Singapore (Benchmark News) – stock exchange of positive moves in early Asian trade Monday (9/1/2017). Reinforcement responds to the movement of the Dow touched the level of 20,000 on trading late Friday yesterday.
ASX index rose 1.06 percent with support from all sectors of stocks in the positive area except for gold stocks. Fortescue Metals shares down 3.21 percent to A $5,87 per share. While Rio Tinto is from 1.08 percent at A $59,49, after Australia’s Department of industry, innovation and Science estimated iron ore price at US $51,60 per ton this year and US $46,70 in 2018. While the current price of about US $80.
In South Korea, the Kospi wavered between positive and negative territory, and last traded rose 0.05 percent, such as quoting cnbc.com.
Shares of Samsung Electronics rose 2.65 percent to 1,858,000 (US $1.543 22,30,35) after the company on Friday said fourth quarter profit likely surged 50 percent year-over-year. This beat a strong chip sales estimates and a rebound in sales of smartphones.
Positive Outlook came despite a slight decline in revenues and the negative impact of the cancellation Galaxy Note 6 fire-prone.
“We believe Samsung Electronics ‘ earnings power should increase substantially in terms of stability and visibility, thanks to a diverse revenue stream and many distinguished competitiveness especially in NAND and OLED,” CIMB said in a note released last Friday after an official statement from Samsung.
NAND flash is a type of technology used in memory cards, while OLED is an organic compound that is used to display the electronic screen.
China’s Shanghai composite index was almost flat while the Shenzhen composite slipped 0.1 percent. In Hong Kong, the Hang Seng index effectively changed.
Shares of ZTE 1.34 percent down at 15.41 yuan per share, after the telecommunications equipment maker announced it would trim about 3,000 jobs, amounting to about 10 percent of total employment. Today Japan Stock Exchange was closed for a holiday.
Moderate rise in Wall Street trading on Friday (6/1/2017) have pushed the index 500 and Nasdaq Index S&P fix new record highs.
While Dow Jones index broke through the psychological level still strives to 20,000. historic This responds to the strengthening of the U.S. job data in December that become positive for investor sentiment.
The third major indexes on Wall Street posted a reinforcement for the week was solid. This trend continued after the U.S. presidential election rally on the Wall Street stock exchange.
Stretching the U.S. economy creating new jobs 156,000 in December 2016. This data is below expectations on the economy surveyed marketwatch.com at 180,000 jobs. While the unemployment rate was at 4.7 per cent … (Red)