Japanese stocks climbed after comments by Federal Reserve Vice Chairman Donald Kohn raised expectations the central bank will cut interest rates, easing concern growth will stall in Japan's biggest overseas market.
Nintendo Co. led gains by exporters after the yen weakened against the dollar, bolstering the value of companies' overseas sales. Mitsubishi UFJ Financial Group Inc., Japan's largest bank by market value, jumped on speculation increased liquidity will offset investment losses.
``Kohn's comments increased expectations of a rate cut, and we might even see a large reduction this time, which should help to support the U.S. economy and stocks at home as well,'' said Naoki Fujiwara, who helps oversee $3.2 billion as chief fund manager at Shinkin Asset Management Co. in Tokyo. ``The yen is a function of the economic outlook, which is why investors are buying dollars.''
The Nikkei 225 Stock Average gained 359.96, or 2.4 percent, to 15,513.74 at the close of trading in Tokyo. The Topix index rose 38.83, or 2.6 percent, to 1,514.47. Both benchmarks climbed the most since Nov. 14.
Nintendo, the world's biggest maker of handheld game players, rose 2,900 yen, or 4.7 percent, 65,100 in Osaka. Mitsubishi UFJ gained 62 yen, or 6.1 percent, to 1,076. Mizuho Financial Group Inc., Japan's second-largest bank by market value, climbed 26,000 yen, or 4.7 percent, to 583,000.
Nintendo also gained after the Kyoto-based company yesterday said U.S. consumers bought 350,000 Wii video-game consoles last week, the most since the first days of sales a year ago.
Deterioration `Not Anticipated'
Honda Motor Co., which generates 55 percent of its sales in North America, jumped 130 yen, or 3.6 percent, to 3,740. Toyota Motor Corp., the world's largest automaker by market value, rose 190 yen, or 3.2 percent, to 6,190, the biggest gain since Oct. 26.
bull-report.com
четверг, 29 ноября 2007 г.
Asian Stocks Rise on U.S. Rate Cut Speculation; Samsung Climbs
Asian stocks rose, led by Toyota Motor Co. and Samsung Electronics Co., on expectations the Federal Reserve will cut U.S. interest rates to support growth in the region's largest export market.
Toyota and Samsung climbed to their highest in about two weeks after Fed Vice Chairman Donald Kohn said policymakers must be ``flexible and pragmatic'' in response to a credit market ``deterioration.'' Mitsubishi UFJ Financial Group Inc. led banks higher. Sino Land Co. paced gains among Hong Kong developers on speculation the city's borrowing costs will follow U.S. rates lower, boosting demand for real estate.
``Kohn's comments increased expectations of a rate cut, and we might even see a large reduction this time, which should help to support the U.S. economy and stocks at home as well,'' said Naoki Fujiwara, who helps oversee $3.2 billion as chief fund manager at Shinkin Asset Management Co. in Tokyo.
The MSCI Asia Pacific Index climbed 2.5 percent to 160.62 at 5:22 p.m. in Tokyo, with all 10 industry groups advancing. Japan's Nikkei 225 Stock Average jumped 2.4 percent. Hong Kong's Hang Seng Index rose 4.1 percent, extending gains after a Chinese official said the country will proceed with a plan allowing individual purchases of the city's stocks.
All markets advanced in the region except in New Zealand, Vietnam and Sri Lanka.
Concerns that losses tied to U.S. subprime mortgages are spreading and that the U.S. economy is slowing helped drag the MSCI Asia Pacific down by 6.7 percent from its Nov. 1 record. The Nikkei has lost 8 percent in that time.
bull-report.com
Toyota and Samsung climbed to their highest in about two weeks after Fed Vice Chairman Donald Kohn said policymakers must be ``flexible and pragmatic'' in response to a credit market ``deterioration.'' Mitsubishi UFJ Financial Group Inc. led banks higher. Sino Land Co. paced gains among Hong Kong developers on speculation the city's borrowing costs will follow U.S. rates lower, boosting demand for real estate.
``Kohn's comments increased expectations of a rate cut, and we might even see a large reduction this time, which should help to support the U.S. economy and stocks at home as well,'' said Naoki Fujiwara, who helps oversee $3.2 billion as chief fund manager at Shinkin Asset Management Co. in Tokyo.
