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Hong Kong Three One Nine Five Zero :
HK 31,950
HK 31,950
Hong Kong Three One Nine Five Zero .
Global economies teetering.
.
Hong Kong Update :
Hong Kong last week : (28,000)
28,000
Hong Kong last night : The 31,950 (6 months ago), coincided with the top of the Dow, etc.
Now we are HERE ; (at 28,000)
The size of the arrows reflect what look like the odds (to me)...
Last night the Red was slightly larger.
If it ventures Up tonight ?.....I'll make that Red smaller !
Last night it closed at 28.010 heading into Friday !
10 months later ?.......BOOM !
That 24,000 Level gave way like Butter !
Approximately 6 months after that ?
2 weeks later :
BOOM !.....(Game ON !)
What has an unbelievably fraudulent history ?
.
.
Here's its' correlation with the S&P :
Just wouldn't be surprised if it coincided with an upcoming global selloff !
.
Swell charts of yours' there by the way
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23586067
Thanks
$SSEC closed at 6030.09 above 6000 as noted that the market has a lot room to grow as it is relatively young and growing for which we could see it over 10,000 in a few years.
Hang Seng Hong Kong and Bombay Sensex also performed exceptionally well gaining 2-3%. Hang Seng closed with new high 59540.78. Sensex regained all its loss during the last week closing at 19058.67 with a new high.
Futures and Euro markets are mixed at the moment.
Good luck
^SSEC Shanghai Composite 6,030.09 3:00AM ET Up 126.82 (2.15%) Chart, More
^HSI Hang Seng 29,540.78 4:01AM ET Up 702.41 (2.44%) Components, Chart, More
^BSESN BSE 30 19,058.67 6:28AM ET Up 639.63 (3.47%) Chart, More
^JKSE Jakarta Composite 2,638.21 Oct 11 Up 46.73 (1.80%) Components, Chart, More
^KLSE KLSE Composite 1,375.25 Oct 12 Down 8.36 (0.60%) Components, Chart, More
^N225 Nikkei 225 17,358.15 3:00AM ET Up 26.98 (0.16%) Chart, More
^NZ50 NZSE 50 4,325.09 12:31AM ET Up 19.48 (0.45%) Components, Chart, More
^STI Straits Times 3,862.02 5:05AM ET Up 4.77 (0.12%) Components, Chart, More
^KS11 Seoul Composite 2,035.39 5:03AM ET Up 8.95 (0.44%) Components, Chart, More
^TWII Taiwan Weighted 9,518.45 1:46AM ET Up 21.98 (0.23%) Chart, More
Euro Market intra
ASIAN Market intra
International Markets
Asian Markets Trading at or near Resistance.
Will they they take the lead or mimick US markets earning season's jitters? Judged from the past the second case is more likely.
Emerging Markets and Hang Seng shooting up most after rate cut
Hi Andy, good alert, thanks. Hang Seng is breaking out.
Mainland Investors Allowed to Buy Hong Kong Stocks Under Pilot Program
By Claudia Blume
Hong Kong
27 August 2007
http://www.voanews.com/english/2007-08-27-voa6.cfm
Beijing has announced a pilot program that will allow Chinese citizens to invest in the Hong Kong stock market and New Zealand says it will take Australia to the World Trade Organization over a ban on apple imports. Claudia Blume at VOA's Asia News Center in Hong Kong has more on these and other business stories from the region.
The Chinese government will allow mainland investors to buy Hong Kong shares. Hong Kong, unlike mainland China, allows the free flow of money in and out of its financial markets.
Stephen Green is a senior economist for Standard Chartered Bank in Shanghai. He says Beijing wants to make it easier to shift funds overseas because there is too much cash pouring into the country, causing pressure on the currency to appreciate. Another reason, he says, is that at the moment Chinese investors have limited options for investing their money.
"It's basically put it on deposit at the bank, buy a house or invest in a very volatile - albeit very good in the last few months - stock market," he said. "And so it's part of an effort to allow them to diversify their exposure to various assets, which will hopefully increase their return in the long term and also reduce some of the risks involved for them."
China's central bank raised interest rates for the fourth time this year. The bank's main lending rate will go up by 18 basis points to 7.02 percent. The benchmark deposit rate will rise 27 basis points to 3.6 percent.
Beijing has raised interest rates several times this year in an effort to slow the rapidly growing economy and to control inflation, which reached its highest level in over a decade last month.
New Zealand will take Australia to the World Trade Organization over a dispute about apple exports. Canberra banned the import of apples from New Zealand 86 years ago to prevent a plant disease from spreading to Australia. Years of effort to resolve the issue bilaterally failed. Wellington says it hopes the WTO can persuade Australia to lift the ban, which it calls a barrier to free trade.
"The percentage of apple exports to Australia in the short term is not all that significant," said Jim Anderton, New Zealand's minister for agriculture. It is really the principle of gaining access to the market and being able to build on a secure base the future of our market access."
Filipino men have some catching up to do: Women far outnumber them at the top of the corporate ladder. While there were 2.5 million female executives in the Philippines in 2004, only 1.6 million executive jobs were held by men. The Philippines' Department of Labor says the ratio of women holding top posts is the world's best. Ninety-seven percent of businesses in the country have women in senior management positions.
Hang Seng has retraced 100%
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22396961
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