Asia: rising prices for raw materials and corporate reporting broken the previous day's correction

Written by admin on August 28th, 2009

 

Friday, August 28, the vast majority of Asian stock markets finished the day in positive territory against reporting companies Harvey Norman Holdings and Dell, rising prices for raw materials and increased risk appetite.

As a result of trades regional index MSCI Asia Pacific Index advanced by 0,5%. Japanese Nikkei 225 gained strength at 0.57%, Australia SP /ASX 200 rose by 0.87%, while South Korea's Kospi added 0.54% of the cost. Leader growth was Pakistani Karachi 100, an increase of 2.72%. Not supported by the overall positive dynamics of only the stock markets of China, Hong Kong and Malaysia.

Shares in Australia's largest consumer electronics retailer Harvey Norman Holdings soared 17% against the backdrop of reports that overcomes the expectations of analysts. Thus, the net profit for the fiscal year ending June 30 fell by 40% to A $ 214,4 million ($ 180 million), while the estimated value of the index of A $ 199,3 million

Quotations of the manufacturer of digital cameras and mobile phones Casio Computer advanced by 8,5%. According to the newspaper Yomiuri, Casio, NEC and Hitachi are in talks about combining business of producing mobile phones in April. Market share in Japan joint venture, in which the NEC, is likely to belong to more than 50% of the shares may exceed 20%. NEC Market capitalization increased by 0,6%, and the paper Hitachi recovered at 1,6%.

Shares of commodity companies have completed trades with the growth against the background of the increased cost of oil and metals. For example, quotes the largest in Japan, the company engaged in oil exploration, Inpex rose by 1,9%, the paper's second-largest in Australia oilman Woodside Petroleum advanced to 1,8%. The market capitalization of the world's largest mining company BHP Billiton rose by 0,5%.

Shopping prevailed also in the technology sector. The second-largest global PC maker Dell reported sales and profits in the second quarter surpassed analysts' expectations, due to the fact that the company managed to reduce production costs and attract new buyers of inexpensive laptops. Against this background, won the rally in Taiwan suppliers Dell, as well as Asian manufacturers notebooks. Thus, quotes Quanta Computer and Compal Electronics have moved on 2,7% and 2,2% respectively. Paper Acer recovered at 3,5%. Analysts have revised rating of HSBC Holdings shares the latter with worse than the market to neutral, and experts Goldman Sachs Group raised its target price by 19%.

Quotes of the largest market value in Asia, the company engaged in shipping, China Cosco Holdings fell by 4,7% after the publication of the report that the carrier has completed the first half with a loss.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2008) Change YTD
SP /ASX 200 Australia 4,489.60 38.80 0.87% 3722.30 20.61%
All Ordinaries Australia 4,495.90 37.80 0.85% 3659.30 22.86%
Ho Chi Minh Vietnam 536.53 9.49 1.8% 315.62 69.99%
Hang Seng Hong Kong 20,098.62 -144.13 -0.71% 14387.48 39.70%
Hang Seng H-shares Hong Kong 11,433.98 -136.69 -1.18% 7891.80 44.88%
BSE 30 (Sensex) India 15,889.73 108.66 0.69% 9647.31 64.71%
Jakarta Composite Indonesia 2,377.25 21.18 0.9% 1355.41 75.39 %
Shanghai A-shares China 3,002.03 -90.09 -2.91% 1911.79 57.03%
CSI 300 China 3,046.78 -109.52 -3.47% 1817.72 67.62%
KLSE Composite Malaysia 1,174.27 -2.63 -0.22% 876.75 33.93%
NZSE 50 New Zealand 3,109.34 32.93 1.07% 2715.71 14.49%
Karachi 100 Pakistan 8,541.22 226.06 2.72% 5865.01 45.63%
Straits Times Singapore 2,642.80 0.57 0.02% 1761.56 50.03%
Bangkok SET Thailand 470.69 3.92 0.84% 449.96 4.61%
TAIEX Taiwan 6,809.86 119.11 1.78% 4591.22 48.32%
PSEi Philippines 2,553.96 2.78 0.1% 1872.85 36.37%
Colombo All - Shares Sri Lanka 2,601.50 13.46 0.52 % 1503.02 73.08%
KOSPI South Korea 1,607.94 8.61 0.54% 1124.47 43.00%
Nikkei 225 Japan 10,534.14 60.17 0.57% 8859.56 18.90%
Topix Japan 969.31 5.08 0.53% 859.24 12.81%


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