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Monday, February 7, 2011

Asian Stock Markets remained Flexible - Tokyo shares gained Strongly while Yen weakened

Asian Stock Markets remained Flexible - Tokyo shares gained Strongly while Yen weakened : Asian stock markets remained mixed on Monday session, as Tokyo’s shares boosted from a weaker yen, while energy producers weighed Hong Kong and retailers in Sydney fell after weaker than expected retail sales.

The Nikkei 225 added +48.52 points or +0.46% to close at 10,592.04. The Hang Seng index gave up -355.37 points or -1.49% to close at 23,553.59 while the Straits Times also dropped -18.94 points or -0.59% to close at 3,192.18.

The Australia ASX added +5.50 points or +0.11% to 4,964.30 and Mumbai Sensex advanced +29.04 points or +0.16% to 18,037.19.

Japanese stock gains were helped as the yen weakened further versus the US dollar, with Nikon Corp. Olympus Corp. and Toyota Motor Corp. rising 2%, 1% and 0.9%, respectively.

Shares of Nippon Steel Corp. dropped 1.3% and Sumitomo Metal Industries lost 2.2% on profit taking after last week’s sharp gains on news the two planned a merger.

Suzuki Motor posted quadrupled profit for the third quarter on Firm Revenue generated across Asia and made 12.2billionn yen ($148m, £92m) far more than 3bn yen prior year.

Japan and Australia to dialogue on Monday on Japan’s first free-trade agreement protection concerns as last April opening of Japan’s farming sector dispute remained unresolved.

Japanese Yen dropped versus the US dollar during the last trading session and gave up versus all the major currencies except Swiss Franc.

Japanese Yen Exchange Rates :

1 Japanese Yen is equal to 0.0121 US Dollar, the Japanese Yen declined -0.085%.
1 Japanese Yen is equal to 0.0075 British Pound, the Japanese Yen declined -0.542%.
1 Japanese Yen is equal to 0.0089 Euro, the Japanese Yen declined -0.269%.
1 Japanese Yen is equal to 0.0116 Swiss Franc, the Japanese Yen advanced +0.156%.
1 Japanese Yen is equal to 0.0120 Australian dollars, the Japanese Yen declined -0.104%.
1 Japanese Yen is equal to 0.0120 Canadian dollars, the Japanese Yen declined -0.085%.
1 Japanese Yen is equal to 0.5526 Indian Rupee, the Japanese Yen declined -0.239%.

Light Sweet Crude at New York Mercantile for March 2011, delivery advanced 0.21% to $89.24 a barrel, reached the day high of $89.54 a barrel.

Brent Crude oil added 0.63% to $100.46 a barrel at New York Mercantile and reached the day high of $100.53 a barrel.

Energy producers dropped in Hong Kong as the US Government forced President Hosni Mubarak to resolve Egypt’s Turmiol without delay due to this oil prices fell.

Consumer products at New York Mercantile for March 2011, delivery for Cocoa added +0.25% to $3,259 per metric ton, Coffee advanced +0.42% to ¢250.35 per pound, Cotton grew 2.70% to ¢172.40 per pound while Sugar increased +2.21% to ¢33.36 per pound. For the latest updates PRESS CTR + D or visit Stock Market news Today

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