Last update: Fri, 09 Dec 2016 08pm

Stocks and Bonds


Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the election of Donald Trump as US president, and a new high for transportation stocks added to the bullish tone. All three major indexes finished more than 1 percent higher. The gains came even as Trump's comments on prescription drug pricing wounded the healthcare sector.

Tokyo's key stock index on Thursday chalked up its best close this year, tracking Wall Street's surge to another fresh record high and as investors eye a key European Central Bank meeting. The Nikkei 225 rose 1.45 percent, or 268.78 points, to end at 18,765.47, while the broader Topix index of all first-section issues gained 1.48 percent, or 22.07 points, to 1,512.69.
UK shares rose overall on Thursday - though not as much as European shares after the European Central Bank extended its stimulus programme - while outsourcing firm Capita tumbled after a profit warning. The bluechip FTSE 100 index was up 0.4 percent at 6,931.55 points by the close, hitting its highest level in one month, though euro zone bluechips outpaced British shares to end 1.4 percent higher.
European shares rose on Thursday, extending earlier gains as banks climbed further following the European Central Bank's unexpected decision to cut its monthly asset purchases. The ECB move pushed euro zone bond yields broadly higher, which in turn further boosted banking shares with Europe's STOXX 600 Bank index rising 2 percent.
During October and November 2016, the Securities and Exchange Commission of Pakistan (SECP) initiated 54 show cause proceedings and concluded 50 current proceedings, against the erring management and companies' auditors for various violations of the Ordinance. The department has adopted focused approach towards certain regulatory areas to ensure meticulous compliance which includes inter corporate financing, mandatory maintenance of website and submission of quarterly reports.
Indian shares rallied on Thursday, recovering from losses in the previous session, as investors expected the European Central Bank to extend its asset buying campaign at a policy meeting later in the day. The broader NSE index ended 1.79 percent higher at 8,246.85, while the benchmark BSE index closed 1.74 percent higher at 26,694.28. Financial stocks were among the biggest gainers. HDFC Bank Ltd and State Bank of India gained about 2 percent each.
Most Southeast Asian markets ended higher on Thursday, in line with broader Asia on expectations that the European Central Bank (ECB) would extend its asset-buying programme, while Singapore trimmed early gains to close flat. Later in the day, the ECB is expected to extend its quantitative easing (QE) programme by six months while keeping the size of its monthly asset purchases unchanged.