China Shares Slip; Tokyo, Seoul End Flat

Japanese shares were hold again while Chinese stock achieve falling for the firs time. Today, there are many of trading volumes in the open markets that closed and not scheduled to transaction until on Tuesday. Hiroyuki Fukunaga as chief executive at Investrust told that the stock trading of Tokyo has one calm day to trading for the year because the investors has ready to releases of Japanese’s profit and next week,will be meeting in the U.S. Federal Reserve. U.S profit good enough, so the great focus on the monetary policy. Japan’s Nikkei Stock Average ended at 9682.21 and after achieve record, South Korea’s Kospi ended at 2197.82. China’s Shanghai Composite Index was down 0.5% become 3010.52, Taiwan’s Taiex inched increase 0.1% become 8969.43 and the last Thailand’s SET Index was down 0.4% become 1105.29.

The markets in the several countries such as Australia, Hong Kong, India, Indonesia, New Zealand, the Philippines and Singapore were closed temporary. Recently Banks, brokerages and develop of property has lost land on mainland Chinese bourses : Industrial & Commercial Bank of China was down 0.9% while Citic Securities fell 1.8% and the last Poly Real Estate Group was down 0.7% in Shanghai. Hong Yuan Securities down 2.2% and property major China Vanke also down 1.5% in Shenzhen. Because of the investors has locked in earnings, Coal miners also fell with China Shenhua Energy down 1.3% and Yanzhou Coal Mining outpouring 2.5%.

Jacky Zhang as an analyst from Capital Securities told that the (Shanghai Composite) index is tend change 3000 in the short term and it may need time after increasing newly. Canon fell 1.4%, Sony surrender 1.2%, Fanuc down o.2%, and the last Isuzu Motors increase 2.1%. In Seoul achieve record at12.72 trillion won ($11.78 billion) on Thursday. Daewoo Securities increase 1.6% and Samsung Securities also advance 0.5%. Some of the other exporters lost ground while Kia Motors increase 0.9%. Hyundai Motor down 1.1% at surrender early profit whereas heavyweight Samsung Electronics dropped 2.6%. Hyundai Securities analyst Bae Sung-young told that Auto-sector stocks is the caused of Kospi strength newly, by the end of next week tend will remain advantaged till their first-quarter results. By the closed of market in London and New York, the U.S dollar stayed in a tight space as long as thin trading in foreign-exchange markets. The euro was buying $1.4564 when the dollar was at ¥81.90 against ¥81.84. Lead Japanese government-bond futures increase 0.17 at 139.75 points. The result on the 10-year cash JGB fell 0.015 percentage point at 1.210%. Spot gold was at $1,508.80 a troy ounce, increase $4.10. (WSJ.com)