SJM Holdings Limited
HKG:0880 ISIN:HK0880043028
News
Monday Wall Street rose as higher commodities prices boosted energy and mining companies. The US markets also received support from positive consumer spending in February. Asian markets closed mixed yesterday. Chinese stocks rallied as China said it plans to launch the long expected stock-index future in April 16. Shanghai Composite jumped 2.1 per cent to a two month high, while Hong Kong's Hang Seng Index climbed 0.9 per cent. South Korea's Kospi Composite was 0.3 per cent lower. Japan's Nikkei 225 lost 0.1 per cent.
All major indices in Asia opened significantly higher as the US government's plan on bad debts fires up investors' sentiment. Some markets rose 3% or more on Monday and extended their strong rising streak today with financial stocks react the most.
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