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October 13, 2008

After plans put in place, the economy is a little better

Filed under: by t_robfr at 4:43 am

Today, the market in Asia shows an economy a little better but still to be watched carefully. Indeed, this result has been possible by the actions put in place by the majority of governments and big bank companies to fight against this worldwide crisis.
After the important krach from the last week, majority of the Asian market have started a good day except in Shangai. At Hong Kong, the increase went up from 2.4% to 0.65%. Singapore around 1.75%, Seoul at 3.6%, Manila at 2.2%, Sydney at 4.8% and Welllington at 0.93%.
From an interview by Bill Bishop, analyst at ABN Amro Morgan agency, he said that it was the first strong move on which the market can hold and it can provide us a little reliance. Hope that the market will go on this way and end this crisis not quickly may be but safely !!!


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