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May 9, 2013
Asian share markets mixed; Nikkei & Kospi leading the rise
FXstreet.com (Barcelona) - Following much better than expected Australian jobs report and China CPI pretty much in line with expectations although 0.01% higher at 2.4%, local share markets show mostly green lights, lead by a strong Nikkei index, that is finding some trouble against the 13400 points ask line.
The Nikkei index is around +0.78% higher for the day, struggling to climb above yesterday's fresh 2013 highs and highest since early June 2008, following US equities that closed again in NY printing another all time record high, up +0.41% for the SP500 in the day.
Korean Kospi is making even better than Nikkei today rising +1.10%, while Hang-Seng is around flat, last at -0.17%, Australian ASX +0.13%, and Shanghai showing some weakness on CPI figures down -0.29%, as monetary stimulus will be harder to come by with those levels of inflation, even though PPI came in way lower than expected at -1.9%.
The Nikkei index is around +0.78% higher for the day, struggling to climb above yesterday's fresh 2013 highs and highest since early June 2008, following US equities that closed again in NY printing another all time record high, up +0.41% for the SP500 in the day.
Korean Kospi is making even better than Nikkei today rising +1.10%, while Hang-Seng is around flat, last at -0.17%, Australian ASX +0.13%, and Shanghai showing some weakness on CPI figures down -0.29%, as monetary stimulus will be harder to come by with those levels of inflation, even though PPI came in way lower than expected at -1.9%.