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841-860 of 1135
SGP really in fresh bright
RED now.
Singapore's benchmark Straits Times Index fell more than 2 percent on Tuesday with banks leading losses, as investors took profits from a sharp rally on Monday.
By 0744 GMT, the index was down 2.21 percent at 3,248.99 points.
DBS Group Holdings
, Southeast Asia's largest lender, fell 5.16 percent. United Overseas Bank
was down 4.72 percent, while Oversea-Chinese Banking Corp
slid 3.49 percent.
| Asia Pacific Markets |
Current |
Change |
% Change |
Date |
| NIKKEI 225 INDEX |
15,901.34 |
+168.86  |
|
 +1.07% |
21-08-2007 |
| HANG SENG INDEX |
21,729.35 |
+133.72 |
|
+0.62% |
21-08-2007 |
| STRAITS TIME IDX |
3,262.76 |
-59.62  |
-1.79% |
|
21-08-2007 |
| North America Markets |
Current |
Change |
% Change |
Date |
| DJ INDU AVERAGE |
13,121.35 |
+42.27 |
|
+0.32% |
20-08-2007 |
| NAS/NMS COMPSITE |
2,508.59 |
+3.56 |
|
+0.14% |
20-08-2007 |
| S&P/TSX COMP IDX |
13,110.34 |
+60.76 |
|
+0.47% |
20-08-2007 |
Is this the reason for the red?
Singapore's Q2 wholesale trade up 1.9 pct yr/yr
Singapore's domestic wholesale trade rose 1.9 percent in the second quarter from a year ago, slower than a 4.3 percent rise in the first quarter, as lower electronics sales eclipsed higher sales of building materials and food, data showed on Tuesday.
The year-on-year expansion in domestic wholesale trade -- a barometer of consumer confidence in Singapore -- followed a contraction in the fourth quarter of last year, the first in three years.
Excluding petroleum, domestic sales rose by 6.5 percent compared with a year ago, according to data from the Department of Statistics. Petroleum and its related products account for nearly a third of the total trade index.
Petroleum and petroleum products fell 3.8 percent in the second quarter from the previous year, while chemicals rose 2.7 percent. Wholesale trade of ship chandlers and bunkering was down 1.4 percent.
Domestic sales of electronic components, which make up about 14 percent of the index, fell 17.7 percent in the second quarter compared with a year ago.
On a quarterly basis, the index rose 8.6 percent in the second quarter, following a 7.5 percent fall recorded in the first three months of 2007.
The indices record domestic sales transactions of some 810 wholesale establishments and provide an indication of retail health and future trends in consumer prices in the economy.
Following is a breakdown of Singapore's domestic wholesale trade index from the statistics department: Percentage Change at current prices vs Q2 2006 vs Q1 2007 Total index 1.9 8.6 Excluding petroleum 6.5 5.7 Food, beverage and tobacco 34.3 7.8 Household equipment, furniture -9.5 3.9 Petroleum, petroleum products -3.8 12.8 Chemicals, chemical products 2.7 1.5 Electronic components -17.7 -7.2 Industrial, construction machinery 16.6 4.1 Telecommunications & Computers 0.1 3.7 Timber, paints, construction 28.6 23.3 General wholesale trade 22.5 53.6 Ship chandlers, bunkering -1.4 0.1 Other wholesale trade 10.7 5.0 Singapore's foreign wholesale trade index: Percentage Change at current prices vs Q2 2006 vs Q1 2007 Total index 5.9 16.9 Excluding petroleum 5.5 8.1 Food, beverage and tobacco 35.1 22.1 Household equipment, furniture 0.2 2.3 Petroleum, petroleum products 6.3 26.4 Chemicals, chemical products 11.9 16.5 Electronic components -3.5 8.9 Industrial, construction -1.9 -5.1 Telecommunications & Computers 8.2 -3.6 Timber, paints, construction 13.7 6.1 General wholesale trade -11.0 4.4 Ship chandlers, bunkering -4.1 10.1 Other wholesale trade 12.8 12.3 Source: Singapore's Department of Statistics The quarter-on-quarter figures are not seasonally adjusted.
Hahaha... Well said...
We really illustrated what our PM mentioned, little RED DOT.
Little Red Dot in a sea of green.
Wan lui zhong de yi dian hong.
MM Lee is Bernanke of Singapore?!
Now then I know.
Thats y last week mmlee say mart will be back in afew weeks time,if not months....Sept will crash...then things will pick up....
Market not stablise yet...will need a crash b4 things r normal again.....last fri couldnt manage to crash...expected real 1 cuming in after Fed's meeting....buy after that crash....
Relative to yesterday's powerful 6 percent rally yesterday, what's a few points consolidation ?
Yesterday's powerful is an indication of buying back .....
Shorts probably gonna be extra cautious of a sharp reversal upwards again .....
This will be the week to watch .....
It's probably gonna be a better week than previously .....
Make a check on the number of days/weeks it has been going on .....
I tend to feel that more bargain hunters are prowling ..... than the panickers .....
Yesterday's long green bar is an indicator of confidence returning .....
We may see one or two bright sparks leading the way .....
Just like during the penny bull run ..... Jade, Armarda, Baker Tech and the likes led the way by producing powerful rallies .....
