Asian markets today were opened slightly lower following Dow lower close last night. Nikkei was opened at 15455, Kospi at 243.25 and HangSeng at 28962. Nikkei closed the 1st session lower due to some pressure from banking & financial stocks. However, it rose in 2nd session and it closed the day higher by almost 1% at 15615. Domestic shares, retails and technology shares led the reversal.
Kospi was opened at 243.25 and like I said in the morning, coz it is in the lower 243 region, it is advisable to just wait and see where the market direction is going. I did get a BUY at 9AM when HangSeng opened and when Kospi was at 244.50. I did a hit 'n run within 1 hr and get 120 pts profit from it. I did not want to wait longer coz of some market uncertainties, but at the end of the day, Kospi was closed much higher at 247.95 after touching its highest peak at 248.90
HangSeng too was opened lower at 28962 and it play around 28800ish-29000ish after touching its early morning high and low of 29132 and 28757 to close the morning session at 29016. 2nd session opened at 29091 and I did follow my theory today and BUY HangSeng to get some more profit. I get BUY at 29122 and it rose up so fast within the hour, but I did not get greedy and lock in another 127 pts profit. It rose further and closed at its peak at 29522.
Looks like Asian markets are heading for another rally tomorrow coz today's news in the US might give some boost to the equity markets.
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