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Tortola Capital Reports Asian Markets Weak Amid Speculation over U.S. Economic Performance

The Asian stock markets performed poorly as investors awaited an indication of the performance of major U.S. companies, reports the Tortola Capital Investment team.

 
PRLog - Jan. 27, 2010 - The Asian stock markets performed poorly as investors awaited an indication of the performance of major U.S. companies, reports the Tortola Capital Investment team. In Tokyo, the Nikkei 225 stock average dropped 36.30 points to 10,818.78, amid speculation that Japan Airlines would file for bankruptcy protection Tuesday. This concludes many months of conjecture about the airlines’ fate.

Analysts from Tortola Capital report that Hong Kong's Hang Seng also fell, losing 36.52 points, or 0.2 percent, to 21,422.05. Markets in Taiwan and Singapore also fell, but South Korea's market was up 3.43 points, or 0.2 percent, to 1,715.21. China’s market also beat the trend, and rose 0.3% to 3,246.87.

Quarterly reports from banking giants like Citigroup Inc. and Wells Fargo are due this week, and once they are released we can expect the Asian markets to adjust, reports Henry Marshall, CEO of Tortola Capital. Weak market performances are also due to higher oil prices in Asia, he explains. Crude oil for February delivery climbed 36 cents to $78.36 a barrel this week.

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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.

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Contact Email:
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Source:Tortola Capital
City/Town:Road Town - Ballast Bay, Tortola - Virgin Islands, British
Industry:Business, Finance
Tags:tortola capital, investing, Asia
Last Updated:Jul 13, 2010
Shortcut:prlog.org/10507812
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