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May 23, 2012 5:37 PM EDT
Updated: Aug 24, 2010 5:35 AM EDT  

Asia

 

Japan

•    NKY -1.33%, TPX -0.86%

•    NKY fell to 15-mth closing low below 9,000 amid mounting concern about the government’s inaction on a strong yen threatening a fragile economic recovery. Turnover on the TPX fell to 881.13B yen from 1.04 trillion yen yesterday

•    Stocks fell across most sectors led by oil & gas, industrials, materials, consumer and tech. Flow was defensive. Health care and utilities rose

•    Exporters fell on a strong yen: autos -0.88%, CE -2.43%, precision -1.66%

•    Banks -0.68

 

Hong Kong

•    HSI -1.10%; HSCEI -0.83%

•    Mainland developer rose after report weekly new home transaction volumes in the southern city of Shenzhen increased the most in 4 mths and Citi upgraded the sector but fell in afternoon trading.

 

China

•    SHCOMP +0.41%; SZCOMP +1.24%

•    Stocks rose led by developers and steelmakers. B share rallied on talks the foreign-currency denominated B shares will be merged with the yuan-denominated A-share market after launching the international board for foreign company listings in Shanghai. Turnover on the SHCOMP fell to 88.83B yuan from 116.03B yuan yesterday

•    Stocks rose across most sectors led by tech, consumer and health care. Banks and insurers fell

•    Iron & steel +2.54% on speculation demand will increase as the government develops the western and central provinces

•    Real estate +1.72% after Sina.com reported that weekly new home transaction volumes in the southern city of Shenzhen increased the most in 4 mnths