Daily Market Review - 31 March 2010: Asian markets slipped as investors ripe benefit amid concern on over-valuation

On the last trading day of the month, investors generally tend to realize gain and making the Asian market dropped. There is widespread concern on the prevailing stock prices that have overvalued the earning prospects of Asian companies. Hong Kong market ceased the surge of three day in a row, closed low at a loss of 0.6%. Hang Seng Index constituent stock Henderson Land Development Company slumped 4.2% on failing market expectation for its announced earnings.

Morningstar Analysts 31 March, 2010 | 0:00
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On the last trading day of the month, investors generally tend to realize gain and making the Asian market dropped. There is widespread concern on the prevailing stock prices that have overvalued the earning prospects of Asian companies. Hong Kong market ceased the surge of three day in a row, closed low at a loss of 0.6%. Hang Seng Index constituent stock Henderson Land Development Company slumped 4.2% on failing market expectation for its announced earnings.

Taiwan Taiex Index lost 0.53%. Fubon Financial Group, one of the constituent stocks of the Taiex, announced a milestone in its business across the strait with mainland China. Through its securities-brokerage arm, Fubon is setting up an asset-management joint venture with Founder Securities in Beijing. It shed light to the mark

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