Ok folks. Here goes.Once again thanks for the quality response to the Chindia wrap up in Mega Market Meltdown.

China is still smoking.Reached a record high again

China Shares Hit Record High


© 2007 The Associated Press

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SHANGHAI, China — Chinese stocks hit a fresh high Monday as strong corporate earnings overcame the impact of the latest reserve requirement ratio hike.

The benchmark Shanghai Composite Index ended up 2.2 percent at 3,841.27, its highest-ever close. The Shenzhen Composite Index rose 1.6 percent to 1,064.77, also a record closing high.

The market is closed the rest of the week for the Labor Day holiday, but may continue to climb after the break, with the Shanghai index likely to test the 4,000 level by mid-May, analysts said. The market reopens May 8.

http://www.chron.com/disp/story.mpl/ap/fn/4760291.html

BSE needs viagara. After tumbling more than 300 points on Friday. it is down again another 36 points.

INDICES Points +-Pt +-%
SENSEX ê 13,872.37 -36.21 -0.26
MIDCAP é 5,795.72 62.19 1.08
SMLCAP é 6,993.84 52.36 0.75
BSE-100 é 7,032.93 4.09 0.06
BSE-200 é 1,666.14 3.25 0.20
BSE-500 é 5,311.03 15.54 0.29



Most Asian stocks were down. HK lost 200 points and the Nikkei was closed.

Europe is up.

Well as you all know China is closed till the 8th.
Nonetheless the rest of the world has been active. HK up almost to 21000. Nikkei up. Europe up.Dow Futures up.

BSE back down below 14000.

INDICES Points +-Pt +-%
SENSEX ê 13,934.27 -143.94 -1.02
MIDCAP ê 5,863.16 -3.09 -0.05
SMLCAP ê 7,031.57 -22.63 -0.32
BSE-100 ê 7,095.95 -47.36 -0.66
BSE-200 ê 1,681.61 -10.17 -0.60
BSE-500 ê 5,359.14 -29.96 -0.56

The CAD is riding high.

Again wish to thank all the readers of this thread. I haven't posted anything for 3 days and still 71 views.

Been out of the saddle as the South Asian Month has kicked off and been covering a lot of events as in my other avataar as part time/freelance journalist.

On May 1, was a great fashion show for a bold new line from Alia Khan called Fusia downtown at Adelaide Street. Good stuff. No wardrobe malfunctions though. As they say- all hooks, linings and snickers in place!

All for the ladies. Available at The Bay, should you wish to have a dekko or maybe buy some.

The Shanghai Composite Index still out of action.
Boy these Chinese know the meaning of Labor Day. One full week!

BSE slips 55 points.

INDICES Points +-Pt +-%
SENSEX ê 13,879.25 -55.02 -0.39
MIDCAP ê 5,844.36 -18.80 -0.32
SMLCAP ê 7,020.11 -11.46 -0.16
BSE-100 ê 7,074.53 -21.42 -0.30
BSE-200 ê 1,675.49 -6.12 -0.36
BSE-500 ê 5,341.26 -17.88 -0.33


Europe is up. DAX cracks 7500, France cracks 6000. Man taking a cue from the old song that 'I been down so very long, that it looks like up to me,' - The markets have been 'up so very long, that it looks like down to me.'

TSX and Dow are breaking records. Mexico also cracked 30,000.

When do you guys think Nasdaq will break its previous high?

How about Nikkei? When will it reach its high of almost 40,000 hit in 1989. It is still in the teens at 17,000 plus.

"What one does easily, one does well."
-Andrew Carnegie

Ok some of you have asked where I get these erudite and sometimes platitudinal sayings like the one above.Well, mainly from the Forbes site.

China re-opens with a bang!

http://www.forbes.com/business/feeds/afx/2007/05/08/afx3696200.html






CHINA

A-shares in Shanghai and Shenzhen closed sharply higher after a seven-day break, with turnover at record levels as property and financial stocks gained ground. The benchmark Shanghai Composite Index closed up 108.74 points at a record 3,950.01. The Shanghai A-share Index was up 112.38 points at 4,147.46 and the Shenzhen A-share Index was up 43.73 points at 1,157.87. B-shares in Shanghai and Shenzhen closed sharply higher after the week-long holiday, tracking the surge in A-shares, with most companies closing up by their daily limits of 10 pct. The Shanghai B-share Index was up 21.47 points to 252.61 and the Shenzhen B-share Index was up 55.77 points at 680.56

However HK did not follow suit and lost ground.

Nikkei also lost ground

BSE keeps slipping

INDICES Points +-Pt +-%
SENSEX ê 13,765.46 -113.79 -0.82
MIDCAP ê 5,779.82 -64.54 -1.10
SMLCAP ê 6,939.25 -80.86 -1.15
BSE-100 ê 7,015.37 -59.16 -0.84
BSE-200 ê 1,660.58 -14.91 -0.89
BSE-500 ê 5,294.03 -47.23 -0.88


Europe is down. Dax below 7500. TSX and Dow reached record highs yesterday. Mexico down below 30,000.

http://www.iht.com/articles/2007/05/09/business/chinastox.php

Yeah China cracks 4,000. 3 trading days after MayDay/Mayweek break.

Next stop- 5000. Nasdaq memories anyone?

After another feverish day of buying in this country's amazing bull run, share prices in China broke records again Wednesday, sending the benchmark Shanghai composite index past the 4,000-point milestone for the first time.

On a day when share prices also rallied in Hong Kong and Shenzhen, the Shanghai composite closed at 4,013.09 points.

Today also it has gone up another 36 points and closed at 4049.70

Europe is down.
For those who wish to know more, here is:

http://today.reuters.co.uk/investing/marketindices.aspx

Gives you all the major indices of the world except guess what? BSE and NSE.

Lousy reuters!

BSE was riding high until lunchtime, then came tumbling down to close at
13771.

INDICES Points +-Pt +-%
SENSEX ê 13,771.23 -10.28 -0.07
MIDCAP é 5,816.12 23.97 0.41
SMLCAP é 6,951.49 32.89 0.48
BSE-100 ê 7,022.19 -9.91 -0.14
BSE-200 ê 1,663.41 -0.93 -0.06
BSE-500 é 5,305.90 0.30 0.01

DJ China Shares End Higher,Led By Property, Cement Cos, B Shares
(DowJonesNewswires, pb/14.05.2007, godz. 09:53)

Property developers and cement makers surged Monday on expectations of further gains in real-estate prices, helping China's stock market recoup a sharp loss in the morning.

Foreign currency-denominated B shares also soared on their relatively attractive valuations compared with yuan-denominated A shares, analysts said.

The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 0.6% at 4046.39, rebounding from a 2% dip to 3940.36 in the morning.

http://biznes.onet.pl/5,1534863,wiadomosci.html

BSE - romping a plateau today up 169 points. BSE can't seem to crack its old record.

INDICES Points +-Pt +-%
SENSEX é 13,965.86 169.70 1.23
MIDCAP é 5,941.09 89.82 1.54
SMLCAP é 7,079.83 95.43 1.37
BSE-100 é 7,136.40 96.68 1.37
BSE-200 é 1,690.24 22.69 1.36
BSE-500 é 5,394.45 73.25 1.38


On Friday TSX cracked 14,000 and S&P500 breached 1500- 2 important milestones.