holyangel Posted April 14, 2012 Share Posted April 14, 2012 There are a lot of country in Asia some of them are really strong economic country, like Japan and China. Beside thats also singapore (known cause by their bank system) and also hongkong and korean. Thats why we also need to know about asian fundamental especially when we trade in asian time, during opening Japan Market until opening Euro zone market. Quote Link to comment Share on other sites More sharing options...
holyangel Posted April 14, 2012 Author Share Posted April 14, 2012 Japan News Japanese stocks rose, with the Nikkei 225 Average rose to its highest in two weeks after the failure of North Korea's rocket launch and Fast Retailing Co. predicted record profits. But perkrecil stocks gain after the release of the data of China's economic growth was slower than expected Nikkei 225 index ended up 1.2 percent at 9,637.99 at the close of trading positions in Tokyo; cover declined by 0.5 percent this week. The broader Topix index rose 0.7 percent at 815.48, with Mitsubishi UFJ Financial Group Inc the biggest contribution to profits from the index after a unit of Japan's largest bank said the fund manager wants to invest in the U.S.. Nikkei 225 index has risen 14 percent this year amid signs of U.S. economic recovery and easing of monetary policy around the world, including the Bank of Japan is memperpanjanga asset purchase program. Stocks extended gains yesterday after the central bank governor, Masaaki Shirakawa pledged to continue to add monetary stimulus. Quote Link to comment Share on other sites More sharing options...
ngocanhno110265 Posted May 24, 2013 Share Posted May 24, 2013 Kuroda Struggles With Communication as Japan Rates Rise: Economy Haruhiko Kuroda may need to talk his way out of a paradox he helped create. Installed as Bank of Japan chief in March, Kuroda aims to unlock borrowing and spending by lifting inflation expectations and wages after 15 years of deflation. Market volatility partly triggered by the BOJ’s record bond-buying now threatens to sap business and consumer confidence and weaken the campaign to reflate the world’s third-biggest economy. Kuroda today said he’ll keep strengthening communication with the market. At a press briefing on May 22, Kuroda said that gains in yields could be expected as the economy improved, after saying previously that the central bank aimed to lower interest rates. The BOJ pumped 2 trillion yen ($19.4 billion) into the financial system yesterday as bond yields rose, its second such market-calming infusion this month. The move didn’t avert the biggest stock slump in two years. “Kuroda must be feeling the difficulty of communications with the market,” Masayuki Kichikawa, chief Japan economist at Bank of America Corp. in Tokyo, said yesterday. Investors wanted “stronger comments from the BOJ on not allowing yields to rise and more specifics on how the BOJ will address volatility in the bond market. Kuroda will have to tone up his rhetoric. This is the hardest part of unprecedented massive easing. You can’t only think about inflation and the economy. You have to take care of the massive bond market.” Stock Tumble The Topix index of shares rose 2.7 percent as of 12:44 p.m. local time, after a 6.9 percent slump yesterday that was the biggest decline since the March 2011 earthquake and tsunami. Ten-year bond yields were at 0.847 percent after yesterday touching a one-year high of 1 percent. The yen weakened 0.2 percent against the dollar to 102.23. On May 22, Kuroda said the BOJ wanted to avoid “excessive volatility” in the debt market. Speaking at a conference in Tokyo today, he reiterated that sentiment, and said he wants to stabilize bond trading with flexible BOJ operations. He also said the central bank has announced sufficient monetary easing. “Such double talk makes us feel that Mr. Kuroda does not really understand what he is doing,” said Takuji Okubo, chief economist at Japan Macro Advisors in Tokyo, formerly of Goldman Sachs Group Inc. “If he thought that interest rates would rise if his policy succeeds, why did he say his policy would lower interest rates?” Economy Minister Akira Amari yesterday warned against panic after the share market decline and a jump in the yen, saying that the economy is “recovering soundly.” Even after the stock sell-off, the Topix, Japan’s broadest share measure, remained up 38 percent for the year. source: Bloomberg.com Quote Link to comment Share on other sites More sharing options...
