Asia: corporate accountability largest regional automakers warned optimism
Jul 30th, 2009 | By admin | Category: Reviews and ideasÂÂ
On Thursday, 30 July, the stock markets of the Asia-Pacific region against the backdrop of better than expected corporate reporting companies such as Honda Motor and Nissan Motor, improved investor confidence to a speedy recovery in world economic growth, concluded the day with a positive result.
Statement by the People's Bank of China, that the regulator will maintain a moderately soft monetary policy, as well as the use of market instruments for strengthening regulation of the stock indicator in Hong Kong and China. Recall that at yesterday's auction Chinese stock index Shanghai Composite Index fell to a maximum in the last 8 months, the amount of 5%.
Reducing the cost of oil and metals at yesterday's auction in New York, however, adversely affected the Securities commodity sector, most of whom completed the bidding with a negative result.
The overall indicator
regional MSCI Asia Pacific Index added 0.7% to values of 109.95 points.
Japanese Nikkei 225 rose 0.51% and reached a value of 10 165.21 points, the broader Topix market indicator went up by 0.71% and reached 936.94 points. Mitsubishi Electric Shares soared 15% up to 710 yen against the backdrop of the publication of a smaller than expected quarterly loss of 8.25 billion yen ($ 87 million), which is due to increased sales of heavy equipment. The head of the firm also said that the worst is over for us.
Quotations
the second largest domestic automakers Honda Motor jumped to 8.7% to 3 010 yen. Representatives of Honda, after yesterday's closing bid announced on improving the forecast for operating profit for the year to end in March 2010 to 70 billion yen, emphasizing cost reductions. Nomura analysts also upgraded the stock recommendation to assess the buy.
Papers
its rival Nissan Motor have been heavier than a 10% to 694 yen. Net loss for the company's first quarter was below expectations of analysts. Shares of gold and nickel producer Sumitomo Metal Mining collapsed to 3.9% to 1 392 yen against the backdrop of the publication of a quarterly profit fall by 78%, as well as reducing the cost of metals.
Hong Kong Hang Seng rose by 0.49% to 20 234.08 points. Shares in China's largest oil service agent outside the sushi Cnooc rolled down on 1,5% to HK $ 10,26. Quotations manufacturer of household appliances Techtronic Industries fell by 5.9% to HK $ 6,65 significance against the backdrop of the news of the intention to raise funds through additional issue of shares.
Stock indicator
Australia SP /ASX 200 concluded the day, rising to 1.15% to 4 190.40 points. Quotations world's largest mining company BHP Billiton weakened to 0.8% to A $ 37,15 as a result of reducing the cost of metals.
Papers largest capitalization national lender Commonwealth Bank went up by 4.3%, while its rival National Australia Bank strengthened to 3.8% after Citigroup analysts have upgraded the recommendation on shares of both banks to assess the buy Highlighting the narrowing of credit spreads, as well as eliminating the risks of insolvency.
Filipino PSEi bidding has completed with the weakening to 1.37% to 2 764.98 points. Shares of energy Manila Electric collapsed by 18% on expectations of a speedy end battle of the two largest owners of property on it.
the main index at the closing are shown in the table:
| Index | Country | Closing (items) | Change day (items) | Changing the day (%) | Change from the beginning of the year |
|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 4190,40 | 47,60 | 1 , 15% | 12,58% |
| All Ordinaries | Australia | 4195,90 | 47 | 1,13% | 14,66% |
| Ho Chi Minh | Vietnam | 451,91 | -6,13 | -1,34% | 43,18% |
| Hang Seng | Hong Kong | 20234,08 | 98,58 | 0,49% | 40,64% |
| Hang Seng H-shares | Hong Kong | 11991,60 | 0,23 | 0,00% | 51,95% |
| BSE 30 (Sensex) | India | 15387,96 | 214,50 | 1,41% | 59,51% |
| Jakarta Composite | Indonesia | 2298,14 | 72,32 | 3,25% | 69,55% |
| Shanghai A-shares | China | 3486,83 | 57,90 | 1,69% | 82,39% |
| CSI 300 | China | 3634,82 | 76,31 | 2,14% | 99,97% |
| KLSE Composite | Malaysia | 1160,66 | -3,82 | -0,33% | 32,38% |
| NZSE 50 | New Zealand | 2994,00 | 3,53 | 0,12% | 10,25% |
| Karachi 100 | Pakistan | 7491,76 | -45,22 | -0,60% | 27,74% |
| Straits Times | Singapore | 2636,19 | 32,13 | 1,23% | 49,65% |
| Bangkok SET | Thailand | 621,95 | 7,07 | 1,15% | 38,22% |
| TAIEX | Taiwan | 7027,11 | -56,52 | -0,80% | 53,06% |
| PSEi | Philippines | 2764,98 | -38,41 | -1,37% | 47,63% |
| Colombo All-Shares | Sri Lanka | 2511,85 | 1,84 | 0,07% | 67,12% |
| KOSPI | South Korea | 1534,74 | 10,42 | 0,68% | 36,49% |
| Nikkei 225 | Japan | 10165,21 | 51,97 | 0,51% | 14,74% |
| Topix | Japan | 936,94 | 6,58 | 0,71% | 9,04% |
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