Announcement

Collapse
No announcement yet.

News and Reviews Asian Economic Zone

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    News and Reviews Economics Asia (Korea)

    South Korean Foreign investment surge in Q1

    Tuesday, April 5, 2011

    Foreign direct investment (FDI) in South Korea rose 30.1 percent this year to U.S. $ 20.1miliar in the first quarter thanks to the influx of funds from developed countries, the government said Tuesday.

    The increase mirrors the hope that South Korea would withdraw from a steady growth this year and improvement in the overall business environment of the country sharply, the Ministry of Knowledge Economy said.

    The International Monetary Fund predicts South Korea's economy will grow 4.5 percent this year, with the World Bank put the country in 16 years where the latest "Doing Business" ranked last, rising from 19th place in 2009.

    In contrast to the contraction last year, FDI from the United States skyrocketed 1068 percent in the first quarter, with investment from Japan and China jumped 40.1 percent to $ 370,000,000 and $ 103.1 per cent, 65 million.

    "Investment from Japan, which has been hit by a devastating earthquake on March 11, not seriously affected because 35 percent of the total investment made ​​after a natural disaster," said Byun Jong-rip, bureau chief at the ministry of foreign investment policy.

    According to the ministry, FDI in the manufacturing sector surged 20.3 percent on the year while the services sector spiked 45.7 percent.

    While economic uncertainty in North Africa and Middle East countries, and destruction in Japan may be a negative impact on FDI, South Korea should be able to attract more investment in roads, the ministry said.

    The government said in January that aims to attract $ 15miliar FDI this year, up from about $ 13miliar last year.

    Comment


    • #17
      ADB: Growth weak, Beware Inflation

      Wednesday, April 6, 2011

      Asian Development Bank (ADB) said the region's economic growth slowed slightly and warned of challenges due to rising inflation.

      ADB projects Asian economic growth will be below 8% in 2011-2012. Although this area still continues to lead the global economic recovery, led by two Asian economic giants, China and India.

      Even so, the financial institution headquartered in Manila, Philippines warns of challenges due to rising inflation. "This could lead to exacerbate social differences,"the ADB, on Wednesday (6 / 4).

      In the financial statements 45 developing economies who take shelter under the banner of the ADB, the growth of the region are predicted at 7.8% for 2011 and 7.7% next year. The number is certainly lower than 9% surge last year because the world economy rebound.

      Comment


      • #18
        Japan Economy News and Reviews

        Fundamental Factors Limit Nikkei Gain

        Thursday, April 7, 2011

        Gain foreign markets would help strengthen the Nikkei on Thursday. Japanese stocks had weakened last two sessions due to growing concern the decline of manufacturing production.

        Strengthening limited Nikkei related investors who still hold themselves to hunt down the index during the rally due to uncertainty over the crisis in a nuclear power plant of Tokyo Electric Power Co.. and the drop in production. The weakening yen pushed shares of exporters which are limited due to concerns over the disruption of the supply chain. "Shares of exporters predicted to rebound after falling in the last two sessions. Strengthening shares overseas demand is expected to attract bargain-hunting," according to Hiroichi Nishi, general manager of Nikko Securities SMBC.

        "But the weakening yen may not be one trigger of purchase due to concerns about manufacturing production. The weakening yen is expected to push the price of imported oil will negatively affects the market," says Nishi. The yen fell to a 11-month lows at 122.45 yen against the euro and at a low level and a half years at 85.54 against the dollar in Asian trade.

        Today the Nikkei is predicted to move in the range 9.500 to 9.700 after a drop to as low as one week closing low at 9.585 the previous day. Next resistance in the range of 9.820.

        Comment


        • #19
          Korean Economy News and Reviews

          Look forward to Samsung's Kospi Earnings

          Thursday, April 7, 2011

          Seoul shares opened higher on Thursday following the strengthening of Wall Street, but the release of Samsung Electronics' revenue estimates limit the gains.

