Hong Kong: Stocks open higher

Hong Kong shares edged up in the first few minutes of trade Monday after a top Federal Reserve official talked up the US economy, while investors await a key speech by the central bank's head at the end of the week.

The Hang Seng Index added 0.18 per cent, or 40.28 points, to 22,977.50.

And the benchmark Shanghai Composite Index was flat, dipping 0.72 points to 3,107.38, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.03 per cent, or 0.65 points, to 2,045.35.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Won falls sharply, stocks dip

The South Korean won fell nearly 1 per cent on Friday, giving up gains from earlier in the week even as the dollar wallowed at close to twe-month lows.

The won stood at 1,116.7 as of 0217 GMT, compared to Thursday's close of 1,107.2.

"There is no special reason for the won's sharp fall. It seems like the investors are deciding to sell the currency just because they view the won isn't likeley to strengthen anymore,"said Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures.

On a weekly basis, the won was set to decline 1.2 per cent, snapping three consecutive weeks of gains.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Singapore shares open lower on Thursday; STI sheds 0.7%

SINGAPORE shares opened lower on Thursday, with the Straits Times Index (STI) shedding 0.7 per cent or 20.48 points to 2,921.01 as at 9.03am.

Losers outnumbered gainers 83 to 42, or about two to one, after 98.9 million shares worth S$67.9 million had changed hands.


Offshore contractor Vallianz Holdings was an early mover, dropping 44.4 per cent or 1.6 Singapore cents to trade at two Singapore cents on the back of 13.6 million traded shares. The company announced late on Wednesday that non-executive chairman Raymond Goh had resigned for health reasons. Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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AirAsia Market News Update : Epic Research Singapore

Indonesia sent divers into the water on Sunday to examine wreckage from AirAsia Flight 8501, but operations slowed overall, with the weather allowing divers to enter the water only briefly.

A week after the Airbus A320 crashed into the Java Sea with 162 people aboard, Indonesia’s search-and-rescue agency said Sunday that sonar imaging revealed a fifth large object in a search area off the southwest coast of Borneo, measuring nearly 10 meters (about 32 feet) in length. The agency said Saturday that it had found four main parts of the jetliner, with the largest measuring about 18 meters, on the seafloor. Divers haven’t made contact with that wreckage.

A total of 34 bodies had been recovered as of Sunday evening, and all had been sent to Surabaya, a port city on Java island where the flight originated, Soelistyo told reporters in Jakarta. But operations slowed overall on Sunday, with the weather allowing divers to enter the water only briefly.


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AirAsia Market News Update : Epic Research Singapore

Shares in AirAsia fell 11.6 per cent after one of its aircraft went missing in bad weather on Sunday on its way to Singapore from the Indonesian city of Surabaya.

Shares of the Malaysia-based budget airline fell at the start of trade on Monday, after Indonesia resumed its search for the missing jetliner QZ8501 at first light on Monday.

AirAsia fell as much as 12.9 per cent to 2.56 ringgit at 0102 GMT, its lowest point since Nov 28. The stock has gained 21.4 per cent since the beginning of the year.

Indonesia AirAsia is 49 per cent owned by Malaysia-based budget carrier AirAsia, with local investors holding the rest. The AirAsia group, including affiliates in Thailand, the Philippines and India, has not had a crash since its Malaysian operations began in 2002.

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AirAsia Market News Update : Epic Research Singapore

Indonesia searched the Java Sea on Monday for an AirAsia plane carrying 162 people that went missing after its pilot failed to gain permission to alter course to avoid a storm cell during a flight from Indonesian city of Surabaya to Singapore.

Flight QZ8501 did not issue a distress signal and disappeared five minutes after requesting a change of course on Sunday, said government and transport officials.

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AirAsia Market News Update : Epic Research Singapore

AirAsia's 4th update on QZ8501

The following is AirAsia's latest press statement (as at 11.45pm, Dec 28) on behalf of AirAsia Indonesia, on AirAsia Indonesia flight QZ8501.

Earlier in Surabaya, the management of AirAsia along with the Governor of East Java, National Search and Rescue Agency of Republic of Indonesia (BASARNAS), Airport Authority of Indonesia, Airport Operator (Angkasa Pura I) met with the members of the families to update them on the latest developments and reconfirmed their commitment to providing assistance in every possible way.

Sunu Widyatmoko, CEO of AirAsia Indonesia said, "We are deeply shocked and saddened by this incident. We are cooperating with the relevant authorities to the fullest extent to determine the cause of this incident. In the meantime, our main priority is keeping the families of our passengers and colleagues informed on the latest developments."

"We will do everything possible to support them as the investigation continues and have already mobilized a support team to help take care of their immediate needs, including accommodation and travel arrangements. A briefing center has also been set up in Surabaya for the families."

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AirAsia Market News Update : Epic Research Singapore

Indonesia resumed at dawn Monday the search for an AirAsia plane that went missing in the Java Sea with 162 people on board, a search and rescue official said.

"We have resumed the search for the missing AirAsia plane at 6:00 am. We are heading to east Belitung island," Tatang Zainuddin, deputy operations chief of Indonesia's National Search and Rescue Agency (Basarnas) told AFP.

The Airbus A320-200 disappeared en route from Surabaya in Indonesia's east Java to Singapore after the crew requested a change of flight plan due to stormy weather, in the third crisis for a Malaysian carrier this year.

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AirAsia Market News Update : Epic Research Singapore

TWO Singapore planes will set off early on Monday morning to assist with the continuing search for Flight QZ8501, the Indonesia AirAsia aircraft which has gone missing.

In a joint statement, the Singapore Transport Ministry and the Civil Aviation Authority of Singapore (CAAS) said the CAAS will also be sending an officer to the Indonesian National Search and Rescue Agency in Jakarta to help in the coordination of the search operations.

On Sunday morning, the Singapore Rescue Coordination Centre (SRCC) - managed by CAAS and supported by various agencies, including the Republic of Singapore Air Force (RSAF) and the Republic of Singapore Navy (RSN) - had offered assistance to BASARNAS, the Indonesian National Search and Rescue Agency.

The SRCC had offered planes and ships to assist in the search and received confirmation from the Indonesian authorities in the afternoon on the acceptance of the offer. The SRCC then launched a C130 aircraft for the search on Sunday.

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AirAsia Market News Update : Epic Research Singapore

AirAsia flight carrying 162 people goes missing in Southeast Asia: officials

Indonesia's air force was searching for an AirAsia plane carrying 162 people that went missing on Sunday after the pilots asked to change course to avoid bad weather during a flight from the Indonesian city of Surabaya to Singapore.

Indonesia AirAsia Flight QZ8501, an Airbus 320-200, lost contact with Jakarta air traffic control at 6:17 am. (2317 GMT), officials said. "The aircraft was on the submitted flight plan route and was requesting deviation due to enroute weather before communication with the aircraft was lost," the airline said in a statement.

No distress signal had been sent, said Joko Muryo Atmodjo, air transportation director at Indonesia's transport ministry.

Indonesia AirAsia said there were 155 passengers and seven crew on board. It said 156 were Indonesian, with three from South Korea and one each from Singapore, Malaysia and France.

Both neighboring Singapore and Malaysia had offered to help in the search, officials said.

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