Philip Chua Business Blog

Posts Tagged ‘Hang Seng’

PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.

But it was in penny stocks that the real action was to be found and this was amply refl… more

FRESH weakness in the greenback gave a spur to regional bourses yesterday as big funds, which have borrowed in the ailing dollar, kept up their strategy of buying Asian blue chip stocks.
In Singapore, the benchmark Straits Times Index (STI) closed a tad below the 2,800 level, gaining 36.34 points to end at a 15-month high of 2,797.88.
Elsewhere, Hong Kong’s Hang Seng gained 1.4 per cent to 22,771…. 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

Since then, China’s volatility has played a major role in daily trading here, partly because of the sympathetic impact the country exerts on the Hang Seng index and partly because of the role China plays in driving the region’s economies.
However, despite the somewhat unnerving wobbles experienced in Shanghai and Shenzhen over the past fortnight, prices have not corrected by much and the warning i… more