09262016Mon
Last update: Mon, 26 Sep 2016 08pm

Asia

Markets - Equity - Asia

China stocks rise, led by property shares, after Fed leaves rates unchanged SHANGHAI: China stocks posted solid gains on Thursday as the Federal Reserve's decision to keep U.S. interest rates unchanged eased investor anxiety.The rally came after robust overnight gains on Wall Street, and followed a week of extremely low volatility in mainland stocks."Volatility had been very low recently because investors dared not make big bets ahead of the Fed rate decision, for fear of nasty surprises," said Wu Kan, head of equity trading at investment firm Shanshan Finance."Now, the uncertainty has been removed."The blue-chip CSI300 index rose 0.7 percent, to 3,291.12, while the Shanghai Composite Index gained 0.5 percent to 3,042.31 points.All main sectors rose, with listed developers leading the charge. An index tracking the sector jumped nearly 5 percent, aided by renewed strength in bellwether Vanke .Interest in the sector was kindled by news that Hong Kong-listed developer Sunac China Holdings plans to buy 17 percent of Jinke Property, pushing ...

Markets - Equity - Asia

China, Hong Kong stocks rise as Fed rate decision ends uncertainty SHANGHAI: China and Hong Kong stocks rose sharply on Thursday, pacing gains in Asian markets, as the Federal Reserve's decision to keep interest rates unchanged eased investor anxiety.The rally also came after robust overnight gains on Wall Street, and followed a week of extremely low volatility in mainland stocks."Volatility had been very low recently because investors dared not make big bets ahead of the Fed rate decision, for fear of nasty surprises," said Wu Kan, ...

Markets - Equity - Asia

Asian shares soar, dollar falters on slow-motion Fed SINGAPORE/SYDNEY: Asian shares rallied on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, knocking the dollar and lifting commodity prices.European markets are likely to follow suit, with financial spreadbetters predicting Britain's FTSE 100 will open up as much as 0.6 percent, and Germany's DAX and France's CAC 40 will start the day about 0.8 percent higher.MSCI's broadest index of Asia-Pacific ...

Markets - Equity - Asia

Dollar sinks, Asian stocks rally after Fed holds rates HONG KONG: The dollar came under fresh pressure in Asia on Thursday after the Federal Reserve decided against lifting interest rates but the prospect of cheap cash for longer fed another rally in regional equity markets.At the end of one of its most anticipated meetings for some time, the central bank's policymakers said the economy continued to improve and the argument for a rise was strengthening but more evidence of sustained progress was needed.However, while ...

Markets - Equity - Asia

Hong Kong stocks finish morning on a high HONG KONG: Hong Kong shares rallied more than one percent on Thursday morning as traders cheered the Federal Reserve's decision to keep interest rates unchanged.The Hang Seng Index added 1.14 percent, or 270.19 points, to 23,940.09 by the break.The benchmark Shanghai Composite Index added 0.75 percent, or 22.74 points, to 3,048.61, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.78 percent, or 15.57 points, to 2,021.17.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong, Shanghai stocks rise ahead of Fed meeting HONG KONG: Hong Kong and Shanghai stocks closed stronger Wednesday as the Bank of Japan's decision to overhaul monetary policy to kickstart inflation boosted confidence before the Fed winds up its own meeting later in the day.The Hang Seng Index in Hong Kong rose 0.59 percent, or 139.04 points, to close at 23,669.90.The benchmark Shanghai Composite Index rose 0.10 percent, or 2.87 points, to 3,025.87 and the Shenzhen Composite Index, which tracks stocks on China's ...

Markets - Equity - Asia

Tokyo stocks soar on central bank moves TOKYO: Tokyo stocks soared and bond yields recovered briefly Wednesday after the Bank of Japan overhauled its monetary policy in a renewed push to jumpstart inflation and get the economy back on track.Bank shares were the big winners, as investors embraced news the BoJ would not push interest rates deeper into negative territory -- a policy that has hurt commercial lenders' profits. "It seems there's domestic political pressure for the BoJ not to hurt the ...