Let’s have a Glance at Asian Market

The Asian Shares closed at a lower level since the Wall Street plunged overnight on concerns that the rising inflation in the United States could prompt the Federal Reserve to tighten the credit. Tokyo shares finished slightly lower on late bargain-hunting which has upset most of the losses in the early trade. The key Nikkei index had fallen by as much as 168.98 points or 1.0 point, this morning another spike in US Treasury bond yields sent the Dow Jones Industrial Average down 129.95 points to close at 13,295.01.

On the other hand the Chinese shares rose and made the yen further weak prompting the investors to actively hunt for bargains.
The blue-chip Nikkei 225 Stock Average closed down 28.14 points to 17,591.93.

Hong Kong shares were weaker yesterday in afternoon trade following steep fall on Wall Street overnight. The Hang Seng Index was down 47.99 points at 20,588.40.

Toyota Motor Corp. and Samsung Electronics Co. were rocking as the Fed's comments damped speculation that the U.S. will raise the interest rates. And one more good news is that as the metals and crude oil prices climbed high, the BHP Billiton Ltd, the world's biggest mining company and Australia's biggest oil producer, surged 3.9 percent to A$34.07 making it a record high.

In my opinion the Asian shares will not be at a lower level because it is anticipated that the Wall Street may not plunge today as it did yesterday. The Wall Street has been doing well from past many days and unless other wise it is expected to do well.

So that’s the latest news from Asian Market. Let’s meet tomorrow with updated news.