News and Reviews Asian Economic Zone

[mynameisandhy]

Asian Economic News and Review (Japan)

 

Ended higher, Nikkei welcomes European plan

Tuesday, October 11, 2011

 

Nikkei index ended Tuesday trading session with the increase of 2 percent at the close of three weeks on expectations of European promises to produce a plan to protect its banking sector that would prevent the spread of the Greek debt crisis.

 

The benchmark index gained about 5 percent increase from the level below its intraday lows since March 15 at the 8.343 level which touched on last Wednesday, when the index plunged to as low as 8.227 in Japan hit by earthquake and tsunami.

 

After the national holiday Monday, the benchmark Nikkei rose 168.06 points to 8,773.68 level, after rising up to the level of 8,806.44 in the morning session, its highest level since September 16. The broader Topix index rose 1.8 percent and ebrakhir at 755.00 level.

 

Industrial robot manufacturer Fanuc Corp. surged on the news will replace the Tokyo Electric Power Co. in the index while the Topix Core 30 shares of exporters who suffered severe blows like Sony, Komatsu and Honda performed brilliantly, all recorded an increase of more than 5 percent.

 

European officials doubt on the actual joint strength can muster against the debt crisis that could inhibit the increase. Tehninal analyst at Mizuho Securities, Yutaka Miura, said that the oelaku highly dependent on the expectations of policy on real policy and belom still no guarantee of effective policies, with targets for the Nikkei index to be around the level of 8.800 to 9.000 for the next few days.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Kospi Closed Up, Maintaining Positive Trends

Thursday, October 13, 2011

 

Korea Stock Exchange in trading today (13/10) to close at higher positions. Still maintained a positive trend since the beginning of trading this week and getting stronger after overnight U.S. stock market showed an increase that is sustained by a rise in stocks is driven by speculation bluechips will rise in profit for the third quarter report.

 

Kospi index closed up by 0.75% to 1823.10 basis points. While index futures rose by 1.54 points to 238.2 basis points with the support level of 237.94 points and 240.89 points for the level resistant.

 

The shares which increased the stock of which is Hankook Tire's son 2.76% to 39,050 won, Daedong shares rose 0.7% to 3585 won and Salum shares rose 1.81% to 1405 won.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the Korean stock movement for tomorrow is expected to be still more likely rebounded in the territory, though still limited to between 1820 - 1840 basis points.

[mynameisandhy]

News and Economic Review Asia (Singapore)

 

Stronger SGD, Singapore's Main Stock Index Up

Friday, October 14, 2011

 

Singapore dollar in trading today (14-10), monitored strengthened against several major currencies.

 

These developments respond to the performance of stock trading today reported strong.

 

STRAITS TIMES INDEX FTSE reported improved + 0.04% and the FTSE ST All Share Index rose +0.15% was reported.

 

Analyst Research Vibiz of Vibiz Consulting suggests that the Singapore dollar strengthened tracked moving around + 0.22% against the Euro currency in forex trading today.

 

Monitored Singapore dollar exchange rate strengthened revolving around + 0.53% against the U.S. dollar.

 

Based on Bank Indonesia rate announcement today Singapore dollar selling rate in the range of Rp. 7018.22/SGD and buying rate of about Rp. 6943.66/SGD.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Hope, still strengthen in the closing KOSPI

Monday, October 17, 2011

 

Seoul shares ended trading today with the rise on hopes Europe will execute a plan to resolve the debt problem, underpinned by a rise in oil refining and airline stocks, including S-Oil and Korean Air Line.

 

Korea Composite Stock Price Index (KOSPI) finished up 1.62 percent at 1,865.18 points level. KOSPI 200 spot index rose 243.49 percent to a level 1:59 points.

 

There is a sense of worry that if Europe fails, the global economy will be very slumped at a meeting of G20 finance ministers summit. Pressure was accumulating in the region which eventually reached the peak of the debt crisis in the European region at a meeting of EU leaders for eight days.

