Daytrading, Eminis, Forex trading, Swing Trading Market Analysis - 487762

Japan's Nikkei index slumped 1.08% to settle at 16,215.74, the lowest finish since October 4 on profit taking that offset a rally in auto stocks Toyota and Isuzu.

Toyota Motor hit a lifetime high of 7,370 yen before settling 1.8% higher, following Tuesday's release of upbeat results for the April-September period. Isuzu Motors rallied 12%.

Goldman Sachs upgraded its rating on Isuzu from ''Neutral'' to ''Buy'' and further raised the issue's target price from 420 yen to 540 yen. In another news, Isuzu was stated to be in talks with Hino Motors, Toyota's truck subsidiary, for a possible tie-up. Hino shares gained on the news.

Mizuho Financial Group and Mitsubishi Estate tumbled almost 3% each. Resona Holdings receded over 2%. In the retail sector, Aeon shed 1.

3%, while Marui Daiei receded 3.3% each. Retailer Yamada Denki plummeted 7.

7% after announcing Tuesday disappointing earnings numbers. Electronics materials maker Showa Denko nose-dived nearly 10% after posting a decline in operating profit for the quarter ended September. Australia's chief S P/ASX 200 index fell 0.

59% to end at the day's low of 5,459.2 after the country's central bank Reserve Bank of Australia raised its official cash rate by 25 basis points to 6.25%.

The All Ordinaries Index declined 0.58% to settle at 5,425.1.

The indices closed at record all time highs Tuesday. BHP Billiton and Alumina shed over 1.5% each, while Zinifex declined 1%.

Rio Tinto lost about a percent. Among gold miners and oil stocks, Oxiana and Santos receded 1.5% each.

Newcrest Mining plunged 2.1%. Retailer David Jones tumbled more than 2.

5%. South Korea's weighted KOSPI fell 0.53% to end at 1,380.

07 after a firmer won weakened exporter stocks and building issues taking a beating on the government's recent tough property policy. The South Korean won rose sharply against the U.S.

dollar. Leading builder Daewoo Engineering Construction plunged over 2.5%, while Hyundai Engineering Construction tumbled almost 4.

5%. Samsung Heavy Industries declined 3.6% and Hyundai Mipo Dockyard shed 2.

4%, both on the won's strength against the dollar. Hong Kong's key indicator Hang Seng index shed 0.68% to finish at 18,811.

24 with majority blue chips across the board closing in the red. Realtors Cheung Kong, Sun Hung Kai Properties and Wharf Holdings declined about half a percent each. Lender BOC Hong Kong dropped more than 1%, while HSBC slipped 0.

2%. Conglomerates China Mobile and Swire Pacific lost about 3% and 1% respectively. The Hang Seng China Enterprise index eased 0.

08% to settle at 7,747.26. China Unicom plunged 2.

4%, Jiangxi Copper shed 1.4% and China Cosco lost almost 1%. Sinopec Yizheng Chemical Fibre fell over 0.

5%. India's benchmark BSE Sensex ended at 13,072.51, down 0.

64%, on profit booking across the board. Hero Honda slumped over 3.5%.

Bajaj Auto and Reliance plunged more than 3% each. HDFC declined almost 3% and Tata Motors receded 2.2%.

China's chief Shanghai Composite Index dropped 1.20% to 1,866.82 on profit taking in lenders and blue chip shares.

Shanghai Pudong Development Bank and Huaxia Bank shed about 3% each. Industrial and Commercial Bank of China and Bank of China declined more than 1% each. China Minsheng Banking lost almost 2%.

As per media news, the lender would not file an application to list in Hong Kong this year. Shanghai Automotive and SP Power Development tumbled over 4% each. Shanghai New Huang Pu Real Estate slumped over 2%.

Taiwan's weighted TAIEX index slipped 0.09% to finish at 7,178.34 after a choppy session.

The world's third-largest liquid-crystal-display maker Au Optronics along with United Microelectronics fell over a percent each. Taiwan Semiconductor Manufacturing ( | | | ) and NanYa Plastic closed modestly lower. Taiwan Semiconductor today expressed hopes to begin building a new plant in Hsinchu in April.

New Zealand's key indicator NZX 50 index rose 0.18% to finish at 3,818.25 on late buying in select blue chips that included Contact Energy and Fletcher Building.

Contact Energy gained more than 1.5% on news that its majority shareholder, Origin Energy has been granted an oil and gas exploration permit in the Canterbury basin. Fletcher Building firmed up 2.

1%. Exporter Fisher and Paykel Healthcare surged almost 2%. Singapore's STI index receded 0.

51% to close at 2,735.30 and Indonesia's Jakarta Composite index settled at 1,646.07, shedding 0.

49%. Meanwhile, Malaysia's KLSE Composite index rose 0.40% to end at 1,007.

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