Thursday, 7 July 2011
Tokyo Stock Exchange reached its highest level
Wall Street's stock performance is increased slightly, after a long weekend has provided some direction in the marke
Tokyo shares rose 1.10 per cent, or 110.02 points to 10,082.48, the highest recorded since March 11 and the first time it closed above 10,000 points since 2 May. Seoul closed 12:44 per cent, or 9:44 points higher at 2,171.19 and Sydney or 6.9 percent up 00:14 points to 4.605. However, Hong Kong fell 0.38 per cent while the Shanghai download 0:51 per cent. In New York, the Dow Jones, however, fell 00:10 percent after rising 5.4 percent for the five trading session before, the week's most strong for the next two years. Moody's has reduced its rating on Portugal of the four levels to Ba2 on Tuesday and warned it could be lower because the risk where it needs to rescue the second after receiving 78 billion euros (U.S. $ 112 billion) earlier this year. He said the move was also based on concerns increased if Lisbon does not meet the deficit reduction and debt stabilization targets as agreed with the European Union and the International Monetary Fund (IMF) for the first rescue plan. Tokyo Stock Exchange surged as investors buy shares below the value in the middle of follow-up confidence in the manufacturing activity earthquake before, and they are looking forward to the beginning of the earning season, analysts said. However, Shanghai stocks fell as fears the Chinese government will introduce monetary measures soon. In other markets, Taipei rose 12:46 per cent or 40.00 points to 8,824.44. Manufacturer smartphones, HTC gain 3.3 percent to Tw $ 1.095 and Taiwan Semiconductor Manufacturing Co. is closing low 12:55 per cent in Tw $ 72.8. Stock Manila fell 0.92 percent, or 40.86 points to 4,398.75. Jollibee Foods slipped 1:06 percent to 88.90 pesos But San Miguel Corp. 2.36 percent to 125.90 pesos. Wellington eased 12:37 per cent, or 12.76 points to 3,460.83. Fletcher Building fell 1.8 percent to NZ $ 8.41 and Telecom fell 0.6 percent to NZ $ 2.49, while Air New Zealand was flat at NZ $ 1.13.