News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

SocGen: BoJ Probably Will Return 'softened'

Friday, April 6, 2012

 

Japan's central bank is likely to re-view of monetary easing in policy 2-day meeting will begin on next Monday, according to analysts at Societe Generale, with increasing political pressure to urge the Bank of Japan to be more aggressive in combating deflation.

 

SocGen Chief Economist Japan, Takuji Okubo, on Friday said that the BoJ increased the pressure on after the ruling Liberal Democratic Party filed a discourse of legal reform that would give the Cabinet the authority to dismiss the head of Japan's central bank in case inflation falls below target.

 

SocGen also estimates that if the BoJ will add around? 5 trillion ($ 60.63 billion) into their asset purchase program.

 

"Under such political pressure, the BoJ seems to need to increase support to ward off deflation," said Okubo.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei weakens, U.S. stocks carry negative

Monday, April 9, 2012

 

Japanese stock market for trading today (9/4) was recorded as having impairment. Still off the Hong Kong stock market and the weakening of the U.S. stock market in trading last Friday gave a less favorable situation for investors. Moreover, at the same time oil prices have weakened the position of 102 dollars per barrel.

 

Nikkei index fell by 1.5% to 9546.26 basis points. While index futures declined by 19 points to 9535 basis points, with the support level of 9513 points and resistant level of 9691 points. The broader Topix index fell by 1.5% to 813.69 basis points.

 

Stocks that declined include Hitachi Construction stock is down 2.3% to 1707 yen, Komatsu Ltd. shares fell 2% to 2296 yen and TDK Corp. shares fell 1.7% to 4365 yen.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Drain Gain slowdown issue Hang Seng

Tuesday, April 10, 2012

 

The issue of China slowdown has adversely affected the performance of the Hong Kong stock exchange.

 

Hang Seng Index fell 1.1% to the observed 20 296 after China import data further prove that the economy is slowing. Country's import volume rose 5.3% in March or lower than analysts' projections, 9.3% and a record 36.9% in February. So far, the Hang Seng was up the correction of as much as 6 times in 7 sessions. Economic anxiety is a trigger factor, but the condition is complicated by the expectations of monetary easing that did not come. Meanwhile, China's inflation was above market expectations.

 

Nomura investment institutions stated that the Chinese government will continue to accommodate growth climate. Among the cuts interest rates 25 basis points this month and the reserve requirement by 50 basis points in May. The Government will review its policy again on April 13, when a series of macro data was released. Trading volume in Hong Kong until this sat at HK $ 26.17 billion.

[mynameisandhy]

News and Economic Review Asia Zone

 

ASEAN not protect the local industry

Wednesday, April 11, 2012

 

In his written statement, Oxford Business Group's Regional Editor for Asia Editor Paulius Kuncinas convey that investors assess the ASEAN Talah failed to protect local industry and appreciate the benefits together.

 

With a total population of 1.5 billion and the total economy over $ 1.5 trillion, Asen has been known as psuat reginal strength in emerging markets are known to all international investors thanks to a solid macroeconomic indicators and the performance is improved as is the case in Indonesia.

 

But in his explanation on the Road Map Asen Economic Community (MEA) there are still doubts about the political will to achieve integration goals.

 

The benefits of ASEAN integration and re-presented at this time to make influential political and economic entities globally and GDP per capita membangu increase and improve the quality of life for its citizens.

 

With the ASEAN Community lalgi built only three years in 2015, there are no special measures are taken to accelerate the integration.

 

Even in the Summit last April 3 and 4, which is discussed in-depth integration does not work send a clear Signals for the global investment community that ASEAN countries are ready to seize opportunities in global capitalism.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hang Seng Session I Strengthens 1%, Rebound Post-Correction

Thursday, April 12, 2012

 

In the first session of trading today (12/4) Hong Kong stock market that previously had been weakened streak, now experiencing a rebound after positive sentiment coming from the U.S. stock market rose overnight and that there is speculation the Federal Reserve monetary policy.

 

Session of the Hang Seng Index rose by 1% to 20342.22 basis points. While index futures has increased by 281 basis points to 20 366 points with the support level of 20 067 points and resistant level of 20 406 points.

 

The shares of which is to increase Pasifi Citic shares rose 0.31% to INR 12.82, China Unicom shares rose 1.1% to EUR 12.84 and shares of China Mobile rose 0.6% to 83.85 USD

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

The focus was on the banking sector, Hong Kong rose

Friday, April 13, 2012

 

Hong Kong stocks rose this afternoon. Investors seem to be indifferent to slow China's economic development and focus attention on China's banks granted loans.

 

China's GDP grow slowly in the last three years in the first three months of 2012 yesterday with the development of 8.1 percent. range below the predictions of experts who predict an increase of 8.3 percent. the data is released one day after the announcement of an increase in the number of loans in Chinese banks by more than 1 trillion yuan in March.

 

The banking sector led the kenaiakan and pushed the Hang Seng rose 1.6 percent to a range of 20653.99. China Enterprises rose 2.4 percent. This increase is the best day hike in the last two months.

 

Shanghai Composite rose 0.2 percent after the GDP data was released.

 

China Construction Bank rose 2 percent and a rise in stocks with the best on the day ni hang Seng. ICBC rose 2.8 percent while Agricultural Bank of China rose 4.2 percent.

 

Smaller banks also jumped. Citic Bank rose 5.7 percent, but it's the most attractive stocks in the China Enterprises Index.

 

Cement maker, Anhui Conch, which became the most attractive stocks in Hong Kong last ten days rose 2.5 percent.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Yuan fell to the lowest

Monday, April 16, 2012

 

Yuan weakened to its lowest point since nearly three months against the dollar. China central bank doubled the number of trades, this signifies a decline in the currency market. Central Bank of China to allow the movement of one percent of the daily trading limit after keeping the trade in the range of 0.5 percent since May 2007.

 

The dollar index, which is a comparative value of the dollar with six other currencies, rose 0.3 percent. dollar index had surged 0.8 percent on 13 April. yuan volatile index jumped 33 points to the base of the range of 2.625 to around its highest since 30 September last year.

 

Yuan fell 0.24 percent to 6.3138 per dollar range. Sempatturun yuan the previous 0.35 percent. The Central Bank predicts China's yuan fell 0.13 percent to 6.2960 per dollar range.

 

While in Hong Kong market, the yuan fell 0.19 percent to 6.3112 per dollar range.

 

An expert predicted the yuan would be in the range of 6.10 dollars at the end of 2012, up 3.5 percent. over the past few years, every year the price of the yuan to rise 5 percent. This year, the yuan fell 0.42 percent, the worst-performing currency in Asia after the yen.

[mynameisandhy]

News and Economic Review Asia Zone

 

Images of the Global Economy Regional undermine Stock

Tuesday, April 17, 2012

 

Today (17/04) most of the regional market is moving down due to concerns regarding the re-emergence of European debt is weighing on market sentiment. Nikkei flat, S & P / ASX -0.3%, -0.7% HSI, Kospi -0.4%, -1.9% Taiex, Sensex +0.8%, Shanghai Composite -0.5%, -0.5% STI, and the NZX-50 +0.2%.

 

While the forex market was reported that the U.S. still continues weakening against the USD due to concerns over the cost of debt weighing on sentiment in Spain that the single currency. EUR / USD at 1.3109 from 1.3142 on Monday night in New York, EUR / JPY at 105.35 from 105.63, and USD / JPY at 80.39 from 80.40. RBI cut its lending rate by 50 bps to 8.0%. Trimming the market consensus of 25 bp. Opportunities for RBA rate cut next month if global economic growth slows, according to minutes of the meeting of policy makers on 3 April.

 

The value of oil exports out of Singapore for the month of March fell 4.3% per year, below the rise in February by 30.4% per year and below market expectations of an increase of 8.2%. China FDI falls 6.1% per year to $ 11.76 billion in March, the figure is above the data in February at $ 7.7 billion. The price of gold at $ 1647.70, down from a closing NY. May Nymex crude oil fell 7 cents to $ 102.86/barrel.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

International market excited again, to strengthen Hong Kong

Wednesday, April 18, 2012

 

Hong Kong managed to rebound after declining the last two days. international market as China's economy seems eager to show signs of recovery.

 

Hang Seng rose 1.2 percent to 20808.86 managed to offset a decline in the range of that experienced over the last two sessions. Shanghai Composite up 1.3 percent.

 

PetroChina rose 2.7 percent, the highest increase as well as a contributor to China stocks in Hong Kong. The highest increase was also experienced by financial firms. China Construction Bank and ICBC rose massing each 1 percent.

 

HSBC Holdings stock up 1.7 percent over the fading concerns about the euro zone. Bond auctions are feared to be quiet it showed encouraging results yesterday. Madrid to sell 3.2 billion euros of bonds with maturity of 12 and 18 years. The range is higher than its sales target of only 3 billion euros. Most of the demand coming from domestic banks.

 

The majority of Chinese banks might report its first quarter earnings next week. While China's property sector ended the previous decline. Property sub-index in China rose 1.6 percent. The increases were achieved despite data showing house prices falling since the government regulations regarding restrictions on house building two years ago.

 

China listed on the Shenzhen Vanke rose 2.6 percent. Polly Real Estate rose 3.4 percent.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Weakens, Spanish Press Budget Deficit

Thursday, April 19, 2012

 

After yesterday had experienced a significant increase, the Japanese stock market today (19/4) closed lower by investor concerns over the possibility of the emergence of financial crises in Spain. It comes after Prime Minister Mariano Rajoy said that the Spanish government will work hard to address the budget deficit.

 

Nikkei index fell by 0.7% to 9597.71 basis points. While index futures has increased by 26 points to 9645 basis points, with the support level of 9573 points and resistant level of 9655 points. The broader Topix index declined by 0.5% to 815.4 basis points.

 

Stocks that declined include Nikon's stock is down 2% to 2342 yen, Canon shares fell 0.9% to 3785 yen and Inpex shares fell 1.1% to 520 000 yen

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Kospi closes weakens, Far More than 2000 points

Friday, April 20, 2012

 

Korean stock market for trading today (20/4) closed lower. Follow the movement of Asian stock markets today, the Korean stock exchange resumed a negative trend and again failed to hit a 2000 basis points due to concerns about the sentiment against the financial crisis that occurred in Spain.

 

Kospi index ended down by 1.26% to 1974.65 basis points. While index futures declined by 3.8 points to 262.25 basis points, with the support level of 262.51 points and 265.21 points at level resistant.

 

Stocks that declined include Kia Motors stock was down 0.12% to 79.9 thousand won, the stock fell 0.27% Holdings Norron to 7360 won and Daelim Industry shares fell 3.88% to 111,500 won.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hong Kong experienced the steepest decline

Monday, April 23, 2012

 

Hong Kong Stock Exchange suffered its worst daily decline since the last six weeks today. China Mobile fell 3 percent after the number of subscribers in March and then decreased.

 

Hang Seng closed down 1.8 percent in kisarsan 20624.4. China Enterprises Index in Hong Kong closed down 2.2 percent. Shanghai Composite Index closed down 0.8 percent to 2388.6 range.

 

The sharpest decline in today's experienced by China Mobile (CM), which fell from its highest range for the past month. after the market closed on Friday, China Mobile announced a number of customers who seem less drastic.

 

Experienced decline in the Hang Seng today is the worst decline since March 6. Hang Seng closed below the resistance level. Hang Seng had rebounded from its lowest range in October 2011 last. highs in 2012, Hang Seng was in the range 20 751.

 

Market reaction to the results of a survey of Chinese manufacturing activity for the month of April did not seem to stand out. The data show that Chinese factories have the best performat though manufacturing activity is shrinking in the last six months.

 

The decline in the Hang Seng today is the fourth worst decline this year. Hong Kong shares are expected to continue weak throughout this week as investors are still waiting for economic data and earnings from some major companies in China.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei Ends Minus, Vulnerable Advanced Correction

Tuesday, April 24, 2012

 

Japan's Nikkei index closed last fall as much as 0.78% in trading on Tuesday (24/4) and add the ground up since the index value broken down significant levels of 10.000 at the beginning of the month.

 

The main index Nikkei (. N225) closed down by 74.13 points to 9,468.04 level. While the Nikkei index futures (SSIamM2) ends also slumped 0.32% or -30 at the 9480 level. Mainly due to drop in the Nikkei dragged down by Wall Street are corrected due to warming of the European political situation.

 

In addition, a decrease is also due to Wal-Mart shares fell sharply in relation to the issue of bribery in the body's release of the company. Wal-Mart shares collapsed as much as 4.7% to U.S. $ 59.54 lead to the weakening of the Dow after a report from the New York Times mentioned the issue of bribery of the firm's expansion into Mexico.

 

Factors also contribute to the strengthening yen on Nikkei decline because of the conditions that will further undermine the performance of exporters so that investors are now concerned with the competitiveness of Japanese companies in international markets. For subsequent sessions, because the weekly Stochastic indicator is still showing bearish pattern, then this condition also affects the daily movement (intraday).

 

While the two Moving Average (MA-13 ​​and MA-26) began to turn the direction of suggesting that the Nikkei is also prone to correction. So in anticipation of a decline, there are some prisoners-daily support that is available in between 9420 and 9370 to 9340 or even 9295 (Fibonacci 38.2%). However, the rally is limited to at least be able to bring the index to the resistance until 9570 9500 then 9530.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hong Kong stock exchange gave up and closed down

Wednesday, April 25, 2012

 

Hong Kong stock exchange gave up after a rise in the previous session. Today Hong Kong shares closed down as the fall of the Chinese Internet company Tencent Holdings. A media said that the Beijing government will offset the cost of housing.

 

Hang Seng closed down 0.15 percent at 20,646,29 range. China Enterprises Index closed down 0.04 percent to 10812.79 range.

 

Shanghai Composite Index closed up 0.75 percent to 2406.81 range.

 

Internet companies declined terparahnya Tencet Holdings since last more than five bullae after Baidu Inc. plunged more than 10 percent yesterday. Baidu, a Chinese internet company, predicting its earnings would fall below Wall Street expectations. Tencent was closed in the range of all-time highs yesterday, but fell 4.7 percent today.

 

Foxcom International Holdings Ltd, a supplier of components for Apple Inc rose 2.7 percent after Apple Inc. 's earnings more than doubled from the previous line rampant iPhone sales, especially in China.

 

China's property sector seemed excited after a report showed that the Minister of Housing and stimulation of development will be done in the property sector to prevent the collapse of the sector proficiency level.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hong Kong Stock Exchange surged helped China Unicom

Thursday, April 26, 2012

 

Hong Kong stocks rose today helped by surging China Unicom after the company reported that revenue rose perkuartalnya.

 

Chinese exchanges seemed a little weaker. CSI 300 Index flat and the Shanghai Composite Index fell 0.2 percent in Shanghai.

 

Hang Seng Index rose 0.5 percent while the China Enterprises Index in Hong Kong rose 0.6 percent.

 

Today, China Unicom, the second largest mobile phone company in China, rose 2.9 percent in Hong Kong and 0.5 percent in Shanghai after announcing its first-quarter earnings rose yesterday. China Unicom is also experiencing a surge in demand from its customers.

 

China Unicom became the best-performing stocks in the Hang Seng Index in the past year with a jump of 47 percent. but this year, China Unicom fell nearly 18 percent. China Mobile rose nearly 12 percent.

 

BYD Co Ltd, a Chinese car company backed by U.S. billionaire Warren Buffett, fell 5.2 percent in Hong Kong and 3.4 percent in Shenzen. The company's revenue fell 90 percent in the first quarter due to sluggish demand for cars in America.

 

ZTE Corp, a manufacturer of tools telekomonikasi fifth largest in the world, is also weak as revenue in the first quarter were lower than expected. ZTE fell 1.7 percent in hogn Kong and 2.6 percent in Shenzen. China Everbright International Ltd. rose 6.7 percent.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ Continue buying bond program

Friday, April 27, 2012

 

The Bank of Japan resumed the bond purchase program for? 10 trillion ($ 124 billion) after the world's third largest economy is showing weakness and after the policy makers are pressured to do more aggressive inroads.

 

BOJ will raise funds to buy assets worth? 40 trillion in June 2013 compared to the previous target? 30 trillion at the end of this year, as stated in its announcement today in Tokyo.

 

BOJ Governor Masaaki Shirakawa was forced to issue a more aggressive policy to overcome deflation in more than a decade. Today the BOJ also said that the inflation target is dilevel 1% will soon be achieved, an estimate of the discouraging effect of the stimulus today, according to Credit Suisse Group AG economist.

 

Policy makers also keep interest rates between zero and 0.1% today. Fund asset purchases have become a major tool for overcoming the crisis since lowered interest rates to near zero at the beginning of the financial crisis of 2008.

 

The central bank also plans to increase the maximum maturity of the bond purchase program of three years from two years. Return for 10-year benchmark bond fell 1.5 basis points kelevel 0.895% after the announcement.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Review KOSPI: Attempting to Follow Wall Street

Monday, April 30, 2012

 

Until mid-April, the stock of South Korea (KOSPI) was hit by a correction due to rising tensions on the Korean peninsula after the long-range missile test North Korea's.

 

Of the fundamental line, the emergence of a number of unsatisfactory data helped foster concerns about high inflation and economic slowdown. Gain obtained KOSPI index trimmed by the negative performance of China's GDP in the first quarter as well as American payrolls report.

 

But gradually KOSPI finally began to recover slightly and the opportunity to rally in May. In addition to be carried by the strengthening trend of the Dow Jones index, KOSPI also received support from the policy interest rate imposed by the Bank of Korea. 3.25% interest rate level is very friendly to investors who like to play in the export sector.

 

Domestically, the South Korean stock market does not have significant obstacles to record a new rally. However, there are many external issues are prone to trigger a correction, ranging from the decline in China's export performance, recession and the euro zone has not restored the labor sector in the United States. The potential of such sentiment would be the major obstacle for the KOSPI index in May.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Nikkei tumbles amid May Day holiday

Tuesday, May 1, 2012

 

Pause until the afternoon session (Tuesday, 1/5), a quiet movement of many Asian markets dominated by Tokyo Japanese stock market because of China, South Korea, Taiwan, Thailand and the Philippines today regarding closed Labor Day or May Day worldwide.

 

Japanese stock market had just opened after a holiday yesterday, immediately pressured by exporters due to the strengthening of the yen broke back sharply to below 80 yen, and the strengthening of the first time since late February. The weak dollar against the Japanese currency, plus the U.S. stock market correction following a poor manufacturing activity data (PMI) district of Chicago, a negative catalyst for the Japanese market. Tokyo bourse index closed down declining to minus 215 (Nikkei futures) to the 9330 level or -2.25%.

 

While the market's attention was distracted by today's interest rate decision from Australia's central bank is quite surprising the market. Bank of Australia (RBA) decided unexpected interest rate cut by 50 basis points to 3.75% from the previous 4:25%, while market expectations will only 25bp cut. Besides the fundamental data releases will appear menufaktur the data from the British and the American Red Cross who are both expected to decline.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

Hong Kong Stock Exchange closed vibrant

Wednesday, May 2, 2012

 

Hong Kong Stock Exchange closed at its highest range of the past six weeks helped by the financial sector. Data from the U.S. is strong and growing Chinese PMI also helps increase in Hong Kong stock exchange today.

Hang Seng closed up 1.02 percent to 21309.08 range. China Enterprises in Hong Kong rose 0.59 percent. while the Shanghai Composite closed up 1.76 percent to 2438.44 range, close to its highest range in April.

Investors seem looked at the banking sector and insurance companies of China after the two companies to increase profits in the first quarter. In addition, investors also seemed eager for a positive China PMI data. Citic Bank and Minsheng Bank, up respectively two and 1.4 per cent.

China PMI, released a powerful make the company's stock as Jiangxi Copper rose. Jiangxi Copper and Zijin Mining rose 2.7 per cent respectively, almost three times that of the average range of 30 day.

[mynameisandhy]

News and Economic Review Zone Asia (Hong Kong)

 

The banking sector continued to press the Hang Seng

Thursday, May 3, 2012

 

Hong Kong stocks slipped today led by banking stocks China. Domestic investors in Singapore, Temasek Holdings will sell its stake in two of the largest bank in China.

 

Chinese bourse also fell with the CSI 300 Index fell 0.2 percent, the Shanghai Composite Index fell 0.4 percent, down from the closing of the best in the last seven weeks.

 

China Enterprises fell 1.6 percent. Hang Seng fell 0.5 percent, down from a closing high reached in March. on 20 February, the Hang Seng was up to around 21 760, which is the highest range throughout 2012. Hang Seng is currently 2.5 percent below that range.

 

China Construction Bank fell 3.3 percent to 5.96 Hong Kong dollars. Bank of China fell 4 percent menjad 3.99 Hong Kong dollars. Both the company's stock into shares of the weakest in Hong Kong today.

 

Temasek to sell its stake for 1.61 billion U.S. dollars. Is not yet clear who will buy the shares.

 

Chinese banking stocks as a whole rebounded in 2012 after declining sharply in 2011 and then. however, last week's "Big Four" record first-quarter profit weaker than expected. This will further add to concerns that China's economy continued to slow.

[mynameisandhy]

News and Economic Review Zone Asia (China)

 

Exchanges between China volatile increases and decreases

Friday, May 4, 2012

 

Exchanges between China float rises and falls as investors who berspeklulasi that the Chinese central bank will probably take a stand over the lack of economic perkembagan.

 

Jiangxi Copper Co. and Tongling Nonferrous Metals Group Co. dropped after the United States growing industrial sector is weaker than predicted. China CNR Corp rose 0.9 percent.

 

Shanghai Composite Index fell 1.40 points, or 0.1 percent, to 2438.68. CSI 300 Index rose less than 0.1 percent to 2692.07. That leads this week's CSI 300 rose by 1.8 percent.

 

During the year the Shanghai Index rose 10.9 percent on speculation that the government would intervene to resolve the slow economic growth. Yesterday, about 10.32 billion shares exchanging hands on the Shanghai Composite or 30 percent higher than the average range this year.

 

The Chinese government has menguarangi lending requirements for banks twice since November. Nevertheless, interest rates maintained in the range of its highest since November 2008.

 

The MSCI index fell 0.2 percent. Jiangxi Copper fell 0.8 percent to 27.54 yuan and Tongling fell 0.5 percent to 22.74 yuan.

 

Institute in for Supply Management said its nonmanufacturing index that fell to the lowest range for four months in April, to around 53.5.

[mynameisandhy]

News and Economic Review Zone Asia (Korea)

 

Won experienced the steepest decline

Monday, May 7, 2012

 

Won the sharpest decline in the last month and increased government obligsi after data U.S. job market is weaker than expected. The results of the vote in France also adds to concerns that had been spread in the euro zone.

 

Candidate of the Socialist Party, Francois Hollande was elected president of France. Sementra that there are four banks in Korea are suspended for failing to achieve its operational activity of the financial criteria of the South Korean financial policy makers. And KOSPI fell to around its lowest since December last year, following in the footsteps of U.S. stocks.

