Financial Communique » Asia

Asian indexes are increasing for third seial session

Viliyana Filipova — Tue, 27 Jul 2010 18:47:33 +0000

The stock markets in Asia and the Pacific region remained positive momentum from the previous two sessions and rose for a third day, leaving the regional MSCI Asia Pacific Index to its highest level last month. Increases in the U.S. indexes and good financial results for the quarter a number of companies in the region supported the optimistic stock investors today. Among the most profitable for banks, they had relaxed rules governing the capital adequacy of banks, which were announced by the Basel Committee. He was instructed by the leaders of the G-20 to establish new rules to regulate the financial sector because of the severe consequences of the financial crisis. MSCI Asia Pacific, which covers the stock markets in ten Asian countries, Australia and New Zealand increased by 0.4 percent to 118.49 points. After winning the last three sessions, it is a 8.2% below its highest point this year, which said on April 15. Exchange in Australia S & P / ASX 200 rose 0.3 percent to 4 497.40 points after the index of leading indicators showed that the Australian economy will continue to grow in the second half of this year. He rose for the third consecutive month in May, increasing by 0.3 percent compared to April.
In Hong Kong’s Hang Seng added 0.6% to 20 973.39 points, while awaiting the auction of government land, which will be held this week. Wide Chinese Shanghai Composite stock index fell however by 0,5% to 2 575.37 points, led by banks because of concerns that they will be able to recover more than 20% of loans to finance regional infrastructure projects awarded to local authorities in China. Exchange Straits Times in Singapore rose by 0.6% to 2 985.52 points. Shares of the second-largest airline by market capitalization in the world Singapore Air rose 1.8 percent after having announced a net profit of 186 million dollars for the quarter, surpassing analysts’ forecasts. Nikkei 225 also finished in negative territory, but with minimal loss of 0.1% to 9 496.85 points. Shares of Yahoo Japan rose 1.2 percent on the Tokyo Stock Exchange after the news that the company may cooperate with Google in online search business.

Asian Indexes with bad monthly report

Viliyana Filipova — Mon, 31 May 2010 14:29:21 +0000

The Asian stock indexes ended the month with moderate optimism, but generally do not think was particularly beneficial for market participants. Monthly regional index MSCI Asia Pacific reported a loss of nearly 10 per cent, which is the poor performance of October 2008 onwards. Following the retreat, which recall the presentation of the index during the period after the bankruptcy of investment bank Lehman Brothers, the average price / earnings of the companies in the index fell to 14.4. This is well below the level of 23 recorded in early 2010. Today, the index decreased by 0.1 per cent minimum to 113.33 points. The exchange in Tokyo the Nikkei 225 added 0.1 percent to 9 768.70 points, but this does not help for the removal of even part of the accumulated loss for May. In the month indicator erase some 12 percent of its value. China does Shanghai Composite slumped by 9.7 per cent for the month, continuing retreat of 7.7 per cent recorded in April. Just today, the index fell 2.4 percent to 2 592.15 points. During today’s trading session progressed Taiex in Taiwan with 1.08 per cent to 7 373.98 points. With so increase the index and the leading exchange in South Korea – KRX 100, which ended three months at 445.68 points.
By passing the session and optimism in Singapore, where the Straits Times ahead with 0.9 per cent. In Indonesia and Thailand did promotions are more confident, and amounted to 1.6 and 2.6 per cent.

Asian markets turned back

Viliyana Filipova — Thu, 20 May 2010 10:08:31 +0000

The stock market indexes in Asia and the Pacific region remained negative territory for the fifth session today because of concerns about Debt Crisis in Europe and the imposition of additional restrictions in Germany on securities trading in financial markets. The regional MSCI Asia Pacific Index fell 1.8 percent to 112.69 points and is on track to finish the session at its lowest level since the beginning of September 2009, according to Bloomberg. Regional stock measure goes down rapidly in the last month, having completed all sessions of decline since the beginning of May, not two. Regional economic data today showed that Japan’s economy has surged for the fourth consecutive quarter, which, however, was weaker than expected amount of 1.2% quarterly and 4.9% of equated to annual basis. Meanwhile, Singapore has announced record growth of 38.6 percent on an annual basis aligned to the base. Nevertheless, the exchange in Tokyo the Nikkei 225 fell by 1,5% to 10 030.31 points and the Singapore Straits Times index major retreat by 0,4% to 2 763.89 points. Most among national indexes in the region, however, lower South Korean Kospi, which lost 1.8 percent to 1600 points. This gave rise to the news that South Korea has accused its northern communist neighbor that has sunk its warship in March with a torpedo.
Asian investors remained cautious exchanges because of yesterday’s surprise decision to ban Germany uncovered short sales of the largest banks and insurers in the country to Mar. 2011, and speculation with swaps for protection against default of the euro area. Rising raw materials failed to support the mining companies on the stock exchange in Sydney, which are among the best losers in this month because the Australian Government’s intentions to raise taxes on their profits. Australian index of blue chip S & P / ASX fell 200 by 1,6% to 4316 points, while New Zealand’s NZX 50 fell by 0,3% to 3 111.42 points. Wide Chinese Shanghai Composite Index ended the session with a decline of 1.2% to 2 555.94 points and Hong Kong Hang Seng retreated by 0.2% to 19 545.83 points worries that the appreciation of the dollar and the debt crisis in Europe will slow the growth of Chinese economy. China’s currency is pegged to the U.S. dollar, which means that exports of local producers around the world without the United States, more expensive with U.S. money.

