Showing posts with label Singapore news. Show all posts
Showing posts with label Singapore news. Show all posts

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Tuesday, September 13, 2016

Australia: Shares rebound on Fed Governor's dovish comments

Australian shares rebounded on Tuesday, boosted by materials and healthcare, after Federal Reserve Board Governor Lael Brainard's comments on the US economy strengthened the view that the central bank would leave interest rates unchanged next week.

Ms Brainard said she wanted to see a stronger trend in US consumer spending and evidence of rising inflation before the Fed raises rates, reducing prospects of a near-term interest rate hike.

The dollar was nursing losses against its peers after Brainard reiterated her dovish views.

"The rally that we saw in US trading after those (Brainard's) comments is one of the reasons why we are seeing such a positive performance today across the Asia-Pacific region," said Michael McCarthy, chief market strategist with CMC Markets.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

Taiwan: Stocks hit near two-month lows

Taiwan stocks hit their lowest in almost two months on Tuesday in volatile trading, tracking declines in some other regional markets, with a recovery in some heavyweights such as TSMC limiting the falls.

The main Taiex index was down 0.14 per cent at 8934.51 at 0315 GMT. It had dipped to as low as 8,885.55 earlier in the session, an intraday level not seen since July 15.

Taiwan's market sentiment has been cautious, in part prompted by massive foreign selling. The electronics subindex sank 0.3 per cent, while the financials subindex lost 0.7 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker and the market's most heavily-weighted share, dipped nearly 1 per cent but recovered later.

The Taiwan dollar firmed NT$0.091 to NT$31.625 per US dollar.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

Seoul: Won, stocks recover as Fed Sept hike talk ebbs

The South Korean won and shares rebounded early on Tuesday after US Federal Reserve Governor Lael Brainard's comments made it more likely that the Fed will stand pat in September.

The won stood at 1,109.5 as of 0203 GMT, up 0.4 per cent compared with Monday's close of 1,113.5.

The Korea Composite Stock Price Index (Kospi) was up 0.6 per cent at 2,003.54 points.

"If the Fed ends up keeping its rates unchanged for September, the won will be kept at its current level which is at around 1,100," said June Park, a foreign exchange analyst at Daishin Economic Research Institute.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

Hong Kong, Shanghai: Stocks open higher

HONG KONG Shares rallied in Hong Kong Tuesday morning after a top Federal Reserve official tempered comments from two colleagues on the possibility of a US rate hike this month.

The Hang Seng Index added 1.17 per cent, or 273.53 points, to 23,564.13.

And the benchmark Shanghai Composite Index added 0.10 per cent, or 3.05 points, to 3,025.03 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.54 per cent, or 10.71 points, to 1,987.77.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

Singapore shares open 1.37% lower on Tuesday

A STEEP Wall Street rebound overnight on dovish Federal Reserve comments failed to bring cheer to the Singapore stock market when it started trading on Tuesday, after a one-day public holiday.

At 9.02am, the benchmark Straits Times Index was down 39.47 points or 1.37 per cent at 2,833.86.

Some 92.4 million shares worth S$99.6 million were traded, with losers outpacing gainers 151 to 34.

Elsewhere in Asia, stocks joined the US equity rebound in the morning trading on the back of a continued dovish tone from Fed policymaker Lael Brainard in her approach to US monetary policy. This followed a sell-off on Monday stoked by rising bond yields and talk that US rates might rise as early as next week.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

Stocks to watch: GLP, CWT, Vard, ISDN, AusGroup

STOCKS to watch on Tuesday include:
Global Logistic Properties (GLP): The second-largest owner of US industrial real estate agreed to buy US$1.1 billion of warehouses from Hillwood Development Co. It expects to complete a US$700 million deal for fully leased properties in December, the company said. On Monday, GLP also said it will develop a 27,000-square-metre modern logistics property in Osaka at a development cost of around five billion yen (S$66.8 million).

CWT: The logistics company said a subsidiary under its financial services arm, Straits Financial Group, has been granted the full capital market services licence for trading in futures contracts by the central bank.

This allows the subsidiary, Straits Financial Services Pte Ltd (SFSPL), to offer a full and complete suite of financial and commodity derivatives, including centrally cleared over-the-counter contracts and contracts-for-differences. SFSPL will also be able to expand its customer base beyond the "accredited investors" and "corporate expert investors" category.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

Friday, September 9, 2016

Singapore dollar forwards drop as traders see MAS policy on hold

The currency market has shifted to signal expectations the Monetary Authority of Singapore will refrain from easing next month, with a measure of the local dollar's potential direction sliding to a four-year low.

