Asian stocks mixed ahead of US bank 'stress tests'

By
May 5, 2009 10:07

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Asian markets were mixed Tuesday after the previous day's big rally as investors turned cautious ahead of the US government's "stress tests" for the 19 largest American financial companies later this week. Global markets surged Monday amid signs of recovery in China, India and the US, with several Asian markets soaring more than 5 percent. Wall Street also advanced strongly on news of better-than-expected increases in US home sales and construction spending in March. But on Tuesday, investors wanted more assurances before bidding up stocks higher and seemed to be looking for chances to pocket recent gains. US stock index futures were lower and oil prices declined. Hong Kong's benchmark Hang Seng index flitted in and out of positive territory. By midday, it was up 20.75 points, or 0.1 percent, to 16,401.80, after surging 5.5 percent the previous day. Mainland China's benchmark Shanghai Composite Index edged 0.2 percent lower to 2,555.28 by the lunch break, while India's Sensex was down 0.7 percent after jumping 6.4 percent Monday. Australia's main index climbed 0.6 percent to 3,904.8 on the back of higher commodities prices, and Singapore's Straits Times index rose 1.3 percent.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS