Money News: US Markets Rally, Asian Markets Struggle

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Category: Business/Financial News

Published on Sunday, 19 October 2014 17:28

Written by Janet Walker

The three major U.S. Markets, Dow Jones Industrial Average, NASDAQ and S&P 500, rallied over the past week recovering slightly from the melt down felt in the ten top world markets over the past week, the Russell 2000 stubbornly refused to rally and closed slightly down.

The DOW opened the post Ebola US debut at 16,118.39. The markets fluctuated throughout the week experiencing small gains, although they never rallied, did manage to gain most of the triple digit loss experienced over the past week. Not enough to break past the mid-16,000's, the DOW closed the week up at 16,380.41 with a net gain of (+263.17/+1.63%).

The winners for the week include Liberty TripAdvisor (+10.52/+53.56%) trading with a closing price of $30.16 per share, Caesars Entertainment (+1.32/+12.70%) closing up at $11.71 per share, Abengoa SA at $20.89 per share up (+1.96/+10.35%) and CBC Energy Ltd  at $1.87 per share up (+0.17/+10.00%).

Technology stocks were active on the DOW throughout the past week with Facebook Inc moving 76.34M shares in heavy trading to close at $75.98 up 4.66%, Apple Inc moved 68.18M shares in heavy trading for a gain of +1.46% closing at $97.67 per share, Microsoft Corp in medium trading moved 40.68M shares closing up at $43.63 with a gain of +2.08% and Intel Corp in medium trading moved 37.50M shares for a gain of +1.78% closing at $31.38 per share.

The NASDAQ ran alongside the DOW and recovered albeit slightly with double digits gains. NASDAQ closed up at 4258.44 with a gain of (+41.05/+0.97%).

The S&P 500 also experienced small gains closing slightly up at 1886.76, with a gain of (+24.00/+1.29%).

Russell 2000 closed down, experiencing smaller double digit losses, at 1,082.33 with a loss of (-3.78/-0.35%).

World Markets

The ten most watched world markets Canada's S&P TSX Composite, the Dow Jones Industrial Average of the U.S., Mexico's IPC, London's FTSE 100, CAC 40 of France, Germany's DAX, the SENEX of India, the Hong Kong Hang Seng Index, Japan's Nekkei 225 and the Shanghai Composite all struggled to recover from massive losses.

The week left at 80/20 split with continued losses in the Asian Markets as Shanghai Composite and Nikkei 225 were not able to recover and both closed down with Shanghai suffering mild double digit losses and Nekkei suffering major triple digit losses.

Nikkei 225

The Japanese Nikkei 225, suffered through another disastrous week, falling steadily throughout the week, with no bottom in sight the Nikkei 225 closed down enduring triple digit losses closing at 14,532.51 with a loss of (-205.87/-1.40%). 

Gainers for the week include Sumco Corp (+55.00/+5.15%), Inpex Corp  (+59.00/+4.76%) and Kansai Electric Power (+26.80/+3.03%) and Screen Holdings Corp (+12.00/+2.40%),

Losers include FUJIFILM Holdings Corp (-202.00/-5.90%), Chugai Pharmaceutical (-160.00/-5.06%), Ajinomoto Co Inc (-90.00/-4.63%) and Kyowa Hakko Kirin Corp (-53.00/-4.34%).

Movers on the Nikkei include Mizuho Financial Group moved 187.80M shares in heavy trading and closed down at ¥178.30 for a loss of (-1.00%), Unitika Ltd in strong trading moved 73.15M shares and closed down at (-4.17%) at ¥46.00 per share, Mitsubishi UFJ Financial in medium trading moved 67.99M shares to close down at ¥551.00 per share for a net loss of (+1.61%) and Nippon Steel & Sumitomo Steel in light trading at 45.18M shares to close down at ¥244.50 per share for a net loss of (-1.41%).

FTSE 100

London Markets, in moderate trading, mirrored the U.S. DOW and managed to rally, along with the majority of the ten most watched markets, gaining the majority of the previous week losses. The FTSE returned strong closing up 6310.97 with a gain of (+114.38/+1.85%).

Big winners in the FTSE 100 include Tullow Oil PLC (+40.10/+8.29%), Petrofac Ltd (+72.50/+7.34%), Hargreaves Lansdown (+50.00/+5.74%) and Sports Direct International  (+31.50/+5.48%).

Losers include Rolls-Royce Holdings (-108.50/-11.54%), Randgold Resources (-156.00/-3.56%), Fresnillo PLC (-17.00/-2.09%) and Admiral Group PLC (-18.00/-1.45%).

Active on the FTSE 100 includes Lloyds Banking Group moved 166.24M shares continuing its run with a fourth straight week of solid trading to close up at €74.63 for a gain of +3.27% , Vodafone Group PLC moved 1444.4M shares, also riding a fourth straight week of solid trading closed up at €189.50 with a gain of +2.71% and Barclays PLC moved 77.82M shares closing at €213.10 for a net gain of +2.50%.

Hang Seng Index h

The Hong Kong Markets, always a roller coaster, mirrored the majority of the top ten markets and raalied post US Ebola debut and recovered slightly and closed up at 23,023.21 with a net gain of (+122.17/+0.53%).

Index Movers on the Hang Seng Index include Sands China Ltd (Hong Kong) (+1.95/+4.58%), Galaxy Entertainment (+2.05/+4.39%), Tingyi )Cayman Islands) (+0.80/+4.26%), CNOOC Ltd (+0.46/+3.83%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in heavy trading, 312.75M shares closing up at HK$3.51 with a gain of +0.29% and CNOOC Ltd in light trading moved 131.95M shares closing up at HDK$12.46with a gain of +3.83%.

Losers for the week include Cathay Pacific Airway down (-0.18/-1.30%), AIA Group Ltd down (-0.40/-0.96%) and China Merchant Hong Kong Co Ltd (-.20/-0.84%).

Source: Bing Finance