01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Asia

Markets - Equity - Asia

Tokyo's Nikkei ends volatile 2016 to mark highest close in two decades TOKYO: Tokyo's benchmark stock index ended a volatile 2016 on a down note Friday, but still hit the highest year-end close in two decades on optimism over the incoming US government.President-elect Donald Trump's surprise election victory last month has sparked a rally in global equity markets and pushed the dollar higher on expectations of big government spending and a rise in interest rates."Trump was a game changer," said Hisao Matsuura, chief strategist at Nomura Securities.Matsuura said that early this year investors had grown weary of accommodative central bank monetary policies while recognising that their effectiveness was waning."So the fiscal stimulus from the US, even if it's not happening now, is positive news," he said. "The market is changing from monetary to fiscal policies."Japan's benchmark Nikkei 225 index rose 0.42 percent in 2016 to close at 19,114.37, marking the fifth consecutive annual increase and highest year-end finish since 1996 when it ...

Markets - Equity - Asia

Tokyo down again as Asian markets end volatile year HONG KONG: Tokyo retreated again Friday despite Toshiba's shares ending their three-day free fall as Asian markets prepared to bring the curtain down on a volatile 2016. With Wall Street inching back further from breaching the historic 20,000 barrier, Japanese stocks fell for a second day, losing 0.6 percent to wipe out all gains for 2016 with the Nikkei on course to finish the year broadly flat.But shares in troubled Toshiba rose following a bloodletting ...

Markets - Equity - Asia

Tokyo slumps as yen strengthens, Toshiba plunges again HONG KONG: Tokyo slumped Thursday as the yen strengthened against the dollar while Toshiba's stock plunged for the third straight day.The troubled conglomerate's shares ended another torrid day 17 percent down, following the company's warning of a possible one-time loss of several billion dollars over its US nuclear business.Its stock has now lost more than 40 percent of their value since Tuesday and has seen virtually all gains for the year erased.Overall, Japanese stocks saw ...

Markets - Equity - Asia

Tokyo shares fall by noon TOKYO: Tokyo shares drifted lower on Thursday in thin holiday trading after US stocks tumbled as investors took profits from recent rallies, though some individual stocks showed big moves.Toshiba plunged for the third straight day and fell as much as 25.55 percent before paring losses to finish 15.43 percent down at 263.5 yen by the noon break.The decline followed continuing investor unease after the company's Tuesday warning of a possible one-time loss of several billion ...

Markets - Equity - Asia

Shanghai up, Hong Kong stocks flat by break HONG KONG: Shanghai recovered from early losses Thursday to post a modest gain by the break while Hong Kong ended the morning session virtually flat, with volumes low ahead of the New Year.The Hang Seng Index was down by 0.1 percent, or 21.48 points, to 21,733.26. But the benchmark Shanghai Composite Index added 0.22 percent, or 6.90 points, to 3,109.14, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.29 percent, ...

Markets - Equity - Asia

Hong Kong stocks rise, Shanghai stumbles again HONG KONG: Hong Kong stocks rose Thursday but Shanghai shares slid again as mainland regulators suspended two insurance companies' online businesses.The Hang Seng Index gained 0.83 percent, or 179.98 points, to close at 21,754.74.The benchmark Shanghai Composite Index slid 0.40 percent, or 12.42 points, to 3,102.24 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.37 percent, or 7.38 points, to 1,972.35. Copyright AFP (Agence France-Press), 2016 ...

Markets - Equity - Asia

Toshiba shares fall 20pc after it flags one-off loss TOKYO: Toshiba shares dived more than 20 percent Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business.The stock price dropped by 20.42 percent to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening bell, as the company failed to ease investor worries over the potential risk. It finished the session at ...