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.
See more here:
Europe hopes lift Asian markets
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
Covid-19 and food security: can emerging economies mitigate rising prices?
The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.
An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.
More than half of Thailand’s household debt is good debt says Finance Ministry
The COVID-19 situation caused the economy to contract in 2020, raising the level of household debt against gross domestic product...
Will businesses adopt remote working permanently?
Remote working isn’t possible for our business. If that was your opinion, pre-COVID-19, you’ll have realised over the last few...
COVID-19 situation in Thailand as of 8 March 2021
The post Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 8 March 2021, 11.30 Hrs. appeared first on TAT...
ASEAN, France formalise Development Partnership
JAKARTA, 4 MARCH 2021 – ASEAN and France convened the inaugural ASEAN-France Development Partnership Committee (AF-DPC) Meeting via videoconference today, marking...
Expedia and Accor join UNESCO Sustainable Tourism Pledge
Expedia Group, a mega booking platform, and the global hotel company Accor are joining forces to extend their commitment to...
Disrupted by Covid-19, will South-east Asia’s super apps join forces?
– Super apps explore inorganic growth options– Gojek in talks with e-commerce company Tokopedia over $18bn merger– Grab reported to be preparing...
Subscribe via Email
- Economics1 week ago
1.7 million Thais without smartphones register for "Rao Chana" benefits
- Startups1 week ago
Traveloka to launch financial services in Vietnam and Thailand
- United States1 week ago
US pledges to enhance cooperation with Mekong subregion’s countries
- China1 week ago
Mainland China is in no position to take Taiwan by force