Philip Chua Business Blog » regional bourses

Asian markets dip amid fresh Dubai fears

News Feed — Thu, 10 Dec 2009 14:48:57 +0000

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

US$ woes a booster for Asian bourses

News Feed — Tue, 24 Nov 2009 17:21:21 +0000

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

STI unchanged as traders take profit

News Feed — Wed, 21 Oct 2009 06:01:07 +0000

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 bourse hits 13-month high

News Feed — Thu, 15 Oct 2009 09:24:51 +0000

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

Asian bourses up as Shanghai regains footing

News Feed — Wed, 19 Aug 2009 13:49:58 +0000

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

Profit-taking ends STI’s four-day rally

News Feed — Thu, 30 Jul 2009 12:56:46 +0000

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