06282016Tue
Last update: Tue, 28 Jun 2016 01am

Asia

Markets - Equity - Asia

Tokyo stocks rebound after Brexit sell-off TOKYO: Tokyo stocks rebounded Monday from a rout that wiped more than $2 trillion off global financial markets in response to Britain's shock vote to quit the European Union.But analysts warned that the pain may not be over on financial markets as the referendum result leaves a trail of unanswered questions about the impact of the decision to leave the 28-member bloc.London has yet to clearly outline its next steps, while European leaders embarked on a flurry of diplomacy to plan the way forward.Some are pushing for a quickie divorce amid fears Britain's vote to leave will create a domino effect in eurosceptic member states.British Prime Minister David Cameron has said he will resign by October and leave the negotiations to his successor."It's hard to say that the market has fully digested (the vote) since there is still uncertainty over who will be in charge of talks over the EU ...

Markets - Equity - Asia

Hong Kong stocks plunge 2.92pc after Britain opts out of EU HONG KONG: Hong Kong stocks plunged on Friday, tracking a collapse across world markets, after Britain voted to leave the European Union, fuelling fears of a global rout.The Hang Seng Index dived 2.92 percent, or 609.21 points, to close at 20,259.13.And the benchmark Shanghai Composite Index fell 1.30 percent, or 37.67 points, to 2854.29 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.76 percent, or 14.61 points, to 1900.60.Copyright AFP ...

Markets - Equity - Asia

Hong Kong stocks plunge more than 5pc after Brexit vote HONG KONG: Hong Kong stocks plunged more than five percent on Friday afternoon after Britain voted to leave the EU, sparking a rout across Asian equity and currency markets.The Hang Seng Index shed 5.11 percent, or 1,067.34 points, to 19,801.00 in the afternoon.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Pound, Asia markets collapse as Britain quits EU HONG KONG: The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets Friday as Britain voted to leave the European Union, fuelling a wave of global uncertainty.Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback itself slumped below 100 yen for the first time in two-and-a-half years as traders fled to safety.In the weeks leading up to Thursday's historic vote, ...

Markets - Equity - Asia

Tokyo's Nikkei plunges almost 8pc in Brexit bloodbath TOKYO: Tokyo's benchmark stock index nosedived almost eight percent Friday as Britain's decision to leave the European Union sparked a market bloodbath.The Nikkei 225 plunged 7.92 percent, or 1,286.33 points, to 14,952.02 in its biggest one-day plunge since Japan's 2011 quake-tsunami disaster.The broader Topix index of all first-section shares dived 7.26 percent, or 94.23 points, to 1,204.48 by the close.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Sri Lankan shares hit 2 month closing low ahead of cbank rates decision COLOMBO: Sri Lankan shares fell for a fourth straight session to hit a two-month closing low on Thursday as investors turned cautious ahead of a rate announcement by the central bank. The central bank will announce June monetary policy rates at 1230 GMT on Friday and the market broadly expects rates to be left steady for a fourth straight month, although a possible rate hike is not ruled out. A decision by Moody's to revise ...

Markets - Equity - Asia

Sri Lankan shares hit 2-month closing low ahead of central bank rates decision COLOMBO: Sri Lankan shares fell for a fourth straight session to hit a two-month closing low on Thursday as investors turned cautious ahead of a rate announcement by the central bank.The central bank will announce June monetary policy rates at 1230 GMT on Friday and the market broadly expects rates to be left steady for a fourth straight month, although a possible rate hike is not ruled out.A decision by Moody's to revise downwards Sri ...