Far East Markets - Taiwan, Korea, Hong Kong, China and India Message Board

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Strategies & Market Trends : Far East Markets - Taiwan, Korea, Hong Kong, China and India

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From: BigSwingingD	4/27/2005 3:58:31 AM
	of 30

Korea Korea lost 1.5% today making it the biggest loser in Asian markets today…Selling across the board…volume steady with prior sessions at 391mm shares trading hands… Steels being hard hit…INI down 5% and Posco following suit -2.6%…following from weakness in US Steel… Defensives also suffered as Kepco lost 2.6%….ADR looked like reversed last night… Despite banking shares ending lower, Kookmin came out with results after market close…beat expectations by posting new profit of W345bn against a median projection of W249bn… mainly achieved by cutting provisions by 70%…stock closed down 2.7%.. Taiwan Early gains disintegrated as the day wore despite positive momentum after the results of AUO and TSM yesterday just after market close…Volume at $1.5bn …Weak US overnight performance combined with negative pressure from banking stocks were the main reasons…key Taiwan economic indicator turned negative yesterday… AUO was up 1% on very strong volume...nearly touching key NT50 level…most active today in the market…Hannstar and Chi Mei down -0.4% and 1% respectively losing some ground after strong gains yesterday… Chip-makers fared better as TSM closed on today’s highs up 1.1%…UMC ahead by 0.2% before results out after market close…marginally better than expectations...

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