Sunday, June 24, 2012

Asian stocks market june 25 2012

Asian stocks market june 25 2012 : Asian stocks opened mixed on Monday ahead of a key European summit later in the week. Tokyo stocks opened higher with expectations of more European action to help solve the eurozone's relentless debt crisis.

In Japan, the Nikkei 225 index at the Tokyo Stock Exchange rose 39.48 points, or 0.45 per cent, to 8,837.83.

Meanwhile, Hong Kong stocks opened marginally weaker, despite strong leads from Wall Street on Friday, helped by a deal on a €130 billion ($A163.34 billion) stimulus plan for the eurozone.

The benchmark Hang Seng Index slipped 30.27 points, or 0.16 per cent, to 18,964.86 in the first few minutes of trade.

The yen has fallen in recent days with investors expecting policy measures at this week's European Union summit, said Hideyuki Ishiguro, supervisor at investment strategy at Okasan Securities.

Ahead of the EU summit in Brussels from Thursday, "there are certainly those who will avoid aggressive trading, but there are also expectations that some measures will be announced", he told Dow Jones Newswires.

The European Central Bank said last week it would widen the range of securities it would accept from eurozone banks in exchange for its loans with the aim of helping boost lending to companies and households.

US stocks rebounded Friday, helped by European leaders agreeing a €130 billion ($A163.34 billion) stimulus plan for the eurozone economy.

The Dow Jones Industrial Average gained 67.21 points, or 0.53 per cent, on Friday to end at 12,640.78.

The euro bought $1.2539 and ¥100.91 in early Asian trade, down from $1.2569 and ¥101.10 in New York late Friday. The dollar firmed to ¥80.55 from ¥80.43.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
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