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Asia: after the holidays with renewed vigor bulls rush into battle

Jan 20th, 2010 | By admin | Category: Reviews and ideas

 

Monday, December 28, stock markets in Asia showed a generally positive momentum. The key news of the day were $ 20-billion-dollar contract to build nuclear power plants in the UAE, received South Korean companies, as well as data on the profits of Chinese industrial sector. According to released data, the profits of Chinese manufacturers for the period from January to November increased by 7.8% y /y to a level of 2.59 trillion yuan (U.S. $ 379 billion), while in the first 8 months of this year decreased by 10.6 % - this shows a significant upturn in recent months.

Makrostatistika Japan has played in favor of the bulls - Industrial production increased by 2,6%, ie by 0,2% stronger than forecast, while retail sales fell by 0,2% weaker than expected.

Following the session, the key index of Japan"s Nikkei 225 rose 1.33%, Chinese CSI 300 was strengthened to 1.57%, while Hong Kong"s Hang Seng declined by 0.17%. Stock Exchange of Australia, New Zealand, India and Pakistan were closed to mark the celebrations.

At the auctions in South Korea, shares of the leading engineering and construction companies have completed the session with some good winnings - Korea Electric Power shares added 5%, Hyundai Engineering Construction - 4,6%, while the paper Doosan Heavy Industries Construction soared by 15% against the background of news about these three companies included in the group won a multibillion-dollar contract to build a nuclear power plant in the UAE.

The Chinese market is enthusiastic about the reported increase profits in the industry. Shares of the largest refiners in the region, China Petroleum Chemical, known as Sinopec, added 1.7%. China"s leading coal producer China Shenhua Energy was strengthened by 1,9%. In positive territory were also manufacturers of household appliances and electronics.

At the stock exchanges in Japan prevailed optimism emerged against the background of macroeconomic data, although trading volume was relatively small.

Shares Nippon Oil and Nippon Mining Holdings added 4.8% and 5.4% respectively, against the background appeared in the press details of their merger. In particular, companies in the association plans to reduce refining capacity, which was welcomed by the market - the problem of overproduction in the sector are well known.

The weakening of the yen brought the upbeat mood in the ranks of exporters. Sharp shares added 2.2% and automaker Nissan Motor stronger on 1,7%. Leading staleproizvoditeli Nippon Steel and JFE Holdings added 1,4%.


Index Country Closing (items) Delta day (items) Change day (%) Change YTD
Ho Chi Minh Vietnam 492,57 -0,51 -- 2,51 56,86
Hang Seng Hong Kong 21480,22 -0,17 -36,78 49,55
Hang Seng H-shares Hong Kong 12669,52 -0,03 -4,22 60,59
Jakarta Composite Indonesia 2509,692 1 41 34,809 82,59
Shanghai A-shares China 3344,496 1,51 49,788 72,34
CSI 300 China 3478,433 1,57 53,65 88,41
KLSE Composite Malaysia 1272,73 0,7 8,79 44,16
Straits Times Singapore 2855,68 0,63 17,98 61,09
Bangkok SET Thailand 519,62 0,5 2,61 63,38
TAIEX Taiwan 8057 49 1,06 84,9 73,65
PSEi Philippines 3032,84 0,28 8,51 61,48
Colombo All-Shares Sri Lanka 3344,89 1,58 52,13 119,08
KOSPI South Korea 1685,59 0,19 3,25 49,61
Nikkei 225 Japan 10634, 23 &ltd57;/td> 1,33 139,52 18,46
Topix Japan 914,78 0,59 5,39 5,84


Asia: Investors were hidden in the pockets of the weekly earnings
Latin America: good data - a good result
USA: steady growth for the holiday season
Europe: a relaxed session before the long weekend
Asia: in the hopes of a better
Latin America: Commodities hopes
United States: the commodity sector and high technology markets pulled in the plus
Europe: News from the U.S. did not prevent the indices closed in positive territory
Asia: while Japan is resting, other markets are growing

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