Japanese Accelerated Perf Fund Share Discussion Threads

[knowing] 30/1/2006 17:29

Asian shares close higher, Tokyo hits 5-yr highs on strong earnings results


TOKYO - Share prices across the Asia-Pacific region closed higher, though most markets were closed for the Lunar New Year holidays, with Tokyo shares hitting their highest level in more than five years on the back of strong corporate earnings and the stronger US dollar, dealers said.

The blue-chip Nikkei 225 Stock Average finished up 90.55 points or 0.55 pct at 16,551.23, after touching a high for the day of 16,754.60. It was the Nikkei's highest closing mark since Sept 4, 2000, when it settled at 16,688.21

The broader TOPIX index of all first-section shares closed up 13.96 points or 0.8 pct at 1,704.28, off a high of 1,721.92.

The government reported that industrial output rose a seasonally-adjusted 1.4 pct in December from the previous month, rising for the fifth straight month, and was up 3.8 pct year-on-year. The market consensus was for month-on-month growth of 1.8 pct.

Among those which reported results today, Canon said its net profit for the year to December rose to 384.1 bln yen from 343.3 bln yen a year earlier.

Sumitomo Corp said its April-December net profit rose to 131.1 bln yen from 76.4 bln a year earlier, while Sojitz Holdings Corp, a heavily-indebted trading company, said it swung back into net profit in the nine months to December.

[knowing] 28/1/2006 16:32

Subscription site: Analysts Expect Nikkei To Climb, Test Upside Nikkei Interactive 19:49 27-Jan-06

Subscription site: Individual Investors Sparked Nikkei Index's Stunning Recovery Nikkei Interactive 19:49 27-Jan-06

[supermum] 28/1/2006 08:28

yep.. it sure was! 16697 mid price.. but this has been a parabolic rise and I am running a stop at 16510 which is the bid price on breakout. soooo Sunday night will be interesting!

SM

[va va voom] 27/1/2006 23:21

Nice indeed ;)

[knowing] 27/1/2006 21:13

Nice close on the futures.

[knowing] 27/1/2006 20:16

NEW YORK (AFX) -- U.S.-listed stocks of Asian companies rallied Friday,
catching up with gains in their home markets after strong results from Sony and
a positive close on Wall Street overnight pushed Tokyo's benchmark index to a
five-year high.
The Nikkei closed up 556.66 points, or 3.6%, at 16,460, marking its biggest
one-day rise in nearly four years. The index has recovered all the losses
suffered last week following the implosion of Internet site Livedoor.
Other markets in the region were swept up in the rally, with South Korea's
Kospi adding 2.4%, Hong Kong's Hang Seng rising 1.5% and Sydney's S&P/ASX 200 up
1.2%.
In New York, the Bank of New York's Asia ADR Index was last up 1.6% at
140.72, outperforming the broader Bank of New York Composite ADR Index, up just
0.7% at 143.62.
In addition to Sony's earnings, Japan was boosted by data showing its core
nationwide consumer price index rose 0.1% in December from a year earlier,
pointing to a rebound in inflation. It was the first time the core inflation
rate, used by the Bank of Japan as a primary measure of prices, had risen for a
second consecutive month on a year-over-year basis since April 1998.
"It was notable that, after the inflation data, Finance Minister Tanigaki
said that Japan was still in a mild deflation," said Steve Barrow, chief
currency strategist at Bear Stearns. "But clearly this is all an attempt to make
sure that the BoJ does not tighten too aggressively when it begins to remove
accommodation."
Bear Stearns is expecting such removal to start in April or May.
Sony saw its American Depositary Receipts climb as much as 5% to $51, after
the music and electronics giant said third-quarter earnings rose 18%, driven by
strong sales of game machines and flat-panel televisions.
Sony also lifted its full fiscal year outlook to earnings of 70 billion yen
($600 million). The company had earlier forecast a loss of 10 billion yen. The
ADR was last up 2.8%.
Also in Japan, mobile-phone company Kyocera added 4.3% to $82.93 and
precision auto parts company Nidec rose 4% to $23.18.
In South Korea, there was positive news in December industrial production
data, showing output up 11.3% year-on-year.
Steelmaker Posco was the chief advancer among individual ADRs, caught up in
the euphoria generated by Mittal Steel's unsolicited $22.7 billion bid for
Luxembourg-based Arcelor.
Mittal is the world's biggest steelmaker, Arcelor the second biggest.
The deal comes four days after Arcelor ended a bruising battle with
Germany's ThyssenKrupp to buy Canada's Dofasco for $4.9 billion. Mittal is now
pursuing a side deal to sell Dofasco to Thyssenkrupp, igniting speculation of
further deals in the steel sector right across the world.
Posco was last trading up 4.3% at $57.48.
Liquid crystal display-maker LG Philips was up 3.6% at $23.39, boosted by
Sony's strong earnings.
In Sydney, oil company Santos was the key gainer, adding 4.6% to $39.70.