Hard drop of Asian markets

Viliyana Filipova — Wed, 05 May 2010 23:25:35 +0000

The exchange session in the Asia Pacific region passed under the dictation of the bears as the regional index MSCI Asia Pacific reported its biggest decline for the past three months. The reason for this were problems in the euro area and new regulations on real estate market in China that threaten to collapse in house prices. Today MSCI Asia Pacific fell 2.4 percent to 119.77 points, all markets in the region colored in red. Strongest decline in the stock was China, where CSI 300 lost 4.6 percent goals to 2 896.86 points. Today was particularly strong pressure on the industry of real estate that were on sale. In Hong Kong Hang Seng retreated by 0.96 per cent to 20 Punta 133.41, while in Taiwan Taiex lost 1.5 percent to 7 579.48 points. Exchange in South Korea did Kospi slid 2 percent to 1 684.71 points. Japan’s main Nikkei 225 index lost 3.3 percent today, which is its biggest daily decline since March last year so far.
Today was the first business day exchange in the country since Monday to yesterday, the market remained closed.

Wave of sales on Asian markets

Viliyana Filipova — Thu, 29 Apr 2010 12:34:26 +0000

The wave of increased sales, which covered yesterday the securities markets in Europe and the U.S. broke today and Asian stock exchanges. Although it was expected, the decision by ratings agency Standard & Poor’s to cut the credit rating of Greece and Portugal brought sharp decreases in the indexes and the risk premium on government securities of the two countries jumped sharply. Regional stock measure MSCI Asia Pacific, which brings together public companies from 10 Asian countries plus Australia and New Zealand slid 1.6 percent to 125.20 points today. This is his fourth decline in five trading session, and meanwhile the cost of insurance to protect against the failure of Asian countries reached its highest level since February. Stock prices of raw materials and the euro rate fell because of concerns that the fiscal crisis in Greece will be released in the eurozone. President of the European Central Bank Jean-Claude Trichet will meet with German politicians and the head of the International Monetary Fund Dominique Strauss-Kahn in Berlin today to discuss a possible rescue plan for Greece. All ten industry groups included in the MSCI Asia Pacific, noted a sharp drop as financial companies ran among the losers. Among national indexes in the region most Japanese Nikkei fell 225, which slid 2.6 percent to 10 924.79 points as investors shrugged off a strong 5-percent increase in retail sales in Japan in March.
Shares of Japanese exporters fell due to the appreciation of the yen, which their goods more expensive abroad and reduces the realized gain on foreign markets. More expensive Japanese currency against all other major currencies today and the most against the euro and Swiss franc, because it is used by investors as a refuge in times of economic uncertainty. The second most loser index in the region today was Hang Seng, which fell 1.5 percent to 20 949.40 points, mainly because decrease for banks and companies in the housing sector. In China, Shanghai Compoiste broad index decreased by 0.3% to 2 900.33 points and Australia S & P / ASX 200 fell 1.2 percent to 4 822.80 points largely because of sales in mining companies.
Earlier today it became clear that inflation in Australia has doubled in the first quarter and accelerate to 2.9 percent annually, which exceeded forecasts the central bank. It strengthened investor expectations that next week Australia’s central bank may again raise its key interest rate and also outweigh quotations on the stock exchange in Sydney.

