Asian Market Commentary
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Asian Markets Looking Mixed Again For Monday

The Asian stock markets are expected to open in mixed fashion on Monday, after closing out last week in similar fashion.

Support may be drawn from solid quarterly results from big-name companies such as Microsoft (MSFT), General Electric (GE), and McDonald's (MCD).

Also, German business sentiment improved unexpectedly in April on rising optimism among manufacturers, shrugging of concerns about the debt crisis - although lingering uncertainty about the financial situation in Europe may cap the upside.

The major U.S. averages were mixed on Friday as the NASDAQ slipped 7.11 points or 0.2 percent to finish at 3,000.45, while the Dow rose 65.16 points or 0.5 percent to end at 13,029.26 and the S&P 500 edged up 1.61 points or 0.1 percent to 1,378.53.

The major European markets were higher on Friday. The CAC 40 of France climbed by 0.46 percent and the DAX of Germany gained 1.18 percent. The FTSE 100 of the U.K. rose by 0.48 percent and the SMI of Switzerland closed higher by 0.55 percent.

The Asian bourses were mixed on Friday as Taiwan plummeted 1.52 percent, while South Korea's KOSPI plunged 1.26 percent, Singapore's Straits Times lost 0.45 percent, Japan's Nikkei dropped 0.3 percent and Malaysia shed 0.25 percent.

Moving higher, China's Shanghai Composite jumped 1.19 percent, while Thailand collected 0.78 percent, Indonesia was up 0.4 percent and Hong Kong's Hang Sang added 0.07 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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