Economy

Ghost Dog

(16,881 posts)

8. Asian Stocks Join Global Rally On US Data

Wed Dec 21, 2011, 07:20 AM

Dec 2011

CANBERA (dpa-AFX) - Asian stocks rose sharply on Wednesday, as upbeat economic data from the U.S. and Europe and Chinese Premier Wen Jiabao's pledge to support exporters and small businesses eased global growth worries.

With a successful auction driving down Spanish government bond yields, investors eagerly awaited the results of ECB's new 3-year long-term refinancing operation to be unveiled later in the global day to see if banks in Europe are interested in buying domestic sovereign bonds...

... Tokyo stocks rose sharply as a successful Spanish debt auction coupled with encouraging economic data out of the developed economies spurred buying in export-related shares. The Nikkei average rose 1.5 percent, its sharpest percentage rise for the benchmark index since Dec. 7, while the broader Topix index added a percent...

... China's Shanghai Composite index reversed early gains to end 1.1 percent lower, extending declines for the third day, as concerns about an economic slowdown and a cash crunch overshadowed positive economic data from the United States and Germany. However, Hong Kong' s Hang Seng index rose 1.9 percent in thin trading, with resource stocks gaining ground on the back of higher commodity prices...

/... http://www.finanznachrichten.de/nachrichten-2011-12/22267997-asian-stocks-join-global-rally-on-us-data-020.htm

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STOCK MARKET WATCH, Wednesday, December 21, 2011. [View all] Hugin Dec 2011 OP

THERE You Are! Demeter Dec 2011 #1

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