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Asian stocks mixed, Tokyo gains on sales tax delay HONG KONG: Asian markets were mixed Wednesday despite record closing highs on Wall Street, with Tokyo stocks ticking higher after the government delayed a planned sales tax hike as Japan tipped back into recession.Hong Kong slipped 0.32 percent, Sydney dipped 0.36 percent and Seoul was down 0.24 percent while Shanghai traded flat.But Tokyo gained 0.23 percent after Prime Minister Shinzo Abe on Tuesday called for early elections to seek a mandate for delaying next year's sales tax increase and his economic policies."Abe's actions were in line with market expectations, which had been building for several days," said Eiji Kinouchi, chief technical strategist at Daiwa Securities. "Historically, the market tends to rise between the time elections are declared and when the vote actually occurs, and foreign investors, importantly, appear to be embracing the decision," Kinouchi told Dow Jones Newswires.Abe's announcement came after data Monday showed the Japanese economy was in recession, ...

Tokyo's Nikkei index flat by break TOKYO: Tokyo's Nikkei 225 stock index was flat Wednesday morning, as investors await the outcome of a Bank of Japan meeting and comments from its chief on the government's decision to delay a sales tax rise.The benchmark Nikkei inched up 0.02 percent, or 3.70 points, to 17,347.76 by the break, while the Topix index of all first-section shares rose 0.22 percent, or 3.12 points, to 1,398.00 yen.The Japanese market ticked up at the start as ...
Taiwan stocks rise, led by memory chipmakers TAIPEI: Taiwan stocks rose 0.82 percent on Wednesday, ahead of other regional bourses, led by memory chipmakers which rebounded from steep falls in previous sessions.As of 0142 GMT, the main TAIEX index was up 76.23 points at 8931.3, after closing down 0.3 percent on Tuesday.Local memory chip firms Nanya Technology Corp and Inotera Memories Inc gained 6.98 and 3.19 percent, respectively. The stocks posted significant losses in the previous two sessions after local media reported ...
Nikkei rises on tax relief, hopes for economic rebound TOKYO: Japanese stocks edged higher on Wednesday as investors breathed a sigh of relief at Prime Minister Shinzo Abe's decision to delay a planned sales tax rise, and held out hopes for a rebound in the economy after it unexpectedly slipped into recession.The Japanese premier confirmed late on Tuesday a widely-expected postponement to April 2017 of the planned tax hike, and said that he would dissolve the lower house on Friday. The vote is expected ...
Indonesian stocks open higher after central bank hikes rates JAKARTA: Indonesia's main stock index opened higher on Wednesday after the central bank raised interest rates following the government's move to cut subsidies and raise fuel prices. The index rose as much as 0.35 percent in early trade on Wednesday, extending Tuesday's near 1 percent gain. Bank Indonesia raised its key interest rate by 25 basis points to 7.75 percent and lending facility rate by 50 basis points to 8 percent on Tuesday, to anchor ...
Hong Kong shares down 0.31pc at open HONG KONG: Hong Kong shares dipped 0.31 percent in the early minutes Wednesday despite fresh record closing highs on Wall Street following solid economic data from Germany and the United States.The benchmark Hang Seng Index slipped 74.06 points to 23,455.11.Copyright AFP (Agence France-Presse), 2014 ...
China shares mixed in morning trade SHANGHAI: Chinese shares were mixed on Wednesday morning with Shanghai slipping on falls in heavyweight banking stocks, dealers said.The benchmark Shanghai Composite Index fell 0.13 percent, or 3.28 points, to 2,453.09.The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.13 percent, or 1.77 points, to 1,339.86.Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln