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Article: Asian Market Overview of November 11
- Article from:
- abnnewswire.net
- Article date:
- November 12, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Asian stocks markets were mostly higher on Wednesday. The Japanese market was buoyed by the positive machinery orders data, and the U.S. dollar dropped sharply against the yen after the data. World Bank President Robert Zoellick said on a conference in Singapore today that the US dollar's role as a reserve currency is intact, but the Chinese yuan could provide an alternative in the next 10-15 years.
China's General Administration of Customs said today exports fell 13.8 percent in October from a year earlier, while imports fell 6.4 percent. The trade surplus last month was US$24 billion, up from US$12.9 billion in September and US$15.7 billion in August.
South Korea's unemployment rate ...