(Bangkok) - The global stock markets Tuesday on a firm footing, signs that China's manufacturing industry began to restore the deepening debt crisis in Europe to provide a respite.
The day before the fall in global markets, soaring borrowing costs of Spain, improve, which will need financial aid, Europe may not be able to bear risk. Moody's to reduce Germany's credit rating outlook from stable to negative impact on the faith in Europe strongest economies and market pressures.
Better Chinese manufacturing data helped the market to find floors, especially in Asia, although the gains were mute and Japan's benchmark yen strength, which hurt its plant exporters lost ground.
HSBC Bank's monthly survey results show that the manufacturer's preliminary results show that the manufacturing contraction eased in July. The combination of the various measures of manufacturing activity Bank purchasing managers' index rose from 48.2 to 49.5. A reading above 50 indicates growth. Individual factory output indicators show that the expansion of production.
HSBC chief China economist Qu Hongbin said the survey shows that Beijing's attempts to stimulate the world's second-largest economy began to work. "This is a call for more easing to support economic growth and employment efforts," he said. Growth more meaningful improvement is expected in the coming months, when these measures fully filter. "
Japan's Nikkei 225 stock price index closed at 8,488.09 down 0.2%, while South Korea's Kospi index rose 0.3 percent to 1,793.93 points.
Hong Kong's Hang Seng index fell 0.8 percent to 18,903.20. Market opening has been delayed until early afternoon, the typhoon brought strong winds and heavy rain in the city, close offices and business downtime.
Australia's S & P / ASX 200 index rose 0.1 percent, to 4,133.20. China's Shanghai Composite Index climbed 0.2 percent to 2,146.59 points. Benchmark in Singapore, the Philippines and Thailand also rose.
The tentative income reflects the unease about the potential long-term debt crisis in Europe.
Early European trading, the French CAC 40 index fell 0.1 percent, at 3,098.25, Germany's DAX Index 6,417.95 little change. UK FTSE 100 index was slightly higher at 5,534.63. Wall Street was essentially flat with the Dow Jones Index Futures, S & P 500 futures fell 0.1 percent to flat open.
DBS Bank, a bank analyst in Singapore said that the crisis may be among the 17 countries using the euro will reach a crunch point as the size of the two-year borrowing costs jump Spain is similar to the 2-year U.S. Treasury yields amazing the growth of the Lehman Brothers collapse in September 2008.
Lehman Brothers to fail, prompting the U.S. government and the Fed's massive intervention to prevent the collapse of the financial system. However, European policy makers have been unable to implement such dramatic steps, in part because of the cost burden of Germany are not willing to support the weak euro countries
"This is a push to become a push, and finally changed the landscape of the euro once and for all, it is likely, said:" The DBS report. "What to give and may sooner or later".
Monday the U.S. Dow Jones Industrial Average fell 239 points earlier in the day closed lower at 12,721.46 101.11. Standard & Poor's 500 index fell 12.14 points to 1,350.52. The Nasdaq composite index fell 35.15 points to 2,890.15.
In energy trading, benchmark crude for September delivery rose 18 cents a barrel to $ 88.32 on the New York Mercantile Exchange electronic trading. The contract fell $ 3.69, or 4 percent, to close at $ 88.14 a barrel on Monday in New York.
Euro against the dollar fell slightly to $ 1.211 hitting a two-year low against the yen Monday against the U.S. dollar to its lowest level in nearly 12 years. The dollar fell 0.2 percent to 78.16 yen.



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