Tokyo up, Hong Kong down

August 5, 2010 - 9:12 am Comments Off

In Tokyo, the Nikkei 225 to 7 hours ahead of 1.18% to 9601.56 points while the broader Topix index advances 0.9% to 853.54 points, amid investor confidence after U.S. statistics good omen on the employment front on Wednesday.

Toyota was up 1.2% to 3120 yen. The Japanese automaker's sales were up 30% over the last three months, officials said Wednesday. For the first quarter of its fiscal year from April to June, the Japanese sign its best operating profit in two years. Net profit reached 190.4 billion yen (1.68 billion euros) against a loss of 77.8 billion yen a year earlier.

For its part, Isuzu climbed 6.8% after also announced a return to profit.In the wake of these two manufacturers, Nissan took 2.5%, Honda, 2.1% and Mitsubichi, +1.7%.

More appetite for risk

Overall, the trend is upward in the rest of Asia. In India, the Bombay SE is 0.4% at 18,289 points. Singapore's Straits Times 0.17% to 3007 wins points. In South Korea, however, the Kospi down 0.62% to 1779 points.

In China too, the counters are red in Hong Kong, the Hang Seng loses, however, only 0.05% at 21,540 points and the index of Shanghai CSI 300 fell back, her 0.78% to 2854.1 points.

It seems there is more appetite for risk on the part of operators offering, but that does not result in trade volumes, which remain very quiet this summer.

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