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Article: Asian Markets Overview of January 29
- Article from:
- abnnewswire.net
- Article date:
- January 29, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Asian markets are likely to post solid gains on Thursday, as U.S. stocks rallied on optimism over a fresh rescue package to help banks to remove toxic assets. The Nikkei stock average rose 1.2 percent on Thursday, buoyed by exporters such as Advantest Corp on a softer yen and after optimism about the U.S. government's rescue plan boosted Wall Street.
Asia shares ended mostly higher Wednesday, with indexes in Tokyo, South Korea and Singapore posting gains. China, Hong Kong and Taiwan still shut for the Chinese New Year.
Asia Economy Watch
Chinese Premier Wen Jiabao on Wednesday set an ambitious 2009 growth target at 8% to maintain China's social stability. The International Monetary Fund on ...