Market Report- Mixed Holiday Trade
CHAN:
Asian shares saw mild bargain-hunting today, although most regional trading centers were closed for the market holiday.
Japanese car and auto parts makers like Toyota recovered some early week losses, in part tied to a forecast of the first loss ever for the world's No.1.
Honda and Nissan also gained, but few industry-watchers expect global auto sales to pick up anytime soon.
Taiwan shares edged lower, with focus on a report the government may take steps to support the struggling LCD industry.
After a sharp tumble in the wake of dismal U.S. economic data, the dollar held steady against the yen, with investors awaiting Japanese jobless, inflation and output numbers on Friday.
Japanese companies are cutting production and staff due to a fall in overseas demand, and analysts expect more grim numbers for the world's No.2 economy, already in recession.
Author: NTDTV
Keywords: ntd ntdtv news
Added: December 26, 2008
|
