Philip Chua Business Blog

Posts Tagged ‘opening’

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

SELLING in China and Hong Kong and a weak opening for Europe because of concerns over Greece yesterday spilled over to the local market, dragging the Straits Times Index down 10.94 points to 2,991.68. The weakness was broad-based - excluding derivatives, there were 289 falls versus 166 rises. As always in times of softness, traders resorted to churning the low-priced pennies for opportunities - ex... more

HONG Kong’s weakness probably played a pivotal role in yesterday’s 5.36-point loss in the Straits Times Index to 2,913.94, although just as important was the fact that the index had already shot up by 130 points since closing at 2,790 on March 5. A third factor was Europe’s soft opening across all markets, suggesting that expectations were for a weak Thursday on Wall Street.
Genting Singapore was … more

LAWS to give the authorities more bite when it comes to loan sharks and their accomplices came into effect yesterday, ahead of the opening of Singapore’s first casino, in a move lauded by MPs and counsellors as timely.
The changes to the Moneylenders Act also come in the wake of a rising tide of illegal moneylending activities in recent years.
Latest figures released by the police showed that ther… more

THE opening of Singapore’s first integrated resort (IR) – expected to be on or just before Chinese New Year – will kick off a new chapter in the history of Singapore’s tourism industry and, indeed, of its economy.
While this is worth celebrating, it is also to be hoped that everything has been done to ensure that the casino operations, especially, adhere to the regulations laid down by the Casino … 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