E-mail: email@example.com October 2010 Page 1
Hong Kong - Japan - Germany - UK - North America
market review : Global
s Hang Seng Index ended at23,457.69 or up 335.99 points (+1.5%), whileShanghai Stock Exchange finished the day at2,861.36 or up 0.7%. Nikkei 225 average wasalso up 0.16% to end at 9,403.51. Dow JonesIndustrial Average was at 11,096.08, upanother 0.69% while S&P 500 index was up0.71% at 1,178.10. Nasdaq Compositeadvanced 23.31 points or 0.96% to 2,441.23.European shares zoomed higher with FTSEgaining 85.76 points or 1.51% to 5,747.35 andDAX jumped 129.95 points or 2.06% to6,434.52. Global markets have been buoyedby the Fed
s stance on quantitative easing andalso the rise in Wall Street. Japan shares werehindered by the strong yen although Nikkeiwas up as well on Intel
s results.From China, exports were up 25.1%, slowingfrom 34.4% (y/y), below the expected rise of 26% in September. Imports also slowed from35.2% in August to 24.1% in September. As aresult, trade balance was short of consensusat $16.88 billion, down from $20.03 billionand also below the consensus of $17.75billion.In Hong Kong, HK Chief Executive DonaldTsang said that the government will restrictimmigration based on real-estate investmentswhile maintaining sufficient land supply tocool the housing sector. Initial reaction wasnegative as developers tumbled, but later onreal-estate shares rebounded back assumingthat the government measures will not beseverely harsh.Unemployment rate improved in UK from7.8% to 7.7% during the three months endingAugust. Jobless claims were up 5.3K from3.8K, worse than the expected 4.5K, whileweekly earnings excluding bonus for the 3months ending August were up 2% from thesame period last year, slightly below theconsensus of 2.2% rise.Thursday will be flooded by US economic datawith jobless claims expected to be steady at445K, while PPI is seen posting a 0.2% gains,slower than the August
s 0.4% gains. Year-on-year, PPI is seen accelerating from 3.1% to3.7%. US trade balance also due on Thursday,and is expected to show a $44.0 billion deficitagainst $42.8 billion of deficit recorded inAugust.
joined handswith Yulong Computer tolaunch a high-end TD mobilephone CoolPad 8910 as aneffort to face Apple
s strongpresence in China
s mobile phone marketwith its iPhone4. Apple has already teamed upwith China Unicom in selling its WCDMAiPhones, while with China Telecom, the techgiant also plans to sell CDMA iPhone4 inChina.Tesla and
will develop an electricversion of RAV4, according to Tesla as thecompany disclosed its agreement to SEC onWednesday.
. tumbled to280 pence beforerebounded to 292 penceafter StandardChartered announced that it would raise $5.1billion to meet new capital rules undel BaselIII. The market now wondered on which bankto follow Standard Chartered
s (also DeutscheBank
s) step to raise capital to meetregulations, and the fingers were pointing atBarclays Plc.