 

Perpetrators net foreign purchases of 249.2 billion won, equivalent to $ 215.6 million worth of stock, which is buying it on the third day. However, investment management institutions do net sales of 43.7 billion won in value stocks.

 

Shares of oil refining and aviation post the rise thanks to the stronger won more than 1 percent against the dollar in today. S-Oil shares jumped 8.9 percent and SK Innovation rose 5.6 percent.

 

Korea Aerospace Industries (KAI) rose 13.3 percent after the company today said it had reached $ 600 million agreement with Airbus to supply spare parts for A320 planes until 2025.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Closed Kospi down 1.4%; Cyclical Stocks Lead Losses

Tuesday, October 18, 2011

 

Kospi ended down 1.4% at 1838.90 as foreign funds sell amid fading optimism that European policy makers have approached the resolution to the debt crisis in the region, analysts said.

 

Tips direct support on an average five-day movement around 1834, then the key signature 1800. However, according to market analysts are not likely to fall sharply due to local retail investors and asset management companies tend to buy on the weakness of the stock.

 

Cyclical stocks such as shipbuilders and steel companies led the decline with Hyundai Steel down 4.6% at KRW86, 300 and Dongkuk Steel Mill, down 5.5% at KRW22, 550, while Daewoo Shipbuilding fell 3% to KRW25, 600.

 

Technology stocks outperformed the broader market, get some support from weaker KRW; Samsung Electronics ended down 0.8% at KRW883, 000, while LG Electronics was up 1.3% to KRW72, 900. Among stocks that rose, SK Innovation ended up 1.6% at KRW162, 000.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hong Kong stocks rose until noon

Wednesday, October 19, 2011

 

Hong Kong recorded an increase in a relatively quiet morning trading, boosted by the strengthening of the shares plummeted yesterday, but the increase can be monitored through a bearish indicator.

 

Hang Seng Index climbed 1:25 percent at the closing level of 18,302.83 on midday trading, down from its opening at 18.400, which is also the lowest gap which opened yesterday when the index tumbled more than 4 percent.

 

Shanghai Composite Index crept up 12:06 percent to as low as 2,385.03, supported by strengthening the financial and energy stocks fell after rising in morning trading.

 

Chinese steel producer Citic Pacific Ltd. rose 3.4 percent in Hong Kong. The new shares are listed on the Hang Seng Index, Citic Pacific is also among the top stocks rose yesterday stelah puncaki drop list.

 

Bucked the trend in Hong Kong, shares of China Pacific Insurance (Group) Co. Ltd. which fell 5.5 percent after a report for the first nine months of 2011 have the notion that thought. Decrease in shares listed in Hong Kong today has nearly half of the increase in October.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei: Back corrected, Test Support in the range 8.685 to 8.621

Thursday, October 20, 2011

 

Nikkei Index return corrected and achieve our targets in the previous analysis. Nikkei seen testing the current area of ​​support dikisaran 8685 support level where the outbreak is an opportunity to further correction area 8621. But beware of rebound opportunities to the area 8749 to 8820 if the support were maintained. Projections are then amplified conditions enumerated by the CCI and Stochastic are in oversold area.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Watch for signals from Europe, the Nikkei closed down slightly

Friday, October 21, 2011

 

The Nikkei index closed lower on Friday session, bringing it into weekly decline of 0.8 percent, after investors look forward indication of the plan detailing the efforts of the leaders of European settlement of the debt crisis.

 

Germany and France issued a statement which said in a statement Thursday that European leaders will discuss global solutions to the crisis on Sunday but no decision will be taken before the second meeting on Wednesday next week.

 

The Nikkei slipped 3:26 or 0:04 per cent points to a level of 8,675.60. The broader Topix index fell 0.2 percent to a level of 744.21, and down 0.6 percent this week.

