Asian Markets Trading in a Positive Territory
The key Asian markets seem to have taken a cue from the US markets and then open for trading on Monday morning, to trade in the positive territory.
The US markets closed in the upbeat territory at the end of last week, around Friday evening after going through losses for three days in a row before Friday the previous week.   Â
Markets in Japan seem to be trading in positive territory. In Tokyo, the Cabinet Office released the economic data connected to the GDP which showed that the Japanese financial system and market had grown at the rate of 3.3% annually during the first quarter of 2007.
This data also revealed that the customer expenditure during this period also went higher by 3.1%. Â
Also, while the Australian and Philippines trading markets are closed for public holiday, the South Korean market is trading in the downbeat territory.Â
The markets in Singapore, New Zealand and Taiwan are also trading in an upbeat and positive territory. The China trading market is dealing in the positive territory too presently, with a growth of over 1.5%.
On the other hand, the Hong Kong trading market is also up by over 0.5%.Â
What is said to be the reason for all these gains in the market is the banking stocks such as those of Mizuho Financial. With the Japanese currency started to weaken against the US Dollar, the exporters and other traders also joined in the convention.
A not so strong Yen would make the Japanese export goods economical and affordable in the worldwide market while simultaneously growing the sales awareness from export sales in terms of Yen. Â