Friday, November 23, 2007

Uncle 4 Strikes Again!

After the yo-yo gyrations of the past few days. yesterday provided some relief as the HK market gained some precious ground. This time, it's because Uncle Four (aka Mr. Lewe Shau Kww) our local "Warren Buffet" told reporters that he thinks the market will still finish the year around 30,000, and he is putting some HK$10 billion into it.

Market Indices
Australia All Ordinaries 6392.40 - 0.04%
Bombay Sensex* 18852.87 + 1.76%
Hong Kong Hang Seng 26498.13 + 1.90%
Japan Nikkei** 14888.77 + 0.34%
Shanghai Composite 5032.13 + 0.96%
Singapore STI 3315.57 + 0.08%
South Korea Composite 1772.88 - 1.45%
Taiwan Weighted 8342.20 - 1.85%

*Late trading
**Closed for holiday

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