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070417

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Asia at a Glance

Asian shares close mostly lower on profit taking   Shares across the Asia-Pacific region closed mostly lower on profit taking, although China A-shares continued to rise on strong fund inflows.     Tokyo shares finished lower as investors turned cautious ahead of the start next week of the corporate reporting season for the fiscal year to March.     They said many investors took to the sidelines on the view that trading will be range bound until the results season kicks off in earnest next week, with Wall Street's gains overnight and the yen's continued weakness failing to brighten the market's careful mood.     The blue-chip Nikkei 225 Stock Average closed down 100.85 points or 0.57 pct at 17,527.45, off a low of 17,452.12, reversing the positive trend this morning which saw the index touching a high of 17,782.08.     The TOPIX index of all issues listed on the Tokyo Stock Exchange's first section finished down 9.49 points or 0.55 pct at 1,716.11, off a low of 1,705.91.     The key Nikkei index opened higher, quickly rising to the day's high in the first few minutes of trade in reaction to Wall Street's rise overnight following better-than-expected profits at Citigroup Inc and improved US consumer spending.     But the momentum was not strong and when shares hit firm resistance at just below 17,800 points, profit-taking sent the Nikkei index to close in negative territory, they added.   Music downloads   http://musicbank.blogspot.com/ Australian shares retreated from yesterday's record highs to close lower as investors took profits in a number of blue-chip stocks. Little economic data due in Australia until next week's key first quarter consumer and producer inflation reports, the direction over the rest of the week is likely to come from the US with the key CPI report for the month of March due tonight.     The S&P/ASX 200 closed down 11.2 points or 0.18 pct at 6,186.5, falling from yesterday's record close of 6,197.7 but posting a new intra-day record of 6,237.7.     Hong Kong shares were stronger in afternoon trade, with dealers reporting some early profit taking after gains of over 400 points yesterday.     China Mobile and some mainland financials saw selling pressure but HSBC helped limit the market's losses after news that a Saudi investor has bought a 3.1 pct stake in the bank.     At 3.25 pm the Hang Seng Index had risen 19.09 points or 0.09 pct at 20,776.62.     In mainland China, A-shares in Shanghai and Shenzhen shrugged off early weakness and closed higher on strong fund inflows with property and metal stocks gaining ground. About 90 companies rose by their daily limits of 10 pct.     The Shanghai A-share Index was up 15.76 points or 0.42 pct at 3,796.37 and the Shenzhen A-share Index was up 17.01 points or 1.67 pct at a record 1,036.99.     Seoul shares closed lower, retreating from a record high set in early trade, with investors turning cautious ahead of China's quarterly GDP data and earnings announcements by Intel and other key IT companies. The market opened firmer on Wall Street's overnight advance but lost ground later on institutions' profit-taking, they added.     The KOSPI index closed down 3.38 points or 0.22 pct at 1,528.66, after hitting another record high of 1,538.89. Today's low was 1,524.33.

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07 04 11

Asian shares close mixed, with caution ahead of US data

Asian shares closed mixed, with some markets cautious ahead of the release of US data and earnings reports, while China shares continued to rise on firm buying interest.
   
Tokyo shares ended flat after directionless trading during which investors digested the weaker-than-expected core private-sector machinery orders for February and then began looking ahead to the corporate earnings season here and in the US.
   
The blue-chip Nikkei 225 Stock Average finished 5.38 points or 0.03 pct higher at 17,670.07, off a high of 17,723.39 and a low of 17,618.19. The TOPIX index of all first-section issues ended 3.32 points or 0.19 pct higher at 1,739.01, off a high of 1,743.50 and a low of 1,732.11.
   
The value of core private-sector machinery orders fell a seasonally adjusted 5.2 pct in February from January to 1.04 trln yen. The market had expected a fall of 0.2 pct. Core private-sector machinery orders, which exclude orders from electric utilities and for ships, are considered a leading indicator of corporate capital spending.
   
