Asia markets up on global hopes

Note: This section contains information in English only.
Source: Marketwatch
Asian stock markets experienced a sharp increase on Wednesday led by resource firms and exporters, as investors regained optimism about the global economy outlook. China's Shanghai Composite rallied 0.4%, Hong Kong's Hang Seng Index rocketed 1.6% while Japan's Nikkei Stock Average jumped 1.4%. Australia's S&P/ASX 200 index advanced 2.1% and South Korea's Kospi rallied 3.1%.

 

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Wed, 21 Dec 2011 08:03:20 GMT

Japan's central bank leaves the rate unchanged

The Bank of Japan decided to leave its key interest rate unchanged, said officials after the policy meeting. Central bank policy makers voted unanimously on keeping overnight rate at 0-0.1%. Country's economy has slowed down amid global uncertainty, appreciation of Yen and Thailand flooding. BOJ claimed no changes will be implemented until prices reach at least medium term stability. 

Tue, 20 Dec 2011 13:33:53 GMT

Business confidence index in Germany unexpectedly rises

Germany's business confidence surprisingly surged in December for the second consecutive month, indicating the country is coping well with Eurozone's debt crisis. Business climate index, estimated by Ifo institute advanced from 106.6 in previous month to 107.2 in December. Economists surveyed by Bloomberg predicted a decline to 106. Reading show German firms do not believe in worst crisis scenario, said Alexander Koch, UniCredit's economist in Munich.

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