1. JMH 400US$ +0.080
2. HKLand US$ +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.460
2. SIA -0.220
3. SembMar -0.160
4. JSH 500US$ -0.160
5. SembCorp -0.150
US markets fell at least 1.80% yesterday night as investors weighed more than expected jobless claims, China unexpected trade deficit for last month, middle east unrest and european debt despite oil price pull back. Asian bourses were traded in negative region ahead of China inflation data. It came out 4.9% vs 4.8% as expected. In the afternoon, Japan suffered 8.8 magnitude of earthquake and followed by tsunami which caused panic selling in the afternoon. The damage around Tokyo due to the earthquake yet to be known. Nikkei closed -1.72%, SSE -0.79% and HSI -1.55%. STI fell 1.04% to an intra-day low of 3,024 before rebound to close at 3,043.49. Short-covering and bargain hunting near close help STI to rebound from low and with GLP having lot of exposure in Japan bearing the selling down upon news of the earthquake. At the moment, whether their assets are affected still yet to be known. Oil price however dipped US$101. Investors will have lot of events to ponder about over the weekend. Middle east unrest, Japan's earthquake impact, Euro-zone debt issue and US economic recovery. With so many uncertainties, market will be volatile. STI at the moment trading at the lower region of 3,040 - 3,120. If that failed to hold, the next region will be 2,920 - 3,040. Recent intra-day low was 2,965. A breached below that level will invalidate a potential higher low trend.
