Asian markets were boosted Wednesday on increased confidence in the eurozone after Moody’s held off cutting Spain’s credit rating, while Madrid looked to move closer to asking for a bailout.
A successful bond auction for Greece added to the sense of optimism, while the euro maintained its gains seen in late trade Tuesday as investors sought out riskier assets.
Tokyo jumped 1.21 percent, or 105.24 points, to 8,806.55, Sydney added 0.82 percent, or 36.7 points, to 4,528.2 and Seoul was 0.70 percent higher, adding 13.61 points to 1,955.15.
Hong Kong rose 0.99 percent, or 209.57 points, to 21,416.64 and Shanghai was up 0.32 percent, or 6.81 points, at 2,105.62.
Moody’s gave debt-addled Spain some much-needed room on Tuesday when it held the country’s rating at Baa3, one notch above “junk”, citing the European Central Bank’s willingness to buy government bonds to stabilise its borrowing rate.
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Europe hopes lift Asian markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
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