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market review : asia be received in the 1H

2011. Cathay’s shares
ended down 1.37% at
The Bank of Japan stole
HK$21.55.
the spotlight in Asia as it
cut key interest rate to as
Sinopec has been maintained at BUY by
low as zero percent,
Citigroup after the Chinese oil producer
bringing the range to 0% -
agreed to buy 40% of Repsol’s asset. Sinopec
0.1% from the previous target of 0.1%.
Reserve Bank of Australia however, surprised ended at HK$6.95 or down 0.14%.
the market as it held rates at 4.5%. The
BOC Hong Kong’s
market had expected the Bank of Japan to
hold rates steady while the RBA was expected price target has been
raised from HK$22 to
to raise rates. In addition to slashing the rates,
HK$30 by JP Morgan over optimism on
BOJ will purchase government bonds and
other assets by creating a ¥5 trillion fund. potential yuan internationalization. BOC HK
settled at HK$25, down 0.79%.
BOJ’s move boosted Nikkei, sending it to end
CITIC Pacific Ltd is seen securing HK$5.73
137.7 points higher at 9,518.76 or up 1.47%.
billion of syndicated loan, above the prior
Shanghai Stock Exchange also settled 1.72%
plan of HK$4 billion. CITIC was at HK$18.18,
higher at 2,655.66. Hong Kong’s Hang Seng
1.2% lower at the end of the day.
Index ended at 22,639.14, adding 20.48 points
or 0.09%.
JP Morgan also raised HK Exchange
and Clearing’s target to HK$168
The Hong Kong government will direct
from HK$158. The HK bourse was
housing market growth to ‘healthy’ direction
assigned with OVERWEIGHT rating. Cash
by adding supply of land for sale, according to
equity volume recovery, yuan
HK Financial Secretary John Tsang.
internationalization, better technology and
seeking strategy on alternative trading
Tokyo Electron reported
networks remain as key opportunities.
an increase in orders by
around 10% to 15% in
Disclaimer: This report is provided for information purposes
3Q from 2Q, sending the only. It is not an offer to sell or to buy any securities. This
shares up 3.99% to ¥4,430. report has been prepared based on sources believed to be
reliable, but there is no assurance or guarantee regarding its
completeness & and accuracy. The author accepts no
Toyota Motor will launch its 21st century responsibility or liability arising from any use of the report.
Corolla in Thailand and later to release similar
cars in emerging markets such as China, India
and Brazil. Toyota ended at ¥2,975, up 0.44%.

The delay of the arrivals of Boeing’s 747-8

freighters is expected to reduce Cathay
Pacific’s cargo capacity from May to July
2011. According to the carrier, five planes will

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05October2010 Page 1