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Asian markets mostly up, China equities down

By FXstreet.com,  December 13, 2012, 02:28:00 AM EDT

FXstreet.com (Barcelona) - The Japanese Yen is increasingly weaker as the Japan election approaches and is allowing gains on Japan's equities, with the Nikkei Stock Average rising +1.68% on Thursday, to $9742.73. South Korea's Kospi gained +1.38%, while indexes in China edged lower. The Shanghai Composite fell -1.02% and Hong Kong's Hang Seng eased -0.19%. Australia's S&P ASX 200 closed flat on the day,

Financial markets are cheering both Fed's decision of yesterday and Eurozone finance minister's approval of giving the ECB supervisiory oversight powers over up to 200 eurozone lenders, from 2014, "paving the way for direct recapitalization of troubled banks in the future", wrote Alvin Pontoh, analyst at TD Securities.

The economic calendar will provide Spain and Italy CPI data, SNB's interest rate decision and ECB's monthly report.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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