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Major Global Indexes
 
Closing Margin (%)
Dow Jones
8448.56 -0.30
S&P 500
871.79 0.18
UK:UKX
4399.15 -0.61
Nikkei 225
8413.91 -4.79
Hang Seng
13668.05 -2.17
Major Price Indicator
 
Closing Margin (%)
WTI Crude Oil 37.78 0.51COMEX Gold 820.7 -0.04LME Copper 3370 3.85LME Aluminum 1515 -0.07BDI Index 911 2.47
Hong Kong Industries
 
Closing Margin (%)
Raw Material 4729.19 -3.73Energy 6818.64 -3.59CompositeEnterprises1298.65 -3.07Real Estate &Construction1727.76 -2.87IndustrialGoods689.51 -2.77
Performance in Recent 5 Days
---
 Hang Seng Index
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SSE Composite Index
 
American Three Indexes Performed Mixed; Segments of Finance & EnergyIncreased
January 14, 2009
 Global News & Information
Global Capital Research Group 
 
Dow Jones Index was frustrated by 25.41 points or0.30% at 8448.56 points as of closing.
American market performed mixed on Tuesday. DowJones Index was frustrated by 25.41 points or 0.30% at8848.56 points; S&P 500 slightly increased by 1.53 pointsor 0.18% at 871.79 points, and NASDAQ Index rose by7.67 points or 0.50% at 1546.46 points.
American trading surplus was narrowed substantially,being the lowest since November 2003.
Statistics from American Department of Commerceshowed that American import amount was USD183.25bn,export USD142.8bn, and real trade surplus wasUSD-40.44bn, slightly higher than USD-51.0bn of themarket expectation. Trade balance of December last yearwas USD-56.69bn after the adjustment, which indicatedthat trade deficit was 28.7% narrowed than October 2008,substantially under market expectation. Trade deficit inNovember 2008 was the lowest ever since November2003, margin decrease hitting new low within 12 years.Total import & export amount in America successivelyreduced, with reduction of import far outstripping that ofexport in recent three months. Reduction of import wasmainly due to plunge of crude oil price, and decrease oftrade deficit indicated that world trade at the moment waslikely to further slide due to bulk commodity price decline,
credit crunch and enterprises’
cut of expenditure. As thegovernment put much emphasis on domesticconsumption stimulus, its trade deficit would probably befurther narrowed in future.
Ben Shalom Bernanke: Forceful method to maintainstability of financial system.
Ben Shalom Bernanke, president of FED recently saidthat Obama
’
s financial stimulus plan might not be soeffective to revive American economy. As far as he wasconcerned, normal operation of financial system was apremise for recovery of the economy in America.
 
 
Besides financial stimulus, the government must also insert capital to the banks, purchase
their bad loans or set up the “bad banks” for acquiring assets of financial institutes s
o as to
deal with huge “distressed assets” of financial system.
 
British retail sales performance in December hit historical low.
According to statistics of BRC, retail sales of the same store in Britain went down by 3.3% yoyin December, which was the
7 successive months’ decline and the worst month
-on-monthperformance in 14 years. This indicated that the retail industry had been deeply frustrated bythe economic recession.
Hang Seng Index was down by 406.44 points or 2.83% at 13971.00 points as of closing.
On Tuesday, Hong Kong market opened low and then went up. It slightly increased round thenoon time, and bulged in the afternoon due to drag of the A-share market. Hang Seng Indexclosed low by 302.95 points or 2.17% at 13668.05 points, and Hang Seng China EnterprisesIndex fell by 230.70 points or 3.16% at 7080.53 points.
Property sub-index led the plunge.
Property sub-index largely underperformed Hang Seng Index, of which Cheung Kong Holdings(0001.HK) and Sun Hung Kai Properties (0016.HK) plunged by 2.67% and 3.08% respectively,and Henderson Land Development (0012.HK) and New World Development (0017.HK)declined above 5.5%.
Financial sub-index outperformed.
Financial sub-index outperformed the big-cap, whereas HSBC Holdings PLC (0005. HK) slidby 1.02%. As previous dumped Chinese-funded banking stocks have been taken by investorsat a low position, Bank of China (601988) surged by 0.54% against the market trend; declinemargin of China Construction Bank (601939), Industrial and Commercial Bank of China(601398), China CITIC Bank (601998) and Bank of Communications (601328) was all below3%.
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