 

Olympus Corp. shares ended down 6.8 percent at the level of 1.231 yen, its lowest close since December 1999.

 

Mitsubishi Motors shares rose 1 percent to 100 yen after the Nikkei business daily reported profits automaker is likely to increase in this year about 28 billion yen in the period from April to September, tear down previous estimates of 18 billion yen.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Hopes for debt settlement to lift the Nikkei closing

Monday, October 24, 2011

 

Nikkei stock index rose nearly 2 percent on the session Monday, ignore the strengthening of the yen and the disruption of production due to flood Thailand, after the weekend annunciator progress on the settlement plan debt crisis of Europe.

 

EU leaders look even close to the settlement plan debt crisis diwilayahnya, even approaching ksepekatan to recapitulate the banking and use the rescue fund territory.

 

The Nikkei ended up 1.9 percent at 8,843.98 level, earned more than twice the 0.8 percent decline in the last week. The broader Topix index rose 1.5 percent to as low as 755.44. Nikkei translucent pergerakn level of resistance at the average in five days, which is currently observed at the 8.744 level. However, short covering stocks hit a bottom of a multi-year in the month is able to lift the benchmark.

 

TDK Corp. shares rose 8.3 percent to a level of 2.967, after being dropped to the bottom level in more than 20 years at the beginning of this month on concerns over European debt situation.

 

But stocks are in trouble with management Olympus Corp.. levekl down to its lowest in 13 and a half years in just one point. Olympus shares tumbled 10.7 percent ended in 1.099 yen after plummeted by 18 percent to a level of 1.012 yen, its lowest level since March 1998.

 

Bridgestone shares rose 4.1 percent to 1.764 yen after the tire manufacturer stated goal to boost operating profit to 10 percent of sales in 2016 up to 2017 from 5.8 percent in 2010/11 in the production of five years.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Darting yen, Japanese Fire Beard

Tuesday, October 25, 2011

 

The Japanese currency rose back up to the level of 76.00 on Tuesday (25/10) after Friday last week recorded a peak at 76.78 yen.

 

Related to this sharp strengthening of the yen that the Japanese monetary authorities began preparing for the anticipated surge in order not to be guncagan in the domestic economy. June Azumi Japanese Finance Minister mentioned that the government will take action against any excessive yen strengthening against the dollar.

 

Azumi said the yen's strength is really speculative and inconsistent with economic fundamentals. And anticipates that the Government of Japan has provided a budget of 2 trillion yen ($ 26 billion) as subsidies to encourage companies buffeted by the strengthening yen.

 

The budget is intended to keep the factory and labor in the domestic as well as to protect the tentative recovery from natural disasters. Japanese government intervention into the foreign exchange market earlier this year to prevent losses due to rising yen exporters.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Closed Up Hang Seng 19066.54 points, the Shanghai Composite 2427.48 points Up

Wednesday, 26 October 2011

 

In China, the Hong Kong stock market rose on speculation that linked Beijing will soon loosen policy.

 

This comes after Prime Minister Wen Jiabao pledged late on Tuesday that the government will enhance economic policy and maintain appropriate credit growth.

 

 

Hang Seng Index up 0.52% to 19066.54 points. Shanghai Composite rose 0.74% to 2427.48 points.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hang Seng closed 3.26% surge

Thursday, October 27, 2011

 

Stock Exchange of Hong Kong in the movement today (27/10) closed higher. Stock soared after obtaining the positive sentiment coming from the report is agreed plan policies of European economic bailout package by European officials yesterday after having a meeting in Belgium.

 

Hang Seng Index closed up by 3.26% to 19688.7 basis points. While index futures rose 735 points to 19,764 basis points with the support level at 18,980 points and resistant level of 19,770 points.

 

The shares which increased the stock of which is Li & Fung rose 5.73% to 14.76 HKD, Sinopec Corp. shares rose 2.27% to 7.67 HKD and Sino Land shares rose 2.7% to 12.18 EUR .

