From a diff source

http://www.hemscott.com/news/latest-news/item.do?newsId=40033390377249

Asian stockmarket summary
BEIJING (XFN-ASIA) - A summary of Asian stockmarket trading Thursday:

HONG KONG

Share prices closed sharply higher as investors picked up blue chips such as Swire Pacific and Hong Kong Exchanges (HKEx) after their results announcements. The market also took a lead from China's A-share bourses. The Hang Seng Index closed up 256.53 points at 19,175.17.

CHINA

A-shares in Shanghai and Shenzhen closed higher on fresh fund inflows and a stronger yuan, with metals and property stocks in demand. The benchmark Shanghai Composite Index closed up 31.42 points at 2,928.02. The Shanghai A-share Index was up 33.07 points at 3,076.24 and the Shenzhen A-share Index was up 13.80 points at 796.54. B-shares in Shanghai and Shenzhen closed higher, tracking A-share rises, with blue chips remaining in demand. The Shanghai B-share Index was up 1.37 points to 172.07 and the Shenzhen B-share Index was up 3.40 points at 482.91.

TAIPEI

Share prices closed at their highest levels for the day as bargain-hunting picked up pace across the board, adding momentum to a technical rebound. The weighted index closed up 92.98 points at a high of 7,573.87.

SEOUL

Share prices closed higher, extending their rally for a third day, with the triple witching resulting in only limited program selling as the Bank of Korea's decision to keep rates steady provided further visibility. The KOSPI index closed up 12.94 points at 1,423.89.

MANILA

Share prices closed lower as the market consolidated amid persisting concerns over the stability of overseas markets, with most investors still wary that last week's heavy selling pace may resume. The 30-company composite index fell 34.89 points to settle at 3,028.37.

SINGAPORE

Share prices closed sharply higher as investors snapped up bargains after recent steep corrections, with gains in key regional markets such as Hong Kong and Tokyo providing additional technical and psychological support. The Straits Times Index (STI) rose 63.34 points to close at the day's high of 3,122.49.

KUALA LUMPUR

Share prices closed higher on extended bargain-hunting, spurred by gains in regional markets after Wall Street showed signs of stabilization overnight and the yen fell against the dollar. The Kuala Lumpur Composite Index (KLCI) closed up 30.48 points at 1,187.06.

JAKARTA

Share prices closed sharply higher led by mining firms on the back of firmer commodity prices, with sentiment also supported by gains in most Asian markets. The composite index closed up 28.369 points at 1,771.558.

AUSTRALIA

Share prices closed relatively unchanged as investors adopted a cautious approach to the Australian share market after two days of solid gains. The S&P/ASX 200 slipped 3.0 points at 5,822.3. The broader All Ordinaries index eased 3.7 points to close at 5,799.6.

TOKYO

Share prices recovered from early losses to close broadly higher as the yen's steep decline sparked talk that the unwinding of yen carry trades may have run out of steam. The Nikkei 225 Stock Average closed up 325.69 points at 17,090.31.

xiaojing.jiang@xinhuafinance.com

jod/km
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http://www.forbes.com/markets/feeds/afx/2007/03/09/afx3500856.html


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AFX News Limited
China B-shares close mixed; blue chips pressured by profit-taking
03.09.07, 2:35 AM ET



SHANGHAI (XFN-ASIA) - B-shares in Shanghai and Shenzhen closed mixed with blue chips under pressure from profit-taking, dealers said.

The Shanghai B-share Index was down 2.33 points to 169.75 on turnover of 364.01 mln usd and the Shenzhen B-share Index was up 0.64 points at 483.55 on turnover of 430.14 mln hkd.

The FTSE/Xinhua China B 35 Index was down 31.42 points at 6,573.17.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 9.90 points, or 0.34 pct, at 2,937.91, after moving between 2,891.81 and 2,962.42.

The key index rose 3.76 pct for the week. Turnover rose to 89.73 bln yuan from 73.78 bln in the previous session.

(1 usd = 7.75 yuan; 7.8 hkd)

Everything looks good in the East.

