Philip Chua Business Blog

Posts Tagged ‘hang seng index’

A 2.1 per cent loss for Hong Kong's Hang Seng Index and a sea of red across Europe when markets there opened in the afternoon meant the local market had to withstand another day of selling. The Straits Times Index, which in the middle of the session enjoyed a bit of support from short-covering, fell for the third consecutive session, this time by 40.87 points to 2,860.31, bringing its three-day lo... more

WEAKNESS in Hong Kong and expectations of a possibly soft session for Wall Street meant that the local market underwent an indifferent session yesterday in which rotational punting of penny stocks was the main focus. The Straits Times Index, in the meantime, didn’t show much conviction throughout the day, spending most of the session moving in tandem with Hong Kong’s Hang Seng Index. With the latt… more

A 70-POINT rise in the December futures contract on the Dow Jones Industrial Average, a 1.7 per cent rise in Hong Kong’s Hang Seng index and a firm opening Europe-wide yesterday led traders here to bet heavily on Wall Street opening the week with a bang. The subsequent buying targeted mainly banks and propelled the Straits Times Index up 56.62 points to 2,783.85 in moderate volume of 1.85 billion … more

SOME of the excitement which has been missing from the local stock market during the first two days of this week returned yesterday with a bang when investors bought in anticipation of an earnings-driven Wednesday rise on Wall Street. They formed this view based on developments on two fronts – a 2 per cent jump in the Hang Seng Index and a 90-point rise in the December futures contract on the Dow … more

THANKS to a surprise Monday rebound on Wall Street, stocks in this part of the world rose yesterday. In Hong Kong, the Hang Seng Index finished 2.1 per cent per cent higher, while here, the Straits Times Index gained, recovering almost exactly Monday’s loss when it rose 34.06 points to 2,663.31. It had dropped 33.57 on Monday.
Much of the day was spent trailing Hong Kong, where stocks continued to… more

WALL Street’s overnight slide put pressure on the local market yesterday, but expectations of a possible US rebound on Thursday helped minimise losses. Hong Kong’s Hang Seng Index Index initially fell almost 3 per cent but finished 2.5 per cent weaker, leading to the Straits Times Index (STI) cutting its loss from about 28 points to 18.51 points at 2,667.43.
As always, stocks priced below 20 cents… more