The MSCI Asia Pacific Index climbed 2.5 percent to 160.62 at 5:22 p.m. in Tokyo, with all 10 industry groups advancing. Japan's Nikkei 225 Stock Average jumped 2.4 percent. Hong Kong's Hang Seng Index rose 4.1 percent, extending gains after a Chinese official said the country will proceed with a plan allowing individual purchases of the city's stocks.
All markets advanced in the region except in New Zealand, Vietnam and Sri Lanka.
Concerns that losses tied to U.S. subprime mortgages are spreading and that the U.S. economy is slowing helped drag the MSCI Asia Pacific down by 6.7 percent from its Nov. 1 record. The Nikkei has lost 8 percent in that time.
bull-report.com
пятница, 23 ноября 2007 г.
Asian Stocks Gain for First Time in Seven Days; ICBC Advances
Asian stocks rose for the first time in seven days, trimming a regional index's worst weekly loss in three months.
China Mobile Ltd., Industrial and Commercial Bank of China Ltd. and Cnooc Ltd. helped Hong Kong's index to its first gain in three days after billionaire Lee Shau-kee said he bought shares.
``The fundamentals of Hong Kong stocks are still very strong,'' said Khiem Do, who helps oversee $16 billion in equities at Baring Asset Management (Asia) Ltd.
Samsung Electronics Co., the world's largest liquid-crystal display maker, climbed to a one-week high in Seoul after saying it will invest 2.06 trillion won ($2.2 billion) to expand a factory to meet rising demand for LCDs.
Tokyo was closed for a holiday and the MSCI Asia Pacific excluding Japan Index climbed 0.2 percent to 506.92 at 4:57 p.m. in Hong Kong, after a six-day, 8.3 percent slump. The benchmark dropped 4.8 percent this week, its fourth straight loss and the worst weekly performance since the five days ended Aug. 17.
Hyundai Heavy Industries Ltd. dropped on concern demand for industrial goods is waning, sending South Korea's Kospi to its longest losing streak in three years. The index led losses in Asia this week, with Pakistan posting the only advance.
Regional indexes advanced elsewhere today except for Australia, Taiwan and Sri Lanka. China's CSI 300 Index climbed the most in a week, while the Sensitive Index snapped a six-day drop in India.
Japan's Topix index slid 0.1 percent yesterday, after having dropped 21 percent from its February peak, making the country the first of the world's 10 biggest stock markets to enter a bear market this year. U.S. trading had a break yesterday for the Thanksgiving holiday.
pennystock-list.com
China Mobile Ltd., Industrial and Commercial Bank of China Ltd. and Cnooc Ltd. helped Hong Kong's index to its first gain in three days after billionaire Lee Shau-kee said he bought shares.
``The fundamentals of Hong Kong stocks are still very strong,'' said Khiem Do, who helps oversee $16 billion in equities at Baring Asset Management (Asia) Ltd.
Samsung Electronics Co., the world's largest liquid-crystal display maker, climbed to a one-week high in Seoul after saying it will invest 2.06 trillion won ($2.2 billion) to expand a factory to meet rising demand for LCDs.
Tokyo was closed for a holiday and the MSCI Asia Pacific excluding Japan Index climbed 0.2 percent to 506.92 at 4:57 p.m. in Hong Kong, after a six-day, 8.3 percent slump. The benchmark dropped 4.8 percent this week, its fourth straight loss and the worst weekly performance since the five days ended Aug. 17.
Hyundai Heavy Industries Ltd. dropped on concern demand for industrial goods is waning, sending South Korea's Kospi to its longest losing streak in three years. The index led losses in Asia this week, with Pakistan posting the only advance.
Regional indexes advanced elsewhere today except for Australia, Taiwan and Sri Lanka. China's CSI 300 Index climbed the most in a week, while the Sensitive Index snapped a six-day drop in India.
