Tag Archives: Kospi

Leading Asian indexes closed in different directions

Asian indicesThe leading Asian indexes closed in different directions, though they were taken up after a positive session on Wall Street last night. Chinese stocks led the losers in the region after the money supply in the Celestial Empire grew the slowest pace in more than a decade. In Japan, the Nikkei 225 rose with 0.62% to 13,996.81 points. In China, the Shanghai Composite fell 1.40% to 2,101.60 points. The Hong Kong’s Hang Seng fell with 1.6% to 22,71.26 points.
The indices in China and Hong Kong fell after data showed that the broader monetary aggregate M2 has expanded less than expected 13% increase. Meanwhile the new loans rose by nearly 14%.
The stock exchanges in China and Hong Kong financial sector suffered the most. Mood influenced the news that day only for Chinese central bank will draw the most liquidity in the market since February. The shares of Citic Securities fell 3.6%, while those of the Merchants Bank and Minsheng Bank – with 2% each.
The South Korean KOSPI wiped 0.24% of its value, while Australian S&P ASX 200 registered a growth of 0.55% to 5,388.16 points and moves away from the bottom two-month reported yesterday.

Asian indexes started the week with decreases

Asian trade marketsThe leading indices in Asia started the week with falls after heavy losses on Wall Street late last week. On Friday, the stock exchanges overseas technology sector suffered the most, as Nasdaq Composite slid 2.6%. The Japanese Nikkei 225 index fell to the bottom week after a strong yen weighed on exporters. The benchmark fell 1.69% to 14 808.85 points. In China, markets are closed for the celebration of the national holiday. The Hong Kong’s Hang Seng slid 0.65% to 22 363.52 points. In Australia, the index S&P ASX 200 is pulled away from its highest level in a month and eventually down 0.17% to 5 413.70 points. The South Korean KOSPI rose slightly by 0.08% to 1 989.70 points. In India, the leading measure of stock SENSEX a closed with a decline 0.64% to 22 215.97 points. The investors took winnings at the start of elections in the country that will continue for a month.
The stock exchanges in Japan tech companies being the biggest losers, commented the Finance News Wire. Shares of Rakuten and Yahoo Japan fell by 5% each, while those of Softbank and Panasonic – by over 4%. Daiichi Sankyo increased by 3% capitalization after the news that Sun Pharmaceutical Industries will buy its Indian unit Ranbaxy Laboratories. In turn, shares of Sun Pharmaceutical rose 2%, while those of Ranbaxy fell 2.5%.

Optimism on Asian stock markets after allegations about the agreement on US debt

Asian IndexesThe major indexes of Asian markets (Except in China) started up after US politicians have hinted that soon the Republicans and Democrats can announce that they have reached agreement on the US budget. According to some sources it will be later today. The Japanese benchmark Nikkei 225 stock average ended the session on Tuesday with a rise of 0.26% to 14 441.54 points. Hang Seng index added 0.47% to its value and reached 23 328.57 points. Australia’s S&P ASX 200 climbed 0.98% to a new two-week high – 5 259.15 points. South Korean Kospi even reaching 10 -month high after trading ended with an increase of 1.02% to 2 040.96 points. Single leading Chinese Shanghai Composite Index fell – by 0.19% to 2233.41 points. The markets in Singapore, Malaysia, Indonesia and the Philippines do not work because of holidays. Were revealed details of Monday’s talks between the leader of the Senate Democrats Harry Reid and his Republican counterpart Mitch McConnell. According to the information they have agreed to a short-term increase in the debt ceiling, which will announce Tuesday. The deal will put an end to the blockade of the government and will increase the debt by as much as necessary for the country to meet its obligations until mid- February 2014. The Japanese Nikkei rose thanks to Sony and Panasonic, whose shares rose by 1% and 0.6%. Shares of Fuji Heavy Industries have added 0.7% to its value after the automaker announced a growth of 250% in the operating profit of the group for the second quarter of 2013.

Pessimism on the Asian markets

Asia financesThe leading stock markets in Asia stepped back during the session on Wednesday, led by investor caution before publication of the report of the last meeting of the Federal Reserve in July. Document is expected to give further guidance on the future of monetary incentives to US Bank. The growth rates among major regional indexes were observed only in Japan and Australia. Nikkei added 0.2 percent, while the S&P / ASX 200 ended the session with a rise of 0.4%. Wider Japanese benchmark Topix however fell 0.3%. The Hong Kong’s Hang Seng lost 0.7%, while South Korea’s Kospi slid 1.1%.
“Markets are preparing for the possibility of the Fed to launch a thinning of the incentives at its next meeting in September. Nevertheless, today’s report likely to give clear signals in this direction is very small”, said Ric Spooner, chief market analyst at CMC Markets. The minutes of the meeting of the Federal Open Market Committee (FOMC) in July is expected to be presented at 21:00 CET today. Meanwhile, China’s Shanghai Composite ended with a slight increase of 0.02 percent. Shortly before the end of the session in Indonesia JSX does climbed 1.3%.
The Indonesian benchmark retreated in the last four sessions, after rising yields on US government bonds and weak recent local economic data reinforced concerns about possible capital flight from the country.

