02142016Sun
Last update: Sun, 14 Feb 2016 08am

Markets - Equity

Markets - Equity - Asia

China next in line of fire as Hong Kong stocks sink to 3-1/2-year low HONG KONG: A near 7 percent slump in China shares listed in Hong Kong this week and meltdown in financial markets globally is putting investors on edge ahead of the reopening of mainland China markets on Monday after the long Lunar New Year holiday. Investors will be watching China's official yuan fixing for any signs that it may be allowing the currency to weaken again to support its ailing exporters. That will be followed by export and import data for January which should hit trading screens soon after stock markets open. Worries about China's slowing economy and uncertainty over its foreign exchange rate policy were cited as key factors behind global markets' sudden fall in January. But in the past week, with China closed, additional worries have surfaced ranging from the health of European banks to doubts over whether central banks can dole out more effective stimulus. The Hang Seng ...


Markets - Equity - Asia

SE Asia Stocks-Down tracking Asia, bank woes; Indonesia at 1-week low BANGKOK: Most Southeast Asian stock markets fell on Friday as concerns about the health of European banks and the global economic outlook hit Asia, with risk-averse investors cautious ahead of a raft of economic data in the region next week.Indonesia underperformed in the region, with the Jakarta composite index ending down 1.3 percent at 4,714.39, the lowest close in more than one week.It dropped 1.8 percent on the week, in line with the poor showing ...

Markets - Equity - Asia

Tokyo stocks dive 5pc as strong yen hammers exporters TOKYO: Tokyo stocks plunged again Friday with the benchmark Nikkei index losing nearly five percent as a strong yen hammered exporters, ending a tumultuous week on Japanese markets.The Nikkei dropped 4.84 percent, or 760.78 points, to close at 14,952.61, shedding more than 11 percent in a holiday-shortened week.The broader Topix index of all first-section shares plunged 5.43 percent, or 68.68 points, to 1,196.28.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Australia

Australia, NZ shares drop on global jitters, gold stocks shine MELBOURNE/WELLINGTON: Australian and New Zealand shares fell 1 percent on Friday as worries about global growth hauled down most stocks except gold miners, which continued to climb as gold prices surged to a one-year high. The S&P/ASX 200 index was down 49.78 points at 4,772.8 by 0220 GMT, erasing all of the previous session's gains. Analysts and investors said there was no sign of a turnaround given there was little that could drive economic growth, ...

Markets - Equity - Asia

Seoul shares extend losses to 2pc, tracking regional peers SEOUL: South Korean shares extended losses on Friday to 2 percent as anxious investors raced to unload risky assets after the dollar headed to a 15-month low against a strong Japanese yen. Elsewhere, the Nikkei share index tumbled more than 5 pct on a strong yen in morning trade. The Korea Composite Stock Price Index (KOSPI) was down 2.3 percent at 1,818.47 points as of 0300 GMT. Copyright Reuters, 2016

Markets - Equity - Asia

Asian shares slip as bank fears add to global gloom TOKYO: Asian shares slipped on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. The prices of yen, gold and liquid government bonds of favoured countries soared as investors rushed to traditional safe-haven assets. "The markets are clearly starting to price in a sharp slowdown in the world economy and even a recession ...

Markets - Equity - Asia

Hong Kong stocks drop for second day as financials drag HONG KONG: Hong Kong's stocks fell for a second consecutive day on Friday, led by financials, as a global sell-off in bank shares gathered steam while concerns about the health of the global economy dragged shares in conglomerates and utilities lower. The benchmark index was down 0.53 percent at 18,447.14 by the end of the morning session. The China-enterprises index was down 0.8 percent at 7,596.87. In a holiday-shortened week, the city's benchmark index is ...