Local Market Leads:
♦ Buoyed by improved regional sentiment on positive manufacturing data in China, as well as the sustained buying support on the key blue chips, the local bourse extended its rally on Wednesday for a fourth day in a row.
♦ In fact, the trading sentiment was also buoyed by a strong rebound in the US futures markets. KOSPI and Nikkei 225 rallied the most by posting 1.26% and 1.17% gains for the day, after China’s Purchasing Managers’ Index rose to 51.7 in Aug from 51.2 earlier. The latest number came above expectation of a rise to 51.5.
Market Technical Reading : Supports Seen Near The 10-day SMA And 1,400… - 02/09/2010
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