Friday, 24 May 2013 14:51
Posted by Shoaib-ur-Rehman Siddiqui
JAKARTA: Indonesian and Vietnamese shares rebounded from their previous session's steep falls, while most Southeast Asian markets were closed on Friday for a local holiday.Jakarta's Composite Index rose 0.66 percent to 5,155.09, boosted by a 2 percent jump in property shares.Vietnam's broader benchmark index closed up 0.4 percent as institutional investors bought shares of real estate and building materials companies on expectation of a boost to the economy, and on lower inflation numbers.The Philippine index closed 0.62 percent lower at 7,268.91. The Philippines' imports in March fell for a third straight month with the pace of decline accelerating since February, raising concerns that growth may slow for the export-reliant economy.Thailand, Singapore and Malaysian stock markets were closed on Friday and will reopen on Monday. Copyright Reuters, 2013 ...
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JAKARTA: Indonesian and Vietnamese shares rebounded from their previous session's steep falls, while most Southeast Asian markets were closed on Friday for a local holiday.Jakarta's Composite Index rose 0.66 percent to 5,155.09, boosted by a 2 percent jump in property shares.Vietnam's broader benchmark index closed up 0.4 percent as institutional investors bought shares of real estate and building materials companies on expectation of a boost to the economy, and on lower inflation numbers.The Philippine index closed 0.62 percent lower at 7,268.91. The Philippines' imports in March fell for a third straight month with the pace of decline accelerating since February, raising concerns that growth may slow for the export-reliant economy.Thailand, Singapore and Malaysian stock markets were closed on Friday and will reopen on Monday. Copyright Reuters, 2013 ...
HONG KONG: Asian markets were mixed Friday in rollercoaster trade after routs sparked in part by fears of tighter US monetary policy, with Tokyo ending higher a day after suffering its worst drop since the March 2011 quake-tsunami disaster.Regional markets swung wildly after falling Thursday on weak Chinese data and indications from US Federal Reserve chief Ben Bernanke that the Fed could start reducing its $85 billion-a-month bond-buying programme at one of the next few ...
HONG KONG: Hong Kong stocks closed down 0.23 percent Friday in volatile trade a day after heavy losses sparked by weak Chinese data and signs the US could soon scale back massive stimulus measures.The benchmark Hang Seng Index lost 51.01 points to 22,618.67 on turnover of HK$53.83 billion ($6.93 billion).Chinese shares closed up 0.57 percent on hopes for government measures to revive the economy, dealers said.The benchmark Shanghai Composite Index rose 12.86 points to 2,288.53 ...
MUMBAI: Shares of Indian pharmaceuticals firm Wockhardt plunged nearly 19 percent Friday, a day after it said the US drugs regulator had banned imports from one of its manufacturing units over quality concerns.Wockhardt shares fell as far as 18.9 percent to 1,066 rupees ($19) -- a near nine-month-low -- at the Bombay Stock Exchange.Its shares initially fell by 20.1 percent Thursday after the firm said it feared a loss of $100 million in annual revenues ...
TOKYO: Tokyo shares closed 0.89 percent higher Friday in a rollercoaster session that came a day after the Nikkei suffered its worst one-day drop since Japan's March 2011 quake-tsunami disaster.The benchmark Nikkei 225 index, which on Thursday tumbled 7.3 percent, finished 0.89 percent, or 128.47 points, higher at 14,612.45, while the broader Topix index of all first-section shares rose 0.48 percent, or 5.74 points, to 1,194.08.Copyright AFP (Agence France-Presse), 2013 ...
SEOUL: Seoul shares edged up on Friday helped by auto and banking stocks, regaining some of the ground lost a day earlier on weak Chinese manufacturing data and concerns about less monetary stimulus in the United States.But rises were capped amid a lack of positive factors and as investors still remained concerned about economic growth, particularly in China, said Kim Soon-young, a market analyst at IBK Securities.Kim added, however, that foreign investors were seen steadily ...
TOKYO: Tokyo stocks surged Friday morning, staging a rebound from the previous day's plunge, the worst one-day drop for the benchmark Nikkei index since Japan's March 2011 quake-tsunami disaster.The Nikkei, which on Thursday tumbled 7.3 percent, was up 2.65 percent, or 383.92 points, at 14,867.90 by the break after jumping more than three percent in the first few minutes of trading.The broader Topix index of all first-section shares was up 2.52 percent, or 29.90 points, ...
