Dear all,
Wah maaf nih pak, kalo saya boleh kasih saran sedikit
tentang news,
mungkin akan labih baik jika ditranslate ke bahasa Indonesia.
Sehingga para pembaca lebih mudah dalam mamahami. Yah paling tidak
diberikan comments sedikit terhadap news yang sudah dirilis
tersebut.
Hidup... Trader
Indonesia.........
Regards,
Aditya
--- In obrolan-bandar@yahoogroups.com,
"jsx_consultant" <jsx-
[EMAIL PROTECTED]..> wrote:
>
>
Asian Stocks Snap Five-Day Rally on China Rate Rise, Oil Price
> Aug. 21
(Bloomberg) -- Asian stocks fell, snapping a five- day
rally,
> after
China increased interest rates and oil prices rose. Toyota
> Motor Corp.
and LG Electronics Inc. led declines.
>
> The Morgan Stanley
Capital International Asia-Pacific Index lost
0.6
> percent to 129.53
at 1:05 p.m. in Tokyo. The measure jumped 3.3
> percent last week.
Companies that rely on overseas sales were the
> biggest drag after
China's government on Aug. 18 raised borrowing
> costs to cool
investment.
>
> ``It's difficult to bet on companies that are
sensitive to the
global
> economy,'' said Takeshi Yamaguchi, who
looks after $674 million at
> Sumitomo Mitsui Asset Management Co. in
Tokyo. ``China's rate
> increase this time showed the central bank is
becoming more
> aggressive about controlling inflation and I worry a bit
about its
> impact to exporters.''
>
> Commodities stocks
such as BHP Billiton rose after crude- oil
prices
> had their biggest
gain in three weeks, while metals such as copper
> and zinc advanced.
>
> Japan's Nikkei 225 Stock Average slipped 0.8 percent to
15,965.81.
> Exporters also slid after a report showed consumer
confidence
dropped
> in the U.S., Japan's largest overseas market.
>
> The Shanghai Composite Index, which tracks yuan-denominated A
shares
> and foreign-currency B shares, lost 0.6 percent, while the
Hang
Seng
> Index in Hong Kong declined 1.5 percent. Taiwan's Taiex
index
dropped
> 2.8 percent, Asia's biggest slide. Indexes fell
around the region
> except in Australia. Markets were closed in the
Philippines and
> Indonesia.
>
> Toyota, the world's
second-largest automaker, slid 2 percent to
6,360
> yen. Sony Corp.,
the world's second-largest maker of consumer
> electronics, lost 1.1
percent to 5,250 yen. Taiwan Semiconductor
> Manufacturing Co., the
world's largest maker of customized chips,
> slumped 2.4 percent to
NT$58.20.
>
> China's Rates
>
> The People's Bank of
China raised the one-year lending rate 27
basis
> points to 6.12
percent. The one-year deposit rate was increased by
> the same amount to
2.52 percent. Seven of 22 economists surveyed
by
> Bloomberg News on
Aug. 16 forecast China would boost the lending
rate
> by Sept. 30.
>
> Rate increases on April 27 and October 2004 failed to slow
China's
> economy, which expanded 11.3 percent in the second quarter, the
most
> in more than a decade. Failure to rein in lending and
investment
> could leave China with too many factories, falling profits
and
rising
> bad loans, the World Bank says.
>
>
``China's tightening measure will have a direct impact on Asian
>
companies that feed on its hyperactive growth,'' said Simon Chao,
who
> helps manage $1.4 billion at President Investment Trust Corp. in
> Taipei. ``Investors should reduce investments in exporters.''
>
> `Negative Impact'
>
> The Chinese central bank joins its
counterparts in Europe, the
U.S.
> and Asia in raising borrowing
costs to curb rising price
pressures.
> South Korea and Australia
this month also increased their
benchmark
> interest rates.
>
> ``If central banks globally keep raising interest rates, that will
> have a negative impact for equity markets across Asia'' because
they
> are export-oriented, said Choi Chang Hoon, who helps manage
about
> $1.1 billion in South Korean equities at Woori Credit Suisse
Asset
> Management Co. in Seoul.
>
> Honda Motor Co.,
Japan's third-largest automaker, slid 2.3 percent
to
> 3,870 yen. AU
Optronics Corp., Taiwan's largest maker of liquid-
> crystal displays,
dropped 3 percent to NT$48.25. Stats Chippac
Ltd.,
> Southeast Asia's
largest provider of testing and packaging
services
> for computer
chips, lost 2.9 percent to S$1.01.
>
> `Taking Their Cues'
>
> The University of Michigan's preliminary index of sentiment
released
> on Aug. 18 declined more than forecast, to 78.7 from 84.7
in July.
> Waning optimism threatens to slow U.S. consumer spending,
which
> accounts for about three-fourths of gross domestic product.
> Economists forecast a drop to 83.8.
>
> ``Asian equity
markets are still taking their cues from the
external
> environment,
including the slowdown in the U.S. economy,'' said
Hans
> Goetti, a
Singapore-based managing director at Citigroup Private
> Bank, which
oversees about $1.5 billion of assets in Asia.
>
> Oil futures in
New York on Aug. 18 climbed 1.5 percent to $71.14 a
> barrel. The gain
was the most since July 31. Oil recently traded
at
> $71.47.
>
> BHP Billiton, the world's largest mining company and Australia's
> largest oil producer, added 1.2 percent to A$28.44. Woodside
>
Petroleum Ltd., Australia's No. 2 producer, rose 1.7 percent to
>
A$43.05.
>
> An index of materials stocks on the MSCI Asia-Pacific
index gained
> 0.2 percent, the biggest percentage advance of the 10
industry
> groups. Sumitomo Metal Mining Co., Japan's second- largest
copper
> smelter and biggest gold producer, climbed 1.3 percent to 1,682
yen.
> Zinifex Ltd., the world's second-biggest zinc producer, jumped
2.7
> percent to A$10.86.
>
> An index of six metals
including copper and zinc on the London
Metals
> Exchange rose 1.9
percent on Aug. 18, the fourth gain in five
days.
> Copper in New
York climbed 2.5 percent.
>
> To contact the reporter on this
story: Darren Boey in Hong Kong
> [EMAIL PROTECTED] ; Makiko Suzuki in Tokyo at
> [EMAIL PROTECTED].
>
> Last Updated: August 21, 2006
00:07 EDT
>
