War: quick victory hopes 燃料 伸び（る）s

By Jake Lloyd-Smith
Updated: 00:00 BST, 20 March 2003

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ASIAN 公正，普通株主権 markets rose today as the US opened its long-推定する／予想するd 軍の 不快な／攻撃 against Iraq まっただ中に 期待s that Saddam Hussein would be 速く 敗北・負かすd. 仲買人s said that 初期の 株 market 伸び（る）s, which （機の）カム on the heels of 前進するs in most centres on Tuesday and Wednesday, were built on hopes that the war would 原因（となる） 極小の 経済的な 損失. But 利益（をあげる）-taking followed, fuelled in part by nervousness about possible テロリスト 報復.

In South Korea, スキャンダル-攻撃する，衝突する SK 全世界の, the 貿易（する）ing arm of 複合的な／複合企業体 SK Group, 得るd the rewards of a 負債-返済 行き詰まり agreed with its army of creditors late on Wednesday. Its 株 追加するd 2.9%.

仲買人s said that the banks, led by its 長，指導者 貸す人 Hana Bank, could not afford for SK 全世界の to 崩壊（する） as it would have その上の 乱す the country's 資本／首都 markets. The creditors' lifeline could help to 妨げる problems at 負債-laden 仲買人 from 影響する／感情ing other 部隊s in the SK Group, 含むing SK Telecom, South Korea's 主要な 動きやすい 操作者, they said.

The 危機 爆発するd when SK 全世界の 認める last week that it had 劇的な overstated its 2001 results. The 会社／堅い is 推定する／予想するd to use its 12-week breathing space to sell 資産s and 削減（する） its 負債 負担. The broader Korean market also 伸び（る）d as the （判断の）基準 合成物 索引 会社／堅いd 15.03 points, or 2.77%, to 556.81.

In Singapore, Oversea-Chinese Banking 会社／団体, the city 明言する／公表する's smallest 貸す人, jumped 6% as 投資家s 元気づけるd the 告示 on a one-off cash （株主への）配当. The 海峡s Times 索引 追加するd 29.8 points to 1314.8. 競争相手 DBS Group, 一方／合間, 問題／発行するd a 研究 公式文書，認める 警告 投資家s of a 耐える market 決起大会／結集させる.

どこかよそで in Asia there was a pattern of strong 前進するs 存在 eaten away by profittaking. Some 早期に buying support had come on the 支援する of US 伸び（る）s on Wednesday.

The blue-半導体素子 Dow Jones 産業の 普通の／平均（する） rose 71.22 points, or 0.87%, to 8,265.45, while the 基準 and Poor's 500 索引 was up 7.57 points, or 0.87%, at 874.02. The Nasdaq 合成物, however, lost 3.47 points, or

0.25%, to 1,397.08 as ソフトウェア 製造者 Oracle said 重要な ソフトウェア sales failed to 会合，会う 期待s.

In Japan, the Nikkei 225 raced to a two-week high, 追加するing almost 3% in the morning 開会／開廷／会期. The lea d 索引 then 強固にする／合併する／制圧するd in late 貿易（する）, and の近くにd 144.01 points up at 8195.05

In Hong Kong there was 類似の volatility. The 33-member Hang Seng 索引 slipped into 消極的な 領土 before 前進するing 36 points to 9194.6.

Taiwan's 負わせるd 普通の／平均（する） rose 1.86% or

84.18 points to 4599.25, while Australia's All Ordinaries 索引 の近くにd 51.4 points higher at 2866.1. 'The next 24 to 48 hours will be 批判的な,' one strategist told reporters as 報告（する）／憶測s from the 湾 were scrutinised.

Thailand's SET 索引 was up 2.65 points, or 0.73%, at 363.78 points, and in Indonesia the Jakarta 合成物 索引 rose 2.47 points, or 0.7%, to 387.95. Malaysia's Kuala Lumpur 合成物 索引 was up 2.13 points, or 0.34%, at 630.07.

'The [Asian] markets' 見解（をとる） is that the 過程 of war will be a 比較して 簡潔な／要約する 事件／事情／状勢 and 除去する one of the 強制s to the 復活 of the 全世界の economy,' said Desmond Supple, 長，率いる of Asian 研究 at Barclays 資本／首都 in Singapore.