Money News: DOW Feels Strong Pendulum Swing, Closes Down; Asian Markets Split

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The Dow Jones fell sharply this week as the bear roared back mauling the New York markets with stunning deftness and taking down the majority of the ten most watched markets in the world leaving only two unscathed.

The DOW opened Monday February 1, 2016, up at 16,344.06 and after surfing a solid rally the DOW hit the week high at 16,506.26 in the mid-afternoon a small decline closed the day up at 16,449.18.

Stocked opened Tuesday down, 233 points at 16, 216.54 and attempted throughout the day to initiate a rally with small gains followed by declines the DOW closed Tuesday down 63points at 16,153.54.

Wednesday’s market opened up with a slight bounce at 16,220.31 followed immediately by a sharp decline which ushered in the week low of 16,020.68. By Mid-morning the DOW had rallied, slightly, to within 40 points of its opening at 16,180.45. The rocky morning gave way to a surprising afternoon and by mid-afternoon a solid rally brought the DOW up to 16,362.98. A slight decline closed the day out up at 16,336.66.

Thursday began with a small decline down at 16,278.65 followed by a rally that brought the DOW into its second weekly high at 16,481.30. Mid-Morning the DOW fell to 16,321.83 followed by a steady rally and equal decline closing the day up at 16,416.58.

The DOW opened Friday down on the bounce at 16,373.13, on the bounce and never regained the upward momentum. By mid-morning the DOW had fallen to 16,213.46 a slight rally brought hope and the decline took over. By mid-afternoon the down had plummeted to 16,160.83 and limped through a small rally to close the week down at triple digits loss.

The DOW closed the trading week up with dramatic triple digit losses at 16,204.97 (-211.61/-1.29%). The DOW held a day range of 16,129.81-to-16,423.63.

Gainers include SPI Energy Co Ltd (+1.00/+16.01%) with a closing price of $7.28 per share, BeiGene Ltd closing up at $33.91 per share for a gain of (+3.41/+11.18%), pan American Silver Corp closing up at $8.44 price per share (+0.74/+9.61%) and Royal Gold Inc closing up at $39.22 per share for a gain of (+3.28/+9.13%).

Losers for the week include Splunk Inc closing down at $36.23 per share for a loss of (-10.86/-23.06%), Starz “A”closing down at $24.30 with a loss of (-6.93/-22.19%), Starz “B” (-4.98/-16.60%) with a closing price of $25.02, and Atlassian Corporation PLC closing down at $20.19 for a loss (-3.81/-15.88%).

Active for the week included Facebook Inc in solid trading for the week moved 76.89M shares closing down at $104.07 per share for a loss of (-5.81%), Microsoft, in strong trading moved 62.01M shares, to close down at $50.15 per share for a loss of (-3.54%), Sirius XM Holding Inc in solid trading moved 52.07M shares closing down at $3.42 per share for a loss of (-2.56%), Apple Inc in medium trading moved 46.42M shares closing down at $94.05 per share with a loss of (-2.64%).

The NASDAQ closed down at 4,363.14 for a loss of (-146.42/-3.25%).

The S&P 500 also closed down at 1,880.05 for a loss of (-35.40/-1.85%).

World Markets

The Ten most watched global markets ended the week split 80/20. All major New York Markets, the DOW Jones Industrial, S&P500 and the NASDAQ closed down.In the Americas Mexico’s IPC and Canada's S&P TSX Composite both closed down.

The three top ten watched Central European Markets, London’s FTSE 100 and Germany’s DAX and CAC 40 of France all closed down.

The highly traded Asian Markets split the bear mauling. The Sensex of India, Hong Kong’s Hang Seng survived the Bear to close up and the Shanghai Composite and the highly traded Japanese Nikkei 225 succumbed to the bear and closed down.

Nikkei 225

The Japanese Nikkei 225, the stock market index for the Tokyo Stock Exchange, saw strong rallies through the beginning of the week and steep declines at weeks end to close the trading week down.   

Opening Monday at 17,786.20 the Nikkei performed strongly hitting the week high of 17,887.57 mid-morning Monday. The Nikkei remained steady on Monday closing the day up at 17, 865.23.

Tuesday, the Nikkei opened down at 17,766.13, on the bounce and remained steady throughout the day with minor rallies and declines to close Tuesday out at 17,750.68.

The Nikkei opened sharly down on Wednesday at 17,382.82, a loss of nearly 320 points and continued to decline through the  day. BY mid-morning the Nikkei had fallen to 17, 124.02. A small rally brought the Nikkei up to end the day at 17,191.25.

Thursday opened down at 17,067.10 and continued to fall and by early morning the Nikkei at fallen below 17,000 to 16,946.50. A rally brought t he Nikkei back in to the 17,000 and by mid-afternoon reach 17,174.60. The Nikkei managed to close Thursday out at 17, 044.99.

Friday, the Nikkei opened down at 16,798.74 and continued to decline throughout the day hitting the week low at 16,655.89 at mid-afternoon. A small rally brought the Nikkei up slightly to close the week with triple digits losses.

The Nikkei225 closed the trading week down at with triple digit losses of (-225.40/-1.32%).

Gainers for the week include Yamaha Corp (+407.00/+15.23%), Marubeni Corp (+56.00/+10.63%), Furukawa Electric Co Ltd (+25.00/+10.33%), Sharp Corp (+16.00/+10.00%).

