Asia: reasons for concern yet

by admin on July 24th, 2009

 

On Friday, 24 July, the stock markets of the Asia-Pacific completed the day in positive territory thanks to a greater degree of positive statistics on the GDP of South Korea, as well as increase your equity and Panasonic Quanta.

As a result of trades

regional index MSCI Asia Pacific has strengthened its position at 0.9% and closed at 107.97 points. Japanese Nikkei 225 advanced at 1.55%, while Australia SP /ASX 200 closed at 0,63% above the previous value. The leader of the fall was a Pakistani Karachi 100, which lost in the auction 1,09%.

internal driver of growth was the message the central bank of South Korea that the country's GDP in the second quarter rose to a record for nearly 6 years the amount of 2.3%, while analysts predicted an increase of 2,2%.

Panasonic

Shares jumped to 8.3% after JPMorgan analysts upgraded rating securities of Japanese manufacturer of electronics and home appliances with a neutral to best market.

Papers Samsung Electro-Mechanics rose by 2.4% due to the fact that Samsung Securities analysts forecast price increases the company's shares by 16% to 85,000 won, citing the fact that the profits Samsung Electro-Mechanics has surpassed their expectations. In addition, the recommendation on shares of South Korean companies have maintained buy.

Quotations

Quanta completed the day in the black at 5.6%, after analysts upgraded shares of the Taiwan company's rating to a better market, referring to the increase of orders for notebook computers.

Nufarm Shares soared 13% after the emergence of information on the possible merger of Australia's largest supplier of fertilizers to the Chinese company Sinochem.

Papers

New Zealand Refining rose by 3.5% after the largest U.S. refining company Valero Energy announced its intention to buy only in New Zealand's oil refinery.

Quotations

SSP climbed to 4.2% on the basis of the trading in Tokyo because the Japanese pharmacist profit in the first half exceeded the expectations of analysts.

outsiders bidding companies were consumer sector. In quotes Japan Tobacco adversely affected the information that the opposition Democratic Party of Japan plans to impose a tax on tobacco products. As a result of Japan Tobacco shares trades cheaper to 2,8%.

Paper in Australia's largest retailer Woolworths fell by 1.7% after the company's stock rating was downgraded by analysts JPMorgan to better market to neutral.

the main index at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
SP /ASX 200 Australia 4,089.80 25.70 0.63% 3722.30 9.87%
All Ordinaries Australia 4,097.30 24.70 0.61% 3659.30 11.97%
Ho Chi Minh Vietnam 454.71 20.51 4.72% 315.62 44.07%
Hang Seng Hong Kong 19,982.79 165.09 0.83% 14387.48 38.89%
Hang Seng H-shares Hong Kong 11,984.36 160.61 1.36% 7891.80 51.86%
BSE 30 (Sensex) India 15,378.96 147.92 0.97% 9647.31 59.41%
Jakarta Composite Indonesia 2,185.65 24.94 1.15% 1355.41 61.25%
Shanghai A-shares China 3,540.74 46.48 1.33% 1911.79 85.21%
CSI 300 China 3,667.56 15.59 0.43% 1817.72 101.77%
KLSE Composite Malaysia 1,155.88 3.73 0.32% 876.75 31.84%
NZSE 50 New Zealand 2,961.17 42.54 1.458% 2715.71 9.04%
Karachi 100 Pakistan 7,778.17 -85.69 -1.09% 5865.01 32.62%
Straits Times Singapore 2,533.43 48.53 1.95% 1761.56 43.82 %
Bangkok SET Thailand 442.12 1.41 0.32% 449.96 -1.74%
TAIEX Taiwan 6,973.28 -7.60 -0.11% 4591.22 51.88%
PSEi Philippines 2,553.96 64.47 2.47% 1872.85 36.37%
Colombo All-Shares Sri Lanka 2,490.52 9.96 0.4% 1503.02 65.70%
KOSPI South Korea 1,502.59 6.10 0.41% 1124.47 33.63%
Nikkei 225 Japan 9,944.55 151.61 1.55% 8859.56 12.25%
Topix Japan 920.48 11.79 1.3% 859.24 7.13%


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