Philip Chua Business Blog

Posts Tagged ‘asian markets’

WITH Wall Street sliding last Friday amid the widening probe into Goldman Sachs and concerns about the sovereign debt crisis in Europe, it won't take a genius to figure out which way Asian markets will head for in today's opening. Given the volatility and constantly changing newsflows, market players have increasingly become momentum traders. And this is likely to continue until some of the grey c... more

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