IMHO, I don't think DJIA will be finished its day with GREEN.

What's AIG?

Today's market trend:

US is affecting Europe and both of them are affecting Asia Pacific.

DJIA starts the day with:

At 2:30PM : 13,270.43 -0.25 (-0.00%)

DJIA today performance is like a roller coaster ride.

Shares tumble on US real estate turmoil

PETALING JAYA: Share prices on Bursa Malaysia tumbled yesterday, spooked by sharp declines across the region as the crisis in the US subprime housing loan market continued to take its toll on investor confidence.

Financial stocks were among the worst hit. The benchmark KL Composite Index fell 25.69 points, or 1.96%, to close at 1,287.70 yesterday.

The index hit in an intra-day low of 1,275 minutes after the opening bell in reaction to the sharp drop on Wall Street overnight.

Shares in the country's top two banks, Malayan Banking Bhd (Maybank) and Bumiputra-Commerce Holdings Bhd (BCHB), were down 40 sen each. They were the biggest drag on the KLCI yesterday.

Analysts said that while local banks were not directly affected by the collapse in the US subprime market, investors were "re-pricing" risks associated with financial stocks as a whole.

Shares in financial companies across the region retreated sharply yesterday after France's biggest bank, BNP Paribas, joined US-based Bear Stearns Co and Union Investment Management Gmbh in stopping redemptions in its funds.

Australia's top investment bank Macquarie Bank slumped 7% yesterday. On July 31, the bank said two of its high-yield funds were forced to sell assets to avoid breaching loan agreements.

Shares in HSBC Holdings Plc, Europe's biggest lender, slipped 1.7% in Hong Kong, while India's number two bank, ICICI Bank Ltd, fell 3% yesterday.

In Singapore, DBS Group Holdings Ltd's share price slumped 3.3%, contributing to the Straits Times Industrial Index's 1.6% fall yesterday.

All major indices in the region closed lower yesterday.

MCIS Zurich Insurance Bhd economist Nor Zahidi Alias said the market had initially underestimated the problem in the US real estate sector and its impact.

"The US economy is more fragile than initially thought,'' he said, citing recent statistics coming out of the US.

Nor Zahidi said the turmoil in the housing market would usually lead to a decline in consumer spending and other segments of the economy.

A slowdown in the US, he said, would affect the trade performance of many open economies. The US is Malaysia's largest trading partner.

"However, with the aggressive pump-priming efforts by the Government, Malaysia is likely to be able to withstand such an adverse situation,'' Nor Zahidi said.

Yesterday, declining stocks outnumbered risers by 8-to-1 while total turnover stood at 1.06 billion shares worth RM1.96bil.

At yesterday's close, the index was down 3.6% for the week - its worst performance since early March this year.

Analysts expect the market to remain volatile in the coming week, with the declining volume amplifying stock price movements in both directions.

URL: http://biz.thestar.com.my/news/story.asp?f...75&sec=business

DJIA starts the day with

At 2:30PM : 13,246.53 +6.99 (+0.05%)

DJIA closed the day with slightly lower:

13,236.53 -3.01 (-0.02%)

DJIA starts the day with

At 2:30PM : 13,242.79 +6.26 (+0.05%)

US open: Wall Street can't hang on to early gains

LONDON (ShareCast) - Wall Street open up but couldn't sustain the gains for long and is now falling back despite economic news that was more positive than expected.

The downturn in the Dow Jones (news) is blamed on retailer Wal-Mart which reported a second-quarter profit increase of 49% but lowered its forecast for earnings from continuing operations. Wal-Mart is an important constituent of the Dow Jones.

Fellow retailer Home Depot (NYSE: HD - news) 's second-quarter earnings fell 14.8% as sales declined. It warned that housing and home improvement markets will remain soft into next year.

The Producer Price Index (PPI) rose 0.6% in July, which was faster than expected. However, the core PPI, stripping out energy and food costs, rose 0.1% which was less than expectations of 0.2%. Year-on-year, core producer prices were 2.3% higher, the biggest rate of increase for nearly two years.

