Asia: Telephone stocks rebound
Asian telephone stocks, the worst performers since the regions markets started rallying three years ago, are rebounding as investors look for shares less likely to be hurt by rising interest rates and raw material costs.
Weve been moving into telecommunications, said Teresa Chow at RBC Investment Management Asia in Hong Kong. Theyre more domestic plays and they offer decent yield.
The Morgan Stanley Capital International index of 28 Asia-Pacific telecommunications stocks has risen 5.1 percent this quarter. KT Freetel of South Korea and KDDI of Japan have led the advance. The index is one of the best performers among the 10 industry groups in the MSCI Asia-Pacific index, which has lost 1.4 percent, even after rising last week.
More: iht.com
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Asia Roundup: Technical rebound for regions stocks
HONG KONG: Asian stocks closed mostly higher yesterday in a technical bounce following a sell-off last week prompted by an unexpected increase in Chinese interest rates.
Dealers said the sell-down had been over-done and created buying opportunities with sentiment strong enough to offset the negative impact of overnight falls on Wall Street.
Shanghai was closed for a holiday.
TOKYO: Share prices closed 1.35 per cent higher as a weaker yen, which helps exporters, encouraged buying ahead of a three-day national holiday.
The Nikkei-225 index advanced 228.06 points to 17,153.77. Volume was 1.44 million shares, up from 1.32
Asia Roundup: Marts rebound on Wall St gains
Asian stocks rebounded yesterday in a continued roller coaster ride, with investors taking courage from gains on Wall Street after US growth figures suggested the recent panic over interest rates might be overdone.
Dealers said it was a relief to see solid gains after the battering the markets have taken over the past few weeks on fears the US Federal Reserve could hike rates further than expected to dampen growth and inflation.
Dealers said investors need certainty above all on US interest rates - let them be up, unchanged or down, it does not matter
Tokyo and region show signs of budding rebound
Japanese technology and industrial shares lifted the Nikkei Average to a modest rebound Wednesday, fronted by sharp gains in Softbank Corp., although markets around the region were mixed after continuing declines in leading U.S. indexes in New York.
The Nikkei 225 Average ended the morning session up 0.3% at 14,259.60 (JP:1804610: news, chart, profile) . The broader Topix index ended unchanged at 1,457.97.
Elsewhere around the region, South Koreas Kopsi was up 1% while Taiwans leading index gained 1.8%. Singapores leading index rose slightly.
More: marketwatch.com
Asia Roundup: Markets ride on Wall Street gains
HONG KONG: Asian stocks managed a solid rebound yesterday following Wall Streets lead as investors resigned themselves to a US rate hike later and hoped for some policy clarity from the US Federal Reserve (Fed), dealers said.
They said the gains were encouraging as they suggested investors were calmer about the prospect of higher US interest rates but much would depend on what the Fed had to say on the outlook for monetary policy.
TOKYO: Shares rallied 1.58 per cent as bargain hunters scooped up beaten down stocks, encouraged by overnight gains on Wall Street.
Decline in crude fuels rally
TOKYO Asian stocks rose Monday as lower prices for crude oil eased concern that high fuel costs would curb economic growth. LG Electronics and Honda Motor led a rebound by exporters.
"Falling oil prices boost investor confidence," said Mike Shiao, a fund manager at Invesco Taiwan in Taipei.
The Morgan Stanley Capital International Asia-Pacific Index added 0.62 points to reach 120.47 in Tokyo, its highest point since April 2000. It has risen almost 19 percent this year.
The Nikkei 225-stock average rose 218.41 points to 15,391.48. It has jumped 34 percent in 2005, and it is
