SHANGHAI: Chinese stocks rose on Thursday and turnover in Shanghai A shares hit a two-month high, as second-tier industrial shares soared while financials slid once again on concern about monetary tightening.

The Shanghai Composite Index ended up a provisional 0.89 per cent at 5,319.861 points, less than two points off its intra-day high. Turnover in Shanghai A shares rose to a heavy 169.6 billion yuan ($23.3 billion), its highest level since mid-October, when the index was hitting its all-time peak.

http://economictimes.indiatimes.com/Global_Markets/China_shares_end_higher_as_turnover_expands/articleshow/2671421.cms

BSE drops by 120 points


SENSEX 20,345.20 -120.10 -0.59
MIDCAP 10,056.87 -2.07 -0.02
SMLCAP 13,896.71 -12.26 -0.09
BSE-500 8,746.04 -19.69 -0.22

Main European indices in red. Dow down 220 points yesterday. TSX up.
Dow futures down today.
Trouble in Nigeria pushed oil past $100 yesterday.

Despite the turmoil in Pakistan- the Karachi index was up 40% last year.In comparison BSE up 44%.
In Ukraine the stock market was up 135% last year.

http://news.xinhuanet.com/english/2008-01/03/content_7359913.htm

SHANGHAI, Jan. 3 (Xinhua) -- China's stock markets will have another good year in 2008, but corporate profit growth is likely to decelerate amid tightening measures, analysts said.

According to a report from Hua An Fund Management Co, Ltd., the trend of Chinese investors shifting their wealth into equities hasn't fundamentally changed. However, the report said, the profit growth of listed companies would slow to an estimated 35 percent in 2008 from around 55 percent last year, as the impact of monetary tightening and similar measures began to be felt.

In 2007, the benchmark Shanghai Composite Index hit a record high of 6,124 points on Oct. 16, compared with 2,675 points at the end of 2006. Shares edged up on the first trading day of 2008 on Wednesday, with stocks related to the Olympics as well as Beijing-based and consumption-related stocks recording gains of up to the 10 percent daily limit.

On Wednesday, the Shanghai Composite Index, which covers both A and B shares, was up 11.25 points or 0.21 percent, to close at 5,272.8 points. The Shenzhen Component Index on the smaller market climbed 155.53 points, or 0.88 percent, to stand at 17,856 points.

China's rapid economic growth in 2007 was accompanied by increasing inflation pressure. Soaring food prices drove the consumer price index (CPI) to an 11-year high of 6.9 percent in November.

The government has pledged to adopt tighter monetary policies and prudent fiscal policies to ensure structural adjustment and uniform economic development this year.

Hou Ning, an economic analyst, said the tight monetary policy would affect the stock market, but the impact would take time to materialize.

"The stock market has become a new platform for more and more Chinese citizens to share a chunk of the increasing wealth of the country," Hou said.

Last year, 447 billion yuan (61.2 billion U.S. dollars) was raised through initial public offerings (IPOs) on Shanghai's A-share market., which was 2.7 times the amount of 2006.

"The surge in IPO activity in China is a clear reflection of the growth in the Chinese economy and the confidence investors have about putting their money into China," said Gil Forer, global director of IPO Initiatives at Ernst & Young, a global professional services firm.

Forer said the IPO pipeline for 2008 looked healthy, especially across the emerging markets, despite ongoing market uncertainty. In China alone, some 330 billion yuan would be raised through A-share listings in Shanghai, according to a report by Ernst & Young.

Aaha! Freddie Mercury comes to mind- I wanna break free....

BSE smashes old record to close at 20689 -up 341.69 pints! (OK points- yaar!)

SENSEX 20,686.89 +341.69 +1.68
MIDCAP 10,113.06 +56.19 +0.56
SMLCAP 13,884.11 -12.60 -0.09
BSE-500 8,850.48 +104.44 +1.19

China slightly up

SHANGHAI, China — Chinese stocks rose Friday as investors bought gold miners, real estate developers and nonferrous metal makers.

The benchmark Shanghai Composite Index gained 0.8 percent to finish at 5,361.57 points. The Shenzhen Composite Index for China's smaller second market rose 0.9 percent to 1,508.64.

http://www.chron.com/disp/story.mpl/ap/fn/5427393.html

TSX traded above 14000 yesterday but closed below at 13978.20

Dow also posted modest gains.

FTSE up. Japan down 600 points. HK regains ground it lost yesterday up 600+ points.

The lowdown on China and HK is that they will rise to just before Chinese New Year, then people will pull out money for the New Year sinking it a bit and then back with a vengeance after New year to amaze the world!
Chins NY is just a few weeks away.

Gold up at record high(as if nobody knew)

Oil just below $100.

Silver at just below $16.

BSE opened with negative gap but quickly turned the tide and is up 125 points to a record high 20812.65

SENSEX 20,812.65 +125.76 +0.61
MIDCAP 10,102.23 -10.83 -0.11
SMLCAP 13,975.19 +91.08 +0.66
BSE-500 8,882.28 +31.80 +0.36

China up slightly to 5393.34++

BEIJING, Jan. 7 (Xinhua) -- Chinese share prices rose for the fourth consecutive day on Monday, with the benchmark Shanghai Composite Index gaining 31.77 points to close at 5,393.34, even though other markets in Asia fell.

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 18,376.96 points on Monday, up 254.55 points, or 1.40 percent.

The combined turnover of the two bourses rose to 249.23 billion yuan (34.2 billion U.S. dollars), up from 224.48 billion yuan on Friday.

http://news.xinhuanet.com/english/2008-01/07/content_7379610.htm

Main European indices up slightly

Dow and Nasdaq futures up marginally

HK down and Japan down as well to 14500. Japan's stock market is seeing hard times.

BSE cracks 21000!

Index Open High Low Current Value Previous Close Change(Pts) Change(%)
SENSEX 20,970.07 21,077.53 20,696.60 20,873.33 20,812.65 60.68 0.29

BSE opens at 20970, hits high of 21077.53 goes to low of 20696 and closes at 20873 - below its opening but above its close yesterday by 60.68 points.

SENSEX 20,873.33 +60.68 +0.29
MIDCAP 9,817.07 -285.16 -2.82
SMLCAP 13,516.13 -459.06 -3.28
BSE-500 8,799.86 -82.42 -0.93


Amazing!

China flat in red.

BEIJING, Jan. 8 (Xinhua) -- The up trend in Chinese share prices stopped on Tuesday, with the benchmark Shanghai Composite Index losing 6.81 points, or 0.13 percent over the previous trading day to close at 5,386.53 on Tuesday.

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 18,268.13 points Tuesday, down 108.83 points, or 0.59 percent, from the previous close.

The combined turnover of the two bourses rose to 282.69 billion yuan (38.73 billion U.S. dollars), up slightly from the 249.23 billion yuan on Monday


Japan flat in green, HK flat in red, Main European indices slightly up. Dow and Nasdaq futures up.
Gold at 870, Silver at 15.50. Oil down to about $95. Cand still below par with USD. Has lost ground agnst Euro in last 2-3 weeks- now at 1.47+

Man typical BSE- always likes to chance maro the resistance a few times before finally making the hit.

Closes flat in red losing 3.55 points.

SENSEX 20,869.78 -3.55 -0.02
MIDCAP 9,769.99 -47.08 -0.48
SMLCAP 13,369.95 -146.18 -1.08
BSE-500 8,778.98 -20.88 -0.24


Shanghai climbs 49 points to 5435

DAX, CAC and FTSE down after ending in green yesterday.
HK opened in red closes in green
Ditto Nikkei

Gold at 888- auspicious number for the Chinese. Even there is a China plaza at 888 Dundas street here in Miss.

Silver just a kiss away from $16

TSX was in green yesterday but closed in red.
The mighty Dow is getting hammered. Rumours that Countrywide Finance is going to file for Chap 11 bankruptcy abound though the company itself denies.
TD who claims it is sub-prime free is also rumoured to have some exposure.

Only time will tell.

BSE traded above 21000 today but closed down 287 points to close at 20582.08


Open High Low Current Value Previous Close Change(Pts) Change(%) 20,930.28 21,206.77 20,530.07 20,582.08 20,869.78 -287.70 -1.38

China up by 20.73 points to 5456.74

Main European indices in red slightly

Dow and Nasdaq futures down slightly.

HK and Japan lost ground. Japan seems to be going the way of the well known creek.