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May 22, 2012 10:56 PM EDT
Updated: Aug 9, 2010 9:32 AM EDT  

Asia

 

Japan

•    NKY-0.72%, TPX -0.41%

•    NKY fell after weaker-than-expected US employment data pressured stocks on Wall Street and the dollar/yen fell to the 85 handle. Turnover on the TPX fell to 1.08 trillion yen from 1.19 trillion yen last Friday

•    Stocks fell across most sectors led by tech, industrials, oil & gas, exporters and financials. Utilities and health care rose

•    Exporters fell on a strong yen: autos -1.33%, CE -0.74%, precision -1.53%

•    Traders -0.74% after metal prices fell, shippers -1.16% on concerns of slower global economic growth

•    Best performing sectors on the TPX: airlines +2.92%, pulp & paper +0.89%, rubber products +0.83%; worst performing sectors: nonferrous metals -2.13%, precision -1.53%, electric appliances -1.26%

 

Hong Kong

•    HSI +0.57%; HSCEI +0.53%

•    Stocks rose lifting the benchmark index to its highest close in more than 3 mths, on optimism about the local real-estate market and strong earnings. Turnover on the HSI rose to HK$22.20B from HK$16.25B last Friday

•    China has ordered more than 2,000 companies in 18 industries including cement, coking, iron, paper and dyeing to shut outdated manufacturing capacity by the end of September

•    Local property developers rose

•    Autos fell after report China’s passenger-car sales to dealerships rose at the slowest pace in July since Mar’09

 

China

•    SHCOMP +0.53%; SZCOMP +1.34%

•    Stocks rose as consumer staples extended rally and cement producers jumped on government capacity curb. Trading was range-bound, however, as investors await July economics data. Turnover on the SHCOMP rose to 121.40B yuan from 113.10B yuan last Friday

•    Stocks rose across most sectors led by health care, materials, tech, consumerand industrials. Telecom, oil & gas and financials fell

•    Food producers +1.01% after recent floods boosted food prices

•    Resources +1.67% after report the government has ordered more than 2,000 companies in 18 industries including cement, coking, iron, paper and dyeing to shut outdated manufacturing capacity by the end of September

•    Banks -0.23% on concerns of asset quality China Everbright Bank IPO will divert funds from existing equities

•    Autos -0.25%. China’s passenger-car sales to dealerships rose at the slowest pace since Mar’09. Wholesale deliveries of cars, sport-utility vehicles and multipurpose vehicles increased 13.6% YoY to 946,200 in July, compared with 19% growth in June, the China Association of Automobile Manufacturers reported