Financial News and Economical Crisis

Stock Indexes in Asia-Pacific region are growing on Thursday for the first nine days after the shares of companies whose profits depend on the demand in the United States, after U.S. President Barack Obama called on Congress to pass a series of measures, including new tax breaks and an increase in state spending to support the economy.

As reports Bloomberg, the combined Asia-Pacific stock index MSCI Asia Pacific rose from the opening of trading on 1% - to 119.28 points. Japanese Nikkei 225 added 1.9%, Hong Kong”s Hang Seng - 1,8%, South Korea”s Kospi - 1%.

price of securities of Japanese exporters Sony Corp. and Honda Motor jumped more than 5%, as local media mention improve their profitability and expect profit growth, including through the stabilization of the U.S. market.

Taiwanese Hon Hai Precision Industry Co., the world”s largest electronics manufacturer under license, to increase the capitalization of 3.4% on expectations that one of its major clients - Apple Inc. increase the number of orders in connection with the issuance of a new Tablet PC iPad.

rate securities LG Electronics rose by 3,8%, since, according to Dow Jones, the South Korean company has received orders from Apple screens for iPad.

value of shares of the Japanese electronics maker Canon rose by 2,5%, as the company predicts the largest increase in net profit for a decade. Canon”s net profit in 2010 is likely to increase by 52% - up to 200 billion yen ($ 2.24 billion) due to increased demand for cameras and printers.

Share prices of the world”s largest automaker Toyota Motor Corp. dropped by 0,8%, since the company announced the recall of European cars, following similar action and the suspension of sales of 8 models of cars in the U.S..

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