##{"id":61581,"date":"2013-03-28T16:54:40","date_gmt":"2013-03-28T05:54:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/03\/28\/australian-stocks-what-happened-today-69\/"},"modified":"2013-03-28T16:54:40","modified_gmt":"2013-03-28T05:54:40","slug":"australian-stocks-what-happened-today-69","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/03\/28\/australian-stocks-what-happened-today-69\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"

\n\tThe analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic Research<\/p>\n

\n\tJapan leads Asia lower on BoJ<\/span> disappointment<\/strong><\/p>\n

\tAsian stocks plummeted today, with Japan’s Nikkei leading losses as the Bank of Japan Governor Kuroda<\/span> disappointed investors hoping for more stimulus measures to be implemented faster. China’s market also slumped today amid concerns that new wealth management rules will hurt bank earnings; financial companies traded 5.1% down today.<\/p>\n

\n\tOn the local market, meanwhile, industrials advanced 0.2% as BlueScope<\/span> Steel ((BSL<\/span>)) rallied 3.0% after it said Japan’s Nippon<\/span> Steel & Sumitomo<\/span> Metal Corporation has made the US$540 million payment needed to formalise<\/span> their 50-50 joint venture in South East Asia and North America. Nufarm<\/span> ((NUF<\/span>)) fell as much as 15% to an 18-month low after the company said a dry, hot summer put a dent in earnings. Cyprus’ banks will reopen their doors tonight for the first time in almost two weeks, but with limits on cash withdrawals.<\/p>\n

\tTo read today's report in PDF in full, see link at the top of this story.<\/p>\n

\n\t(For a more comprehensive summary of last night’s market action see FNArena’s<\/span><\/a> Overnight Report.)<\/p>\n

\n\tAnalyst Certification: Any views expressed in this research report by Seismic Research Solutions Pty Ltd (‘Seismic Research’) accurately reflect the personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst principally responsible for the preparation of this research report receives compensation based on overall revenues of Seismic Research and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.<\/p>\n

\n\tDisclaimer: This document is intended solely for informational purposes and solely for the particular person to whom it was provided by Seismic Research Solutions Pty Ltd (‘Seismic Research’, ABN: 96 143 340 194). This document should not be relied upon by any other person. All statements contained herein are subject to change without notice. This document is not an offer to buy or sell any financial instruments. This document contains general advice only. In preparing this document, Seismic Research has not taken into account any recipient’s investment objectives, financial situation or particular needs of the reader. Seismic Research is not acting as advisor or fiduciary in providing this document, the reader should not make an investment decision on the basis of this document. Although we believe that the information this document contains is accurate and reliable, Seismic Research has not independently verified the information contained in this document, which is derived from publicly available sources. Seismic Research is an Authorised<\/span> Representative of an Australian Financial Services Licence<\/span> holder (AFSL<\/span>: 338 943). Authorised<\/span> Representative number: 389 109.<\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A wrap of the day’s activity on the Australian stock market.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[40],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61581"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=61581"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61581\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}