Monday, October 4, 2010

Asian Stocks Shot to A two-year High

Driven by interest in emerging markets, Asian stocks shot a two-year high, while the dollar edged up after the selloff last week despite speculation the Federal Reserve will increase the money supply is still ongoing.

European stocks are between half a percent and 1 percent lower in early transactions, while the dollar remained near eight-month to its lowest level against a number of major currencies, with hopes of raising the Fed will resort to the second round before the year completed the purchase of bonds to support the U.S. economy.

Chinese manufacturing activity has picked up very well. These conditions make investors confident about the prospects for this region and encourage the MSCI index of Asian stocks outside Japan to the highest level since June 2008. .

In addition, strong foreign portfolio flows into the region has been lifted Asian currencies and put pressure on regional central bank to increase the intervention to limit inflows of speculative "hot money" and to support their economies towards the export orientation.

Related articles :

1. Asian stocks hit 2 year high, gold near record high

2. Factors that can influence the market


Anonymous said...

I think it's time now to invest in gold.

H. Nizam said...

Halo Pak,
Nice post informing us about the current development in the stock
and market and gold in Asia.

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