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Rising market pressures may trigger third wave of credit crisis

Business Times – 11 Mar 2008 Nervous investors hanging on to pronouncements of central bankers (LONDON) Tight money markets and tumbling stocks and the US dollar are expected to increase worries for investors this week as pressure mounts on central banks facing what looks like the third wave of a global credit crisis. Last week, […]

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TAKING STOCK: Inflation worries hammer STI and regional bourses

NO SOONER does the market show some spark than another bout of bad news clobbers it back down again. Yesterday, it was inflation concerns after oil rose above the US$100 a barrel mark. Red ink flowed from the word go. The Straits Times Index (STI) opened lower and kept spiralling downwards, losing more than 78 […]

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US-linked worries drag Asian markets down

Delayed reaction due to holiday break as recession fears dog investors ASIAN stock markets were battered yesterday, after a four-day break for the new lunar year failed to dispel the same old fears that have been unnerving investors. Steep falls on Wall Street last week had a delayed reaction here as markets waited to re-open […]

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NEWS ANALYSIS: Panic and fear, not fundamentals, driving sharp market selldown

Widespread selling creating financial violence people hope to avoid, analysts say NEW YORK – THE fear is spreading. For months now, investors have been lured to overseas markets with the promise that surging growth and solid economic fundamentals in Asia and the Middle East would insulate them from the credit squeeze plaguing the United States […]

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Asian markets crash while US totters

Recession fears hit home in plunges reminiscent of post-9/11 debacle (SINGAPORE) It was blood on the floor across Asian bourses yesterday as investors dumped stocks amid intensifying fears of a US economic meltdown. This, despite President George W Bush last week announcing a massive US$145 billion stimulative tax relief plan and Federal Reserve boss Ben […]

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Markets brace for news of big losses by banks

Citigroup could write off US$24b, lay off 20,000 staff (LONDON) Major American banks are expected to unveil substantial losses and secure more cash from abroad in what is shaping up to be a pivotal week for the global credit crisis. Citigroup could write off as much as US$24 billion and lay off 20,000 workers in […]

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Big China firms’ bonds better: ING

(HONG KONG) Investors in Chinese property bonds should adjust their portfolios in favour of larger, diversified firms and cut their exposure to smaller developers which are focused on fewer cities, ING Bank said in a report yesterday. The bank advised bond investors to remain invested in bigger firms like Shimao Property Holdings, Agile Property Holdings […]

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TAKING STOCK: Asian markets poised for further losses

Current decline in S’pore presents buying opportunity, say some brokers ASIAN stock markets look set to run into more turbulence this week after Wall Street’s sharp plunge last Friday. The Dow Jones Industrial Average’s 246-point dive – on fears that American consumers are tightening their belts – is likely to result in a regional knee-jerk […]

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TAKING STOCK: Asian markets slide on Wall Street’s poor showing

Blue chips lead the drop as ST Index closes 2.5% lower on worries over American economy TRADERS knew it was coming after the Friday night fright on Wall Street, but it did not make yesterday’s bloodletting any less painful. The Dow Jones Industrial Average’s 256-point retreat, sparked by worrying jobs figures, suggested that the theoretical […]

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Inflation fears drag global stock markets down

LONDON – ASIAN and European stocks tumbled yesterday as last week’s strong United States inflation data reduced expectations that the US Federal Reserve would deliver further interest rate cuts soon. Also, in a sign that rising food and agricultural prices may push inflation up globally, US wheat futures surged more than 3 per cent and […]

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Consumers in HK, S’pore ‘less upbeat over stock markets’

They are more bullish over jobs and the overall economy: MasterCard survey A NEW survey has found that Singapore consumers are highly optimistic about the economy but slightly less upbeat about the stock market. Their counterparts in Hong Kong are also bullish about the economy, but confidence in the stock market has fallen even more […]

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TAKING STOCK: Regional markets make hasty retreat as Fed cut disappoints

REGIONAL investors were as disappointed yesterday as their United States counterparts over the size of the latest US interest rate cut. Bourses in Asia fell across the board following an overnight tumble on Wall Street, where key benchmarks fell over 2 per cent. Investors were unhappy that the Federal Reserve trimmed interest rates only by […]

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Bull market in Asia in mature stage

Value investing advisable THE bull market in Asia ex-Japan equities is in the mature stage, says Markus Rosgen of Citi Investment Research, and he advises investors to switch from momentum investing towards value. In the value space, Mr Rosgen, Citi’s chief Asian strategist, favours large cap stocks which he says have only just begun to […]

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HK billionaire on the hunt for bargains

Now is the time to get back into stocks: Lee Shau Kee (HONG KONG) Billionaire investor Lee Shau Kee, sometimes nicknamed Hong Kong’s Warren Buffett, said that he spent more than HK$1 billion (S$185 million) in the stock market on Thursday as the first salvo in a HK$10 billion bargain hunt. ‘Now is the right […]

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TAKING STOCK – Bourses buckle across Asia on US, oil worries

ST Index falls 91 points, marking its fourth slump in five sessions REGIONAL bourses including Singapore suffered a rout yesterday in the face of fresh worries about a slowdown in the United States and record crude oil prices. The Straits Times Index (STI) plunged 91.07 points, or 2.65 per cent, to end at 3,347.20 – […]

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TAKING STOCK – STI falls on US problems, weak yen; China New Town sinks

SHARE prices tumbled across Asia, as deepening credit woes in the United States and renewed weakness of the greenback against the yen prompted traders to liquidate positions before the weekend. Yet, for all the regional bloodletting, local investors took some solace that the fallout in Singapore was not as severe as in other markets. The […]

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Japanese banks hit by fresh sub-prime woes

More sub-prime losses ahead for Japan’s banks, say analysts (TOKYO) Japanese financial firms were hit by fresh sub-prime woes yesterday as several banks posted profit slumps and two securities firms delayed a planned merger due to recent market turmoil. Japanese banks are also finding conditions increasingly tough at home as hopes of the central bank […]

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Tactical asset allocation models cut risks

ARJUNA MAHENDRAN examines the use of total return strategies as a way of riding out turbulent stock markets THE stock market boom that started back in 2003 is expected to continue in the medium term. However, an analysis of longer-term market cycles shows that equity investors must braceĀ themselves for more volatility in the short term. […]

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Putting Asian markets in perspective

While valuations are no longer cheap, it is not difficult to find stable growth companies with good cash flows and yields, says TAN LYNN DAH THIS has been a bountiful year for Asian equity markets, with Asian bourses scaling new peaks and regional economies enjoying prodigious growth. As one of the fastest growing regions in […]

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Credit squeeze won’t hit emerging markets

ALLAN CONWAY and NICHOLAS FIELD explain why emerging markets would be able to withstand any global contagion from the US housing market collapse THERE are now growing fears of global contagion from the US housing market collapse. Will emerging markets be able to withstand this threat? We think they can, and here’s why. First, a […]

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