Trading Houses

Australian Market Report of December 14: Market broke Losing Run

🕔12/14/2009 9:30:21 AM

The Australian sharemarket ended the four consecutive day losing streak and closed higher on Friday in quiet trading condition. The market opened stronger on the good lead from Wall Street and made sustained gains, helped by the Chinese industrial production data suggesting demand for Australian resources will remain strong. At the close, the benchmark S&P/ASX 200 index rose 28.5 points, or 0.62 per cent, to 4635.20 points, while the broader All Ordinaries index also advanced 28.5 at 4651.40 points. For the week, the market closed down 1.4 percent.

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Asian Markets Overview of December 8

🕔12/8/2009 1:30:42 PM

Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.

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China's Rare Earth Policy May Affect Lynas (ASX:LYC) Deal

🕔9/3/2009 3:58:03 PM

China's tightening rare earth export may affect the A$500 million takeover of Australian company Lynas Corporation (ASX:LYC) by a state-owned company.

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Asian Markets Overview of March 30

🕔3/30/2009 3:00:25 PM

Most Asian markets started the trading session with volatility on Monday after US stocks retreated on Friday. Tokyo and Seoul shares opened flat, and soon proceeded to a negative territory. Today Investors are also awaiting US government to unveil its plan to help the auto industry.

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Asian Markets Overview of March 27

🕔3/27/2009 3:00:45 PM

Asian markets Friday opened broadly higher as Wall Street rallied for a second consecutive day after some good corporate earnings. Yesterday the major indices posted strong gains. Hong Kong's Hang Seng Index rose 3.6% while Shanghai Composite jumped 3.1%. Japan's Nikkei 225 Average rose 1.8% and South Korea's Kospi added 1.2%.

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Asian Markets Overview of March 13

🕔3/13/2009 3:00:40 PM

Most Asian markets ended lower Thursday, giving up gains from the previous session. Japan's Nikkei 225 finished down 2.4% as exporters were hit by the stronger yen. Other major indexes including China's Shanghai Composite, Hong Kong's Hang Seng Index and South Korea's Kospi ended with rather small changes as investors were not confident to the economic outlook and waiting for a clear picture.

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Asian Markets Overview of February 20

🕔2/20/2009 3:00:54 PM

Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.

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