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ChinaSun just posted almost 23% increases in it stock px for whole of last week, just like BOC. The point here is ppl will take profit and futher upside is limited on Chinasun due to no further significant news to dirve up it share, unlike BOC, so take note. Have some profit, take some.

 

Dow just crashed last night...down by 134 points

Monday will be a bloody day for STI again.

 

Dow is up 74 pionts throwing away AMD warning and higher oil px, look like thing here will be more expensive liao.

 

ok lah..... I try to edit... I'm lazy lah... just copy and paste. here it goes again

 

north korea celebrates USA independence day agian ? wait for next year lah.. today london bombed, 1 year ago, japan attacked china , in beijing, 1937.

 

Article very long lah.

 

zhuge_liang, you very cute to ask tanglinboy for such request ... :p

Btw, Dow and Nasdaq up now. Shiok!

 

Hi tanglinboy,



Good article. But can you do some editing? Pls leave out the ads and other unimportant parts.

 

North Korea says they want to launch more missiles again. The current situation is really caused by the neglect the world has shown the koreans.

 

today no missiles, so DOW no scare ?

 

NEW YORK (CNNMoney.com) -- North Korea's ballistic missile test launch rattled markets Wednesday, putting stocks solidly in the red and sparking a rally in commodities that caused a jump in gold and sent oil prices to fresh record highs.

Stocks fell sharply but settled off earlier lows. The Nasdaq (down 37.09 to 2,153.34, Charts) composite tumbled about 1.7 percent, while the Dow Jones Industrial (down 76.20 to 11,151.82, Charts) average and the broader Standard & Poor's 500 (down 9.28 to 1,270.91, Charts) index each fell about 0.7 percent.

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The Nasdaq was down almost 2 percent, and the Dow and S&P were off nearly 1 percent earlier in the session.

North Korea fired seven missiles in all Wednesday, one of them a long-range rocket that some analysts say could hit the Western United States, although it managed to fly for just 40 seconds before crashing into the ocean. (Full CNN.com coverage)

The events have shaken world markets, already jittery over other geopolitical tensions including a spat with Iran over its nuclear program.

In addition to sending both Europe and Asia markets to a lower close, they helped push crude oil prices to a new all-time trading high of $75.40.

U.S. crude for August delivery gained $1.26 to settle $75.19 a barrel on the New York Mercantile Exchange, also a record closing price.

They also encouraged a flight to safe-haven investments like gold, which rose $13.10 to settle at $629.70 for the August contract on COMEX.

Investors will look to a couple economic reports, as well as oil and gold prices and any new political developments, to help move markets Thursday.

Initial jobless claims are due at 8:30 a.m. ET, and the ISM services index is set for release at 10 a.m. ET.

"Anything that indicates a softening number will be a real cushion for the market," said Peter Cardillo, chief market analyst at S.W. Bach & Co.

Analysts have said weak economic and job numbers are good for stocks under current conditions. Markets have been concerned the Fed will raise interest rates too high in an effort to fight inflation, cutting of cheap capital for businesses and hurting economic growth.

Stock declines were led by techs, with the Goldman Sachs Internet index and the Amex Networking index both sinking more than 2 percent.

The missile firing also put a damper on last week's rally, when stocks ended higher after the Federal Reserve softened its language on interest rates and a number of economic reports came in as expected or on the soft side.

But Wednesday the Commerce Department said factory orders for May rose a higher than expected 0.7 percent. Economists were looking for a 0.1 percent gain, according to Briefing.com.

And an employment report from payroll services company ADP suggested strong job growth in June.

The reports could have pressured inflation-sensitive Treasurys. Bond prices fell sharply, raising the yield on the 10-year note to 5.22 percent from 5.16 late Monday.

The ADP report comes just prior to the government's closely watched employment figures, set for release Friday.

"That has brought interest rates back into play," said Cardillo "We're seeing fears of a real explosive jobs growth rate this Friday."

Despite the tough sledding, analysts said market fundamentals remained strong.

Kim Caughey, an analyst at the Pittsburgh-based money management firm Fort Pitt, said the S&P 500 will post double-digit percentage growth by the year's end.

"We still think there's growth out there in the economy; the sky is not falling," said Caughey.

 

Bad....STI will be hit tmr.

 

yeah man... bloody hell....

Latest charts from CNN as of now...

 

Ahhh ... Dow down 0.6% and Nasdaq down 1.4% now! Stupid ginseng missiles ..... !!!

 

he should fire more ginsneg, not missiles, his missiles got no guidance system, like oversized fireworks ?

 

It said to have fired 5 missiles, so Nikkei and Dow will be down and is oso a chance to go on bargain hunter on stocks.

 

North Korea fired 4 missiles !!!

USA laucjed space shuttle, foam dropped off ???

Italy beats Germany , 2-0... !!!

 

Europe dips as auto shares hit

LONDON, England (Reuters) -- European stocks took a dip on Tuesday, pulling back from one-month highs, with auto stocks slipping after lackluster sales data, while mining and oil stocks also weighed in trade thinned by a U.S. holiday.

Spain's BBVA climbed as investors judged the outcome of the presidential election in Mexico, where it generates a chunk of its income, could be in its favor, while Britain's Rank rallied on takeover hopes.

By 1050 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.2 percent at 1,315.7 points. Volumes were hit as U.S. markets remained closed for the July 4 Independence Day holiday.

The benchmark has rebounded from a seven-month intraday low of 1,230.1 touched on June 14 but is still about 7 percent below from a near five-year high hit in May.

European car stocks slipped, with Italy's Fiat down 1.5 percent after data showed its car sales in June were the lowest this year.

Germany's DaimlerChrysler fell 1.4 percent and Volkswagen dipped 1 percent, with France's Renault down 2.6 percent on concerns about a proposed tie-up with General Motors and Nissan .

Some analysts were upbeat on the news, however.

"We believe that in the event of an alliance with GM, Renault's management, known for its competence, would take on a low level of risk to facilitate a turnaround at GM, which would be a good investment," said analysts at Societe Generale in a note.

Renewed enthusiasm

Resource stocks dragged, with Rio Tinto and Antofagasta both down 0.5 percent as metal prices were rangebound, while steelmaker Corus fell 1.8 percent.

ThyssenKrupp, Germany's largest steelmaker, bucked the weaker trend, adding 1.6 percent after saying it would buy back up to 5 percent of its capital stock.

BBVA rose 2.1 percent as Mexico's presidential elections appeared set to hand victory to a candidate widely favored by Mexican businesses, dealers said.

An Internet report earlier linked BBVA with HSBC, which fell 0.5 percent.

"There's a lot of renewed enthusiasm for BBVA because of the simple fact the Mexican election situation is going to clear up and be behind the stock. There's some very fundamental momentum behind the stock," said a trader.

Among other standout gainers, Rank added 3 percent as dealers said the possible sale of its Hard Rock cafe business boosted hopes it could attract a takeover offer.

British retailer Marks & Spencer gained 1.7 percent after Goldman Sachs added it to its 'conviction buy list' and raised the price target.

On the downside, drugmaker AstraZeneca fell 1.4 percent after ING cut its recommendation on the stock to "hold" from "buy" and predicted a rocky road ahead.

Zurich Financial fell 1.9 percent as it traded ex-dividend.

Tonite no DOW (big bro) to follow, so just hv to follow big sister liao. Tmr the Sun rise from d East, look very bright again due to bullish debut on bank of China (BOC) 'A' shares listing in Shanghai tomorro. 

 

all as expected.