Well, this day was bound to come, though it came later than sooner.

SHANGHAI, China — Chinese stocks slipped 3.6 percent on Tuesday as investors sold shares in blue chips amid from regulators against speculative trading. But mid-sized Bank of Communications surged 71 percent in its Shanghai debut.

The benchmark Shanghai Composite Index closed at 3,900.56, down 3.6 percent. The Shenzhen Composite Index fell 2.6 percent to 1,097.94.


http://www.chron.com/disp/story.mpl/ap/fn/4804600.html

BSE ka haal?

Down 36 points

INDICES Points +-Pt +-%
SENSEX ê 13,929.33 -36.53 -0.26
MIDCAP é 5,955.35 14.26 0.24
SMLCAP é 7,102.88 23.05 0.33
BSE-100 ê 7,129.64 -6.76 -0.09
BSE-200 ê 1,689.57 -0.67 -0.04
BSE-500 ê 5,394.08 -0.37 -0.01




Europe down.Japan and HK down. Metals have lost their lustre with gold down and silver trading below $13.

Bad day for the stock market, but the temp in mighty TO is to hit +25 celsius.

http://www.shanghaidaily.com/sp/article/2007/200705/20070516/article_316064.htm

The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, rose 0.6 percent to 3,922.51. The Shenzhen Composite Index, which covers the smaller one, added 0.7 percent to 1,106.05.

BSE zooms up 197 points to close at 14127.

INDICES Points +-Pt +-%
SENSEX é 14,127.31 197.98 1.42
MIDCAP é 6,041.33 85.98 1.44
SMLCAP é 7,205.96 103.08 1.45
BSE-100 é 7,225.08 95.44 1.34
BSE-200 é 1,711.17 21.60 1.28
BSE-500 é 5,466.33 72.25 1.34

Canadian dollar hit 0.91 cents yesterday. Europe is down . Nikkei and HK up .

Stocks jump high, Shenzhen index breaks record
By Li Zengxin (chinadaily.com.cn)
Updated: 2007-05-17 16:26

Mainland stocks saw another day of big jump today after yesterday's surge, moving out of the shade of the steep slump on Tuesday.
The Shanghai Composite Index opened higher and closed at 4,048.29, up 62.25 points or 1.56 percent from the previous closing.

Please see link for graphs:

http://www.chinadaily.com.cn/bizchina/2007-05/17/content_874936.htm

BSE up 172 points to 14299.71. Opened with a gap and traded sideways from the get-go

INDICES Points +-Pt +-%
SENSEX é 14,299.71 172.40 1.22
MIDCAP é 6,088.79 47.46 0.79
SMLCAP é 7,212.56 6.60 0.09
BSE-100 é 7,314.86 89.78 1.24
BSE-200 é 1,730.90 19.73 1.15
BSE-500 é 5,529.10 62.77 1.15

HK closing in on 21,000. TSX and Dow break records.

Whatever happened to the saying"Sell in May and go away."

Must be something to do with Global Warming! Everything going awry!

"To be alive at all involves some risk."
-Harold Macmillan

SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed mixed with concerns emerging about possible fresh interest rate hikes following recent central bank comments, dealers said.

They noted that banks and metal stocks in particular came under pressure.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed down 18.04 points, or 0.45 pct, at 4,030.26 after moving between 3,999.17 and 4,052.10.


http://www.forbes.com/markets/feeds/afx/2007/05/18/afx3735239.html



News Flash!China widens trading band for Yuan!


BSE flat in green up 3.70 points

INDICES Points +-Pt +-%
SENSEX é 14,303.41 3.70 0.03
MIDCAP é 6,089.95 1.16 0.02
SMLCAP é 7,220.30 7.74 0.11
BSE-100 ê 7,313.27 -1.59 -0.02
BSE-200 é 1,731.34 0.44 0.03
BSE-500 é 5,530.17 1.07 0.02


Europe is up! Nikkei and HK down slightly.

