The granddady of them all the Dow was up today. Along with it so far Japan and HK are up.

Yesterday the Dow tumbled and today the world markets went down - lending credence once more to the adage" When the Dow sneezes, the world catches a cold".

Tomorrow is another day.

"Knowledge is the antidote to fear."
-Ralph Waldo Emerson

Well, yesterday the Dow gained and true to its name proved to be the locomotive pulling up world markets.

Even Europe is up heavily with the DAX almost up 2%.

BSE up only 14 points. The BSE from a high of approx 14,700 is now floundering around 12,500. However compared to its 52 wk. low of approx 8,750 (in June 2006) it is still right up in there.

http://www.forbes.com/markets/feeds/afx/2007/03/15/afx3518610.html

AFX News Limited
Asian stockmarket summary
03.15.07, 6:28 AM ET




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



HONG KONG

Share prices closed higher as blue chip China Mobile helped the market stage a rebound on expectations that the company will announce strong 2006 results next week. They said overall sentiment was supported by Wall Street's moderate recovery overnight and strong gains on the Tokyo bourse today after sell-offs earlier this week. The Hang Seng Index closed up 132.51 points at 18,969.44.


CHINA

A-shares in Shanghai and Shenzhen closed higher thanks to renewed capital inflows and a rebound on Wall Street with property developers, power generators and automakers in favor. The benchmark Shanghai Composite Index closed up 45.36 points at 2,951.70. The Shanghai A-share Index was up 47.66 points to 3,101.24 and the Shenzhen A-share Index was up 14.48 points at 820.66. B-shares in Shanghai and Shenzhen closed higher, tracking gains in A-shares, with real estate stocks gaining ground on a rising yuan. The Shanghai B-share Index was up 2.68 points to 172.55 and the Shenzhen B-share Index was up 4.45 points at 491.31.


TAIPEI

Share prices closed sharply higher in active trade, in line with the rebound in regional markets after Wall Street steadied itself from volatile trade to finish with moderate gains overnight. The weighted index closed up 125.69 points at 7,695.69.


SEOUL

Share prices closed higher, recouping much of their losses from the previous session, with strong futures-linked program buying lessening any impact from continued foreign sell-offs. The KOSPI index closed up 19.56 points at 1,426.93.


MANILA

Share prices closed mixed as investors unloaded blue chips including Philippine Long Distance Telephone Co (PLDT), which fell to five-month lows, to buy into smaller capitalized stocks as caution prevailed amid continuing volatility on Wall Street. The 30-company composite index fell 30.67 points to settle at 3,043.61.


SINGAPORE

Share prices closed higher after a rebound on Wall Street overnight improved sentiment here and triggered fresh buying interest. The Straits Times Index closed up 41.39 points at 3,094.60.


KUALA LUMPUR

Share prices closed higher on a technical rebound in line with regional gains after Wall Street's recovery overnight but investors remain cautious. The Kuala Lumpur Composite Index (KLCI) was up 13.93 points at 1,180.31.


JAKARTA

Share prices closed higher after a rebound on Wall Street overnight sparked renewed buying following yesterday's sharp sell-off. Index heavyweight Telkom led the rally as it tracked overnight gains in its American Depository Receipts (ADRs) traded in New York. The composite index closed up 14.077 points at 1,776.361.


AUSTRALIA

Share prices ended sharply higher with investors viewing yesterday's large sell-off as overdone, providing buying opportunities throughout the local stockmarket. The S&P/ASX 200 closed up 111.1 points at 5,853.0. The All Ordinaries index climbed 104.5 points to close at 5,831.8.


TOKYO

Share prices closed higher, investors having been heartened by the rebound on Wall Street overnight, while a softer yen boosted the stocks of exporters. The blue-chip Nikkei 225 Stock Average closed 183.50 points at 16,860.39.



xiaojing.jiang@xinhuafinance.com

When you leave New York, you are astonished at how clean the rest of the world is. Clean is not enough."
-Fran Lebowitz


China and HK closed down today.

