Coal prices in China drop to lowest since October 2009

Note: This section contains information in English only.
Source: Bloomberg
Chinese coal spot prices decreased to 600-615 Yuan per kilogram, the lowest price since October 2009, as country's manufacturing sector, which accounts for 70% of domestic electricity demand, contracted for the first time in 7 months. Sluggish demand from heavily industrialized sectors and sufficient rainfalls in the south were indicated as the main causes of a decrease in prices.
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Mon, 27 May 2013 08:16:04 GMT

Indian stocks rise after a dip last week

Indian S&P BSE Sensex index advanced 0.8% so far today after losing 2.9% last week. The surge in stocks was led by a 4.4% gain of Reliance Industries, the largest refining complex in the world, as the company discovered new natural gas fields in the country. Bharti Airtel, the biggest mobile-phone operator in the country, gained 4%.

Mon, 27 May 2013 07:44:09 GMT

Asian stocks continue to fall

Asian stocks continued to lose their value as the strengthening Yen harmed Japanese exporters and China announced that it will tolerate slower economic growth. The MSCI Asia Pacific Index decreased 1.3% today, while Japanese Topix Nikkei 225 indexes lost 3.4% and 3.2% of their value respectively. New Zealand's NZX 50 Index fell 1.1%, while Australian S&P/ASX 200 slid 0.5%.

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