred buildings. For priests in Wenzhou, the campaign is unfair and touches buildings that have all the right papers. Such "stupid acts" by the government are undermining social harmony.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
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.