Japan's Topix index slid 0.1 percent yesterday, after having dropped 21 percent from its February peak, making the country the first of the world's 10 biggest stock markets to enter a bear market this year. U.S. trading had a break yesterday for the Thanksgiving holiday.
pennystock-list.com
South African Stocks Rise, Led by Anglo American, BHP Billiton
South African shares gained, led by Anglo American Plc after HSBC Holdings Plc raised its recommendation in the world's second-largest mining company.
The FTSE/JSE Africa All Share Index added 107.85, or 0.4 percent, to 29,235.27 at 9:26 a.m. in Johannesburg, as 58 stocks gained, 19 dropped and 82 were unchanged.
Anglo American, the world's second-biggest mining company, climbed 1.51 rand, or 0.4 percent, to 398.70. HSBC raised its recommendation on Anglo American to ``overweight'' from ``neutral.'' Larger rival BHP advanced 1.50 rand, or 0.7 percent, to 211.
Copper for delivery in three months climbed as much as 2.1 percent to $6,700 a metric ton in London on speculation that manufacturers in China, the world's biggest consumer of the metal, have stepped up purchases to take advantage of the lowest price in almost nine months. The metal used in wiring and plumbing has dropped 5 percent this week. Nickel, lead, zinc and aluminum prices also rose.
Harmony Gold Mining Co., South Africa's third-largest gold producer, added 50 cents, or 0.7 percent, to 69.30. Gold for immediate delivery advanced 0.9 percent to $811.40 an ounce as the dollar fell to a record low against the euro and oil prices held above $97 a barrel, boosting bullion's appeal as an alternative investment and hedge against inflation.
pennystock-list.com
The FTSE/JSE Africa All Share Index added 107.85, or 0.4 percent, to 29,235.27 at 9:26 a.m. in Johannesburg, as 58 stocks gained, 19 dropped and 82 were unchanged.
Anglo American, the world's second-biggest mining company, climbed 1.51 rand, or 0.4 percent, to 398.70. HSBC raised its recommendation on Anglo American to ``overweight'' from ``neutral.'' Larger rival BHP advanced 1.50 rand, or 0.7 percent, to 211.
Copper for delivery in three months climbed as much as 2.1 percent to $6,700 a metric ton in London on speculation that manufacturers in China, the world's biggest consumer of the metal, have stepped up purchases to take advantage of the lowest price in almost nine months. The metal used in wiring and plumbing has dropped 5 percent this week. Nickel, lead, zinc and aluminum prices also rose.
Harmony Gold Mining Co., South Africa's third-largest gold producer, added 50 cents, or 0.7 percent, to 69.30. Gold for immediate delivery advanced 0.9 percent to $811.40 an ounce as the dollar fell to a record low against the euro and oil prices held above $97 a barrel, boosting bullion's appeal as an alternative investment and hedge against inflation.
pennystock-list.com
среда, 21 ноября 2007 г.
Japan Stocks Fall, Led by Honda, on Fed Outlook, Yen, Oil Price
Japanese stocks fell, led by exporters such as Honda Motor Co., after the Federal Reserve cut its 2008 growth forecast for the U.S. economy, and the yen rose to a two-year high against the dollar.
Shares also dropped on concern crude oil prices near $100 per barrel will curb profit. Mitsui O.S.K. Lines Ltd., Japan's second-largest shipping line, fell 5.5 percent, and Mitsui Chemicals Inc. declined 3.8 percent.
``A slowing U.S. economy puts negative pressure on Japanese corporate earnings,'' said Masaki Iso, who oversees about $7.3 billion as head of Japanese equities at Yasuda Asset Management Co. in Tokyo. ``Corporate earnings are still sensitive to the dollar-yen exchange rate. The sensitivity is less now than 10 years ago, but overseas sales are still a big part of Japanese corporate earnings.''
The U.S. is Japan's biggest overseas market.
The Nikkei 225 Stock Average fell 373.86, or 2.5 percent, to 14,837.66 at the close of trading in Tokyo, the lowest since July 24, 2006. The broader Topix index slumped 30.55, or 2.1 percent, to 1,438.72, a level not seen since October 2005.
Honda, Japan's second-largest carmaker, dropped 170 yen, or 4.5 percent, to 3,620, falling the most since Aug. 17. Toshiba Corp., the world's second-biggest maker of flash memory chips, lost 35 yen, or 4 percent, to 841. Toyota Motor Corp., the world's most valuable carmaker and second in U.S. auto sales this year, fell 170 yen, or 2.8 percent, to 5,940.
The Fed lowered its 2008 U.S. growth forecast at its last meeting to as little as 1.8 percent from a previous estimate of 2.5 percent to 2.75 percent, according to minutes released by the central bank yesterday. It also expressed concern about credit-market losses.
pennystock-pics.com
Shares also dropped on concern crude oil prices near $100 per barrel will curb profit. Mitsui O.S.K. Lines Ltd., Japan's second-largest shipping line, fell 5.5 percent, and Mitsui Chemicals Inc. declined 3.8 percent.
``A slowing U.S. economy puts negative pressure on Japanese corporate earnings,'' said Masaki Iso, who oversees about $7.3 billion as head of Japanese equities at Yasuda Asset Management Co. in Tokyo. ``Corporate earnings are still sensitive to the dollar-yen exchange rate. The sensitivity is less now than 10 years ago, but overseas sales are still a big part of Japanese corporate earnings.''
The U.S. is Japan's biggest overseas market.
The Nikkei 225 Stock Average fell 373.86, or 2.5 percent, to 14,837.66 at the close of trading in Tokyo, the lowest since July 24, 2006. The broader Topix index slumped 30.55, or 2.1 percent, to 1,438.72, a level not seen since October 2005.
Honda, Japan's second-largest carmaker, dropped 170 yen, or 4.5 percent, to 3,620, falling the most since Aug. 17. Toshiba Corp., the world's second-biggest maker of flash memory chips, lost 35 yen, or 4 percent, to 841. Toyota Motor Corp., the world's most valuable carmaker and second in U.S. auto sales this year, fell 170 yen, or 2.8 percent, to 5,940.
The Fed lowered its 2008 U.S. growth forecast at its last meeting to as little as 1.8 percent from a previous estimate of 2.5 percent to 2.75 percent, according to minutes released by the central bank yesterday. It also expressed concern about credit-market losses.
pennystock-pics.com
Asian Stocks Fall After Oil Rises to Record, Fed Cuts Forecast
Asian stocks slumped, led by Honda Motor Co., after a decline in the dollar pushed the price of crude oil to almost $100 a barrel and the Federal Reserve cut its forecast for U.S. economic growth.
Honda posted its biggest drop in three months, and Toyota Motor Corp., ranked second in U.S. auto sales this year, fell the most in more than a week as the yen strengthened to a two-year high against the dollar. Commonwealth Bank of Australia and Mizuho Financial Group Inc. slid after Freddie Mac, the second- biggest U.S. mortgage-finance company, reported a record loss.
``A spate of bad news related to the U.S. subprime-loan issue has made the outlook uncertain,'' said Kazuyuki Terao, who helps oversee $1.7 billion at RCM Japan Ltd. in Tokyo. ``With the chances of a U.S. economic slowdown on the rise, there are concerns that high commodity prices could squeeze corporate profits.''
The MSCI Asia Pacific Index lost 1.8 percent to 155.21 at 3:02 p.m. in Tokyo, with all 10 industry groups falling. Japan's Nikkei 225 Stock Average slid 2.5 percent to 14,837.66, its lowest close since July 2006, and South Korea's Kospi index lost 3.5 percent in its longest losing streak since December 2006. All Asian markets fell except New Zealand.
Air China Ltd., the world's largest carrier by market value, led airlines lower on concern the rising price of oil will increase fuel charges. Nippon Steel Corp. and JFE Holdings Inc., the world's second- and third-largest steelmakers, both sank to the lowest in at least 11 months. BHP Billiton Ltd., Australia's biggest oil producer, advanced.
pennystock-pics.com
Honda posted its biggest drop in three months, and Toyota Motor Corp., ranked second in U.S. auto sales this year, fell the most in more than a week as the yen strengthened to a two-year high against the dollar. Commonwealth Bank of Australia and Mizuho Financial Group Inc. slid after Freddie Mac, the second- biggest U.S. mortgage-finance company, reported a record loss.
