Asian Markets Thursday: Japan Jumps, China Falls on Yuan Concerns
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
December 6, 2007|
Japan posted a second-straight day of strong gains, with the Nikkei 225 index closing up 1.7%. Hong Kong's Hang Seng index was up 0.7%, while China's Shanghai composite index fell 0.2% on the heels of a the yuan's biggest drop against the dollar since China freed it from its dollar peg in 2005. Traders took Wednesday's strong productivity and employment reports (full story) as a sign U.S. recessionary worries may be overblown.
ASIA INDEXES
| INDEX | CHANGE | CLOSE | LOSS/GAIN |
| NIKKEI 225 | +1.7% | 15,874 | +265 |
| HANG SENG | +0.7% | 29,559 | +213 |
|---|---|---|---|
| SHANGHAI COMP. | -0.15% | 5,035 | -8 |
| BSE SENSEX 30 | +1.1% | 19,950 | +212 |
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