Monday, January 04, 2010

Asian market opens mixed

Stock markets in Asia opened 2010 trading with mixed sentiment. Nikkei surged 1.3% on weak yen that boosted export-related stocks, but Hang Seng and Straits Times opened lower this morning. Others opened with small gain. Australia's All Ordinaries increased 0.3%, while Kospi inched up 0.1%.
Dow Jones Industrial Average (DJIA) closed 2009 trading with 1.14% correction, while Nasdaq declined 0.97%. IDX opened in higher grounds by 0.36% in the pre-opening session. 
Coal-related stocks opened mixed this morning, with BHP inched up 0.12% in Sidney, while Straits Asia opened lower by 0.77% on SGX. China Coal opened lower by 0.3% in Hong Kong, but Shenhua increased 0.66%.
CPO Futures trading on Malaysia Derivatives Exchange pointed to strong opening with sellers asked for up to RM2926 per ton for April 2010 delivery, while buyers bid on RM2652. CPO Futures for March delivery closed at RM2663 per ton last year. 




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