Still Threatens The Middle East Turmoil Asia

By Big Smile Kamis, 24 Februari 2011 0 comments
Synonyms And Synonyms

Synonyms And Synonyms
Jakarta, Strategydesk - The movement of Asian stock markets still shadowed by dark clouds. Markets saw the demonstrations spread across the Middle East after the revolution in Egypt and Tunisia. Markets increasingly worried about rising violence followed a report on Libya, which the army, according to witness accounts, opened fire on demonstrators in the capital, Tripoli. The protests are still happening in Bahrain and Yemen. Currency fluctuations due to turbulence in the Middle East reflects the market behavior that was concerned with the impact of that turmoil, especially economically.
Not only on currencies, global stock movements also affected, the main Wall Street index depressed for a second time. Markets do not yet know exactly how big the impact, in addition to oil prices jumped sharply. Penetrating oil at $ 99 per barrel and with the still volatile Middle East, the price could go up. High oil prices could hamper global economic recovery.
These conditions make Asian stocks suffered shock this morning. This pressure is expected to continue until there are signs that the crisis in the Middle East will subside.
German Q4 GDP data, business sentiment in Europe will be the focus of the market in the afternoon. Entering the U.S. market, jobless claims data benefits, durable goods orders and new home sales.
Nikkei Futures Contracts March (SSIH1)
The Nikkei continued its fall yesterday was due to turmoil in the Middle East, which pushed oil prices to their highest level in 2.5 years.
Spike in oil prices has increased anxiety about the global economic recovery. The strengthening yen also hit sentiment, with shares of exporters falling. The Nikkei closed down 85.60 points, or 0.8%, at 10579.10.
The Nikkei index is still shrouded in black clouds in trading today, following the fall of Wall Street as worries about the turmoil in the Middle East. The performance of the export share still depressed the impact of the strengthening yen against the dollar. Analysts said the correction is reasonable because that has been a sharp rise, and investors waited for the right moment to realize profits.
Kospi Futures Contracts March (KSH1)
Kospi index recorded negative results for the fourth consecutive session, depressed by falling technology stocks and transportation. However, strengthening energy stocks managed to minimize market crash. Kospi Index closed down 8.29 points, or 0.42%, at 1961.63. The market is still worried about the turmoil in the Middle East and rising oil prices.
Kospi Index was caught selling amid growing turmoil in the Middle East. Transportation stocks are still likely to fall because of the impact of rising world oil prices. Some construction stocks were operating in Libya are still going to fall for fear of their revenue source will decline.
Hang Seng Futures Contracts February (HSIG1)
The Hang Seng index was recorded yesterday in the current correction of global investors away from risky assets due to turmoil in Libya. Budget speech that was conveyed by Minister of Finance of Hong Kong fail to please investors, but the property sector helped because he did not announce a drastic new measures to dampen the sector. The Hang Seng index closed down 83.91 points, or 0.36%, at 22906.90.
The Hang Seng Index is still under pressure because of increased violence in Libya, pushing the price of oil & add to worries that rising inflation. Analysts said the market is a correction phase following a rally that lasted two weeks. But they are optimistic about the medium-term outlook remains positive due to expectations of better financial performance of the issuer.
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