Market Report – Asia Exporters Dip

Asian shares are down on Thursday… and the dollar weakened after the U.S. Federal Reserve vowed to keep rates near zero for some time.

Shares of Asian exporters were hit by regional currencies‘ modest gains, but Nissan Motor edged up. Soaring sales in China has changed Nissan’s annual outlook to a profit from a loss.

A rise in the Korean won hit exporters in Seoul where the KOSPI tumbled despite upbeat economic data. That included including double-digit department store sales growth and a further rise in exports to China last month.

In Australia, Lion Nathan, the country’s second-largest brewer, reported a 13 percent rise in full year profit… thanks to its premium beers.

The beer market remained in good health while its wine business was struggling… hit by the economic slump and a switch to cheaper products.

(NTDTV)