Major bourses, HS/NK surged, taking cue from DJ, which provided further feel good factor after their government pumped in fresh “stimulus” in the form of tax cut, subsidies and SME loan. SKorea, however, marginally lower, continued to suffer from Big Brother Kim’s annual-event-nuclear threat-syndrome, which usually means an official request for foreign $$$.
HK/CHINA/TAIWAN – Thus holiday
CHINA/TAIWAN - Fri holiday. Therefore, for the month of May, SH +6%, TWI +15%
Our mkt were sluggish and underperformed the rest, continued to witness profit take activities while fresh buying remained sidelines –probably cautious ahead of 1Q09 GDP announcement.
Both klci.fkli struggled to keep its upper-body posture but at the same time, lower-body was steady amid strong external factors. Klci.fkli finished near its intraday low but fkli managed to stay positive due to yesterday sharp discount.
No comments:
Post a Comment