Asian stock markets edge higher as Japan makes progress in battle to contain nuclear crisis

3:48 PM | Labels: , , ,

This news item concerns all of the countries we will visit that have stock markets. The WaPo reports that "Asian markets perked up" today when Hong Kong’s Hang Seng rose 0.5 percent to 24,279.15 and Japan’s Nikkei 225 rose to 9,617.34.


Even though Asian stock markets may be recovering overall, individual indices and companies are still suffering decreases in value. For example, Toyota, based in Japan, decreased by 0.2 percent in stock value when analysts said the company's credit rating may decrease due to continued suspended car production.


Meanwhile, the Bank of Japan is going to meet for two days this week to see what policies they can enact that will prevent any "easing measures" for their market.


Just because Japan suffered physically from the tsunami, it doesn't mean that other companies--or stock markets--are immune to its fiscal effects. --Philip Volmar

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