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Singapore - Asian stock markets mixed colored moving stocks ANZ Bank in Australia. Meanwhile, Japan's Nikkei stock depressed commodity stocks.In trading Thursday (28/10) Nekkei shares down 0.1%, Australia S7P index naik1%, Korea's Kospi index Selatannaik 0.1% and the NZX-50 index rose 0.3%. ANZ Bank is the largest rise in Australia rose 2.6% after posting net income rose 53% to 4.5 Australian dollars. While the banking sector shares rose 1.2% to 1.3%.Chinese stock markets extend decline in the first session, triggered by profit taking in stocks of pharmaceuticals, health after their rise recently. The Shanghai Composite fell by 0.6% at 2979.77 level, is expected to try to survive on the support 2950 to the end of the session later."Action on sales in the health sector is in line with the forecast as investors switch to cycle sector of the defense sector in hopes of solid economic growth," said Li Lei of the Gold State Securities.For Hangseng index increased by 0.3% at 23228.79 level of the first session, the condition began to stabilize after a natural index decreased by 1.9% yesterday, but sentiment was still cautious trade ahead of the October futures contract expires today.Alvin Cheung of Prudential expect the index to revolve around the level of 23000-23800 for the short term. "Consolidation is going to happen but if the movement of U.S. dollar weakened again later, I still expect any further decline in equity markets will remain limited," he said.Meanwhile, Japanese stocks traded slightly lower on Thursday morning in Tokyo ahead of policy decisions by the Bank of Japan, pressured by weak Wall Street and with many traders waiting for a number of earnings announcements. The Nikkei Stock Average fell 0.3% to 9,372.38, and the Topix fell 0.3% to 815.81
Gold prices finally come down from record highs amid uncertainty surrounding the U.S. economic stimulus delivery. The price of gold, silver and platinum prices fell along with other commodities.The decline of gold and other commodity prices that occurred as the U.S. dollar index. The currency had already fallen too far because investors are too enthusiastic about the plan for continued disbursement of stimulus.In trading Wednesday (27/10/2010), price of gold in the spot market reached its lowest point at U.S. $ 1318.74, and eventually closed down 1.1% to a level of U.S. $ 1323.65. Prices of gold futures for December delivery closed down U.S. $ 16 to as low as U.S. $ 1322.60.All investor attention now being focused on the Federal Reserve meeting next week. They look forward to continued stimulus that will digelontorkan the Fed in order to stimulate the U.S. economy anymore."Expectations of a more gradual approach to 'quantitative easing' by the Fed has made a reversal (the price of gold)," said James Steel, chief commodities analyst at HSBC, as quoted by Reuters on Thursday (28/10/2010).Enthusiasm was whole when the Wall Street Journal reports the Fed is likely to prevent pendepatan a 'shocking and awe'.U.S. Dollar rose to its highest point recorded over two weeks of the euro and the yen as sentiment. As is known, the weakening U.S. dollar had previously been made in commodity prices including gold hit a record highs. Gold prices hit a record highs recorded at U.S. $ 1,387 per ounce in early October, following the expectation the Fed will continue the stimulus phase II.
The main fear pascaimplementasi Free Trade Agreement between ASEAN and China or ACFTA is the flood of Chinese goods to Indonesia. Almost all eyes watched the real world, even without force ACFTA, Chinese products have spread to remote rural areas.One country to another is connected with connecting lines, such as the ASEAN-China. It is conceivable, if Indonesia refused ACFTA, Indonesia would also lose the connecting lines with ASEAN.Think again, the defeat of Indonesia who "surrendered" without a fight would certainly be an opportunity for other countries invaded China as a potential market. In front of the eyes of the countries in ASEAN, China's population reaches 1.3 billion people is a lucrative market.Not only against the Chinese, Indonesian products that will enter into ASEAN will not be competitive because of import duties of Indonesian products to countries that will apply normal rates are much higher or longer categorized as Most Favoured Nation (MFN). A hard choice, but must be faced.Pascaperundingan ACFTA, the signing of the agreement was signed ACFTA in November 2004. Since then, the imposition of tariffs for products that are agreed upon starting to agree reduced. Peak, January 1, 2010, import duties of products determined to be zero percent.Industrial fire beard though. Ten years ACFTA initiated, direct Chinese government to strengthen leadership within Ingar despite perpolitikannya noise. Not just socializing, but they also prepare and implement and oversee the industry roadmap."Conversely, we even like fire beard. This occurs because the government and the business sector there is no power to unite, "said Chief Executive Officer (CEO) Group Garudafood Sudhamek AWS in Jakarta, late last March.Durability exportIn the midst of diplomatic relations over 60 years of Indonesia and China, the trade balance in the last 10 years is indeed a major concern. Central Bureau of Statistics (BPS) showed, during the years 1999 to 2007 Indonesia recorded a trade surplus with China, but the years 2008-2009 (January-October) in deficit.Indonesian exports to China tend to increase until 2008, but the crisis that shook cause our exports to weaken resistance. While imports from China to Indonesia is unshakable, even tended to increase.