Weekly Overview: March 5 to March 10, 2007

This week Asian stock suffered a "Black Monday". The Yen carry trade liquidation, as well as US economic growth slowdown, continued to hit the international stock markets .....

YT Kum, CFA 12.03.2007
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This week Asian stock suffered a "Black Monday". The Yen carry trade liquidation, as well as US economic growth slowdown, continued to hit the international stock markets. Hang Seng Index Monday slumped and experienced the worst day since 9/11, and later fluctuated in the other days. HSBC last year had the slowest earning growth during the recent five years, dragging down its stock price. Li & Fung was hit by the slowing-down US economy but later rebounded. ICBC and China Life, who will be added in as HSI constituents, rose steadily, while China Mobile and HSBC, whose weights will decrease, fall or flat this week. Although Hong Kong stock market was in an untamed zone, the index did not fall as much as before. HS

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About Author

YT Kum, CFA  YT Kum is a consultant for Morningstar, contributing to manager selection and asset allocation activities in Asia, and is responsible for providing investment thought leadership on topics relevent to investors in Asia.  

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