Tag Asia

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Asian stock markets closed higher on Monday

The Nikkei in Tokyo closed higher at 27,993.35, up 191.71 or +0.69%, driven by strong earnings from listed companies. The gainers were Nippon Kayaku+14.62%, Sumitomo Dainippon Pharma+8.08%, and TOTO+7.21%. The losers were Alps Electric+13.36%, Fujitsu-6.62%, and Pacific Metals-5.52%. In Australia,…

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Back in 1997 – The Asian Financial Crisis

Starting in July 1997, a financial crisis erupted in Asia, followed a year later by the 1998 financial crisis in the United States. In the early 1990s, many investors invested in development projects in Thailand. To do so, they converted…

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IMF warns of risks for Asia after overall debt soars

According to the International Monetary Fund (IMF), overall debt levels in Asia have risen dramatically. Inflation fears and a tightening of financial conditions across Asia have led to an increase in debt. The IMF’s director of Asia and the Pacific…

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This will be important this week

Asia On Tuesday, South Korea releases its second quarter gross domestic product (GDP) and the Bank of Japan releases the minutes of its monetary policy meeting. On Wednesday, South Korea publishes its consumer confidence index for July. China reports industrial…

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Asian markets followed U.S. markets and closed higher

The Nikkei in Tokyo closed at 27,680.26, up 718.58, or +2.67%, after reports that Russia would resume gas exports to Germany. This makes investors feel relieved about the global economy. Dentsu Inc (+6.15%), Fujitsu (+5.11%), and Minebea Mitsumi (+4.91%) were…

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