ngocanhno110265 Posted May 24, 2013 Share Posted May 24, 2013 Hedge fund said: Despite 'Promises', Japanese Market Chaos Continues UPDATE 1: Japanese stocks turned negative (NKY -600pts from highs, -1.5% on day; and TOPIX down over 4% from highs); Japanese banks -11% from yesterday highs; S&P futures down 10 points from after-hours highs... UPDATE 2: *KURODA WANTS TO AVOID INCREASING VOLATILITY IN BOND MARKET (yeah thanks... as useful as saying "we all want to avoid syphilis") For the second day in a row, and in spite of comments from Abe and Kuroda on communicating with the market (as Kuroda says BoJ Monetary easing sufficient), Japanese capital markets are out of control. JPY, after weakening 150 pips from early this morning and breaking back over 102.50 has just given 100 pips back in matter of minutes and is now trading stronger vs the USD on the Japanese session. Japanese stocks have cliff-dived with the NKY dropping 400 points in minutes and TOPIX over 1.5%. JGB futures (prices not yields) have surged back higher to trade unchanged on the day as the correlation we noted earlier - and believe is now critical - has held between an out of control bond market and any further sustainable gains in stocks. This is not good... as if the JPY carry trade implodes (driven quite simply by a total lack of reward-to-risk given the volatility in the carry currency and loan rates themselves) then what happens to all the levered longs in European peripheral bonds and any number of the 'most-shorted' companies in the US... http://www.zerohedge.com/news/2013-05-24/despite-promises-japanese-market-chaos-continues Quote Link to comment Share on other sites More sharing options...
ngocanhno110265 Posted May 24, 2013 Share Posted May 24, 2013 Japan stocks rebound from overnight collapse as yen-sellers resurface conomic Data - (NZ) NEW ZEALAND APR TRADE BALANCE (NZ$): 157M V 515ME (3-month low); EXPORTS: 3.95B V 4.06BE; IMPORTS: 3.80B V 3.60BE - (PH) PHILIPPINES MAR TRADE BALANCE: -$593M V -$967M PRIOR; TOTAL IMPORTS: $4.9B V $4.7B PRIOR; TOTAL IMPORTS: -8.4% V -5.8% Y/Y Markets Snapshot (as of 02:30 GMT) - Nikkei225 +2.9% - S&P/ASX -1.3% - Kospi +0.1% - Shanghai Composite +0.3% - Hang Seng flat - Jun S&P500 +0.2% at 1,653 - Jun gold +0.1% at $1,393/oz - Jul crude oil flat at $94.25/brl Observations/Insights - Outsized losses in Tokyo equities are being corrected in the final session of the week as traders swooped in to put a floor under the free-fall in the yen pairs overnight. Yen selling has returned amid the prevailing sentiment of USD-bullishness, pushing USD/JPY back above the ¥102 handle after falling below ¥101 during the volatile European session. Risk aversion has subsided after a panicky US start, with the calm carried over into the Asian hours that is fairly devoid of notable economic data. Japan's cabinet officials as well as BOJ Gov Kuroda smoothed over concerns, reiterating the JGB and equity markets are being closely watched, and the primary policymakers focus is beating deflation. Note the 10-yr JGB yield, which fell over 15bps from overnight 1% highs after the BOJ liquidity injection, is back in high 0.80%'s. Market focus turns to the IFO data out of Germany in the early European session as well as the leading durable goods indicator out of the US at 8:30amET, with consensus looking for a recovery from two consecutive months of underwhelming results on both measures. Fixed Income/Commodities - USD/CNY: (CN) PBoC sets yuan mid point at 6.1867 v 6.1340 prior close (record high setting for yuan) - JGB: 10-year JGB yield rises 4.5bps to 0.88% - (JP) Societe Generale analyst: Long-term JGB yields may still rise to 1.4% by the end of 2013; Inflationary monetary policy makes rates susceptible to upward pressure - Nikkei News - GLD: SPDR Gold Trust ETF daily holdings fall by 1.5 tons to 1,018.6 ton (lowest since 1,008.8 tons in Feb of 2009) - (US) Weekly Fed Balance Sheet Assets Week ending May 22nd: $3.356T (**record high) v $3.311T prior; M1: +$3.3B v -$57B prior; M2: +$12.7B v +$5.2B prior Speakers/Political/In the Papers - (JP) BOJ gov Kuroda: Reiterates no particular targets for equities and forex; Wants to avoid volatility in bond market as much as possible - (JP) Japan PM Abe: declines to comment on equities market movement; Govt finances are in very dire situation - (JP) Japan Chief Cabinet Sec Suga: no comment on stock moves - (JP) Japan Econ Min Amari: not worried about Thursday stock moves; Govt is mapping out details for a fiscal reform plan - (JP) Japan Fin Min Aso: No comment on recent volatility in FX, JGB, and equity markets - (KR) Bank of Korea (BOK) Gov Kim: US exit from QE may affect other economies - (AU) Australia PM Gillard: Australia has strong fundamentals, but economy is in transition; Resources jobs to decline - (EU) ECB's Draghi: Eurozone is a more stable union than it was a year ago; Seeing signs of tangible improvement in lending and financial conditions; Encouraged by progress and preparations made by France and Germany on giving up the necessary degree of sovereignty - (DE) German Finance Ministry monthly report: Apr tax Rev rose 0.4% y/y; Federal govt revenue fell 2.8%; States' Rev rose 3.3% y/y - financial press Equities - Hyundai Motor 005380.KR: Follow-up: Reach agreement to resume weekend production starting with the end of this week - Korean press - RIO: To cut 100 jobs at its Kennecott mine due to recent landslides - financial press - China Southern 1055.HK: Follow-up: To receive China's first Dreamliner in June - Shanghai Daily - Hon Hai 2317.TW: May be selected by Apple to assemble Macs in Texas - Taiwan press - Seven & I 3382.JP: Seven-Eleven Japan to raise its sales target for freshly brewed coffee by 40% in current FY - Nikkei News - Nippon Steel 5401.JP: Finalizing partnership plans with J-Power to build a coal-fired power plant in Ibaraki Prefecture - Nikkei News - Aozora 8304.JP: To name former Fin Min Fukuda as chairman to help boost partnerships with regional lenders to expand small/midsize business operations - Nikkei News - Obayashi 1802.JP: Awarded ¥32.9B contract to build office buildings and housing towers in the old center of Doha, Qatar - Nikkei News - PG: A.G. Lafley Rejoins Procter & Gamble as Chairman, President and CEO; Affirms Q4 and FY13 guidance - SHLD: Reports Q1 -$1.29 v -$0.51 y/y, R$8.5B v $9.3B y/y; -12.3% afterhours - MRVL: Reports Q1 $0.19 v $0.14e, R$734M v $721Me; +6.5% afterhours - CRM: Reports Q1 $0.10 v $0.11e, R$893M v $887Me; -5.9% afterhours - P: Reports Q1 -$0.10 v -$0.11e, R$125.5M v $123Me; +8.2% afterhours - GPS: Reports Q1 $0.71 v $0.68e, R$3.73B v $3.71Be; -2.2% afterhours Quote Link to comment Share on other sites More sharing options...
ngocanhno110265 Posted May 24, 2013 Share Posted May 24, 2013 Yen Rises Versus Peers as Japan’s Stocks Fall; Dollar Advances The yen rose against all major peers as stocks reversed an earlier advance and Bank of Japan Governor Haruhiko Kuroda said the central bank had announced sufficient monetary easing. The dollar strengthened versus most of its counterparts before U.S. data that economists say will show durable goods orders and consumer confidence rose, backing the case for the Federal Reserve to slow stimulus. Markets in Singapore are shut today for a national holiday, and those in the U.S. and U.K. will be closed on May 27. “Investors have bought both Japanese stocks and dollar-yen, so when the equities are sold, the pair is susceptible to a drop,” said Hiroshi Yoshida, a senior portfolio manager in Tokyo at MassMutual Life Insurance Co. “Position adjustments are more likely before the three-day holiday.” The yen climbed 0.8 percent to 101.23 per dollar as of 1:40 p.m. in Tokyo, adding to a 1.1 percent gain yesterday. It jumped 0.8 percent to 130.85 per euro. The dollar was little changed at $1.2930 per euro. Japan’s Nikkei 225 Stock Average erased an earlier advance of as much as 3.6 percent, sliding 2.5 percent. It tumbled 7.3 percent yesterday, the most since the aftermath of the March 2011 earthquake and tsunami. SOURCE: bloomberg.com Quote Link to comment Share on other sites More sharing options...
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