Volatile Markets
Asian markets were seen to be volatile the week of December 18, 2005 with year-end holidays fast approaching and trading volumes expected to thin out.
"Given the stellar run many markets have had in the last few weeks, regional stocks look particularly vulnerable to any profit taking," Pakistan’s Daily Times Website said.
The website added that Asia’s top three performing major share markets (South Korea, Japan and India) all hit fresh milestones for the week ended December 16 after markets have been on fire for the past month. This makes the market liable to the risk that people will start locking those profits for the year before they go on holidays.
As continued concerns over the impact of a stronger South Korean Won could cap broader gains for Korea, mid-December forex reserves are expected to increase as buying shows to be still strong while Hong Kong’s currency continues to be pegged to the US Dollar.
(Highlights of Asian Markets Seen Volatile Next Week, DailyTimes.Com.Pk)
"Given the stellar run many markets have had in the last few weeks, regional stocks look particularly vulnerable to any profit taking," Pakistan’s Daily Times Website said.
The website added that Asia’s top three performing major share markets (South Korea, Japan and India) all hit fresh milestones for the week ended December 16 after markets have been on fire for the past month. This makes the market liable to the risk that people will start locking those profits for the year before they go on holidays.
As continued concerns over the impact of a stronger South Korean Won could cap broader gains for Korea, mid-December forex reserves are expected to increase as buying shows to be still strong while Hong Kong’s currency continues to be pegged to the US Dollar.
(Highlights of Asian Markets Seen Volatile Next Week, DailyTimes.Com.Pk)
posted by creditinfo at 1:48 AM
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