Post Reply
521-540 of 31189
19-08-2011 18:31:49
SE Asia Stocks-Tumble on global growth concerns
* Indonesia suffers heavy foreign selling * Weak oil prices cause S'pore rig builders to drop * Morgan Stanley keeps positive outlook on Indonesia. Southeast Asian stock markets tumbled on Friday, with index heavyweights coming under selling pressure as investors shifted money out of riskier assets because of worries over slowing global growth.
Indonesia < .JKSE> suffered its biggest fall in two weeks, tumbling 4.4 percent, with banks in particular hit. Singapore < .FTSTI> had its largest loss in almost two weeks at 3.2 percent.
Stocks in Malaysia < .KLSE> and Thailand < .SETI> ended the day with smaller drops of less than 2 percent. Philippine shares < .PSI> and Vietnam < .VNI> fell 1.45 percent and 0.5 percent respectively.
The selling intensifed late in the session after European shares < .FTSE> extended the previous session's sharp sell-off and U.S. stock index futures pointed to a sharply lower start on Wall Street.
" The Indonesian market dropped today due to selling from foreign investors ... It's normal that banks got hit first when the market is down as government bond yields jumped," said Jakarta-based Purwoko Sartono, an analyst at Panin Sekuritas.
Foreign investors sold Indonesian stocks worth a net $203 million on Friday, the highest level in more than five months, taking net foreign selling this month to $753 million, after two straight months of inflows, Thomson Reuters data showed, while the Philippine outflow was $11.5 million.
The Thai market had foreign outflows of 6.4 billion baht ($214 million), the exchange said.
Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Singapore fell for a third week, losing 4.1 percent, the worst in the region. Indonesia posted a weekly loss of 1.2 percent, with Malaysia, Thailand and the Philippines posting more limited falls.
In a research note dated Aug. 18, Morgan Stanley said it maintained its positive outlook on Indonesia, upgraded Thailand to neutral and downgraded Singapore to negative.
It believed that Indonesia's domestic economic growth would withstand a a global slowdown and that Thailand's equity market was likely to outperform ASEAN markets during periods of political stability.
Singapore is likely to be hurt the most by a slowdown in global growth, it said.
In Singapore, rig builder Keppel Corp
SE Asia Stocks-Tumble on global growth concerns
* Indonesia suffers heavy foreign selling * Weak oil prices cause S'pore rig builders to drop * Morgan Stanley keeps positive outlook on Indonesia. Southeast Asian stock markets tumbled on Friday, with index heavyweights coming under selling pressure as investors shifted money out of riskier assets because of worries over slowing global growth.
Indonesia < .JKSE> suffered its biggest fall in two weeks, tumbling 4.4 percent, with banks in particular hit. Singapore < .FTSTI> had its largest loss in almost two weeks at 3.2 percent.
Stocks in Malaysia < .KLSE> and Thailand < .SETI> ended the day with smaller drops of less than 2 percent. Philippine shares < .PSI> and Vietnam < .VNI> fell 1.45 percent and 0.5 percent respectively.
The selling intensifed late in the session after European shares < .FTSE> extended the previous session's sharp sell-off and U.S. stock index futures pointed to a sharply lower start on Wall Street.
" The Indonesian market dropped today due to selling from foreign investors ... It's normal that banks got hit first when the market is down as government bond yields jumped," said Jakarta-based Purwoko Sartono, an analyst at Panin Sekuritas.
Foreign investors sold Indonesian stocks worth a net $203 million on Friday, the highest level in more than five months, taking net foreign selling this month to $753 million, after two straight months of inflows, Thomson Reuters data showed, while the Philippine outflow was $11.5 million.
The Thai market had foreign outflows of 6.4 billion baht ($214 million), the exchange said.
Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Singapore fell for a third week, losing 4.1 percent, the worst in the region. Indonesia posted a weekly loss of 1.2 percent, with Malaysia, Thailand and the Philippines posting more limited falls.
In a research note dated Aug. 18, Morgan Stanley said it maintained its positive outlook on Indonesia, upgraded Thailand to neutral and downgraded Singapore to negative.
It believed that Indonesia's domestic economic growth would withstand a a global slowdown and that Thailand's equity market was likely to outperform ASEAN markets during periods of political stability.
Singapore is likely to be hurt the most by a slowdown in global growth, it said.
In Singapore, rig builder Keppel Corp
rotijai ( Date: 19-Aug-2011 23:48) Posted:
|
i think still early for this..
many of my colleagues jumped in today..
iPunter ( Date: 19-Aug-2011 23:28) Posted:
|
The market has gone too far down to be very inspiring to anyone,
including the staunchest bulls... many will be realizing, perhaps for
the first time, that their money is precious and will strive to protect
their money in these uncertain and precarious times.
...but well u said shorted quite abit wat, meaning more than thurs? Anyway fret not, the night is still young.
rotijai ( Date: 19-Aug-2011 22:41) Posted:
|
hehe.. tat's y i thought twice again n again before pressing the sell button..
decided to halve the value and press :)
Gaecia ( Date: 19-Aug-2011 22:35) Posted:
|
You only need a mental visualiser to read eod charts, it is available everydae. Anyway, its still early from closing... 
parimas8 ( Date: 19-Aug-2011 22:21) Posted:
|
agree master ipunter..
looks like i still got a lot to learn from u all :)
iPunter ( Date: 19-Aug-2011 21:16) Posted:
|
master gaecia.. nice analysis..
looks like i might be wrong this time :|
Gaecia ( Date: 19-Aug-2011 21:01) Posted:
|
Your money management technique is good...
This is very important part of being a trader.
Although diversification is good as a hedging tool,
it would be preferable to limit one's targets in order
to be able enable one to stay focussed...
Some traders trade only one or two stocks...
rotijai ( Date: 19-Aug-2011 18:54) Posted:
|
Hav a nice break everyone! The wkend's a great time to reload our lost meals @mid-day for the week. Lol!
Remember to have ice-cleam to de-stress & detox the mind.
I think.. I need to take a step back from forum reading just for my (own) sanity check.
Maybe Gaecia is blur or abit nuts in chart interpretation but US charts is speaking to moi to be cautious of an uptrend run (not time specific). Market will see the catalyst should it happen then. I try not to be caught up with daily shorting activities relentlessly lest it becomes habitual that any analysis becomes cloudy (to me). That said, i'm currently not holding any positions over the weekend.
I hope & pray that Dow can end the week with a spinning top or long legged doji today.
iPunter ( Date: 19-Aug-2011 18:36) Posted:
|
not yet.. not yet
only 25% of my capital.. leave 25% for the sudden rebound to shock me..
leave 50% for the cfd rule (to cushion my shorts)..
and all of those cfd are only 30% of my $$..
still got 70% in my piggy bank :D
iPunter ( Date: 19-Aug-2011 18:36) Posted:
|
fortune favours the brave..
and money scared cold...
when one is on a winning streak,
bird also become rooster
kekeke
iPunter ( Date: 19-Aug-2011 18:36) Posted:
|