Just keep close watch on the over-battered ones ..... once BBs gathered enough, it may trigger another round of interesting activities .....
STI at 3300 has now become a support level since trend has turn from +ve to -ve again?
Market thereabout already .....
Interim bottom probably forming .....
When the market peaked ..... it toggled in-between few bids here and there .....
Now ..... after the battering ..... you tend to see the prices toggling few bids here and there at this bottom levels .....
We are proabbly gonna see few things going on this week :
1) Negativities much better absorbed than previous days.
2) Rate cut taking effect gradually.
3) Selling weakening (similary when it peaked, buying weakens).
4) Weak holders almost fully flushed out.
5) Bargain hunting.
6) Buyers are stepped into the market are probably likely those who can hold (after already understanding what it will be like to buy).
7) Technicals probably reversing ..... indicators are very much in the oversold region for quite a while already .....
Time to take profit again...yoyo
See the yoyo effect? Its back in Red.
| Straits Times Index |
3322.38 |
3319.55 |
-2.83 |
-0.1 |
3365.31 |
3295.60 |
| UOB Sesdaq |
210.13 |
213.45 |
+3.32 |
+1.6 |
214.77 |
211.06 |
Well, its still a yoyo movement for US market, hence STI will also be shaking.
Confident is still low, too many on sideline watching and vol is low.
Any big movement from BBs will cause SB to buy in our cash out immediately.
So if we are not glued to the screen, its better to stay put and hold on.
yes, i believe today will up too....but for me....i will keep watch on yen carry trade and it's benchmark rate.
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=ahTOvXAN7WoM
Asian stocks extended gains on Tuesday as credit concerns eased and a softer yen buoyed Japanese exporters, while a move by China to let residents invest directly in Hong Kong securities gave the Hang Seng Index a boost.
Investor confidence was slowly recovering after the U.S.
Federal Reserve sought to calm markets by slashing a key U.S.
bank lending rate on Friday, although concerns about a global credit shortage continued to linger.
The latest to get hit by the U.S. mortgage crisis was Capital One Financial Corp , which said it would cut 1,900 jobs and shut down a wholesale mortgage unit. "Even though we saw strong gains yesterday, there is still lingering concern about the impact from the U.S. subprime issue to the U.S. economy. We'll still see high volatility," said Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities in South Korea.
After a wobbly start, MSCI's measure of Asia Pacific stocks excluding Japan rose 2 percent by 0221 GMT, extending Monday's 6 percent surge -- its biggest one-day percentage gain since September 1998.
Tokyo's Nikkei average was up 1.5 percent by the end of morning trade, adding to Monday's 3 percent rise, as investors bought exporters such as Sony Corp. and Canon Inc. following declines in the yen on Monday.
Exporters tend to benefit from a weaker currency as it boosts the value of overseas sales.
"The Tokyo market is getting back to normal as shares that should be bought are being bought and shares that should be sold are sold, in contrast to the across-the-board selloff or buying of stocks seen in recent sessions," said Tsuyoshi Segawa, an equity strategist at Shinko Securities.
Hong Kong's Hang Seng Index advanced 4.5 percent after China permitted residents in the northern port city of Tianjin to invest directly in Hong Kong-listed securities under a pilot programme aimed at encouraging money to flow out of the country.
"Although this is a test programme, it is effectively allowing all residents to invest in Hong Kong," said Conita Hung, head of equity markets at Delta Asia Financial Group.
China stocks listed in Hong Kong, or H shares, surged 7 percent, while China mainland stocks also rose, pushing the Shanghai Composite Index to a fresh life high.
Other major markets in the region were all up between 0.2 percent and 2 percent. Philippines stocks jumped 8.7 percent, playing catch up to regional gains after a holiday on Monday.
YEN OFF LOWS After extending losses broadly on Monday, the yen found a tentative footing in early Asian trading. The fall has reversed some of the yen's recent rally, sparked by a drop in risk appetite that prompted an unwind in carry trades.
In a carry trade, investors borrow a low interest-rate currency, such as the yen, to buy riskier but higher yielding assets.
"Market participants do not look as if they've restarted carry trades," said a trader at a Japanese trust bank. "They continue to have fears that market turmoil is not over yet." The dollar fetched 115.08 yen off a high near 115.50 on Monday, but was still well above the 14-month low of about 111.60 yen plumbed late last week.
The euro bought 155.10 yen after losing group of Monday's peak near 156 yen but like the dollar, it was holding above Friday's nine-month low of about 149.20 yen.
Against the dollar, the euro was trading at $1.3473, little changed from late New York levels.
Strength in the Nikkei weighed on Japanese government bond futures, knocking the September 10-year futures down from a 17-month peak struck on Friday.
The benchmark 10-year Japanese government bond yield was off just half a basis point at 1.580 percent.
Spot gold held below $660 an ounce, while oil extended its slide on forecasts that U.S. Gulf of Mexico refineries and platforms would not be hit by a powerful hurricane in the region.
London Brent crude fell 41 cents to $69.44 a barrel after a 59 cent fall on Monday.
I think today will be up, crisis should be over after FED cut lending rates to banks, as banks need to borrow at lower rates then they got money to make. Agree?
Could it be a mirage? Should I jump in? What to do? What to do?