Six-month forwards stumbled to minus 15.64 points on Thursday, the least since July 2012, data compiled by Bloomberg show. The rate touched 32.23 points on June 28, days after the UK vote to exit the European Union caused a global financial rout.

Futures contracts show the likelihood for the US Federal Reserve to raise interest rates at the Sept 20-21 meeting has gone down to 22 per cent after recent disappointing US economic data.

"The market is not looking at Singapore dollar depreciation at this point because of what's happening in the US," said Irene Cheung, a foreign-exchange strategist at Australia & New Zealand Banking Group Ltd in Singapore.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

Thursday, September 8, 2016

Taiwan: Stocks flat, hover at 14-month highs

Taiwan stocks stayed flat near 14-month highs on Thursday, in line with other overseas markets, with TSMC and other suppliers of Apple Inc remaining little changed following the launch of new iPhones.

As of 0343 GMT, the main Taiex index was up 7 points at 9,266.63, after hitting its highest intraday level in 14 months in the prior session.

The electronics subindex was nearly flat, while the financials subindex gained 0.2 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), an Apple supplier and the world's biggest contract chip maker, was trading flat.

The Taiwan dollar softened NT$0.043 to NT$31.283 per US dollar.

Asian shares held within one-year peaks on Thursday as Chinese trade data topped forecasts and imports recorded their first annual rise since late 2014.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

Seoul: Won edges down on government warnings, stocks flat

The South Korean won eased on Thursday as traders grew cautious about prospects for further gains after the government issued verbal warnings about the market's moves for the second day in a row.

The won was quoted at 1,093.8 as of 0159 GMT, down 0.4 per cent from Wednesday's close of 1,090.0.

Foreign exchange authorities said the won has been more volatile than other Asian currencies and that they are watching the situation very closely.

"Some bargain hunters are coming in at the 1,090 level, bringing additional pressure on the won," said Jeong My Young, a foreign exchange analyst at Samsung Futures.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

Singapore shares open little changed on Thursday

SINGAPORE shares opened almost flat on Thursday, with the Straits Times Index down by 1.61 points or 0.06 per cent to 2,892.04 points as at 9.01 am, after US stocks ended little changed on Wednesday.

The Dow Jones Industrial Average was down 11.98 points or 0.06 per cent to 18,526.14, but the Nasdaq Composite added 8.02 points or 0.15 per cent to a record close.

Trade on Wall Street large caps has been light ahead of the Federal Reserve rate hike decision and the US presidential election in November.

Recent economic data including last Friday's weaker-than-expected jobs report suggest the Federal Reserve could hold off the rate hike for now although expectations are that the tightening may still happen later this year.

Some 46 million shares worth S$69.5 million changed hands, with gainers outnumbering losers 70 to 53.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

Stocks to watch: TEE, Keppel, Marco Polo Marine

THE following listed companies made material announcements before the opening of the Singapore market on Thursday:

TEE International, together with its subsidiaries and associated companies, was awarded new engineering contracts worth about S$95 million from August to September 2016, bringing the group's total outstanding order book to about S$324 million.

Keppel Corp's property arm, Keppel Land, on Wednesday said that it has signed a conditional joint venture agreement with Myanmar conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City.

Marco Polo Marine on Wednesday said that it has appointed KPMG Services as adviser to the group to conduct an independent review, in view of the upcoming maturity date of its notes on Oct 18.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

Wednesday, September 7, 2016

Australia shares up, aided by solid GDP data; NZ hits a record

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Australian shares rose on Wednesday, tracking Wall Street, while data at home showing the economy last quarter expanded at its fastest annual pace in four years helped buoy sentiment.

The S&P/ASX 200 index was 10.8 points, or 0.2 per cent, higher at 5,424.4 at 0307 GMT.

The benchmark gained as much as 0.5 per cent after the Australian Bureau of Statistics reported gross domestic product (GDP) in April-June rose 3.3 per cent from a year earlier, just short of market forecasts but up from around 2.9 per cent in the previous quarter.

On Tuesday, the benchmark lost 0.3 per cent after the country's central bank held interest rates at a record low as expected, but provided no clues for future easing.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

Hong Kong, Shanghai: Stocks flat in opening trade

Hong Kong stocks opened flat Wednesday as investors took a breather after four days of gains while a surprisingly weak reading on the US services sector further doused expectations for an interest rate hike.

The Hang Seng Index edged up 10.07 points to 23,797.75.

