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Tuesday, 19 June 2007

Market Update ( Asian session ) 19 June 2007

Asian market generally doing well today, despite S&P fail to keep the rising momentum, but the strength seems to be dampened.

Japan manage to rebound from the fall earlier on and ended with positive note today. Research shows that the japanese household unit trust investment has increased approximately 25% during the first quarter of the year. They are now more willing to invest rather than put it in the savings account. But could this help the japanese economy to rebound or it's going to be yet another disappointment? Yen continued to fall against most crosses, especially against EUR.

China's stocks rose for the 10th day in the past 11, pushing the benchmark CSI 300 Index to a record on expectations investors will keep shifting money into equities from bank deposits.

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