The machinery orders data, released before the market opened, prompted investors to sell, but some began picking up bargains among stocks sensitive to domestic demand, such as utility and property stocks.
       
Australian shares closed flat as late profit taking outweighed positive investor sentiment following recent merger and acquisition activity and the boost to the resources sector from ongoing rises in base metal markets.
       
The S&P/ASX 200 closed down 1.6 points or just 0.03 pct at 6,151.4, off yesterday's record close of 6,153.0. The key index closed off a fresh intra-day record of 6,176.9.
   
Hong Kong shares were stronger in afternoon trade, turning around mild profit-taking in the morning. Investors were cautious ahead of the release of US Federal Reserve minutes tonight and key US inflation data in the coming days. At 3.25 pm the Hang Seng Index was up 78.89 points or 0.39 pct at 20,426.76.
   
In mainland China, A-shares in Shanghai and Shenzhen closed higher on continuing firm buying interest, with banking stocks and steelmakers gaining ground.
   
The Shanghai A-share Index was up 54.06 points or 1.49 pct to 3,674.37 and the Shenzhen A-share Index was up 10.62 points or 1.11 pct at 971.39, a new record.
   
Seoul shares closed higher, with foreign investors actively buying large cap IT stocks following overnight gains on Wall Street, catapulting the main index to a new record high.
   
The strong foreign interest effectively offset profit-taking following recent sustained gains and caution ahead of the Bank of Korea's rate decision and expiry of options tomorrow.
   
North Korea's reported plan to start shutting down its main nuclear reactor within 30 days also helped sentiment, although it misses Saturday's deadline. Gains were broad, with large cap IT stocks, builders and brokerages among the most sought.
   
The KOSPI index closed up 14.26 points or 0.95 pct at 1,513.42, after moving between 1,507.57 and 1,519.31.

 

07 04 10

Asian shares close mixed on profit taking, post-holiday buying
 
Shares across the Asia-Pacific region closed mixed, with Tokyo and Seoul succumbing to profit taking but Australia and Hong Kong rising on pent-up demand as they reopened after the Easter break, dealers said.

Tokyo shares finished lower after investors took profits on yesterday's gains, with the slightly firmer yen weighing on exporters, dealers said.

Investors were cautious while they waited to hear what Bank of Japan governor Toshihiko Fukui had to say after the central bank left its overnight call rate target unchanged at 0.5 pct for the second straight month, as widely expected.

The blue-chip Nikkei 225 Stock Average finished 79.07 points or 0.45 pct lower at 17,664.69, off a low of 17,613.15.

The TOPIX index of all first-section issues ended 2.41 points or 0.14 pct lower at 1,735.69, off a low of 1,727.91.

Australian shares closed at fresh records following the extended Easter holiday, with investors buoyed by the merger and acquisition activity surrounding some of Australia's biggest companies, dealers said.

They said firmer metals prices in Chinese trading today and yesterday boosted the resource sector and gave additional support to the already positive sentiment in the wider market.

The S&P/ASX 200 closed up 75.9 points or 1.25 pct at a record 6,153.0, beating last Wednesday's previous record of 6,097.2. The key index closed off a fresh intra-day record of 6,155.2.

The All Ordinaries index rose 72.1 points or 1.19 pct to a record 6,136.1, its high for the day and surpassing Wednesday's record level of 6,079.0.

Hong Kong shares were higher in afternoon trade on pent-up demand for blue chips and China stocks following the market's five-day break, dealers said.

Investors were encouraged by the strong performance of markets in China and elsewhere in the last few days and news of good sales of apartments in Hong  Kong over the long holiday, they said.

At 3.30 pm the Hang Seng Index was up 164.39 points or 0.81 pct at 20,374.10.

In mainland China, A-shares in Shanghai and Shenzhen shrugged off early weak trading and closed higher on strong money inflows, with steelmakers and financial stocks in demand, dealers said.

The Shanghai A-share Index was up 47.89 points or 1.34 pct to 3,620.30 and the Shenzhen A-share Index was up 11.67 points or 1.23 pct at 960.77, another fresh record.

