Friday, October 30, 2009

Market Report - Asia Up on US GDP


Asian shares were up today after Wall Street climbed on data showing the U.S. economy returning to growth.

Japan's Nikkei gained on the back of exporters such as Canon, while Japan Airlines rose after turning to the government for a bailout.

South Korea's Kospi climbed as Samsung reported its best ever quarterly net profit.

China's ChiNext stock market is now up and running. It’s a long-awaited Nasdaq-style second board. It kicked off trading with strong gains.

The first batch of 28 companies made their debut as part of the Shenzhen Stock Exchange, with film producer Huayi Brothers soaring.

Separately, in Hong Kong banks jumped as China's Minsheng Bank prepared to market its IPO after China's banking regulator reportedly approved its listing plan. link....

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