Auto Parts & Equipment

Asian Markets Overview of March 2

🕔3/2/2009 3:00:10 PM

On Friday Asian markets closed mixed in a volatile trading session. Japan's Nikkei 225 Average climbed 1.5%, while South Korea's Kospi rose 0.8%. China's Shanghai Composite was down 1.8% and Hong Kong's Hang Seng Index fell 0.7%. Tokyo stocks slid more than 3 percent on Monday after the news that U.S. government will take a large stake in Citigroup. South Korean stocks also made a weak start today, weighed down by the deepening financial jitters and the weakening local currency.

Read Full Article▸

Asian Market Overview of February 26

🕔2/26/2009 3:00:00 PM

Asian markets ended higher on Wednesday. Tokyo stocks jumped 2.7% as yen's weakness boosted the Japanese exporters. South Korea and China markets delivered a modest rise of 0.3% each. Hong Kong's Hang Seng surged 1.6%.

Read Full Article▸

Asian Markets Overview of February 20

🕔2/20/2009 3:00:54 PM

Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.

Read Full Article▸

Australian Market Report of February 19: Further Drop Ahead

🕔2/19/2009 1:00:35 PM

Yesterday the Australian stocks closed lower on all sectors. The benchmark S&P/ASX200 lost 51.1 points, or 1.48 per cent, at 3,413.2, while the broader All Ordinaries dropped 45.3 points, or 1.33 per cent, to 3,366.9. The local market has fell 4.1% so far this week, and the shares may see a further drop after base metal and oil prices lower.

Read Full Article▸

Australian Market Report of February 16: Not About A Quick Recovery

🕔2/16/2009 1:00:41 PM

Last Friday Australian shares ended higher, capping a winning week after reports that the US government was working on a program to help troubled US home owners. The benchmark S&P/ASX200 rose 44.8 points, or 1.27 per cent, at 3,559.1, while the broader All Ordinaries gained 38.2 points, or 1.1 per cent to 3,496.7. The Obama administration's seeking to lower expectations of a quick fix to the financial crisis and the coming earnings reports may send the market to a negative territory.

Read Full Article▸

Australian Market Report of February 13: Concerning US and Australia's Stimulus Plans

🕔2/13/2009 1:00:29 PM

Yesterday the Aussie market ended higher amid expectations debt-laden Rio Tinto would announce the A$30 billion deal with Chinese steelmaker Chinalco. The benchmark S&P/ASX200 was up 39.9 points, or 1.15 per cent, at 3,514.3, while the broader All Ordinaries rose 40.4 points, or 1.18 per cent, to 3,458.5. Today investors will also be looking to the proceeding of government's A42$ billion economic stimulus package as Parliament will debate a new version after the Senate rejected the government's first proposed plan.

Read Full Article▸

Asian Markets Overview of January 27

🕔1/27/2009 3:00:30 PM

Asian markets were broadly weaker yesterday, with the battered Japanese Nikkei losing almost 1 per cent to close at 7682.1 points. A number of major markets including China, Hong Kong, Taiwan, Korea and Singapore are closed for Lunar New Year holiday.

Read Full Article▸