Most Asian-Pacific stock indices are trading in the green zone today. The Spanish authorities seem to have cut the budget deficit, which is positive news treated as the first step out of the continued eurozone crisis.
The current situation looks as follows:
· MSCI Asia Pacific: +0,1% up to 122,62.
· Hang Seng: +0,31%.
· S&P/ASX 200: +0,17%.
· Shanghai Composite: +1,01%.
· Nikkei 225: +0,86%.
NG and financial stocks are bearish as well:
· JX Holdings Inc.: +1%.
· Japan Petroleum Exploration Co.: +0,3%.
· PetroChina Co.: +0,8%.
· Santos Ltd.: +0,8 %.
· Hong Kong Exchanges & Clearing Ltd.: +1,8%.
· China Construction Bank Corp.: +0,9%.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
