US markets plunged overnight after an unexpected data from ISM services index fell to below 50, which indicates a contraction in the economy and which means that the economy is already in a recession. The measure includes businesses ranging from restaurants to retailers to banks and it accounts about two-thirds of the economy. Dow plunged 370.03 pts or 2.93% to 12265.13, S&P500 lost 44.18 pts or 3.20% while Nasdaq tumbled 73.28 pts or 3.08% to 2309.57. However, some analysts believe that the stocks are near their bottom price right now and there are chances that the stocks won't go down a lot more. It is also only natural in a volatile market that a piece of bad news will cause a panic sell-off after the markets gained the most last week.
Asian markets may open lower today following the massive sell-off in the US and the fear of US' recession continue on. Crude oil price also fell to $88ish per barrel and gold fell to $886ish. JPY traded recently at 106.70ish and Nikkei futures closed at 13340 in CME compared to the close of 13775 over here yesterday. Many Asian markets are already closed today for Lunar New Year holidays.
Kospi will be closed for Lunar New Year holidays today.
Hangseng may open lower today around 24000ish and may fall to below 24000 today in the last day of trading before the Lunar new Year holidays. Investors may have more profit taking before the new year and bad US economic data may pace the declines. Hangseng will be trading half-day today.
Rabu, 06 Februari 2008
Selasa, 05 Februari 2008
Asian market review 05/02/2008
Asian markets fell today, halting a 4-day rally after lower profit forecasts by some companies and also a downgrade for POSCO by Merril Lynch. Investors have become cautious that the slowing global economy might hurt earnings for companies. Investors in some Asian countries also did a profit taking action following the upcoming Lunar New Year holidays. Japan's Nikkei fell 114.20 pts or 0.82% to 13745.50 and its futures was closed at 13750.
Kospi opened the day at 216.95 and it fell further to 216.05 before rebounding back up. Today's trading was between small margin compared to the hectic month in January. Kospi moved between 216.05-218.35. Kospi losses were paced by POSCO after the share was downgraded by Merril Lynch saying that profit outlook may fall this year with slow economic growth globally. Profit taking also took place for Kospi ahead of Lunar New Year holiday.
Hangseng opened lower at 24802 and it fell as low as 24506 before rebounding up. It played around 24600-24700ish for most of the day and closed the 1st session at 24684. 2nd session we saw Hangseng opened higher at 24699 and it went further up breaking the 25000 mark before going back down and was closed at 24712. Profit taking dominated the market ahead of the Lunar New Year holiday but market remains strong as investors thought that the share prices have bottomed out. Hangseng moved between 24506-25003.
Kospi opened the day at 216.95 and it fell further to 216.05 before rebounding back up. Today's trading was between small margin compared to the hectic month in January. Kospi moved between 216.05-218.35. Kospi losses were paced by POSCO after the share was downgraded by Merril Lynch saying that profit outlook may fall this year with slow economic growth globally. Profit taking also took place for Kospi ahead of Lunar New Year holiday.
Hangseng opened lower at 24802 and it fell as low as 24506 before rebounding up. It played around 24600-24700ish for most of the day and closed the 1st session at 24684. 2nd session we saw Hangseng opened higher at 24699 and it went further up breaking the 25000 mark before going back down and was closed at 24712. Profit taking dominated the market ahead of the Lunar New Year holiday but market remains strong as investors thought that the share prices have bottomed out. Hangseng moved between 24506-25003.
Asian market preview 05/02/2008 (Indonesian)
Pasar2 di AS jatuh semalam setelah kekhawatiran bahwa resesi akan memperparah kerugian di antara konsumen dan juga akan menyebar ke area lainnya selain perumahan. UBS AG memperkirakan bahwa tingkat pengangguran akan naik dan ini akan mengurangi profit untuk perusahaan credit card. Para analis menganjurkan para investor untuk menjual saham2 perbankan seperti American Express dan Capital One Financials. Dow jatuh 108.03 pts atau 0.85% ke 12635.16, S&P500 jatuh 14.60 pts atau 1.05% ke 1380.82 dan Nasdaq jatuh 30.51 pts atau 0.85% ke 2382.85. Akan tetapi, ini adalah kejadian normal jika market mengadakan suatu penurunan setelah mereka melakukan rally mingguan terbaik dalam 5 tahun terakhir pada minggu lalu.
