(1888PressRelease)
April 18, 2009 - Toshiba, Japan’s largest semiconductor maker, jumped 4.4 percent after posting a smaller-than-forecast operating loss. Hynix Semiconductor Inc. surged 8.7 percent in Seoul as memory- chip prices rose. HSBC Holdings Plc, Europe’s biggest bank, climbed 2.3 percent in Hong Kong on optimism industry profits are recovering. Nippon Steel Corp., the world’s No. 2 maker of the alloy, surged 11 percent in Tokyo on speculation price cuts offered to automakers were less than anticipated.
“Some people are thinking that central bankers have saved the day and that economies are going to recover,” said Stephen Yang, an analyst with Seedorf Luxman & Partners in Singapore. “We’re still cautious, though. The excesses of the past two decades are going to take an awfully long time to correct.”
“Investors are optimistic that we will see better news from the second quarter onwards,” said the Seedorf Luxman & Partners analyst, before finishing his statement by saying “Confidence in the market is returning.”
Seedoorf Luxman & Partners are a specialized advisory and consultancy company that provides investors with the resources necessary to find small stocks with tremendous growth potential, unknown to the general investing public. All of our team with comprehensive fields of expertise are driven by a focus upon helping our clients meet their investment objectives. Whether you are an individual investor or an institutional client we will provide an excellent level of service.
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