Sign up | Log in




Shayne Heffernan

As we predicted yesterday stocks in Asia moved higher today after JP Morgan Chase & Co. increased the ratings on Japan big banks, copper prices skyrocketed following the earthquake in Chile, world’s largest producer of the metal.
Thailand was closed for a Public Holiday today, trading will resume Tuesday morning, despite a minor explosion at a bangkok Bank branch the troubles in relation to a Court ruling over the former Prime Ministers assets should be behind us and we expect the SET to post gains in Tuesdays trading.
Singapore’s index STI gained 0.8 percent to its highest close since Feb. 23.Singapore’s Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A the operator of two airports in Rome, for S$100 million ($71 million). Gemina’s Aeroporti di Roma owns the concession to operate Italy’s largest airport group, which comprised Leonardo da Vinci Airport and Giovan Battista Pastine Airport.
Both airports have a combined air passenger volume of 38.6 million in 2009, slightly higher than Changi’s 37.2 million passengers last year.
Malaysia rose 1 percent to a near five-week high.Malaysia’s economy grew 4.5 percent in the fourth quarter from a year earlier, faster than expected, fuelling speculation the central bank could raise rates as early as this week.
A Reuters poll last week showed nine of 12 economists expected a 25 basis point rate rise by May, with four saying it would come on March 4.
Vietnam has been the best performer so far this year in the region, rose about 1.2 percent to its highest since Feb.23. The Asia-Pacific light crude market rose on Monday after Vietnam sold a cargo of Song Doc crude for April loading at a higher premium.
Traders attributed the rise to low Minas APPI benchmark and a shortage of Vietnamese light sweet crude that oil majors need for their refining system in the Asia Pacific after Vietnam diverted Bach Ho crude to its Dung Quat refinery.
Philippines gained over 1 percent to hit its highest in more than five weeks.The Philippine central bank cut interest rates by a smaller-than-expected quarter percentage point amid worries a weak peso may drive up inflation, but said it was ready to boost market liquidity further to spur growth.
Analysts had expected the central bank to lower rates by 50 basis points despite data earlier on Thursday which showed annual inflation climbed to 7.3 percent in February, higher than market estimates and the first increase since August.
Indonesia edged up 0.2 percent.The future of two of Indonesia’s leading reformers, Finance Minister Sri Mulyani Indrawati and Vice President Boediono, may be decided this week after the release of a parliamentary probe into a bank bailout.

Stock market investors cheered Mukherjee raising the tax exemption limit for individuals and outlined plans to bolster farming expenditure. The main stock index ended up 1.08 percent, after rising more than 2 percent, propelled by autos and banks.
Hong Kong & China
Shares in Hong Kong and China ended at their highest in five weeks on Monday led by Chinese financial stocks on hopes China’s loose monetary policy will stay in place, while mining shares surged as copper prices leapt after a massive quake hit top producer Chile.
In Hong Kong, the benchmark Hang Seng Index .HSI ended up 2.17 percent or 448.23 points at 21,056.93, its highest close since Jan. 20.
China’s key stock index rose 1.18 percent on Monday to its highest close in five weeks, led by copper miners, as a sharper-than-expected slowdown in a business survey boosted expectations this month’s Chinese parliamentary session would reaffirm a relatively loose monetary policy.
The Shanghai Composite Index .SSEC ended at 3,087.842 points, its highest close since Jan. 25 and continuing a 2.1 percent rally in February, driven in part by bargain-hunting after the previous month’s 8.8 percent slide.

Asian Pacific Price Change (%) 1 Year %
Last Updated
Nikkei 225 Index
+46.03 (0.45%)
Mar 01, 12:00pm
ASX All Ordinaries
+43.80 (0.94%)
Mar 01, 12:00pm
Seoul Composite
+7.07 (0.45%)
Mar 01, 12:00pm
Hong Kong Hang Seng
+448.23 (2.17%)
Mar 01, 12:00pm
+35.90 (1.18%)
Mar 01, 12:00pm
Taiwan Weighted
+141.65 (1.90%)
Mar 01, 12:00pm
Singapore Straits Times
+23.20 (0.84%)
Mar 01, 12:00pm
Bombay Sensex Index
+175.35 (1.08%)
Mar 01, 12:00pm
Jakarta Composite
+5.64 (0.22%)
Mar 01, 12:00pm
Kuala Lumpur Composite
+12.62 (0.99%)
Mar 01, 12:00pm
PSE Composite
+33.99 (1.12%)
Mar 01, 12:00pm
Sri Lanka All Share
+17.44 (0.46%)
Mar 01, 12:00p


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand