07302016Sat
Last update: Sat, 30 Jul 2016 06pm

Asia

Markets - Equity - Asia

China stocks post worst day in 6 weeks on crackdown fears SHANGHAI: China stocks closed sharply lower on Wednesday, with major indexes posting their worst daily performance in six weeks, as investors sold off on worries that regulatory changes are coming. The selloff was led by small caps, with the Chinext Growth Index, which mostly tracks smaller tech firms in Shenzhen, correcting nearly 6 percent, but blue chip financials also fell, as did a few clusters of hot concept stocks such as technology shares and carbon-related shares that had seen sharp runups in recent days.The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.6 percent to 3,218.24 points, while the Shanghai Composite Index lost 1.9 percent to 2,991.12. Both were down over 3 percent at one point in mid-afternoon trade.Analysts pointed to a meeting in Beijing on Tuesday in which officials warned of asset bubbles - without being more specific - and unconfirmed media reports that regulators ...

Markets - Equity - Asia

Tokyo stocks end higher on massive Japan stimulus TOKYO: Tokyo stocks ended higher Wednesday after Japanese Prime Minister Shinzo Abe said his government will launch a whopping 28 trillion yen ($266 billion) economic stimulus package to shore up the faltering economy.The benchmark Nikkei 225 index rose 1.72 percent, or 281.78 points, to close at 16,664.82, while the broader Topix index of all first-section shares gained 1.13 percent, or 14.73 points, to 1,321.67.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong stocks open higher, dealers look to Fed HONG KONG: Hong Kong stocks climbed in the first few minutes of trade Wednesday ahead of the conclusion of the Federal Reserve's latest policy meeting, with investors hoping for fresh insight into the state of the US economy.The Hang Seng Index added 0.29 percent, or 63.58 points, to 22,193.31.And in Shanghai the benchmark composite Index was flat, edging up 0.20 points to 3,050.37, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, ...

Markets - Equity - Asia

Tokyo stocks jump on massive stimulus report TOKYO: Tokyo stocks surged Wednesday afternoon on a report that Japan's government will unveil a massive 27 trillion yen ($255 billion) stimulus package to shore up the faltering economy.The benchmark Nikkei 225 index jumped 2.68 percent, or 438.39 points, to 16,821.43 when afternoon trading resumed, as the report by Fuji Television sent the yen into a brief dive, which supports exporters. It had been up 1.39 percent going into the break.The dollar briefly jumped to ...

Markets - Equity - Asia

Shanghai stocks tumble by break HONG KONG: Shanghai stocks sank Wednesday morning as traders took profits from a recent rally, while Hong Kong also dipped as a much-anticipated Federal Reserve policy meeting wraps up later in the day.The benchmark Shanghai Composite Index fell 1.62 percent, or 49.38 points, to 3,000.79, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.03 percent, or 61.92 points, to 1,983.04.The Hang Seng Index slipped 0.14 percent, or 31.28 points, to ...

Markets - Equity - Asia

Sri Lankan shares hit two-week closing low; turnover down COLOMBO: Sri Lankan shares closed at their lowest in two weeks on Tuesday as investors sold blue-chips such as John Keells Holdings Plc even as the market awaited directions on the country's economic policy.The benchmark Colombo stock index ended down 0.14 percent at 6,387.85, its lowest since July 11."Market is down on retail trading in thin trade as the bigger players are waiting to see the prime minister's policy statement, while they also await directions ...

Markets - Equity - Asia

Hong Kong shares end up as casino plays surge HONG KONG: Hong Kong stocks rallied Tuesday thanks to a surge in casino shares, while investors await key central bank meetings in the United States and Japan.The Hang Seng Index rose 0.62 percent, or 136.29 points, to end at 22,129.73.The benchmark Shanghai Composite Index advanced 1.14 percent, or 34.34 points, to 3,050.17. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.25 percent, or 25.15 points, to 2,044.96.Copyright AFP (Agence France-Presse), 2016 ...