[knowing] 27/1/2006 12:27

TOKYO (AFX) - Livedoor's new president sought the support of Fuji Television
Network, its second largest shareholder following the arrest of its disgraced
founder Takafumi Horie.
It was the first meeting between Livedoor and the major broadcaster since
Horie was arrested Monday for alleged illegal trading.
"We would like to clearly tell (Fuji Television officials) that we want to
maintain our strategic partnership," Livedoor president Kozo Hiramatsu, who
replaced Horie Wednesday, said ahead of the meeting.
During the talks, Fuji Television officials promised to continue
negotiations on their business relations but did not give any clear response to
Livedoor's request, Japan's public broadcaster NHK said.
Fuji Television officials also called on the Livedoor manager to submit a
"correct composition of finances," NHK said.
Prior to the meeting, Fuji Television chairman Hisashi Hieda told reporters:
"We cannot make a decision yet. People's minds cannot change so easily."
Fuji Television bought 12.75 pct of the shares in Livedoor in a truce last
year after a two-month takeover battle.
In February last year, Horie began an aggressive takeover bid for a crucial
Fuji unit, Nippon Broadcasting System radio, in hopes of ultimately winning
control of the television giant.
But the companies agreed in April to put an end to the takeover battle and
instead form a "strategic partnership" including Fuji's purchase of Livedoor
stocks in return for buying back shares in the radio unit.

[knowing] 27/1/2006 10:03

HONG KONG (AFX) - Shares prices across the Asia-Pacific region closed higher
with Japan at its highest level in more than five years on the back of
encouraging earnings from Sony as well positive December consumer price data,
dealers said.
The blue-chip Nikkei 225 Stock Average finished up 569.66 points or 3.6 pct
at 16,460.68, its peak for the day. It was the highest closing mark since Sept
8, 2000 when it settled at 16,501.55.
The broader TOPIX index of all first-section shares closed up 47.03 points
or 2.9 pct at 1,690.32, off a high of 1,691.18.
"Sony's results led the market today. The surprisingly upbeat numbers gave
the market its strong upward impetus, raising hopes for better-than-expected
results from other companies," said Norihiro Fujito, a senior investment
strategist at Mitsubishi UFJ Securities.
He noted that some solid US corporate reports were also helping to underpin
optimism in the local market.
Strong consumer price data also aided sentiment, with news earlier that core
CPI in Dec rose 0.1 pct year-on-year, the second month in a row the closely
watched figure has posted an annualised rise. The data have increased optimism
that the country is now emerging from a long period of deflation.
Tokyo core CPI meanwhile rose 0.1 pct in January from a year ago, the first
rise since August 1998.
Sony announced yesterday that it booked its highest ever quarterly net
profit of 168.8 bln yen and record revenue of 7.4 trln yen in Q3, thanks to a
resurgence in two of its core businesses, consumer electronics and games.
Over the week, the Nikkei gained 4.8 pct, well and truly throwing off the
heavy selling seen last week in the wake of Livedoor inspired sell-off.
The market closed 20 minutes early on Wed Jan 17 after news of a probe into
Internet portal Livedoor over suspected breaches of securities laws triggered a
wave of selling that prompted the exchange to pull the plug early, fearing its
system would not cope with the mountain of orders.
This week the TOPIX gained a total of 4.1 pct.
Share prices in Australia also hit fresh record highs on hopes for prolonged
high commodity prices and amidst takeover rumors, dealers said.
The expectations for continued strength in commodities propelled index
leader BHP Billiton to an all-time peak. Banks were also supported as investors
are expecting the benign interest rate climate to remain for awhile.
Dealers also noted that proposed changes to media ownership laws have fueled
speculation that newspaper publisher John Fairfax might become embroiled in a
takeover battle even before the laws are changed.
The S&P/ASX 200 climbed 57.9 points or 1.19 pct to close at 4,919.3,
overtaking the previous record close of 4,866.1 on Tuesday, Jan 17.
For the week the S&P/ASX 200 gained 64.9 points or 1.33 pct.
Dealers said BHP Billiton and Rio Tinto, which together account for 12.2 pct
of the S&P/ASX 200, received an extra boost from the outcome of coking coal
price negotiations with Japan's steel mills.
Reports, which have still to be confirmed by the two mining giants, said
prices for premium quality hard coking coal have been settled at 8.0 pct less
than prices agreed to a year ago.
Analysts said the outcome is better than the expected reduction of 10-12
pct, and prices remain at high levels in historical terms.
BHP Billiton added 0.97 or 3.87 pct to a record close of 26.05 while Rio
Tinto rose 2.14 or 2.89 to a record 76.10.
CMC Markets senior dealer, James Foulsham, said BHP Billiton and Rio Tinto
were the two standout stocks for the day and helped lift the rest of the market
higher.
"BHP opened stronger and continued to push higher throughout the day as
traders scrambled to get on board as the stock continues to break record high
after record high," Foulsham said.
Share prices in Hong Kong closed sharply higher on Wall Street's overnight
gains and the Tokyo market's continued rally, dealers said.
Fresh funds inflows also provided support ahead of the Lunar New Year, they
said.
Hong Kong's Hang Seng index closed up 233.07 points at 15,753.14.
"Hong Kong took a lead from Wall Street, Tokyo and other overseas markets,
and this explains gains this morning," said Howard Gorges, vice chairman at
South China Securities.
"The rally which started at the start of the year and which was interrupted
by a small correction appears to be continuing. Most investors are bullish," he
said.
Share prices in Seoul closed sharply higher on foreign investor support,
rising for a fourth session, with large cap IT and financial stocks leading the
rally, dealers said.
Wall Street's overnight gains and South Korea's solid December industrial
production, released this morning, suppressed any profit-taking moves ahead of
the Lunar New Year holidays.
Industrial output expanded 11.3 pct year-on-year in December, extending
double-digit growth for a second month, helped by reviving domestic demand and
robust exports.
"Production, consumption and investment all enjoyed significant growth last
month," the National Statistical Office (NSO) said.
The KOSPI index closed up 31.81 points or 2.35 pct at today's high of
1,384.56, after trading as low as 1,363.12.
Share prices in Singapore were also higher on expectations that there will
be more earnings upside surprises after major technology companies reported
better-than-expected results this week, dealers said.
Technology stock Chartered Semiconductor was sharply higher after it posted
net profit for the fourth quarter to December of 26.52 mln sgd, well above
market expectations, dealers said.
Pacific Century Regional Developments Ltd (PCRD) was sharply higher on
resumption of trade following an offer from Newbridge Capital to buy more than
25 pct of the company, dealers said.
Newbridge's offer involves a price of 0.27 sgd per share, or a 27.6 pct
premium over the weighted average share price for the last three months,
according to a joint statement by Newbridge and Singapore-listed PCRD. At 3.54
pm local time, the Straits Times Index was up 23.70 points or 0.99 pct at
2,411.92.
Stockmarkets in mainland China and Taiwan were closed for the Lunar New Year
holiday.

