1. JSH 500US$ +0.700
2. JMH 400US$ +0.420
3. Jardine C&C +0.240
4. SIA +0.080
5. HKLand US$ +0.050
The top 5 loser component stocks were :-
1. UOB -0.360
2. KepCorp -0.280
3. CityDev -0.160
4. F&N -0.130
5. DBS -0.120
US markets closed positive last Friday at a new 2 years high despite China raise bank reserve ration by another 50 basis point last Friday. Asian markets were mixed to the reaction of China action and the continue unrest in middle east. Nikkei closed +0.14%, SSE +1.12% and HSI -0.47%. STI was in negative region throughout the day despite a good budget being proposed by FM last Friday as concern of China tightening and middle east unrest weighed on heavily. This Wednesday Singapore will release its January CPI and HK's budget day and later of the week US will release its 4Q10 and FY10 GDP.
There is something investors must track on. SSE has reversed its downtrend since after the CNY rally and now on an uptrend despite interest rate hike and other cooling measures. China inflation has slowed down in January and that could signal if another 1 or 2 more rounds of tightening, inflation will be under control. That is a possible reason SSE market rally ( a 6-months forwards looking indicator of the economy situation ). China being the leader of the Asian countries in term of rising inflation and growth, could be leading Asian countries doing a U-turn on the stock markets.