Pasar2 di Asia mungkin akan dibuka jatuh hari ini setelah kenaikan yg cukup signifikan kemarin dan setelah pasar2 di AS jatuh semalam disebabkan oleh kekhawatiran akan resesi lagi. Tetapi, kekuatan market mungkin masih dapat diperkirakan di kawasan Asia. Harga minyak mentah naik semalam dan di trade di $90an per barrel, emas di $903an dan JPY di trade di kisaran 106.60an. Nikkei futures ditutup di 13790 di CME, turun dari penutupan 13900 disini kemarin.
Kospi mungkin akan jatuh hari ini, mungkin akan dibuka lebih rendah di kisaran 216an setelah pasar2 di AS ditutup melemah selama. Profit taking mungkin akan mengambil alih setelah rally yg cukup banyak dari minggu lalu dan kemarin. Para investor mungkin akan melakukan wait n see mode lagi setelah kekhawatiran akan resesi AS naik lagi. Volatilitas mungkin akan masih tinggi di pasar dan ini dapat digunakan untuk keuntungan kita para day trader.
Hangseng mungkin akan dibuka lebih rendah di kisaran 24800an setelah jatuhnya pasar2 di AS akan kekhawatiran tentang resesi dan masalah credit akan menyebar ke area lainnya selain perumahan. Para invstor mungkin akan mengambil profit mereka dari meja untuk sementara dan akan menyebabkan volatilitas yg meningkat di pasar Hangseng.
Pasar2 di Asia mungkin akan dibuka jatuh hari ini setelah kenaikan yg cukup signifikan kemarin dan setelah pasar2 di AS jatuh semalam disebabkan oleh kekhawatiran akan resesi lagi. Tetapi, kekuatan market mungkin masih dapat diperkirakan di kawasan Asia. Harga minyak mentah naik semalam dan di trade di $90an per barrel, emas di $903an dan JPY di trade di kisaran 106.60an. Nikkei futures ditutup di 13790 di CME, turun dari penutupan 13900 disini kemarin.
Kospi mungkin akan jatuh hari ini, mungkin akan dibuka lebih rendah di kisaran 216an setelah pasar2 di AS ditutup melemah selama. Profit taking mungkin akan mengambil alih setelah rally yg cukup banyak dari minggu lalu dan kemarin. Para investor mungkin akan melakukan wait n see mode lagi setelah kekhawatiran akan resesi AS naik lagi. Volatilitas mungkin akan masih tinggi di pasar dan ini dapat digunakan untuk keuntungan kita para day trader.
Hangseng mungkin akan dibuka lebih rendah di kisaran 24800an setelah jatuhnya pasar2 di AS akan kekhawatiran tentang resesi dan masalah credit akan menyebar ke area lainnya selain perumahan. Para invstor mungkin akan mengambil profit mereka dari meja untuk sementara dan akan menyebabkan volatilitas yg meningkat di pasar Hangseng.
Asian market preview 05/02/2008
US markets fell last night after concerns that recession will worsen defaults among customers and will spread to other areas besides residential mortgage markets. UBS AG predicted that US unemployment will rise, which will reduce profit for credit card companies. Analysts told investors to sell bank shares such as American Express and Capital One Financials. Dow fell 108.03 pts or 0.85% to 12635.16, S&P500 fell 14.60 pts or 1.05% to 1380.82 while Nasdaq slipped 30.51 pts or 1.26% to 2382.85. However, it was only normal for markets to have some pullback after they have the best rally in 5 years last week.
Asian markets may open lower today following the sharp gains yesterday and after US stocks fell overnight due to renewed recession concerns. However, strong markets may still be expected within the Asia region. Crude oil rose overnight traded recently around $90ish per barrel, gold traded at $903ish and JPY traded around 106.60ish. Nikkei futures settled at 13790 in CME, lower than the close of 13900 here yesterday.
Kospi may have some pullbacks today, may open lower around 216ish after the soft US markets close overnight. Profit taking may take place after a huge rally from last week and yesterday. Investors may get into wait n see mode again after renewed concerns on US' recession. Volatility may still be high again in the market and this can be an advantage for us, day traders.
Hangseng may open lower around 24800ish after the fall in US' equities markets on renewed recession concerns and credit problems will spread to other areas besides housing. Investors may take off some of their winnings from the table which will cause more volatilities in the market and this can be used to our advantage.
Asian markets may open lower today following the sharp gains yesterday and after US stocks fell overnight due to renewed recession concerns. However, strong markets may still be expected within the Asia region. Crude oil rose overnight traded recently around $90ish per barrel, gold traded at $903ish and JPY traded around 106.60ish. Nikkei futures settled at 13790 in CME, lower than the close of 13900 here yesterday.
