Market Report - Asian Shares Up

In todays Market Report Asian shares climbed to a six-month high, as hopes that the global economic downturn is nearing its bottom.

Economic recovery hopes lifted oil prices by almost $1 per barrel while sending the benchmark Nikkei to a 4 and a half month high and the yen slid towards six-month lows against the dollar and the euro.

North Korea's launch of a rocket on Sunday had little market impact, given that the action had been expected and is seen having limited economic implications.

HSBC investors bought 96.6 percent of the shares offered in its record $18.9 billion rights issue, Europe's biggest bank said on Sunday.

Mining giant Rio Tinto has drawn up contingency plans to raise $8 billion in a rights issue underwritten by JP Morgan and Credit Suisse, the Sunday Times reported without citing sources.

Category:

News & Politics

Tags:

• ntd
• market report
• asia shares
• money
• trade
• economy
• business
• stock
• oil
• inpex

[destroyergmv]

he imitates a british man well... oh my.