09262016Mon
Last update: Mon, 26 Sep 2016 01pm

Markets - Equity

Markets - Equity - Asia

Asian markets drop as Fed rally vanishes HONG KONG: Asian markets dropped at the start of the new trading week, picking up where they left off after last week's Fed-inspired rally ran out of steam.After a burst of enthusiasm on the back of the US central bank's decision to keep interest rates on hold for a little longer, the downward trajectory for the region continued on Monday.The stay of execution for easy money served also to bolster the Japanese yen, knocking the stuffing out of Tokyo which ended down 1.25 percent and adding to the gloom.A stronger yen tends to make Japanese stocks less desirable.Uneasiness over oil was also dampening enthusiasm, ahead of a meeting of the Organization of Petroleum Exporting Countries (OPEC) and Russia this week."Oil spot prices will have a big influence on where equities markets are going to trade for the early part of the week," said Angus Nicholson, a Melbourne-based analyst at IG ...


Markets - Equity - Europe

European stocks dip at open LONDON: European equities lost ground in opening trade on Monday, mirroring losses across Asia, with London's benchmark FTSE 100 index shed 0.5 percent at 6,872.86 points.In the eurozone, Frankfurt's DAX 30 declined about 0.7 percent to 10,555.19 points and the Paris CAC also lost around 0.7 percent to 4,455.59 compared with the closing level on Friday.Asian markets also dropped at the start of the new trading week, picking up where they left off after last ...

Markets - Equity - Asia

Hong Kong, Shanghai drop as Fed rally vanishes HONG KONG: Hong Kong shares dropped Monday in line with other Asian markets as last week's Fed-sparked rally dissipated.The Hang Seng Index shed 1.56 percent, or 368.56 points, to close at 23,317.92.The benchmark Shanghai Composite Index lost 1.76 percent, or 53.47 points, to 2,980.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 2.07 percent, or 41.52 points, to 1,966.60.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Asian shares slip, US presidential debate awaited TOKYO: Asian shares began the week under a cloud on Monday after losses on Wall Street, and as investors' attention turned from central banks to American politics ahead of the first US presidential debate.MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.7 percent by midday, while Japan's Nikkei stock index fell a similar amount as the yen firmed.Wall Street logged weekly gains but ended with solid losses on Friday. ...

Markets - Equity - Asia

China, Hong Kong stocks fall as recent rally shows signs of fatigue SHANGHAI: China and Hong Kong stocks started the week on a bearish note, tracking Asian markets lower on Monday morning, as their recent rally showed signs of fatigue.The markets' sluggish performance came after losses on Wall Street and as investors turned their attention to American politics ahead of the first U.S. presidential debate.China's blue-chip CSI300 index fell 0.8 percent, to 3,250.53 points by the lunch break, while the Shanghai Composite Index lost 0.7 percent, to ...

Markets - Equity - Asia

Tokyo shares drop by break on strong yen, weak oil TOKYO: Tokyo shares fell on Monday, as a strong yen sparked selling of exporters while lower oil prices hit energy stocks.The fall back comes after a global rally last week fuelled by relief that US and Japanese central banks decided to maintain their easy-money policies.Tokyo's benchmark Nikkei 225 index lost 0.84 percent, or 141.45 points, to sit at 16,612.57 by the break.The Topix index of all first-section shares was down 0.60 percent, or 8.06 points, ...

Markets - Equity - Asia

Asian markets slip as Fed rally vanishes HONG KONG: Asian markets slipped at the start of the new trading week, picking up where they left off after last week's Fed-inspired rally ran out of steam.After a burst of enthusiasm on the back of the US central bank's decision to keep interest rates on hold for a bit longer, equities had begun giving up some of their gains on Friday, moving back from 14-month highs in Asia.The stay of execution for easy money ...