Rally, Hang Seng 23.000 Translucent to Top. For the first time since early June 2012, Hong Kong's main index is trading above 23.000. Hang Seng Index (HSI) rose perched at 23,186 or 2.2% compared to the level of the opening on the expectations of the investors to the progress of China's economy in 2013. Credit Suisse said that in recent months a series of data indicate that the trend of stabilization and recovery in China continues. One factor which is able to powering the revival of interest in the investment business and the new year is a government policy. Beijing is expected to release a new monetary easing for powering the economic recovery in the country.
"If that's the case, then investors could be more bullish in looking at long-term economic prospects, which in turn definitely good impact to the market," said Credit Suisse review. A total of 49 of the 50 categories of blue-chip stocks rose today, led by insurance stocks. China Life (2628.HK) surged 5.7% to HK $ 26.75 and Ping An (2318.HK) rose 4.7% to HK $ 67.95. Trading volume itself looks solid, amounting to HK $ 46.90 billion.
Reach Oil Gain on First Day of 2013
Crude oil traded higher today. Strengthening obtained after political officials in Washington find a compromise related to national fiscal crisis. Crude oil February delivery rose $ 1 to $ 92.82 per barrel on the first trading day of 2013. But for other energy contracts seem to weaken today, such as the February natural gas fell 2 cents to $ 3.33 per million British thermal units. While the contract for March fell 2 cents to $ 3.34 per million British thermal units. Fuel oil in February fell 0.6% to $ 2.80 a gallon and heating oil contract rose 2 cents to $ 3.05 per gallon.
Performance of the Issuer's Kospi
On the first trading day of 2013, the Kospi closed up 1.7% at 271.20, the index was at 9-month high. Stock brokerage, banking and technology lead the market strengthening. Local institutions have so far observed have bought shares worth KRW79.1 billion and KRW171.2 billion worth of foreign investors despite record retail investors do KRW252.6 billion worth of sales. News that Washington had reached an agreement helped drive performance in riskier assets such as stocks, explains the analyst.
Shares on the exchange floor slick performers include:
- Samsung Electronics +3.6% to KRW1.576
- LG Electronics +5.3% to KRW77, 500
- Hana Financial Group +4.6% to KRW36, 300
- Shinhan Financial Group +3.1% to KRW40, 050
Post the Regional Stock Profit
Regional markets move higher after U.S. policy makers managed to reach a deal to avert fiscal impasse. S & P / ASX +1.2%, HSI +2.0%, Kospi +1.6%, Sensex +0.7%, +1.3% and STI. Markets Japan, China and New Zealand is still on holiday. In the forex market, the euro rose due to expectations over the long negotiations the U.S. policy makers to avoid a fiscal abyss. EUR / USD is at 1.3267 from 1.3195 Monday night in New York, EUR / JPY at 115.63 from 114.46, and the USD / JPY is at 87.17 from 86.74. HSBC South Korea PMI rose to 50.1 in December vs. 48.2 in November amounted, the highest increase since May, ending the contraction that occurred during the six months. A reading above 50 indicates an expansion in manufacturing activity while a reading below that signaling contraction. Singapore Q4 GDP rose 1.8% per quarter, Q3 revised contraction of 6.3% and the estimated contraction of 1.0%. HSBC Taiwan PMI in December surpassed the average being 50.6, after a six-month contract in November vs. figure of 47.4. The increase helped by increased demand from China and the U.S. recently. Indonesia recorded a trade deficit in November amounted to $ 480 million versus expectations of a deficit of $ 393.5.
CPI Indonesia in December climbed 4:30% per year versus an increase in November of 4:32%, and estimates an increase of 4:36%. Indonesia HSBC PMI fell to 50.7 in December from 51.5 in November amounted related export growth declined. Thailand in December CPI rose 3.63% per year versus an increase of 2.74% in November, and predicted an increase of 3.30%. The price of gold at $ 1.682.50/ons. While Nymex oil February contract rose 78 cents to $ 92.60/barrel.
"If that's the case, then investors could be more bullish in looking at long-term economic prospects, which in turn definitely good impact to the market," said Credit Suisse review. A total of 49 of the 50 categories of blue-chip stocks rose today, led by insurance stocks. China Life (2628.HK) surged 5.7% to HK $ 26.75 and Ping An (2318.HK) rose 4.7% to HK $ 67.95. Trading volume itself looks solid, amounting to HK $ 46.90 billion.
Reach Oil Gain on First Day of 2013
Crude oil traded higher today. Strengthening obtained after political officials in Washington find a compromise related to national fiscal crisis. Crude oil February delivery rose $ 1 to $ 92.82 per barrel on the first trading day of 2013. But for other energy contracts seem to weaken today, such as the February natural gas fell 2 cents to $ 3.33 per million British thermal units. While the contract for March fell 2 cents to $ 3.34 per million British thermal units. Fuel oil in February fell 0.6% to $ 2.80 a gallon and heating oil contract rose 2 cents to $ 3.05 per gallon.
Performance of the Issuer's Kospi
On the first trading day of 2013, the Kospi closed up 1.7% at 271.20, the index was at 9-month high. Stock brokerage, banking and technology lead the market strengthening. Local institutions have so far observed have bought shares worth KRW79.1 billion and KRW171.2 billion worth of foreign investors despite record retail investors do KRW252.6 billion worth of sales. News that Washington had reached an agreement helped drive performance in riskier assets such as stocks, explains the analyst.
Shares on the exchange floor slick performers include:
- Samsung Electronics +3.6% to KRW1.576
- LG Electronics +5.3% to KRW77, 500
- Hana Financial Group +4.6% to KRW36, 300
- Shinhan Financial Group +3.1% to KRW40, 050
Post the Regional Stock Profit
Regional markets move higher after U.S. policy makers managed to reach a deal to avert fiscal impasse. S & P / ASX +1.2%, HSI +2.0%, Kospi +1.6%, Sensex +0.7%, +1.3% and STI. Markets Japan, China and New Zealand is still on holiday. In the forex market, the euro rose due to expectations over the long negotiations the U.S. policy makers to avoid a fiscal abyss. EUR / USD is at 1.3267 from 1.3195 Monday night in New York, EUR / JPY at 115.63 from 114.46, and the USD / JPY is at 87.17 from 86.74. HSBC South Korea PMI rose to 50.1 in December vs. 48.2 in November amounted, the highest increase since May, ending the contraction that occurred during the six months. A reading above 50 indicates an expansion in manufacturing activity while a reading below that signaling contraction. Singapore Q4 GDP rose 1.8% per quarter, Q3 revised contraction of 6.3% and the estimated contraction of 1.0%. HSBC Taiwan PMI in December surpassed the average being 50.6, after a six-month contract in November vs. figure of 47.4. The increase helped by increased demand from China and the U.S. recently. Indonesia recorded a trade deficit in November amounted to $ 480 million versus expectations of a deficit of $ 393.5.
CPI Indonesia in December climbed 4:30% per year versus an increase in November of 4:32%, and estimates an increase of 4:36%. Indonesia HSBC PMI fell to 50.7 in December from 51.5 in November amounted related export growth declined. Thailand in December CPI rose 3.63% per year versus an increase of 2.74% in November, and predicted an increase of 3.30%. The price of gold at $ 1.682.50/ons. While Nymex oil February contract rose 78 cents to $ 92.60/barrel.
