mynameisandhy Posted January 27, 2012 Author Report Share Posted January 27, 2012 News and Economic Review Zone Asia (Japan) Nikkei suffered profit-taking action Friday, January 27, 2012 After reaching the ideal price levels in the mid-week, the Nikkei index hit by profit-taking finally. Japan's main index tumbled nearly half a per cent observed in the middle of the short-term selloff. Nikkei perched at 8813.63 or minus 0.4% compared notes on the mid-day. Investors pulled out ahead of a crucial meeting of the European Union next Monday. Thus, the position of the index tend to fall towards the end of the week while the potential buy on dips still limited. Some stocks that fell among others Kyocera minus 2.3% to Y6, 490 and Honda Motor fell 2.2% to a level of Y2, 682. Elpida Memory scored a big fall to 7.1% at the level of Y338 after reporting an operating loss. Advantest minus 2.9% to Y726 and Fujifilm Holdings fell 1.7% to Y1, 990. Tokyo Electron fell 0.3% to Y4, 325 and Nippon Steel lost 2.5% to Y196. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2012 Author Report Share Posted January 30, 2012 News and Economic Review Zone Asia (China) The Chinese Government Debt Risk Conducive Monday, January 30, 2012 Chinese Prime Minister Wen Jiabao said the country's government debt is still "safe and in control, with funding for some projects will be ensured and it will stop the problems associated with systematic risk. Investors look anxious and worried about the amount of debt held by local governments in China, with some investors who feel it can be a threat to the country's banking system. Wen's comments, reported by People's Daily, declared in a speech, referring to the beginning of January in a conference of government finances. Wen pledged to address and resolve the risk of government debt and avoid the spread of financial risk. "Currently, our government debt is still in a safe and controlled situation", said Wen Jiabao. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2012 Author Report Share Posted January 31, 2012 News and Economic Review Zone Asia (Japan) Japan Auto Exports -2.1% this year in December Tuesday, January 31, 2012 Japanese exports of cars, trucks and buses fell 2.1% on year in December, falling for the first time in five months, as the Japanese automaker tried to reduce exports from their home country in the midst of a strong yen. Exports reached 457,464 vehicles in December, down from 467,514 vehicles in the same month a year earlier, the Japan Automobile Manufacturers Association said Tuesday. For 2011, exports of cars fell 7.8% to 4.46 million vehicles, marking the first decline in two years, says JAMA. Japanese car makers were forced to slow production for months last year after the earthquake and tsunami hit northeastern Japan in March. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 1, 2012 Author Report Share Posted February 1, 2012 News and Economic Review Zone Asia (Hong Kong) Hong Kong Budget Surplus The shrunken Wednesday, February 1, 2012 The quality of the financial balance of the Asian countries eroded by economic conditions and increased expenditure needs. Today, the Hong Kong government declared that the surplus for the last fiscal year dropped significantly. Finance Minister John Tsang today estimate the consolidated budget surplus of Hong Kong of HK $ 66.7 billion (U.S. $ 8.55 billion) for the year ended March 31. The amount is lower than the record surplus last year reached HK $ 75.1 billion. In addition, the government also estimates a budget deficit for the fiscal year commencing 1 April. In a speech in front of the legislative council, Tsang projected budget deficit of about HK $ 3.4 billion for next fiscal year. He also meprediksi Hong Kong's fiscal reserves of HK $ 662.1 billion on 31 March. The amount is equivalent to the value of government purchases for 22 months. Capital spending for this fiscal year is estimated to range from HK $ 366.4 billion. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 2, 2012 Author Report Share Posted February 2, 2012 News and Economic Review Zone Asia (Hong Kong) Hong Kong Stock Exchange Opens Stronger, Banking China In Focus Thursday, February 2, 2012 Hong Kong stocks rose today following Wall Street due to the strengthening of manufacturing data better than expected with a fixed focus on the banking sector after borrowing requirements simplified. This movement diumukan yesterday by the China State Council which is designed to strengthen and support the Chinese market shares listed in Hong Kong. Yesterday, China Enterprises index ended down 0.4 percent. The Hang Seng closed down 0.3 percent at 20333.37 levels were still in the range of its average over the last 400 days. Short sales grow 9.2 percent in Hong Kong after last week's drastic increase of 31.6 percent. Nikkei up 0.8 percent at 8.8821 level while the KOSPI rose 1.8 percent at 1993.6 level. The company predicted that housing construction will be under pressure after the selling price of homes in 100 cities in China fell 1.8 percent in January from December, marking the price decline for five consecutive months. Diesel backup account after China became the focus of the Beijing government to reduce solar subsidies in 2012 after the price of construction for the production of diesel fuel fell, China noted that financial minister said yesterday. Center of gambling in Macao, the biggest gambling destination in the world, rose 34.8 percent in January to 25 billion patacas (3.13 billion U.S. dollars), the government said yesterday. The development is driven by many visitors after the Chinese New Year holidays. Aluminum prices predicted to rise by 10 percent from the previous price at the end of the second quarter according to a senior executive at Rusal, the world's largest metal producers yesterday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 3, 2012 Author Report Share Posted February 3, 2012 News and Economic Review Zone Asia (Japan) Nikkei overload Earnings Performance Friday, February 3, 2012 By noon the movement of the Nikkei stock burdened by such a large scale Softbank Corp. and Yamaha. Index fell 0.1% to 8820. "Overall, the market is still relatively weak but still visible appreciation for the efforts to restructure the company for short-term profit, according to financial director in a foreign stock exchange. Sumco and Sony shares rose. "Indicators of the macro economy enough to push the market to signal the strengthening of the U.S. economy. While the European credit markets also started strong." 20/33 Topix subindeks Softbank weakened by -3.2% to Y2, 157. Yamaha also fell 6.5% to Y686. Sumco at Y675. Sony +7.6% to Y1, 429. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 6, 2012 Author Report Share Posted February 6, 2012 News and Economic Review Zone Asia (Korea) Foreign Investors Pumped, Seoul Stock Uphill Monday, February 6, 2012 Seoul shares rose today after the value of a resistance to nearly 2,000 points which triggered profit taking. Greek coalition parties must notify the European Union today is whether they accept the offer of a new bailout on the condition that is severe enough, while the EU seems to not wait for certainty comes from the Greek. KOSPI was up 0.24 percent at 1977.11 points, down kisraran after rising to its highest point for six months in the range of 1996.05 at the market opening. On Friday investors prefer to buy rather than sell shares at the stock reached 155.5 billion penbelian won. Institutional investors to buy shares of some 5.1 billion won after selling up to 2 trillion won in shares during the nine sessions back-to-speak. Seoul shares rise led by the Hana Financial Group rose 3.8 percent while Woori Financial Holdings rose 2.53 percent. Flat screen maker LG Display rose 4.29 percent, extending gains for five consecutive weeks with the expectation that more revenue in 2012 due to the large demand for tablets and smartphones stabilize the price of television. Hanwa Shares Corp. fell 5.15 percent after the company's CEO said they suspected of embezzling company funds. POSCO, the company's third-largest steel maker in the world, fell 1.32 percent after their fourth quarter earnings lower than expected. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 7, 2012 Author Report Share Posted February 7, 2012 News and Economic Review Zone Asia (Hong Kong) Hang Seng Slim Down, Only 0.05% Tuesday, February 7, 2012 Hong Kong stock exchange for trading today (7/2) closed lower thin. As of the end of trading today the stock apparently has not been able to rise due to fairly strong negative sentiment coming from Europe related to the failure of Greece's debt repayment agreement. Hang Seng Index closed down by 0.05% to 20699.19 basis points. While index futures has increased by 135 basis points to 20 783 points with the support level of 20 650 points and resistant level of 20 928 points. The shares of which are weakened CCB shares fell 0.94% to 6.32 HKD, Ping An shares fell 1.65% to EUR 62.7 and China Coal shares fell 1.97% to 9.96 HKD. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 8, 2012 Author Report Share Posted February 8, 2012 News and Economic Review Zone Asia (Japan) Stay away from Japanese Yen Fall strongest Record Level Wednesday, February 8, 2012 The euro also touch 7-week highs against the Japanese yen triggered by the stop loss buying. Japanese Yen currency also weakened as a whole on the stock. Most investors see the technical outlook for EURJPY cross rate has improved after penetrating above the resistance level of 102.00. Performance of the Japanese Yen against the dollar also fell after a report that Japan's surplus dropped sharply to its lowest level in 15-years during 2011. Observed so far EURJPY traded currency pair rose 0.42%, to a level of 102.20m after reaching an intraday highs at 102.43 area, while its daily lows at 101.69 level. USDJPY rose 0.39% while the level of 77.04 m. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 9, 2012 Author Report Share Posted February 9, 2012 News and Economic Review Zone Asia (Korea) Kospi Ends Positive Thursday, February 9, 2012 Kospi closed at a record high six months at 265.00. The index rose 0.5% lifted by the action of buying by foreign investors who are buying shares worth KRW104.5 billion. Foreign investors were buyers in 19 of 21 sessions. Shares of STX Offshore & Shipbuilding was the most actively traded stock by value. While the shipping stocks in general perform nicely on fears about Europe's debt began to erode. STX Offshore & Shipbuilding closed up 12.2% to KRW17, 000, while Hyundai Heavy Industries closed up 4.0% to KRW326, 000. Chemical stocks such as oil refining stocks also experienced a strengthening of the Hanwha Chemical +5.1% to KRW32, 900, Honam Petrochemical +3.5% to KRW395, 000, while shares of S-Oil refinery +4.7% to KRW144, 500. Utility shares fell after it was strengthened by the Korea Electric Power closed up 2.4%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 10, 2012 Author Report Share Posted February 10, 2012 News and Economic Review Zone Asia (Hong Kong) Hong Kong Exchanges Closed Down 1.1 Percent Friday, February 10, 2012 Hong Kong shares ended down today with the Hang Seng is down from a graph of resistance over the last 250 days. Hang Seng nevertheless managed to reach his sixth weekly gain. Hang Seng Index closed down 1.08 percent and increased weekly by 0.13 percent to 20783.86. China Enterprises Index turun2, 26 percent today and down 1.73 percent this week to a range of 11405.22. Shanghai Composite Index rose 0.1 percent yesterday and 0.93 percent this week to 2351.98 range from media reports that home sales will increase. Alibaba.com delayed by waiting for the announcement of the Alibaba Group. A source said the company will be included in the Hang Seng after reaching a swap deal with Yahoo. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 13, 2012 Author Report Share Posted February 13, 2012 News and reviews economic Zone Asia (China) CIC: European Bonds is not Ideal for Investors Monday, February 13, 2012 European government bonds are not ideal for long-term investors such as China Investment Corporation (CIC), the leader of a sovereign wealth fund worth U.S. $ 410 billion. CIC Chairman Lou Jiwei said CIC in a meeting to be glancing into infrastructure and real industrial projects more attractive. "For example, European bonds, such as Italian and Spanish government bonds, central bank only with a particular responsibility to invest there. You know, for commercial investment, it is very difficult to make long term investments like us," Lou said as quoted by Reuters. "Investment opportunities can be located in areas such as infrastructure and industrial projects, and projects can help economic recovery," he added. CIC recently bought a minority stake London water supplier Thames Water, the first sign of a concerted effort to bring foreign investment in the UK economy to suffer, which may pay dividends. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 14, 2012 Author Report Share Posted February 14, 2012 News and Economic Review Zone Asia (Japan) Lighten BOJ Monetary Policy Tuesday, February 14, 2012 The Bank of Japan ease monetary policy today by limiting purchases of assets amid growing political pressure to take decisive action to tackle defalsi and reduce pressures on the economy because a strong yen. The central bank will develop its asset purchases and lending schemes, where the central bank will buy government bonds and private loans and give light to the various types of guarantees, amounting to? 10 trillion ($ 30 billion) to be? 65 trillion. BOJ also menyapaikan this increase will be used to purchase long-term government bonds. BOJ also targeting consumer inflation to 1% as a policy objective. As has been diharpakan, BOJ still keep interest rates the range of zero to 0.1% by unanimous vote. Governor Masaaki Shirakawa will hold a press conference this afternoon about the news embargo. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 15, 2012 Author Report Share Posted February 15, 2012 News and Economic Review Zone Asia (Japan) AIG After the Japanese Add Yen Bond Purchase Wednesday, February 15, 2012 Japanese Yen currency plummeted to its lowest level in more than three months against the dollar after the BoJ unexpectedly expanded its asset purchase program. Japan's central bank to outwit the market by the addition of bond-purchase program of $ 128.92 billion. Purchase of these assets will automatically increase the money supply in the market and trigger inflation in order to bring the country out of a deflationary spiral. On the other hand, the Yen is already depressed due to Japan's economic fundamentals are quite bleak. Monitored by far the USDJPY currency pair has risen 0.06% to 78.47 level. Despite sharply lower, some analysts are predicting the Japanese Yen will come back strong, especially if there is speculation the bond purchase program third phase of the Fed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 16, 2012 Author Report Share Posted February 16, 2012 News and Economic Review Zone Asia (China) China Stocks corrected Thursday, February 16, 2012 China Stocks move lower before noon. The weakening of the index was led by banking stocks and the metal due to the reluctance of investors to take large positions amid concerns over the weakening domestic economy. Shanghai Composite Index fell 0.2% to 2362.46 with the nearest support level in 2350. "The market is consolidating with blue chip stocks that trade declined due to the actions of investors who wait for further instructions markets. Among actively traded stocks, China Minsheng Banking Corp. -0.2% To CNY6.41, and Inner Mongolia Baotou Steel Union Co.. -0.4% To CNY5.07. Shenzhen Composite Index rose 0.1% to 926.64. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2012 Author Report Share Posted February 17, 2012 News and Economic Review Zone Asia (China) BOC: China People's Declining Social Funding Friday, February 17, 2012 Bank of China (BOC) said the release of data that the Chinese people's total social spending fell to 955.9 billion USD in January of this. This is a sharp decline, after a year before the Chinese people's total social spending reached 800.1 billion USD. Bank of China said that this is an indicator used to measure the supply of credit in the economy, so that the economy in China can take place smoothly, secure and conducive. Other economic instruments are used as a barometer of the economy include bank loans, securities, bonds and stocks, as well as some other minor indications of the instrument. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2012 Author Report Share Posted February 20, 2012 News and Economic Review Zone Asia (Korea) Seoul shares Thin Closed Up Monday, February 20, 2012 Seoul shares closed up slightly today after briefly touching its highest point for six months due to selling by institutional investors at the end of the trading session today. KOSPI edged up 0.07 percent to 2024.90 range after rising to its highest point for six months in 2050 in the range of the previous session. European Union finance ministers expected to approve the second phase of the bailout for Greece. Institutional investors sell shares as much as 263 billion a win over the last four sessions while foreign investors bought shares as much as 163.8 billion shares. Hyundai Steel climbed 2.75 percent while Korea Zinc rose 3.84 percent and the ferrous metal sectors pushed the KOSPI rose 1.77 percent. Meanwhile, oil companies also rose because the price of Brent crude reached its highest for eight months in the range of 121 dollars per barrel after Iran stopped its delivery to the UK and France. SK Innovation, up 10.7 percent while the chemicals company LG Chem rose 2.31 percent. Poongsan Corp jumped 5.17 percent while Victek rose 4.44 percent. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 21, 2012 Author Report Share Posted February 21, 2012 News and Economic Review Zone Asia (Korea) Seoul shares sluggish Pushed Oil Price Fluctuations Tuesday, February 21, 2012 Seoul shares sluggish today after rallying the previous session as investors are still hesitant in buying the stock. Euro-zone finance ministers finally approved the second phase of the bailout of 130 billion euros to Greece after the meeting that lasted a lot yesterday. This makes it a little market activity stalled as investors are still awaiting the results of the meeting. KOSPI fell 0.6 percent in the range of 2,012,77. Purchases of foreign stocks by foreign investors fell to 55.1 billion won of shares sold. Meanwhile, institutional investors sold 154.4 billion won after the sale of five consecutive sessions. Air transportation stocks fell as oil prices climbed to its highest level in six months after Iran stopped its oil supply to Britain and France while the two largest oil consuming country in the world, America and China, showed indications of higher oil demand. Korean Air, and cargo airlines in South Korea fell 6.54 percent while Asiana Airlines, fell 4 percent. Daewoo Shipbuilding fell 3.92 percent while Samsung Heavy Industries fell 4.52 percent. Samsung Electronics rose 0.85 percent to 1.185 million after falling from record highs throughout history in the range 1.1980.000. Samsung today said that they would overcome the loss of their flat-screen LCD production by changing their focus to create a new generation of OLED. Taihan Electric Wire rose 5.99 percent, the strengthening of three consecutive sessions and rose nearly 14 percent since last February 7, after successfully getting a loan of 430 billion won. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 22, 2012 Author Report Share Posted February 22, 2012 News and Economic Review Zone Asia (Korea) Kospi closes Still Up Despite Betah in an 2020-point range Wednesday, February 22, 2012 Korean stock market for trading today (22/2) closed up and returned to continue the positive trend. Following the rise in other Asian markets, the Korean stock exchange stimulated by the presence of the impact of the rise in China's manufacturing data for the month of January which brought a good indication for the real sector in the country. KOSPI index closed up 0.22% to 2028.65 basis points. While index futures experienced a flat on the position of 267.3 basis points, with the support level of 265.33 points and 270.26 points at level resistant. The shares of which is to increase SCE Holdings shares are down 4.72% to 16.65 thousand won, Hankook Tire's shares rose 1.71% to 44.6 thousand won and Salum stock rose 8.89% to 3920 won. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 23, 2012 Author Report Share Posted February 23, 2012 News and Economic Review Zone Asia (Singapore) Singapore inflation lowest since last 8 months Thursday, February 23, 2012 Department of Trade and Industry, Singapore, on Thursday released the data that the annual inflation dropped to its lowest level in eight months, namely in January of this. This is caused by a lower contribution from existing transportation costs. Inflation in the consumer sector slowed to 8.4 percent in January and 5.5 percent in December. The decline is in line with economists' forecasts that predicted the 4.8 percent level. The lowest point of inflation in the consumer sector in Singapore was in May 2011, at the time the consumer price inflation in the sector reached 4.5 per cent. As for the monthly basis, consumer price inflation has strengthened 0.9 percent in January, after the month of December has not changed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 24, 2012 Author Report Share Posted February 24, 2012 News and Economic Review Asia Zone Stock Focus Asia Week Friday, February 24, 2012 The focus of the Asian market next week will be focused on the manufacturing PMI report shows China's expected economic slowdown affected the European debt crisis, especially after the indicated new export orders hit by problems in Europe. Further attention will be focused stability of the industrial sector in China as an appeal to continue to go on sale Apple iPad in China and China against the company's technology, Proview. Japanese factory activity reports will also attract the attention of market participants to pay attention to signal whether the economy continues to gain momentum after a difficult year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 27, 2012 Author Report Share Posted February 27, 2012 News and Economic Review Zone Asia (China) China Stocks Rise; Automotive and Oil Lead Benefits Monday, February 27, 2012 China stocks higher, with carmakers and oil companies led the gains. Shanghai Composite rose 0.7% to 2457.50 at midday, with analysts tips direct resistance at 2500. "Investors are hoping for fine tuning monetary policy further (after cutting Beijing's latest RRR), set a positive tone for the broader market, going forward we expect further gains ahead. With some minor corrections along the way," said Minsheng Securities analyst. Among the most active stock, rising car in response to recent government measures to promote domestic brands: SAIC Motor up 1.3% at CNY16.21, BYD rose 2.9% to CNY27.28. Oil companies rising crude oil prices supported higher; local oil services companies likely to benefit from price increases 10% since February 1. China Oilfield Services rose 4.8% to CNY18.27, and Sinopec added 0.5% to CNY7.67. Shenzhen index rose 1.1% to 983.53. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 28, 2012 Author Report Share Posted February 28, 2012 News and Economic Review Zone Asia (Hong Kong) Led by the property sector, Hang Seng closed up Tuesday, February 28, 2012 Hong Kong stocks close higher today supported by a thin property and financial sectors of China ahead of earnings reports are scheduled to be announced after the market close. Hang Seng closed up 1.65 percent at 21568.73 level. China Enterprises Index closed up 1.92 percent to a range of 11761.3. Shanghai Composite Index fix previous flaws and closed up 0.2 percent at 2452.86 range of gains for eight consecutive sessions and a closing since 17 November last. Chinese banks to increase booster Hang Seng after the government allowed a new loan even though the new government lending operation completed 60 per cent. Industrial and Commercial Bank of China Ltd. and China Construction Bank Corp. to be the best rise to the strengthening of their respective 2.7 percent and 1.9 percent. Sung Hung Kai rose 2.6 percent after it announced its earnings in 2011. Country Garden Holdings Co Ltd, rose 3.4 percent in 2011. Evergrande Real Estate Group Ltd rose 4.4 percent. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 29, 2012 Author Report Share Posted February 29, 2012 News and Economic Review Zone Asia (Korea) Kospi Ends On Positive Zone Wednesday, February 29, 2012 Kospi closed 1.3% positive at 267.75. The U.S. market following the index gain. Analysts say foreign investors are still the main contributor to the strengthening Kospi where most of the Korean stock purchases. "The share buyback is carried out by foreign investors is likely to continue until March, but the rate of gain was slower than in January and February," wrote Daewoo Securities. The index will still be burdened by the strengthening of oil prices. Hasi auction market awaited the ECB LTRO today. Samsung Electronics soared 1.8% to its highest level in KRW1, while LG Electronics 206 000 +3.5% to KRW85, 400. Auto manufacturers gained after being weakened. Hyundai Motor +3.6% to KRW216, 000. Shipping stocks also rose due to increased orders. Daewoo Shipbuilding + 5.1% to KRW35, 950. Korean market on Thursday (01/03) close to the holiday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted March 1, 2012 Author Report Share Posted March 1, 2012 News and Economic Review Zone Asia (Hong Kong) Hang Seng Weakens Amid Week Thursday, March 1, 2012 Hong Kong to ease the movement of post-2012 closed at its highest level in two previous sessions. Hang Seng Index fell 0.7% to as low as 21,518.17. Rolled between the index range from 21.000 to 21.800 for eleven consecutive sessions. But could still upward when viewed from the market reaction following the release of corporate earnings data. Analysts to revise down its own enterprising Hong Kong corporate earnings projections. Some of the outstanding shares today are: Citic Pacific (0267.HK) fell 1.4% to HK $ 14.40. While China Overseas Land (0688.HK) performed worse with the correction reaches 4.8% to HK $ 15.48. Relatively moderate volume of market transactions worth HK $ 39.47 billion. Quote Link to comment Share on other sites More sharing options...
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