Hang Seng Index Will Need Help to Reach 2000. Three Major Drivers of Hong Hong's Market Appear to Be Losing Steam

Article Abstract:

China Mobile Telecommunications, Hutchinson Whampoa and HSBC Holding account for almost 60 percent of the Hang Seng Index, and are facing increasing competition.

China, Diversified Companies, Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Hong Kong, Mobile Radio Systems, Economic aspects, Wireless communications, Telecommunications equipment industry, Hutchison Whampoa Ltd., Hang Seng Index (Index), China Mobile Telecommunications Corp., HSBC Holdings Inc.

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Infosys can't hide

Article Abstract:

Infosys Technologies Ltd.'s share price has fallen 40% since its high prices reached in March. Despite its rank as the second best company in Asia in terms of corporate governance and it being one of the most profitable companies in the region, stockholders are still selling heavily. Negative profit warnings from the United States are based on worries including customer profitablilty loss, higher taxes expected in the future and increased wages in India.

Computer Services, Computer Systems Design and Related Services, Computer and Data Processing Services, India, Finance, Computer services industry, Information technology services industry, Information technology services, Infosys Technologies Ltd.

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Now may be the time to buy

Article Abstract:

Some analysts believe that indicators suggest an imminent rally for Asian stocks. For example, in recent weeks the number of earnings downgrades for Asian stocks has tapered off; inventories of Asian products in the US have likely reached a terminal low point suggesting an eventual recovery for Asian components; and stock prices have been mired in negativity for so long that further declines are unrealistic. Other analysts believe that global earnings are performing poorly, a good indication that Asian stocks will continue to have a bumpy ride.

Securities and Commodity Exchanges, Forecasts, trends, outlooks, Security and commodity exchanges, Securities Exchanges, Asia, Statistical Data Included, Cover Story, Stock exchanges, Securities, Securities industry

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