Asia: corporate news, and recommendations of brokers supported a region
Aug 11th, 2009 | By admin | Category: Reviews and ideasÂÂ
Tuesday, 11 August, the stock markets of the Asia-Pacific region against the background of the output of positive corporate reporting, as well as increasing the brokers recommendations on a number of shares finished the day with a positive result, supported by expectations of the imminent end of world recession.
statistics published today, as China's economy has been controversial. Thus, industrial production in July jumped to 10.8% y /y, which has not met expectations of analysts, retail sales increased by 15% y /y, while the consumer price index fell by 1.8% y /y. The drop in exports, which is one of the key engines of the economy, continued in July and amounted to 23% y /y, which was higher than the previous decline to 21.4% y /y.
The overall indicator
regional MSCI Asia Pacific Index added 0.6% to values of 112.49 points.
Japanese Nikkei 225 rose 0.58% and reached a value of 10 585.46 points, the broader Topix market indicator went up by 0.44% and reached 973.51 points, even in spite of the country come the earthquake. Quotations P.S. Mitsubishi Construction, engaged in the construction of facilities for the prevention of natural disasters, went up by 5.6%, while Fudo Tetra, carrying out work on the restoration of land, have become harder to 5.1%.
Shares insurer Aioi Insurance jumped to 4.2% against the backdrop of allegations of take-off net profit for the 3 months to end June 30, more than 4 times. The papers of his rival Mitsui Sumitomo Insurance Group Holdings, reported 37% increase in profit for 1 quarter, gaining 2%.
Quotations Nippon Sheet Glass finished the session with the strengthening in the 9.2% after analysts Bank of America and Merrill Lynch recommended buying shares of the company, stressing that the increase in the cost of production at Nippon Sheet Glass Europe will have a positive impact on profits.
Hong Kong Hang Seng rose by 0.69% to 21 074.21 points. Shares in China's largest operator of online chats Tencent Holdings recovered by 5.2% on expectations of the publication of data on the improvement of tomorrow's quarterly earnings report. Quotations Hong Kong Exchanges Clearing, which tomorrow should also report on corporate results, went up by 3.8%.
Stock indicator
Australia SP /ASX 200 concluded the day, rising to 0.65% to 4 332.00 points. Quotations retailer JB Hi-Fi have become harder to 8.7% against the backdrop of reports of increased profit for the second half of the fiscal year by 53%, which was due to improvement in sales of video games, as well as LCD TVs.
Singapore Straits Times concluded its bid to capacity at 1.88% to 2 597.30 points. Shares second on the world's largest producer of palm oil Golden Agri-Resources soared 12% after Morgan Stanley analysts have raised recommendations on the securities, as well as their predictive value, indicating good prospects for growth in the cost of oil.
the main index at the closing are shown in the table:
| Index | Country | Closing (items) | Change day (items) | Changing theday (%) | Change from the beginning of the year |
|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 4332,00 | 27,90 | 0 , 65% | 16,38% |
| All Ordinaries | Australia | 4334,40 | 25,20 | 0,58% | 18,45 % |
| Ho Chi Minh | Vietnam | 494,17 | 2,970 | 0,60% | 56,57% |
| Hang Seng | Hong Kong | 21074,21 | 144,69 | 0,69% | 46,48% |
| Hang Seng H-shares | Hong Kong | 11988,79 | 87,14 | 0,73% | 51,91% |
| BSE 30 (Sensex) | India | 15074, 57 | 64,80 | 0,43% | 56,26% |
| Jakarta Composite | Indonesia | 2399,28 | 9,71 | 0,41% | 77,02% |
| Shanghai A-shares | China | 3426,84 | 15,66 | 0,46% | 79,25% |
| CSI 300 | China | 3556,38 | 11,84 | 0,33% | 95,65% |
| KLSE Composite | Malaysia | 1186,28 | -1,72 | -0,14% | 35,30% |
| NZSE 50 | New Zealand | 3055,47 | -25 50 | -0,83% | 12,51% |
| Karachi 100 | Pakistan | 8056,80 | -25,26 | -0,31% | 37,37% |
| Straits Times | Singapore | 2597,30 | 47,95 | 1,88% | 47,44% |
| Bangkok SET | Thailand | 643,02 | -0,73 | -0,11% | 42,91% |
| TAIEX | Taiwan | 6909,02 | 26,15 | 0,38% | 50,48% |
| PSEi | Philippines | 2860,54 | 9,96 | 0,35% | 52,74% |
| Colombo All-Shares | Sri Lanka | 2524,92 | 2,15 | 0,09% | 67 , 99% |
| KOSPI | South Korea | 1579,21 | 3,10 | 0,20% | 40,44% |
| Nikkei 225 | Japan | 10585,46 | 61,20 | 0,58% | 19,48% |
| Topix | Japan | 973,51 | 4,27 | 0,44% | 13,30% |
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