Kospi may have some pullbacks today, may open lower around 216ish after the soft US markets close overnight. Profit taking may take place after a huge rally from last week and yesterday. Investors may get into wait n see mode again after renewed concerns on US' recession. Volatility may still be high again in the market and this can be an advantage for us, day traders.
Hangseng may open lower around 24800ish after the fall in US' equities markets on renewed recession concerns and credit problems will spread to other areas besides housing. Investors may take off some of their winnings from the table which will cause more volatilities in the market and this can be used to our advantage.
Senin, 04 Februari 2008
Asian market preview 04/02/2008 (Indonesian)
Pasar2 di AS naik hari Jumat, mengakhiri minggu lalu menjadi yg terbaik dalam 5 tahun terakhir. Microsoft membuat penawaran sebesar $44.6 milliar untuk Yahoo dan berita ini menutupi laporan tentang payrolls yg menurun untuk bulan January. Saham2 pertambangan juga naik setelah Cina bergabung dengan Alcoa untuk membeli $14 milliar saham di Rio Tinto. Dow naik 92.83 pts atau 0.73% ke 12743.19, S&P500 naik 16.87 pts atau 1.22% dan Nasdaq naik 23.50 pts atau 0.98% ke 2413.36. Kabar2 tentang pembelian akuisisi tersebut menyatakan bahwa harga2 saham sudah menjadi sangat murah dan memberikan keberanian untuk org2 memulai aksi ambil alih.
Pasar2 di Asia mungkin akan dibuka menguat seiring dengan penutupan yg kuat di Wall St hari Jumat. Harga minyak dan emas turun; Crude oil di trade di $88.90an, emas di $910an sedangkan JPY ada di 106.70an. Nikkei futures ditutup di 16780 di CME, naik dari penutupan 13630 disini hari Jumat.
Kospi mungkin akan dibuka menguat lagi hari ini dan lebih banyak optimisme mungkin akan turun ke market setelah kenaikan berturut2 di Wall St minggu lalu. Kospi mungkin akan dibuka di kisaran 212an dan mungkin akan naik lebih banyak lagi jika para investor berpendapat bahwa harga2 saham sudah sangat murah. Volatilitas mungkin akan masih tinggi dan dapat membantu kita para day traders.
Hangseng mungkin akan dibuka naik lagi hari ini seiring dengan penguatan yg terjadi di Wall St hari Jumat. Mungkin akan dibuka di kisaran 24500an dan mungkin akan mencoba level 25000an jika para investor menjadi lebih confident dan lebih optimist tentang pemangkasan dobel dari the Fed dalam 2 minggu terakhir.
Pasar2 di Asia mungkin akan dibuka menguat seiring dengan penutupan yg kuat di Wall St hari Jumat. Harga minyak dan emas turun; Crude oil di trade di $88.90an, emas di $910an sedangkan JPY ada di 106.70an. Nikkei futures ditutup di 16780 di CME, naik dari penutupan 13630 disini hari Jumat.
Kospi mungkin akan dibuka menguat lagi hari ini dan lebih banyak optimisme mungkin akan turun ke market setelah kenaikan berturut2 di Wall St minggu lalu. Kospi mungkin akan dibuka di kisaran 212an dan mungkin akan naik lebih banyak lagi jika para investor berpendapat bahwa harga2 saham sudah sangat murah. Volatilitas mungkin akan masih tinggi dan dapat membantu kita para day traders.
Hangseng mungkin akan dibuka naik lagi hari ini seiring dengan penguatan yg terjadi di Wall St hari Jumat. Mungkin akan dibuka di kisaran 24500an dan mungkin akan mencoba level 25000an jika para investor menjadi lebih confident dan lebih optimist tentang pemangkasan dobel dari the Fed dalam 2 minggu terakhir.
Asian market preview 04/02/2008
US markets rose on Friday, making it the best week in 5 years. Microsoft's $44.6 billion bid for Yahoo Inc overshadowed news that employers have cut payrolls for the month of January. Shares of metal producers and miners also rose after China teamed up with Alcoa to buy $14 billion stake in Rio Tinto. Dow rose 92.83 pts or 0.73% to 12743.19, S&P500 rose 16.87 pts or 1.22% while Nasdaq climbed 23.50 pts or 0.98% to 2413.36. These proposed takeover news showed that maybe equity prices have gotten too low and there are courage from people who have been sitting and waiting.
