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MARKET RAP
Time for a breather
Shanghai stocks resumed their starring role this week before settling back at
the close, along with others around the region, amid a cloud of commentary that
pointed to earnings results and commodity prices. Another view is that it was
just time for a breather. (Nov 20, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Not so strong
The overall strength of Asian stocks last week masked a marked divergence, with
the Shanghai market in the middle as it was outpaced by gains elsewhere in
Greater China while Japan and South Korea showed signs of weariness.
(Nov 16, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Appearances can be deceiving
A volatile week saw exchanges trimming their losses, but absent an upbeat
Shanghai and a downbeat Tokyo the period is best described as nondescript, with
no clear engine to drive markets stronger in the immediate future.
(Nov 6, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
D-8 looks forward to stronger
ties
The Group of Eight Islamic Developing Countries, or D-8, is looking towards
greater and more meaningful cooperation, with Turkey, Pakistan and Egypt at the
forefront of efforts to strengthen trade, energy and other ties. Achievement of
a preferential trade agreement remains a distant prospect. - Kaveh L Afrasiabi
(Nov 5, '09)
MARKET RAP
No silver lining
An end-of-week revival in prices put a positive sheen on recent trading that
might survive for a few more days. The longer prospect is for more or less
generalized declines. (Oct 31, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Asia stops to catch its breath
Aside from the significant exceptions of Shanghai, Hong Kong and India, the
region's markets remained largely neutral. By far the biggest gainer on the
week, Shanghai, may now have a clear field for a charge.
(Oct 23, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
Azerbaijan and Turkey clash over
energy
A public cry of "no more cheap gas to Turkey" by Azerbaijan's President Ilham
Aliev has exacerbated rising Azeri-Turkish energy tensions. Ankara's efforts to
play different suppliers against one other - and position itself as a regional
energy hub - are not a fatal blow to the stalled Nabucco pipeline, but the
rival White Stream may come more to the fore. - R M Cutler
(Oct 22, '09)
MARKET RAP
Asia continues to advance
Absolute gains were less overall in the region, but with more stable patterns
of recovery. The schizophrenic North Asian exchanges were the most divergent,
with the Nikkei 225 average in Tokyo the second-best performer and the KOSPI in
Seoul the worst. (Oct 19, '09)
R M Cutler runs his eye over the ups and downs in the week's
markets.
MARKET RAP
Asia advances, weakens
Asian markets continue to advance, but there are indications that momentum is
flagging and national markets are diverging from the trend as a whole. One way
or another, caution is increasingly called for. (Oct
13, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Shanghai losing sparkle
Shanghai stocks are losing some of their sparkle, with investors very aware of
sagging world commodity markets and the prospect of new share sales. Either may
pass, but darker clouds threaten here and around the region.
(Sep 25, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
New trend of no trends
With the exception of the Greater Chinese bloc, broader inter-regional patterns
all but broke down this week. There was a slight overall gain in the region,
but this masks an increased geographic divergence among the Asian equity
exchanges. (Sep 18, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Asia marks further gains
Hong Kong stocks led a week of solid advance for the region, pointing to
possible further gains, with the biggest local shadow a decline in turnover.
That market, however, is not alone in returning to recent levels that have
proved tough to break through. (Sep 11, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
More faith than reality
Investors' faith in the China story continues to show a remarkable tolerance of
official mainland economic statistics recognized as considerably flawed. Yet
the volatile market there highlights the risk appetite of those taking the
plunge. (Sep 8, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
All fizz and splutter
Losses at the start of the week were too much to overcome in subsequent
volatile trade. Support levels will now have their strengths tested, Shanghai
for one having an unfavorable outlook. (Aug 21, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Earnings hopes high
The prospect of improving corporate earnings may be behind a continuing
positive market momentum, although not in China, where the froth-heavy Shanghai
market lost more of its recent sheen. (Aug 14, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Catching breath
Recent market rallies are faltering, with Japanese trade suggesting it is time
to take a breather after the powerful gains in Tokyo over the past month, and
even the stellar benchmark Shanghai index is showing signs of exhaustion.
(Aug 7, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Fumes in the air
Asian equities are showing they still have some fuel in the tank, helped by
increasingly speculative foreign funds. But this run-up is definitely no longer
young and could soon be running on fumes. (Jul 31,
'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
First in, fast out
Foreign funds, selective news judgement and limited options for investment in
these dangerous times, are helping to drive Asian stocks upwards and onwards.
Investors can, of course, withdraw their support as quickly as they have given
it. (Jul 24, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.
Asia's rise far from inevitable
Conventional wisdom has it that the global economic crisis is
accelerating the transfer of power and influence from the West to Asia, yet in
reality there are few signs of the vaunted "decoupling". The real gainers will
be those countries that adopt a new production mindset. - Brad Glosserman
(Jul 20, '09)
MARKET RAP
Heady stuff
Funds flowing in from foreign investors and a sense that a worldwide economic
recovery may be genuinely on the way helped to drive Asian stocks to strong
gains - but don't count your dividends until they're in the bank.
(Jul 17,'09)
- R M Cutler runs his eye over the ups and downs in the week's markets.