Seoul shares closed slightly lower on quick profit taking by institutions, retreating from another record high set in early trade, as investors await the US FOMC minutes, the Bank of Korea's rate decision and options expiry this week, dealers said.

The retreat was fairly limited, however, by retail investors buying on hopes that local companies will issue positive earnings guidance for the rest of the year, they added.

The KOSPI index closed down 1.90 points or 0.13 pct at 1,499.16, off a high of 1,502.34 and a low of 1,492.35.

 

07 04 03

Shares across the Asia-Pacific region closed higher as corporate activity fuelled interest, with Tokyo rising on a weaker yen and a technical bounce.
   
Tokyo shares finished up, recovering on technical factors after yesterday's fall, with the softer yen further boosting buying interest, dealers said.
   
The blue-chip Nikkei 225 Stock Average closed up 215.64 points or 1.27 pct at 17,244.05, off a high of 17,279.73. The TOPIX index of all first-section issues closed 21.83 points or 1.3 pct higher at 1,704.32, off a high of 1,707.10.
   
"The market rebounded from yesterday's dip and the softer yen, which hovered at the 118 yen level against the dollar, also supported market sentiment," said Fumiyuki Nakanishi, chief strategist at SMBC Friend Securities. He added that gains were also supported by foreign investors' participation.
   
But Nakanishi said the rebound looks weak considering that the Nikkei-225 was trading between 17,500 and 18,000 points before the end-February global market sell-off. "The market has not found its direction yet," he said.
       
Australian shares finished sharply higher as investors sought bargains following yesterday's sell-off, which arose from raised inflationary concerns. Buying action was prominent in the major banks and miners, while merger and acquisition activity continues to support media and retail stocks.
   
Dealers said tomorrow's Reserve Bank of Australia's interest rate announcement at 9:30 am Sydney time should determine trading into the shortened week, with a 25 basis point interest rate hike an each-way bet. The S&P/ASX 200 closed up 97.6 points or 1.65 pct at the day's high of 6,013.4.
   
Hong Kong shares were higher in afternoon trade, buoyed by the rise in Tokyo shares and with blue chips attracting interest. At 3.30 pm the Hang Seng Index was up 152.03 points or 0.77 pct at 19,961.73.
   
In mainland China, A-shares in Shanghai and Shenzhen closed higher on strong fund inflows with property and machinery stocks gaining ground. The Shanghai A share Index was up 40.73 points or 1.19 pct at 3,459.46 and the Shenzhen A-share Index was up 11.69 points or 1.33 pct at 893.57, a fresh record high.
   
Seoul shares ended slightly higher with foreign investors focusing on Samsung Electronics and Hynix ahead of the corporate earnings season starting next week. Although chipmakers are expected to report weak numbers for the first quarter, investors are betting on a recovery in global IT demand in the second half.
   
Initial sentiment was buoyed by Wall Street's overnight advance but the market failed to move closer to its historic high of 1,471 points. The KOSPI index closed up 4.22 points or 0.29 pct at 1,463.75, off a low of 1,452.56 and a high of 1,464.48.

 

now that US has for the first time in 20yrs going to impose trade tariff against China.. things are now going to be different....???

 

bsiong posting ... could only mean its still bearish!

 

Shares across the Asia-Pacific region closed mixed with Tokyo shares flat as investors remained cautious about the outlook for the US economy in general and Wall Street in particular and its effect on Japan.
   
The main Tokyo indices rose slightly in the morning on gains in US stocks overnight and a softer yen heartened investors, but the gains were eroded as investors locked-in profits in readiness for the books closing at the end of the fiscal year tomorrow.
   
The blue-chip Nikkei 225 Stock Average finished 23.71 points or 0.14 pct higher at 17,287.65, off a high of 17,380.80. Over the week, the Nikkei 225 gained 192.96 points or 1.1 pct. The TOPIX index of all first-section issues closed 2.93 points or 0.17 pct higher at 1,713.61, off a high of 1,726.35.
   
