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Shanghai shares close at 15 month high on release of IPO subscription funds HONG KONG: Shanghai shares closed at their highest in 15 months on Tuesday as investors bet funds freed from last week's initial public offering (IPO) subscriptions, selecting stocks expected to benefit from state firm reforms and the coming equity link between Shanghai and Hong Kong. The Shanghai Composite Index climbed 1.4 percent to 2,266.05 points, highest close since June 5, 2013.The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 1.3 percent to its highest since mid-December. Defence stocks were the key outperformers for a third day, lifted by reform hopes in the sector. China Avic Electronics jumped 5.6 percent, and China Spacesat soared the maximum allowed 10 percent. Kweichow Moutai led gains among Chinese liquor makers with a rise of 2.6 percent. Shares of the sector leader were among those recommended by Goldman Sachs in its latest report, which said the stock would benefit from the coming ...


European shares edge up; Luxottica falls PARIS: European shares rose in early trade on Tuesday, bouncing within a recent tight range as investors await the European Central Bank's policy decision later this week before chasing stocks higher.Shares in Luxottica bucked the trend as it fell 1.9 percent after the Italian luxury eyewear maker overhauled its top management structure. At 0707 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,379.23 points. Copyright Reuters, 2014

Tokyo stocks close up at more than seven-month high TOKYO: Tokyo stocks closed at their highest level in over seven months on Tuesday with the benchmark Nikkei index adding 1.24 percent as a sharp drop in the yen lifted exporter shares.The Nikkei rose 192.00 points to 15,668.60, its best finish since late January, while the Topix index of all first-section shares climbed 1.09 percent, or 13.94 points, to 1,297.00.Wall Street was closed Monday for the Labor Day weekend, while European markets saw a soft ...

South Korean shares fall to 1 week low on weak export outlook SEOUL: South Korean shares slipped to a one-week low on Tuesday, as signs of weak growth in Europe heightened concerns over the trade-reliant nation's export prospects. The Korea Composite Stock Price Index (KOSPI) closed down 0.79 percent at 2,051.58 points. Market reaction was muted after data from the central bank on Monday morning showed South Korea's annual inflation at a five month low, though giving the central bank sufficient room to cut interest rates again ...

Dubai nears chart barriers, may see profit-taking DUBAI: Dubai's stock market, lifted in the past two days by the upcoming initial public offer of developer Emaar Properties' malls unit, is nearing strong technical resistance that may encourage profit-taking. The Dubai index rose 1.5 percent to 5,141 points on Monday. It dropped sharply in June after hitting that month's peak of 5,192 points, and faces bigger resistance at May's multi-year peak of 5,407 points. The June drop was largely due to builder Arabtec ...

Hong Kong shares fall on profit-taking, China stocks edge gains HONG KONG: Hong Kong shares fell to three-week lows on Tuesday weighed down by profit-taking, while the Chinese onshore markets eked out slim gains thanks to outperforming port and liquor stocks. By midday, the Hang Seng Index was down 0.6 percent at 24,613.83 points. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent to its lowest since Aug. 8. The CSI300 of the leading Shanghai and Shenzhen A-share listings ...

Taiwan stocks edge lower; tech, semiconductors lead falls TAIPEI: Taiwan stocks fell 0.66 percent in morning trade on Tuesday, largely in line with other regional bourses as further uncertainties over Europe's economic situation kept investors skittish.As of 0155 GMT, the main TAIEX index was down 62.91 points at 9,450.15, after closing up 0.81 percent on Monday.A number of regional markets, including the Korea KE Kospi Index and MSCI's broadest index of Asia-Pacific shares outside Japan fell on Tuesday, as investors awaited new steps ...


 



 
IndexClosingChg%
ArrowDJIA 17,098.45 0.11
ArrowNasdaq 4,580.27 0.50
ArrowS&P 2,003.37 0.33
ArrowFTSE 6,825.31 0.08
ArrowDAX 9,479.03 0.09
ArrowCAC-40 4,379.73 0.03
ArrowNikkei 15,476.60 0.34
ArrowH.Seng 24,752.09 0.04
ArrowSensex 26,867.55 0.86





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln