07252016Mon
Last update: Mon, 25 Jul 2016 10pm

Markets - Equity

Markets - Equity - Asia

Asia stocks track US sell-off on stimulus worries HONG KONG: Asian markets fell Friday, tracking the Dow on Wall Street's first loss in six sessions, with traders left disappointed by comments from central banks in Japan and Europe that caused them to roll back their stimulus hopes.Trading floors worldwide have been humming with excitement for the past few weeks, racking up trillions of dollars in gains, as leaders promised measures to kickstart economies in the wake of Britain's shock EU exit vote.The upbeat outlook, strong US data and expectations Japan would unveil a huge stimulus -- reportedly worth 20 trillion yen also sent the yen tumbling against the dollar.Copyright AFP (Agence France-Presse), 2016


Markets - Equity - Asia

China stocks slide as central bank official casts doubt on monetary stimulus SHANGHAI: China stocks closed down on Friday after a central bank official cast doubts on the likelihood of further interest rate cuts and investors took profits following the previous day's bounce. Sheng Songcheng, director of the Survey and Statistics Department at the People's Bank of China, said tax cuts would be a more effective way of stimulating the economy than interest rate cuts, the National Business Daily reported on Friday.Sheng added that China was caught ...

Markets - Equity - Europe

European stocks retreat at open LONDON: Europe's main stock markets fell at the start of trading on Friday, with London's benchmark FTSE 100 index sliding 0.2 percent to 6,689.17 points.In the eurozone, Frankfurt's DAX 30 dropped 0.3 percent compared with the close on Thursday to 10,130.51 points and the Paris CAC 40 also slid 0.3 percent to 4,365.38.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Tokyo stocks close down, Nintendo up on Pokemon launch TOKYO: Tokyo shares closed lower Friday as worries over a flagged stimulus dented spirits, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market.Trading got off to a weak start as investors bought the yen after an interview was aired in which central bank chief Haruhiko Kuroda ruled out using so-called helicopter money in any fresh economy-boosting measures.The strategy involves funnelling cash directly into the economy to boost ...

Markets - Equity - Australia

Australia shares pause near recent peak; NZ hits fresh record SYDNEY: Australia's shares paused near a one-year high on Friday, though a rally in the natural resources sector offset some losses in energy and financials, while New Zealand's bourse touched an all-time high. The S&P/ASX 200 index eased 0.26 percent, or 14.19 points, to close the session at 5,498.20. Although the benchmark finished slightly off at close, it was still near a one-year peak of 5,531.9 hit in the previous session.New Zealand's benchmark S&P/NZX 50 ...

Markets - Equity - Asia

Tokyo stocks close lower, Nintendo up on Pokemon launch TOKYO: Tokyo shares closed lower Friday as a rebounding yen hit exporters, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market.The benchmark Nikkei 225 index fell 1.09 percent, or 182.97 points, to close at 16,627.25, while the Topix index of all first-section shares dropped 0.89 percent, or 11.88 points, to 1,327.51.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong, Shanghai shares down by lunch HONG KONG: Hong Kong stocks fell in the morning session, in line with a sell-off around the world as investors were left disappointed by European and Japanese central bank comments that tempered hopes for stimulus measures.The Hang Seng Index eased 0.45 percent, or 99.29 points, to 21,901.20 by the break.And the benchmark Shanghai Composite Index fell 0.66 percent, or 20.19 points, to 3,018.82, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, ...