Saturday, June 16, 2012

Asian Shares Rise on Signs Central Banks May Help If Chaos After Greece Polls

15 JUNE 2012
Asian Shares Rise on Signs Central Banks May Help If Chaos After Greece Polls
By Dow Jones Newswires

Asian markets were up Friday on signs that major central banks are planning to try to rescue the global economy, though there was caution ahead of the Greek elections over the weekend.

“The mood is turning slightly more positive compared to a week ago, but we remain cautious until we see the results,” said Diane Lin, fund manager at Pengana Capital in Sydney, which manages US$1.1 billion.

A Reuters report said that central banks are preparing for coordinated action to provide liquidity if the elections in Greece lead to market chaos.

Another positive was the UK’s move to introduce a series of measures designed to shield its financial system from the ongoing European crisis, with plans to flood banks with cheap credit in an attempt to jump-start lending to British businesses and households.

The efforts helped push the euro up 0.6 percent overnight to US$1.2633, though it weakened slightly in Asia to US$1.2625. The dollar dropped against the yen to 79.25, compared with 79.35 on Thursday night.

The Australian dollar was trading just above parity against the greenback early Friday at US$1.0004.

Japan’s Nikkei was up 0.2 percent ahead of a Bank of Japan policy meeting later in the day; South Korea’s Kospi was down 0.8 percent, while Australia’s S&P ASX 200 was up 0.3 percent. Hong Kong’s Hang Seng Index gained 1 percent, the China Shanghai Composite edged up 0.3 percent and Singapore’s Strait Times Index was 0.4 percent higher.

Oil extended Thursday’s gains, climbing to US$84.40 a barrel in Asia. In addition to the broad hopes for stimulus, the price of crude was helped by a request by OPEC for its members to cut production to maintain the cartel’s oil output ceiling.

Trading in the US was positive, despite poor employment data.

The number of Americans making initial claims for unemployment benefit expectedly rose and the previous week’s number was revised upwards. Also, US consumer prices rose 0.2 percent in May.

Low inflation and weak jobs figures were taken as a sign that the Federal Reserve could introduce monetary stimulus when it meets next week, pushing the Dow Jones Industrial Average up 1.2 percent.

South Korea’s Kospi was dragged down by selling by foreign investors and the poor performance of Samsung Electronics, which dropped 3.3 percent after operations at some of its flat-panel-manufacturing lines were suspended due to a power cut in Tangjeong, south of Seoul. Operations have been restored and the company is assessing the damage.

Fashion retailer Esprit gained 6.7 percent early in Hong Kong after the outgoing chief executive tried to subdue speculation that the company has fundamental problems by reiterating that his resignation was due to family reasons.

Upheaval in the company’s senior management saw the company lose 31.5 percent of its value over the previous two sessions.

Source/Extract/Excerpts/来源/转贴/摘录: http://www.sharesinv.com
Publish date: 15/06/12

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Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
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