Made In China Talk  

Go Back   Made In China Talk > General Topics > International Business News
Directory Register FAQ Members List Calendar Mark Forums Read 中文




Business Update: US hopes lift Asia


Reply
 
Thread Tools Display Modes
  #1  
Old 10-13-2009, 07:18 PM
irahat irahat is offline
Member
 
Join Date: Oct 2009
Posts: 59
Feedback: (0)
Default Business Update: US hopes lift Asia

U.S. economic and market optimism boosted Asian shares to a 14-month high Tuesday, while the technology sector awaited results from chip giant Intel.

Some 29 companies in the S and P 500 announce results this week, but eyes are on Intel, the world's biggest chipmaker, for insight into business spending ahead.

In Asia leading flat screen makers Samsung and LG Display also report results shortly, with expectations of a strong third quarter.

In Japan, the Nikkei gained as steelmakers climbed after Goldman Sachs lifted its ratings on JFE Holdings, saying demand was likely to rise next year.

Chinese automakers rallied after Geely Automobile posted record sales in September and SAIC Motor said net profit in the first nine months of the year jumped 70 percent.

China's auto market overtook the U.S. as the world's largest in January and has been a bright spot as the industry struggles to recover from the financial crisis.

Oil edged back from a 7-week high near $73 a barrel ahead of a monthly report from OPEC later on Tuesday.
Reply With Quote




Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


| Business Forum | Toronto Chinese

All times are GMT +9. The time now is 11:30 PM.


All rights reserved. Copyright 2007 Made In China Talk