          "Strengthening of Wall Street last night to help the market,"said Bae Sung-young, market analyst at Hyundai Securities. "The estimated revenue disappoints, shares have declined in the previous session," according to Bae. He added that the prospect of better earnings for the second quarter pushed investors' optimism. Samsung Electronics, manufacturer of memory chips and flat screen is expected to release the results of leading a declining revenue for the period January to March. This result is the first released since natural disasters struck Japan last month. Hynix, the producer of memory chips No. 2 in the world got a boost from the Philadelphia Semiconductor Index gain of 1.5%. Shares of STX Pan Ocean shipping them probably fell 2.2% in the Baltic Dry Index.

          Yesterday KOSPI index closed down 0:17% at 283.40.

          Comment


          • #20
            News and Reviews Economic Zone of Asia (Japan)

            Friday, April 8, 2011 11:53

            Positive Asian Stock Markets, Japan Earthquake No Negative Impact
            Stock exchanges in Asia move higher at mid-session after trading opened early in the 7.4 magnitude quake-related negative in Japan overnight. Reported no significant damage due to earthquake.
            Concerns related to the blackout of summer, the Tokyo Stock Exchange said it will postpone plans to extend trading hours for the purpose of reducing electric power consumption in Tokyo and prefectures north in anticipation of peak summer demand.
            The Nikkei index today rose 1.57 percent to 9741.33. Topix rose 0.7 percent to 846.59.
            Seoul stock market edged up lifted by rising sahampembuat Daewoo Shipbuilding & Marine vessel engineering, but rises limited to the related existence of aftershocks in Japan and the electricity crisis.
            Korea Composite Stock Price Index (KOSPI) rose 0.52 percent to 2133.25. Foreign investors were buyers from ₩ 14.3 billion ($ 13.2 million) worth of stock, and ready to take the stock to go up consecutive sessions of the 18th, which will become the longest rise since October 2010.
            Stock markets in the plains of China like Hong Kong and Shanghai after a positive move by the PBOC rate hike two days ago. The Hang Seng index rose 0.57 percent to 24.419. While the Shanghai Composite Index rose 0.31 percent to 3017.29. (PBUH).

            Comment


            • #21
              Japan Machinery Orders Down 2.3%

              Monday, April 11, 2011
              Monexnews - Japan's core machinery orders in March fell 2.3% from February before the earthquake and tsunami hit Japan on March 11, according to Cabinet Office on Monday.

              Decline of the early indicator of corporate capital investment even though Japan has not been affected by natural disasters is a negative signal for the Japanese economy. Companies should re-establish the affected facilities, but the decline in consumer confidence, the power-down and worries about the nuclear crisis in Fukushima Daiichi nuclear power plant could drag on capital expenditures, approximately 15% of the economy.

              Economists surveyed by Dow Jones Newswires and Nikkei predicted a decrease of 1.1%. Orders rose 4.2% from the previous month and 1.7% in December. The data reflect the economic sentiment before the disaster. On Friday, economic observers of the government said domestic economic conditions, especially the service sector dropped to a low level of two years in March. The main index fell to 27.7 in March, its lowest level since February 2009 from 48.4 in February.

              The industrial sector decreased due to power outages due to lack of electricity supply after the disaster and the nuclear crisis that hit the Fukushima Daiichi Nuclear Power Plant. The government decided to ask for large industrial electricity consumption in order to avoid limiting the lack of electricity. This leads to lack of production.

              Bank of Japan governor, Masaaki Shirakawa said Monday the economy may soon recover, the supply chain will come back better. But small companies likely to be still facing some problems.

              Comment


              • #22
                Japan Economy News and Reviews

                Japan Radiation Level Potentially Lemahkan Wall Street

                Tuesday, April 12, 2011

                U.S. stock futures plunged again depressed by disappointing quarterly sales report from the giant aluminum company Alcoa Inc.. and Japan's decision to raise the level of the nuclear crisis to a level similar to the Chernobyl Nuclear leakage ago.

                Observed DJIA stock index futures traded down -0.45% to a level of 12.263, while the S & P 500 futures fell -0.55% in the level of 1,312.25 and the NASDAQ futures fell -0.49% at 2,296.50 level.

                Japanese regulators to raise the level of crisis, the country's nuclear facilities to a level 7, the highest scale of international standards but also mentioned the amount of radiation is only 10% compared to the radiation situation in the Soviet past.

