Philip Chua Business Blog

Posts Tagged ‘asian bourses’

SINGAPORE market crept up to a new 14-month high during a listless and cautious session. And this happened on a day when other Asian bourses were buoyed by positive newsflows suggesting that a synchronised global economic recovery was very much intact and underway.
‘This market has no backbone,’ quipped one seasoned dealer…. more

ASIAN bourses were trapped in a narrow range of trading yesterday, with investors adopting a wait-and-see approach as the greenback stabilised against the region’s currencies.
Blue chips did their best to rally – and they did manage to get the benchmark Straits Times Index (STI) up by 13.75 points to 2,758.79 – but other Asian markets were mixed.
China’s Shanghai Composite Index rose by 0.53 per c… more

POSITIVE data from the United States on consumer confidence and a rebound on the Shanghai market helped provide most Asian bourses with a welcome boost yesterday.
With few negative factors to shake investor confidence, bargain hunters were back in force to snap up blue chips whose prices had gone into reverse as a result of recent sell-offs.
Shanghai’s 1.78 per cent rise on the day was the key fac… more