Monday, November 8, 2010

Asia stock markets mixed in Monday

Asia stock markets mixed in Monday's stock trading (8 / 11) as investors paused after last week's profit action. Oil prices near $ 87 per barrel in Asia after U.S. jobs data (U.S.) to increase demand for crude oil. U.S. dollar fell against the yen. Nikkei 225 Index rose 88.48 points, or 0.9% at 9,714.11 last Friday to enjoy an increase in U.S. dollar against the yen that gives hope to the exporter.

South Korea's Kospi index less than 0.1% to as low as 1,938.16. The Hang Seng Index to a level of 24,851.16, and the Shanghai Composite index rose 0.7% to 3,150.591. Australian Index S & P / ASX 200 fell 0.5% to 4,777.3.

Singapore and Indonesian stock markets rose while stock markets of Taiwan and New Zealand down. Global stock markets and commodities rally last week after the Fed on Wednesday announced it will buy bonds of U.S. $ 600 billion during the eight months to stimulate sluggish economy by lowering long-term interest rates. But gains in the New York Stock Exchange is limited although the Labor Department jobs report added 151 thousand jobs in October. U.S. national employment rate remained at 9.6% for the third month, and shares ended barely higher.

Reference oil price for December delivery rose 3 cents to U.S. $ 86.88 per barrel in electronic trading on the New York Mercantile Exchange. The contract price rose 36 cents to $ 88.85 at Juma

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