Asia evolves into a fragmented stock market, the Nikkei rebounds
At 7 o'clock on Monday, the Nikkei 225, unweighted average of 225 blue chips of the Tokyo Stock Exchange, ended the first meeting of 2010 on a gain of 1.03% (108.35 points) at 10,654.79 points, with less than 1.3 billion shares traded. Note that the Tokyo Stock Exchange was put into operation Monday a new system of data processing, faster than before. Some investors were cautious, wary of possible malfunctions, said couriers.
The index nippon has benefited from a weaker yen against the dollar and the rebound of Japan Airlines (JAL) of 34.85%, with the announcement of a loan from the state. According to press reports, the Development Bank of Japan will double its credit line Surla airline, to 200 billion yen, or about 1.5 billion euros.
The first Japanese airline, ordered to quickly find an American partner, decided to partner with Delta Air Lines and join the SkyTeam alliance at the expense of American Airlines and Oneworld, said the biggest Japanese newspaper, Yomiuri Shimbun in its online edition Monday night.
Conversely, the company Mizuho Financial, the second listing the most active in terms of volumes on Monday, has surrendered 1.81%. Other financial value, Mitsui Financial Group dropped 1.13%.
The broader Topix index was in turn earned 8.16 points (0.90%) to finish at 915.75 points.
Less enthusiasm elsewhere in Asia
Considering the Asian region as a whole, the S & P Asia 50 operates up to 0.37%. The Hang Seng index in Hong Kong lost 0.29%, to 21,809.36 points, when Shanghai fell back from 0.14% to 3432.64 points and Singapore fell by 0.22%, to 2891.3 points.In another sense, the Australian Stock Exchange rises 0.12% at 4876.3 points. In India, the Bombay Sotck Exchange 500 takes 0.68%, to 6888.95 points.
Crude prices were up Monday in electronic trading in Asia for the first meeting of the year, while Russia has suspended its oil exports to Belarus, transit-key deliveries to Europe , dealers said.
The barrel of light sweet crude for February delivery took 61 cents to 79.97 dollars a barrel, while that of Brent North Sea at the same maturity, gained 53 cents to 78.46 dollars.
Note that the north of Asia suffered a snowstorm unprecedented weather services of South Korea have indicated that record snowfalls have nailed the aircraft on the ground and caused chaos on Monday the country's roads.Schools were closed and transport were disrupted Monday in northern China after two days of snow that must be followed by extremely cold temperatures as low as -32 °.
For the record, Wall Street closed down last Thursday: The Dow Jones lost 1.19% and 0.92% on Nasdaq.