1 Updates

The Lexington Report: 12-08-2013 - Stocks in China and Hong Kong Soar, But Slide in Japan

Sep 12 2013, 3:20am CDT | by PR.com

Chinese and Hong Kong Stocks climbed on positive data and potential stimulus, while GDP data which fell short of expectations hurting Japanese firms.

Tokyo, Japan, September 12, 2013 --(PR.com)-- Chinese and Hong Kong stocks soared today to lead Asian Markets. The Shanghai Composite jumped 2.4%, its biggest gain in a month, while the Hang Seng...

Filed under: news

Full Story below YouTube Videos

 
 

 

31 weeks ago

The Lexington Report: 12-08-2013 - Stocks in China and Hong Kong Soar, But Slide in Japan

Sep 12 2013, 3:20am CDT | by PR.com

Chinese and Hong Kong Stocks climbed on positive data and potential stimulus, while GDP data which fell short of expectations hurting Japanese firms.

Tokyo, Japan, September 12, 2013 --(PR.com)-- Chinese and Hong Kong stocks soared today to lead Asian Markets. The Shanghai Composite jumped 2.4%, its biggest gain in a month, while the Hang Seng in Hong Kong added 2.1% to finish at its highest level since the beginning of June. “The markets are still gaining on last week's data showing that Chinese trade indicators and monthly industrial output had beat expectations,” said Analyst Matthew Stevens at The Lexington Group. “A Hong Kong daily newspaper also reported on Monday that the Chinese Government was discretely offering stimulus to important cities and provinces to support local economies. Policy makers stated that national stimulus is out of the question, but said that “unofficial stimulus” was possible to support key regional economies.”

Construction and related material stocks were some of the best performs in China and Hong Kong. In Shanghai Anhui Conch Cement Co. gained 4.5% and property developer Gemdale Corp. took 4.4%. And In Hong Kong, China Resources Land Ltd rose 2.3% and Aluminum Corp. of China Ltd. gained an impress
6%.

The gains in China and Hong Kong did not help to drive earnings in Tokyo, with the Nikkei Stock Average falling 0.7%. The drop came on the back of data showing a decline in Japanese GDP. The Japanese Government report released on Monday showed that the economy grew 2.6% in the second quarter, but fell significantly short of 3.6% forecasted. In our opinion the decline likely stems from the scheduled consumption tax increases to boost the revenue of the highly indebted government. The Japanese parliament has approved an increase in the tax to 8% for April of next year and then to 10% by October of 2015 from its current level of 5%.

Financial firms were some of the biggest decliners. Daiwa Securities Group Inc. dropping 2.3%, and Nomura Holdings Inc. lost 3.1%

Contact Information:
The Lexington Group
Itsuki Nakamura
81345209601
Contact via Email
http://thelexingtongroup.com/

Read the full story here: http://www.pr.com/press-release/515154

Press Release Distributed by PR.com

Source: PR.com

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Lakefront Living Realty, LLC Releases Version 6.0 of Popular Lakefront Property Website
Lakefront Living Realty, LLC Releases Version 6.0 of Popular Lakefront Property Website
Searching for New England Lakefront Property is now easier and faster with the new version of LakefrontLiving.com.
 
 
AFG Group Wins 2013 CMAA Project Achievement Award
AFG Group Wins 2013 CMAA Project Achievement Award
AFG Group is honored to receive the 2013 CMAA Project Achievement Award from the Association’s National Capital Chapter. The award recognizes AFG’s outstanding Construction Management practices on the 5-year Steam Line & Condensate Replacement Project, serving GSA’s Heating Operations & Transmission Division. This complex $13.6M project accomplished replacing 11,000 LF of underground steam lines that serviced 21 Federal buildings within the District.
 
 
Cayman Islands Is The New Switzerland, But Not The Way You Think
Are the Cayman Islands The Next Offshore Target? The U.S. has cast its tax net far and wide, more a shotgun than a rifle shot. Mixing fishing and shooting metaphors seems appropriate to show just how no-holds barred...
 
 
In India Election, Single Twitter Appeal Draws In $133,000 Campaign Funds For Upstart Party
On April 16, Arvind Kejriwal, founder of the upstart Aam Aadmi Party which is crusading to eliminate criminality and corruption in Indian politics, started a 140-character fundraising campaign. “….Need clean money to...
 
 
 

Latest from the Network

Lakefront Living Realty, LLC Releases Version 6.0 of Popular Lakefront Property Website
Mansfield, MA, April 18, 2014 --(PR.com)-- Hopeful buyers fantasizing of starting a new lifestyle on the water no longer have to struggle to find their dream lakefront property. The latest version of LakefrontLiving....
Read more on Business Balla
 
AFG Group Wins 2013 CMAA Project Achievement Award
Herndon, VA, April 18, 2014 --(PR.com)-- AFG Group recently received the 2013 CMAA Project Achievement Award from the Construction Management Association of America, National Capital Chapter. The award recognizes AFG...
Read more on Business Balla
 
AFG Group Wins 2013 CMAA Project Achievement Award
Herndon, VA, April 18, 2014 --(PR.com)-- AFG Group recently received the 2013 CMAA Project Achievement Award from the Construction Management Association of America, National Capital Chapter. The award recognizes AFG...
Read more on Politics Balla
 
Paul Walker's mother drops custody bid of his daughter
Paul Walker's mother has dropped her bid to gain custody of his daughter. Cheryl Walker had sought to be named as the sole guardian over the late actor's estate and his 15-year-old daughter Meadow, but she has now...
Read more on Celebrity Balla
 
Cayman Islands Is The New Switzerland, But Not The Way You Think
Are the Cayman Islands The Next Offshore Target? The U.S. has cast its tax net far and wide, more a shotgun than a rifle shot. Mixing fishing and shooting metaphors seems appropriate to show just how no-holds barred...
Read more on Business Balla
 
In India Election, Single Twitter Appeal Draws In $133,000 Campaign Funds For Upstart Party
On April 16, Arvind Kejriwal, founder of the upstart Aam Aadmi Party which is crusading to eliminate criminality and corruption in Indian politics, started a 140-character fundraising campaign. “….Need clean money to...
Read more on Business Balla
 
What Was Old is Now Shiny New and Retro Chic—the Reinvented Pioneer Square. Pioneer Square, Seattle’s Oldest Neighborhood, is Experiencing a Revival Fueled by Food.
Seattle, WA, April 18, 2014 --(PR.com)-- Pioneer Square is a neighborhood that is a stone’s throw from the gorgeous waterfront, on the edge of downtown and SODO with the rhythms of tourists and sports fans...
Read more on Business Balla
 
Cameron Diaz: I barely worked out for scenes
Cameron Diaz ''barely worked out'' before stripping off in scenes for 'The Other Woman'. The 41-year-old actress, who is seen running down a beach in a bikini with Sports Illustrated model Kate Upton, 21, in the new...
Read more on Movie Balla
 
Courtney Love got confidence tips from gay pals
Courtney Love's gay friends taught her how to be a rock star. The Hole singer credits her homosexual pals with helping her learn how to dress well and have a commanding presence when she enters a room. She told Gay...
Read more on Celebrity Balla
 
Lindsay Lohan: I felt humiliated by sex list
Lindsay Lohan felt "humiliated" after her rumoured list of 36 sexual conquests was leaked. The actress has seemingly admitted she did write the list of famous sexual partners, which included Hollywood stars Ashton...
Read more on Celebrity Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla