News and Reviews Asian Economic Zone

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hong Kong Exchanges Weakens Still Negative Sentiment Boosted European Condition

Wednesday, November 16, 2011

 

 

In trading on the Hong Kong stock exchange this morning a significant decrease (16/11). Hong Kong stocks moved lower despite the end of trading on Wall Street early this morning positively. Market players apparently still quite worried about the financial condition of the European region so that the negative sentiment is still quite thick.

 

Index futures hang zinc for the November contract has a position opening at 19 419 points. Position opening this morning seemed to increase compared to previous close of trading positions and positioned at 19 291, or recorded an increase of 128 points.

 

Meanwhile, the index spot hangs zinc appear to have a significant decline over deteriorating sentiment towards Europe. Spot index hangs zinc decreased by 107.71 points (0.56%) at position 19240.73 points.

 

Shares in Hong Kong have weakened the movement. HSBC recorded a decline of 0.8 USD to 61.25 USD. Henderson Land fell by 0.85 EUR to 40.10 EUR position. Hutchinson declined by 0.6 USD to 69.95 USD.

[mynameisandhy]

News and Economic Review Asia (China)

 

China's stock market fell, the lowest in 3 weeks

Thursday, November 17, 2011

 

Chinese stock markets today closed at its lowest level in three weeks after China's central bank issued a statement regarding the supervision of inflation and investors speculated that the presence of new shares in the register will be making cuts in funding from the old stock.

 

China Life Insurance Co.. and Ping An Insurance Group Co., as the largest insurance company in that State shares fell 1.3 percent after New China Life Insurance Co.. won approval from regulators regarding the public offering, initial public offering. Sinohydro Group Ltd.., Dam builders who began the trade [in the last month, its shares fell 0.9 percent. ZTE Corp.. became the leader of the telecom sector stocks, trying to hold katuhnya further market after the company declared that they would offer a computerized service for the State's largest user in the world.

 

IPO is conducted by the New China Life Insurance into the market while retaining for the IPO market players khawator make the market fall. Investors are also awaiting the latest developments of the European settlement of the debt crisis.

 

Shanghai composite stock index fell 3.91 points, or down 0.2 percent, to 2,463.05 level after the market trades back and forth at least nearly 34 times. CSI 300 index also fell 0.3 percent to as low as 2,662.02. Bloomberg index of China-US 55 rose 0.8 percent.

[mynameisandhy]

News and Economic Review Asia (South Korea)

 

Sued Apple, Samsung decided to redesign the Galaxy Tab 10.1

Friday, November 18, 2011

 

Samsung finally redesigned (redesigned) tablet computer products after several defeats in the Apple lawsuit. This type of tablet that in redesigning the Galaxy Tab 10.1. Apple objected because the design of Samsung's product is very similar to the look the iPad circulating in the European Union.

 

South Korean company said the results of the redesign will go on sale later this month. Some of the display is overhauled the design of metal frames and speaker device.

 

"Samsung decided to introduce this new version to meet consumer demand for our products are innovative and unique," said a spokeswoman for Samsung.

 

During these two giant companies are at loggerheads. Apple accused Samsung always steal or imitate the ideas he had.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

HSI Down 2.0%; Market Will Remain Weak

Monday, November 21, 2011

 

HSI 2.0% lower at 18,124.93, marking the fifth consecutive decline, weighed down by concerns over the budget talks in the U.S. and euro zone debt issues.

 

"on issues of euro-zone debt and the U.S. deficit will continue to weigh on the market because investors are remaining cautious," said Soouth China Research.

 

Tips HK bourse to remain weak in the short run and test the support of 18,000 to the fore. Bank of China fell 3.1% at HK $ 2.48, after news of the Foundation Chairman of Cheung Kong, Li Ka-shing cut its stake in BOC H-Shares during 3Q (based on bank reports 3Q). Mild local bourse volume at HK $ 28.36 billion.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei decline wiped out, rose from the level below 8 months

Tuesday, November 22, 2011

 

Nikkei penurunanya wiped out after being dropped to the level of decline in eight months today because of the sell risky assets over the lack of development of debt problems in the U.S. and Europe, but investors still amengatakan index likely will continue to fall into decline at the beginning of the earthquake in March.

 

Tokyo Stock Exchange and Osaka Securities Exchange Co. Ltd. announced they will merge to form the world's third largest stock exchange, thus bringing the Osaka stock exchanges rose.

 

Market participants said there was reluctance to push down the prices of holidays in Japan ahead of next Wednesday amid debt problems overseas, the risk of decline below the 8.227 level and try to touch on 15 March.

 

The Nikkei slumped 0.4 percent in thin trading to 8,314.74 after the beginning of the session had dropped down to the level of 8,261.01. But the Topix index rose 0.1 percent to as low as 717.79 after a drop to a level of decline in the last two and a half years at 709.86.

 

In the U.S., a bipartisan deficit reduction committee admit defeat and abandon efforts to three months of negotiations to get pamnagkasan budget of $ 1.2 trillion.

 

Concerns are also mounting about the debt crisis of Europe, with Moody's said the rise in interest rates over the current French government debt and the weakening outlook for economic growth may likely result in negative credit rating for France.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Material and financial drag Hong Kong to closure

Wednesday, November 23, 2011

 

Hong Kong stocks end the trading session Wednesday with a decline, dragged down by shares of material and financial-related stocks after investors turned to stock sales by cyclical risk aversion remains high in global markets.

 

Hang Seng Index ended up 2.12 percent at 17,864.43 level. China Enterprises index ended down 2.76 percent at 9,476.15 level.

 

Shanghai Composite Index ended down 0.73 percent at 2,395.06 level, continuing the decline for the sixth consecutive session. The index is also closed at its lowest level in nearly a month on worries China toward the possibility of economic hardship after a survey showed factory sector fell drastically in 32 months.

 

Is also incriminating rotational sales Hang Seng index and profit-taking on the material and financial stocks, following weak overseas markets of Europe noza debt worries and gloomy U.S. growth data.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Back Stronger Yen

Thursday, November 24, 2011

 

The yen rose against 16 major trading partner currencies was along with the increasing demand for the yen as a safe-haven assets. Investors remain worried about the potential transmission of the euro-zone debt crisis and debt problems further U.S. after Congress failed to find a way to trim the deficit. Moody's warning of the potential credit trimming Japan also failed to dampen the yen's strength. "The yen is still ogled as a safe-haven assets due to protracted debt problems in Europe and the U.S.," said Satoshi Okagawa, an analyst at Sumitomo Mitsui Banking.

 

"Europe is heading towards a recession," said Koji Fukaya, a strategic Credit Suisse Group. "Investors will continue to stay away from the euro due to debt problems that now threaten Europe plunged into recession." Italy will be auctioned bonds worth € 8 billion tomorrow. Yield 10-year German bonds rose 22.9 bps, the biggest rise since 1990, due to start ragunya investors will safe-haven status of German bonds.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

New BoJ Intervention Strategy Review

Friday, November 25, 2011

 

Bank of Japan has sent a questionnaire to the major banks asking if they can help do the BoJ intervention in the forex market abroad; this sinyalkan central bank center review the latest strategies to fight the strong yen. BoJ has done a survey of financial institutions in Tokyo during the last two weeks both oral and written, according to Dow Jones resource.

 

This survey asks several questions about how banks can help BoJ interventions. Some market participants see this consider the middle of the central bank signaled a new tactic to control the yen. Some even see the possibility of central bank intervention policy do secret interventions during the sessions of London or New York. "Are you a branch overseas transactions can take orders from us? '", Written in the survey.

 

Traders see the secret intervention abroad can effectively keep the yen from falling below a certain level of recall during this Japan only intervene during Asian trading hours. Traders believe the BoJ may act again if the dollar weakens to pass level 75 against the yen.

 

Meanwhile, the yen weakened on the New York session. USD / JPY has traded 77.69, near the high levels of daily 77.73

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Technology and development prop Seoul Stocks

Monday, November 28, 2011

 

Seoul shares rebound in session Monday after the post the biggest weekly decline in nine weeks, with the rise in technology stocks including Samsung Electronics and LG Electronics led gains.

 

Reports that the International Monetary Fund assistance to Italy mempertinbangkan center continues to drive the market, analysts said, with institutional investors buying a net 370.6 billion won, or the equivalent of $ 318.19 million worth of stock, buying a third consecutive session.

 

Korea composite stock price index (KOSPI) finished up 2.19 percent at 1,815.28 points level. KOSPI 200 Index rose 2.4 percent.

 

Technology stocks rose on expectations of improved sales in the U.S. during the holiday season.

 

People visiting crowded stores and websites over the Thanksgiving weekend in the U.S., and the average spending per person increased 9.1 percent when the hunters pursue discount prices, the National Retail Federation survey showed Sunday.

 

Shares of Samsung Electronics Co. Ltd. rose 3.3 percent. LG Electronics Inc. jumped 8.6 percent, its biggest ahrian persenatse increase in the last two months. LG Display Co. Ltd. rose 6.3 percent.

 

Construction company's shares rose on expectations during a series of overseas contract in December to restore investor confidence in the sector.

 

Daewoo E & C, up 3.5 percent on Friday after the company announced late last week awarded a contract worth 830 billion won, or the equivalent of $ 712.6 million to build a geothermal power plant in Nigeria. Hyundai Engineering & Construction, up 4.9 percent and Samsung C & T Corp. ended up 6.6 percent.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Sector Consumption Pressure Yen Strengthens Against Euro

Tuesday, November 29, 2011

 

Ministry of Economy, Trade and Industry (METI) today (29-11) reported an increase in the consumption sector performance.

 

Release the actual data shows that the indicators Retail Sales y / y increase to 1.9% previously forecast to rise to 0.7% of the value in the previous period is -1.1%.

 

Currency walking pair EUR / JPY was observed in the range of 103.87.

 

Reports showing improved performance is sustained by the growing interest of investors in the forex market to hold the yen, so the currency is moving to strengthen the pair EUR / JPY.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei ends down, caution in the euro zone continues

Wednesday, November 30, 2011

 

Nikkei stock index ended down on Wednesday session, reversing gains in the last two days due to profit taking as investors are still cautious about new developments eurozone debt crisis and wait for the data in this weekend.

 

Strategists said the Nikkei likely still close to 8400 levels because of the onvestor still waiting for the U.S. and Chinese manufacturing data on Thursday and U.S. employment data on Friday.

 

The benchmark Nikkei ended down 0.5 percent at 8,434.61 level, and down 6.2 percent in November. The broader Topix index fell 0.2 percent to a level of 728.46.

 

European finance ministers agreed Tuesday to strengthen the European Financial Stability Facility (EFSF) and said they consulted with the IMF on more aid when bond yields rise across the region. Some market participants welcomed the agreement, while others are still cautious about the involvement of the IMF.

 

Standard & Poor's cuts ratings 15 major U.S. companies and European banks, including Bank of America and Goldman Sachs, after the close of Wall Street also weighed on the market. S & P also lowered ratings outlook for Mizuho Financial Group and Sumitomo Mitsui Financial Group (SMFG) to "negative" from "stable." Mizuho and SMFG shares both fell 1 percent.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei sturdy because the central bank measures to calm

Thursday, December 1, 2011

 

Nikkei stock index soared to a level of increase in the last two weeks, through major resistance level on Thursday, after the world's central banks take coordinated action to reduce the tension of funds among banks caused by the debt crisis in Europe.

 

Measures the central bank to offer dollars cheaper funding easing concerns about the immediate crisis in the global financial system, but market participants remain cautious on the prospects for the resolution of the crisis.

 

Volume surged to its highest level since October 28, with 2 billion shares changed hands on the main board, up 29 percent of the average movement in 20 days.

 

The benchmark Nikkei rose 1.9 percent to a level of 8,597.38, rising above the 25 day moving average indicator around 8577 and rose at one point to the 8653 level, which is the highest level since November 14. The broader Topix index rose 1.6 percent to as low as 740.01.

 

However, indiscriminate selling by European pension funds continues, underscoring the potential pressures in the euro zone to push the market lower.

 

Shares of construction and the sender, the main benefit from increased economies of China, were among the top performer after China's central bank cut reserve requirements of commercial lenders on Wednesday for the first time in three years.

 

Construction machinery manufacturer Komatsu Ltd. jumped 7.2 per cent to 2.032 yen, while rival Hitachi Construction rose 7.3 percent to 1.423 yen. Shares of Mitsui OSK Lines shipments rose 8.4 percent to 259 yen.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei recorded its biggest weekly rise in the last 2 years

Friday, December 2, 2011

 

Nikkei extends rise to record the biggest weekly gain in two years in the session on Friday, although the atmosphere is far from optimistic generate uncertainty over whether Europe next week will have successfully completed joint measures to overcome the debt crisis.

 

After strengthening over the world moves by central banks to reduce the tension of funds between banks, the Nikkei is now facing major resistance, including the movement of its average in 75 days.

 

The benchmark Nikkei rose 0.5 percent to as low as 8,643.75, for a weekly increase of 9.5 percent, the biggest gain since the first week of December 2009. In a positive technical sign, the Nikkei remained above the average movement in 25 days, at the level of 8573. The broader Topix index rose 0.6 percent to as low as 744.14.

 

European investors, which likely affected by debt problems in its own region, has been consistently selling Japanese stocks. Data from the Tokyo Stock Exchange on Thursday showed that foreign investors are net sellers of Japanese stocks for four consecutive weeks until last week.

 

Investors also remained cautious ahead of the summit of European pemimp on December 9 in Brussels.

 

European Central Bank President Mario Draghi yesterday hinted Thursday the central bank is ready to act more aggressively to combat Europe's debt crisis if the political leaders agreed on next week is more stringent budgetary surveillance in 17 European countries in the region.

[mynameisandhy]

News and Economic Review Asia (China)

 

Debt rating China Defended

Monday, December 5, 2011

 

Dagong Global Credit Rating Beijing China maintains credit rating even though the fear of China's economic hard-landing.

 

Dagong told Reuters, defending AAA rating China's foreign currency debt and the ELO rating 'AA' for local currency debt countries, such as writing in a press statement that 'the fundamental character of rapid economic growth (in China) has not changed. Moody's assign ratings 'Aa3' debt to China, and Standard and Poor's assign ratings 'AA-' long-term debt to China.

 

Dagong, which is not widely known outside of China, China is the only agency providing debt rating to the approximately 50 countries. Some analysts say his views are often in line with statements from the Chinese government. In August, the United States Dagong downgraded some notes below its top rating and credit worthiness equivalent to countries like Spain, Estonia and South Africa.

[mynameisandhy]

News and Economic Review Asia (Hong Kong)

 

Hang Seng Index fell sharply triggered losses of banking and property shares

Tuesday, December 6, 2011

 

 

Hong Kong shares fell early Tuesday trading session, with weakness in financial and property stocks dragged the Hang Seng index fell 0.8% to 19,032.39. Hang Seng China Enterprises Index lost 0.9% while the Shanghai Composite fell 0.1%.

 

After Standard & Poor's threatened to cut the rating 15 countries in the euro zone, financial stocks fell with Bank of Communications Co.. loss 1.7%, Agricultural Bank of China Ltd. fell 1.4% and Ping An Insurance Group Co. down 2.2%.

 

Shares of HSBC Holdings PLC fell 0.7% after the company received the sanction of the British regulators to issue the sale of some securities to small investors.

 

Company real-estate developer China Vanke Co.. reported a sales decline of 36% during the month of November. Currently shares are still traded on the Shenzhen Composite. This news also hit property companies in Hong Kong, with Agile Property Holdings Ltd fell 1% and China Overseas Land & Investment Ltd.. fell 2.3%.

 

Esprit Holdings Ltd. shares. dropped 7% after chief financial resigned for personal reasons while the company is in the process of restructuring.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Expectations at European level Nikkei deliver over 4 weeks

Wednesday, December 7, 2011

 

The Nikkei reached an increase in the past four weeks in session Wednesday as investors re-excited to the view that European policy makers will come up with convincing steps this week to help resolve the debt crisis in the region.

 

Cyclical stocks such as shipping and steel producers also sustains a large increase after the new credit easing by the major developing countries like China and Brazil ease fears about a sharp global economic slowdown.

 

The benchmark Nikkei rose 1.7 percent to as low as 8,722.17, its highest close in four weeks and ended on pergerakn average of 75 days for the first time since late October. The broader Topix index rose 1.6 percent to 749.63.

 

Many market participants expect the European Central Bank cut interest rates tomorrow and Thursday with European leaders to continue toward tighter integration of fiscal policy in the European region on Friday their summit this week.

 

Sharp decline in government bond yields this week, which occurred despite a warning from Standard and Poor's downgraded credit ratings on a large scale in the single currency bloc, also fueled optimism over Europe.

 

Shipping company Mitsui OSK Lines jumped 11.2 percent to 288 yen after it announced it would form a supertanker services along with Denmark and Singapore tanker to better compete in the delivery market.

[mynameisandhy]

Asia News and Economic Review (Hong Kong)

 

Slipped 0.7 percent, Hong Kong's stock down from an increase in 3 weeks

Thursday, December 8, 2011

 

Exchange of Hong Kong slipped 0.7 percent in the session Thursday, dragged down by large stocks in weak trading volumes ahead of key meeting to be held in European and Chinese economic data in the next two days.

 

European debt crisis more worrying for investors who expect a better year ahead of the front of the Chinese exchange traded weaker than historical value.

 

Hang Seng Index closed down 0.7 percent at the level of 19,107.8 points, after reaching the third increase in town the day before. China Enterprises Index down 0.86 percent at 10,395.37 level.

 

Shanghai Composite Index ended down 0:12 percent at 2329.82 levels, even though up from intraday decline in 30 months.

 

Shares of the worst in the Hang Seng today, Li & Fung Ltd. shares down 5 percent after the announcement by the shareholders of Temasek Holdings Pte Ltd Thursday.

 

Singapore's Temasek says investors will increase to $ 600 million worth of Singapore or $ 468 million from the sale of zero coupon bonds can be converted into shares of Li & Fung with a 40 percent premium. Temasek owns shares 3 percent of Li & Fung.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei down 1.5 percent, the market is wary of the eurozone debt crisis

Friday, December 9, 2011

 

Japan's Nikkei stock index declined in session Friday and tried to penetrate the main support level at the moving average 25 days after an agreement with European leaders for fiscal integration failed to improve investor confidence about the euro-zone debt crisis.

 

Trading volume surged in the first session of the Tokyo exchange rose 77 percent to 2.57 billion shares, from an average of six-day trade toward the end of December futures contracts and options in the main scrutiny. Osaka Securities Exchange said after the closing Nikkei futures ended at 8,478.46 level.

 

In Europe, the leaders endorsed a new fiscal pact for strict budgetary discipline in a meeting that lasted 10-hours in Brussels on Friday but failed to persuade all 27 member states to agree to change the agreement. European Central Bank, which lowered interest rates as expected, stop doing it to buy bonds.

 

Market players said investors were mostly focused on the ECB, and the failure to commit to buying bonds tear down the hopes and pushed global stocks weakened.

 

Nikkei down 1.5 percent to a level of 8,536.46, down 1.2 percent over one week after a record weekly gain in almost 6 percent in the last week. The broader Topix index fell 0.9 percent to a level of 738.12.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Japanese Stock Gains, Stocks Back Sustained Exporters

Monday, December 12, 2011

 

Japanese stocks on trading today (12/12) recorded an increase. Unfavorable global trade and rising sentiment against the economic recovery of Europe provided the impetus for exporters stocks. Positive sentiment also obtained from the strengthening of U.S. consumer sentiment report, released late last week.

 

The Nikkei index rose by 1.4% to 8653.82 basis points. While index futures have dropped 7 points to 8620 basis points with the support level of 8614 points and resistant level of 8674 points. The broader Topix index rose by 1.2% to 746.69 basis points.

 

The shares which increased the stock of which is Olympus which rose 7.8% to 1300 yen, Mitsui OSK shares rose 6.4% to 299 yen and Nippon Yusen shares rose 4.3% to 195 yen.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

European fears drag Nikkei to closure

Tuesday, December 13, 2011

 

Japan's Nikkei index slumped at the close of trading session on Tuesday after downgrades outlook for large-scale European countries adds new concerns about the strength of step with European leaders to fight the debt crisis in the region.

 

Historic agreement last Friday in Brussels between 26 EU leaders to develop a new agreement on deeper integration in Europe kaasan give only a brief fillip to the market and only a few actors in Tokyo hoping equity acquired a large increase in the coming days.

 

The main event this week included a meeting Tuesday the Federal Reserve, which is expected to delay policy changes and the Tankan business sentiment survey Thursday Bank of Japan.

 

Moody's Investors Service intends to review the ranking of EU countries in the first quarter of 2012, as he told the summit that took place last week offered "little new step". Fitch Ratings said the failure of the summit produces a solution "comprehensive" is likely to increase short-term pressure on the ranking of countries in the euro area.

 

The Nikkei fell 1.2 percent to a level of 8,552.81, still above the 25-day average level of movement mendeakti 8508, after failing to penetrate the upper levels of the average 75-day motion on Monday. The broader Topix index fell 0.8 percent to a level of 740.71.

 

Investors also expect lower growth in China signaled to push Beijing toward its pro-growth policies that are more explicit.

 

Market players said investors began to worry about the impact of flooding in Thailand Honda after Toyota Motor Corp. recently lowered its annual profit outlook half.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Translucent support level, the Nikkei index ended down

Thursday, December 15, 2011

 

Japan's Nikkei index slipped to below the closure level in the last two weeks in the session Thursday, penetrate below the level of the average movement in 25 days, after worries about Europe's debt to bury risk appetite, with investors waiting in the Spanish bond auction today.

 

Olympus Corp. shares fell more than 20 percent after the scandal-hit company repeated its earnings results on Wednesday sessions, showing the difference between $ 1.1 billion on its balance sheet after the accounting fraud during the 13 years that has claimed the company.

 

Bank of Japan was likely to buy funds that are traded on the stock exchange as part of a program to increase liquidity, said the perpetrators, but only provide limited support.

 

The benchmark Nikkei fell 1.7 percent to a level of 8,377.37. Thin volume, with only 1.54 billion shares changed hands on the main trade, compared with about 1.52 billion on Wednesday sessions. The broader Topix index fell 1.6 percent to a level of 725.02.

 

On this day, the Spanish Treasury plans to issue between 2.5 to 3.5 billion euros in debt securities maturing in January 2016, April 2020 and April 2021 which will be the last bond auction this year.

[mynameisandhy]

Asian Economic News and Reviews

 

Asian Markets Focus Next Week

Friday, December 16, 2011

 

Europe's debt crisis is still the main focus of the Asian market, especially we have seen that the Asian regional markets weakened during the second consecutive week, reaching a total decline of about 5% since the results of the European summit disappointing investors.

 

These uncertainties will still continue to hit the market, depending on the resolution that can be provided by European policy makers to address the debt problem in the short and medium term that could be implemented next year. If no resolution can be expected that Europe is substantial among this week's rally until the end of the year will not happen.

 

European crisis zone itself has an impact on countries like Japan, where investors can see the hint of this situation of Japan's import export report before its release next week's BoJ meeting. Other data are awaited industrial output among other reports from Taiwan and Singapore who can give an indication of global demand.

 

In Asia, the other key reports are from the China property sector, with the release of China's house price report next week, which is a key factor to the outlook for the country.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Average wage in Japan tend to flat

Monday, December 19, 2011

 

Ministry of Health, Labour and Welfare of Japan stated that the average earnings based on the annual period in October, reaching an increase of 0.1 percent in accordance with previous estimates. Meanwhile, in September, to wage employees decreased by 0.4 percent.

 

In October, there were regular wages declined 0.4 percent in October, while for overtime wages increased 2.9 percent.

 

As for the number of overtime hours, an increase in September, while in October decreased 0.1 percent.

[mynameisandhy]

News and Economic Review Asia (China)

 

China Shares Flat On Tight Liquidity Conditions

Tuesday, December 20, 2011

 

China's benchmark index ended flat Tuesday as tight liquidity conditions kept investors on the sidelines, with brokers led the declines.

 

Shanghai Composite Index, which tracks both A and B shares, ended down 0.1%, or 2.31 points at 2215.93. The Shenzhen Composite Index fell 0.4%, or 3.82 points to 909.02.

 

Analysts said they expect the market to keep the consolidated until the end of this year due to tight liquidity conditions may limit any rebound, despite concerns over the domestic economic slowdown may have been taken into account. Tips Shanghai index to trade in a range between 2100 and 2200.

 

"I think further downside in the market will be limited in the coming weeks because I am not pessimistic about China's economic prospects. I hope the level of economic growth to subside around 8.5% next year, which is still high compared with other countries," said Yonggang Tang, Hong Yuan Securities investment advisor.

 

"As more people become bearish, we become optimistic. We expect monetary policy fine-tuning will increase the liquidity of the economy and capital markets," said UBS Securities analyst Li Chen in a research note.

 

Another expectation is cut in reserve requirement ratio for banks comes after recent data showed China's financial system, including the central bank, saw a net outflow of foreign exchange for the second consecutive month in November.

 

China's central bank and financial institutions to sell shares of net CNY27.9 billion ($ 4.4 billion) of foreign currency in November, according to Dow Jones Newswires calculations based on data released by the central bank on Monday.

 

Brokerages led the decline as fears of their earnings outlook amid a weak market, with Soochow Securities down 4.9% at CNY7.41, Northeast Securities down 2.6% at CNY12.77 and Haitong Securities fell 2.0% to CNY7.76 .

 

Offsetting a loser, a manufacturer of cement rose sharply on bargain hunting after heavy losses recently, despite concerns over slowing growth may curb investment, analysts said.

 

Jiangxi Wannianqing Cement rose 9.1% to CNY10.05 after falling 16% during the previous six sessions, Anhui Chaodong Cement added 6.7% to CNY11.03 after a decline of 11% over the same period, while Fujian Cement ended 5.2% at CNY7. 48 after losing 13% during the previous six sessions.

[mynameisandhy]

News and Economic Review Asia (China)

 

Coming to Lunch, China Stocks Gain Crop

Wednesday, December 21, 2011

 

By noon, the exchange gain due to the weakening of China cut its property stocks after news that China has added to the pension funding injection of funds into the stock market. The Shanghai Composite Index +0.2%, to 2221.14 with nearest resistance level in 2250.

 

"Investors expect more good news in the coming days so that it can withstand the index rebounded. The volume of trade is still thin and need time to build trust," according to Xu Yinhui, an analyst at Guotai Junan Securities. China Minsheng Banking Corp.. +0.3% To CNY6.03, and Zijin Mining Group Co.. +0.5% To CNY3.86. Some property stocks fell after the Shanghai government said it would limit the purchase of a house next year. The Shenzhen Composite Index flat at 909.28.