Asian markets react positively to news about stimulus plan.
Wired PR News – Asian markets reacted well to news pertaining to Japan’s new stimulus plan and Chinese lending on Monday. As reported by the Associated Press (AP), the country’s $150 billion stimulus plan is part of an effort to restore the growth of nations across the globe.
Thomas Lam with the Singapore based United Oversees Bank, is quoted in the report as stating, “We still have a number of hurdles that we’re going to have to jump in the coming weeks, and this could keep the markets somewhat uneasy…But compared to say a month or two ago there is obviously a general sense that fear is receding in the market.”
As noted in the report, the strengthened U.S. dollar in conjunction with the new stimulus measures were shown to have benefit for exporters such as Sony.
Photo Credit: Terence Ong