Dealers said trading was thin as the weekend and the end of the fiscal year approached, especially in view of the uncertainty about the outlook for the US economy.
   
Australian shares closed higher with investor sentiment buoyed by M&A activity within the media and energy sectors, while quarter-end squaring within the futures market added extra upside momentum.
   
Media stocks gained additional support after the federal government announced overnight that its relaxation of cross-ownership and foreign restrictions rules within the sector would be bought forward to early April from the middle of the year.
   
The S&P/ASX 200 closed up 34.1 points or 0.57 pct at 5,995.0 after trading between 5,998.9 and 5,968.1.
   
Hong Kong shares were lower in afternoon trade on profit-taking following yesterday's strong technical rebound. At 3.30 pm the Hang Seng Index was down 57.64 points or 0.29 pct at 19,764.14.
   
In mainland China, A-shares in Shanghai and Shenzhen closed mixed with the Shanghai market weighed down by profit-taking in banks while Shenzhen rose on interest in steelmakers.
   
The Shanghai A-share Index was down 14.47 points or 0.43 pct at 3,346.35 and the Shenzhen A-share Index was up 5.46 points or 0.64 pct at 861.78.
   
Seoul shares closed slightly higher but off their high for the day, with institutional investors playing it safe and selling ahead of the weekend and upcoming corporate earnings releases. The market, mirroring Wall Street's gains, got off to a firm start, with the index approaching 1,460 points at one stage, but the early interest weakened in late trade.
   
The KOSPI index closed up 1.60 points or 0.11 pct at 1,452.55, after moving between 1,447.85 and 1,459.69. It ended the week with a gain of 5.17 points or 0.36 pct. The market is expected to move sideways next week as investors await earnings releases by major local firms due in the second week of April.

 

India Market Today on the Sensex

Source: The Economic Times Market firm; FMCG, IT stocks recover Market bounced back in late trade on Thursday. Volatility was a significant feature with the markets dancing on F&O as well as global cues. Much of the spurt may have been on account of short covering in the derivatives segment, since the March 2007 contracts expired today. Buying interest was seen in the FMCG, capital goods and IT stocks Sensex ended 95.32 points up at 12,979.66 and Nifty was up 37 points at 3,798.10. After a weak opening, market traded flat amidst volatility. In late afternoon, market showed signs of recovery as the Sensex neared the 13,000 mark. Sensex attained an intra-day high of 13, 004.40. Its low for the day was at 12,832.69. The market-breadth was strong throughout the day. Buying spread over to small-cap as well as mid-cap stocks. On BSE, against 1,585 scrips advancing, only 924 declined. A total of 80 scrips also remained unchanged. The NSE cash turnover stands at Rs 10057.08 crore, the BSE cash turnover stands at Rs 3676.51 crore, and the total turnover for the day stands at Rs 64695.09 crore. Among the 30-Sensex pack, 22 advanced while the rest declined. In NSE, there were 631 advances and 401 declines.

 

HongKong HangSeng 5-y chart

 

Nikkei 225 5-y chart

 

Asian shares close mostly higher despite Bernanke comments

Shares across the Asia-Pacific region closed mostly higher as other factors overtook bearish comments by Federal Reserve chairman Ben Bernanke overnight.
   
Tokyo shares were flat after gains in the Shanghai market helped Japanese stocks recover from a morning sell-off sparked by fears about inflation in the US and the firmer yen.
   
The blue-chip Nikkei 225 stock average dropped more than 200 points to as low as 17,036.22 in morning trading, after Bernanke said overnight that core inflation in the US remained "uncomfortably high."
   
But the Nikkei closed 9.21 points or 0.05 pct higher at 17,263.94, off a high of 17,350.88. The TOPIX index of all first-section issues finished down 0.38 point or 0.02 pct at 1,710.68, off a low of 1,687.83.
   
In China, the benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed at a new record high.
   
Despite the encouraging performance of Shanghai shares, investors mainly kept to the sidelines, remaining wary of the outlook for the US economy.
    
