Philip Chua Business Blog

Posts Tagged ‘regional bourses’

REGIONAL bourses experienced cautious trading sessions yesterday as the ramifications of the ongoing Dubai World default continued to be felt.
Market worries were reignited when Dubai World subsidiary Nakheel disclosed that its liabilities had jumped 7 per cent to US$3.6 billion (S$5 billion) in the first half of this year.
The steadily strengthening greenback and news from Japan that the economy … 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

BUMPER profit numbers from Apple sent regional stock markets rolling yesterday, although the local bourse lost its enthusiasm half way through the day.
The Straits Times Index was up by 17 points at one stage, but traders took advantage of the higher prices to cash in.
The sell-off sent the STI easing back to close virtually unchanged, 0.61 points lower at 2,711.09, while other regional bourses we… more

SINGAPORE stocks climbed to an impressive 13-month high yesterday as upbeat Chinese trade figures and resurgent United States equity futures buoyed regional bourses.
The benchmark Straits Times Index gained 40.08 points, or 1.5 per cent, to finish the day at 2,708.48 – the first time it has closed ahead of 2,700 since September last year.
A marked upswing in investor interest was evident in the da… more

STOCK markets across Asia staged a modest rebound yesterday, as the wobbly Shanghai market regained its footing, after its eye-watering 5.8 per cent plunge on Monday.
But the rebound was largely attributed to short-covering of sell positions made by traders, as regional bourses came under selling pressure.
Traders were also anticipating more volatility in the days ahead, as the global credit crisi… more

THE local market ended a four-day rally yesterday as investors took profit after the recent market frenzy, in a fall

mirrored across Asia as regional bourses slipped from their 10-month peaks.

The morning sell-off was mild, but sentiment soured after China markets took a sudden dive in the afternoon on concerns that government efforts to control huge amounts of bank lending could suck out some… more

ON the back of better-than-expected earnings from some US financial institutions and expectations of good corporate earnings in Asia, buying activities returned to the equities market.

The strong buying in the last few sessions lifted many regional bourses to their highest levels since late September last year – just before the bottom was yanked out of the world’s stock markets following the col… more