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Paling tidak besar kemungkinan ntar man DOW ijo besok open gap nyam nyam
Asia Stocks Gain, Erasing Earlier Drop; Automakers, Banks Rise
By Chua Kong Ho and Darren Boey
March 11 (Bloomberg) – Asian stocks rebounded from earlier declines, led by automakers and financial companies, amid speculation the U.S. Federal Reserve will broaden measures to bolster the world''s largest economy.
Hyundai Motor Co. rose in Seoul and Mitsubishi UFJ Financial Group Inc., Japan''s biggest bank, surged after the Wall Street Journal reported that U.S. policy makers may lend directly to financial institutions other than banks. BHP Billiton Ltd. led a decline among mining companies after metals prices slumped.
``Investors are hoping for a rate cut by the Fed before the next scheduled meeting,'''' said Daphne Roth, Singapore-based vice president of equity research at ABN Amro Private Banking in Singapore, which manages about $31 billion in Asian assets.
The MSCI Asia Pacific Index added 0.2 percent to 137.63 as of 2:51 p.m. in Tokyo, after earlier falling 1.2 percent. The MSCI benchmark is down 20 percent from its Nov. 1 record on fears the U.S. will enter a recession amid increasing losses linked to investments in the country''s mortgage industry.
Japan''s Nikkei 225 Stock Average and South Korea''s Kospi index both added 1 percent. Malaysia''s benchmark rallied after tumbling the most in a decade yesterday.
The U.S. Standard & Poor''s 500 Index lost 1.6 percent yesterday, led by financial shares. Bear Stearns Cos., the second-biggest underwriter of mortgage-backed bonds, had its steepest drop since October 1987 amid insolvency rumors that a company spokesman denied.