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, strengthening Hong Kong's bourse is expected to still continue on the next day considering the U.S. GDP advance data are released later tonight is predicted to increase.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Yen Back Approach Record Level

Friday, October 28, 2011

 

Dollar recovery from a new record low versus the yen at 75.66 which is printed on the day continues until yesterday had touched the 76.00 level, which seems to put pressure for the USDJPY traded back down to around 75.75 or about 0.3% below today's opening price.

 

As these movements, under 75.66 (low-October 27) USDJPY will enter a zone that has never been touched before, and may be able to find the next support at 75.55 (weekly pivot point) and 75.00 (psychological level). In contrast, the nearest resistance level at 76.00 (daily high), followed by the 76.30 area (high 26/27 Oct) and 76.50 (high 24).

 

As long as prices are still stuck below the 76.60 level, then the bias of this currency pair remains bearish with a target to 74.90 and then 74.20, according to Stoyan Mihaylov, technical analyst Deltastock.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei Slump, Corporate Profit Decrease Prediction

Monday, October 31, 2011

 

Japanese stocks on trading today (31/10) closed weakened. The fall in stock movement today due to her negative expectations of the financial statements several corporations such as Mitsui OSK Lines and Fujifilm Holdings Corp. in the third quarter ago.

 

The Nikkei index fell by 0.7% to 8988.39 basis points. While index futures declined by 80 points to 8955 basis points with the support level of 8955 points and resistant level of 9096 points. The broader Topix index fell 1% to 764.06 basis points.

 

The shares, which fell among the stock is Nippon Yusen fell 2.4% to 201 yen, Fuji Film shares fell 2.3% to 1950 yen and Honda shares fell 3.7% to 2406 yen.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Japanese stock market expected to remain depressed for the next day's move. The absence of positive development of European economic conditions will still give concern for the market.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

China's PMI was disappointing, the Hong Kong Stocks slips

Tuesday, November 1, 2011, 17:33

 

Hong Kong stocks fell on Tuesday after a drop in session mengejtukan Chinese manufacturing and new concerns about Europe's debt agreements do little decrease in profit-booking after the rise in the last month, particularly in the property sector.

 

Observed mild trading after investors were still cautious ahead of the data market movers this week include U.S. payrolls data, meetings and meetings of the Group of 20 major central banks in the U.S..

 

Hang Seng Index fell 2.5 epersen dragged down all day in line with other Asian markets. China Enterprises Index, a benchmark the best in Asia in the last month, declining 3.1 percent.

 

In China, the Shanghai Composite index ended higher light, rose only 0.1 percent, supported by retail investors buying in the sector on expectations asurasi better investment income in the current domestic stock market improves.

 

Resmui China's PMI index for October are lower than expected, noting its worst result since February 2009 after a bad economy sacrificing factory west.

 

While the low prices of inputs factories in China also suggests that inflationary pressures diminished manufacturing sector, market players said it was too early for China to loosen policy.

 

Developers still depressed stocks in Hong Kong with the sector index ended down 4 percent. Cheung Kong Holdings shares fell 4.7 percent sementra China Overseas Land, one of the best stock in the last month, down 6.7 percent. China Overseas rose nearly 30 percent in the last month.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Still Yen Gains Against Euro, Monetary Sector Stable Enough

Wednesday, November 2, 2011

 

Japanese Yen currency pair to trade EUR / USD ssss today (02-11) observed stronger.

 

Japanese yen strengthened in line with the presence of positive signal, where it is shown by an increase in performance on the monetary sector in the country.

 

Monetary Base indicator y / y reported to increase to 17.0% which was previously thought to be able to rise to 17.3% from the previous value of 16.7%.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hong Kong Dollar Moves Flat

Thursday, November 3, 2011

 

Hong Kong dollar tracked moving relatively flat in trading today (03-11).

 

The currency moves against the rupiah strengthened very thin and very thin weakened against the U.S. dollar.

