08252016Thu
Last update: Thu, 25 Aug 2016 11am

Asia

Markets - Equity - Asia

Sri Lankan stocks slip from over 3-month closing high on month-end settlements COLOMBO: Sri Lankan shares ended weaker on Wednesday, slipping from their highest close in more than three-months posted in the previous session, due to month-end settlements, brokers said.Analysts said turnover was higher on expectations of better economic performance after the government said it would achieve its revenue target for this year.Sri Lanka's tax revenue in the first seven months jumped 23 percent to 769.8 billion rupees from a year earlier, and Finance Minister Ravi Karunanayake is optimistic about the full-year revenue target, his ministry said on Monday.Turnover stood at 1.32 billion rupees ($9.08 million), well above this year's daily average of around 753.8 million rupees.The benchmark Colombo stock index ended 0.23 percent down at 6,588.30, slipping from its highest close since May 20 hit on Tuesday."The confidence is returning to the market. We can see that from the turnover levels, but we think the correction will last for another one ...

Markets - Equity - Asia

Hong Kong stocks end sharply lower HONG KONG: Hong Kong stocks tumbled Wednesday as energy firms were again hit by falling oil prices while profit-takers moved in following a recent rally.The Hang Seng Index lost 0.77 percent, or 178.15 points, to close at 22,820.78.The benchmark Shanghai Composite Index shed 0.12 percent, or 3.83 points, to 3,085.88 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.31 percent, or 6.23 points, to 2,030.28 on turnover of 280.7 billion ...

Markets - Equity - Asia

China stocks decline as hopes for policy easing fade BEIJING: China stocks slipped on Wednesday, pulled down by financial shares amid receding expectations of aggressive monetary easing, while property shares also declined. The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.4 percent, to 3,329.86 points. The Shanghai Composite Index lost 0.1 percent, to 3,085.88 points.China's central bank on Wednesday injected cash into money markets through 14-day reverse repurchase agreements for the first time since February, and traders ...

Markets - Equity - Asia

Hong Kong stocks end morning in the red HONG KONG: Hong Kong stocks sank in the morning session Wednesday, with profit-takers moving in after recent gains, while energy firms again were dragged down by falling oil prices.The Hang Seng Index dropped 0.65 percent, or 150.55 points, to 22,848.38.The benchmark Shanghai Composite Index was flat, edging down 0.83 points to 3,088.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.40 percent, or 8.14 points, to 2,032.19.Copyright AFP (Agence France-Presse), ...

Markets - Equity - Asia

Automakers lead Tokyo stocks higher by close TOKYO: Tokyo stocks finished higher Wednesday with the market led by strong gains among automakers including Toyota and rival Nissan.Investors are now awaiting a speech by US central bank boss Janet Yellen at the Jackson Hole symposium of global central bankers Friday, hoping she will shine some more light on the direction of US monetary policy.The market won some support from forex trading, where the dollar rose to 100.38 yen from 100.23 yen Tuesday in ...

Markets - Equity - Asia

Sri Lankan stocks post 3-month closing high in high turnover COLOMBO: Sri Lankan shares ended marginally higher on Tuesday and posted their highest close in three months, led by financials while turnover hit a 4-1/2-month high on expectations of better economic performance after the government said it would achieve its revenue target for this year.Tax revenue in the first seven months jumped 23 percent to 769.8 billion rupees from a year earlier, and Finance Minister Ravi Karunanayake is optimistic about the full-year revenue target, his ...

Markets - Equity - Asia

Hong Kong shares end flat as oil sell-off hits energy plays HONG KONG: Hong Kong stocks ended flat on Tuesday after spending all day in negative territory, with energy firms again dragging the market down following another heavy sell-off in the oil market.The Hang Seng Index edged up 1.02 points to close at 22,998.93.The benchmark Shanghai Composite Index added 0.16 percent, or 4.90 points, to end at 3,089.71. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.27 percent, or 5.39 points, to ...