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Pinnacle Master	19-Oct-2007 08:54        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	STOCKS NEWS ASIA-Markets fall, banks under renewed pressure HONG KONG, Oct 19 (Reuters) - Asian stocks fell on Friday with investors selling bank shares again after disappointing earnings from Bank of America , the second-largest U.S. bank, which was hurt by mounting credit losses. A weak dollar, record high oil prices and comments from U.S. Federal Reserve policy-makers about the U.S. economic outlook remaining uncertain added to the cautious tone. U.S. crude futures for November delivery hit a fresh peak of $90.02 a barrel and was trading at $89.62 in early Asian session, underpinned by tight fuel inventories and geopolitical concerns. At 0024 GMT, Tokyo's Nikkei average <.N225> had fallen 1.4 percent, while MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> slipped 0.3 percent, halving Thursday's gains. In the previous session, the MSCI index came within striking distance of a record high set on Oct. 11. Also weaker, South Korea's KOSPI <.KS11> lost 1.1 percent and Australia's benchmark S&P/ASX 200 index <.AXJO> shed 0.7 percent. Bank shares resumed their decline amid worries that credit markets will hurt their earnings. Japan's top lender Mitsubishi UFJ <8306.T> slid 2.2 percent, Australia's investment bank Macquarie Bank fell 1.5 percent and South Korea's Kookmin Bank <060000.KS> dipped 1.8 percent. Exporters were also under pressure with investors fretting that a weak dollar would weigh on offshore earnings. The dollar touched a record low against the euro and a fresh 2-½ week low versus the yen overnight on views that the Fed will have to cut rates again soon. "Certainly the market will be watching foreign exchange rates, but fluctuations there are likely to settle down after the G7 meeting in Washington," said Hiroichi Nishi, general manager at the equity division of Nikko Cordial Securities. Financial ministers from the Group of Seven industrial nations meet this weekend and many analysts expect currencies will be one of the major topics of discussions given the recent market volatility. Japan's Canon Inc <7751.T> dropped 2.8 percent, Honda Motor <7267.T> lost 1.6 percent and South Korea's Hyundai Motor <005380.KS> shed 1.8 percent. But resource stocks once again outperformed led by energy firms such as INPEX Holdings <1605.T>, oil and gas producer Santos . On Wall Street, stocks ended little changed as optimism about technology profits helped offset worries about the credit market.
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jasonfaxingliu Senior	18-Oct-2007 17:14        jasonfaxingliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	oh.. what a day !! anyone have any idea who is pushing down STI index and COSCO went down like a roller coaster
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CWQuah Master	18-Oct-2007 12:03        CWQuah About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Fairygal is right - there are many different types of traders and investors in any stock market, with different market objectives every day. The only consistent characteristic of all these market players is that they want to make money, regardless of the methodology (buy and hold long term, short sell, contra, even BB market price 'management', momentum trading, hedging, swing trading etc). What happens to the STI on a daily basis depends very much on the really big main players i.e. institutional funds, hedge funds, and also what the collective actions of all the intraday traders are. It is the reason why we can see STI fluctuations of up to 150 - 200 points in a day sometimes. Jasonfaxingliu, The big funds have investment objectives they do need to meet in order to be able to answer to their shareholders, and their market actions will more or less push indices in certain directions. It doesn't really matter if the underlying economy is strong, in the short term, it's always possible to have a correction to bring back sanity to the market. Conversely, even in the doldrums of the economy, there can be the occasional stock breakout too when value investors see massively undervalued stocks and decide to invest.
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Fairygal Veteran	18-Oct-2007 11:51        Fairygal About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Stock market is maade up of long term investors and speculators, BBs of long term and short term holdings as well, so index will go up and down. Economy strong will only give you a peace of mind that your investment will most probably be quite in tact  in the long run.
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jasonfaxingliu Senior	18-Oct-2007 11:45        jasonfaxingliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore economy is still strong, so why push down our index ?
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CWQuah Master	18-Oct-2007 11:37        CWQuah About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Just a gentle reminder, vest carefully and take profits on the rallies. STI is expected to continue downtrending at least for this week and next week. Expect a lot more volatility in the next 2 weeks as big funds adjust their expectations of the Fed Reserve rate cut probability.
