GX: Hang Seng Dropped in Triple Digits: Japanese Yen weakened
The Asian markets ended mixed on the last trading session, with dropping shares of Chinese and Hong Kong fears an interest rate increase over the coming few days after Beijing surged the date for releasing monthly inflation data.
The Nikkei 225 index surged +91.23 points or +0.90% to close at 10,232.33. The Straits Times index advanced +2.49 points or +0.08% to close at 3,194.37 whereas the Hang Seng index dropped -356.11 points or -1.52% to close at 23,072.04.
the Soulth Koren Stocks at Seoul Exchange remained mix as technology sector shares (Samsung) gained while the refinery stocks (S-oil|) plunged.
Indian banks are countering with different problem at a time when global markets are flush with liquidity.
Costco Wholesale Corporation (NASDAQ:COST) profit jumped 17% in its first fiscal quarter on increased revenue from membership fees and strong results overseas.
The Japanese Yen dropped versus the all the major currencies.
1 Japanese Yen is equal to 0.0090 Euro, the Japanese Yen declined -0.303%.
1 Japanese Yen is equal to 0.0119 US Dollar, the Japanese Yen declined -0.536%.
1 Japanese Yen is equal to 0.0121 Australian Dollars, the Japanese Yen declined -0.374%.
1 Japanese Yen is equal to 0.5365 Indian Rupee, the Japanese Yen declined -0.048%.
1 Japanese Yen is equal to 0.0076 British Pound, the Japanese Yen declined -0.719%.
1 Japanese Yen is equal to 0.0120 Canadian Dollars, the Japanese Yen declined -0.576%.
1 Japanese Yen is equal to 0.0.118 Swiss Franc, the Japanese Yen declined -0.536%.
Gold bounced back from its record high to $1,391, yellow metal dropped 1.23% at the last trade, as investors pulled out their money when gold was on its peek.
At New York Mercantile Stock Exchange in Singapore trading session, the benchmark light sweet crude oil future contract for June 2011, delivery dropped -0.35% to $88.34 per barrel and reached the day high of $88.68 per barrel.
Brent Crude future contract for January 2011, delivery declined -0.69% to 90.70 per barrel reaching its day high on ICE futures exchange in London.
