Monday, December 15, 2008
Asian Markets Soar
Markets in China and Japan increased 2.5-5% at the end of last week. It is suspected that the increasing possibility of an automaker bailout in the US is the reason the markets went up. No, official statement has been made yet, but hopefully the Asian markets reflect what will happen in the US.
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I just wonder what the failing of the auto industry bailout is going to cause the Asian markets to do. I don't exactly know the workings of the Asian markets but with the possibility of Detroit's big three going under mean that demand for Asian automobiles would increase significantly? Which would mean that the Asian markets would get a big kick?
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