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Pinnacle Master	18-Oct-2007 11:10        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	GLOBAL MARKETS-Stocks rebound as U.S. rate cut hopes rise A rebound in banks and gains in mining shares helped drive Asian stock markets higher on Thursday as expectations of a U.S. interest rate cut picked up steam after fresh data revived worries about a deepening U.S. housing slump. Anticipation of lower U.S. rates weighed on short government bond yields, while a pullback in U.S. crude from a record high of $89 a barrel also helped soothe worries that rising energy costs will crimp corporate profits. Bets on a U.S. rate cut grew after groundbreaking for new U.S. homes and permits for future building both hit a 14-year low last month, while core U.S. consumer inflation rose a modest 0.2 percent. [ID:nN17274167] At 0217 GMT, Tokyo's Nikkei average <.N225> had climbed 0.8 percent, while MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> added 1.2 percent to stand just a whisker away from its record high set a week ago. After their recent drubbing on fears of losses in credit markets, bank shares saw some bargain hunting with Australia's Macquarie Bank gaining 1.1 percent and Japan's top lender Mitsubishi UFJ <8306.T> up 3.3 percent after losing over 14 percent in the last six sessions. But South Korea's Kookmin Bank <060000.KS> eased 1.2 percent. Investors also bought high-tech stocks such as Samsung Electronics <005930.KS>, chip-tester maker Advantest Corp <6857.T> and chip gear maker Tokyo Electron <8035.T>, following gains in their U.S. peers, which helped drive the tech-heavy Nasdaq Composite Index <.IXIC> up 1 percent. Strong tech earnings continued after U.S. markets closed as online auction house eBay Inc posted better-than-expected earnings. "The Nasdaq gained yesterday on high-tech shares, and this sentiment is helping to boost similar stocks in Tokyo," said Takahiko Murai, a general manager of equities at Nozomi Securities. But Hynix Semiconductor <000660.KS> eased 2.2 percent after the world's number two memory chip maker posted a 56 percent fall in quarterly profits. [ID:nSEF000033] Mining shares were also in favour with mining giant BHP Billiton climbing 1.7 percent, but Australia's oil and gas producer Woodside Petroleum slipped 0.2 percent after reporting an 8-percent fall in third-quarter output. [ID:nSYU003296] U.S. crude oil futures edged down 11 cents to $87.29 after an OPEC minister said the group could not rule out another output hike, while gold edged up towards $761 an ounce to be within easy reach of a 28-year peak of $766.60 set on Tuesday. Among the standouts, China plays in Hong Kong, or H shares, soared on news that Beijing was studying ways to allow swapping of dual-listed stocks traded in both the mainland and in Hong Kong, which have lagged. [ID:nBJC000104] The H share index <.HSCE> climbed 2.6 percent after rising as much as 5 percent to a record high, while Hong Kong's benchmark Hang Seng Index <.HSI> added 1.4 percent, after also setting a fresh life high. Markets were also calmed by a recovery in Indian stocks <.BSESN> on Wednesday from steep early losses as investors digested planned curbs on a method foreigners have been using to invest in stocks. DOLLAR DOWN Expectations of a U.S. rate cut undermined the dollar, pushing the unit down against a basket of currencies. The dollar index <.DXY> slipped below 78 to a two-week low. Versus the yen, the dollar bought 116.50 after touching a low near 116.15 yen overnight. The euro fetched $1.4230 , well above Wednesday's low of about $1.4156, and was slightly firmer against the Japanese currency at 165.77 yen . Investors were also awaiting the upcoming meeting of finance ministers from the Group of Seven industrial countries, where many analysts expect currencies will be one of the major topics of discussion given the recent market volatility. Bond yields also reflected expectations of further action by the U.S. Federal Reserve with short yields under pressure. Tracking their U.S. peers, the 2-year Japanese government bond yield fell 1.5 basis points to 0.835 percent. "JGBs are higher as expectations for a Fed rate cut in October have been reheated," said Makoto Yamashita, chief JGB strategist at Lehman Brothers in Tokyo. "If the U.S. central bank lowers interest rates this month, it would prompt investors to believe the BOJ (Bank of Japan) will be unable to raise interest rates this year." But strength in stocks weighed on the longer-dated bonds. The benchmark 10-year yield edged up half a tick to 1.65 percent, after reversing early losses. The U.S. Fed meets to discuss monetary policy at the end of the month.
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Pinnacle Master	18-Oct-2007 10:32        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	HSI is green but we are below water. It seems like nowadays, we need to learn scuba in order to survive.
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Pinnacle Master	18-Oct-2007 09:14        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	STOCKS NEWS ASIA-Markets firmer as tech shares rise Asian stocks rebounded on Thursday, led by technology shares such as Samsung Electronics, after upbeat results from bellwethers Intel Corp and Yahoo Inc helped drive U.S. tech names higher. Bets that there will be an imminent U.S. interest rate cut also grew following data that showed groundbreaking for new U.S. homes and permits for future building both hit a 14-year low last month, while core U.S. consumer inflation rose a modest 0.2 percent. [ID:nN17274167] By 0031 GMT, Tokyo's Nikkei average <.N225> had climbed 0.3 percent, while MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> added 0.2 percent. The MSCI index was about 1.5 percent below a record high set a week ago. It ended flat on Wednesday after recouping earlier losses as Indian stocks rebounded from a selloff sparked by plans to curb foreign inflows. Australia's benchmark S&P/ASX 200 index <.AXJO> advanced 0.6 percent and South Korea's KOSPI <.KS11> put on 0.5 percent. Despite the firmer tone, analysts warned that investors remained wary. "Still, plenty of caution remains in areas such as oil prices and concerns about lingering impact from the U.S. subprime mortgage problems," said Choo Hee-yeop, deputy general manager of asset management strategy at Korea Investment and Securities. Investors bought high-tech stocks such as Samsung Electronics <005930.KS>, chip-tester maker Advantest Corp <6857.T> and chip gear maker Tokyo Electron <8035.T>, following gains in their U.S. peers. But Hynix Semiconductor <000660.KS> eased 0.6 percent after the world's number-two memory chip maker posted a 56 percent fall in quarterly profits. [ID:nSEF000033] Also under pressure, Australian oil and gas producer Woodside Petroleum slid 1.7 percent after reporting that its third-quarter output fell 8 percent from a year ago. [ID:nSYU003296] Shares in energy firms have risen sharply recently in line with a rally in oil prices. U.S. crude futures peaked at a new lifetime high of $89 overnight and were trading at $87.18 a barrel early in Asia. After their recent drubbing on credit fears, bank shares were steadier, with Australia's Macquarie Bank gaining 0.3 percent and Japan's top lender Mitsubishi UFJ <8306.T> up 2.1 percent. But South Korea's Kookmin Bank <060000.KS> eased 0.4 percent. On Wall Street, technology stocks advanced, sending the tech-heavy Nasdaq Composite Index <.IXIC> up about 1 percent, but economic worries weighed on the wider market, keeping the S&P 500 <.SPX> little changed.
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Pinnacle Master	18-Oct-2007 08:28        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think today's opening will be good, but close flat. Let's see how good is my estimation.
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jackjames Elite	18-Oct-2007 06:49        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	next year January, you will see YangZhiJiang and Yanlord leads Singapore rebound, heeeee.. come on STI, show DOW JONES, you are green today , we are decoupled from DOW JONES... cheong to 4,000 points !
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Pinnacle Master	17-Oct-2007 21:53        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	SE Asia Stocks-Mixed, Cosco leads Singapore rebound Oct 17 (Reuters) - Southeast Asian stock markets were mixed on Wednesday, with Singapore shares rebounding from an intraday two-week low to be led higher by a surge in shipbuilder Cosco Corp on hopes of a boost from Chinese funds. Singapore's benchmark Straits Times Index <.STI> ended up 0.8 percent, while Malaysian stocks <.KLSE> rose 0.2 percent and Indonesian stocks <.JKSE> edged up 0.1 percent. Elsewhere regional stocks slipped, with Thai shares <.SETI> down 1.1 percent, Philippine shares <.PSI> falling 1.5 percent and Vietnam stocks <.VNI> slipping 0.2 percent. "Markets opened very weak, but Southeast Asia will be dragged along by the recovery in India and China at some stage," said Khiem Do, a fund manager from Baring Asset Management, which manages $17 billion of funds in Asia. India's main share index <.BSESN> provisionally closed down 2.1 percent after falling more than 9 percent, while the Shanghai Composite Index <.SSEC> ended down 0.9 percent after losing more than 1.8 percent earlier. In Singapore, shipbuilding and repair firm Cosco Corp jumped 11.4 percent after China Southern Fund Management Co said it had ploughed 70 percent of the $4 billion it raised from Chinese investors last month into overseas stocks. [ID:nSHA143638] Investors expected Cosco to receive buying interest from such funds, which are launched under China's Qualified Domestic Institutional Investor (QDII) scheme to allow Chinese investors to participate indirectly in foreign markets such as Singapore. Lenders United Overseas Bank and Oversea-Chinese Banking Corp rallied during late trading, with UOB up 2.3 percent and OCBC rose 1.1 percent. Dealers said the stocks gained as renewed worries over global credit problems eased and investors regained confidence over the banks' earnings outlook. Asian markets started weak on Wednesday, tracking losses on Wall Street as disappointing results from Wells Fargo & Co and other big banks, combined with soaring oil prices, sparked concerns over corporate profits. Banks in the Philippines suffered, with Bank of the Philippine Islands down 4.2 percent and top lender Metropolitan Bank & Trust Co fell 3.7 percent. The Philippines on Wednesday beat its September budget deficit target by 15 percent after lower interest payments cut spending, but revenue growth for the year was seen driven by asset sales rather than better tax collection. [ID:nMAN310716] In Thailand, top energy firm PTT PCL fell 2.1 percent as oil prices steadied after a record rally this week, while PTT Exploration & Production fell 4.7 percent. The two companies had hit record highs on Tuesday.
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jackjames Elite	17-Oct-2007 21:13        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	if you notice today STI pattern, it is very much like August 17, just that the peak to peak is different ( the magnitute is different) STI cheong ar!
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ricola Member	17-Oct-2007 21:03        ricola About Contact  Quote this Post!
x 0   x 0  Alert Admin	STI Technicals : UOB KH (got this information from my broker) If what predicted by UOB KH is accurate, we will be STI cross 3900 by end of this month and below mentioned stocks will move up to the higher record. Two weeks ago, we stated that the ST index faced resistance near 3880-3900. We also said that the high of 3905 could have marked a wave 3 peak and that the index could correct down towards 3740-3750 to  form wave 4 of 5.   The index has dipped marginally below that level to a low of 3735. We think downside risk in the near term is low. The 373 level marks a 38% R of wave 4.  A final wave 5 of (5) should bring the stock past 3900 over the next 2-3 weeks. Stocks that could potentially stage a rebound are: 1. Sing Tel - support at $3.94. 2. SGX- support at $14.8--14.90 3. Synear - support at $2.08 4. China XLX- support at $ 1.17 5. DBS at $21.50 6. Cosco at $6.90 (it is true for Cosco at the moment) 7. Yangzijiang at $2.53
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Pinnacle Master	17-Oct-2007 16:55        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its Green now!!! Wave
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DnApeh Master	17-Oct-2007 16:52        DnApeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB win again. As usual.
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Pinnacle Master	17-Oct-2007 16:48        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Everybody woke up now. Lots of activities and movement. Taking position for tomorrow.
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Pinnacle Master	17-Oct-2007 15:59        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	HSI is in Green now!!! Very Green +300 pts. Time for STI to wake up and cheong for wave 5 and towards 3900.
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Pinnacle Master	17-Oct-2007 13:55        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Two weeks ago, ST index faced resistance near 3880-3900. The high of 3905 could have marked a wave 3 peak and that the index could correct down towards 3740-3750 to  form wave 4 of 5. The index has dipped marginally below that level to a low of 3735. However, the downside risk in the near term is low. The 373 level marks a 38% R of wave 4. A final wave 5 of (5) should bring the stock past 3900 over the next 2-3 weeks.
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Pinnacle Master	17-Oct-2007 13:33        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	GLOBAL MARKETS-Stocks slide, panic grips Indian markets Asian stocks slid on Wednesday after disappointing earnings from big U.S. banks sparked profit worries, with India's share market and rupee suffering a panic selloff on proposed curbs on inflows of foreign funds. Weakness in equities and fresh worries about problems in global credit markets shored up demand for safe-haven assets including Japanese government bonds, while the yen rose against other major currencies ahead of a meeting of finance ministers from the Group of Seven industrial countries on Friday. Indian stocks <.BSESN> dropped about 8 percent in the first few minutes of trade, prompting trade to be stopped for an hour, as investors reacted to proposed urgent curbs on flows of foreign funds into shares through instruments such as participatory notes. [ID:nBOM283068] "Obviously the stock market will fall in a knee-jerk reaction. Some foreign funds will start selling and the long-awaited rupee depreciation will happen," said K. Harikar, executive vice president, treasury & financial institutions group at Development Credit Bank. By 0455 GMT, MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> had fallen 1.6 percent to a one-week low, while Tokyo's Nikkei average <.N225> dropped 1.4 percent to a two-week low. The MSCI index has shed nearly 3 percent from a record high set last Thursday. Financial shares remained a major drag on markets after big U.S. banks including Wells Fargo & Co posted profits that missed Wall Street estimates due to credit losses. Australia's Macquarie Bank lost 1.4 percent, Japan's Mitsubishi UFJ <8306.T> slid 3.7 percent and South Korea's Shinhan Financial Group <055550.KS> dipped 2.5 percent. "Generally, the mood is still a bit sour at the moment on the financial firms," said Lucinda Chan, division director at Macquarie Equities. Despite upbeat results from technology bellwether Intel Corp and Yahoo Inc , regional tech issues were mixed, with only Yahoo Japan <4689.T> the clear winner, rising 4.1 percent, after Yahoo Inc's results and optimistic outlook. Adding to fears about the fallout from the global credit squeeze, Sanyo Electric <6764.T> dropped 7.1 percent after saying it had given up on the sale of its semiconductor unit after a private equity buyer failed to secure funds for the deal in tougher debt markets. RUPEE DROPS, YEN, BONDS FIRM In the forex market, the partially convertible Indian rupee suffered its biggest one-day drop in over nine years, falling towards a two-week low of 40 rupees to the dollar. At 0500 GMT, it was at 39.83, down 1.2 percent from Tuesday's close. The Securities and Exchange Board of India said on its Web site that after consulting the government, it was recommending changes in policy on participatory notes and set a deadline of Oct. 20 for comments on the propsals. Foreign investors can use the notes to buy shares and bonds. Foreign portfolio inflows to Indian shares have jumped $4.6 billion this month, taking the total in 2007 to a net $17.6 billion. The strong inflows helped push the rupee to 9-½ year highs last week. Meanwhile, diminished risk appetite helped the yen gain against higher-yielding currencies such as the euro and the Australian dollar. Investors have been borrowing the low-yielding yen to purchase riskier but better-yielding assets but they tend to reverse or avoid those trades at times of heightened risk aversion. "The currency market is swung around by the stock markets, with higher-yielding currencies getting the brunt of a risk reduction trend," said a dealer at an European bank. The dollar fell to a 1-1/2-week low near 116.30 yen , while the euro dipped below 165 yen, both well off recent highs near 118 yen for the dollar and 167.72 yen for the euro. The Australian dollar was at 88.62 U.S. cents and 103.14 yen , compared with peaks near 90.80 U.S. cents and 106.86 yen on Monday. In this environment, Japanese government bonds (JGBs) shone, pushing yields lower. The yield on the benchmark 10-year JGB slid 5 basis points to a two-week low of 1.645 percent. Gold was little changed from Tuesday's close a day after striking a 28-year high. It traded at $759.80 an ounce, off Tuesday's peak of $766.60. ENERGY Energy stocks pared early gains but once again outperformed the wider market, benefiting from strong oil prices. Australia's Woodside Petroleum edged down just 0.3 percent after reversing early gains, while Asia's top oil and gas company, PetroChina <0857.HK> gained 1 percent. After hitting a fresh record of $88.20 a barrel on Tuesday on supply fears and tensions between Iraq and Turkey over Kurdish separatist activity, U.S. crude was trading at $87.62. "The market is still very much focused on the Turkey-Iraq tensions for the short term but I believe it is overvalued by at least $10 and will probably come off within the week," said Makoto Takeda of Tokyo's Bansei Securities.
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