US Jobs Lifts Asian Markets – A Ray of Hope
The global economy is facing a tough time of slowdown. Everywhere cutbacks and job loss are the buzzwords. The major impact to whole world came after the crush of the World’s biggest economy i.e. United States. With the mix results economies around the globe are fighting with recession. Some are recovering from the losses and damages and some find tough time ahead.
Financial experts predicted that the coming time will smoother as there were some signals of improvement in the second quarter of the year. Recently, in the beginning of July month, this year, Asian stock markets were badly affected as US jobs reportedly threw water on the hope of recovery. But early in the second week of August, the Asian markets again started improving as US job market shown a rising graph that is tending towards more stabilizing job market. This news has got the global attraction and now experts have started believing that US can drive the world away from the threat of “Recession” soon. Now some reasonable growth can be seen in the Asian stock markets.
Japanese construction machinery makers were surprised with the fact that they finally advancing on data after the long period of four months. Moreover during the last month it showed the record lowest. The tycoon of the tire industry, Bridgestone, adopted and implemented effective cost cutting to fight back the slow down due to which it was able to stabilize but now it also announced hike of 5.6 percent and all thanks to the job lifts. Some chemical manufacturing concerns too got some happy waves when their stock value rose up the charts.
In the region of South Korea, KOSPI maintained its trend of foreign buying and gains in the airlines. Among the others Hyundai Merchant Marine, Kwangmyung Electric Engineering and Romanson all gained. Samsung Securities also reported their better than expected gain of 4.3 percent in quarterly net profit.
Coal industry all reported some good hikes as China’s Yanzhou Coal was in news to takeover the Felix Resources. As a result of this some other coal giants like Whitehaven Coal, Macarthur Coal and Centennial Coal also gained their momentum. In the parts of Greater China, Hang Seng index rose up to 3 percent since the stocks of Chinese Banks started recovering with a good pace.
All is well, but Japan was the spot that got severe attention of the World and actually appreciated the US jobs hike. Japan’s Nikkei 225 rose to 1.1 percent, which is its highest close in the past ten months and the Topix climbed up to 1.3 percent. While the Toyota motors recorded 0.5 percent gains.
The look at the spending trends (one key tool to fight back recession and strengthen the economy) shows that among the Asian economies, the Chinese and South Korean economies were the leaders in this trend that helped the stock markets to rise up that also motivated others to invest in stocks.
The economy of US is the World’s biggest economy and can help out others economies of the world to fight back the recession. All the moves in US certainly affect the rest of the economies and in such case we all must pray and hope that US gets a good momentum to get away with the consequences of slow down.
US job lifts affected the Asian economies up to a good extent. The continuing uplifts signals that US can drive the whole world away from recession.Share Trading Facts:
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