Asia: oil and steel companies to increase market minus
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Monday, 12 October, the stock markets of the Asia-Pacific region, led by falling shares of South Korean oil companies, as well as Chinese steelmakers, the majority finished day with negative result.
main pressure on the paper provided pending the issuance of lower than projected revenues. Increased cost of computer chips to bid on Oct. 9 by 8,5% to a maximum from November 2007 to mark however, supported the paper manufacturers of semiconductors, led by Taiwanese Promos Technologies and Powerchip Semiconductor, as well as the South Korean Hynix Semiconductor.
general indicator of the regional MSCI Asia Pacific Index excluding Japan has lowered 0,5% to a value of 399.14 points.
The South Korean KOSPI down by 0.42% to 1 639.81 points. Paper chip maker Hynix Semiconductor have become harder to 1,8%.
Shares of the largest domestic oil refiners SK Energy have failed on 9,9%, while its rival S-Oil lost 1.1% after the representatives of Woori Investment Securities said the possibility of shocking performance of the companies for the 3 rd quarter that would be caused by lower margins on premium products, as well as strengthening the national currency - the won. Specialists also reduced the predictive value of earnings per share for both companies in 2009 and 2010.
Stock indicator of Australia SP /ASX 200 finished the day fall on 0,28% to 4 739.80 points. Quotes of the largest by assets of the National Bank National Australia Bank became easier on 1,9%. Analysts Merrill Lynch lowered the recommendation on the shares to the creditor's assessment of worse than the market, stressing concerns about their current value. Papers of his rival Commonwealth Bank of Australia fell 1%.
Quotations casino operator Crown soared 6.1% after chief executive James Packer, according to the Australian Financial Review, after the close of business on October 9 bought 3% of firms with a 6% premium to current price.
Chinese CSI 300 trade results decreased by 0.38% and finished the day at 3 151.63 points. Shares of the largest national steel company, Baoshan Iron Steel slipped by 1,3%. According to the Xinhua News Agency, the company in November will make reducing the cost of steel by 400 yuan per metric ton. Quotations its competitor Angang Steel weakened by 0,9%, while Wuhan Iron Steel lost 1.9%.
Stock indicator Singapore Straits Times jumped 1.05% to 2 680.47 points. National government today raised the outlook to change the GDP in the current year as a result of expansion of the economy is 2 quarters in a row. For example, Singapore's economy this year may fall by 2-2,5% against previous expectations of narrowing by 4-6%.
Stock
distributor Jardine Cycle Carriage vehicles went up by 3,7%. Specialists DBS Group Holdings increased the predictive value of the value of securities companies and also maintained its rating at buy.
Taiwan TAIEX rose by 0,37% to 7 599.88 points. Quotations chip maker Promos Technologies soared 6.7%, while its rival Powerchip Semiconductor jumped 6.8% against the background of strengthening the value of production companies.
Stock markets in Japan were closed in connection with the celebration of sport and health.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing (items) | Delta day (items) | Change day (%) | Change YTD |
|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 4739,80 | -13,10 | -0,28% | 27,34% |
| All Ordinaries | Australia | 4745,50 | -9 | -0,19% | 29 , 68% |
| Ho Chi Minh | Vietnam | 594,30 | 12,31 | 2,12% | 88,30% |
| Hang Seng | Hong Kong | 21299,35 | -200,09 | -0,93% | 48,04% |
| Hang Seng H-shares | Hong Kong | 12375,93 | -120,13 | -0,96% | 56,82% |
| BSE 30 (Sensex) | India | 17008,56 | 365,90 | 2,20% | 76,30% |
| Jakarta Composite | Indonesia | 2456,69 | -17,71 | -0,72% | 81,25% |
| Shanghai A-shares | China | 3037,59 | -18, 11 | -0,59% | 58,89% |
| CSI 300 | China | 3151,63 | -12,08 | -0,38% | 73,38% |
| KLSE Composite | Malaysia | 1233,33 | -0,49 | -0,04% | 40,67% |
| NZSE 50 | New Zealand | 3178,88 | 15,63 | 0,49% | 17,06% |
| Karachi 100 | Pakistan | 9642,56 | -126,07 | -1,29% | 64,41% |
| Straits Times | Singapore | 2680,47 | 27,96 | 1,05% | 52,16% |
| Bangkok SET | Thailand | 751,86 | 4,99 | 0,67% | 67 , 09% |
| TAIEX | Taiwan | 7599,88 | 27,92 | 0,37% | 65,53% |
| PSEi | Philippines | 2930,97 | -11,81 | -0,40% | 56,50% |
| Colombo All-Shares | Sri Lanka | 3131,29 | 15,95 | 0,51 % | 108,33% |
| KOSPI | South Korea | 1639 81 | -6,98 | -0,42% | 45,83 % |
| Nikkei 225 | Japan | 10016,39 | 183,92 | 1,87% | 13,06% |
| Topix | Japan | 897,83 | 10,24 | 1,15% | 4,49% |
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