BSE slid 113 points to close at 12430

Europe's in the red. Gold upto 650. Silver trading above $13. Brent is higher than West Texas.

http://www.forbes.com/markets/feeds/afx/2007/03/16/afx3522825.html

AFX News Limited
Asian stockmarket summary
03.16.07, 6:12 AM ET






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



HONG KONG

Share prices closed little changed after a choppy session as investors turned cautious ahead of results announcements from several blue chip heavyweights next week. The market opened lower on worries over possible economic-tightening measures in China but recovered soon on hopes of solid earnings from China Mobile and some short-covering activity, before giving up the gains again in late trade as investors were reluctant to hold on to positions ahead of the weekend. The Hang Seng Index closed down 15.94 points at 18,953.50.


CHINA

A-shares in Shanghai and Shenzhen closed lower on profit-taking ahead of the weekend with financial stocks and steelmakers losing ground. The benchmark Shanghai Composite Index closed down 21.22 points at 2,930.48. The Shanghai A-share Index ended down 22.15 points at 3,079.09 and the Shenzhen A-share Index finished down 11.89 points at 808.77. B-shares in Shanghai and Shenzhen closed lower, tracking A-share falls with blue chips under pressure from profit-taking. The Shanghai B-share Index was down 2.34 points to 170.21 and the Shenzhen B-share Index was down 3.74 points at 487.58.


TAIPEI

Share prices closed firmer as investors took comfort from Wall Street's moderate gains overnight and a recovery in the Hong Kong market after early losses. The weighted index closed up 23.84 points at 7,719.80.


SEOUL

Share prices closed little changed but off their lows for the day, with corporates and brokerages building positions after a firm close on Wall Street. The KOSPI index closed up 0.95 points at 1,427.88.


MANILA

Share prices closed higher as bargain-hunters emerged after the market's two-day slide, encouraged by the government's better fiscal performance in the first two months of the year, although the thin turnover suggested continuing caution due to the recent volatility on Wall Street. At the close, the 30-company composite index was up 18.64 points at 3,062.25.


SINGAPORE

Share prices closed lower with investors cautious ahead of the release of US February CPI data tonight. Players are wary about any signs of a pickup in inflationary pressure which would augur badly for the US economy and reduce prospects for a possible cut in the Federal Reserve's key target interest rate at next week's FOMC meeting. The Straits Times Index closed down 25.85 points at 3,068.75.


KUALA LUMPUR

Share prices closed mixed in cautious trade ahead of the weekend after falls in Tokyo and fears of a slowing US economy further dampened sentiment. The Kuala Lumpur Composite Index (KLCI) inched up 1.89 points at 1,182.20.


JAKARTA

Share prices closed slightly higher with strong gains in mining stocks offsetting some profit taking ahead of a long-weekend. The market is closed Monday for a public holiday to mark the Hindu new year. The composite index closed up 1.529 points at 1,777.89.


AUSTRALIA

Share prices ended down as investors remain cautious following volatility in global equity markets that prompted a heavy sell-off in domestic stocks on Wednesday, followed by a sharp upward correction yesterday. The S&P/ASX 200 closed down 16.7 points at 5,836.3. The All Ordinaries index retreated 14.0 points to close at 5,817.8.


TOKYO

Share prices closed lower after investors locked-in profits on yesterday's gains, showing their anxiety about the health of the US economy. The blue-chip Nikkei 225 Stock Average closed 116.24 points lower at 16,744.15.

Worldwide markets gain ground.

China, HK, Japan, BSE, Europe, Canada and the US all up.

http://www.chinadaily.com.cn/china/2007-03/19/content_831239.htm

Chinese stocks reversed a slump upon opening to gain nearly three percent Monday as financial shares surged following an interest rate rise announced by the central bank at the weekend.


The benchmark Shanghai Composite Index opened at 2,864.26, a decrease of 2.25 percent from the closing point of the previous session. However, the stocks, led by financial shares, started to recover the loss within twenty minutes.

At the close of the session, the Shanghai Composite Index gained 83.96 points, or 2.87 percent at 3,014.44. The Shenzhen Composite Index closed up 9.81 points, or 1.27 percent, at 784.57. The Shanghai and Shenzhen 300 index of major companies rose 55.19 points, or 2.12 percent to 2,659.41.

Financial shares took the lead in Monday's increase. The Industrial and Commercial Bank of China, the country's biggest lender, rose 4.65 percent to 5.18 yuan while China Life, China's largest life insurer, gained 4.38 percent to 35.29 yuan.

China Merchants Bank surged 5.41 percent to hit 16.36 yuan and Bank of China was up 5.8 percent to 5.29 yuan.