New 18-months top on the Asian markets

Asian indexes 2012The Asian markets climbed today a new 18-month high, after favorable reports of large companies increased optimism among investors, but the yen darkened prospects for profits at Japanese exporters. The regional MSCI Asia Pacific Index rose less than 0.1 percent to 133.49 points, almost the same number of shares rose and fell in value. The Japanese Nikkei 225 slid 1 percent to 11 251.41 points after a representative of the group of the most developed economies in the world G7 who wished to remain anonymous, said she is worried about the excessive dynamism yen and investors misinterpreted the earlier message exchange rate. This led to the appreciation of the yen against all major currencies. The shares of Toyota Motor Corp. lost 1.8% of its value to 4,830 JPY, while those of Gree Inc sank 15 percent to 1,150 JPY after the company lowered its forecast for annual profit because of the postponement of its new games for social networks. The market capitalization of Pioneer Corp. declined by 10.7 percent to 201 JPY per share after announcing it now expects a loss for its financial year, and it plans layoffs and that of Tokyo Electric Power Co. declined by 8.5 percent to 184 JPY per share after it announced that it will organize a tender for the construction of power plants using solid fuel.
The stock markets in China, Hong Kong and Taiwan remained closed for the New Year celebration of the lunar calendar.
The South Korean KOSPI index jumped 1.6 percent to 1 976.07 points, bringing its losses this year to just 1.1%, as investors judged that local companies obtain a competitive advantage due to the appreciation of the JPY. The shares of Kia Motors Corp have added 3.85% to its value to 53,900 won, while those of SK Hynix Inc rose 2 percent to 25,500 won.

Most of the Asian indexes finished the week on profit

Asian indexes 2012Most of the indexes of the Asian markets ended the week with growth, but half the major markets remained closed for holidays and regional index sank to its lowest level since. The Regional MSCI Asia Pacific Index fell 0.3 percent to 124.90 points, registering a weekly loss of 1.4%, which had not happened the week ended December 16, 2011.
In Japan, the Nikkei 225 slid 0.8 percent to 9 688.45 points yesterday as the euro reached a 4-week low against the yen, decreasing value of the profits of investors in the Japanese market. Shares of Sony Corp. value decreased by 2% to ¥ 1,634, while those of Nintendo Co. fell 2.1 percent to 12,100 yen.
“The investors are wary of debt problems in Europe”, said a strategist at Mitsubishi UFJ Asset Management Co. in Tokyo. “The debt problems have weakened the euro against the yen”, he added. The market capitalization of Kobe Steel Ltd. shrank by 3.1 percent to 127 yen per share after the company announced a loss of 20 billion yen (243 million dollars) for the financial year, exceed double the preliminary estimates. Shares of Astellas Pharma Inc. however, rose 3.2 percent to 3,360 yen after its manner of treatment was approved by councilors of U.S. regulators.

Asian Indexes Finished on Green

Asian indexes increaseThe stock market indexes in Asia, Australia and New Zealand rose for the first time since early this week after the sale of shares of the previous four days, caused by the troubled situation in the Middle East and North Africa, and the price of the crude oil. The shares of the transport companies, which suffered severely previous sessions, recovered part of the losses after Saudi Arabia and the International Energy Agency (IEA) said they can compensate for an infringement in oil supplies from Libya. The shares of technology companies also performed well because of forecasts that prices of computer chips may rise next month. The regional index MSCI Asia Pacific rose 1% to 136.68 points, but has lost 2.3 percent since the beginning of this week, after oil prices jumped over $ 100 for the first time since October 2008. The Leading Japanese Nikkei 225 index added 0.7 percent to 10 526.80 points, while Australia S & P / ASX 200 rose 0.6 percent to 4 836.50 points. Because of rising oil prices and food prices this year deflation in Japan in January fell to its lowest level in nearly two years. The South Korea’s Kospi index rose 0.7 percent to 1 963.43 points and broader Chinese Shanghai Composite Index ended the session unchanged at 2 878.56 points. In Hong Kong Hang Seng rallied 1.8% up to 23 012.40 points. Well in the last session this week and presented companies with operations in the Middle East and South Korean engineering company Hyundai Engineering & Construction, which realizes 38% of its revenues in this region.

Asian markets recovered after hard drops

BSEThe stock exchanges in Asia and the Pacific have managed to recover part of the big sales during the previous two days, which brought their biggest losses for the past two months. Financial companies were again in focus of investors, but this time as the most profitable region. Regional stock index MSCI Asia Pacific, which includes public companies from ten Asian countries, Australia and New Zealand increased by 0.5 percent to 126.15 points. Metal prices rose after the rate of the dollar took down the price of oil rose from his bed three weeks from 81.45 dollars a barrel, reached yesterday. Greater economic optimism decreased the rate of the yen against all major currencies, which supported the shares of exporting companies on the stock exchange in Tokyo. The broader Topix index added Japanese 0.1 percent to 972 points, but the Nikkei 225 fell 0.1 percent to 10 900 points after the index of business activity in the services sector declined. The index that tracks the value of services purchased by companies, fell by 0.2 percent on a monthly basis in March. Exchange of Hong Kong’s Hang Seng rose 1% to 21 624 points and offset part of the strong decline on Monday. Wide Chinese Shanghai Composite Index, however, remained negative territory today with a loss of 0.1% to 2 979 points. The news that the Chinese government had a ban on banks to grant loans to purchase a third property prompted strong sales of shares of construction and housing sector in recent days.