 

Analyst Research Vibiz of Vibiz Consulting suggests that the Hong Kong dollar strengthened thin tracked moving around + 0.09% against the Euro currency in forex trading today.

 

While on DollarAS the pair USD / HKD tracked down very thin - 0.01%.

 

Meanwhile HANG SENG INDEX reportedly fell -2.49% HANG SENG COMPOSITE INDEX and down -1.95%.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Technology and refining post the reinforcement prop Seoul

Friday, November 4, 2011

 

Seoul shares rose on the session Friday, bolstered by a rise in the technology sector and refining, after Greece withdrew from a proposed referendum that threatened its membership in the European Union and European Central Bank cut interest rates.

 

The rigors of European pressure forced Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the possibility of Greece out of the euro single currency to maintain. European Central Bank cut interest rates a quarter point to 1.25 percent in a surprise move Thursday.

 

Korea composite stock price index (KOSPI) finished up 3.1 percent at 1,928.41 points level. KOSPI 200 spot index ended up 3:38 percent at 252.34 points level. Institutions again making a purchase, acquire a net 462 billion won, or the equivalent of $ 408.9 million worth of shares.

 

Shares of Samsung Electronics rose 3.9 percent to 1005 million won, touch the milestone of 1 million won for the first time in nine months and lurking level for all time that touched 1014 million won in January.

 

LG Electronics fell after the company announced the issuance of shares of $ 945 million on Thursday, confirming rumors in the market that pushed its shares plummeted yesterday in a session. LG Electronics shares fell 0.8 percent to 61.100 won. Affiliates actually rebounded sharply after a drop in session yesterday, with shares of LG Corp. rose 4.1 percent and LG Display jumped 8.1 percent.

 

Stocks of crude oil refining companies jumped on the strengthening of the won, which tends to reduce the cost of crude oil imports. S-Oil rose 6.5 percent and SK Innovation jumped 8.1 percent.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

South Korea was awarded A+ rating by Fitch

Monday, November 7, 2011

 

Fitch Ratings raised ratings of South Korea's rating to "positive" from "stable," and affirmed the class A.

 

"South Korea's trade balance deserve it because of the sovereign and the economy grows rapidly," said Andrew Colquhoun, regional head of Fitch's Asia-Pacific region.

 

South Korea, Asia's fourth largest economists have been accumulating foreign exchange reserves of $ 311 billion and moderate public debt and fiscal prudence are the main force. South Korea's economic growth had slowed in the third quarter as companies cut spending related to concerns that European debt crisis will reduce demand for Asian exports.

 

South Korea has guaranteed agreements with other countries to protect from any impact of European fiscal woes and the economic recovery in the United States and other developed countries. The nation agreed with China to swap to almost double their yuan to ₩ 64 trillion won ($ 57 billion) from 38 trillion won.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Back BoJ supplies Dollar

Tuesday, November 8, 2011

 

Bank of Japan re-supplies of dollars for the second week; this is the second time the central bank dollar injection of funds into the market with increasing concerns over Europe's debt crisis. BoJ $ 1 million injection of funds through liquidity facilities one week; but the number was much lower than a similar operation last week that $ 102 million injection of funds into the market. $ 1 million meruoakan the minimum amount that can be awarded the BoJ to dollarnya liquidity facility.

 

BoJ facility is not used in the past year given the higher cost of borrowing funds from the market. However, the cost of dollar funding in Japan has increased since the Greeks proposed referendum. Although the cost of borrowing dollars began to subside since last week but Japanese banks seem to want to ensure the availability of stable sources of funding, according to Reuters resource.

 

Meanwhile, the yen has not changed much in the London session with USD / JPY traded 78.02. Nevertheless, the dollar looks difficulty maintaining and strengthening euro is evidenced by the recovery of low-level daily. EUR / USD is now trading 1.3776, near 1.3791 daily high level

[mynameisandhy]

Asian Economic News and Reviews

 

Leadership of the IMF: China Need Currency Exchange Rates With More Powerful

Wednesday, November 9, 2011

 

Leadership of the International Monetary Fund to promote the important role of Asia in global economic recovery and urged the region to be ready if the world recession happen again.

