- Was bitte war genau in Japan los? - BossCube, 21.03.2001, 08:32
- Re: Was bitte war genau in Japan los? - Sascha, 21.03.2001, 08:47
- Hallo Sascha, man sollte glatt Puts kaufen! oT. - BossCube, 21.03.2001, 08:53
- Stimmt! Bei diesem Stand sind die viel zu hoch bewertet owT - Sascha, 21.03.2001, 08:55
- Despite Worries Tokyo Shares Rally - Sascha, 21.03.2001, 09:07
- Tokyo Stocks Soar More Than 7 Pct. (Kurzartikel) - Sascha, 21.03.2001, 09:17
- Stimmt! Bei diesem Stand sind die viel zu hoch bewertet owT - Sascha, 21.03.2001, 08:55
- Re: Was bitte war genau in Japan los? - Puts Kauf - Black Jack, 21.03.2001, 09:02
- Hallo Sascha, man sollte glatt Puts kaufen! oT. - BossCube, 21.03.2001, 08:53
- frama weiss was gescheites dazu zu sagen (link) (owT) - Henning, 21.03.2001, 09:25
- frama weiss was gescheites dazu zu sagen (link) / Das ist auch interessant - Sascha, 21.03.2001, 09:48
- Das ist auch interessant - Henning, 21.03.2001, 09:53
- frama weiss was gescheites dazu zu sagen (link) / Das ist auch interessant - Sascha, 21.03.2001, 09:48
- Re: Was bitte war genau in Japan los? - Cujo, 21.03.2001, 10:16
- Re: Was bitte war genau in Japan los? - Sascha, 21.03.2001, 08:47
Despite Worries Tokyo Shares Rally
Despite Worries Tokyo Shares Rally
Wednesday March 21, 2:28 am Eastern Time
By DIRK BEVERIDGE
AP Business Writer
HONG KONG (AP) -- <font color="#FF0000">A powerful rally in Tokyo </font>stole the show in Asian stock trading on Wednesday, and smaller markets quickly contained their losses in reaction to a smaller-than-expected U.S. interest rate cut.
<font color="#FF0000">Japanese shares surged by around 7.5 percent in the late afternoon amid speculation the government was buying into the market to prop up prices</font> -- after traders shook off early concerns that the latest U.S. rate reduction was not big enough.
Japan's stumbling economy has long been a global worry, but a cut early this week in Japanese interest rates to almost zero plus the announcement of planned measures to reduce bad bank debts helped <font color="#FF0000">push the market sharply higher.</font>
"I think people are taking a bit of a gamble that this is a harbinger of good things ahead,"" said Peter Morgan, chief economist at HSBC Securities in Tokyo. <font color="#FF0000">"I was a bit shocked."</font>
<font color="#FF0000">The 225-issue Nikkei Stock Average had surged by late afternoon to show a gain of 7.49 percent at 13,103.94 points.</font>
Traders around the world were disappointed the U.S. Federal Reserve had cut interest rates by just a half point -- not the three-quarters point many had hoped for -- on Tuesday.
<font color="#FF0000">But despite drops of 2.4 percent by the Dow Jones industrial average and 4.8 percent by the Nasdaq composite index, any damage in Asia came quickly under control.</font>
"Basically the U.S. was disappointing," said Tan Kim Chye, an analyst at the brokerage G.K. Goh in Singapore, where shares had narrowed their red ink to just 0.3 percent by midafternoon.
Tokyo's rally helped pull prices in Seoul slightly higher by the close, with the Kospi index up 0.19 percent after reversing early losses.
Hong Kong's Hang Seng Index was down by 1.2 percent in the afternoon, showing a partial recovery from its morning loss of 2 percent.
Prices in Manila finished with a drop of 1.3 percent.
"Expectations on U.S. rates were not met," said fund manager Edison Yap at Equitable PCI Bank in Manila."But such expectations are dubious, given that the risk of a global economic slowdown has moderated, with the U.S. economy appearing to have bottomed out.""
Taiwan shares closed with a loss of 0.3 percent at 5,623.42 -- and dealers tried to tout weakness in the market as a buying opportunity.
"A lot of investors have sidelined large amounts of cash," said William Moomaw, at Jih Sun Securities in Taipei."And they'll be buying on lows."
Quelle: AP
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