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April 28, 2006
Japan, Korea equities weigh heavy, Fri., Apr. 28, 2006, 7:48 AM
As the $USD drops, U.S. exporters benefit. The flip side is that export trade competitors in Japan and Korea suffer (and U.S. importers do as well). This has been a tough few days for the export-heavy equities markets of Japan and South Korea.
The Nikkei 225 of Japan has dropped -290 points this week (about -1.7 pct), and -450 points since April 7. Today with the breakdown yesterday in the $USD, the Nikkei fell -1.22 pct.
And, the KOSPI of South Korea dropped -2.3 pct today.
Posted by Posted by Bill Cara on April 28, 2006 07:48:17 AM | Category: Forex , Japan
Bill,
I have a question with respect to the lower USD and the increase revenue reported by multinationals. According to GAAP adjustments are required, however is there any reason to believe they are not?
Posted by: stocktrader ll![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
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April 28, 2006 7:59 AM [link]