TCL Associates Asia Review - Japanese Market
Finished Higher, While China Declined
The Japanese market performed well on the back strong finish on Wall
Street and due to rumors of a cut in corporate tax on Wednesday.
While
the Commonwealth Bank of...
More
TCL Associates Asia Review - Japanese Market
Finished Higher, While China Declined
The Japanese market performed well on the back strong finish on Wall
Street and due to rumors of a cut in corporate tax on Wednesday.
While
the Commonwealth Bank of Australia dropped after posting
positive results.
Aug.
15, 2013 - CHUO-KU, Japan -- In Tokyo the Nikkei Stock Average
gained 1.
3% boosted by strong buying the afternoon, after faltering in morning
trading.
Matthew Stevens, an Analyst at TCL Associates attributed the gains in
Japan to rumours that Prime Minister Abe is considering lowering corporate tax
rates to counter act the rise in sales tax.
South Korea’s Kospi rose 0.
6% while, the Chinese Shanghai Composite fell 0.
3%.
Australia´s S&P/ASX 200 ended with a marginal loss.
Trading in Hong Kong was
suspended due to a typhoon which generated a force 8 warning from the Hong
Kong Observatory.
The Commonwealth Bank of Australia declined 1.
2%, even though the bank
reported record profi
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