Asian Stock Markets observe bullish trend

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Asian Stock Markets observe bullish trend

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19 August,2009 03:51 pm

The Asian Stock Markets remained bullish on Wednesday following the news of decline in the profit of Chinese manufacturing sector. The prices of shares fell by 4.3 percent in Shanghai Stock Market. The 7.5pecent decrease in the profit of Chinas industrial organization Maanshan Iron and Steel adversely affected the stock markets. MSCI Index fell by 0.6 percent due to which Japans Nikkei Index fell by 81 and Hong Kongs Hang Seng by 171 points. Indias Sneaks Index came on the surface of 14700 points with a decline of 318 points. Shanghai Stock Markets Index closed at 2785 points with a decrease of 4.3 percent.