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Nikkei ends 2019 at 29-year final trading day high-up 18.2%
Tokyo’s benchmark Nikkei 225 finished more than 18 percent higher over the year, bolstered recently by hopes for progress in US and China trade talks.
In the final trading session of the year, the bellwether index closed at 23,656.62, an 18.2 percent gain compared with its closing price at the end of last year.
The broader TOPIX gained more than 15 percent over the year, as the Tokyo markets close until Monday next week.
The Nikkei got off to a bad start this year, with sharp declines following its first annual loss since 2011, when a massive earthquake and tsunami hit the world’s third-largest economy.
The market since then has been dominated by the trade dispute between the world’s top two economies, the US and China, resulting in “seesaw trade,” Daiwa Securities Capital Markets chief technical analyst Eiji Kinouchi said.
Over the past few weeks, Japanese shares have enjoyed sizable gains, following US stocks to new highs and reflecting investor relief over a recent thaw in US-China trade ties.
“The primary focus of the market next year is the US presidential election,” Kinouchi said. “This will also affect prospects for the US-China trade negotiations.”
The Nikkei yesterday lost 0.76 percent and the TOPIX fell 0.68 percent as investors cashed in ahead of the New Year holidays, with thin trading.
“Many investors are taking nine straight days of holidays, including today,” which resulted in light volumes, Okasan Online Securities Co said in a note.
Elsewhere in Asia, markets were mixed with activity thinning as investors wind down for the end of the year, with lingering optimism over easing US-China trade tensions driving some gains.
Hong Kong finished up 0.3 percent, while Shanghai was more than 1 percent higher.
Taipei, Sydney, Jakarta and Manila were also marginally down.
http://www.taipeitimes.com/News/biz/archives/2019/12/31/2003728446
China rate switch to ease funding costs, but banks not ready to pass cut along
China’s move to change the way banks price loans could help ease funding costs, especially for struggling small firms, although lenders are expected to try to limit the hit to their earnings by not fully passing the cut along. The revamped LPR, introduced by the PBOC in August, is down 16 basis points and is at 4.15%, while the previous benchmark one-year lending rate has been at 4.35% since October 2015.
https://www.reuters.com/article/us-china-economy/china-rate-switch-to-ease-funding-costs-but-banks-not-ready-to-pass-cut-along-idUSKBN1YY0L3
http://www.stockmaster.in/nikkei.html
South Korea indicts former justice minister and Moon confidant
SEOUL (Reuters) – South Korean prosecutors indicted former Justice Minister Cho Kuk on Tuesday on a dozen charges including bribery, two months after he resigned over a scandal involving family investment and university admissions for his children. The accusations are a setback for President Moon Jae-in after the liberal leader named Cho, a former top aide, to the cabinet post to lead reform of the prosecutors' office, which critics saw as being susceptible to political pressure.
The Seoul Central District Prosecutors' Office indicted Cho and his wife on Tuesday morning over family investment and using their position to gain admissions for his children, it said in a statement. Cho faces a dozen charges, including bribery, document fraud, manipulation of evidence and public service ethics law violations, it added.
Together with his wife, Chung Kyung-shim, he is being prosecuted for falsifying documents regarding family investments and efforts to gain university admissions.
Cho will remain free as he stands trial. Chung, who is also a university professor, was arrested in October on the same charges. Cho's lawyer, Kim Chil-joon, did not immediately respond to telephone calls or a text message to seek comment.
The Yonhap news agency quoted him as saying the prosecutors had handed down "a political indictment based on their imagination and fiction". The resignation and indictment of Cho were a spectacular downfall for the former star legal scholar known for progressive thinking who was one of Moon's closest political allies and considered by some as a potential presidential successor.
Moon came to power in 2017 promising to clean up corruption after weeks of large street protests led to the impeachment of predecessor Park Geun-hye. Cho stepped down in October after just one month in office, saying the graft scandal around his family had become a political burden for Moon's government.
His appointment was followed by street protests for and against the president on a scale not seen since 2017, hitting Moon's public support ratings.
https://asia.nikkei.com/Politics/South-Korea-indicts-former-justice-minister-and-Moon-confidant
not a person. It's way too quick. and a person could not be that consistent. They literally appear out of thin air. look at the timing on the posts and tell me that is someone typing it each and every time.
it says that and it does have minor things added so
yea Ill go with the combo thing. Makes the most sense.
>can be a bitch to setup.
that is an understatement. Never could get it to work fully-got some programs but actually don't watch enough of anything to have fully sussed what the install problems were.
STFU faggot. It's your goal to be a constant POS and you are excelling.
I wouldn't consider myself a wiz but technically inclined enough to get what I can done without too much trouble-did network stuff up until about 2000..then it all changed..no control All I pay for now is an ISP and run a roku. Seems to do the trick. Gave up the other stuff years ago.
Thanks for your input.
what you do is not work..it's amateur time.
g'nite b