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NTDTV

Market Report – Asia Mixed By and Large

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Redaktion

12. Oktober 2009

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Lesedauer: 1 Min.

In today’s market report… Singapore’s economy grew faster than expected in the third quarter, expanding by 14.9 percent.

But the country’s central bank is remaining cautiously optimistic, saying the economic revival could taper off.

Asian markets were mixed by and large today, with Japan closed for a holiday and Korea’s Kospi lower on worries third-quarter earnings may not live up to expectations.

South Korean retailer Lotte Shopping is considering buying China’s Times Ltd as it seeks a strong brand in a fast-growing market.

Air cargo through Hong Kong fell 4.3 percent in September, the smallest monthly decline in a year, while imported cargo rose for a second straight month, which is a further indication that global trade flows are improving.

The dollar won a brief reprieve late last week from a steady slide that has raised worries about the waning status of the world’s reserve currency.