Asian stock markets rise on Thursday, the third consecutive session on investor optimism for corporate profits, heightened after the results of a U.S. bank JPMorgan has exceeded expectations and the South Korean steel maker Posco improved forecasts, reported Bloomberg.
composite index of Asia-Pacific region MSCI Asia Pacific increased by 1.5% in opening trades - up 121.77 points. C of the March wage index gained 73%.
Japanese Nikkei 225 index added 2.1% after the increase in stock price chip maker Elpida and consumer electronics manufacturer Panasonic.
South Korean Kospi rose by 0,6%, Australia SP /ASX 200 - 0,9%. The growth observed at all open for bidding markets of Asia.
Investors are putting more money into stocks in anticipation of further improvement of economic data and corporate profits, - said a spokesman for Mitsubishi UFJ Asset Management Co. Hong Kong Michiya Tomita.
JPMorgan for the third quarter 2009 increased its net profit in 6,8 times - to $ 3.588 billion, or $ 0.82 per share, compared with $ 527 million, or $ 0.09 per share, received for the same period last year.
Analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average of $ 0.52 per share.
Stock quotes a leading Japanese bank Mitsubishi UFJ Financial Group Inc. rose to 2.3% on expectations of growth in profitability in the banking sector. Bank of Japan's third-largest market capitalization of Mizuho Financial Group Inc. share price increased by 1,1%.
News from the United States, in particular, companies such as JPMorgan, improves mood, and banks are likely to become the basis for the return of investors to the market shares, says the head of Daiwa Securities Kazuhiro Takahashi.
largest steel company Posco in South Korea increased its profit forecast for the current year up to 23% in anticipation of growth in demand for steel. The cost of securities Posco rose on Thursday on 4,5%.
price of securities of the largest producer of memory chips in Japan's Elpida Memory Inc. increased by 4,5%, as the company recorded an operating profit for the first 8 quarters. According to preliminary data released on Thursday, Elpida's operating profit in the third quarter totaled 500 million yen ($ 5.6 million), compared with a loss of 24.5 billion yen the same period last year.
The stock price of Australian oil group Woodside Petroleum rose by 2,3% after take-off in oil prices to the maximum for the year. The largest Japanese oil company Inpex Corp. added with the opening of trading 2,6%. Oil futures traded in New York above $ 75 a barrel, the second consecutive day.
Panasonic Paper prices increased by 2,6% as Credit Suisse raised its assessment of the shares to neutral to above market, considering the current quotes too low given the strong balance sheet.
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Asian shares rise in price the 3rd consecutive session on optimism about the earnings
Asian stock markets rise on Thursday, the third consecutive session on investor optimism for corporate profits, heightened after the results of a U.S. bank JPMorgan has exceeded expectations and the South Korean steel maker Posco improved forecasts, reported Bloomberg.
composite index of Asia-Pacific region MSCI Asia Pacific increased by 1.5% in opening trades - up 121.77 points. C of the March wage index gained 73%.
Japanese Nikkei 225 index added 2.1% after the increase in stock price chip maker Elpida and consumer electronics manufacturer Panasonic.
South Korean Kospi rose by 0,6%, Australia SP /ASX 200 - 0,9%. The growth observed at all open for bidding markets of Asia.
Investors are putting more money into stocks in anticipation of further improvement of economic data and corporate profits, - said a spokesman for Mitsubishi UFJ Asset Management Co. Hong Kong Michiya Tomita.
JPMorgan for the third quarter 2009 increased its net profit in 6,8 times - to $ 3.588 billion, or $ 0.82 per share, compared with $ 527 million, or $ 0.09 per share, received for the same period last year.
Analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average of $ 0.52 per share.
Stock quotes a leading Japanese bank Mitsubishi UFJ Financial Group Inc. rose to 2.3% on expectations of growth in profitability in the banking sector. Bank of Japan's third-largest market capitalization of Mizuho Financial Group Inc. share price increased by 1,1%.
News from the United States, in particular, companies such as JPMorgan, improves mood, and banks are likely to become the basis for the return of investors to the market shares, says the head of Daiwa Securities Kazuhiro Takahashi.
largest steel company Posco in South Korea increased its profit forecast for the current year up to 23% in anticipation of growth in demand for steel. The cost of securities Posco rose on Thursday on 4,5%.
price of securities of the largest producer of memory chips in Japan's Elpida Memory Inc. increased by 4,5%, as the company recorded an operating profit for the first 8 quarters. According to preliminary data released on Thursday, Elpida's operating profit in the third quarter totaled 500 million yen ($ 5.6 million), compared with a loss of 24.5 billion yen the same period last year.
The stock price of Australian oil group Woodside Petroleum rose by 2,3% after take-off in oil prices to the maximum for the year. The largest Japanese oil company Inpex Corp. added with the opening of trading 2,6%. Oil futures traded in New York above $ 75 a barrel, the second consecutive day.
Panasonic Paper prices increased by 2,6% as Credit Suisse raised its assessment of the shares to neutral to above market, considering the current quotes too low given the strong balance sheet.
Asia: markets are shrouded positives, no signals for sales
Dollar depreciated - day review of the cash markets
Nadra Bank should be ashamed
Loans to declare: What's the catch
banks are now virtually stopped lending to the population, but the need for credit is still there …
Ukrainian Stock Exchange has updated the maximum
The dollar has fallen in price to a minimum 14 months on improving corporate profits and the rally in the stock market
U.S. indexes rose on Wednesday, Dow Jones reached the mark in 10 thousand points for the first year
Negative dynamics of gold prices indicates the increased probability of correction in the stock markets
Analysis of the Futures and Options on RTS Index