[mart] 27/1/2006 09:02

sm
Exciting or what.

[supermum] 27/1/2006 06:14

yep I guessed that!! BUT... this is the first time I have s/b the nik... I usually do warrants... and I have just come down to see the closing prices... I took the nikkei 2 days ago at 15730, added to it last night, was stunned to see the speed of the rise at final knockings just now. and missed closing out by about 10 secs! 719 points!!! boy, would I have locked in THAT this morning!

SM

[va va voom] 27/1/2006 02:28

supermum,

Thanks! - It's a long story but I finally sussed it out earlier tonight ;)

All the best ... as you can guess, I don't spread bet!!! ;)

[supermum] 27/1/2006 01:50

VVV... have a look at this...
live prices on the front page and youdont even have to register for it.. and its cash.. not contract..

SM

[va va voom] 26/1/2006 19:48

Knowing,

I'm going to shut up about this matter because I don't want to bore people but I tried your link above and again all I can get is future Nikkei contract prices for Feb and March 2006 - I know that they are indicative bet prices on what the future holds but they are not specifically Nikkei future (next opening time) prices ..... I give up, I'll stick to my Bloomberg site and do the maths instead :-(

Thanks for your pointers.

[va va voom] 26/1/2006 19:06

Can we please get to the bottom of this once and for all.

cmillar - your site link offer details of Nikkei March future contracts which is not what the Nikkei is likely to start tonight but in March.

The nigindex link is not representative Nikkei future prices tonight - it is instead a bookies odds site.

The best site that I can find for Nikkei 225 futures is

Can we agree or disagree?

[knowing] 26/1/2006 17:05

HONG KONG - Share prices across the Asia-Pacific region ended mixed with Japan higher on the US dollar's rise against the yen and on waning concerns over problems at Internet firm Livedoor, dealers said.

