Wednesday, September 5, 2012

Asian stock markets september 2012

Asian stock markets september 2012 : Asian stock markets drifted Thursday ahead of a European Central Bank meeting that analysts anticipate will announce a plan to support financially struggling European countries.

Japan's Nikkei 225 fell 0.1 percent to 8,667.70. Hong Kong's Hang Seng lost 0.2 percent to 19,110.22. But South Korea's Kospi gained 0.3 percent to 1,879.25, boosted by tech shares. Australia's S&P/ASX 200 rose 0.7 percent to 4,308.80.

ECB President Mario Draghi is expected to unveil a new bond-buying program intended to bring down the high borrowing costs of Spain and Italy. Without some way to reduce the interest rates on the bonds they sell, the two nations could be pushed into asking for a bailout, following a path taken by Greece, Ireland, Portugal and Cyprus. read analyts prediction ECB Meeting sept 6 2012 analys prediction
Benchmarks in Singapore and Taiwan fell while those in Indonesia, Thailand and mainland China rose.

South Korean technology giant Samsung Electronics rose 0.8 percent after saying sales of its Galaxy S3 smartphones topped the 20 million mark since its release in late May. LG Electronics added 1.7 percent.

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