Post Reply
521-540 of 1135
The pattern is very similiar to Dow Jones last night.
If rebound later, that means STI really follow Dow....
What is the rationale of the fall? You think it will continue or it will rebound?
You quite zhun huh!
STI will drop a bit in 5-10 mins.
STOCKS NEWS ASIA-Markets extend gains after US tech rally
Asian stocks extended gains on Wednesday after upbeat earnings from Apple Inc helped U.S.
technology stocks rally for a second session, soothing worries about the health of the U.S. economy.
But concerns about a global credit squeeze, the U.S. housing slump and record high oil prices continued to simmer.
"Earnings from some U.S. companies were not as bad as feared, but the subprime issue and oil prices could re-emerge any time. I still maintain a cautious view on the market," said Cho Seong-joon, a market analyst at Meritz Securities in Seoul.
U.S. crude dipped below $85 a barrel on worries about the U.S. economy and signs OPEC was ramping up output, but stayed near the record high of $90.07 set last Friday.
At 0025 GMT, MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> had gained 0.5 percent, adding to Tuesday's 2.7 percent rally -- its biggest rise in five weeks -- while Tokyo's Nikkei average <.N225> also climbed 0.5 percent.
South Korea's KOSPI <.KS11> added 1.4 percent and Australia's S&P/ASX 200 index <.AXJO> put on 0.5 percent.
A weaker yen prompted some investors to buy Japanese exporters like Honda Motor <7267.T> and Sony <6758.T>, which tend to benefit from the weaker Japanese currency as it helps boosts the value of dollar sales.
Stronger appetite for risk is usually bad news for the low-yielding yen, which is often used to fund purchases of higher-yielding, more risky assets in the popular carry trade.
Banks were also in favour, continuing to recover from the recent selloff sparked by fears about the credit market problems.
Australia's Macquarie Bank , Japan's Mitsubishi UFJ <8306.T> and South Korea's Kookmin Bank <060000.KS> rose between 0.3 percent and 1.2 percent.
Investors also bought resource stocks such as global miner BHP Billiton and gold producers including Newcrest Mining , helped by stronger copper and gold prices.
Gold was trading near $760 an ounce, not far off the 28-year peak of $770 set on Friday.
Asia is up. DJ is up. STI should be greener today.
Asia/Pacific
|
Last Trade |
Change |
Related Info |
| ^AORD |
All Ordinaries |
Australia |
6,707.900 8:39AM SGT |
 30.400 (0.46%) |
Components, More |
| ^SSEC |
Shanghai Composite |
China |
5,773.387 Oct 23 |
106.055 (1.87%) |
Components, More |
| ^HSI |
Hang Seng |
Hong Kong |
29,376.86 Oct 23 |
1,003.23 (3.54%) |
Components, More |
| ^BSESN |
BSE 30 |
India |
18,492.84 Oct 23 |
0.00 (0.00%) |
More |
| ^JKSE |
Jakarta Composite |
Indonesia |
2,553.7991 Oct 23 |
0 (0.00%) |
Components, More |
| ^KLSE |
KLSE Composite |
Malaysia |
1,357.33 Oct 23 |
6.52 (0.48%) |
Components, More |
| ^N225 |
Nikkei 225 |
Japan |
16,540.87 8:20AM SGT |
90.29 (0.55%) |
More |
| ^NZ50 |
NZX 50 |
New Zealand |
4,289.777 8:19AM SGT |
15.092 (0.35%) |
Components, More |
| ^STI |
Straits Times |
Singapore |
3,695.30 Oct 23 |
0.00 (0.00%) |
Components, More |
| ^KS11 |
Seoul Composite |
South Korea |
1,978.7 8:40AM SGT |
30.72 (1.58%) |
Components, More |
| ^TWII |
Taiwan Weighted |
Taiwan |
9,502.39 Oct 23 |
0.00 (0.00%) |
Moe |
Bloody Mr STI super lazy, cannot wait any longer as my patient has ran out, went in for Star Tech (just won't go down to .045) and still pondering over SingXpress.
ericsim said: Singaporean style - KIASU, wait till you see last 15 min before closing. expect the unexpected thing to happen...hehe
I would rather said KIASI. Tend to be a follower.....!!!!
Looks like index will end positive at one of these levels:
1. 3665 (old peak in STI);
2. 3688 (another old peak in STI)
3. If there's a lot of shortists today, 3705 may be another closure point.
Exactly.
Volume till now is not even 1.6b. Super quiet day. Still a lot of players sitting on the fence today.
Last 15 min is because the Kateks are trying to cover back their shorting.
Singaporean style - KIASU, wait till you see last 15 min before closing. expect the unexpected thing to happen...hehe
STI tend to be a day lagging behind other markets in terms of recovery. Let's see will it be a strong rebound tomorrow if not today.. (At this moment only up 33.9)
Yup, Mr HSI already nearly recovered from yesterday massive losses as @ 1520. Will Mr STI following.....????
Shh... Mr. STI still sleeping, - trying to recover energy for the next battle. Don't worry Mr. STI will wake-up in 1530hrs and fight...hehe
Q-ing for a few counters at few bids below opening but no movements at all.
Thought of naked shorting sembmar at 4.8 but went away from computor (as price was flutuating too fast) and guess it's too late at this time and this price (4.7).
yah, yesterday was quite hectic, guess pp just wanna adopt a "wait and see" approach first. No news, directions or market indicators. No surprise vol is low.
Yeah, now only about 1.2 b shares traded - way too low. I think STI probably will slip back to around 3665 by end of day.
Trading volume pretty low too
