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Follow on Google News | Tortola Capital Charts Bumpy Market Performance in Asia, Spots 2009's Winners and LosersNot all Asian countries reported high gains in 2009, say Tortola Capital Analysts. Tortola Capital names this years winners and losers.
By: Tortola Capital Tortola Capital reports on a mixed bag of Market Performance throughout Asia in 2009. While some countries reported high gains, others, such as Japan, are facing over a decade of losses. Japan's markets have suffered their second 'lost decade' in a row. The Nikkei is 44.3% below where it stood at the end of 1999. It is 72.9% below its peak near the end of 1989. However, the benchmark Korea Composite Stock Price Index, or Kospi, rose 49.7%, its best year since 2005. Other countries boast soaring markets but may face future inflation, predict analysts at Tortola Capital. For example, Indonesian stocks rose 87% and India's Sensitive Index, or Sensex, rose 81%, but both countries face the risk of inflation in 2010. The benchmark Shanghai Composite Index hit its low point in October 2008. It rose 80% in 2009, but remains 45.7% below the October 2007 peak. 2010 should be an interesting year for China, and the investment team at Tortola Capital will continue to look for signs of growth across Asia. # # # About Tortola Capital: Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. We individually cater services for each client’s situation, and at Tortola Capital it is our goal to understand, anticipate, and meet each client’s changing financial needs with a comprehensive offering of high-quality products and services. End
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