SE Asia Stocks-Indonesia at record high amid regional inflows – Yahoo Finance
DHX Media Ltd. (DHX.TO) has appointed leading UK toy company Character Options as global master toy partner for the new series of Teletubbies. The deal was completed by DHX Brands, the company’s dedicated brand and consumer products arm. In commodities, crude oil futures for October are down $0.81 or 0.87 percent at $92.48 a barrel.
Story Stocks from Briefing.com – Yahoo Finance
Even though many Americans haven’t felt the surge in stock prices , the positive run on Wall Street is already the fourth-longest since 1928, according to Bespoke Investment Group. “We’ve had both a recovery in confidence and a recovery in earnings. It’s not a fluke because it’s really based on fundamentals,” said Anastasia Amoroso, a global market strategist who helps oversee about $500 billion at JPMorgan ( JPM ) Funds. A bull market is defined as a rally of at least 20% following a drop of at least 20%.
A link has been sent. Done Done 8:48 am Silicon Motion +7% pre-market after raising Q2 guidance Silicon Motion ( SIMO ) raised Q2 revenue guidance to +30-32% QoQ, which calculates to approx.$68.7-69.8 mln, well above expectations (from +10-15%). The company also raised gross margin guidance to 51-52% from 48-50%. 8:47 am Spectrum Pharma almost +5% after FDA grants accelerated approval of Beleodaq Spectrum Pharma ( SPPI ) announced that the FDA has granted Accelerated Approval of Beleodaq for the treatment of patients with relapsed or refractory peripheral T-cell lymphoma (:PTCL).
Stocks: Bull market alive for 2,000 days – Sep. 7, 2014
The inflows boosted large caps such as Telkom Indonesia and shares of Bank Central Asia. The Philippine main index was up 0.7 percent at 7,314.94, the highest close since May 22, 2013, with foreign investors buying shares worth a net 1.17 billion peso ($26.85 million), stock exchange data showed. In Malaysia, foreign investors bought a net 80 million ringgit ($25.21 million) and in Thailand, it was a net 1.4 billion baht ($43.75 million), stock exchange data showed. Brokers attributed the inflows to tepid U.S.
Hong Kong Stocks Drop After China Trade; Tencent Falls – Bloomberg
Valuations are relatively cheap. Data today showed Chinese imports contracted 2.4 percent in August from a year earlier, compared with an estimate for a 3 percent increase. Exports climbed 9.4 percent, beating economists expectation for a 9 percent gain. The nations trade best stocks for apri surplus climbed to a record $49.8 billion in the period. The H-share gauge advanced 10 percent this quarter as investors weighed prospects for additional stimulus amid signs of mainland economic weakness.