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March 14, 2011 ---- Market today at this moment .

Japan’s natural disaster badly effected the market too. Last Friday it couldn’t able to do this because news came late, but today it shows the reaction, indexes were more than 6% down. But markets in other parts of Asia are not much effected with this.



Index
14th March-11
    ( % )



AUSTRALIA
4626
-0.40%



New Zealand
3361
-0.64%



NIKKEI
9260
-6.18%



KOSPI
1971
0.80%



HANG SENG
23345
0.41%



THAI
1022
1.57%



INDONESIA
3569
0.78%



STRAITS
3030
-0.41%



SHANGHAI
2937
0.13%



SENSEX
18439
1.46%



I was reading somewhere that Tokyo stock exchange lost $283 billion in market value today. Some big companies in Japan like Honda, Nissan  are down by big margin, some sectors related to nuclear and power effected much. But all are not bad some sectors are taking profit from this situation, sectors such as construction, engineering, some of the companies in these sectors show some big jump in their value. As there is expectation that these companies will gain much in rebuilding the country. Some help came from Bank of Japan, which is going to inject $183 billion in to the banking system. If corrections happen this way some huge buying can come tomorrow in later stage.

Ex–Japan,  Asia's performance is better, in fact for some market it is much better. Though market such as Australia and new Zealand suffered the initial heat. Some countries like Korea may be expecting increase in production since production is halted in Japan, so this may be a bullish news for those countries. MSCI Asia Pacific index was down to less than 134 but later it recovered to some extent.  Australian and new Zealand dollar fell today.

Price of crude is now coming down though there may have a Japanese effect but  I think any bad news from Saudi Arabia may again fuel it’s price in upward direction and also there is some unrest in countries such as Bahrain, Yemen e.t.c.

In spite of this uncertain time gold is not making much movements that makes me doubtful about it’s up move from here. As industrial outlook is hampering so copper is also down today. Japanese govt. bond yield drops today as investor are looking for it.


European leaders agreed to increase the region of rescue fund. This is a good news for Euro zone as Yield are falling for Greek and Portugal bonds on news about rescue fund. But there is a risk of rising interest rate in UK this may hamper their stock market.
Insurance companies are making losses in Europe , they are also facing the heat of Japan like the uranium companies of Australia and other parts of the world.

Main stock index in Europe are down but probably the rescue fund news makes markets like Greece and Portugal to gain at this moment.


Index (Now)
14th March-11
    ( % )



RUSSIA
7067
1.07%



FTSE
5800
-0.48%



CAC
3891
-0.95%



DAX
6876
-1.50%



CANADA
13600
-0.54%



DOW
11942
-0.85%



BOVESPA
66414
-0.41%



US index future were down today, as well as Bovespa  that also reflect in cash market, everyone is afraid of Japanese impact. Actually market needs some issue to be down, they were in over-bought position. Since this oil price and inflation fever is not giving enough room, now it gets it through this natural disaster.

Look like Libyan problem reduces but bigger problem can be from Saudi Arabia.
The nuclear explosion and resulting damage from it not only can create panic in Japan but also around the world as I just saw some news like 2nd explosion in Japan.  So tomorrows market can start  with fear, originally the trend was down and these events are making market more vulnerable. Though some de-coupling can happen in some markets which are already down too much like which happens today in Indian market.




NOTE :  Please see the disclaimer of this blog .


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