Thursday, June 01, 2006

WSJ- Dependence of Asian markets in US ... Wanna make some money friends

Increasing dependence of Asian Markets. I have some comments on investing in Asian and more or less we can predict the downfall of Asian markets its interesting what you need is to buy and sell shares overnight. If you cant understand what I am talking read below. Still dont shoot me a mail : Vijay Chandran

From WSJ
"The Japanese and Indian stock markets took a battering amid concerns stemming from rising U.S. interest rates. The Tokyo market fell 2.5% to close at a three-month low, while Indian shares sank 3.6%. The declines -- in two countries enjoying healthy growth and strong corporate profits -- show the sensitivity of Asian markets to expectations about U.S. rates and their effects on American consumers and investors.

Last month, the U.S. Federal Reserve raised rates by a quarter of a percentage point for the 16th consecutive meeting, lifting the federal-funds rate to 5%. At the time, the Federal Open Market Committee said 'some further policy firming may yet be needed to address inflation risks." - Japan, India Take a Beating: