Announcement

Collapse
No announcement yet.

News and Reviews Asian Economic Zone

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

  • #31
    News and Reviews Economic Zone of Asia (Japan)

    Tokyo Stock End Higher on Earnings Intel; Tokyo Electron +4.1%
    Wednesday, April 20, 2011

    Tokyo stock market rose sharply on Wednesday as investors welcomed Intel's bullish earnings report and a weaker yen, which helps chip-related shares such as Tokyo Electron and Advantest are widely outperformed the index.

    The Nikkei Stock Average rose 165.79 points, or 1.8%, to 9606.82, erasing Tuesday's 1.2% decline. The broader Topix index of all Tokyo Stock Exchange First Section issues rose 9.61 points, or 1.2% to 837.17 with 30 of 33 subindex ended in positive territory.

    But trading volume was relatively light, only at 1.76 billion shares.

    The market opened stronger after U.S. chip giant Intel reported record quarterly result for the second quarter and provide guidance better than expected. Investors were more intense after Intel President and Chief Executive Paul Otellini said the company anticipates no interruption to the supply line that moves ahead of a major earthquake that hit Japan on March 11.

    Despite the strong rise, most market analysts said it was too early to anticipate a more active buying in Japanese stocks, citing the warm trade volume.

    "We see the market stronger than expected today, but whether this will continue is unclear," said Yutaka Yoshii, general manager at Mito Securities, referring to the uncertain earnings prospects for many Japanese companies.

    Tokyo Electron closed up 4.1% at Y4, 475 and Advantest rose 3.3% at Y1, 452. Among Intel's suppliers, Ibiden rose 6.0% to Y2, 562 while Shinko Electric Industries also jumped 4.6% to Y823.

    "If Intel can meet its bullish outlook, there will be another round of buying in stocks, but investors are likely to measure for one or two months in advance whether Intel's target to be achieved," said Takuya Yamada, senior portfolio manager at ITC Investment Partners.

    Toshiba rose 3.7% to Y416 after The Nikkan Kogyo Shimbun reported Wednesday that Apple has effectively took Japan's Toshiba as the sole supplier of liquid crystal panels for the iPhone, cancel the original plan to invest in new LCD production facility at Toshiba and Sharp. Sharp is still closed up 0.7% at Y743.

    In a statement, Sharp said the story was "contrary to the facts" and urged to withdraw the article and an apology. Toshiba LCD display unit declined comment.

    Among other individual stocks in focus, TDK closed down 2.3% to Y3, 890, extending Tuesday's losses of 7.5%, amid concerns about the negative impact on earnings after Seagate Technology PLC agreed to buy a hard disk Samsung Electronics' business drive $ 1.38 billion cash and stock. TDK has been supplying magnetic heads for Samsung. MUFG Morgan Stanley Securities also cut its price on the TDK to Y5, 000 from Y6, 700, while maintaining its Overweight rating.

    Shiseido fell 0.7% to Y1, 352 after the cosmetics company lowered sales and profit outlook for the fiscal year ended in March, blaming a weaker consumer sentiment than expected in the country and the impact of natural disasters Japan recently.

    Nikkei 225 June futures closed up 170 points, or 1.8%, in 9610 on the Osaka Securities Exchange.

    Comment


    • #32
      Japan Economy News and Reviews

      Yosano: Should Tax Help Rebuilding
      Thursday, April 21, 2011

      Minister of Finance and Economy of Japan, Kaoru Yosano, said that taxes should be part of the reconstruction funding by the earthquake that hit, as the support that comes from a public poll to raise taxes to pay for reconstruction.
      "Of course, our loan was supposed to be supported by taxes", said Yosano, 72, in an interview in Tokyo yesterday. While the sales tax increase "is a possibility that can be explained to the public, the government has not take any action related to the discussion".

      Government officials tried to solve these problems following the earthquake and tsunami that hit causes obstacles debt approaching 200% of GDP. 69% of people surveyed said they would support a tax increase to fund the reconstruction, according to a surveu newspaper, Nikkei, which was released this week.

      Comment


      • #33
        News and Reviews Economic Zone of Asia (China)

        China Stock Market Up; 3050 Shanghai Resistance
        Thursday, April 21, 2011

        China stock market has increased in the first session with steel producers and brokers become leaders rise, analysts said. The Shanghai Composite rose 0.7% at 3027.64, and analysts estimate the level of resistance will be at 3050 levels.

        "Turnover in the market may not be enough to push the index sharply higher as investors remain cautious amid concerns over inflation", said Chen Shaodan, an analyst with China Development Bank Securities.

        Steel producers rose amid hopes for stronger demand in the second quarter; Wuhan Iron & Steel rose by 2.7% at the level of CNY4.96 and Baoshan Iron & Steel rose by 1.7% at the level of CNY7.39.

        Broker has increased on bargain hunting with Citic Securities rose by 2.6% at the level of CNY14.55 while GF Securities, increased by 3.9% at the level of CNY39.47.

        Shenzhen Composite rose by 0.6% at 1281.83 level.

        Comment


        • #34
          China News and Economic Review (Hong Kong)

          HK Composite CPI in March Up 4.6%; Expectations +4.1%
          Thursday, April 21, 2011

          Composite Consumer Price Index (Composite consumer price index) rose 4.6% in March from a year earlier, the fastest pace in more than two years-half, driven by rising private rental costs and food prices, according to the Census and Statistics Department Thursday.

          CPI in March rose above the 3.7% rise in February and the highest since the CPI rose 4.6% in August 2008. Reading in March was also an increase of 4.1% above the median forecast 11 economists surveyed by Dow Jones Newswires earlier.

          The government previously estimated the CPI rose 4.5% this year, above the 2.4% rise in 2010, due to higher rental prices and import prices.

          Comment


          • #35
            China Economy News and Reviews

            China's economy will soon shift the U.S.?
            Monday, April 25, 2011

            China is expected to shift the U.S. as the world's largest economy, creating changes in the order of world powers.

            The IMF estimates that China will print output greater than the U.S. in the near future. In the projections that included secretly on his site a few days ago, the IMF estimates that in 2016, China could beat the U.S. in real economic output, the first in modern history a nation to do so.

            China's growth is impressive. In 1980, when economic reforms began, the U.S. produces goods and services 10 times that of China. Ten years ago, the rate shrank to three-fold.

            During the 2000s, China's economy growing rapidly and the financial crisis, making China a global economic powerhouse. During that decade, China's share in global output rose two-fold, while shrinking sharply. Than 25% of global output in 1986, the U.S. share continues to recede to less than 20% now and projected to 17.8% in 2016.

            While China only produced 2.2% of world output in 1980, but increased to 7% in 2000 and 14% now. In 2016, China is projected to produce 18% of world output.

            The IMF estimates, in 2016, China produced more than two weeks in a year when reforms began. Since economic reforms until 2016, China's output increased 30-fold, while U.S. output rose only 2.7 times the level of 1980.

            But the IMF said the U.S. is still the world's largest market. If China still enforce its currency policy as now, the IMF estimates that, in nominal terms, in 2016 the U.S. economy is still 2 / 3 larger than China. However, it only reflects the value of the currency. Factoring relative prices, real output of goods and services, China will become the largest in the world.

            The IMF projected that China will grow 9.5% per year over the next decade. While U.S. growth is expected to more rapidly from an average of 2.1% in the 2000s to 2.75% in the next decade.

            Comment


            • #36
              News and Reviews Economics Asia (Korea)

              Considering that the South Korean Oil Tax Cuts
              Tuesday, April 26, 2011

              South Korea is considering lowering oil taxes at this time, despite the increasing demand for lower energy prices sky-high here, a Finance Ministry official said Tuesday.

              "This is an issue that should be considered taking into account all factors such as the impact of the recent price cuts by oil refineries and the overall price movement of crude oil," Joo Yung-soup, which is responsible for the Treasury tax policy, told reporters. "At this point, we do not consider lowering tax on oil,"

              His comments came as soaring oil prices are feared to harm the lives of the working class, with gasoline prices exceeding 2,000 won (U.S. $ 1.84) per liter at the pump a lot. Currently, oil tax to reach about 50 percent of gasoline sold at pumps here.

              Recently, major oil refineries to reduce the supply price of 100 won per liter in an effort to assist government efforts to stabilize energy prices. But observers say that the impact on prices at the pump is not enough to make a dent in the pockets of consumers, calling for reduction of taxes imposed on oil consumption.

              Many still argue that it is too early to lower taxes as oil prices are still well below those in 2008, when the government temporarily cut oil taxes in the face of runaway crude oil prices. Some also expressed concerns that such a move could harm the state fiscal health by reducing tax revenue.

