Asian market review 21/12/2007

Asian markets opened higher as expected, and Nikkei, Kospi and Hangseng rallied for most of the day. Stocks rally after technology companies said that economic slowdown doesn't affect the tech sector much and also after metal prices rally overnight. Nikkei was opened at 15160, Kospi at 234.05 and Hangseng at 27122.
The Kospi opened at 234.05 and it rallied up to 234.80 before tumbling to its lowest point at 231.60 after about 1.5 hours of trading. After that, it was all uphill after investors speculate on tech & mining sectors. I did get a chance to get a BUY in the morning at 234.65 and I had to wait nervously before I can liquid and get my profit for the day. Kospi moved between: 231.60-239.45.
Hangseng opened at 27122 and it kept rising for most of session 1. It went up and play around 27400ish-27500ish during session 1 and closed at 27512 for 1st session. 2nd session opened at 27607 and I followed my theory and get my BUY at 27646. I didn't wait long to get my profit as the highest point Hangseng touched was 27844. Hangseng moved between: 27122-27844.
Overall, most asian markets rallied today, perhaps some factors are because of the "window dressing" is finally coming towards the end of the year and also knowing that tech sectors don't get affected by credit crisis in the US and mining stocks rally today, it is a good trading session for all 3 markets.