Asian markets up on US jobs data, China market moves

Asian stocks rose yesterday Monday Sep 07 as data out of the US showed fewer than expected jobs were lost last month while market friendly measures from Beijing boosted sentiment in China and Hong Kong.

Comments from the G20 finance chiefs that they will keep economic stimulus measures in place also gave markets a lift.

TOKYO: Up 1.31 per cent. The Nikkei-225 climbed 133.83 points to 10,320.94.

While the mood was upbeat, trading volumes were light with many investors on the sidelines ahead of the announcement of Japan’s new cabinet.

HONG KONG: Shares closed 1.53 per cent higher yesterday, after Beijing announced new measures to boost market sentiment and data showed fewer than expected jobs were lost last month, dealers said.

The benchmark Hang Seng Index finished 310.69 points higher at 20,629.31. Turnover was HK$63.97 billion

SYDNEY: Up 0.43 per cent. The S&P/ASX200 rose 18.9 points to 4,454.4.

CMC Markets analyst David Taylor said there was a positive response to ANZ Bank figures showing jobs advertised on the Internet and in newspapers increased 4.1 per cent in August, the first rise in 16 months.

SHANGHAI: Up 0.68 per cent. The Shanghai Composite Index, which covers A and B shares, was up 19.51 points to 2,881.12.

SEOUL: Flat. The KOSPI ended down 0.33 points at 1,608.57.

One analyst said most investors expect to remain sidelined before the central bank’s rate decision meeting Thursday.

TAIPEI: Up 0.99 per cent. The weighted index rose 71.46 points to 7,224.59.

Interest in financials was ignited as a report said Taiwan is pushing for China to let the island’s insurers hold more than the standard 50 per cent in joint ventures on the mainland.

BANGKOK: Up 2.12 per cent. The Stocks Exchange of Thailand gained 14.16 points to close at 682.57.

“The market rose in line with gains in regional and European markets as investment flowed into the region,” said Apisit Limthamrongkul, an analyst from Kiatnakin Securities.

SINGAPORE: Shares closed 0.81 per cent higher yesterday on gains in selected blue-chips, dealers said.

The Straits Times Index rose 21.26 points to 2,643.95. Volume totalled 2.39 billion shares worth S$1.46 billion.

There were 334 rising issues, 221 losers while 700 were even. – AFP

United Overseas Bank was 12 cents higher at S$17.10

JAKARTA: Up 0.76 per cent. The Jakarta Composite Index gained 17.65 points to finish at 2,340.39.

“Bargain buying by foreign funds in consumer and banking stocks drove the main index higher despite profit-taking by locals,” a trader said.

KUALA LAMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 11.65 points to 1,190.39 after trading at intra-day low of 1,178.74. The key index had opened 1.51 points higher at 1,180.25 yesterday morning.

The FBMEmas surged 78.32 points to 8,026.55, the FBM Top 100 went up 75.40 points to 7,804.76, the FBM70 increased 72.45 points to 7,900.93 and the FBM Ace Index was 9.21 points higher at 4,141.38.

The Finance Index climbed 105.51 points to 9,632.20, the Industrial Index gained 21.23 points to 2,607.54 and the Plantation Index advanced 44.95 points to 5,832.89.

A total turnover of 708.738 million shares worth RM1.073 billion were transacted yesterday, up from Friday’s 609.163 million units worth RM1.075 billion.

WELLINGTON: Up 0.78 per cent. The NZX-50 rose 24.37 points to 3,122.69.

MUMBAI: Up 2.09 per cent. The 30-share Sensex rose 327.2 points to 16,016.32, a level last seen in June 2008.

VIETNAM:
Both stock trading floors opened the new week by another fall today Sep 7 because of a large volume of selling orders at low price against the decreasing demand power, marking the third slumping session of the two indexes with a sharp reduction in market liquidity.
The VN Index dipped 3.89 points, equal to 0.75 percent to close at 524.51 points with a total matching order trade of 59.66 million shares worth 2.558 billion dong, reducing by 23.83 percent in volume and 20.13 percent in value against the previous session.
Sharing the similar scenario, the HNX Index of the northern bourse dipped 2.19 points or 1.31 percent to 164.73 points with a total market trade of more than 27.969 million shares or over 967.95 billion dong in value, down 29.64 percent in volume and 30.52 percent in value in comparison with the previous session.

EUROPE:
LONDON: European shares closed higher yesterday, with British confectionery group Cadbury soaring 38 per cent following a STG10.2 billion (US$1 = RM3.52) bid approach from US company Kraft Foods.

The pan-European FTSEurofirst 300 index of top shares rose 1.4 per cent to 975.90 points, just 0.3 per cent away from an 11-month closing high.

In London, the FTSE 100 index of leading shares jumped 1.68 per cent to 4,933.18 points. In Paris, the CAC 40 gained 1.50 per cent to 3,652.83 points and in Frankfurt the DAX rose 1.47 per cent to 5,463.51 points

Benchmark Currency Rates
	USD	EUR	JPY	GBP	CHF	CAD	AUD	HKD
HKD	7.7504	11.1126	0.0834	12.663	7.3127	7.1863	6.6275	 
AUD	1.1694	1.6767	0.0126	1.9107	1.1034	1.0843	 	0.1509
CAD	1.0785	1.5464	0.0116	1.7621	1.0176	 	0.9222	0.1392
CHF	1.0599	1.5196	0.0114	1.7317	 	0.9827	0.9063	0.1367
GBP	0.6121	0.8776	0.0066	 	0.5775	0.5675	0.5234	0.079
JPY	92.95	133.272	 	151.866	87.7003	86.1845	79.4834	11.9929
EUR	0.6974	 	0.0075	1.1395	0.6581	0.6467	0.5964	0.09
USD	 	1.4338	0.0108	1.6338	0.9435	0.9272	0.8551	0.129
                                                         Bloomberg

 

Category: Stocks