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TOKYO , Sept. 29 (Xinhua) -- Tokyo stocks ended higher Thursday , with the key Nikkei stock index rising 0.99 percent as investors remain hopeful that a vote in Germany later in the day regarding the expansion of a bailout vehicle in the troubled eurozone will yield positive results.The German parliament is expected to approve a plan Thursday that would essentially augment the power of a European bailout fund for debt-plague countries in the eurozone. It will be German Chancellor Angela Merkel's biggest parliamentary votes of her career.Leading economists are saying however that the plan may still fall someway short of what is needed and may be insufficient in countering the current economic downturn un the region and soothing rattled global markets.Most economists think the current rescue fund of euro 440 billion (600 billion U.S. dollars) even with these expand powers is simply not big enough or powerful enough to prevent debt turmoil from spreading across Europe and pummeling the banking sector."Germany's parliament will pass the measure , which is supporting financial equities ," said Kazuyuki Terao, chief investment officer of RCM Japan Ltd. "Still, lingering concern about the economy mean you can't buy stocks sensitive to growth ," he said.Traders here said that local markets got off to a sluggish start due to other bourses closing lower overnight and a notable drop in commodity prices, leading analysts to speculate that the drop in prices reflected concerns about the health of the global economy and fears of a downturn."The decline in commodity markets reflects concerns about global economic conditions ," said Yoshinori Nagano, a senior strategist at Daiwa Asset Management. He added that fears were also growing about a slowdown in China and other emerging markets as well as ongoing trouble in the U.S. and the eurozone. 1 2 1 2Related Topics Articles:
Marie7968 29.11.2011 0 377
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