Historic moment for Asian
finance
The financial panic of 2007-08 and the ensuing great recession have changed the
balance of wealth in the global financial arena. The big question is whether
Asian institutions can take advantage of the change and step up into a
leadership role - or hold back and further delay parity between East and West.
- Scott B MacDonald (Jul 17,'09)
Keynes is not enough
One consequence of the financial crisis is the revival of Keynesian economics.
But the needs of the times go beyond standard measures associated with the
British economist. To solve our problems, we need our own Keynes.- Walden Bello
(Jul 15,'09)
MARKET RAP
Endurance test
The general Asia-wide breather in equities looks set to continue another week,
and if a couple of exchanges, such as the indefatigable Shanghai market, seem
still to have some energy left, their endurance will soon be challenged.
(Jul 10,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
Asia's growth hopes crumble
Early hopes that Asia would be largely immune from the global financial crisis
have been shattered as a collapse in export markets has thrown millions of
people out of work and wrecked prospects millions more had of escaping poverty.
- Chee Yoke Heong (Jul 9,'09)
MARKET RAP
Shanghai sets pace
Shanghai-listed stocks continue to defy concerns of an overheated market and an
absence of strengthening overseas demand for Chinese goods. Across the Taiwan
Strait, investors are also still driving up prices. (Jul
3,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
One more fling before summer?
Asian equity markets crept slightly higher, particularly benchmark indices in
Taiwan, Hong Kong and Singapore. But in India, post-election blues appear to be
setting in. The flirtation with gains is likely to be short-lived, however, as
earnings season looms heavy on the horizon. (Jun
26,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Slow, dangerous drift
Shanghai stands out for its vigor in a largely lackluster week as markets drift
towards levels that may soon evince thoughts of doom and gloom rather than idle
chatter of "green shoots" and recovery. (Jun 19,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
Post-crisis riches ahead for East
Asia leaders
The purchasing power of China, Japan and South Korea will only increase as
Western economies recover, with attendant inflation, from this financial
crisis. That does not mean those Asian countries will seek to drop the use of
the weakening US dollar - quite the reverse. - R Taggart Murphy
(Jun 18,'09)
MARKET RAP
Asia looking short of wind
Japan set the pace as Asian stocks continued to gain, but with the tempo easing
amid signs of increased volatility, this rally may be running a little out of
puff. (Jun 15,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
The charge goes on
Chinese and Indian stocks continue upwards at a pace that increases the
possibility of some consolidation in the near term. Meanwhile, the charge goes
on. (Jun 5,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Onward and upward
Hong Kong led the continuing charge of Asia's stock markets, with Tokyo close
on its heels. Both look well placed for further gains - at least in the near
future. (May 29,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
World Bank of corruption
India and Vietnam head the countries mentioned in a deeply buried report into
corruption involving World Bank aid. More than a decade after bank president
James Wolfensohn started his "Cancer of Corruption" campaign, talk and no
action remain the institution's leitmotif, even as the bank is granted billions
of dollars more to hand out where it sees fit - with few questions asked. - Bea
Edwards (May 27,'09)
MARKET RAP
Testing time ahead
The present medium-term advance appears to be relatively close to exhaustion
across the region, and the markets can now look to see if recently established
supports will hold. (May 22,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
A little cooler
As India's political parties got down to sorting out the results of the general
election, the country's Sensex stock index looked set to be the region's only
real gainer over the week. Markets are coming off the boil - but still look
overheated. (May 15,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
The Chinese riddle
The continuing gains in Asian stocks - Singapore was up nearly 18% this week -
raise the question whether the region can provide an independent impetus to
world equity markets. The trend is strong, but lacking Western demand for
Chinese products, perhaps not long-lasting. (May
8,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
On the cusp, but of what?
All Asia's main equity indices gained in the week to the point where they are
now facing major inflection points. What direction they will take from here is
not so clear. (May 1,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Critical junctures abound
Taiwan stocks continued, if at a less hectic pace, the remarkable recovery they
have made in the past five months, while most others in the region are holding
onto their recent gains - for the present. (Apr
24,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Party mood lingers
The eastern Asian markets of Tokyo, Seoul and Taiwan didn't quite show the
stamina of others in the region over the past few trading days, but still
managed to hold onto most of their recent pace-setting gains.
(Apr 17,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
MARKET RAP
Hope stirs in Asia
A recovery from a desultory start to the trading week raises the prospects that
more might be happening in Asia's stock markets than a brief break from
bear-market misery. Yet these are still early days. (Apr
9,'09)
R M Cutler runs his eye over the ups and downs in the
week's markets.
MARKET RAP
Easy does it
The fireworks were missing, but Asian stocks are continuing their recovery,
with Seoul the first major exchange to confirm its breakout above medium-term
resistance. Tokyo stocks are the next to watch for a measure of this rally's
strength. (Apr 3,'09)
R M Cutler runs his eye over the ups and downs in the week's markets.
The G-20's summit of fear
The problem with the Group of 20 crisis summit in London this week is that it's
all show, masking fear among the global elite that it really doesn't know how
to stabilize the world economy. - Walden Bello
(Apr 1,'09)
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