 

In his speech Wednesday in the International Finance Forum in Beijing, Christine Lagarde said Asia's economic revival is a story that determine economic success in the modern era.

 

Lagarde especially praised China's economic growth, which he said has lifted 500 million people from poverty in the last 20 years. He said China needs a stronger currency in real value.

 

United States and the European Union said Beijing has deliberately debasing its currency to help exports and imports weakened.

 

Lagarde also urged China to shift from export-driven economy into an economy that promoted by domestic consumption.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hangseng Closed Down More Than 5%

Thursday, November 10, 2011

 

Chinese stock markets closed lower on fears of soaring bond yields could force Italy's euro zone country to seek a bailout. exports in October is Slower than expected growth also sparked fears that China's economy has slowed.

 

Shanghai Composite closed down 1.8% to 2,479.5 points, after rising 0.8% on Wednesday, while the property index fell 2.6%.

 

Hong Kong shares fell more than 5%, erasing gains in almost a week, related to losses in overseas markets, the crisis is increasing in Italy and the weak yield of HSBC Holdings fell 9.13% trigger investor rush for the exit.

 

The benchmark Hang Seng Index fell more than 1,000 points and fell below the 19,000 level lokalturun Company 5.7 percent.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Despite ending higher, the Nikkei ended the week with a decrease

Friday, November 11, 2011

 

The Nikkei moved up in the session on Friday after a massive selloff a day earlier as investors positioned in the possibility of an increase, despite concerns about a worsening debt crisis in silence optimism.

 

Olympus Corp. shares rise and fall in the volatility of trading after the shares are listed in the supervision of the Tokyo Stock Exchange in the session Thursday, with the possibility of elimination after failing to find a revenue report by the deadline November 14.

 

Olympus shares fell 5 percent to 460 yen, bringing the total decline to 81.5 percent since the scandal stuck on 13 October.

 

Meanwhile, German Chancellor Angela Merkel rejected the notion that his administration might support a smaller euro zone on Thursday after getting closer to the Italian national unity government. Meeting in Hawaii, Asia-Pacific finance ministers agreed to boost their own economies to protect against the impact of European issues.

 

Italian Finance Ministry managed to sell 1-year bonds on the yield of less than 7 percent - the limit that investors believe will create an unsustainable debt burden, although the country is still paying the highest yields in 14 years.

 

The Nikkei rose 0.2 percent to a level of 8,514.47, but throughout the week the Nikkei index was down 3.3 percent. The broader Topix index slipped 0.2 percent to a level of 729.13, with a weekly decline of 3 percent.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Prelim GDP q / q Naik, urges Sterling Yen

Monday, November 14, 2011

 

In trading GBP / JPY the European session this afternoon (14-11) observed yen strengthened against the pound sterling and is in the range 123.64.

 

Japanese Yen forex investors are increasingly in demand in line with the indication that showed an increase in economic performance in the country.

 

The latest information about the indicators Prelim GDP q / q has just been released by the Cabinet Office showed an increase in performance on the economy in general.

 

Indicator Prelim GDP q / q increase to 1.5% reported previously expected to rise to 1.5% from the previous value of -0.5%. It was responded positively by investors in forex trading.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

USDJPY likely sales drop 76.40

Tuesday, November 15, 2011

 

The bias remains neutral in the short term but as long as the price moves in the main bearish channel on the H1 chart, intraday bias remains skewed downward overall target area of ​​support 76.80 - 76.40 and 75.50 record lows.

 

On the upside, strong resistance appears in the area of ​​77.50 - 77.75, just above the penetration of the area have only been able to stop the major bearish scenario at this phase.