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Asian bourses cautious and watch the oil situation in Libya
23/08/2011
Hong Kong - AFP
Asian stock markets witnessed a cautious improvement on Monday after two weeks of sharp fluctuations in world markets because of concerns over growth, while following the oil market situation in Libya, with interest. In Tokyo, the Nikkei index of major shares of 225 companies amounted to 0.19 percent mid-session trading yesterday after it began to decline of 0.37 percent, while the Sydney Futures Exchange recorded an increase of 0.94 percent. The Stock Exchange of Hong Kong, rose 0.43 percent, like Shanghai (0.37 percent). For its part, has regained the Seoul bourse balance after falling more than six percent Friday. Said Yutaka Miura, analyst with Mizuho Securities in Tokyo, "It's a dispute is settled in the financial markets." And wait for the markets is also a speech Federal Reserve Chairman Ben Bernanke speech on Friday, as analyst said the agency "Dow Jones." The stock markets in the world and continued to fall Friday amid concern the strength of the banking sector in Europe and fears of a return of deflation to the United States. As for oil, which dropped its prices since early August because of concerns over growth, He follows with interest the events in Libya, one of major oil-producing countries in the world. In morning trade, the total price of a barrel of light oil (light sweet crude for) $ 83 after rising 82 cents, while the price of a barrel of oil benchmark Brent North Sea 107.03 dollars, an increase of 1.59 dollars. said Victor Shum, an analyst at the consulting firm Borvn Gratz Land in Singapore that events in Libya is the "main news".
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