Oct 28, 2008

Summary of Asia-Pacific: a dramatic rebound in the stock market


Asia-Pacific stock markets staged a dramatic rebound in prices. As a result of the Government of Japan for the first time over the years is expected to intervene to stimulate the foreign exchange market news, China, Hong Kong, Japan, South Korea and other East Asian markets have staged most of the Dikaigaozou market. The Nikkei 225 index closed at 7621.92 points, up 459.02 points, or 6.41 percent; Korea as a result of yesterday's central bank cut interest rates 75 basis points to boost today rose 5.57 percent, to 999.16 points; Taiwan's weighted index to regain occupied territory and has been reported at 4399.97, micro - Up 0.76 percent; Hong Kong's Hang Seng Index rebounded strongly to the more severe the sharp rise of 12,000 full-time at 1580 points, or 14.35 percent, a record 10 years, the biggest increase; China A-share market benchmark index SSE Composite Index to close at 1771.82 points, up 48.47 points, or 2.81% . East Asian market "is booming," the South Asia market will remain the same trend. Which has been closed in the market, Indonesia's Jakarta Composite Index closed at 1120.80 points, down 45.61 points, or 3.91 percent, the Philippines PSE Composite Index reported to 1704.41 points, slightly down 9.42 points, or 0.55 percent, Vietnam Ho Chi Minh stock index fell 1.97 percent, to 322.80 points; also re-market trading, down-to-date market, Malaysia 33.04 points, or 3.85 percent, the Singapore Straits Times Index declined slightly by 0.27 percent. Tuesday, both Shanghai and Shenzhen stock markets opened sharply lower, China Life Insurance (19.32,0.15,0.78%, it) limit, the Industrial and Commercial Bank (3.80,0.10,2.70%, right) 9% decline in the past, the afternoon of the financial sector to act as the vanguard of a rebound, Volume almost 1800 points, closing deadline, the newspaper Prev 1771.82 points, or 2.81 percent. Chinese Premier Wen Jiabao said in Moscow on the 27th, the Central Government is very concerned about Hong Kong, and a strong supporter of weathering the financial storm. In the central government and Hong Kong under the support of the authorities, 28 Hong Kong stocks open higher in early trading away high-rise close to 11%. Hong Kong stocks increase in the afternoon, back on the 12,000-point level, and full-time closing high, and closed at 12596.29 points, up 1580.45 points or 14.35 percent, a record 10 years, the largest increase, the total turnover 66,120,000,000 yuan. HSBC (00,005) close at 90 yuan, China Mobile (00,941) received 60.5 yuan, a significant increase in common shares and financial stocks continued buying, the state-owned enterprises index rose 692.98 points, or 13.89 percent.

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