Sydney - Asian stock markets rose on Monday (4 / 7), driven the strong performance of Japanese car manufacturers and banks, as well as rallies on Wall Street last week.
The Nikkei Stock Average rose 1.2%, while the S & P / ASX 200 rose 1%, and South Korea's Kospi index rose 0.9%.
Appreciation is following a strong performance for U.S. equity markets on Friday, when the ISM better than expected U.S. manufacturing kodnisi trigger optimism. America is a major export market for Asia.
Autos are some of the best players in Japan, with Honda Motor Co. rose 2.6% and Toyota Motor Co. rose 1.7%.
Recovery of Europe's debt, easing worries of global equity markets and support last week. Greece continued to progress over the weekend, with eurozone finance ministers signed the next phase of assistance for the State of the Gods.
Financial sector rally across the region, with Mitsubishi UFJ Financial Group Inc. rose 2% in Tokyo, and Macquarie Group Ltd. climbed 1.4% in Sydney.
Other stocks that raced in Asia including Japan's Bridgestone Corp., which rose 2.3% after announcing it would raise the price for a vehicle weighing several banks.
Australian airlines also gained, with Qantas Airways Ltd. rose 5.1% and Virgin Blue Holdings Ltd. rose 7%. This rise followed a no-fly Australia to Singapore budget airline Tiger Airways.
inilah.com
Sunday, July 3, 2011
Bank shares and the Automotive Lift Asian Stocks Up
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