The trade deficit fell in June. It edged down from a revised figure of $59.1bn in May to $58.1bn. That was nearly $3bn lower than some economists were expecting. The trade gap with China rose 5.7% over the month to $21.2bn.

The Dow Jones has fallen 60 to 13,175 and the S&P is 5 lower at 1,447, but the Nasdaq Composite (NASDAQ: news) is still bucking the trand because it is broadly unchanged at 2,542.

URL: http://uk.biz.yahoo.com/14082007/214/open-...arly-gains.html

It's like landslide in the first half of the day for DJIA.

Malaysian and other stock markets fall

KUALA LUMPUR: The Malaysian and most other stock markets fell on Wednesday amid heightening concern about a fallout from the sub-prime mortgage problems in the United States.

The benchmark Kuala Lumpur Composite Index (KLCI) tumbled 36.52 points or 2.8% to close at 1,251.82, in line with sharp declines across the region.

Falling stocks led risers 988 to 59

At around noon the KLCI fell 27.3 points to 1,261.0 after the DJIA dropped 207 points Tuesday night. There were 28 gainers against 872 losers. Muhibbah lost 90sen.

In the morning the KLCI slipped 11.33 points to 1,277.01.

Hong Kong shares tumbled as steep losses overnight in the U.S. on global liquidity concerns followed through in Asia Wednesday.

The blue chip Hang Seng Index fell 631.60 points, or 2.87 percent, to 21,375.72.

Tokyo and New Zealand benchmarks tumbled to their lowest closes in nine months.

In Europe in morning trade, the U.K.'s FTSE 100 index fell 0.9 percent, France's CAC 40 benchmark fell 1.3 percent, and Germany's DAX fell 0.7 percent.

In Asia, some economists and dealers said the gyrations on Asian stock markets were short-term.

Some issues could even be good bargains, they said, given the strong growth and earnings data from China, Japan and other regional economies.

The Nikkei 225 stock index, the benchmark for Asia's biggest stock market, plummeted 369.00 points, or 2.19 percent, to 16,475.61, its lowest since Dec. 8, as financial issues got hammered by the nervousness about a fallout from the U.S. subprime mortgage crisis.

Japanese export issues also took a battering from the strong yen. Worries have been growing about a slowdown in the U.S. economy, fueled by faltering profit forecasts by major retailers.

Weak American spending would be a blow to the Japanese and other Asian economies, which are all still heavily dependent on exports to the U.S.

In New Zealand, the benchmark NZX-50 index slipped below the psychological 4,000 barrier before ending down 1.5 percent at 4,004.46 - its lowest closing since December 2006.

"It's not a particularly pretty day for the market. World markets are all just following each other at the moment and they're quite skittish,'' said UBS equities director Paul Nicolson in New Zealand.

Singapore's Straits Times Index fell 3.4 percent to close at 3,273.25.

The benchmark index in the Philippines closed 4.1 percent lower and Taiwan's Weighted Price Index fell 3.6 percent.

"We remain confident that things can calm down,'' said David Cohen, director of Asian forecasting at Action Economics in Singapore.

"There is enough momentum in the global economy it should ultimately sustain the solid growth in world GDP through the middle of the year.''

In the short term, though, Cohen warned more bad news could be expected about troubled hedge funds, which could set off another drop in regional stocks.

"It's going to be on a roller coaster for a little while. Clearly investors are nervous,'' he said.

Traders in Tokyo said bargain-hunting there may keep Japanese stocks from plunging too much.

Some analysts also say market sentiment in Tokyo remains upbeat as worries about subprime mortgages in the U.S. may make it less likely the Bank of Japan will raise interest rates later in the month.

Prime Minister Shinzo Abe said Japan's economy remains on a growth track.

Earlier this week, the government reported that the world's second largest economy marked its 10th straight quarter of expansion April-June, although the pace of growth had moderated.