              The price of oil is being watched closely as the increase could add to inflationary pressure is already high. South Korea's consumer prices jumped 4.7 percent in March from a year earlier, the fastest price increase in 29 months since October 2008

              Comment


              • #37
                News and Reviews Economic Zone of Asia (Japan)

                Japan's Retail Sales Down 8.5% in March
                Wednesday, April 27, 2011

                Japanese retail sales fell 8.5% in March than a year earlier. It is said the Ministry of Economy, Trade and Industry, on Wednesday (27 / 4).

                This decrease was primarily due to car sales, which recorded 32.8% weaker than the previous year, after the March 11 earthquake and tsunami hit the purchasing power of consumers, who cut spending on items not urgent.

                Sales of clothing and machinery also fell significantly. Sales of fuel, however, rose 5.1% from a year earlier. In February, retail sales rose 0.1%. Sales at large-scale retailers fell 7.7%, after adjusting for changes in the number of stores.

                Comment


                • #38
                  China Economy News and Reviews

                  Already China's population of 1.3 billion Translucent
                  Thursday, April 28, 2011

                  The population of China jumped up to number 1339 billion in 2010 compared to the record year 2000 (1265 billion). The fact that sticks out from government census data released today (04/28).
                  The report illustrates that the population growth of 5.84 per thousand in the last 10 years. The data obtained after the survey was conducted of 400 million households since November last year. The annual average growth (2000-2010) amounted to 0.57%. This figure is lower than the average population increase 1990-200 period, amounting to 1.07%.

                  Among the residents, non-productive age above 60 years, there were 13.3% (up 3% compared to year 2000). While residents aged over 65 reached 8.9% and below 14 years as much as 16.6% (down 6.3% compared to 10 years ago).

                  "The age factor affecting the situation in coastal and developed areas, including labor sector in 31 provinces," said Ma Jiantang, Commissioner of National Bureau of Statistics. The data also indicate that the population increasingly urban areas swell, because nearly half of residents (49.6%) chose to live in the city. Whereas in 2000, only 36% of residents live in urban areas.

                  Observers view the high urbanization is one important factor in economic progress. Especially in the last five years, while China's economy moving very fast.

                  Comment


                  • #39
                    China Economy News and Reviews

                    Penetrating 6.5 Yuan per Dollar For First Time Since 1993
                    Friday, April 29, 2011

                    China's yuan strengthened beyond 6.5 per dollar for the first time since 1993, supported by speculation the central bank will allow appreciation to help tame the strong inflation in more than two years.

                    The strengthening currency seventh week, strengthening the longest streak since July 2008, would weaken U.S. criticism of China's exchange rate policy prior to Deputy Prime Minister Wang Qishan headed to Washington next month for talks with Treasury Secretary Tim Geithner. Consumer prices in Asia's largest economy rose 5.4 percent from a year earlier in March, more than the government target of 4 percent this year.

                    "Inflation is still higher than what people want to see the government," said David Cohen, Singapore-based economist at Action Economics, who previously worked for the Fed. "The central bank tolerate faster currency appreciation to control the cost of imports."

                    Comment


                    • #40
                      Japan Economy News and Reviews

                      Reassure Japan World Economy & Safe tour
                      Friday, April 29, 2011

                      TOKYO - The Japanese government believes that his country was safe for business and tourist destination, a large pascakelumpuhan that afflicts some parts of Japan due to the earthquake and tsunami a while back.

                      "We promised Japan will reshape itself into a country that is more dynamic in dealing with disaster yesterday," said Japanese Foreign Minister Takeaki Matsumoto, as reported by AFP on Saturday (30/04/2011).

                      According to him, step for the WTO which urged tourists not to go to Japan is a redundant step. Matsumoto also stressed that the radiation level in Tokyo have never reached a level dangerous to health and the export of Japanese food is safe because a number of steps have been made so that their products are not contaminated. "Of course, the contaminated products will not be exported," he added.

                      Some time ago, governments around the world issued travel warnings and banned the import of Japanese food after the earthquake and tsunami struck the country. Plus a nuclear power plant (NPP) is predicted to cause the radiation leak and the world's worst since Chernobyl.

                      Furthermore, Matsumoto said Fukushima nuclear plant has changed the emergency response phase to a phase of a planned action and stable.

                      As is known, industrial production in Japan dropped 15.3 percent in February to March, the sharpest decline since 1953, after a while it crippled the supply chain.