Stock exchanges in Asia ended with the fourth consecutive quarter growth

Viliyana Filipova — Tue, 30 Mar 2010 15:48:30 +0000

Despite the uncertainty caused by the fiscal crisis in Greece, and fluctuations in the recovery of world economy, last month gave the stock exchanges in Asia at their strongest growth since July 2009. Almost all securities markets in the Asian and Pacific region also failed to finish the quarter and positive territory. Thus, the regional index MSCI Asia Pacific, which combines traded companies from 10 Asian countries, Australia and New Zealand, added 4 percent to its value over the past three months, said fourth quarter growth. Profits from the beginning of March amounted to 6%, which is the strongest monthly growth since July 2009 when the index increased by 8.4%. Stock optimism in Asia in March was fueled by the decision of the Bank of Japan (YATSB) to double the size of the program for the granting of emergency loans to commercial banks in the country. This month the U.S. Federal Reserve renewed its pledge to maintain low interest rates in the country in the coming months to support the fragile economic growth. Liberal monetary policy of major central banks encourage investment in shares, because the source of a large amount of money in circulation and it is also necessary for the recovery of world economy. Fiscal crisis in Greece and concerns about the future of the euro area, however, cast a shadow on financial markets worldwide earlier this year. However the last three months have brought 5 percent growth index of blue chips in Japan’s Nikkei 225, increased 9 percent for the main stock index in Indonesia and Jakarta Composite 8.1 percent increase for the Thailand index Thai. Thanks to strong inflows of external capital Thai rose 64 percent last year, and today it is 84 percent above its level at the end of March 2009.
It is the leader of Thailand index of growth during the past month, rose by just over 10%. Immediately after a 9.5 percent growth rate is among the Japanese Nikkei 225. With between 5% and 8% in March jumped more fundamental exchange measurements in Australia, Indonesia, India, Taiwan, South Korea and Singapore. With just over 3 percent on a monthly basis have increased Hang Seng and New Zealand NZX 50. Securities markets in China are among the few in the region for the quarter that ended on negative territory. Blue chip index CSI 300 e lost 6% of its level in late December after the Chinese central bank began to tighten its monetary policy at the beginning of this year, raising minimum reserve requirements for banks. Wide Chinese Shanghai Composite Index, in turn, decreased by nearly 5 percent after the government took measures to curb bank lending and a booming real estate market in the country. Within the last month the two main Chinese index registered the least growth of 2% among all the major stock indexes in the region mainly because of financial companies.
According to data from Bloomberg Shanghai Composite is one of the five worst performing stock in the world metrics from the beginning of this year. The quarter is the worst of it from the third quarter of 2009, when the index lost 20 percent targets only within August. Last three months have decreased and the exchanges in Hong Kong, Taiwan and South Korea, which is limited to 1-2%. Today this quarter last trading session in Asia has brought reductions of almost all securities markets in the region, MSCI Asia Pacific decreased by 0.5 percent to 125 points. Financial and mining shares, which are among the most traded this year, contributed most to the negative outcome of pending trade data on employment in the private sector of the U.S. in March.

Asian Indexes on red again

Viliyana Filipova — Thu, 18 Mar 2010 16:19:30 +0000

Most major stock indexes in Asia and the Pacific withdrew to negative territory today after strong growth, which reported on Wednesday. Most of the stocks suffered sell-offs of Japanese exporters and those companies from the real estate sector. The regional index MSCI Asia Pacific, which includes stock companies from ten Asian countries plus Australia and New Zealand, losing 0.3 percent of its value today at 124.58 points after the end of yesterday’s session, rose by 1.5% to its highest level in two months. Despite the concerns of investors that are soon to tighten monetary policy in China and the U.S. stock indexes rally in Asia continued during the past six weeks. However, according to some financial analysts has made an assessment of market shares in the region too high. The index of blue chips in Japan, the Nikkei 225 slid 1 percent to 10 744 points yesterday after having surged by 1.2 percent. Shares of Canon and Mazda dropped by more than 2 percent after the yen rose against all major currencies. This makes the price of goods of Japanese exporters higher on foreign markets. Yesterday the Japanese central bank doubled the amount of the special program for lending to commercial banks in the country to 222 billion dollars. Shortly thereafter, the World Bank increased its forecast for economic growth in China, as already expected growth of 9.5 percent this year. Wide Chinese Shanghai Composite Index fell less with 0.1% to 3 046 points and the exchange in Hong Kong Hang Seng lost 0.3% to 21 330.67 points. Today it became clear that the Chinese government will carry out “stress tests” in 12 industries to assess the impact of any lifting of the yuan exchange rate.
The session brought increases in the indexes in the Pacific region, Taiwan and the Philippines. The Australian Index S & P / ASX 200 added 0.2 percent to 4 863 points, while in New Zealand’s leading stock measure NZX 50 advanced 0.6 percent to 3 220.69 points, having made its first rise for the past three sessions.

