Chinese New Year Begins With Improving Asian Markets

February 4th, 2011
in econ_news

Econintersect: Chinese all across Asia celebrated the second day of the New Year driving most Asian markets higher against headwinds of rising interest rates due to inflation and less-good market conditions.

But not all Asian markets advanced.  After two-day upward movement in the Indian markets, the BSE benchmark Sensex dipped again today to 5-month low by losing 441 points to close at 18,008.15 as high inflation and rising interest rate fears gripped investors.

Follow up:

Earlier this week, China's purchasing managers' index (PMI) fell to 52.9 in January from 53.9.  BANK Indonesia, the central bank, today raised its interest rate by 25 basis points to 6. 75 percent according to

source: Times of India

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved