06292016Wed
Last update: Wed, 29 Jun 2016 07pm

Asia

Markets - Equity - Asia

Sri Lankan rupee forwards rise on bank dollar sales  COLOMBO: Sri Lankan rupee forwards ended firmer on Wednesday as a private bank and some exporters sold dollars, and foreign investors bought the local currency to buy bonds.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.60/80 per dollar, compared with Tuesday's close of 147.80/148.00."A private bank sold dollars aggressively in the market. We don't know if it was selling on behalf of the central bank," said a currency dealer requesting not to be named.Officials from the central bank were not available for comments.Dealers said the three-day dollar/rupee forwards, known as spot next, ended at 146.50/70 per dollar, compared with Tuesday's close of 147.65/85.Spot next, which has acted as proxy for the spot currency since January, indicates the exchange rate for the day following conventional spot settlement.For Wednesday's trade, the spot next settlement takes place five days ahead due to the intervening weekend.Copyright ...

Markets - Equity - Asia

Asia markets build on gains as stimulus talk swirls HONG KONG: Asian markets rose again Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain's shock vote to leave the European Union.After Friday's battering, regional investors have this week led a return to global equities and higher-yielding currencies.However, analysts warned there would likely be a period of volatility as Britain and its EU partners try to hammer out an exit agreement.Wednesday's gains built on the previous day's advance after ...

Markets - Equity - Asia

Hong Kong, Shanghai shares end sharply higher HONG KONG: Hong Kong stocks climbed Wednesday, in line with a global rally, on hopes the turmoil sparked by Britain's shock decision to leave the EU would lead to fresh stimulus by major central banks.The Hang Seng Index rose 1.31 percent, or 263.66 points, to close at 20,436.12.And the benchmark Shanghai Composite Index rose 0.65 percent, or 19.03 points, to 2,931.59 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.15 ...

Markets - Equity - Asia

Asia markets build on gains as stimulus talk swirls HONG KONG: Asian markets rose again Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain's shock vote to leave the European Union.After Friday's battering, regional investors have this week led a return to global equities and higher-yielding currencies.However, analysts warned there would likely be a period of volatility as Britain and its EU partners try to hammer out an exit agreement.Wednesday's gains built on the previous day's advance after ...

Markets - Equity - Asia

China stocks end up as authorities seek to calm Brexit fears SHANGHAI: China stocks tracked global markets higher to a three-week closing high on Wednesday as authorities sought to calm anxiety over potential shifts in Beijing's currency policy following last week's Brexit vote. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent, to 3,151.39, while the Shanghai Composite Index gained 0.7 percent, to 2,931.59 points.In an apparent effort to ease fears of rapid yuan depreciation, China's two main official securities ...

Markets - Equity - Asia

Hong Kong stocks end morning higher on stimulus hopes HONG KONG: Shares rallied in Hong Kong Wednesday morning on hopes world leaders will unveil monetary policy easing measures to temper the negative effects of Britain's shock decision to leave the European Union.The Hang Seng Index added 0.71 percent, or 144.11 points, to 20,316.57 by the break.The benchmark Shanghai Composite Index gained 0.48 percent, or 13.90 points, to 2,926.46 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.05 percent, ...

Markets - Equity - Asia

Tokyo shares close higher on Brexit stimulus hopes TOKYO: Tokyo shares ended higher Wednesday on hopes for official Japanese measures to stem the effects of Britain's decision to leave the European Union.The benchmark Nikkei 225 index rose 1.59 percent, or 243.69 points, to 15,566.83, while the broader Topix index of all first-section shares gained 1.88 percent, or 23.07 points, to 1,247.69.Copyright AFP (Agence France-Presse), 2016 ...