12032016Sat
Last update: Sat, 03 Dec 2016 03am

Markets - Equity

Markets - Equity - Americas

Brazil shares up as pulp producers, steelmakers rally SAO PAULO: Brazilian stocks rose on Tuesday as hopes of higher prices of basic products lifted shares of miners, steelmakers and pulp producers.Brazil's benchmark Bovespa stock index was 2.2 percent higher, rising for the third straight day.Preferred shares of Suzano Papel e Celulose SA led the gains after the company agreed to increase prices of its pulp exports to China by 3.8 percent beginning in December.Rival Fibria Celulose SA later said it would also raise prices for the Asian market.Shares of miners and steelmakers, such as Cia Sider?rgica Nacional SA and Vale SA, also extended their rally. Many traders hope heavy infrastructure spending under US President-elect Donald Trump translates into higher prices of industrial metals.An index tracking shares of producers of basic products listed on the S?o Paulo stock exchange reached a nearly two-year high.Most Latin American currencies were slightly higher, extending their rebound from a selloff triggered by Trump's ...


Markets - Equity - Asia

Sri Lankan shares fall for 7th session; tax proposals weigh on mkt COLOMBO: Sri Lankan shares extended their falls into a seventh session on Tuesday, posting their lowest close since July 4, as investor sentiment was hit by 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 (then $12.35 billion) year-on-year, and meet a commitment given to the International Monetary Fund in return for a $1.5 billion loan in May. The ...

Markets - Equity - Asia

Hong Kong stocks end sharply higher HONG KONG: Hong Kong stocks soared Tuesday, tracking a rally across Asia and in New York, with energy firms the big winners as oil prices were boosted by hopes of a deal to cut production.The Hang Seng index rose 1.43 percent, or 320.29 points, to close at 22,678.07.The benchmark Shanghai Composite Index rose 0.94 percent or 30.20 points, to 3,248.35. The Shenzhen Composite Index, which tracks stocks on China's second exchange, increased 0.89 percent, or ...

Markets - Equity - Asia

Asia stocks rally with oil, Tokyo hits 10-month high HONG KONG: Asian markets rose Tuesday with energy stocks tracking a surge in oil prices, while Tokyo hit a fresh 10-month high after an early sell-off prompted by a huge earthquake off the northeast coast.The quake struck around dawn in the same region as the deadly 2011 tremor, sparking fears of another tragedy. But while it caused some tsunamis they were not as high as five years ago.The yen strengthened against the dollar after the ...

Markets - Equity - Asia

Nikkei posts 5-day winning streak, earthquake impact seen limited TOKYO: Japanese stocks edged up in choppy trade on Tuesday to close on a five-day winning streak, but gains were limited as investors opted not to take big positions before a national holiday in Japan.A powerful earthquake that hit northern Japan in the early morning had only a limited impact on the market.The Nikkei rose 0.3 percent to 18,162.94, its highest close since early January.The broader Topix gained 0.3 percent to 1,447.50 and the JPX-Nikkei ...

Markets - Equity - Asia

Tokyo stocks close higher, extending rally TOKYO: Tokyo stocks closed higher for a fifth straight session on Tuesday, recovering from an early sell-off as authorities said a powerful quake that triggered a tsunami along Japan's northeast coast caused limited damage.The benchmark Nikkei 225 index gained 0.31 percent, or 56.92 points, to end at 18,162.94, while the broader Topix index of all first-section issues rose 0.32 percent, or 4.57 points, to 1,447.50.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

Nikkei pauses after rally, earthquake impact seen limited TOKYO: Japanese stocks paused on Tuesday morning after a strong rally and as investors pondered the impact of a powerful earthquake that hit northern Japan.Before the Tokyo market opened, Nikkei futures traded in the United States briefly slipped after the quake, which also triggered a tsunami.There were no reports of deaths or serious injuries several hours after the quake hit at 5:59 a.m. (2059 GMT Monday), and the Nikkei was flat at 18,101.72 as at ...