BAGS ASIA-PACIFIC -In the wake of Wall Street rise, strong Shanghai – Reuters Italy

       

 INDEX HOURS 8.49% VAR CLOSE. 2014 ASIA-PAC. 494.58 467.23 0.30 1.25 17450.77 19640.54 TOKYO HONG KONG SINGAPORE 3463.57 23605.04 25275.64 0.77 0.31 0.43 9307.26 9641.90 3365.15 TAIWAN SEOUL 0.03 2047.03 1915.59 3950.49 2.24 SHANGHAI COMP SYDNEY 3234.68 5926.00 5411.02 0.46 MUMBAI 28479.36 27499.42 -0.09 April 7 (Reuters) – The bags Asia-Pacific are practically all rising today, in the wake of positive session on Wall Street and as the dollar held after the rebound against the euro and yen. At around 8.50 Italian index MSCI Asia Pacific, which includes Tokyo  (now the Nikkei closed + 1.25%), is rising by 0.30% approximately. The Australian dollar rose sharply after the Reserve Bank of Australia surprised some by keeping the discount rate to 2.25%. But given that the Australian economy is likely to have to cope with the decline in iron ore – the main export product of the country – the central bank, however, left the door open to future actions, explaining that further policy easing might be appropriate. SYDNEY closed at + 0.46%, a decline during each session due to the disappointment of investors because of the lack of action on the cost of money. Chinese markets have touched the highest for seven years, on the eve of the quarterly, after the official news agency Xinhua said that an acceleration of the IPO will not stop the positive trend of stock exchanges. Last week the authorities of the Chinese stock market has approved some 30 IPOs for April, compared to March 24 and February, increasing fears of a possible market  correction due to higher sales of shares. SHANGHAI is rising by more than 2.1%, HONG KONG 0.77%. Prada reverse approximately 1.8%. SEOUL closed almost flat after profit taking on Samsung Electronics and other stocks that have performed well have made the index to fall back from the highs of six months. TAIWAN closed up 1% with purchases scattered ‘throughout the list in view of the festivities. MUMBAI recovered slightly, while remaining negative, after the central bank kept interest rates at 7.5%, deciding to wait until they see more clearly on inflation, given that recent heavy rains have increased the ‘uncertainty about food prices, and to give more time to the banks to absorb the previous two rate cuts already made this year. On the site it.reuters.com news Reuters in Italian. The top news also on www.twitter.com/reuters_italia 

       
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