Asian Markets Rise as Analysts Are Proven Correct

Posted by John on March 8th, 2020

Markets in Asia have seen a gentle rise near the middle of January 2020 after analysts were proven correct about the GDP growth of China. It seems that investors are hanging on the words of analysts, who are making sustainable growth predictions for China. If you are looking for Asia economic news, here are a few reassuring snippets of information. For more, visit www.asiafundmanagers.com.

China Economy Growth in 2019

The Chinese economy is struggling with the high growth targets of the past years. Even if economic growth of six percent would be astonishing by international standards, this figure represents a setback for China. With tariff reductions and better market access for private companies, the government in Beijing is trying to stimulate economic growth. The focus of the revitalization measures is on the domestic economy. This is intended to offset deficits in foreign trade, especially with the USA.

Japan and South Korea do very well

People looking for Japan economy news need look no further than what happened in mid-January 2020. Japan's Nikkei 225 went up to a 15-month high in mid-January, rising by 0.45% and closing at 24,040+. Topix went up by 0.39% to 1,735. Mitsubishi Motor added 2.47%, Suzuki Motor went up 4.04%, Mazda went up to 5.77%, and Subaru went up by 4.27%. This is bad news for the German and UK car industry, both of which are struggling. In fact, the only threat on the Asian car manufacture's horizon is Tesla, which is a company that is set to become the modern equivalent of Ford, back when Ford used to dominate the car industry.

The Bank of Korea kept its benchmark rate at 1.25%, which was what most people expected. South Korea's Kospi also saw a 15-month high earlier in mid-January 2020, edging its way up by 0.11% and closing at 2,250+. We all know that South Korea economy growth has links with the US economy, and it's fair to say that the big strides the US economy has taken in the last three years is partially why South Korea economyis doing so well.

Services and the industrial sector drive the Singapore economy

Economic development measured by gross domestic product increased by 2.3 percent in 2019. A further improvement of 2.4 percent is expected for the current year. In the Singapore economy, the service sector dominates the economic development of the city state. Industrial production and the manufacturing sector follow at a considerable distance. In an area the size of Hamburg, it is mainly high-tech companies that have settled in Singapore. The country has an excellently trained workforce and is particularly well suited as a location for foreign investment.