Movement of stock price index at a number of major Asian stock today tend to be stagnant. Investors apparently were still waiting for other signs of strengthening global and regional economy.
The Nikkei 225 in Japan rose only 87.05 points (0.8 percent) to 10,752.00. In Hong Kong, the Hang Seng index fell only 0.1 percent to 21,211.36. In fact, the Kospi index in South Korea showed no permanent change in 1656.74.
In China, the stock index is little changed. Similarly, the stock market indices in Australia and India, each rose 0.1 percent and 0.3 percent.
Many investors are still waiting for further signs of economic situation in the U.S.. So, they waited for the emergence of retail sales report and consumer confidence index which will be announced on Friday morning New York time (night time Asia). Two components is an important element for economic recovery in the U.S., but the unemployment rate is still high, although in February and stopped moving.
They hoped, a report from the U.S. tonight could ease concerns over rising inflation in China last February. They worry that rising inflation could force the Central Bank of China raised interest rates.
In effect, the level of import demand and the flow of credit in China could be reduced and this could affect the foreign exporters. Policy tightening in China could disrupt the economic recovery in many countries.
Meanwhile, in currency trading, the yen-dollar exchange rate rose from 90.50 yen to 90.62 yen per dollar. However, this time the dollar falls over the euro, namely from U.S. $ 1.3678 to U.S. $ 1.3694 per euro. (Associated Press)
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