                Following the weakening of Asian stocks, where the Nikkei index tumbled 1.7%, European markets also fell around 1:11%. Nuclear Concerns have been dragged by worries of global stocks of nuclear crisis could spread and cause problems in the area of ​​Tokyo.

                At the same time Alcoa bad earnings report yesterday, adding to negative sentiment of market participants.

                Comment


                • #23
                  Dollar Up Vs Yen As Japan Fund, Purchase By Importer

                  Published on 13 April 2011

                  Dollar rises against yen in Asian session Wednesday as Japanese pension funds and importers bought the U.S. unit amid lull in the flow of negative news about Japan's nuclear power plants.
                  Japanese investors snapped up by the U.S. currency after falling in the morning session up to Y83, said Tomohira Nishida, a senior dealer at Chuo Mitsui Trust and Banking

                  Comment


                  • #24
                    Japan Stock weakened; Landing Wall Street Minim

                    Thursday, April 14, 2011


                    In trading on the Japanese bourse this morning seemed a decline, although not too large (4.14). Japan Stock weakened although Wall Street managed to rebound after a weak thin four days in a row. Asian stocks trading in motion tends to be still sluggish today because of the lack of improvement is happening on Wall Street.

                    Nikkei 225 Index futures contracts in June looks to increase slightly by 25 points. Index futures position is opened at 9590 points. Nikkei index futures rose and looked likely to have experienced movement in the range 9555 - 9630 points. Nikkei spot index declined by 29.01 points (0.3%) in the position of 9612.17 points. The broader Topix index declined by 1.63 points (0.19%) in the position of 842.96 points.

                    Shares in Japan's stock seems to experience the movement which tends to weaken. Mitsui fell 17 yen to 1484 yen positions. Toshiba fell 5 yen to 391 yen positions. Honda rose 6 yen to 2963 yen positions. Toyota posted a weaker by 5 yen to 3285 yen positions.

                    Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will tend to increase despite limited. Index futures has the potential to experience movement in the range 9500 - 9650 points.

                    Comment


                    • #25
                      News and Reviews Economic Zone of Asia (China)

                      China Stock Market Up 0.1%; Be careful ahead of Data
                      Thursday, April 14, 2011

                      China stock market has increased the first session with banking stocks and steel producers led the increase, analysts said. The Shanghai Composite rose by 0.1% at 3053.29, and analysts estimate the level of resistance index will be at 3100 levels.

                      "Investors were cautious ahead of tomorrow's economic data releases, " said Zhou Lin, an analyst at Huatai Securities. He added that if the index is able pass through resistance at the level of 3100, then we will see further increases.

                      Banking stocks rose amid hopes of strong first-quarter earnings results reported by Agricultural Bank of China rose by 2.1% at the level of CNY2.96, while Shanghai Pudong Development Bank rose by 0.7% at the level of CNY15.09.

                      Manufacturer of steel has increased expectations that strong demand growth with the commencement of other construction projects; Inner Mongolia Baotou Steel Union rose by 2.9% at the level of CNY9.35 and Xinjiang Baby Iron & Steel rose by 1.8% at the level of CNY15.50.

                      Shenzhen Composite rose by 0.1% at 1287.54 level.

                      Comment


                      • #26
                        Korean Economy News and Reviews

                        Kospi Print Records New High
                        Thursday, April 14, 2011

                        Seoul shares posted a new closing high levels on Thursday amid a volatile trading. KOSPI closed up 0.9% at 282.65.
                        KOSPI also reverses the previous slowdown driven by auto stocks. "Stocks advanced for the second session, signaling the strong market," according to OhHyun-seok, an analyst at Samsung Securities. Individual investors to buy shares worth 126.5 billion won ($ 116.4juta) shares, offsetting sales made by foreign investors and institutions. Auto producers rose for the second session because of the hope they will get a gain from the cessation of production from their competitors in Japan's post-natural disaster March 11. Ahn Sang-jun, an analyst at Tong Yang Securities, predicts the South Korean car manufacturer will have a high profit for the period April to June due to disruption of produski in Japan.

                        Hyundai Motor shares rose 4:47%, while Kia Motors gains 2:45%. Manufacturers tires continue to soar due to expectations of rising prices and low cost of rubber products. Hankook Tire soared 5.83%, while Nexen Tire surged 4:09%.

