08242016Wed
Last update: Wed, 24 Aug 2016 06pm

Markets - Equity

Markets - Equity - Asia

Philippines, Indonesia stock hit record highs in results season  BANGKOK: Stocks in the Philippines and Indonesia hit their all-time closing highs on Monday with selected large-caps outperforming in a reporting season, though caution over Chinese trade data weighed on sentiment in Southeast Asia.The Philippine index climbed 0.7 percent to 7,782.57, above the record close of 7,728.18 set on Feb. 6. Universal Robina Corp jumped 6.2 percent, and was the top performer on the index, after the food and beverage company announced a dividend and a 13 percent rise in earnings."Expectations of positive listed company annual income results and untouched key policy rates in coming days fuel the upbeat market performance," said Philippine stock exchange President Hans B. Sicat.The Philippine central bank is due to meet on Thursday to review its interest rates.The Jakarta composite index ended up 0.1 percent at a record closing high of 5,348.47. Shares of Bank Mandiri gained 3.1 percent ahead of its 2014 earnings expected ...


Markets - Equity - Asia

India's Tata Steel shares fall at pre-open after weak earnings MUMBAI: Shares in India's Tata Steel Ltd fell 3.2 percent in pre-open trade after the company reported a 69 percent drop in its December quarter profits.Tata Steel's consolidated net profit fell to 1.57 billion rupees ($25 million) in the three months through Dec. 31, the lowest since the second quarter of 2013, from 5.03 billion a year earlier.Shares in Tata Steel, part of the $100 billion Tata conglomerate, fell 5.9 percent in 2014, compared to ...

Markets - Equity - Asia

Indian shares fall for seventh day ahead of Delhi election results MUMBAI: Indian shares fell over 1.5 percent on Monday, falling for a seventh consecutive session, as exit polls showed Prime Minister Narendra Modi facing electoral defeat in Delhi, raising concerns that the government may not gain control in the upper house of the parliament.The anti-corruption Aam Aadmi Party, or Common People's Party, is likely to win 38 seats in the 70-seat New Delhi assembly, according to the average of four opinion polls released on Saturday ...

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 ...

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