Modern Business

Posts Tagged ‘Asian Stock Market’

Today, Asian stock markets are still colored by negative sentiment seems like last week. You’ll see, almost the entire reference index in Asia is decreasing, Monday (7/19/2010) morning. The Hang Seng Index has slumped 0.93% to 20061.98 positions. Similar conditions experienced by the Shanghai Composite Index fell 0.20% to a level of 2419.75. Singapore’s benchmark index also drifted in Asia. Today, the Straits Times Index fell 0.40% to a level of 2945.99. Meanwhile, the Nikkei stock exchange did not operate on this day.

As you know, weeks ago, both regional and global exchanges fall into. Conditions that caused many financial reports of companies that do not fit the prediction. In the U.S., the Federal Reserve also lowered growth forecasts in the United States. As a result, many investors who choose to be cautious and wait until there are clarity that is more certain.

Daejeon, South Korea: Asia is considered necessary to tighten control over the inflow of capital into this area which was considered too easy to go out quickly so that could destabilize financial markets.

Strategy and Finance Minister of South Korea Yoon Jeung Hyun expressed the need for world security network (global safety net) to tackle these capital flows.

“A number of developing countries would have the option to accumulate reserves in order to face the crisis. However, it is the high cost that is not the best choice. Global safety net is a good choice for all countries,” he said this afternoon.

He explained the IMF to prepare a more detailed plan to address capital flows that are too easy in and out and ensure global financial stability. However, IMF Managing Director Dominique Strauss Kahn assess actual Asia has shown resilience to the global financial crisis and even its economy continues to grow.
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