Philip Chua Business Blog

Posts Tagged ‘asian markets’

SINGAPORE stocks gained yesterday as hopes of the European Union (EU) stepping in to rescue debt-ridden Greece lifted the gloom for some Asian markets.
The Singapore market posted gains for a second straight session, with investors rummaging for bargains among stocks that had been sold down last week on fears over piling European sovereign debt.
The Straits Times Index capped yesterday’s trading s… more

MOST Asian markets fell yesterday amid continuing global jitters over debt levels, especially in Europe.
In Singapore, traders were more interested in the welcome distraction of year-end festive activities, with precious few attractions to lure them into a tepid market.
The benchmark Straits Times Index (STI) stuck to its recent boring routine, moving mostly in a range of just a couple of points a… 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

CONSUMER confidence has rallied here, as key Asian markets continue leading the world out of recession.
A new survey found confidence rose nine points from April to November, matching the global average, as better job prospects and healthier savings gave people heart. However, Singapore consumers, like those across the world, are still nervous about economic prospects, the Nielsen Global Consumer … more

WHERE have all the bears gone?
Just a few months ago in March, they were out in full force but now they seem to have gone into deep hibernation.
Even the most pessimistic investor is unlikely to have resisted making a foray into the market, given the breathtaking resurgence of regional markets since March.
Asian markets could scale new recovery heights in the coming weeks, due to a bright earnings… more

ASIAN markets staged a surprise comeback yesterday following sharp falls on Monday.
Taking heart from overnight gains on Wall Street, the benchmark Straits Times Index (STI) added 34.06 points, or 1.3 per cent, to 2,663.31.
Other markets fared well as well, with Hong Kong and Taiwan markets chalking up gains of more than 2 per cent.
Only mainland Chinese markets bucked the trend, as investors took… more

THE Singapore market took a breather yesterday, in line with other regional markets, slipping into the red after four straight sessions in positive territory.
The benchmark Straits Times Index (STI) closed 10.43 points lower at 2,650.48 points.
Tokyo, Hong Kong and South Korea were among other key Asian markets that finished in the red. Hong Kong moved in and out of positive territory, but closed … more

AP – Major Asian markets inched higher Tuesday amid signs China’s stimulus measures were helping shield its economy from the global slump and as governments issued cautious outlooks about the recovery. European markets also rose.

THE local bourse upstaged almost all other key Asian markets in last month’s stock market rally – with only Shanghai performing better.

July’s dazzling rally marks the fifth straight month of gains for most major global markets.

Against a backdrop of rising risk appetite and increasing optimism on both corporate earnings and an economic recovery, investors piled into equities, lifting Asian st… more

ASIAN markets rallied for a fifth straight day, as traders made huge bets that the reporting season will deliver some bumper earnings surprises.
In Singapore, the benchmark Straits Times Index (STI) soared to its best closing level for the year, after soaring 25.19 points to 2,456.15.
With its latest gains, the STI has now surged closed to 1,000 points since bottoming out at 1,456.95 on March 9.
… more