123jump.com Staff
07 Jan, 2008
New York City
In Hong Kong trading Hang Seng dropped 1.2% or 340.20 to 27,179.49, while the China Enterprises index of H shares declined 2% or 312.66 to 15,590.74.Daily turnover on the main board was recorded at HK$113.5 billion compared to HK$99.8 billion on January 4.Construction companies stocks rose on the hope that the interest rates will be lowered in the U.S. at the end of this month.
123jump.com Staff
07 Jan, 2008
New York City
Stocks in Japan declined as investors worried that the U.S. economy may slow down considerably. The U.S. market averages tumbled on Friday after the release of employment report. Today Nikkei 225 dropped 1.3% and broaer Topix index lost 1.4% and closed below 1,400 for the first time in two years. Copper prices fell 0.9%, nickel slipped 2.6% and zinc tumbled 3.1%. Nippon Mining Holdings declined 1.34%, Sumitomo Metal Industries edged down 1% and Nippon Steel shed 2.84%.
123jump.com Staff
03 Jan, 2008
New York City
State Street jumped 6% to $84.65 after it said that it has booked a reserve of $618 million to cover the legal and other expenses arising from the fixed income investments made by its investment arm called State Street Global Advisors. The company will book a charge of 71 cents or $279 in the fourth quarter of 2007.
123jump.com Staff
03 Jan, 2008
New York City
The U.S. stocks traded sideways after the weekly jobless claims fell at the end of the last week and gold and oil traded near elevated levels. Front month futures of sugar, soy, and wheat added more than 2% in the morning trading. Monsanto first quarter earnings nearly tripled on rising sales in Brazil and Argentina.
123jump.com Staff
03 Jan, 2008
New York City
Stocks in Mumbai trading fell in sympathy with the regional trend and global sentiment. Sensex in Mumbai trading dropped 0.6% or 120.10 to close at 20,345.20 and CNX Nifty edged 0.1% lower to 6,178.55. Cement stocks fell sharply after the government issued a stern warning and threatned to takeover companies that do not toe the line on price control. IT stocks declined on rising rupee and persistenet worries of the U.S. economic slowdown.
123jump.com Staff
03 Jan, 2008
New York City
Hong Kong stocks declined for the second day in a row in the new year as investors worried that a U.S. economic slowdown coupled with rising commodities prices will hurt the global economy. Hang Seng index fell 2.5% or 673.24 to 26,887.28. Gold mining companies rose but oil explorer and refiners fell despite a sharp rise in oil prices. Sinoma and China Communication jumped. Singapore Air is reported have refused to raise its offer for China Eastern.
123jump.com Staff
03 Jan, 2008
New York City
Australian stocks declined as investors worried that rising metals and oil prices and growing fears of recession in the U.S. may drag the world economy. Australian dollar fell against yen. Centro rose 7% after local reports suggested that Blackstone and Citadel may bid for its properties. The strongly worded statement from the new immigration minister may stop Qantas plan to hire temporary skilled foreign workers.
123jump.com Staff
02 Jan, 2008
New York City
ASX 200 Index edged higher on a weak rise in metal and mining stocks. ASX 200 gained 0.2 to close at 6,353.20. BHP and Rio Tinto edged higher. centro, the troubled mall operators and financial services company edged higher after the company said that several bidders are interested in company assets. Lion Nathan received government approval to purchase Tasmania based brewer J Boag. Felix Resources agreed to sell utilities led by Korea Electric Power 10% of the company.
123jump.com Staff
02 Jan, 2008
New York City
A weaker than anticipated U.S. manufacturing report in December left most markets in Europe lower. DAX Index in Germany led the decliners in the region with a loss of 1.5% followed by losses in France of 1.1%, and in the UK of 0.6%. Nokia, Ericsson, and ArcelorMittal fell on the munting worries of U.S. growth recession. Technology and construction stocks fell but energy stocks rose.
123jump.com Staff
02 Jan, 2008
New York City
Gold jumped $22 in New York trading to the close of $860 per ounce inching close to a record high of $873. Silver, copper and other metals edged higher too. Wheat and soubeans jumped more than 3% on the rising inflation and falling dollar. Gold jumped 31% and silver rose 22% in 2007.
123jump.com Staff
02 Jan, 2008
New York City
U.S. closed lower after a steep rise in oil and gold and weak report on manufacturing sector. December month manufacturing activities declined after rising modestly in November according an index. Oil surged above $100 intra-day record high, and closed at $99.30 a barrel. Oil has risen nearly ten-fold since Dec 10,1998 when it fell to a record low of $10.72 a barrel. Tech stocks fell sharply on the worries that capital spending in the year will be lower than estimated.
123jump.com Staff
02 Jan, 2008
New York City
U.S. stock averages lose nearly 1% after a weak manufacturing report for the month of December. Oil crossed $98 a barrel and gold traded above $850 level. Nasdaq led the decline in indexes with a loss of 1.5% followed by losses in Dow of 1.2% and in S&P 500 of 1.1%. Amazon.com rose 4% after an analyst at Citigroup raised its rating.
123jump.com Staff
02 Jan, 2001
New York City
Sensex in India surged 0.8% on its first day of trading. Sensex rose 156 to 20,465.30. Of the stocks traded on BSE, 1,974 advanced, 934 fell, and 13 were unchaged. BSE and NSE registered nearly 32 thousand crore rupees or nearly $8 billion trading turnover. Reliance Energy surged 4% after the reports that its subsidiary is likely to offer shares in an IPO and raise nearly 10,000 crore rupees or $2.5 billion. HDFC sells stake in its insurance subsidiary to Standard Life.
123jump.com Staff
02 Jan, 2008
New York City
Hong Kong stocks declined on the first day of trading in 2008 as investors worried on the direction of the U.S. interest rates. Hang Seng Index dropped 1.24% or 346.13 to 27,466.52. China Railway and China Communications rose more than 5% on the hopes that new construction activites will bolster revenue in 2008. Hong Kong properties stocks declined. Metals and energy stocks closed lower as prices of commodities in the region edged higher.
123jump.com Staff
31 Dec, 2007
New York City
The Sensex index in Mumbai traded rose 0.4% or 80.04 to close at 20,286.99. For the year 2007 Senssex rose 47.1%. Braoder index, CNX Nifty 50 rose 1% to close at 6,138.60 and for the year surged 55%. Reliance Communication and Idea Cellular gained in the session. Gold and silver rose in the session on the rising international prices. Bharti Airtel surged 5% after Temasek of Singapore led investor group plan to invest $1 billion in the infrastructure subsidiary.
