{"id":7075,"date":"2010-12-28T03:12:49","date_gmt":"2010-12-28T03:12:49","guid":{"rendered":""},"modified":"2010-12-28T03:12:36","modified_gmt":"2010-12-28T03:12:36","slug":"Asian-Stocks-Fall-on-China-Rate-Concern-Japan-Banks-Rally","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=7075","title":{"rendered":"Asian Stocks Fall on China Rate Concern; Japan Banks Rally"},"content":{"rendered":"

Most Asian stocks fell as concern mounted that China\u2019s interest rate increase won\u2019t be enough to slow inflation, overshadowing gains by Japanese banks after Mizuho Financial Group Inc. said it won\u2019t need more capital.<\/p>\n

In Hong Kong, China Resources Land Ltd., a state-controlled developer, dropped 1.7 percent as the market resumed trade following a three-day break for Christmas. Belle International Holdings Ltd., China\u2019s largest retailer of women\u2019s shoes, fell 3.8 percent. Mizuho, Japan\u2019s third-biggest bank by market value, gained 1.3 percent after the lender said it won\u2019t need to sell more shares in order to meet Basel Committee on Banking Supervision capital requirements.<\/p>\n

<\/strong>\u201cThe global economy is recovering, but as a backdrop there\u2019s the China overheating concern because it\u2019s still unable to be controlled,\u201d <\/strong>said Danny Yan, a Hong Kong-based fund manager at Haitong International Asset Management, which oversees about $400 million. \u201cI don\u2019t think the banking sector has a big downside. People are looking towards their profitability now.\u201d<\/p>\n

The MSCI Asia Pacific Index climbed 0.3 percent to 135.9 as of 7:25 p.m. in Tokyo as gains by Japanese banks outweighed declines by developers and energy companies in Shanghai and Hong Kong. About four stocks fell for every three that gained on the 1,018 member gauge. The index is set for its highest close since July 24, 2008.<\/p>\n

SOURCE<\/a>
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Most Asian stocks fell as concern mounted that China\u2019s interest rate increase won\u2019t be enough to slow inflation, overshadowing gains<\/p>\n","protected":false},"author":1213,"featured_media":70681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-7075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks-150x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks-130x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks-150x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg"},"magazineBlocksPostAuthor":{"name":"Joshua","avatar":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"1","magazineBlocksPostExcerpt":"Most Asian stocks fell as concern mounted that China\u2019s interest rate increase won\u2019t be enough to slow inflation, overshadowing gains","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":157,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg",262,193,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks.jpg",262,193,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/asian stocks-150x150.jpg",150,150,true]},"magazine_blocks_author":{"display_name":"Joshua","author_link":"https:\/\/asiancemagazine.com\/?author=1213"},"magazine_blocks_comment":1,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/7075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7075"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/7075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70681"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}