Bangkok (AP) - the stock market in Asia registered relief Wednesday's stop number automatically increase the tax and spending cuts of the decline is the world's largest economies into recession, may in the billions of dollars in the United States congress to vote.
In Australia and Hong Kong's benchmark reap as one has sown in the first business day of the year, in the United States congress passed an emergency measures, in order to avoid too much influence, tax and consumption change, so high, they are called "money cliff." Asian markets decline on Monday, worry about measures of negotiations might collapse.
Economists warn that may need to raise taxes and cut costs to the U.S. economy a big, some experts predict, the financial market will sharply, unless a specific agreements.
On the contrary, the blessings of the Asian market, instant gratification no overall plan for a fundamental transformation measures, in Washington on Tuesday night approval back to deal with some of the "fiscal cliff" effect. The United States congress passed the bill is waiting for President Obama's signature.
Hong Kong's hang seng index rose 2.1% to 23123.95 point, since on June 3, 2011, the highest level since the dish. Australia's S&P/ASX 200 index rose 1.2% to close at 4705.90 point, complete 19 months. South Korea's Kospi index rose 1.6% to 2028.88 point.
"This morning people are at ease, because the United States is very possible to solve their own problems, in the next few days, therefore, Hong Kong investors are very optimistic," Jackson Wong, said in Hong Kong and seasonable Kingston securities vice President.
But some analysts say the expected compromise is so low, any transaction is considered to be positive.
He said: "in the business leaders, I would say, the agreement is not enough confidence, will needle. May improve consumer confidence a bit, investors apparently celebrated the preliminary agreement, but do you know how to short, can become investor confidence," said BMO group chief investment officer jack abreu, Lin.
In Singapore, Taiwan, India, the Philippines, Thailand and Indonesia's benchmark post solid earnings. In Japan and mainland China market to Friday.
The result of the negotiation of the uncertainty of the stock market down the region on Monday, 2012 years of the last trading day.
Australia's S&P/ASX 200 index fell 0.5%, to close at 4648.90 point, because investors sell shares to lock in a profit. Hong Kong's hang seng index closed down slightly. Singapore, New Zealand and India also declined. Japan and South Korea have closed.
The bill, congress approved to request a higher tax revenue more than $400000 and $450000 individual couple, Mr Obama's victory. These payments will be levied on the rate of return of 39.6% from the current 35%. It also delayed two months 10.9 billion dollars worth of comprehensive board cut costs, is starting to affect the pentagon and domestic institutions.
Lorraine talk, director in the s&p equity research in Singapore, said she think America's growth in 2013 will be able to make up for the tax increase and the impact of the company will be more freedom to spend at present, the United States has taken a step back in the edge of the cliff.
The company "to act, and any expansion plan, they may have," tan said. "You will see some pent-up consumption in 2013, and I think relief related, there are many."
Even if Washington round fiscal cliff, the crisis will come, in the end of February or early March 164, when the government $00 billion on the ceiling of the amount, it can borrow.
Republicans say they will not go to match the increase, increasing government borrowing limit, unless through spending cuts to help against the long-term debt. If you don't improve the debt ceiling, may lead to one of the first American by default, can stir financial markets and moved the global confidence.
"Republicans swear don't improve the restriction, and deep cuts in spending, Obama has vowed to cut costs without prior plus tax. Two months have calculation, waffles/get seasick market? It certainly seems to be so," analysts in DBS bank co., LTD., Singapore said, in the market review.
Us stocks Monday impact high faith, congress will work out an agreement. The dow Jones industrial average index rose 1.3% to 13104.14. Standard &poor's 500 index rose 1.7% to 1426.19. The nasdaq composite index rose 2% to 3019.51.
Political deadlock has been at daggers drawn the United States market, and shaking consumer and business confidence in the past two years.
Be over 2011 years to raise the federal debt ceiling deadlock, lawmakers agreed to January 1, 2013, the deadline to reach an agreement on revenue and spending. If no agreement, more than $50 billion tax increase would hit the economy in 2013 alone, for $10.9 billion cuts from military and domestic consumption plan - therefore, fiscal cliff.



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