The blue chip Nikkei 225 average finished up 240.02 points or 1.5 pct at 15,891.02, its high for the day, while the broader TOPIX index of all first-section shares closed up 24.83 points or 1.5 pct at 1,643.29.


"Livedoor shares finally got executed orders yesterday, and the price (even if the stock plunged) wasn't that bad. Investors now think given this, all the negative impact is out," said Hideo Mizutani, a chief strategist at Sieg Securities.

The market had been shaken by news of the arrest of the former president of the Internet company amid allegations of financial irregularities.

After the market close Sony reported record results for the third fiscal quarter ended in December. Its shares closed up 260 yen at 5,210 yen.

[vatattack] 26/1/2006 17:00

Higher still now...

Check the live feed on IG,

[cmillar] 26/1/2006 16:48

I see that the CME globex futures have the Nikkei up at 16150


and that the SG Warrants are opricing this in too...

Sony shares up massively as well.....

[knowing] 26/1/2006 08:13

Sorry Mum just saw your post. If you still need them 15975

[supermum] 25/1/2006 19:21

knowing... am at work and have no access to monitor... please could yo let me know the nik futures pls???

SM

[knowing] 25/1/2006 19:08

Asian shares close up, Tokyo edges higher on Wall St, oil prices


HONG KONG - Share prices in the Asia-Pacific region ended up with Japan edging higher to finish just in positive territory, aided by further gains on Wall Street overnight and falling oil prices, dealers said.

However they added that players were reluctant to push the market up significantly as they await cues from a spate of December quarter corporate earnings starting with high tech firms later today.

Early gains driven by Wall St and softer oil prices were pared back towards the close as some players cashed out of the market ahead of the results release of major firms including NEC Corp and Sony.

The blue-chip Nikkei 225 Stock Average finished up 2.11 points at 15,651.00 after touching a high of 15,849.52, while the broader TOPIX index of all first-section shares gained 6.03 points, or 0.4 pct, to finish at 1,618.46, off a high of 1,636.83.

"Share prices had earlier gotten a lift from gains in the US and a slide in crude oil prices overnight," said Hideo Mizutani, chief strategist at Sieg Securities.

Share prices in Australia closed higher as investors were buoyed by a further overnight rise in Wall Street, while solid earnings locally added to the positive sentiment, dealers said.

They said major banking stocks rebounded after yesterday's fall, with better than expected inflation data for the December quarter easing concerns of rate hikes that would hurt the sector's earnings.

The S&P/ASX 200 rose 36.6 points or 0.76 pct to close at 4,861.4, just a short distance off the last record close of 4,866.1 on Tuesday 17 Jan.

In Hong Kong, share prices were trading flat in the afternoon in cautious trade ahead of the settlement of January futures contracts tomorrow and the upcoming Lunar New Year holidays, dealers said.

The market will be closed next Monday and Tuesday. At 3:39 pm, the Hang Seng index was up 3.45 points at 15,534.02. In mainland China, A-shares in Shanghai and Shenzhen shrugged off early weakness and closed higher on inflows of fresh funds with blue chips gaining ground, dealers said.

The Shanghai A-share Index rose 6.17 points to 1,318.91 on turnover of 13.25 bln yuan and the Shenzhen A-share Index was up 1.0 points at 317.36 on turnover of 8.09 bln yuan.

[supermum] 24/1/2006 21:01

knowing... the trick with bigcharts is knowing the ticker!

SM

[knowing] 24/1/2006 20:53

HONG KONG - Shares in the Asia-Pacific region finished mostly up with Japan supported by a rebound on Wall Street, dealers said.

A slight easing in oil prices today after touching four month highs also aided sentiment, they said.

The blue-chip Nikkei 225 Stock Average closed up 288.24 points or 1.5 pct at 15,648.89, off a high of 15,685.14.

The broader-based TOPIX index of all First Section shares gained 24.53 points or 1.92 pct at 1,612.43, off a high of 1,615.85.

Tokyo prosecutors yesterday arrested Livedoor head Horie and three other Livedoor executives on suspicion of spreading false information to improperly boost the company's share price.

Following the arrests the Tokyo Stock Exchange placed Livedoor and affiliate Livedoor Marketing Co on its monitoring list. That status means if the firm is unable to satisfactorily clear its name the exchange can move to swiftly delist it.

Last week when news of the Livedoor probe broke the main Nikkei index slumped nearly 1,000 points in two days with the stock exchange forced to shut down 20 minutes early on Wednesday for fear its computer system may not be able to handle the large volume of orders and transactions lined up.

[knowing] 24/1/2006 11:08

Pomp stick it on the Fund thread.