Share Market Recommendations about US Dollar and Asian Stocks

U.S. Dollar Index weakened after a November advance that was the biggest in six months, as demand for the safety of the U.S. currency waned before reports that may signal a global manufacturing pickup. The U.S. Dollar Index, which tracks the currency against 10 major counterparts, fell 0.1 percent to 1,019.77 as of 2:15 p.m. in Tokyo after climbing 0.9 percent last month, the most since May.

The rupee rose by 16 paise to 62.28 against the dollar in early trade today at the Interbank Foreign Exchange after the economy grew by a higher-than-expected 4.8 per cent in the September quarter. The market edged higher in early trade as data released by the government after trading hours on Friday, 29 November 2013, showed a recovery in India's GDP growth in Q2 September 2013 from the lowest expansion in four years in Q1 June 2013.

Asian shares kicked off December mixed

•  China's Shanghai Composite index fell 1.65%.
• Hong Kong’s Hang Seng gained 0.74 percent or 176.57 points at 24,057.86.
• Japan’s Nikkei was down 0.18 percent or 28.56 points at 15,633.31.
• Singapore’s Straits Times was up 0.14 percent or 4.54 points at 3,180.89.
• South Korea’s Seoul Composite shed 0.23 percent or 4.76 points at 2,040.11.
• Taiwan’s Taiwan Weighted was up 0.15 percent or 12.24 points at 8,419.07.

 
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