The gain was coupled with an expansion in trading. The volume in the Shanghai Stock Exchange hit 94.82 billion yuan, with 10.997 billion shares changing hands while the turnover in the Shenzhen Stock Exchange reached 46.76 billion yuan, with 895 million shares changing hands.

The surge came after the People's Bank of China raised benchmark one-year lending and deposit rates by 0.27 percentage point at the weekend, the third increase in less than one year.

Smaller lenders made bigger percentage gains, with Shanghai Pudong Development Bank up 9.8 percent to 25.37 yuan. China Minsheng Banking rose 7.9 percent to 11.90 yuan and Hua Xia Bank jumped 6.5 percent to 10.12 yuan.

The rate rise was the latest in a series of tightening measures to cool off the torrid economy which, as Premier Wen Jiabao said Friday, is facing a list of problems, including excessive investment, credit, liquidity and swelling foreign exchange reserves.

Despite the gains in the indexs and financial shares, the declining shares outnumbered the advancing ones in the two bourses by a ratio of 6 to 5.

In keeping with several requests, I am limiting market wrap in Asia to India and China. For the full market wrap up in the Far East, just open the link.

http://www.forbes.com/markets/feeds/afx/2007/03/20/afx3532091.html



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



HONG KONG

Share prices closed higher on expectations of strong results from blue chips such as China Mobile, with a rally on Wall Street bolstering sentiment. The market was kept in check by caution ahead of a US Federal Reserve policy meeting and worries that China might adopt more tightening measures following the interest rate hike announced over the weekend. The Hang Seng Index closed up 90.16 points at 19,356.90.


CHINA

A-shares in Shanghai and Shenzhen closed higher on follow-through interest with metals and property stocks gaining ground. The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 17.75 points at 3,032.20. The Shanghai A-share Index was up 18.32 points to 3,186.04 and the Shenzhen A-share Index was up 10.72 points at a record 829.53. B-shares in Shanghai and Shenzhen closed higher on bargain-hunting with property developers in demand. The Shanghai B-share Index was up 3.65 points to 175.51 and the Shenzhen B-share Index was up 7.60 points at 504.77.


BSE up 60 points to close at 12705.

Tuesday, March 20, 2007 4:01:58 PM
Indices
INDICES Points +-Pt +-%
SENSEX é 12,705.94 60.95 0.48
MIDCAP é 5,331.39 44.72 0.85
SMLCAP é 6,355.22 20.15 0.32
BSE-100 é 6,414.66 42.46 0.67
BSE-200 é 1,516.76 10.82 0.72
BSE-500 é 4,838.25 33.00 0.69

Europe is down and the US futures are down.

Investpro - Please check your PMs

"A man who has reformed himself has contributed his full share towards the reformation of his neighbor."
-Norman Douglas

China, Hang Seng up. Nikkei was closed. BSE up 240 points at 12945.
FTSE, CAC, DAX currently up.

Yesterday TSX down, Dow up. Dow futures currently down.


http://www.forbes.com/markets/feeds/afx/2007/03/21/afx3536267.html

China A-shares close up on follow-through buying; key index at new high - UPDATE
03.21.07, 3:56 AM ET


SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher on follow-through buying and fresh inflows of funds, with financial and property stocks in demand, dealers said.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 25.19 points, or 0.83 pct, at 3,057.38, a new all time closing high. It traded between 3,020.95 and 3,057.71.

Turnover rose to 89.31 bln yuan from 81.63 bln in the previous session.

'Fresh money entered after the Shanghai Composite index breached its record high this morning, and expectations for solid 2006 earnings to be announced by major companies also helped boost confidence,' said Zeng Bo, an analyst at Changjiang Securities.

Analysts though cautioned that the market is ripe for a correction at current levels with some investors expected to want to cash in recent gains.

Financial and property stocks were boosted by expectations of further yuan strength, dealers said.


BSE up.


INDICES Points +-Pt +-%
SENSEX é 12,945.88 239.94 1.89
MIDCAP é 5,341.13 9.74 0.18
SMLCAP é 6,369.64 14.42 0.23
BSE-100 é 6,516.81 102.15 1.59
BSE-200 é 1,539.42 22.66 1.49
BSE-500 é 4,902.98 64.73 1.34