123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Tcl Associates Asia Roundup - Markets Surge On Fed News

Profile Picture
By Author: TCL Associates
Total Articles: 13
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The Federal Open Market Committee’s decision to continue its $85 billion a month bond purchasing program has caused markets globally to surge. During August fears of tapering cause a selloff in emerging markets especially South East Asia. The decision to delay tapering has caused those markets to rally strongly. In Indonesia the market surged 4.6%, in Thailand the SET rose 3.3% and the Philippines went up 2.8%.

In Tokyo, the Nikkei Stock Average rose 1.8% and is approaching a bull market. The Japanese market suffered over the summer, but is currently up 10% since lows at the end of August. Analysts at TCL Associates believe that the Nikkei will continue to produce strong returns through the end of the year. The yen also weakened 1% against the dollar to 98.59 yen to the dollar. The analysts believe that a weaker yen is good for the major companies whose sales come from overseas markets, they recommend clients to invest in Japanese auto manufacturers, such as Toyota.

In Sydney, the S&P/ASX 200 gained 1.1%, boosted by gold mining firms. As the Fed decided not to taper it caused gold to spike more ...
... than 4%. Newcrest Mining jumped 7.9%, Zhaojin Mining Industry climbed an impressive 12% and Zijin Mining Group gained 10.4%. The analysts at TCL Associates believe that gold is still a good investment at $1,360, and predict it to surge to $1,700 by the end of the year.

The Chinese and South Korean markets were not able to respond to the Fed's decision because they are closed for the rest of the week due to a public holiday. On Wednesday, the Shanghai Composite gained 0.3% but in South Korea the Kospi dropped 0.4%.

Total Views: 224Word Count: 296See All articles From Author

Add Comment

Investing / Finance Articles

1. The Investor Co - Trade With Confidence
Author: Taramalhotra

2. A Deep Dive Into The Leading Investment Banking Firms In Hyderabad
Author: Verity knowladge solutions

3. Can Foreigners Buy Property In Ajman?
Author: tarek

4. When Will Same Day Loans Online Be Paid Into My Bank Account?
Author: Jockey Ferguson is a financial adviser of Fast Pay

5. The Role Of Exclusive Solar Appointments In Accelerating The Solar Revolution
Author: Shan Tait

6. Wills Vs. Trusts: Key Insights For Effective Estate Planning
Author: Daniel Stewart

7. The Impact Of Financial Institutions Groups On Global Markets
Author: Verity knowladge solutions

8. How Property Investment Professionals Drive Long-term Wealth Creation
Author: Rick Lopez

9. Private Company Registration Bangalore | Company Incorporation
Author: mwseo

10. Ecommerce Loan With Overdraft Facility For Your Business
Author: Tarun

11. Does The Online Application Process For A Short Term Loans Require A Credit Check?
Author: Jockey Ferguson is a financial adviser of Fast Pay

12. The Impact Of Customer Reviews On Solar Appointment Leads
Author: Shan Tait

13. What Happens If You Don’t Use Insurance Money For Repairs?
Author: john

14. How To Earn Money Online Without Investment In Mobile?
Author: john

15. Is It A Good Idea To Give Money To Beggars?
Author: john

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: