Asian market review 18/01/2008

Most Asian markets surprisingly ended the day higher after a very volatile session here in Asia. Nikkei ended the day 0.6% higher at 13861.29 and its futures rose to 13790 in Osaka after earlier declining to as low as 13345. Asian markets were opened lower today after a turbulent session in the US causing the Dow to lose more than 300 pts. The MSCI Asia Pacific Index was little change at 146.74 after losing as much as 2.6% earlier. Rally in the region was led by technology and Japanese property developers. Heavy selling was seen for the past few days and some kind of rebound is tend to happen.
Kospi opened lower at 215.15 and it went down further to as low as 214.75 before it started its rally up, although it experienced ups and downs in a very volatile session. Each curve ups and downs can get up to 200 pts each time. Kospi rally further towards the end of the session to get to its peak at 221.90 before ending the session at 221.25. Samsung Electronics paced gains and also some bargain hunters also helped the market to extend its gains from yesterday. Kospi moved between 214.75-221.90.
Hangseng opened much lower than I anticipated at 24319 and I did get a BUY at 24268 and get quite a nice profit here today. Hangseng was more volatile today with movements of up to 300 pts for each curve. Hangseng rose up from its lowest of 24161 and closed the 1st session at 24858. 2nd session saw Hangseng opened at 25088 and I did manage to get another BUY at 25060 to get my 2nd profit today. Hangseng rose to as high as 25377 before closing the day at 24926. Hangseng moved between 24161-25377 today.