Asian Markets, January 24, 2013
As of January 24, Nikkei 225 index rose by 1.28% provided by the weaker yen. The yen fell in the light of explanations by Vice Finance Minister Takehiko Nakao and Deputy Economy Minister Yasutoshi Nishimura. Also, Chinese manufacturing data raised the optimism for earnings of the companies that do business in China.
Although China’s manufacturing data came better than estimates, Hang Seng Index and Shanghai Composite Index in Hong Kong edged down 0.16% and 0.77%, respectively. The decreases in suppliers of Apple Inc. also affected the markets negatively.