05282016Sat
Last update: Sat, 28 May 2016 05am

Asia

Markets - Equity - Asia

Sri Lankan shares close at 3-week low on flood woes COLOMBO: Sri Lankan shares fell for the third straight session on Tuesday to a 3-week closing low, led down by large caps and stocks likely to be hit by the country's worst natural disaster since the 2004 Asia tsunami.The benchmark stock index fell 0.95 percent, or 62.69 points, to 6,570.58, its lowest close since May 4.The index fell 1.12 percent last week, its first weekly fall in seven weeks.On Monday, the government said the cost of landslides and floods will be between $1.5 billion and $2 billion at the minimum, as it struggles to recover from days of torrential rains that have so far claimed the lives of 94 people."Flood situation was the main reason for the drag down. People have started to realise the real impact and going forward more negativity should come into the market," said Yohan Samarakkody, head of research, SC Securities (Pvt) Ltd.Lion Brewery Plc dropped ...

Markets - Equity - Asia

Shanghai stocks end down, Hong Kong slightly up HONG KONG: Shanghai stocks ended lower Tuesday in line with most other Asian markets but Hong Kong bucked the trend to close higher. The benchmark Shanghai Composite Index fell 0.77 percent, or 21.98 points, to 2,821.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.90 percent, or 16.39 points, to 1,804.60.Hong Kong's Hang Seng Index rose 0.11 percent, or 21.4 points, to 19,830.43.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong shares close up HONG KONG: Hong Kong shares finished up on Tuesday despite a fall in mainland indexes. The Hang Seng index rose 0.1 percent, to 19,830.43, while the China Enterprises Index was flat at 8,306.56 points.Total trading volume of companies included in the HSI index was 1.2 billion shares.Copyright Reuters, 2016 ...

Markets - Equity - Asia

Vietnam index ends up 0.1pc in volatile trade HANOI: Vietnam's benchmark VN Index edged up 0.1 percent in a volatile session on Tuesday, snapping a four-day losing streak.Food producer Masan Group rallied 2.16 percent, followed by lender VietinBank with a 1.17 percent rise while top dairy products maker Vinamilk dropped 0.68 percent.As many as 115.6 million shares changed hands, well below the five-day average of 126.2 million, Reuters data showed.Copyright Reuters, 2016 ...

Markets - Equity - Asia

Hong Kong and Shanghai stocks lower at break HONG KONG: Hong Kong and Shanghai stocks were down by the break Tuesday following a negative lead from Wall Street and Europe, while energy shares suffered losses as oil prices also fell. The Hang Seng Index was down 0.35 percent, or 69.15 points, at 19,739.88.The benchmark Shanghai Composite Index fell 0.77 percent, or 21.86 points, to 2,821.79 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.85 percent, or 15.44 points, ...

Markets - Equity - Asia

Tokyo shares continue slide on weaker oil, stronger yen TOKYO: Tokyo shares slipped for a second straight session Tuesday as lower oil prices hurt sentiment, with investors now eyeing a Group of Seven leaders' summit in Japan this week.On currency markets, the Japanese yen edged up against the dollar, clouding the outlook for exporter profits.The yen's stubborn strength comes after G7 finance chiefs on the weekend pressed Tokyo over threats to weaken its currency.The mood was also subdued as worries about a possible increase ...

Markets - Equity - Asia

Vietnam stock index ends down in volatile trade; banks lead fall HANOI: Vietnam's benchmark VN Index closed down 0.61 percent for a fourth straight session of losses on Monday, with banking stocks leading the decliners in a volatile trade.The country's five of six listed lenders headed south, including Vietcombank, Vietnam's second biggest firm by market value, which dropped 2.74 percent, followed by VietinBank that slipped 2.29 percent.As many as 99.9 million shares changed hand, far below the five-day average of 128.5 million, Reuters data showed.Copyright Reuters, ...