Econintersect: East is east and west is west and never the twain shall meet. We have a Rudyard Kipling world with Europe closing down across the board (GEI News) and everyone in the east up except for Mumbai. Asia/Pacific stock markets have done an about face from Wednesday’s losses and are charging ahead midday Thursday (March 3).
The leaders are Seoul, up 2%, Taiwan (+1.4%), Singapore (+1.1%) and Hong Kong, ahead by 1%. All other markets are up moderately except for Shanghai and Syndey, both hanging on to gains less than 0.1%.
Mumbai is down 0.7%, giving back a little of the 3.5% gain two days ago, the last previous day open.