Now for Europe and the Americas.


http://www.iht.com/articles/ap/2007/03/12/business/AS-FIN-MKT-Asian-Markets.php


Asian markets advance broadly as Nikkei climbs for 3rd straight session on GDP revision
The Associated PressPublished: March 12, 2007

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HONG KONG: Markets across Asia rose Monday, continuing to recover from their recent plunge as Hong Kong stocks climbed a healthy 1.6 percent and Japanese shares climbed for a third straight session.

Tokyo's benchmark Nikkei 225 index rose 128.35 points, or 0.75 percent, to finish at 17,292.39 points.

Exporter blue chips like autos and electronics stocks advanced as the yen weakened against the dollar, a move that inflates overseas earnings and making exports less expensive.

Investors were also cheered by an upward revision in economic growth in the fourth quarter to an annual pace of 5.5 percent, the strongest growth in three years. The revision was largely due to stronger capital investment than initially calculated.

Gainers included Mazda Motor Corp., which rose 2.11 percent to 677 yen (US$5.74) and Canon Inc., which posted a 0.95 percent gain to 6,350 yen (US$53.81).

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In Hong Kong, shares were boosted by heavyweight China Mobile and property stocks ahead of the government's land auction. The blue chip Hang Seng Index rose 307.54 points, or 1.6 percent, to finish at 19,442.42.

China Mobile surged 4.3 percent to HK$69.90. Traders said the stock, which lost 6 percent last week, is recovering from the decline caused by portfolio reshuffle by some index-tracking funds.

The weighting of China's largest mobile operator has been reduced to 16 percent from 21 percent in Hang Seng Index after the inclusion of China Life and Industrial & Commercial Bank of China into the benchmark index starting Monday.

HSBC, whose weighting is lowered to 20 percent from 22 percent, also rose 0.6 percent to HK$137.50.

"I think investors like China Mobile more. Its earnings upside can be more spectacular due to the growth in suburban mobile users," said Kitty Chan, director of Cash Asset Management Ltd.

Hong Kong property stocks also outperformed the broader market, as investors expect another shiny result from the land auction scheduled Tuesday.

Hang Lung Properties was 5.5 percent higher. Cheung Kong rose 0.6 percent while Sun Hung Kai Properties up 2.1 percent.

In currencies, the dollar was trading at 118.22 yen mid Monday, up from 118.15 yen mid Friday in New York. The euro rose to $1.3117 from $1.3115.

Elsewhere:

BANGKOK: Thailand's shares ended higher in extremely thin trade, led by gains in banking stocks. The Stock Exchange of Thailand's SET index gained 1.19 points, or 0.2 percent, to finish at 672.36.

JAKARTA: Indonesian shares ended up 1.7 percent at 1,794.52 points, as gains across Asia markets inspire foreign program buying in most blue chips.

KUALA LUMPUR: Malaysia's shares rose as local funds continue to accumulate blue chips, plantation, banking stocks, dealers said. The Composite Index of 100 blue chips up 1.2 percent to 1,203.29 points.

MANILA: Philippine shares advanced for the second session as investors focused on selected stocks with positive story lines, among them port operator International Container Terminal Services Inc. The benchmark 30-company Philippine Stock Exchange Index rose 25.14 points, or 0.8 percent, at 3,124.96.

MUMBAI: India's shares climbed with the Bombay Stock Exchange's 30-stock Sensitive Index, or Sensex, rose 17.64 points, or 0.14 percent, to 12,902.63.

SEOUL: South Korean shares rose, led by blue chips stocks such as Samsung Electronics and Posco. The Korea Composite Stock Price Index, or Kospi, surged 17.75 points, or 1.3 percent, to 1,441.33.

SHANGHAI: Chinese stocks rose for the fifth straight session, with heavyweights Industrial & Commercial Bank of China and Bank of China gaining on institutional demand. The benchmark Shanghai Composite Index rose 0.6 percent at 2,954.91. The Shenzhen Composite Index rose 1.2 percent to 769.93.

SINGAPORE: Singapore's shares rose amid lackluster trading, with gains seen in property and banking stocks. The benchmark Straits Times Index surged 38.97 points, or 1.2 percent, to close at 3182.68.

