Far East Stocks Stronger Midday Tuesday

March 7th, 2011
in Background, econ_news

Econintersect:  Eight of eleven Asia/Pacific stock markets are up in midday trading Tuesday (March 8).  This is a turnaround from Monday which saw widespread losses in the Far East with the MSCI Emerging Markets Index declining 0.6%, snapping a six-day streak of gains, the longest in eight weeks.

Follow up:

Mumbai (Bombay) and Seoul are both up by 1% or more.  The three weakest markets are Shanghai (-0.4%), New Zealand (-0.3%) and Jakarta (-0.1%).

Singapore is ahead by 0.4% and the other five markets have advances from 0.1% to 0.2%. 

Sources:  Yahoo Finance and Bloomberg

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