TCL Associates Focus On Asia As
Markets Continue to Climb
The Chinese markets traded higher as they published data showing that industrial
output and retail sales increased in August.
Japan continues to climb on the back
of their successful Olympic bid,...
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TCL Associates Focus On Asia As
Markets Continue to Climb
The Chinese markets traded higher as they published data showing that industrial
output and retail sales increased in August.
Japan continues to climb on the back
of their successful Olympic bid, and Australia´s new government has increased
business confidence.
In China the Shanghai Composite rose 1.
2% and in Hong Kong the Hang Seng
climbed one percentage point.
As Chinese authorities released more positive data,
they stated that industrial output climbed 10.
4% in August, beating the forecasted
9.
9% increase.
Retail sales have also increased 13.
4% in August, up from an
increase in 13.
2% in July.
China Coal Energy Company Ltd gained nearly 7%,
Lenovo group traded 3.
8% higher and CITIC Pacific Ltd climbed to 4.
8%.
Financial
shares traded higher as investors speculate that lenders will be able issue preferred
shares to raise capital.
Bank of Communications Co.
1.
7% and China Merchants
Bank Co.
jumped 3%.
China Mob
Less
