Koyal Group Reports Indonesia Rebounds As India Falls Further

Sumida-ku, Japan (PressExposure) October 06, 2013 -- In Hong Kong, the Hang Seng fell 0.7%, while the Chinese mainland┬┤s Shanghai Composite finished with a negligible gain. Japan┬┤s Nikkei Stock Average finished the day 0.2% higher and in Seoul the Kospi lost 1.1%. In Sydney, the S&P/ASX 200 closed 0.4% higher. Analysts at Koyal Group believe that the data suggests that the US Federal Reserve will began tapering its bond buying program and the markets are positioning themselves for that eventuality.

Indonesia┬┤s JSX rose 1.6% after suffering substantial loses on Monday falling 5.6% and 3.2% on Tuesday. Investors in the country were concerned over sub-par local economic data and rising yields from the US Treasury, believing that foreign funds would be taken out of the market.

India┬┤s S&P BSE Sensex Index fell to its lowest level in over a year, finishing the day down 1.96% to close at 17,905.91. There has been a 4% drop on the index this week. Not only did the Sensex hit a yearly low, the Rupee fell to a new all-time low against the US Dollar from 64.53 rupees to 64.08.

Among notable movers were Tokyo Electric Power Co. fell 9.3% after it was reported that 300 metric tons of extremely radioactive water leaked from its damaged Fukushima nuclear power plant. The government has declared the situation as "serious." In Hong Kong, drilling firm Cnooc Ltd. climbed 5% after it announced a 7.9% rise in first half of the year profits, caused by an increase gas and oil production. In Australia, BHP Billiton Ltd. shares dropped 2.2% as the mining company reported a 30% decline in fiscal year ended June 30th profits driven by a drop in commodities prices.

About Koyal Group

Based in Tokyo, Japan, Koyal Group is a boutique equity research house and has its foundations set in personal client advisor relationships, and despite being one of the largest equity research houses in Asia we are proud to say we maintain strong interpersonal links between our clients and their allocated advisors. This along with our approach to financial analysis has meant Koyal Group has grown year after year since 2003.

Our analysts specialise in equity research, but also offer fixed income analysis for users of other instruments. Within the equities division we specialise in Technology, Financial and Industrial/ Metals research.

Essentially we seek to identify within these sectors, distressed or undervalued securities, and once we have identified a security we feel may be suitable for investment we then conduct a thorough fact finding session and employ a multitude of quantitative and qualitative calculations in order to assess whether the security is viable for recommendation to our clients.

Our history stretches back over ten years to January 2003 when the company was established, since which we have grown two hundred fold in terms of staff and managed to keep the majority of our original client base, which we believe is testimony to us having provided a service that is second to none.

Press Release Source: http://PressExposure.com/PR/Koyal_Group.html

Press Release Submitted On: October 06, 2013 at 9:34 pm
This article has been viewed 49975 time(s).