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Last update: Sat, 03 Dec 2016 05am

Markets - Equity

Markets - Equity - Asia

Sri Lanka shares end little changed; turnover slumps COLOMBO: Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals. The Colombo stock index ended 0.02 percent down at 6,252.12, and lost 1.17 percent during the week, marking its third straight weekly fall. The bourse hit its lowest close since April 7 on Wednesday on caution over the budget tax proposals, including revisions in corporate and withholding taxes. The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion rupees year-on-year, and meet a commitment given to the International Monetary Fund in return for a $1.5 billion loan in May. "Investors area worried and staying on the sideline with the uncertainty haunting the markets," said Dimantha Mathew, head of research at First Capital Equities (Pvt) Ltd. Analysts said the increase in various taxes and fees would reduce disposable ...


Markets - Equity - Europe

Hong Kong stocks end week with gains HONG KONG: Hong Kong shares ended the week with healthy gains on Friday, wiping out the previous day's losses and tracking a rally across Asian markets.The Hang Seng Index closed up 0.51 percent, or 114.96 points, at 22,723.45.The benchmark Shanghai Composite Index rose 0.62 percent, or 20.20 points, to 3,261.94 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.39 percent, or 8.36 points, to 2,129.85.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Europe

European stocks rise at open LONDON: Europe's main stock markets rose slightly at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.2 percent to 6,841.48 points.Frankfurt's DAX 30 climbed 0.1 percent to 10,700.17 points and the Paris CAC 40 gained also 0.1 percent to open at 4,548.85 compared with the close on Thursday.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Tokyo stocks close at 11-month high TOKYO: Tokyo's benchmark index closed at an 11-month high Friday, notching up the year's longest winning streak as a sharp drop in the yen boosts the outlook for exporters.The Nikkei 225 added 0.26 percent, or 47.81 points, to 18,381.22, its seventh consecutive gain, while the Topix index of all first-section issues ended up 0.31 percent, or 4.57 points, at 1,464.53.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Hong Kong stocks edge up in morning HONG KONG: Hong Kong stocks rose on Friday morning, recovering the previous day's losses and tracking gains across most of Asia's other markets.The Hang Seng Index added 0.36 percent, or 82.00 points, to 22,690.49 by the break.The benchmark Shanghai Composite Index eased 0.13 percent, or 4.10 points, to 3,237.64 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.23 percent, or 4.96 points, to 2,116.53.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Sri Lanka shares end 8-day losing streak COLOMBO: Sri Lankan shares snapped an eight-day falling streak to end slightly higher on Thursday, but concerns over recent tax proposals continued to weigh on sentiment. The bourse hit its lowest close since April 7 on Wednesday on caution over the budget tax proposals, including revisions in corporate and withholding taxes.The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion rupees year-on-year, and meet a commitment given to the International ...

Markets - Equity - Asia

Dollar rally plugs on, Tokyo boosted by soft yen HONG KONG: The dollar barrelled ever higher against most currencies Thursday, sitting at an eight-month high against the yen and hitting a record high against the Indian rupee.The surge in the greenback helped fuel another rally in Tokyo but traders in most other markets turned cautious after recent healthy gains.US investors gave their Asian colleagues another strong lead with the Dow hitting a new record on Wall Street after fresh data showed further improvement in ...