Australian shares ended up as investors followed the lead of large funds who were seen as squaring positions in the futures market ahead of the March quarter-end tomorrow. Investor sentiment ignored the mixed overnight commentary from Ben Bernanke which led to a sell-off on Wall Street. The S&P/ASX 200 closed up 37.7 points or 0.64 pct at the day's high of 5,960.9.
   
Hong Kong stocks were sharply higher in afternoon trade on a technical rebound after falls over the last two days. Trade was volatile ahead of the settlement of March futures contracts later in the day. At 3.30 pm the Hang Seng Index had risen 278.27 points or 1.42 pct to 19,832.14.
   
In mainland China, A-shares in Shanghai and Shenzhen closed mixed with the Shanghai market boosted by institutional buying of heavyweight banks, while Shenzhen fell on profit-taking. The Shanghai A-share Index was up 26.25 points or 0.79 pct at 3,360.82 while the Shenzhen A-share Index was down 16.41 points or 1.88 pct at 856.32.
   
Seoul shares finished higher, reclaiming the 1,450 point mark, with sentiment boosted by strong program buying combined with firmer Asian markets. A weaker Wall Street and caution ahead of corporate earnings releases due next month initially weighed on the market but it recouped its losses toward the close.
   
Investors also shrugged off lackluster industrial output data for February, with the fewer working days in the month due to the Lunar New Year blamed for the results. Industrial output contracted 0.4 pct year-on-year in February, a sharp reverse from the 7.5 pct growth posted in January and the market consensus of a 2.8-3.2 pct rise.
   
The KOSPI index closed up 11.21 points or 0.78 pct at 1,450.95, after moving between 1,432.80 and 1,453.11.

 

Shares across the Asia-Pacific region closed higher on Wall Street's gains on Friday after the release of positive housing data in the US, although trade was rangebound in some markets as investors sought more leads.
   
Tokyo shares closed little changed after a lackluster session during which most investors stayed on the sidelines, awaiting the release of important economic data here and in the US. Investors were cautious about pushing share prices any higher after the benchmark index closed in positive territory after four straight sessions until Friday of last week.
   
The blue-chip Nikkei 225 Stock Average closed 41.35 points or 0.24 pct higher at 17,521.96, off a high of 17,558.04. The TOPIX index of all first-section issues was down 0.57 point at 1,741.37, off a low of 1,732.07.
   
A trader at a European asset management firm said: "The Nikkei has now recovered half of the loss it incurred during a tumble from the February 26 high of 18,300 to the March 5 low of 16,532, and investors are looking for convincing signs that the market is heading for a sustainable advance."
   
The trader said he expected investors to stay focused on corporate earnings announcements, which begin in the middle of next month, if the results of the Bank of Japan's latest quarterly Tankan survey of business sentiment, due out next week, failed to give them new leads.
   
Australian shares ended higher with investor sentiment buoyed by Wall Street's gains on the housing data, dealers said. Local stocks were also boosted by M&A activity and a rise in leading miners.
   
The S&P/ASX 200 closed up 38.4 points or 0.65 pct at 5,990.7 after trading between 5,992.0 and 5,957.9.
   
Hong Hong shares were stronger in afternoon trade on buying activity linked to the expiry of March futures contracts later this week. Wall Street's significant gains last week supported sentiment, while property stocks were lifted by news of strong apartment sales over the weekend. At 3.25 pm the Hang Seng Index was up 21.47 points or 0.11 pct at 19,714.11.
   
In mainland China, A-shares in Shanghai and Shenzhen closed broadly higher on continued money inflows with telecom issues, tourism stocks and automakers leading the gains. The Shanghai A-share Index was up 51.17 points or 1.58 pct at 3,281.44 and the Shenzhen A-share Index was up 17.63 points or 2.07 pct at 870.79, a new record.
   
Seoul shares finished slightly higher, with investors waiting for key economic data due both at home and abroad this week and the corporate earnings season starting next week.
   