``A spate of bad news related to the U.S. subprime-loan issue has made the outlook uncertain,'' said Kazuyuki Terao, who helps oversee $1.7 billion at RCM Japan Ltd. in Tokyo. ``With the chances of a U.S. economic slowdown on the rise, there are concerns that high commodity prices could squeeze corporate profits.''
The MSCI Asia Pacific Index lost 1.8 percent to 155.21 at 3:02 p.m. in Tokyo, with all 10 industry groups falling. Japan's Nikkei 225 Stock Average slid 2.5 percent to 14,837.66, its lowest close since July 2006, and South Korea's Kospi index lost 3.5 percent in its longest losing streak since December 2006. All Asian markets fell except New Zealand.
Air China Ltd., the world's largest carrier by market value, led airlines lower on concern the rising price of oil will increase fuel charges. Nippon Steel Corp. and JFE Holdings Inc., the world's second- and third-largest steelmakers, both sank to the lowest in at least 11 months. BHP Billiton Ltd., Australia's biggest oil producer, advanced.
pennystock-pics.com
понедельник, 19 ноября 2007 г.
Asian Stocks Decline After China Tells Banks to Cool Lending
Asian stocks fell, led by China Mobile Ltd. and Mitsui & Co., after Chinese regulators told banks to cool lending that has fueled the world's fastest economic expansion.
China Mobile, the world's largest mobile-phone operator by users, and Industrial and Commercial Bank of China Ltd., the nation's biggest lender, dropped for a third day in Hong Kong. Mitsubishi Corp. and Mitsui, Japan's two largest trading companies, slid to the lowest in more than two months in Tokyo.
``What is Asian growth without China?'' said Leslie Phang, who helps oversee $1 billion at Commonwealth Private Bank in Singapore. ``If China goes, everything else goes.''
The Morgan Stanley Capital International Asia Pacific Index lost 0.5 percent to 157.52 as of 5:10 p.m. in Tokyo, bringing this month's drop to 8 percent. Seven of the measure's 10 industry groups fell today.
Japan's Nikkei 225 Stock Average declined 0.7 percent to 15,042.56. Benchmarks slid across the region except in Australia, the Philippines and India. New Zealand's was little changed.
BHP Billiton Ltd. and Rio Tinto Group led a 1.1 percent advance in Australia's S&P/ASX 200 Index after BHP's chief executive officer said the majority of shareholders he had met supported a plan to combine the two companies.
China Mobile lost 1.1 percent to HK$131.80 in Hong Kong, the biggest contributor to the drop in the city's Hang Seng Index. Industrial & Commercial Bank fell 1.2 percent to HK$6. China Vanke Co., the nation's biggest listed property developer, slid 4 percent to 32.93 yuan in Shenzhen.
investpennystocks.com
China Mobile, the world's largest mobile-phone operator by users, and Industrial and Commercial Bank of China Ltd., the nation's biggest lender, dropped for a third day in Hong Kong. Mitsubishi Corp. and Mitsui, Japan's two largest trading companies, slid to the lowest in more than two months in Tokyo.
``What is Asian growth without China?'' said Leslie Phang, who helps oversee $1 billion at Commonwealth Private Bank in Singapore. ``If China goes, everything else goes.''
The Morgan Stanley Capital International Asia Pacific Index lost 0.5 percent to 157.52 as of 5:10 p.m. in Tokyo, bringing this month's drop to 8 percent. Seven of the measure's 10 industry groups fell today.
Japan's Nikkei 225 Stock Average declined 0.7 percent to 15,042.56. Benchmarks slid across the region except in Australia, the Philippines and India. New Zealand's was little changed.
BHP Billiton Ltd. and Rio Tinto Group led a 1.1 percent advance in Australia's S&P/ASX 200 Index after BHP's chief executive officer said the majority of shareholders he had met supported a plan to combine the two companies.
China Mobile lost 1.1 percent to HK$131.80 in Hong Kong, the biggest contributor to the drop in the city's Hang Seng Index. Industrial & Commercial Bank fell 1.2 percent to HK$6. China Vanke Co., the nation's biggest listed property developer, slid 4 percent to 32.93 yuan in Shenzhen.
investpennystocks.com
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