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Monday, December 26, 2011

Asian Markets Update - 12/26/11

The Nikkei Stock Average climbed 1% to 8479.34 as trading resumed following a holiday for the Emperor's birthday on Friday, a day when global equity markets rallied. U.S. stocks rose as Congress approved a tax-cut extension and orders for durable goods increased in November.

India's Sensitive Index climbed 1.5%, to 15970.75, but other markets ended lower in thin trading volumes. China's Shanghai Composite dropped 0.7% to 2190.11. The index has fallen more than 22% so far this year, including a loss in excess of 6% just this month, in response to fear the euro zone's debt troubles and a monetary policy that is still restrictive would affect the nation's output.

Elsewhere, South Korea's Kospi shed 0.6% to 1856.70 and Taiwan's Taiex gave up 0.3% to 7092.58.

Stock markets in Hong Kong, Australia and Singapore were among those closed for holidays. 
 
Take a look Stock Market Futures Dow Jones, NASDAQ, S & P Futures 12/27/11

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