Initial sentiment was lifted by easing concerns over a US housing market slump after a surprise surge in home sales but the market soon lost direction and traded amid a lack of fresh momentum. The KOSPI index closed up 2.39 points or 0.17 pct at 1,449.77, off a low of 1,444.25 and a high of 1,455.51.

 

BEIJING (XFN-ASIA) - Intel has confirmed that it will invest 2.5 bln usd to
build a 300 mm wafer fab plant in northeast China's Dalian.
    Construction on the fab, known as fab 68, is scheduled to begin later this
year, with production expected to begin in the first half of 2010, Intel chief
executive Paul Otellini told reporters in Beijing.
    Initial production will be dedicated to chipsets, he said.
    Intel already has major assembly and test operations in Shanghai and
Chengdu, in the country's southwest.
    The new Dalian plant will bring Intel's total investment in China to just
under four bln usd, Otellini said.
    joshua.lipes@xinhuafinance.com

 

Coffee break news ...

 

 

If there's really "bull and bear" fights, I am sure it will be more interesting than what we see in the stock market... and without the big losses.

 

hahaha...

the stock market is nothing but just bulls and bears... :)

better go to a casino... more interesting plays there.

 

Oh no!!!! .... bsiong has posted again and he posts only when the bear is around.... this means that market will fall???  hahahaha....

 

 

Asian shares close mixed, with investors looking for leads

HONG KONG - Shares across the Asia-Pacific region closed mixed, with slight movements recorded in most markets as investors looked for news to inspire trade.
   
Tokyo shares ended mixed, but the key Nikkei index posted gains for a fourth straight session after US markets showed signs of stabilising overnight despite lingering worries over the state of the economy.
   
Some investors were also reluctant to build fresh positions ahead of the weekend and book-closing next week for the fiscal year-end. The blue-chip Nikkei 225 Stock Average closed up 61.41 points, or 0.35 pct, at 17,480.61, off a high of 17,534.77. The key Nikkei index gained 4.4 pct this week.
   
The TOPIX index of all the issues listed on the Tokyo Stock Exchange's first section was up 10.14 points, or 0.59 pct, at 1,741.94, off a high of 1,745.61.
   
"The market may trade downwards next week as post-dividend trading starts," said Masatoshi Sato, strategist at Mizuho Investor Securities. "But the extent of the decline is likely to be relatively limited, as investors will likely hold back from deciding their stance one way or another ahead of the release (on April 2) of the Bank of Japan's 'tankan' business sentiment survey," he added.
   
Australian shares closed slightly lower as local investors took profits in certain sectors after yesterday's rally, which was sparked by the US Federal Reserve keeping interest rates unchanged. Caution also swayed investors ahead of the weekend and the release of US housing data later tonight.
   
The S&P/ASX 200 closed down 3.4 points or just 0.06 pct at 5,952.3, above the day's low at 5,938.6 and below the high of 5,968.1. Over the trading week, the benchmark index regained 116.0 points or 1.99 pct.
   
Hong Kong shares were flat in afternoon trade with some profit-taking and the market taking a breather after the recent buying spurred by the company reporting season.
   
Most of the big companies have reported and investors are now waiting for fresh leads, including US housing data. At 3.30 pm the Hang Seng Index was up by 1.44 points to 19,691.69.
   
In mainland China, A-shares in Shanghai and Shenzhen closed higher as morning weakness was offset by sustained capital inflows, with metals stocks and retailers gaining ground. The Shanghai A-share Index was up 3.25 points or 0.10 pct at 3,230.27 and the Shenzhen A-share Index was up 9.11 points or 1.08 pct at a record 853.16.
   
Seoul shares finished slightly lower, reversing a firmer opening, with investors turning cautious ahead of the weekend and the beginning of the corporate earnings season next month. Samsung Electronics and other IT big stocks came under pressure following Motorola's surprise warning that it may post a loss for the first quarter, they added.
   
The KOSPI index closed down 1.15 points or 0.08 pct at 1,447.38, off a high of 1,454.34 and a low of 1,443.04. The main board index gained 19.50 points for the week.