Losers for the week included Denka Co Ltd (-64.00/-12.85%), Tokuyama Corp (-20.00/-12.27%), Toshiba Corp (-22.20/-11.18%), Mauri Group Co Ltd (-146.00/-8.30%)

Active on the Nikkei 225 include Sharp Corp, moving 395.92M shares to close up at ¥176.00 for a gain of (+10.00%), Mizuho Financial Group Inc moving, in 58 straight weeks of strong trading, moved 316.80M share to close down at ¥181.70 for a loss of (-4.57%), Toshiba Corp in medium trading moved 141.41M shares to close down at ¥176.30 for a loss of (-11.18%), Mitsubishi UFJ Financial Group Inc in soft trading, moved 125.70M shares to close down of ¥538.20 for a loss of (-3.51%).

FTSE 100

The London Markets began the week up and continued throughout the entire week in a decline/rally pattern, with violent pitches and pendulum swings to close out the week with a loss.

Opening on Monday at 6,089.86, the week high and immediately fell in a decline/rolling rally pattern and closed the day 29 point off the start at 6,060.10.

Tuesday the FTSE opened down at 6,016.20, which ushered in a sharp decline that continued throughout the day ending at 5.922.01.

Wednesday opened down at 5,889.92 the London Market pitched with violent pendulum swings throughout the day to plummet to the week low of 5,814.98 and closed the day with a small mild rally at 5,837.14.

The FTSE opened Thursday on the bounce at 5,901.41 up 64 points only to fall dramatically before mid-morning to 5,863.20 which was followed by a sharp spike to 5,927.06 when the market calmed to falling into a slow and steady decline to close the day down at 5,898.76.

Friday, the FTSE opened up at 5,930.17 and remained constant with the steep decline and slow steady rally to pitch throughout the day to close at 5,848.06 for a double digit loss.

The London Markets closed down at 5,848.06 with triple digit losses of (-52.70/-0.86%).

Gainers in the FTSE 100 include Anglo American PLC (+35.05/+10.68%), Antofagasta PLC (+16.00/+3.72%), Standard Chartered PLC (+15.60/+3.57), Burberry Group PLC (+33.00/+2.78%).

Losers include Berkeley Group Holdings (The) PLC (-178.00/-4.99%), Inmarsat PLC (-48.00/-4.49%) and Persimmon PLC (-74.00/-3.63%) and SKY PLC (-38.00/-3.56%).

Active on the FTSE 100 included Glencore PLC in strong trading moved 144.68M shares to close up at €102.15 for a gain of (+2.48%), Lloyd Banking Group PLC moving 142.69M shares in strong trading, closed down at €61.80 for a loss of (-1.55%), Vodafone Group PLC, in strong trading, moved 78.76M shares to close down at €207.00 per share for a loss of (-1.55%), Tesco PLC, in medium trading moved 56.81M shares to close up at €174.60 per share for a gain of  (+2.77%).

Hang Seng Index 

The Hang Seng Index opened the trading week up at 19,770.96, remained only one of two of the ten most watched markets to experience the solid and deep mid-week decline, rally and close up.

The Hang Seng opened Monday at 19,770.96, which was also the week high for the Hang Seng, and with a small decline the Hang Seng fell by 303 points by mid-afternoon. A small rally followed and the Hang Seng managed to close the day down although respectable at 19,595.50.

The Hang Seng opened Tuesday down at 19,474.87. The pitch was not as volatile as the London Markets and still the pendulum swing was wide. By days end the Hang Seng closed at 19,446.84 a minor loss.

Wednesday the market opened down, at 18, 867.28. Plummeting into the abyss. The Hang Seng fell to the week low of 18,801.78 by mid-morning Wednesday before a slow and steady rally brought the unstable Hong Kong Market in to 18,991.59 a gain of 124 point gain,

Opening Thursday up on the bounce at 19,190.36, the Hong Kong market poised itself to regain the previous day losses. By early morning the Hang Sang had rallied to 19,326.64 and regained another 136 points. The Hang Seng closed the day at 19,183.09.

 Friday the Hang Seng opened on the bounce at 19,353.75 and rode out the day with mild declines and rallies to end the trading up with triple digit gains.

The Hang Seng closed up at 19,288.17 with triple digit gains of (+105.08/+0.55%).

Gainers on the Hang Seng Index include Bank of East Asia Ltd (+1.20/+5.50%), Wharf Holdings (+1.75/+4.92%), China Merchants Holdings (International) (+0.75/+3.75%), China Life Insurance Co Ltd (+0.46/+2.68%)

Losers for the week include China Resources Power (Holdings) Co Ltd (-0.52/-4.15%), Cathay pacific Airways Ltd, (-0.26/-2.22%), Want Want China Holdings Ltd (-0.11/-2.00%), CK Hutchison Holdings Ltd (-1.75/1.81%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in strong trading moved 195.98M shares to close up at HK$3.06 (+1.66%) China Construction Bank Corp, in strong trading, moved 187.37M shares to close up at HK$4.64 (+1.31%), Industrial and Commercial Bank of China, in strong trading, moved 171.27M shares to close up at HK$3.99 (+1.27%),  CNOOC Ltd, in strong trading moved 97.00M shares to close up HK$7.87 (+2.21%).

Source: Bing Finance

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