Thursday, April 9, 2009

Japan's stock market increased significantly on Thursday

Japanese stock market has shown considerable growth in the auction on Thursday against the backdrop of the publication of macroeconomic data. Nikkei index added 3.74%, the index of wide market Topix-3.26%. Published statistical data on orders for engineering products were much better than market expectations. The increase in orders was 1.4%, while analysts expected it to decline 7%.

At the same time, the market has supported a plan to stimulate the economy of Japan, parts of which were announced today. Nak, the program provides substantial subsidies for the production of efficient cars. In this regard, the paper demonstrated the growth of Toyota Motor Corp (+4.0%) and Mitsubishi Motors Corp (+2.8%). The latter is the only mass producer of electric.

Significant recovery was noted in the shares of Sharp Corp (+8.6%). The company takes second place in the world for the production of solar panels.

In general, Asian markets have increased significantly on Thursday:

Nikkei +3.7% to 8916.06

CSI200 (China) +1.38% to 2766.99

Hang Seng (Hong Kong) +2.5% to 14836.67

KOSPI (Korea) +4.3% to 1316.35.

Prepared with input Reuters

No comments: