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mardi 4 mai 2010

Asian markets remain cautious.



Keywords: Estate, Banks, Debts, ASIA, BANK OF China.

While stock markets in Tokyo and Shanghai are still closed, other Asian markets advance as a scattered on Tuesday. Raising the reserve ratio for Chinese banks still weighing.

After a serious drop Monday, Asian stock markets remain cautious on Tuesday. Hong Kong shows a small increase of 0.05% to 20,821.62 points, after opening up 0.86%. The index is penalized by the decline in property values: Sun Hung Kai Properties lost 1.56% and Sino Loanda was down 1.88%.

Bank stocks in Hong Kong found colors:
However, the major banking stocks are catching up after having fallen sharply on Monday because of further increases in reserve ratios of banks in China. Industrial and Commercial Bank of China rose 0.53%, Bank of Communications ahead of 0.11%.

Tokyo closed up Wednesday:
Due to holidays, the Tokyo Stock Exchange is closed until Wednesday inclusive. The quotations on the Shanghai Stock Exchange will resume tomorrow.
As for other areas of the region, ay advance of 0.19% to 17,419.28 points. In contrast, Taiwan lost 0.39% to 7921.24 points, Seoul was down 0.29% to 3607.48 points, Sydney drops 0.51% to 4,761.20 points and Singapore loose 0.95% to 2916.33 points.

A high of 19 months on oil prices:
Crude prices were trending downward Tuesday in Asian electronic trading, after touching its highest 19 months yesterday, but remained at a high level.
In morning trading, a barrel of light sweet crude for June delivery lost 41 cents to 85.78 dollars, while Brent North Sea due to identical, yielding 24 cents to 88.70 dollars.

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