SYDNEY: Australian shares added one percent in light-volume trading, with big mining and retail companies posting gains. The benchmark S&P/ASX 200 index rose 60.8 points to end at an eight-day high of 5,891.0 points.

TAIPEI: Taiwan shares rose, lifted by gains in selected tech heavyweights. The Weighted Price Index of the Taiwan Stock Exchange gained 60.95 points, or 0.8 percent, to close at 7,629.15.

WELLINGTON: New Zealand stocks were slightly higher, as a lack of strong drivers and some remaining investor nerves produced a session of relatively mixed trading. The benchmark NZX-50 index lifted 8.2 points, or 0.2 percent, to 4,088.13.

Investpro,

I do not understand your logic of cutting and pasting everyday market wrap up on this site - can you please enlighten the value addition you think you are making?

Chandresh

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

Quote:

---

Originally posted by chandresh

Investpro,

I do not understand your logic of cutting and pasting everyday market wrap up on this site - can you please enlighten the value addition you think you are making?

Chandresh

---

http://www.abcmoney.co.uk/news/13200738134.htm


Looks like the Chinese markets have rebounded back w/ Shenzhen A index reaching an all time high.

BSE has its woes at 12900 plus just grazing 13,000

SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on follow-through interest after recent continuous gains, with textile and auto issues gaining ground, dealers said.

The Shanghai A-share Index was up 10.36 points or 0.33 pct to 3,115.04 on turnover of 88.23 bln yuan and the Shenzhen A-share Index was up 8.69 points or 1.08 pct at 812.12, a new all time closing high, on turnover of 47.17 bln yuan.


'The market was helped by some follow-through interest after closing higher for the past five consecutive trading days, but there will be more corrections ahead as the benchmark Shanghai Composite index approaches its all time high,' said Wang Sai, an analyst at Wanguo Consulting.

Analysts said investors are becoming worried about more credit-tightening policies to be issued in the near future.

'There are still worries about further government controls over fast-growing loans and the trade surplus, so the sentiment is not that optimistic and the buying is not that strong,' said Wang Mingzhi, an analyst at GF Securities, adding that the month-on-month rise in CPI might also trigger new credit-tightening measures.

China's consumer price index rose 2.7 pct year-on-year in February, compared with a 2.2 pct rise in January, the National Bureau of Statistics said.

Exports for the January-February period totaled 168.7 bln usd, up 41.5 pct from a year earlier, with the surplus for the first two months of the year at 39.6 bln usd, according to the General Administration of Customs.

Textile stocks were buoyed by rotational buying and strong exports data, with Hubei Mailyard Share Co Ltd (SHA 600107) up its 10 pct daily limit at 7.48 yuan.

Anhui Huamao Textile Co Ltd (SZA 000850) was up 0.51 yuan or 6.49 pct at 8.37. Huafang Textile Co Ltd (SHA 600273) was up 0.17 yuan or 3.74 pct at 4.72.

Auto makers were boosted by bargain-hunting after recent falls, with FAW Car Co Ltd (SZA 000800) up 0.22 yuan or 3.07 pct at 7.38.

Dongfeng Automobile Co Ltd (SHA 600006) was up 0.33 yuan or 6.42 pct at 5.47. Beiqi Foton Motor Co Ltd (SHA 600166) was up 0.31 yuan or 5.45 pct at 6.0.

Zhejiang Hangxiao Steel Structure Co Ltd (SHA 600477) was up its 10 pct daily limit at 8.07 yuan after signing a steel and construction contract worth 34.4 bln yuan with China International Fund Ltd for the latter's projects in Angola.

Property developers were under pressure on worries over possible credit-tightening measures, dealers said.

Tianchuang Property Co Ltd (SHA 600791) was down 0.31 yuan or 2.95 pct at 10.19. Shanghai Industrial Development Co Ltd (SHA 600748) was down 0.69 yuan or 4.60 pct at 14.30.

Beijing Tianhong Baoye Real Estate Co Ltd (SHA 600376) was down 0.19 yuan or 2.01 pct at 9.25.

China Enterprise Stock Co Ltd (SHA 600675) was down 0.27 yuan or 1.98 pct at 13.39. It denied recent media reports that its parent Shanghai Property (Group) Co is seeking to list the group in place of the unit.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 9.88 points, or 0.33 pct, at 2,964.79, after moving between 2,932.23 and 2,966.19.

Turnover rose to 88.66 bln yuan from 85.50 bln in the previous session.

The FTSE/Xinhua China A 50 Index was up 38.73 points at 10,576.25. The FTSE/Xinhua China A 200 Index was up 52.17 points to 7,628.51 and the FTSE/Xinhua China A 600 Index was up 59.54 points at 6,670.95.

(1 usd = 7.75 yuan)

lake.xu@xinhuafinance.com

Besides Asia, Europe is taking a drubbing as well.

North America slid yesterday.

http://www.forbes.com/markets/feeds/afx/2007/03/14/afx3514600.html

BEIJING (XFN-ASIA) - A summary of Asian stockmarket trading Wednesday:



HONG KONG

Share prices closed sharply lower after a huge drop on Wall Street overnight amid fresh concerns over financial troubles at US sub-prime mortgage lenders. The Hang Seng Index closed down 496.21 points at 18,836.93.


CHINA

A-shares in Shanghai and Shenzhen closed lower on fears of fresh credit-tightening measures and weakness in overseas markets. The benchmark Shanghai Composite Index closed down 58.46 points at 2,906.33. The Shanghai A-share Index ended down 61.46 points to 3,053.58 and the Shenzhen A-share Index finished down 5.94 points at 806.18. B-shares in Shanghai and Shenzhen closed lower, tracking A-share falls, with blue chips under pressure. The Shanghai B-share Index was down 3.16 points to 169.87 and the Shenzhen B-share Index was down 6.96 points at 486.86.


TAIPEI

Share prices closed lower as Wall Street's tumble overnight sparked jitters across the region, with investors worried that US sub-prime mortgage lenders' woes could spill over to the broader economy. The weighted index closed down 113.73 points at 7,570.27.


SEOUL

Share prices closed sharply lower, with the main index down two pct, as foreign investors aggressively cut their positions in both spots and futures following the slump in US stocks overnight triggered by rising concerns over sub-prime lending. The KOSPI index closed down 28.68 points at 1,407.37.


MANILA

Share prices closed sharply lower as jitters on Wall Street where stocks tumbled overnight due to financial troubles at sub-prime lenders spilled over onto Asian markets this morning. At the close, the 30-company composite index was down 107.68 points at 3,074.28.


SINGAPORE

Share prices closed sharply lower as sentiment here suffered a blow from steep losses on Wall Street overnight sparked by worries over the US sub-prime mortgage market. The Straits Times index closed down 105.69 points at 3,053.21.


KUALA LUMPUR

Share prices closed sharply lower, but off their lows, as pockets of speculative buying and bargain-hunting helped to stem further losses following the initial reaction to the plunge overnight on Wall Street. The Kuala Lumpur Composite Index (KLCI) was down 33.63 points at 1,166.38.


JAKARTA

Share prices closed sharply lower as investors reacted negatively to an overnight slump on Wall Street that sparked heavy selling around Asia today. The US slump was sparked by worries about the mortgage lending market, which coupled with weak February retail sales data, has raised fresh concerns that the US economy is slowing down. The composite index closed down 35.118 points at 1,762.284.


AUSTRALIA

Share prices closed sharply down as investor sentiment plunged after US shares overnight experienced their second largest sell-off this year, sparked by concerns that rising defaults within the US sub-prime mortgage market could spill over into the wider economy. The S&P/ASX 200 closed down 123.1 points at the day's low of 5,741.9. The All Ordinaries index tumbled 116.7 points to also close at the day's low of 5,727.3.


TOKYO

Share prices closed broadly lower as the slump in US stocks overnight due to worries about the US housing market sparked a sell-off, reviving revived fears of another turmoil in global equity markets. The Nikkei 225 Stock Average closed down 501.95 points at 16,676.89.



xiaojing.jiang@xinhuafinance.com