It was good to see quite a few Asian stocks climb yesterday taking the Australian and the Hong Kong Indexes to reach record closes yesterday with the Australian S&P/ASX 200 Index rose 0.6 percent and Hang Seng Index gained 0.7 percent . The other Indexes which rose were the Kospi in South Korea, Japanese Nikkei ,
The reason for the rise in these stocks in Indexes was the gains made by metals that is zinc and copper . It is expected that next year growth is going to happen globally and demand is driving the commodities market to a large extent.
I feel that even thought the stocks are doing good due to good commodities market , when currencies especially Yen doing great against the dollar may take the Indexes down, like today morning when the Nikkei dropped 0.4 percent with a stronger Yen .
The reason for the rise in these stocks in Indexes was the gains made by metals that is zinc and copper . It is expected that next year growth is going to happen globally and demand is driving the commodities market to a large extent.
I feel that even thought the stocks are doing good due to good commodities market , when currencies especially Yen doing great against the dollar may take the Indexes down, like today morning when the Nikkei dropped 0.4 percent with a stronger Yen .
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