US & World News

Scholarships Southeast Asia, which have mostly closed on Thursday in 2010, experienced a vintage luxury, especially for equity markets of Indonesia and Thailand.

The Seoul stock exchange also concluded the year, it has completed its closing level of the highest in over three years, supported by hopes of a sustained global economic recovery next year.

The exercise proved particularly successful for the index Indonesian who signs a 46.13% increase over 2010, the highest in the region, thanks to strong domestic business and foreign capital flows.

Only the stock market in Vietnam would end the year in the red Friday after his final meeting of 2010.Hanoi will be the only place with active regional Singapore on the eve of New Year Those Jakarta, Manila, Kuala Lumpur or Bangkok are all closed.

On Thursday, the Indonesia Composite Index ended the session on a positive note to 0.12%. The major indexes also finished up, mild to Singapore (+0.14%) and Philippines (+0.04%), clearer in Vietnam.

Only exchanges of Malaysia and Thailand have erased the gains in early trading to yield 0.36% and 0.29% respectively, but both are part of a sharp increase over the year.

FOREIGN INVESTMENT BOND

In South Korea as in Southeast Asia, further gains are expected next year.They should not be as important this year because of slower economic growth, but markets should be less volatile, analysts said.

"We expect a slowdown in growth for the domestic economy.This could be difficult for the market to repeat the strong performance this year, "said Jose Vistan, at AB Capital Securities, referring to the prospects of Filipino values.

"The issue of inflation will be crucial and could lead to a reversal, an expansionary policy to a tightening and rising interest rates, thus affecting market sentiment," he adds.

The Manila Stock Exchange, who signs the third highest growth in south-east Asia with a jump of 37.62% over the year, received a net inflow of foreign capital of 2.77 billion this year, according to data Reuters.

The Indonesian market has meanwhile seen foreign investment more than doubled over 2009 to $ 2.18 billion.Jakarta stands out with its increase of 46.1% after gaining 87% in 2009.

Interposed between the two exchanges that of Bangkok with a gain of 40.60% over the year.The place was the Thai economy in the last quarter with a gain of 5.9%, and relied on $ 1.9 billion of foreign investment.

In addition to these equity markets of emerging countries, the Tokyo Stock Exchange has also prepared its annual report Thursday, ending 2010 on a 3.0% decline largely attributed to the stronger yen since the variation of the Nikkei corrected the exchange rate impact was up 10.7% according to Reuters data.

Seoul has also lowered the curtain on 2010, but on a different trend as the year ends with a jump of nearly 22% for the Kops (21.88%) at 2051.00 points, its best level since November 2007.

South Korean values were better than offset the losses incurred during the financial crisis at the back of strong domestic economic momentum and good results for companies and analysts do not rule out seeing the KOSPI reach 2400 points during the coming year.

"The growth of the global economy should not be strong next year but recovery looks better than expected before. Liquidity should also improve," said analyst Kim Joo-hyung, Tong Yang Securities.