"The Japanese economy remains strong,'' Abe told reporters. "We do need to keep a close watch.''

But fears remain about the future of the overall U.S. economy. Tuesday, U.S. retailers including Wal-Mart Stores Inc. and Home Depot Inc. announced lower profit forecasts.

A slowdown in the U.S. economy, a key export market for Asia, could spell a more real danger for the region.

Overnight in the U.S., the Dow shed 1.57 percent to 13,028.92, on the verge of falling below the psychologically important 13,000 mark, which it first crossed in late April.

Elsewhere in Asia Wednesday, Jakarta's main stock index fell 6.4 percent; Thailand's index was off 2.0 percent in late trade.

Australia's benchmark S&P/ASX 200 fell 3.0 percent to close at 5,788.0.

In Shanghai, where the index has hit seven record high closes this month amid the global turmoil, the Shanghai Composite Index fell 0.1 percent to 4869.88.

Stock markets were closed in India and South Korea for national holidays.

URL: http://biz.thestar.com.my/news/story.asp?f...16&sec=business

DJIA starts its day with:

2:30PM : 13,009.90 -19.02 (-0.14%)

DJIA is making a U-turn now:

At 2:55PM : 13,057.29 +28.37 (+0.21%)

Hope could last longer.

I don't think DJIA will be performing well later. The Futures dropped.

http://uk.us.biz.yahoo.com/rb/070816/marke...tocks.html?.v=1

DJIA starts the day with

At 2:30PM : 12,848.62 -12.85 (-0.10%)

Try this:

http://uk.finance.yahoo.com/q/cp?s=%5EDJI

But you have to keep pressing F5.

edifgrto shared a better site from Yahoo! also.

http://finance.yahoo.com/indices?e=dow_jones

With streaming feature.

DJIA closed its day with:

On Aug 16: 12,845.78 -15.69 (-0.12%)

Asian stocks, including Malaysia's, tumble again Friday

KUALA LUMPUR: Asian shares tumbled again Friday, with the Malaysian Kuala Lumpur Composite Index (KLCI) benchmark closing lower.

The region showed little sign of staging a recovery amid a global sell-off over U.S. credit fears. European stocks, meanwhile, were mixed in early trade.

In Malaysia the KLCI fell 16 points (1.3%) to 1,191.5.

There were 189 gainers against 855 losers while KFC was up 45sen, SunCity (-44sen), GPacket (-36sen).

Earelier the KLCI plunged 63.7 points or 5.2% to 1,143.9, much of it after the 2.30pm break.

DiGi was down (-RM1.30), KLK (-RM1.10), CIMB (-90sen)

About an hour earlier the KLCI lost 57.21 points or 4.47% to stand at 1150.4.

At midday it had slid 30.13 points (2.5%) to 1,177.48 with 846 million shares traded.

Losers led gainers 1,007 to 44 with 101 counters unchanged.

The local bourse opened down 3.20 points at 1,204.41 on continuous selling offsetting light bargain hunting activity

Japanese stocks fell more than 5 percent Friday to a one-year low as the dollar's sharp drop against the yen fueled concerns about earnings outlooks in a market already hurt by the U.S. housing loan crisis.

The Nikkei 225 closed down 874.81 points, or 5.42 percent, at 15,273.68 points, hitting its lowest level since Aug. 7, 2006, when the index finished at 15,154.06.

Friday's decline was the largest since April 17, 2000 in terms of points.

The dollar's sharp decline against the yen was the main blow to the market Friday, sending exporter issues tumbling, traders said.

The dollar was trading at 112.42 yen at 2:50 p.m. (0550 GMT, 1350pm Malaysian time), down from 113.11 yen late Thursday in New York.

China's shares fell for a second day Friday amid a global selloff prompted by fears about U.S. mortgages.

The benchmark Shanghai Composite Index ended down 2.3 percent at 4656.57 points, adding to a 2.1 percent loss the previous day.

The Shenzhen Composite Index fell 1.6 percent to 1297.21.

Chinese investors are worried about the impact of the U.S. subprime mortgage crisis, even though China's markets are kept isolated from global financial flows, analysts said.

Philippine shares closed Friday at this year's new low, with lingering concerns that U.S. shares may fall further eroding early gains.

The 30-company Philippine Stock Exchange Index shed another 55.97 points, or 2 percent, to finish at 2,884.34, it's lowest level since December 27.

Friday losers swamped gainers 109 to 21, with 25 issues unchanged

Thursday, the market fell 6 percent, wiping out all gains so far this year.

This week's index is off 12 percent from the end of last week.

"Definitely, this selling is exaggerated,'' said Ricardo Puig, analyst at Wealth Securities.

"But who can argue with market sentiment?''

He said the underlying fundamentals are calling for a more rational view on stocks.

South Korean shares extended losses Friday following a record point drop the previous session as foreign investors sold heavily amid further sharp falls in regional markets.

The Korea Composite Stock Price Index fell 53.91 points, or 3.2 percent, to close at 1,638.07, its lowest finish since May 21.

The decline followed Thursday's plunge in which the Kospi fell 6.9 percent to record its worst ever single day point drop amid global credit worries initiated by defaults on U.S. subprime mortgage loans.

The index had opened higher, rising as much as 0.8 percent, after U.S. markets came in mixed overnight, but was unable to maintain the momentum.

In New Zealand the share market fell for a sixth consecutive session, with the benchmark NZX-50 index off 63.6 points, or 1.6%, to 3894.34 after a rush of selling in the last hour of trading.

The market managed to stave off another sharp sell down as it opened, likely helped by a late recovery in U.S. stocks overnight.

But it fell again late in the day.

ABN Amro adviser Matt Willis said investors are looking for evidence of earnings strength after a tumultuous week, but he expects next week is likely to prove just as volatile.

"The volatility in the last few days is the result of investors being very unsure of what the earnings impact will be,'' Willis said.

In Hong Kong the blue chip Hang Seng Index fell 1.4 percent. The Index was down 3.0 percent at midday.

Taiwan shares fell Friday to their lowest level in three months, as other Asian bourses extended their selloffs.

The Weighted Price Index of the Taiwan Stock Exchange dropped 111.08 points, or 1.4 percent, to close at 8,090.29 points.

During the volatile session, shares dropped as low as 7989.61 before rebounding on bargain hunting.

Cecelia Lu of Taiwan International Securities said institutional buyers provided support for shares despite weak market sentiment.

On Thursday (Friday morning in Malaysia) Wall Street pulled off a dramatic late-session turnaround to close mixed after bargain hunters lured by weeks of massive declines came back to the stock market.

The Dow fell 15.69, or 0.12 percent, to 12,845.78.

The S&P rose 4.56, or 0.32 percent, to 1,411.26, and the Nasdaq composite index dropped 7.76, or 0.32 percent, to 2,451.07.

The Russell 2000 index of smaller companies rose 17.29, or 2.30 percent, to 768.83

Share prices on the London Stock Exchange closed sharply lower Thursday.

The FTSE 100-share index was down 250.4 points, or 4.1 percent, at 5,858.9.

The German DAX 30 index slid 2.4 percent to 7,270.07.

The French CAC-40 index fell 3.3 percent to 5,265.47.

The DAX hasn't traded at around these levels since April, while the CAC is around levels not seen since last December.

Earlier Friday, Japan's central bank injected 1.2 trillion yen (US$10.5 billion; euro7.8 billion) into money markets - the third injection this week and triple the amount it injected the day before - in a bid to curb rises in key interest rates.

Central banks in the U.S., Europe, Australia and Japan have injected tens of billions of dollars into money markets since Aug. 9 when stocks tumbled because of worries over U.S. subprime mortgage problems.

So, far the extra money, meant to ease concerns about a credit crunch, has been unable to halt a global sell-off.

URL: http://biz.thestar.com.my/news/story.asp?f...48&sec=business