04292016Fri
Last update: Fri, 29 Apr 2016 10pm

Asia

Markets - Equity - Asia

SE Asia Stocks-Mostly down; banking stocks drag Singapore lower JAKARTA: Most Southeast Asian stock indexes fell on Friday amid weakness in global markets, with Singapore leading the losses, dragged by banking stocks on lower earnings, and Indonesian shares declining on selling by foreign investors.Singapore's Straits Times Index fell 0.8 percent, concluding the week with a 3.5 percent loss, its worst weekly decline in more than three months.Three heavy-weight banking stocks pulled the Singapore index lower, with Oversea-Chinese Banking Corp Ltd falling 1.46 percent after its March quarter earnings missed analysts' forecast.Shares of rivals United Overseas Bank Ltd and DBS Group Holdings fell more than 1 percent each.Indonesia's main stock index closed 0.2 percent lower, dragged by market heavyweights PT Unilever Indonesia and PT Gudang Garam."So far, 30 companies under our coverage have reported their first-quarter financials with aggregate earnings growth being 1 percent year-on-year which was quite disappointing, even though on a quarter-on-quarter the growth was still on an ...

Markets - Equity - Asia

Sri Lanka shares hit over 15-week closing high on IMF loan COLOMBO: Sri Lankan shares closed more than 1 percent up on Friday, trading in high volumes after the International Monetary Fund said it had reached a staff-level agreement with the island nation for a $1.5 billion three-year loan. Investors were also buoyed by positive sentiment after the central bank left rates steady earlier this week. The benchmark stock index ended up 1.14 percent, or 73.73 points, higher at 6,516.26, its highest close since Jan. 13. ...

Markets - Equity - Asia

Hong Kong, Shanghai stocks end down on weak earnings, US growth HONG KONG: Stocks tumbled in Hong Kong and Shanghai Friday following data showing slower-than-expected growth in the US economy and disappointing earning from two mainland Chinese energy giants.The Hang Seng Index in Hong Kong fell 1.50 percent, or 320.98 points, to 21,067.05.And the benchmark Shanghai Composite Index slipped 0.25 percent, or 7.27 points, to 2,938.32 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.02 percent, or 0.32 points, to ...

Markets - Equity - Asia

Indian shares fall after BoJ decision, derivatives expiry MUMBAI: Indian shares fell more than 1 percent on Thursday to post their biggest daily decline in 3-1/2 weeks after the Bank of Japan unexpectedly chose not to expand its monetary stimulus and due to caution ahead of the expiry of April derivative contracts. The broader NSE index fell 1.66 percent to 7,847.25 points. The benchmark BSE index lost 1.77 percent to 25,603.10 points. Both indexes posted their biggest daily percentage falls since April 5, ...

Markets - Equity - Asia

SE Asia Stocks-Mostly down as investors focus on corporate results JAKARTA: Most Southeast Asian stock markets ended lower on Thursday after the US Federal Reserve left interest rates unchanged, while investors keenly watched corporate earnings results.The Malaysian share index led the regional decline with a 1 percent loss, dragged by shares of power company Tenaga Nasional Bhd, down 1.4 percent, and of cigarette firm British American Tobacco Bhd, that fell 8.5 percent.Tenaga posted a 39 percent fall in quarterly earnings on Wednesday, while British American ...

Markets - Equity - Asia

Sri Lanka shares end higher led by large-caps COLOMBO: Sri Lankan shares rose for a third straight session on Thursday led by large-caps on positive sentiment after the central bank left rates steady earlier this week.However, analysts said investors were cautious and awaited the outcome of a loan deal with the International Monetary Fund.The benchmark stock index ended up 0.13 percent at 6,442.53, its highest close since Jan. 14. "It looks like new phase of wind blowing through the market.The negativity is fading ...

Markets - Equity - Asia

Hong Kong stocks end higher on Fed outlook HONG KONG: Hong Kong stocks edged up Thursday after the Federal Reserve gave an optimistic outlook of the world economy, but gains were tempered by disappointment at Japan's refusal to beef up its stimulus.The Hang Seng Index in Hong Kong added 0.12 percent, or 26.43 points, to 21,388.03.The benchmark Shanghai Composite Index fell 0.27 percent, or 8.08 points, to 2,945.59 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.12 percent, ...