                      Comment


                      • #41
                        Japan Economy News and Reviews

                        Death of Osama Lesatkan Nikkei Closure
                        Monday, May 2, 2011

                        Dollar soared from a low level in three years, while declining oil and world bourses gained on Monday after news mentioning Al Qaeda leader Osama bin Laden was killed by U.S. forces, so that raises all the previous stock market floor moving thin.
                        Nikkei Index on Monday closed above the crucial level of the first 10,000 times since March 11 - the day when the earthquake rocked the country - from Wall Street's optimism that the stock will likely rally after the U.S. government says al Qaeda leader Osama bin Laden was killed.

                        The benchmark Nikkei index closed up 1.6%, or +154.46 points, at 10,004.20. Nikkei index futures (SSIamM1) closed soared 1.72% or +170 10 030 points to level.

                        Comment


                        • #42
                          News and the China Economic Review (Hong Kong)

                          HSI Rebound constrained Issues Osama Replies
                          Tuesday, May 3, 2011

                          The Hang Seng index rebounded related restricted stock eventually Waal Street ended slightly decreased due to profit taking after the news of the death of Osama Bin Laden, after investors worried about potential terror attacks replies.
                          Indices corrected deep enough down to the range below 23,600 after earlier rising until it reaches the 23,790 level on Tuesday.

                          Jump in the Hang Seng was mostly lifted by banking stocks such as HSBC and HSBC's China-related banks in expectation of increased business performance of the sector. While China's banking valuations attractive again after reporting good earnings results in the quarter-I 2011.

                          Comment


                          • #43
                            News and Reviews Economics Asia (China)

                            China Inflation Control Top Priority
                            Wednesday, May 4, 2011

                            China's central bank said inflation control is a top priority. This is a sign of China's monetary policy will be tighter.

                            Allegation is based on a moderate growth in manufacturing to encourage economic growth in this country. Likewise, the statement of the Chinese Central Bank officials. "Expectations stabilize prices and inflation is very important to manage it. Additions cagangan banks are not too absolute," said Governor Central Bank of China Zhau mid-April.

                            Manufacturing index fell in April from March to bank reserve requirements and benchmark interest rate hikes and rising yuan, which quoted from bloomberg, Wednesday (4 / 5).

                            Shanghai Securities News assessing officials can only control the property market in other cities. "Central Bank of China continues to control inflation. The policy will be added tight, manage speed and intensity of an act more cautiously and will rely more on the benefits of yuan," said Chief Economist for Asia at Societe Generale SA in Hong Kong.

                            China's central bank has raised lending rates and deposit for the fifth time since mid-October last year. Yuan has risen above 6.5 per U.S. dollar first fatherly kainya sjeak 1993. In addition, reserve requirements of banks reached 20.5% terbasuk extra limits for individual lenders.

                            Inflation in March reached 5.4% exceeded the annual target of 4% for the third time since the beginning of the year. Unilever was forced to postpone price increases of products at the request of the government.

                            Comment


                            • #44
                              Hong Kong PMI HSBC April 52,9 Versus March 54,9

                              Thursday, May 5, 2011

                              (Reuters) HSBC Hong Kong Purchasing Managers Index fell to its lowest level for seven months in April from 52.9 54.9 in March as output growth slows, HSBC Holdings PLC said Thursday.

                              Figures above 50 indicate expansion in manufacturing activity, while reading below 50 indicates contraction.

                              HSBC Hong Kong PMI comes from the index measuring changes in output, new orders, employment, supplier delivery times' and the stocks purchased.

                              HSBC is usually a problem index, based on surveys of more than 300 companies in the city, in the first three days of work each month for the previous month's data

                              Comment


                              • #45
                                Yen Falls Against Major currency Swiss Post rillis Data

                                Friday, May 6, 2011

                                Yen falls against the dollar and major currencies, with the hope that the BOJ may intervene to sell yen on the FOREX market after the yen reached the highest level in seven weeks against the dollar.

                                While the euro started the session today with a slight increase against the dollar in the pair USD / JPY, traded around 1.4562 after reaching daily highs of 1.4587 so far and the lowest at 1.4532. Couple face resistance at 1.4620. Daily momentum indicators show sell signal.

                                The pound traded lower against the greenback, trading around 1.6391 with daily highs at 1.6433 and the lowest at 1.6378. Couple face support at 1.6350. Daily momentum indicators show the couple were in the oversold region.

                                For USD / JPY, the pair increased during the Asian session, traded around the 80.49 level, with the highest level at 80.64 and the lowest daily at 80.21. Daily momentum indicators show the couple were in the oversold region.

                                Elsewhere, the U.S. Dollar lower against Swiss franc on Friday after the release of Swiss Unemployment Rate data.

                                Comment

                                Top Active Users

                                Collapse

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