Philip Chua Business Blog

Posts Tagged ‘afternoon’

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

A PUSH on the three banks in relatively thin volume initially helped send the Straits Times Index up 40 points to 2,785 yesterday but afternoon concerns triggered by a firming US dollar and the associated worry over how Wall Street might react brought the index down to 2,758.79 for a closing gain of just 13.75 points.
Excluding the STI components and derivatives, there were 215 falls versus 144 ri… more

(SINGAPORE) Gold surged to a new record yesterday, crossing the US$1,090 level for the first time, a day after the International Monetary Fund announced a massive sale of the metal to India.
The precious metal touched US$1091.1 an ounce by late afternoon – up 2.8 per cent from US$1061.50 a day ago.
Analysts said a weaker dollar could push prices to US$1,100 an ounce.
Indeed, traders say gold is… more

THE local market marched to the tune of Hong Kong yesterday and – to a greater extent – expectations of how Wall Street would perform when it opened on Monday. And going by the weak opening – clearly in response to Friday’s US slide – followed by an afternoon rebound, players were betting on the US market recovering its poise on Monday.
Added evidence for expecting this came by way of a 50-point r… more

AFTER a slow start in the morning, the Singapore market perked up during the afternoon session following positive starts in Europe, and ended the session in positive territory, buoyed by gains in Hong Kong and Shanghai.
But brokers here said there was noticeable caution in the air following two weeks of sharp gains which has lifted the benchmark Singapore market index some 17.5 per cent.
The Strai… more

THE local market ended a four-day rally yesterday as investors took profit after the recent market frenzy, in a fall

mirrored across Asia as regional bourses slipped from their 10-month peaks.

The morning sell-off was mild, but sentiment soured after China markets took a sudden dive in the afternoon on concerns that government efforts to control huge amounts of bank lending could suck out some… more

ASIAN currencies were little changed yesterday, after the US Federal Reserve signalled a tightening of monetary policy to prevent inflation from accelerating. The Korean won traded at 1,249.4 per US dollar in the afternoon from 1,250.1 a day earlier, after touching 1,239.38 – the strongest level since June 4.
The Philippine peso declined more than 0.2 per cent to 48.045. Malaysia’s ringgit and the… more

THE recent upward march in equities ran into a bit of resistance yesterday when a bounce in Hong Kong reversed in the afternoon session, coinciding with the weakening of the US futures market. These developments suggested a weak Tuesday for Wall Street and thus brought the Straits Times Index down from its intraday high of 2,469 to its final reading of 2,454.33, a nett loss of 1.82 points on the d… more

IT WAS a volatile ride yesterday but not many investors were game to saddle up, preferring to sit it out and wait ahead of the earnings season next week.
The Straits Times Index (STI) gyrated throughout the day between gains and losses, dipping below the 2,300 psychological level at several points and rising to as high as 2,316.42 in late afternoon.
It managed to eke out a tiny gain of 0.37 point … more