06302016Thu
Last update: Thu, 30 Jun 2016 06pm

Markets - Equity

Markets - Equity - Asia

China launches first equity options, investors bet stock prices to rise SHANGHAI: China launched its first stock options on the Shanghai Stock Exchange on Monday, offering investors a new hedging tool for trading index heavyweights, which regulators long have hoped to boost.The options are based on the exchange-trade fund (ETF) that tracks the SSE50 index, composed of the 50 most heavily weighted stocks on the bourse.Regulators are essentially guiding investors into blue chips, which most retail investors have avoided in favour of smaller firms, whose valuations have been pushed up.Components in the SSE50 index have average price-to-earnings ratio of 10 times, compared with 17 times for the broader market.At the start, 40 contracts for March, April, June and September have been listed.Options will allow investors to hedge their investments but may also expose speculators to heavy losses. The premium is the price of option contracts, or the money that investors pay to own option rights.In mid-morning trade, the premium of the ...


Markets - Equity - Asia

Asia stocks mostly down on US rates expectations HONG KONG: Most Asian markets slipped Monday as a strong US jobs report fuelled expectations the Federal Reserve will bring forward an interest rate rise.But poor Chinese trade data lifted shares in Shanghai on hopes Beijing will introduce renewed easing measures.Oil prices advanced after last week enjoying their best weekly gains in four years. Traders are also watching events in Europe as Greece's new anti-austerity government prepares to meet its creditors.Tokyo ended 0.36 percent higher, ...

Markets - Equity - Asia

Hong Kong shares end 0.64pc lower, Hang Seng Index slipped 158.39 points HONG KONG: Hong Kong stocks fell 0.64 percent Monday following more weak Chinese trade data, while a strong US jobs report fuelled speculation the Federal Reserve will raise interest rates earlier than expected.The benchmark Hang Seng Index slipped 158.39 points to 24,521 on turnover of HK$67.24 billion ($8.68 billion).However, shares in Shanghai turned positive on hopes for fresh economy-boosted measures out of Beijing.China said at the weekend that exports slipped 3.2 percent year-on-year in January, ...

Markets - Equity - Europe

European stocks drop at open; London loses 0.53pc LONDON: Europe's main stock markets dipped at the start of trading on Monday, with London's benchmark FTSE 100 index down 0.53 percent to 6,817.32 points.Elsewhere, Frankfurt's DAX 30 slid 0.75 percent to 10,765.21 points and the CAC 40 in Paris shed 0.83 percent to 4,652.16 compared with Friday's close.Copyright AFP (Agence France-Presse), 2015

Markets - Equity - Asia

Hong Kong shares end 0.64pc lower HONG KONG: Hong Kong stocks fell 0.64 percent Monday following more weak Chinese trade data, while a strong US jobs report fuelled speculation the Federal Reserve will raise interest rates earlier than expected.The benchmark Hang Seng Index slipped 158.39 points to 24,521 on turnover of HK$67.24 billion ($8.68 billion).In mainland China the benchmark Shanghai Composite Index rose 0.62 percent, or 19.21 points, to 3,095.12 on turnover of 240.7 billion yuan ($39.3 billion).The Shenzhen Composite Index, ...

Markets - Equity - Asia

Alibaba places China smartphone business bet with $590mn Meizu deal BEIJING/SHANGHAI: China's Alibaba Group Holding Ltd is taking a $590 million stake in an obscure domestic smartphone maker as the e-commerce giant tests ways to expand its mobile operating system in a shrinking, cut-throat handset market.Extending a previously muted push into hardware, Alibaba said on Monday it will buy an unspecified minority stake in smartphone maker Meizu Technology Co. Dwarfed by rivals like Xiaomi Inc, privately owned Meizu's slice of China's smartphone market is estimated ...

Markets - Equity - Asia

China shares rebound as first stock options debut, Hong Kong fall SHANGHAI: China stocks rebounded on Monday as excitement around the launch of the country's first stock options offset worries over the economy following worse-than-expected trade data.Financial shares, which represent some of the most heavily weighted stocks on the Shanghai Stock Exchange, climbed after the bourse launched options that offer investors a new hedging tool for trading index heavyweights."The options will increase trading in blue chips," said Zhou Lin, analyst at Huatai Securities."Although initially, the volume ...