                        Comment


                        • #27
                          News and Reviews Economic Zone of Asia (Japan)

                          Yen amid risk aversion Moving
                          Thursday, 15 April 2011

                          Trading in currency markets is rapid and brief today (04/15). Action widespread risk aversion after the Chinese data indicate that inflationary pressures begin to grow. This sparked fears of a new monetary tightening in China.
                          Yen has dropped nearly 50 points in the last few hours, wipe the increase previously achieved to reach the peak level at 83.77. Though Japan's finance minister, Yoshihiko Noda, expressed readiness to act if the yen bounce back. Currently, the JPY was trading at 83.30 area, 0.22% below the opening price.

                          EUR / JPY has fallen as much as 100 pips from its highest level between sessions because it failed to exceed 121.50. EUR / JPY is currently trading at 120.60 area, recorded a fall of 0:29% today. The euro moved down to 1.4465 area, after New York closing level in the range of 1.4485.

                          Comment


                          • #28
                            Japan Economy News and Reviews

                            The Nikkei ended 0.4% Minus
                            Monday, April 18, 2011

                            Trading volume in Tokyo stock touched its lowest level in 2011 related to market players who prefer to watch ahead of corporate earnings results next week when the key exporters such as Canon Inc and Panasonic Corp. reported its earnings.

                            But analysts warned of the risk of weakening the index in the next few weeks related to the first earnings report after the earthquake and tsunami struck the Japanese hit the market and the policy of quantitative easing by the U.S. in not June. "All of view of the Japanese stock recovery to long-term and low valuations after a disaster,"said Hideo Arimura, senior fund manager Mizuho Asset Management. "That's why the market in good condition despite the many uncertainties and the index is unlikely to decline sharply," he said.

                            The Nikkei closed down 0.4% in 9550, led by telecom stocks weakened after Goldman Sachs cut its rating of Softbank Corp.

                            Comment


                            • #29
                              China Economy News and Reviews

                              China Back Raises Bank Reserve Requirement
                              Monday, April 18, 2011

                              China raised its bank reserve requirements this year for the fourth time on Sunday. This measure is intended to address the excessive liquidity and high inflation in the country with the world's second largest economy.

                              The increase in bank reserve requirements after China raised interest rates on 5 April as China's efforts against inflation since October and emphasized the government's determination to maintain economic stability. "This move is a tightening action by central banks," according to Lin Song li, Guosen Securities economist in Beijing. "The first quarter GDP showed a good economy as a whole, but there is still room for tightening." The central bank has raised rates four times since October, which aims to control the prices of certain commodities and hold property speculation.

                              Increase of 50 basis points, effective from 21 April, an increase in capital reserve ratio for China's largest banks at a record 20.5%. About 350 billion yuan ($ 53.6 billion) that can be lent to other banks.

                              Comment


                              • #30
                                Korean Economy News and Reviews

                                Kospi ended 0.7% Minus
                                Tuesday, April 19, 2011

                                Seoul stock markets weakened on Tuesday, weighed down by weakness among stocks shipbuilder Hyundai Heavy Industries after news that the POSCO steel prices rose but LG Display shares rally support index. POSCO steel producers to raise prices at least 16-18%, according to the nearest source.

                                Trimming the outlook for U.S. government debt burden on global sentiment, foreign investors continued to sell local stocks to-day to six. Kyobo Securities analyst, Kim Dong-ha predict the index will experience a slight correction until there is a new clue. Shares of auto and chemical weakened by profit-taking after the index had rallied by Hyundai Motor fell 0.2% to KRW225, 500 and SK Innovation slumped 2.4% to KRW219, 500. The financial sector is still weak due to the persistence of concerns about exposure of local banks, Woori Finance Holdings fell 0.7% to KRW13, 600 and Hana Financial Group fell 1.4% to KRW44, 850. LG Chem soared 1.4% rise KRW520, 000 due to earnings expectations ahead of the announcement of earnings results Q 1 today.

                                The KOSPI index ended down 0.7% at 281.20.

                                Comment

                                Top Active Users

                                Collapse

                                There are no top active users.
                                Working...
                                X