The price of crude oil futures reached 81 USD

Viliyana Filipova — Fri, 05 Mar 2010 18:00:42 +0000

The price of crude oil increased to near 81 dollars a barrel during electronic trading today in Asia, together with all the major stock indexes in the region. The price of energy input is about to celebrate third growth in the last four weeks, after having surged by 1.2 percent over the past five days. Reason for today’s rise in oil gave news that the Organization of Petroleum Exporting Countries (OPEC) will cut oil supplies by 2.3 percent within months, ending on March 20. Countries that are members of OPEC, the source of about 40% of global oil supplies. U.S. light crude for delivery in April, is rising by 60 cents, or 0.8 percent, to 80.81 dollars a barrel during electronic trading today on the New York oil exchange. By the end of the session on Thursday, oil futures fell by 66 cents to 82.21 dollars per barrel. Meanwhile, the price of Brent rose by 64 cents, or 0.8 percent, to 79.18 dollars per barrel in today’s times of electronic commerce in the international petroleum exchange in London. The April oil futures ended the session yesterday with a decrease in price by 0.9 percent to 78.54 dollars per barrel.
This contributed to the strong appreciation of the dollar against most major currencies. This makes the price of commodities that are traded in dollars, higher after restate in other currencies. Later today are expected unemployment data for the United States in February, which will shed light on the state of the U.S. economy, which is greatest in the world.

The price of crude oil reached month bottom

Viliyana Filipova — Mon, 25 Jan 2010 11:53:07 +0000

The quotes of the Asian oil trade fell below $ 75 a barrel, reaching almost to the monthly minimum, and the main reason, according to Reuters agency have poor economic data in Asia and especially the increasing demand for currency to replenish the reserve of some large banks China. Additional indicator for the lowering of prices was news that the economic growth of South Korea has slowed down during the last quarter of 2009 due to three factors: reduced export demand and crouching low public spending. All this led to a decrease by 85 cents a quotation of U.S. light sweet crude for March delivery at $ 74.42 a barrel. When Brent was also reported a decline of 80 cents to $ 72.89 a barrel on supply in March. Players expect the oil market statistics for stocks in the United States to take their decision how to proceed until the end of the week. This information will be made tomorrow on two channels – from the American Petroleum Institute (API) and Energy Information Agency (EIA).
Asked by Reuters analysts believe that oil inventories last week rose by 1,7 million barrels, while gasoline stocks increased by 1,4 million barrels.

Economic data for China rose Asian markets

Viliyana Filipova — Mon, 11 Jan 2010 00:32:07 +0000

The rally in Asian and Pacific stock markets continue after China reported the export of its first annual growth for the past 14 months in December. The growth of imports of goods into the country to record levels has an even better sign for the prospects of the global economy. Moreover, last year China has become the biggest market for cars gain on U.S. forward Bloomberg. Sales of cars, buses and trucks in the country increased by 46% yoy to 13.6 million units compared to 10.4 million units in the United States. The regional index MSCI Asia Pacific, excluding Japan, rose by 1.1 percent during today’s session at 432.24 points. Most of extractive companies that helped after the delivery of copper in three months rose by nearly 3% to 7 675 dollars per metric ton on the London Stock Exchange. Gold price, in turn, jumped to a record 1.8 percent last month to 1 158.4 dollars an ounce. With increased session ended in Shanghai, where the Shanghai Composite rose by 0.5 percent to 3 212.75 points, led by financial companies and those in the real estate sector. Yesterday it became clear that exports to China increased by 17.7% yoy in December to 130.7 billion dollars, while imports of Asian countries increased by nearly 56 percent to a record high value of 112.3 billion dollars. Complete with increased trade and exchange in Hong Kong where the Hang Seng added 0.5% to its value at 22 411.52 points. More strongly increased the index of blue chips in Australia S & P / ASX 200, which rose by 0.8 percent to 4 950.7 points, supported by extractive companies. New Zealand NZX 50 closed session, however, negative territory, losing 0.2 percent to 3 303.75 points.
Japan Stock Exchange was closed today due to celebrate the national holiday. However, speculation about the possible bankruptcy of the largest Japanese airline Japan Airlines continued to be gaining strength. Prime Minister Yukio Hatoyama of the country is to take a final decision on the fate of the company, which was saving three times from the previous government by the end of the week.