Philip Chua Business Blog

Posts Tagged ‘Asian’

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

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

ASIAN stock markets were in the red yesterday as investors doubted whether equities would be able to continue their incredible bull run for much longer.

Even a better-than-expected United States housing market report and small gains on Wall Street – the Dow Jones Industrial Average added 0.36 per cent to reach its highest level since November – failed to inspire much buying here.

The benchmark… more

ASIAN economies may be leading a global recovery, but that rebound may be more fragile than it looks, a leading economist has warned.

Countries such as China should aggressively make structural reforms in areas such as health care and education if they are to sustain growth in domestic demand, Morgan Stanley’s chief economist for India and Asean, Mr Chetan Ahya, said yesterday.

Although policy… more

ASIAN economies appear to have turned the corner from the global recession and should be able to double next year the anaemic growth rates they are expected to post in 2009, the Asian Development Bank (ADB) said yesterday. But it warns in its latest Asia Economic Monitor that the road to full recovery is strewn with hazards.
The biggest single threat to continuing recovery identified by ADB report… 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