02092016Tue
Last update: Tue, 09 Feb 2016 08pm

Asia

Markets - Equity - Asia

Tokyo stocks plunge more than 5pc in equity market bloodbath TOKYO: Tokyo shares plunged more than five percent Tuesday, extending a global equities bloodbath as a sharp rise in the yen hammered exporters and fears over the state of the global economy fuelled a rush to safe investments.The eye-watering fall -- the steepest in percentage terms since June 2013 -- came after US and European bourses tumbled, sparked by worries about the financial sector as global growth slows.Leading the losses in Tokyo were were Japan's biggest banks and major brokerage Nomura tanking, while top automaker Toyota plunged more than six percent.The benchmark Nikkei 225 index dropped 5.40 percent, or 918.86 points, to close at 16,085.44 and the Topix index of all first-section shares dived 5.51 percent, or 76.08 points, to 1,304.33.Underscoring the panic, the dollar slipped below 115 yen, hovering around its lowest levels since late 2014. It fetched 114.73 yen in the afternoon.Investors tend to buy the Japanese unit ...

Markets - Equity - Asia

Tokyo stocks plunge more than 5pc in equity market bloodbath TOKYO: Tokyo shares plunged more than five percent Tuesday, deepening an equities market bloodbath as a sharp rise in the yen hammered exporters and sentiment took a battering over fears of a global economic slowdown.The benchmark Nikkei 225 at the Tokyo Stock Exchange dropped 5.40 percent, or 918.86 points, to close at 16,085.44, while the Topix index of all first-section shares dived 5.51 percent, or 76.08 points, to 1,304.33.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks slump more than 5pc in afternoon trade TOKYO: Tokyo shares tumbled more than five percent Tuesday, extending a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown.Financial markets in Europe and on Wall Street took another hammering on Monday, with the latest round of losses sparked by worries about the financial sector as the global economy slows down, without the support of the Federal Reserve's easy money policies.The rout spread ...

Markets - Equity - Asia

Asian stocks extend global rout as traders flee to safety TOKYO: Tokyo stocks led a rout across Asian markets Tuesday, while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped as fears about the global economy sent investors scrambling to safety.While most the the region is closed for the Chinese New Year holiday, trading remained thin but dealers took their lead from New York and Europe where banking shares were battered.The sell-off is the latest this year, which has ...

Markets - Equity - Asia

Indian shares edge up; metal, bank stocks in focus MUMBAI: Indian shares trade flat on Monday as metal firms such as Tata Steel and lenders rallied after the country set minimum import prices for steel products to help a heavily indebted sector struggling to compete against shipments from abroad. India set the floor prices for imports on Friday, the first time it has taken such a step in over 15 years, to deter countries such as China from undercutting local mills.The measures also lifted ...

Markets - Equity - Asia

Tokyo stocks rise as weaker yen buoys market TOKYO: Tokyo stocks cast off early losses to finish higher Monday, buoyed by a weaker yen and upbeat economic data.The Japanese market sank one percent after the opening bell, tracking a fall on Wall Street as relatively strong US jobs data sparked speculation that the Federal Reserve could decide to raise rates again as soon as March.But the weakening of the yen -- a plus for exporters' profitability -- pushed markets higher, with the benchmark ...

Markets - Equity - Asia

Japan boosted as dollar strengthens, oil rises HONG KONG: Japanese stocks rallied as the dollar strengthened in holiday-thinned trade Monday, with most markets across Asia closed for the Lunar New Year holiday.A report Friday, showing that the US jobless rate had fallen to an eight-year low and wage growth had picked up, fuelled speculation of another US interest rate rise next month despite the recent chaos on global stock exchanges.Crude climbed almost one percent after major exporter Saudi Arabia said its oil ...