Asian Markets on the Up as Obama's Inaguration Comes Closer
Many Asian markets have been receiving temporary boosts as the new US President comes into office. Investor are excited about the new economic stimulus plans, that President Obama has enacted, especially the money going into the car industry. Hong Kong was up 0.6%, Tokyo up 0.32%, Shanghai up 1.65%, Seoul up 1.4%.
It is indeed a good thing to see the international markets raising instead of falling. However these market boosts will only be useful in they stay up after the inauguration is over, and after the new president settles into office.
It is indeed a good thing to see the international markets raising instead of falling. However these market boosts will only be useful in they stay up after the inauguration is over, and after the new president settles into office.
posted by A. Schachtner at 12:20 PM
1 Comments:
Honestly, yes these markets are up but there is a possibility that Obama will take kindly to the actions of China or South Korea. These relationships have been, after all, rather weak. The tension between South Korea and North Korea (and the fact that the south has not pressured the north in the way that the Bush administration wanted-- esp. after Rice visited in recent years) has played into this idea. It's something to consider.
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