Friday, October 29, 2010

Bursa Saham Asia Bergerak Mixed

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

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