Japanese shares gain on better Chinese manufacturing data

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Japanese shares rose on Monday amid improved manufacturing numbers in China and weak Yen. However, capital spending by Japan's businesses dipped more-than-expected in Q3, capping gains of Nikkei stock average.  Moreover, disappointing consumer spending reading in the US last week added pressure on Japanese equities. The Nikkei 225 Index climbed 0.13% to end the session at 9,458.18. Only four in ten sectors within the index climbed. Consumer services and financials gained the most. Tokyo Dome advanced 0.38%. Meanwhile, Mitsubishi UFJ Financial Group and Sumitomo Mitsui inched up 0.53% and 0.23% on news that the banks will focus on overseas lending due to falling capital needs in the country. Sending the stock index lower, telecommunications and utilities slumped 2.03% and 1.18%. KDDI and Nippon Telegraph & Telephone slid 0.33% and 1.09%, while Chubu Electric Power and Kansai Electric Power sagged 3.59% and 6.51%.


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Mon, 03 Dec 2012 18:22:30 GMT

China shares fell despite improving economy

Regardless of Chinese economy accelerating its pace of growth in November and the Chinese vice-premier's attempts to motivate investors, onshore Chinese equities dropped on Monday. The Hang Seng Index lost 1.19% to 21,767.85, after opening at 22,070.44 and rallying to its high of 22,162.47 earlier. All sectors within the index posted losses with Technology, Basic Materials and Oil and Gas

Mon, 03 Dec 2012 16:55:30 GMT

All markets appreciated amid concerns about global economic recovery

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