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Stock Markets

China rate hike fuels retreat in stock markets

LONDON (AP) — Another rate hike in China and a warning from a leading credit rating agency that Portugal may need another financial bailout sent stocks sharply lower on Wednesday.
Stocks were already lower when the People’s Bank of China announced it was raising its benchmark rate for one-year loans by 0.25 [...]

Read More » No commentJuly 6, 2011

Asian shares climb on Wall Street optimism

TOKYO – Asian shares rose in early trading Tuesday after bullish earnings results sent Wall Street higher.
Japan’s Nikkei 225 stock average added 1 percent to 10,443.11 as the Bank of Japan wrapped up a two-day policy board meeting. The central bank is expected to leave its key interest rate unchanged at effectively [...]

Read More » No commentJanuary 25, 2011

Asian shares begin week in positive territory

TOKYO – Asian shares were mostly higher Monday, with Japan’s key index snapping a two-day losing streak as investors hunted for bargains and looked ahead to corporate earnings.
The Nikkei 225 stock market added 0.4 percent to 10,313.16.
Honda Motor Co. led the country’s top three automakers higher after a ratings upgrade from Nomura [...]

Read More » No commentJanuary 25, 2011

Asian shares rise slightly as Nikkei turns higher

TOKYO – Most Asian shares rose slightly Tuesday, with markets stuck in a tight range ahead of the reopening of U.S. financial markets.
Japan’s Nikkei 225 stock average added 0.2 percent to 10,521.27 after opening the session lower.
Automakers including Toyota Motor Corp. and Nissan Motor Co. advanced. Elpida Memory Inc., Japan’s biggest semiconductor maker, jumped 2.6 [...]

Read More » No commentJanuary 18, 2011

Asian shares mixed after China central bank move

TOKYO – Asian shares were mixed Monday as investors digested the latest move by China to control interest rates.
China’s central bank on Friday raised the amount of money banks must keep on reserve for the seventh time in a year. It ordered state-owned banks to set aside an additional 0.5 percent of deposits as reserves, [...]

Read More » No commentJanuary 17, 2011

Wall St Action to Impact ASEAN Market Open‏

ASEAN Markets will suffer a sharp decline at open after a series of bad events on Wall St, a surging dollar and a mortgage foreclosure crisis sparked by the Obama Administration, who managed to yet again undermine the rights of private enterprize for the sake of votes.
The Dow Jones industrial average was down 165.14 points, [...]

Read More » No commentOctober 25, 2010

ASEAN Exchanges to Rally‏

ASEAN Shares will rebound strongly today after the USA surprised the market with a rally over night.
Banks rebounded on Citigroup earnings as we predicted yesterday and for those who bought in ASEAN today there will be a fast return.
PTT is a stand out buy given its fall today and the speed at which the company [...]

Read More » No commentOctober 19, 2010

What to Own in ASEAN this Week‏

ASEAN Exchanges are at all time highs and this week will see them focused on Wall St News and the Currency War between the USA and China.
If you are buying in ASEAN this week stick to quality stocks that still have room for growth.
ASEAN Best Buys PTT,
PTT
PTT Plc, Thailand’s largest oil conglomerate, will speed up [...]

Read More » No commentOctober 19, 2010

Weekly Summary Of ASEAN Markets‏

In Kuala Lumpur the Bursa Malaysia eased 0.04% to close at 1496.38 points, reversing earlier gains on profit taking in selected blue chips such as CIMB and Genting.
Most Active stocks include TIMECOM, JCY, TA, GPACKET-WA, CIMB, MALTON, TIME, JOTECH, MULPHA and SCOMI.
Trading volume increased to 1274.42 mil shares worth RM2041.57 mil as compared to Wednesday’s [...]

Read More » No commentOctober 16, 2010

ASEAN Stocks to Fall on Currency and Recovery Issues‏

A series of poor economic results in the USA and the ongoing battle over currency values will see the ASEAN markets open lower today.
In Kuala Lumpur the Bursa Malaysia eased 0.04% to close at 1496.38 points, reversing earlier gains on profit taking in selected stocks such as CIMB and Genting.
Most Active stocks include TIMECOM, JCY, [...]

Read More » No commentOctober 15, 2010