TAQA says looking at share options after dual listing report
2013-05-20 13:39:55 GMT : (Markets - Equity/Asia)
ABU DHABI: Abu Dhabi National Energy Company (TAQA) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign inv...
Seoul shares end lower, automakers gain on Europe outlook
2013-05-20 09:53:50 GMT : (Markets - Equity/Asia)
SEOUL: South Korean shares edged lower on Monday, with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions took profits on the sector."Although the market ended on a weaker note, the return of foreign investors comes as a positive sign. We will probably see stronger foreign money inflows as soon as the Vanguard-related share sale is over," said R.S. Rhoo, a ...
Hong Kong shares end 1.78pc higher
2013-05-20 08:09:28 GMT : (Markets - Equity/Asia)
HONG KONG: Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high.The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion ($8.89 billion).Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in property and...
Asia shares higher on US gains
2013-05-20 07:03:04 GMT : (Markets - Equity/Asia)
HONG KONG: Asian shares rose on Monday reflecting a bullish mood on Wall Street and extending their two-week rally, buoyed by better-than-expected US data.Tokyo stocks were up 1.47 percent, or 222.69 points, to 15,360.81, while Taipei edged up 0.11 percent, or 8.86 points, to 8,377.05, and Sydney gained 0.54 percent, or 28.2 points, to close at 5,209.0.Hong Kong was 1.72 percent higher, or 397.09 ...
Tokyo stocks rally on renewed policy hope, strong US data
2013-05-20 06:25:48 GMT : (Markets - Equity/Asia)
TOKYO: Tokyo stocks gained 1.47 percent Monday as investors renewed their hopes for Tokyo's growth policy while strong US data and the weaker yen continued to encourage investors.The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007. The Topix index of all first-section issues climbed 1.30 percent or 16.27 points to 1,269.51.Copyright AFP (Agence ...
Tokyo stocks open up 0.81pc
2013-05-20 05:23:45 GMT : (Markets - Equity/Asia)
TOKYO: Tokyo stocks opened 0.81 percent higher on Monday, buoyed by a weaker yen and gains in US and overseas stock markets last week.The benchmark Nikkei 225 index was up 122.49 points at 15,260.61 at the start."Bullish equities markets and the progressively weaker yen should help drive the market to a fresh multi-year high after much profit-taking in the last several sessions," said Hiroichi Nis...
China shares up slightly in morning trade
2013-05-20 05:13:55 GMT : (Markets - Equity/Asia)
SHANGHAI: Chinese shares were up slightly in early trading on Monday due to buying of property stocks, dealers said.The benchmark Shanghai Composite Index rose 0.12 percent, or 2.69 points, to 2,285.56.Copyright AFP (Agence France-Presse), 2013
Hong Kong stocks 1.70pc higher by break
2013-05-20 05:06:58 GMT : (Markets - Equity/Asia)
HONG KONG: Hong Kong stocks were up 1.70 percent by the break on Monday, with investors encouraged by strong US data and reflecting a bullish mood on Wall Street, which ended last week at another all-time high.The benchmark Hang Seng Index rose 391.35 points to 23,474.03 by the noon break on turnover of HK$37.26 billion (US$4.80 billion).Copyright AFP (Agence France-Presse), 2013
Asia shares mixed after US stocks dip
2013-05-17 07:46:36 GMT : (Markets - Equity/Asia)
HONG KONG: Asian shares were mixed on Friday after US stocks dipped on weaker-than-expected economic data following recent record-breaking gains.The dollar gained slightly in Asia as investors cautiously adjusted their positions following the unit's recent surge with brokers saying plenty of players, including importers, were willing to buy on dips.Tokyo gained 0.67 percent or 100.88 points to...
China shares close out third weekly gain with late flourish
2013-05-17 07:09:40 GMT : (Markets - Equity/Asia)
HONG KONG: China shares closed out their third-straight weekly gain strongly on Friday, as investors chased a rally in property stocks ahead of April home price data due on Saturday.The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.5 percent, while the Shanghai Composite Index closed up 1.4 percent at 2,282.9. This week, they rose 2 and 1.6 percent, respectively.Copyright ...
Tokyo stocks close up 0.67pc
2013-05-17 06:20:12 GMT : (Markets - Equity/Asia)
TOKYO: Tokyo stocks advanced 0.67 percent Friday, recovering from earlier losses, on growing expectations of Japan's economic recovery on the back of its government's economic measures.The benchmark Nikkei 225 index on the Tokyo Stock Exchange closed up 100.88 points to 15,138.12, while the Topix index of all first-section shares rose 0.64 percent, or 8.01 points, to 1,253.24.Copyright AFP...
China shares flat in morning trade
2013-05-17 04:11:18 GMT : (Markets - Equity/Asia)
SHANGHAI: Chinese shares were flat in early trading on Friday, dealers said.The benchmark Shanghai Composite Index edged up 0.07 percent, or 1.62 points, to 2,253.43.Copyright AFP (Agence France-Presse), 2013
Asia shares mixed after US stocks dip
2013-05-17 04:04:29 GMT : (Markets - Equity/Asia)
HONG KONG: Asian shares were mixed on Friday after US stocks dipped on weaker-than-expected economic data following recent record-breaking gains.The dollar gained slightly in Asia as investors cautiously adjusted their positions following the unit's recent surge with brokers saying plenty of players, including importers, were willing to buy on dips.Tokyo stocks lost 0.12 percent by the break, ...
Sri Lanka's bourse at 1-1/2 year high on foreign, retail buying
2013-05-16 14:10:00 GMT : (Markets - Equity/Asia)
COLOMBO: Sri Lankan shares rose more than 1 percent on Thursday to hit a 1-1/2 year high, with foreigners dominating trading, while retail investors also bought after a fall in interest rates.The main stock index rose 1.06 percent, or 65.88 points, to close at 6,287.00, its highest since Nov. 11, 2011.Foreign investors bought 1.28 billion rupees ($10.16 million) of stocks. On a net basis, they bou...
Indian shares gain on rate cut hopes, MSCI additions
2013-05-16 13:05:01 GMT : (Markets - Equity/Asia)
MUMBAI: Indian stocks edged higher on Thursday, with the NSE index at a 2-1/2 year high, as lenders continued their rally on expectations of early rate cuts by the central bank, while four additions to the MSCI India index, including Wockhardt, also gained.Expectations the Reserve Bank of India could cut interest rates as early as its next policy review on June 17 have risen sharply after data ear...
Hong Kong stocks end 0.17pc higher
2013-05-16 09:21:02 GMT : (Markets - Equity/Asia)
HONG KONG: Hong Kong shares finished 0.17 percent higher on Thursday after Wall Street brushed off gloomy data from the eurozone to hit another record high.The benchmark Hang Seng Index added 38.44 points to 23,082.68 on turnover of HK$60.80 billion ($7.83 billion).Chinese shares closed up 1.21 percent. The benchmark Shanghai Composite Index rose 27.01 points to 2,251.81 on turnover of 102.3 billi...
JGBs snap four-session losing streak, buoyed by smooth 5-year sale
2013-05-16 09:02:23 GMT : (Markets - Equity/Asia)
TOKYO: Japanese government bond prices rose on Thursday after a four-session rout, finding solace in higher US Treasuries and solid demand at this session's five-year sale.An overnight drop in US bond yields for the first time in a week underpinned JGBs, market participants said. Treasuries had sold off on growing expectations that the Federal Reserve could taper its bond buying programme, but...
Nikkei falls on banks, weak capital spending
2013-05-16 09:00:31 GMT : (Markets - Equity/Asia)
TOKYO: Japan's Nikkei stock average fell on Thursday, reversing from a fresh 5-1/2-year high earlier in the session, after banks offered downbeat earnings guidance and investors took profits in the face of doubts prompted by the breakneck speed of recent rises.The market was also dented by weak company capital spending by over the March quarter.Official figures published on Thursday morning sh...
Asia shares mixed despite stronger Japanese growth
2013-05-16 07:07:18 GMT : (Markets - Equity/Asia)
HONG KONG: Asian shares were mixed on Thursday despite another record US stocks close and fresh data that showed Japan's economy grew faster than expected in the quarter to March.Tokyo fell 0.39 percent, or 58.79 points, to 15,037.24, Sydney dropped 0.50 percent, or 26 points, to 5,165.7, while Seoul rose 0.79 percent, or 15.55 points, to 1,986.81.In the afternoon, Hong Kong was up 0.36 percen...
Tokyo stocks close down 0.39pc
2013-05-16 06:29:38 GMT : (Markets - Equity/Asia)
TOKYO: Tokyo stocks closed 0.39 percent lower on Thursday, despite US shares hitting all-time highs and fresh data that showed Japan's economy grew between January and March.The benchmark Nikkei 225 index, which closed at its highest level in more than five years on Wednesday, lost 58.79 points to 15,037.24 as profit-taking weighed, while the Topix index of all first-section shares declined 0....