TSX breaks another record yesterday to close above 14,100. Brent crude cracks $70!

CAD climbs even higher. Talks of interest rate increase again clog the newswires!

Some people jokingly say that the investment loan rate sale going on now is responsible for the TSX going up.

China's attempt to cool stock market fever by raising interest rates and tightening credit appeared to have little impact on local investors' insatiable appetite Monday, with both mainland markets hitting new records.

The benchmark Shanghai Composite Index opened 3.2 percent down from Friday's close but steadily regained ground, rising 1.0 percent to close at 4,072.23, a new record high. The Shenzhen Composite Index climbed 2.1 percent to 1,181.42, also a record


http://www.businessweek.com/ap/financialnews/D8P8PSQO0.htm

BSE up 115 points

INDICES Points +-Pt +-%
SENSEX é 14,418.60 115.19 0.81
MIDCAP é 6,129.69 39.74 0.65
SMLCAP é 7,294.15 73.85 1.02
BSE-100 é 7,384.27 71.00 0.97
BSE-200 é 1,747.78 16.44 0.95
BSE-500 é 5,581.34 51.17 0.93


You guys know something the last time the CAD was this high against the US the INR was past Rs 40 /CAD. Now it is hardly scratching Rs37/CAD. Looks like the INR is getting stronger. Likewise with the USD.

Of late financial pundits instead of keeping track of the 500 point levels are logging records at every 100 point level for China.

HONG KONG

Most Asian markets advanced Tuesday as Chinese investors lifted stocks to new records, shrugging off authorities' efforts to cool market.

Stocks in South Korea, Singapore, Indonesia and the Philippines also rose to new highs.

China's stock markets forged higher despite moves Friday by the central bank to raise interest rates and reserve requirements. The Shanghai Composite Index gained 0.9 percent to 4,110.38, breaking above 4,100 for the first time. The Shenzhen Composite Index climbed 1.4 percent to 1,198.41, also a record high.

http://www.businessweek.com/ap/financialnews/D8P9CSK80.htm


BSE up slightly by 35 points to 14453.72

INDICES Points +-Pt +-%
SENSEX é 14,453.72 35.12 0.24
MIDCAP é 6,144.88 15.19 0.25
SMLCAP ê 7,286.77 -7.38 -0.10
BSE-100 é 7,420.78 36.51 0.49
BSE-200 é 1,755.86 8.08 0.46
BSE-500 é 5,604.37 23.03 0.41


Dax up, CAC up, FTSE down. Nikkei up, HK down. We have a mixed bag today.
Brent crude still above $70, Texas crude at $66 plus. Silver above $13.00

All eyes are on gold to crack $700.

CAD still above 92 cents to USD

Hitting new highs 3 days in a row!


The benchmark CSI 300 Index, which tracks yuan-denominated A shares listed on two domestic exchanges, added 68.46, or 1.8 percent, to close at 3,938.95 today, rising to a high for a third straight day.

The Shanghai Composite Index, which tracks the bigger of domestic stock exchanges, added 1.5 percent to 4,173.71. The Shenzhen Composite Index, which covers the smaller one, gained 2.1 percent to 1,223.98.


http://www.shanghaidaily.com/sp/article/2007/200705/20070523/article_316937.htm

BSE is a downer- lost 108 points.

INDICES Points +-Pt +-%
SENSEX ê 14,345.21 -108.51 -0.75
MIDCAP ê 6,106.59 -38.29 -0.62
SMLCAP ê 7,233.00 -53.77 -0.74
BSE-100 ê 7,359.02 -61.76 -0.83
BSE-200 ê 1,741.46 -14.40 -0.82
BSE-500 ê 5,560.72 -43.65 -0.78

Europe is up. DAX cracks 7700! Dow and S&P futures are up. Brent is above $70. Texas crude receded some. Silver below $13

CAD falls below 92.