Asian markets may open higher following the strong close in Wall St on Friday. oil prices and gold prices fell though; Crude oil traded at $88.90ish, gold at $910ish while JPY at 106.70ish. Nikkei futures closed at 16780 in CME up from the close of 13630 here on Friday.
Kospi may open higher again today and more optimism maybe pouring into the market after back to back gains in Wall St to finish the week on a strong note Friday. Kospi may open up around 212ish and may even go higher should investors think that stock prices have bottomed out. Volatility may still be high and it can help us day traders.
Hangseng may open higher today following the strong close on Wall St Friday. It may open up around 24500ish and may even try to go back to 25000ish should investors feel more confident and more optimist regarding the Fed's double rate cut in the past 2 weeks.
Asian markets may open higher following the strong close in Wall St on Friday. oil prices and gold prices fell though; Crude oil traded at $88.90ish, gold at $910ish while JPY at 106.70ish. Nikkei futures closed at 16780 in CME up from the close of 13630 here on Friday.
Kospi may open higher again today and more optimism maybe pouring into the market after back to back gains in Wall St to finish the week on a strong note Friday. Kospi may open up around 212ish and may even go higher should investors think that stock prices have bottomed out. Volatility may still be high and it can help us day traders.
Hangseng may open higher today following the strong close on Wall St Friday. It may open up around 24500ish and may even try to go back to 25000ish should investors feel more confident and more optimist regarding the Fed's double rate cut in the past 2 weeks.
Jumat, 01 Februari 2008
Asian market preview 01/02/2008
Sorry for the delay in the posting due to some electricity problem at home and heavy raining prevented me to go to office earlier.
US markets were closed higher overnight after the MBIA rating remains AAA and that eased some concerns from investors regarding the bond insurers. Home Depot also lead builders in the rally after Deutsche Bank AG said shoppers will spend more as interest rates fall and government mails out tax rebates. Dow rose 207.53 pts or 1.67% to 12650.36, S&P500 rose 22.74 pts or 1.68% to 1378.55, while Nasdaq climbed 40.86 pts or 1.74% to 2389.86. Bargain hunters have kicked in while some investors were still waiting on the sidelines for job reports and ISM manufacturing index due later on tonight.
Asian markets may open higher and may rise further today after investors in the US felt some ease last night which led to the 200 pts rally in the Dow. At one time, the Dow fell as much as 150 pts before rebounding back up. Banking sectors and property sectors may pace rally in the Asian region. Crude oil prices slid to $91.70ish per barrel, gold prices fell to $925ish and JPY at 106.30ish. Nikkei futures in CME was closed at 13600, higher than the close of 13435 here yesterday.
Kospi may open higher today following the rally in Wall St overnight and may open around 210ish region. However, with more data coming out of the US later on tonight, some investors may choose to sit on the sidelines and wait for more concrete data regarding the US economic conditions.
Hangseng may rebound from yesterday's losses and may open higher at around 23700ish region. It may try to go up to 24000 today but low market sentiment may limit the gains and nervous investors may want to wait and see for more data coming out of the US.
US markets were closed higher overnight after the MBIA rating remains AAA and that eased some concerns from investors regarding the bond insurers. Home Depot also lead builders in the rally after Deutsche Bank AG said shoppers will spend more as interest rates fall and government mails out tax rebates. Dow rose 207.53 pts or 1.67% to 12650.36, S&P500 rose 22.74 pts or 1.68% to 1378.55, while Nasdaq climbed 40.86 pts or 1.74% to 2389.86. Bargain hunters have kicked in while some investors were still waiting on the sidelines for job reports and ISM manufacturing index due later on tonight.
Asian markets may open higher and may rise further today after investors in the US felt some ease last night which led to the 200 pts rally in the Dow. At one time, the Dow fell as much as 150 pts before rebounding back up. Banking sectors and property sectors may pace rally in the Asian region. Crude oil prices slid to $91.70ish per barrel, gold prices fell to $925ish and JPY at 106.30ish. Nikkei futures in CME was closed at 13600, higher than the close of 13435 here yesterday.
Kospi may open higher today following the rally in Wall St overnight and may open around 210ish region. However, with more data coming out of the US later on tonight, some investors may choose to sit on the sidelines and wait for more concrete data regarding the US economic conditions.
Hangseng may rebound from yesterday's losses and may open higher at around 23700ish region. It may try to go up to 24000 today but low market sentiment may limit the gains and nervous investors may want to wait and see for more data coming out of the US.
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