 

The won weakened 0.6 percent to 1138.50 per dollar range. The decline was the biggest decline since April 4. volatile won rose 42 basis points, or 0.42 percent to 7.80 percent.

 

Bank of Korea likely will hold interest rates in the range of 3.25 percent the same as 10 months before the next meeting March 10.

 

South Korean government bonds with maturity in December 2014 fell five basis points to 3.37 percent, according to data from the Korea Exchange. The range is the weakest since February 1 last. bonds with a maturity of three years naik0, 13 points today to 104.48. Bonds with a maturity of one year fell two basis points to 3.45 percent.

[mynameisandhy]

News and Economic Review Asia Zone

 

Regional exchanges Crop Losses

Tuesday, May 8, 2012

 

Most of the regional markets showed positive performance after yesterday's sharp drop was due to concerns over the political map changes that occurred in Europe and its implications for the euro zone economy. Nikkei +0.7%, S & P / ASX +0.2%, HSI +0.2%, Kospi +0.5%, +0.1% Taiex, Sensex -0.1%, -0.2% and Shanghai Composite.

 

In the forex market, it was reported that the U.S. showed little reinforcement with EUR / USD at 1.3032 from 1.3052 on Monday night in New York, EUR / JPY at 104.20 from 104.29, and USD / JPY at 79.96 from 79.91. Australian finance minister, Wayne Swan will report the cabinet budget at 16.30 pm. He will malaporkan suplus budget for the coming fiscal year with a trade deficit of A $ 1.59 billion in March, larger than in February of A $ 754 million and the expected deficit of A $ 900 million.

 

The New Zealand government recorded a deficit of NZ $ 6.1 billion for the nine months to March. Larger than expected in October forecast of NZ $ 787 million. South Korea's producer prices rose 2.4% per year in April versus March, an increase of 2.8%. Data is the lowest since February 2010. The price of gold at $ 1,628.10, while the June contract on the Nymex oil $ 96.98/barrel.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

Translucent 100-Day MA, USDJPY Bearish

Wednesday, May 9, 2012

 

Phase USDJPY decline from its highest level at 84.17 March 15 has been continued until today. Having had time to try to re-approach the psychological level of 80.00 in early trading Wednesday, USDJPY should be going down to penetrate the 100-day MA at around 79.70, to touch the daily lows at 79.42 ahead of the opening session of Wall Street.

 

USDJPY is currently offered in the range of 79.55, or about 0.4% below its opening price today.

 

Referring to the movement of the analyst Deltastock.com, Stoyan Mihaylov, estimates that if the pair will still be moving toward the 78.30-50 area. "Failure to return the highest level reached yesterday at 80.07, followed by penetration of 79.70 has been further strengthened by the bearish pressure towards the target zone of 78.30-50," he said.

[mynameisandhy]

News and Economic Review Zone Asia (Japan)

 

BOJ declared its seriousness, weaker yen

Thursday, May 10, 2012

 

en and the dollar fell against other currencies as Asian stocks that seemed excited. Demand for the dollar and yen are rampant lately a bit sluggish.

 

Yen erase gains after members of the Bank of Japan, Sayuri Shirai expressed its seriousness in overseeing the development of the yen. Meanwhile the Australian dollar continued to rally after the release of unemployment data which unexpectedly fell to its lowest point in April.

 

Sementra was limited demand for the euro by Greece are still constrained in the formation of his coalition government.

 

The yen weakened 0.2 percent to 103.25 euros range. Yesterday, the yen rose 0.9 percent against the euro. The yen declined slightly against the greenback in the range of 79.67 per U.S. dollar. While the euro looks a little brighter with rose 0.2 percent to 1.2984 per dollar range. Yesterday, the euro had touched its lowest range since January 23 in the range of 1.2912 per U.S. dollar.

 

The Aussie rose 0.5 percent to 1.0104 per dollar range. Against the yen, Australian dollar rallied 0.6 percent to 80.50 yen range.