1. HKLand US$ +0.020
The top 5 loser component stocks were :-
1. JSH 500US$ -0.710
2. CityDev -0.240
3. SIA -0.200
4. Jardine C&C -0.200
5. JMH 400US$ -0.190
US markets closed for Thanksgiving yesterday night so focus was on Europe. European markets initially in the positive region with Germany GDP meeting focus and business confidence suddenly rose. However, European bourses soon sank to negative and closed in the red as Germany leader again confirmed there will be no Euro bond and bigger role for ECB to resolve the debt crisis and maintaining on austerity measures to reduce the debt for the troublesome nations. Investors worries for the spreading of debt crisis definitely not helped by that and Germany bond yield also rose indicating crisis could be hitting Germany next. Asian bourses were in no bargain hunting mood with Nikkei closed -0.06%, SSE -0.72% and HSI -1.37%. STI on a thin volume day fell below 2,650 down 1.24% with 28 of the 30 index stocks closed in the red. US will be trading for half-a-day tonight. Investors will be looking at next month 9th Dec when EU leaders meet again for the EU Summit. Investors will be looking at what other steps or plans EU leaders will be proposing to tackle the debt crisis. Euro bond and bigger role for ECB would be out of the way as those ideas were strongly shot down by Germany. The enlargement of EFSF which was proposed in Oct Summit still lacking of technical detail. This is one of the aspect in which investors would like to get more information on for the coming Summit.
