For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Japanese shares fell, reversing gains from the morning session, following a report a man is being tested for Ebola in Tokyo. Oil and coal producers and developers led declines among the 33 Topix industry groups. Toyota Motor Corp. slid 0.4 percent as the yen erased a drop against the dollar. Fujifilm Holdings Corp., which makes the Avigan drug used in experimental Ebola treatments, climbed 0.4 percent. Nippon Suisan Kaisha Ltd., a seafood producer, added 3.2 percent as fishing stocks posted the biggest advance. The Topix slid 0.2 percent to 1,424.67 at the close in Tokyo, paring a loss of as much as 1.3 percent in the afternoon after rising as much as 0.4 percent in the morning. Volume was 18 percent below the 30-day average today. The Nikkei 225 Stock Average dropped 0.5 percent to 17,729.84. The yen was little changed at 120.31 per dollar after falling as much as 0.2 percent. The news that a Japanese man may have Ebola looks to have triggered this drop in shares, said Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong. We think this index selloff is overdone and a knee-jerk reaction. The yen has also amplified the move. A man in Tokyo in his 30s is being tested for the virus after reporting a fever of more than 38 degrees, the health ministry said. The man had returned from Sierra Leone this month, where he attended a burial and had contact with a body bag, the ministry said. Lacking News The market is just short on news, which is why it is reacting to the Ebola report, said Mikey Hsia, a trader at Sunrise Brokers LLP. So you can give it any reason, and the market will just come off a bit before the investors who buy on dips reappear again. Fujifilm gained 0.4 percent to 3,783 yen. Airtech Japan Ltd., which makes antibacterial and cleaning equipment, soared 15 percent to 792 yen. Azearth Corp., which sells protective gear to guard against hazards such as bird flu, surged 16 percent to 724 yen. Authorities culled at least 42,000
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
