Archive | December, 2007

Nikkei, TOPIX Sell-Off Ahead of Tankan, SQ; Renewed Credit Concerns Hit Banks

Japan market summary for Thursday (Dec. 13) Nikkei 225 Stock Average: -395.74 (-2.5%) to 15,536.52 Nikkei 225 futures Osaka: -380 (-2.4%) to 15,520, Singapore (SGX) -365 (-2.3%) to 15,535, Chicago (CME) *12/12 +305 (+1.95%) to 15,920 TOPIX: -40.83 (-2.5%) to 1,516.10; Advancers 131 x decliners 1,544 (unch. 52), New highs 8 x new lows 15; [...]

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Nikkei Lower in Reaction to FOMC

Japan market summary for Wednesday (Dec. 12) Nikkei 225 Stock Average: -112.46 (-0.6%) to 15,932.26 Nikkei 225 futures Osaka: -180 (-1.1%) to 15,900, Singapore (SGX) -185 (-1.2%) to 15,900, Chicago (CME) *12/11 -415 (-2.6%) to 15,615 TOPIX: -10.09 (-0.6%) to 1,556.93; Advancers 753 x decliners 838 (unch. 136), New highs 8 x new lows 9 [...]

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Nikkei 225 Reclaims 16,000; All Eyes on Fed

Japan market summary for Tuesday (Dec. 11) Nikkei 225 Stock Average: +120.33 (+0.8%) to 16,044.72 Nikkei 225 futures Osaka: +190 (+1.2%) to 16,080, Singapore (SGX) +210 (+1.3%) to 16,085, Chicago (CME) *12/10 +20 (0.1%) to 16,030 TOPIX: +8.51 (+0.5%) to 1,567.02; Advancers 907 x decliners 664 (unch. 155), New highs 13 x new lows 5; [...]

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Nikkei, TOPIX Slightly Lower As Trading Slows Ahead of FOMC, Tankan

Japan market summary for Monday (Dec. 10) Nikkei 225 Stock Average: -31.98 (-0.2%) to 15,924.39; first decline in 4 sessions Nikkei 225 futures Osaka: -50 (-0.3%) to 15,890, Singapore (SGX) -40 (-0.25%) to 15,875, Chicago (CME) *12/07 -80 (-0.5%) to 16,010 TOPIX: -3.25 (-0.2%) to 1,558.51; Advancers 696 x decliners 929 (unch. 101), New highs [...]

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Impetus for a Shanghai Rally

The Wall Street Journal’s Asialinks daily view includes the following excerpt: At the same time [referring to an finance professor's commentary on how stricter bank capital requirements may in fact compel Beijing to revalue the yuan faster], China’s foreign-exchange regulator increased the total quota for foreign companies to invest in the domestic capital market to [...]

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Nikkei Weekly Outlook

Market sentiment in Japan has markedly improved in recent trading, with the benchmark N225 up more than 7% in the past two weeks — advancing 1.8% last week to end at 15,956.37, breaking through 16,000 (to 16,107.65 intra-day) for the first time in a month. This week we have four key items, including [1.] domestic [...]

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We’re Back!

We’re back after a week of unexpected downtime due to a series of domain/hosting-related snafus. Daily Nikkei summaries and the Weekly Nikkei Outlook will resume in the coming week.

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Nikkei Weekly Outlook

Investor sentiment improved drastically last week as the Nikkei 225 Stock Average gained 5.3% to end the week at 15,680.67. There were a number of factors supporting stocks, particularly later in the week as N225 futures in Chicago traded at a premium to Osaka. U.S. stocks and investor interest in Japan was helped by conviction [...]

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Ranking of Japanese Mutual Funds by Assets in the U.S. – Oct. 2007

Since posting the monthly ranking of Japanese Mutual Funds in the U.S. (by net assets) for September, the latest data as of month-end October, show the top-2 funds, both from Fidelity, registered growth in net assets, especially the Fidelity Japan fund (FJPNX; +$30M, to $1.78B). However, the T. Rowe Price Japan fund (PRJPX) saw another [...]

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A Real Nikkei Rally or Merely 「お化粧買い」?

Japan market summary for Friday (Nov. 30) Nikkei 225 Stock Average: +166.93 (+1.1%) to 15,680.67 Nikkei 225 futures Osaka: +160 (+1.0%) to 15,730, Singapore (SGX) +155 (+1.0%) to 15,710, Chicago (CME) *11/29 +50 (+0.3%) to 15,585 TOPIX: +17.41 (+1.1%) to 1,531.88; Advancers 1,229 x decliners 406 (unch. 86), New highs 8 x new lows 7; [...]

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