12052016Mon
Last update: Mon, 05 Dec 2016 07pm

Markets - Equity

Markets - Equity - Asia

Asian markets struggle but weak yen boosts Tokyo HONG KONG: Japanese stocks extended their recent rally Monday as the dollar consolidated gains against the yen, with investors betting on a US interest rate rise next month.However, other markets continued to struggle due to uncertainty over the impact of a Donald Trump presidency.The greenback has soared to near six-month highs against the yen since Trump's election win on a platform of huge infrastructure spending and tax cuts. Experts say this will fan inflation and force the Federal Reserve to raise rates.The dollar's rise has been a boon for Japan's exporters as it makes their goods cheaper overseas and boosts repatriated profits.The dollar hit 111.12 yen at one point in Japan, levels not seen since the end of May, while the Nikkei stock index climbed 0.8 percent to its highest level since January."The trend for yen weakness will continue amid a very violent and volatile market next year," said Shusuke ...


Markets - Equity - Asia

Asia shares shaky as Trump bets keep emerging markets under pressure TOKYO: Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump's election to president could accelerate fund outflows from the region back to U.S. markets.Asian markets were steady to slightly lower, with Hong Kong's Hang Seng flat, Australian shares down 0.2 percent and South Korea's Kospi falling 0.3 percent.But Japan's yen-sensitive Nikkei bucked the trend, rising 0.8 percent to ...

Markets - Equity - Asia

Hong Kong stocks end slightly higher HONG KONG: Hong Kong stocks closed another volatile day with a small gain Monday as investors brushed off a sell-off on Wall Street, although worries persist about the outlook under a Donald Trump presidency.The Hang Seng index added 0.06 percent, or 13.57 points, to close at 22,357.78. The benchmark Shanghai Composite Index rose 0.79 percent or 25.29 points, to end at 3,218.15. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.36 ...

Markets - Equity - Asia

Tokyo stocks at 10-month high on weaker yen TOKYO: Tokyo stocks rose to a 10-month high on Monday as the dollar soared against the yen on expectations the Federal Reserve will raise interest rates next month.The dollar broke above 111 yen for the first time in nearly six months as traders bet on a December rate rise and on further increases over the next year, to counter an expected surge in US spending and tax cuts under President Donald Trump.The weaker yen is ...

Markets - Equity - Asia

Asian markets struggle but weak yen lifts Tokyo again HONG KONG: Japanese stocks extended their recent rally Monday as the dollar consolidated its gains against the yen with investors betting on a US interest rate hike next month.However, other markets continued to struggle with uncertainty over the impact of a Trump presidency.The greenback has soared to five-month highs against the yen since Donald Trump's election win on a platform of huge infrastructure spending and tax cuts that experts say will fan inflation and force ...

Markets - Equity - Asia

Tokyo stocks up on weaker yen by break TOKYO: Tokyo stocks rose Monday morning to a 10-month high as the dollar soared against the yen on expectations the Federal Reserve will hike interest rates next month.The dollar broke above 111 yen for the first time since June as traders bet on a rate hike next month and further increases over the next year to counter an expected surge in US spending and tax cuts under a President Donald Trump.The weaker yen has proved ...

Markets - Equity - Asia

Hong Kong stocks up by break HONG KONG: Hong Kong stocks ended the morning on a high Monday, reversing early losses as bargain-buyers moved in after last week's sell-off.The Hang Seng index added 0.26 percent, or 57.46 points, to 22401.67 by the break.The benchmark Shanghai Composite Index rose 0.86 percent, or 27.41 points, to 3,220.27, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.31 percent, or 6.63 points, to 2,117.91.Copyright AFP (Agence France-Presse), 2016