02082016Mon
Last update: Mon, 08 Feb 2016 04am

Markets - Equity

Markets - Equity - Asia

China shares end higher, yuan fixed firmer SHANGHAI: Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays.The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1 percent, but trading volumes were low again, as a turbulent January frightened off many investors.The gains recouped Monday's losses, incurred after official surveys of China's manufacturing and services sectors sent ripples of selling through global markets, but barely made a dent in the indexes' losses so far this year, which now stand at 21-22 percent."The data suggest continued uncertainties and headwinds to the outlook," wrote Shengzu Wang, an analyst at Barclays. "We have seen no sign of stabilisation since the start of 2016."Wang was surprised China's central bank had not cut ...


Markets - Equity - Asia

Energy stocks hit as oil resumes losses, Asia markets retreat HONG KONG: Oil prices on Tuesday extended their heavy losses from the previous session, hitting Asia's beleaguered energy stocks as most regional markets retreated from a recent rally.Weak factory data in China and the United States added to the selling pressure, although Shanghai rallied on hopes of fresh economy-priming measures from Beijing and after the central bank pumped billions of dollars into financial markets.The euphoria fuelled by Japan's shock decision Friday to adopt a negative ...

Markets - Equity - Europe

European stock markets extend losses at open LONDON: Europe's main stock markets fell further at the start of trading on Tuesday, with sentiment dogged by weaker oil prices and global economic fears centred on China.London's FTSE 100 benchmark index of top blue-chip companies slid about 0.4 percent to 6,037.28 points compared with Monday's close.In the eurozone, Frankfurt's DAX 30 index shed nearly 0.4 percent to 9,721.2 points and the Paris CAC 40 declined 0.53 percent to 4,368.9.The region's markets had also fallen ...

Markets - Equity - Asia

Tokyo shares fall as energy stocks take a hammering TOKYO: Tokyo shares fell Tuesday as energy firms suffered heavy losses after oil resumed its downward spiral, and a rally fuelled by the Bank of Japan's latest policy moves faded.The slump in crude prices sapped market sentiment as investors gauge the impact of the central bank's surprise stimulus announcement last week.The move to introduce a negative interest rate policy came as concerns grow over China's slowing economic growth, which was reinforced by weak manufacturing data ...

Markets - Equity - Asia

China stocks surge as central bank boosts liquidity HONG KONG: Chinese stocks rallied on Tuesday after the country's central bank pumped billions of dollars into the financial system to boost liquidity ahead of the week-long Lunar New Year holiday.The benchmark Shanghai Composite Index jumped 2.26 percent, or 60.72 points, to 2,749.57 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, surged 3.42 percent, or 57.18 points, to 1,729.09 on turnover of 244.3 billion yuan.But the Hang Seng Index in Hong ...

Markets - Equity - Asia

Tokyo shares fall as oil price drop hits energy shares TOKYO: Tokyo shares fell Tuesday as energy firms suffered heavy losses after oil resumed its downward spiral, and a rally fuelled by the Bank of Japan's interest rate cut faded.The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 0.64 percent, or 114.55 points, to 17,750.68, while the Topix index of all first-section shares fell 0.73 percent, or 10.63 points, to 1,452.04.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Shanghai shares rally more than two percent by lunch HONG KONG: Shanghai stocks surged more than two percent Tuesday morning after the Chinese central bank pumped billions of dollars into financial markets to provide liquidity ahead of next week's Lunar New Year holiday.The benchmark Shanghai Composite Index rose 2.36 percent, or 63.37 points, to 2,752.22 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 3.48 percent, or 58.26 points, to 1,730.17.But Hong Kong's Hang Seng Index fell 0.79 percent, or ...