Tuesday, 21 May 2013 12:42
Posted by Parvez Jabri
HONG KONG: Asian shares were mixed on Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.The dollar turned higher against the yen in Asia as investors waited for Fed chairman Ben Bernanke's testimony on the US economic outlook to Congress on Wednesday.Tokyo stocks rose 0.13 percent or 20.21 points to 15,381.02, Sydney fell 0.56 percent or 28.9 points to 5,180.1, and Seoul slipped 0.07 percent or 1.34 points to 1,981.09.Shanghai shares closed up 0.22 percent or 5.12 points to 2,305.11 while Hong Kong was down 0.50 percent by the break.Japanese stocks recouped early losses to close at their best finish since December 2007."Under the current bullish sentiment, buying on dips can easily emerge as long as the yen stays weak," said Katsuhiro Kondo, a broker at Tokai Tokyo Securities. "Today, we just saw that ...
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HONG KONG: Asian shares were mixed on Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.The dollar turned higher against the yen in Asia as investors waited for Fed chairman Ben Bernanke's testimony on the US economic outlook to Congress on Wednesday.Tokyo stocks rose 0.13 percent or 20.21 points to 15,381.02, Sydney fell 0.56 percent or 28.9 points to 5,180.1, and Seoul slipped 0.07 percent or 1.34 points to 1,981.09.Shanghai shares closed up 0.22 percent or 5.12 points to 2,305.11 while Hong Kong was down 0.50 percent by the break.Japanese stocks recouped early losses to close at their best finish since December 2007."Under the current bullish sentiment, buying on dips can easily emerge as long as the yen stays weak," said Katsuhiro Kondo, a broker at Tokai Tokyo Securities. "Today, we just saw that ...
SEOUL: South Korean shares pared opening gains and ended little changed on Tuesday, as the market faced resistance near the psychologically significant 2,000-point mark, and with selling by institutional investors and falls in technology stocks weighing.The Korea Composite Stock Price Index ended down 0.07 percent at 1,981.09 points. Copyright Reuters, 2013 ...
TOKYO: Tokyo stocks rose 0.13 percent on Tuesday, recouping early losses as the dollar turned higher against the yen.The benchmark Nikkei 225 index closed up 20.21 points to 15,381.02, its best close since December 2007, while the Topix index of all first-section issues gained 0.07 percent or 0.88 points to 1,270.39.Copyright AFP (Agence France-Presse), 2013 ...
SHANGHAI: Chinese shares were down slightly in early trading on Tuesday as investors took profits after the market rose nearly four percent since last week, dealers said.The benchmark Shanghai Composite Index fell 0.11 percent, or 2.52 points, to 2,297.47.Copyright AFP (Agence France-Presse), 2013 ...
HONG KONG: Hong Kong stocks were down 0.50 percent by the break on Tuesday after a dip on Wall Street ahead of the Federal Reserve chairman's testimony on the US economic outlook.The benchmark Hang Seng Index fell 117.49 points to 23,375.54 by the noon break on turnover of HK$40.36 billion ($5.20 billion).Fed chairman Ben Bernanke is due to give testimony to Congress on Wednesday.Copyright AFP (Agence France-Presse), 2013 ...
ABU DHABI: Abu Dhabi National Energy Company (TAQA) said on Monday it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier to foreigners holding its stock.Abu Dhabi newspaper The National said on Monday that TAQA was considering a dual listing on the London stock exchange and an opening up of its free-float of shares domestically to foreign investors.TAQA is 75 percent owned by ...
SEOUL: South Korean shares edged lower on Monday, with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions took profits on the sector."Although the market ended on a weaker note, the return of foreign investors comes as a positive sign. We will probably see stronger foreign money inflows as soon as the Vanguard-related share sale is over," said R.S. Rhoo, a market analyst at Hyundai Securities, adding that a ...
