07282016Thu
Last update: Thu, 28 Jul 2016 07am

Markets - Equity

Markets - Equity - Asia

Sri Lankan shares end lower; John Keells, Ceylon Tobacco fall COLOMBO: Sri Lankan shares ended slightly lower on Wednesday as investors sold blue-chips such as John Keells Holdings Plc and Ceylon Tobacco Company Plc even as the market awaited directions on the country's economic policy.The benchmark Colombo stock index ended down 0.09 percent at 6,382.42. It has fallen for three straight sessions through Wednesday."Investors area waiting to see tomorrow's policy rates," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd. "The government has promised a lot. So people are waiting to see whether those will be fulfilled in the prime minister's policy statement."Sri Lanka's central bank is expected to keep its key interest rates steady for a fifth straight month on Thursday, a Reuters poll showed, despite signs that inflation and private sector credit growth are picking up.Prime Minister Ranil Wickremesinghe is expected to announce the country's economic policy next month.Turnover stood at 364 million rupees ($2.49 million), ...


Markets - Equity - Asia

Hong Kong shares end up but Shanghai tumbles HONG KONG: Hong Kong stocks ended higher Wednesday ahead of a key Federal Reserve decision, but Shanghai was hit by a report that authorities plan to clamp down on China's massive wealth-management products market.The Hang Seng Index added 0.40 percent, or 89.26 points, to end at 22,218.99.The benchmark Shanghai Composite Index slumped 1.91 percent, or 58.17 points, to 2,992.00. The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 4.45 percent, or 90.97 ...

Markets - Equity - Europe

European stocks open higher on Japan news LONDON: Europe's main stock markets climbed at the start of Wednesday trade, after Japan's huge stimulus announcement and before the US Federal Reserve's interest rate call.In initial deals, London's FTSE 100 index added 0.3 percent to 6,745.75 points compared with the close on Tuesday, as dealers also awaited the first estimate of Britain's second-quarter economic growth.In the eurozone, Frankfurt's DAX 30 gained nearly 0.7 percent to stand at 10,314.43 points and the Paris CAC 40 ...

Markets - Equity - Australia

Australia shares end near 1-year high on rate cut hopes, NZ declines SYDNEY: Australian shares rose to their highest level in nearly a year on Wednesday as gains in commodity prices lifted resources stocks and soft inflation data boosted hopes of an interest rate cut, while New Zealand shares slipped. The S&P/ASX 200 index nudged up 2.2 points, or 0.04 percent, to 5,539.7 at the close of trade, its highest finish since Aug. 6, 2015.New Zealand's benchmark S&P/NZX 50 index fell 8.5 points, or 0.1 percent, to ...

Markets - Equity - Asia

China stocks post worst day in 6 weeks on crackdown fears SHANGHAI: China stocks closed sharply lower on Wednesday, with major indexes posting their worst daily performance in six weeks, as investors sold off on worries that regulatory changes are coming. The selloff was led by small caps, with the Chinext Growth Index, which mostly tracks smaller tech firms in Shenzhen, correcting nearly 6 percent, but blue chip financials also fell, as did a few clusters of hot concept stocks such as technology shares and carbon-related ...

Markets - Equity - Asia

Tokyo stocks end higher on massive Japan stimulus TOKYO: Tokyo stocks ended higher Wednesday after Japanese Prime Minister Shinzo Abe said his government will launch a whopping 28 trillion yen ($266 billion) economic stimulus package to shore up the faltering economy.The benchmark Nikkei 225 index rose 1.72 percent, or 281.78 points, to close at 16,664.82, while the broader Topix index of all first-section shares gained 1.13 percent, or 14.73 points, to 1,321.67.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong stocks open higher, dealers look to Fed HONG KONG: Hong Kong stocks climbed in the first few minutes of trade Wednesday ahead of the conclusion of the Federal Reserve's latest policy meeting, with investors hoping for fresh insight into the state of the US economy.The Hang Seng Index added 0.29 percent, or 63.58 points, to 22,193.31.And in Shanghai the benchmark composite Index was flat, edging up 0.20 points to 3,050.37, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, ...