Wednesday, October 17, 2007

Climbing a Wall of Worry

The HK market opened down but closed up. There appears to be buying support at around 28,500. Yesterday, the story was the changing leadership. Today, there were concerns that the Chinese economy is running too hot.

Market Indices
Australia All Ordinaries 6696.10 - 0.23%
Bombay Sensex 18715.82 - 1.80%
Hong Kong Hang Seng 29298.71 + 1.19%
Japan Nikkei 16955.31 - 1.07%
Shanghai Composite 6036.28 - 0.92%
Singapore STI 3839.73 + 0.76%
South Korea Composite 1983.94 - 1.09%
Taiwan Weighted 9562.16 - 0.32%

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