Asian stock markets advanced, but Tokyo dock.

Keywords: JAPAN, ASIA, Scholarship.

Asian stock markets rose on Monday, except in Japan: investors fear a spillover of risks to the European sovereign debt, and evoke a "time bomb" tax in Japan. Bangkok Stock Exchange, closed since Wednesday due to clash in Thailand, has reopened.

Big time at the Tokyo Stock Exchange on Monday. The main index of the Japanese financial market has reached its lowest level since December. After selling 6.5% during the last week, the Nikkei hit 9693.07 points, but he has rebounded slightly afterwards, however, to limit its decline to 0.27% (9,758.40 points) to fence. The Topix ended for its share increased from 0.04% to 880.01 points.
The gloom is driven by fears of contagion risk in Japan currently facing the European sovereign debt. Fears justified, according to analysts at Macquarie, which evoke a "tax bomb ticking in Japan. They also worry about the trade implications of the European crisis.
Europe absorbs 13% effect on Japanese exports and generates 21% of income earned abroad by Japanese companies, analysts said Macquarie. Among the most battered Japanese stocks on Monday are therefore exporters such as Canon (-0.40%). The strengthening of the yen against the dollar also contributed to weigh on earnings prospects of these companies.

Beautiful rebounds elsewhere in Asia:
Unlike Tokyo, most other Asian stock markets regain ground on Monday. The Stock Exchange of Hong Kong closed up 0.62% to 19,667.76 points in a business volume of 64.65 billion Hong Kong dollars (8.30 billion USD).
The Shanghai Stock Exchange ended on a strong growth of 3.48% to 2673.42 points.
In Australia, the S & P/ASX200 1.38% allows itself to 4365 points. In India, the Sensex jumped 1.25% to 16,650 points.

Bangkok Stock Exchange reopens after clashes:
Bangkok Stock Exchange opened this morning, down 0.7% after suspending all quotations on Wednesday, because of clashes last week between the Thai army and anti-government protesters of "red shirts".
This political crisis, which has 54 fatalities and 400 wounded since May 14 last, should be translated into the Thai national accounts annual GDP 1.5% below forecast. In the first three months of the year, though there rose 12%. Bangkok maintains its outlook for growth between 3.5% and 4.5% for 2010.