The benchmark Shanghai Composite Index was also barely moved, ticking up 0.62 points to 3,091.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, inched down 0.01 points to 2,048.18.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

Stocks to watch: CapitaLand Mall Trust, Rickmers, SGX, China Minzhong Food

THE following companies made material announcements before the opening of Wednesday's market:

CapitaLand Mall Trust said that the new Funan mall, when ready in the fourth quarter of 2019, will be a platform that "inspires retail innovation" and offers a "new paradigm" for living, work and play.

Funan will go beyond selling IT products to "incorporating the tech experience throughout the entire integrated development".

The new property will have a total gross floor area (GFA) of 887,000 sq ft. Occupying more than half the GFA at 500,000 sq ft will be the mall, a six-storey retail component which comprises four levels above ground and two basement levels. Three towers will sit above, including two six-storey premium Grade A office towers from Level 5 to Level 10 with a GFA of 266,000 sq ft, and a nine-storey block housing 279 co-living apartment units from Level 4 to Level 12 with a GFA of 121,000 sq ft.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

Singapore shares open 0.4% higher on Wednesday after firmer Wall Street

SINGAPORE stocks opened 0.41 per cent higher on Wednesday, with the Straits Times Index adding 11.74 points to 2,908.29 as at 9.01am.

Nasdaq hit a fresh record, jumping 0.5 per cent to 5,275.91 points on Tuesday, up about 14 points from the last record set on Aug 15.The Dow Jones Industrial Average added 0.3 per cent to 18,538.12, while the broad-based S&P 500 rose 0.3 per cent to 2,186.48. Lacklustre US economic data reportedly boosted confidence that the Federal Reserve will continue to keep interest rates low.

In Singapore, about 73.7 million shares worth S$56.1 million in total changed hands. Gainers beat losers 80 to 35.

Top stocks by value traded were DBS, SGX and Singtel.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

Tuesday, September 6, 2016

Seoul: Stocks, won hold steady; Hanjin Shipping rallies

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South Korean stocks and won held steady on Tuesday, with early trade in equities dominated by a jump in shares of Hanjin Shipping Co Ltd after the government stepped in with partial financial support for the collapsed carrier.

The Korea Composite Stock Price Index (Kospi) was almost unchanged at 2,060.24 points as of 0204 GMT, after rising the previous day on reduced chance of a September rate increase in the United States following disappointing jobs data.

The won stood at 1,106.6, little changed from Monday's close of 1,105.1.

"Outside issues have pretty much calmed down for now. Therefore, fundamentals in the South Korean market such as signs of economic recovery would be the key for the Kospi's next movement," said Cho Byung-hyun, a stock analyst at Yuanta Securities.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

Australia: Shares edge down before central bank meeting; NZ flat

Australian shares edged lower on Tuesday, led by losses in the financial sector as markets were largely resigned to the prospect of the Reserve Bank of Australia keeping rates steady at its policy meeting later in the day.

The S&P/ASX 200 index was down 20.68 points, or 0.4 per cent, at 5408.8 by 0240 GMT, pulling back slightly from a 1.1 per cent gain on Monday.

"The market is marking time to see the results from the Reserve Bank," said James McGlew, executive director of corporate stockbroking at Argonaut.

"The chance of another rate cut is very slim indeed. I think the markets would be very surprised if there is a rate cut today."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

Taiwan: Stocks up with some overseas markets, foreign buying

Taiwan stocks rose on Tuesday tracking gains in some overseas markets and supported by foreign investors buying shares.

As of 0158 GMT, the main Taiex index rose 0.6 per cent to 9,144.96, after closing up 1.1 in the previous session.

The electronics subindex rose 0.9 per cent, while the financials subindex gained 0.2 per cent.

Tech component makers were among actively traded stocks. Optical storage device maker Ritek was up 2.1 per cent, while printed circuit board maker Compeq was 3.5 per cent higher.

Foreign investors have net purchased local shares so far in September, adding to their net buying for the past three months in a row.

The purchases have strengthened the Taiwan dollar to levels not seen since mid-August.

The Taiwan dollar firmed NT$0.092 to NT$31.414 per US dollar.

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

Singapore shares open marginally higher on Tuesday

SINGAPORE stocks opened 0.23 per cent higher on Tuesday, with the Straits Times Index adding 6.51 points to 2,858.25 as at 9am.

Wall Street was closed on Monday for the Labour Day holiday. Trading on US markets will resume on Tuesday.

In Singapore, about 41 million shares worth S$65.6 million in total changed hands. Gainers beat losers 61 to 40.

Top stocks by value traded were StarHub, Global Logistic and SGX.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