12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - Equity - Asia

Tokyo's Nikkei index ends down on strong yen, oil dive TOKYO: Tokyo's benchmark stock index closed lower on Monday, snapping a seven-day winning streak with exporters hit by a stronger yen and energy firms tumbling on lower oil prices.The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna on Wednesday, with hopes it will codify a broad agreement struck in Algeria in September to cut production and protect prices.But crude rates tanked Friday on fears for the agreement as producers clash over its implementation, with Iran and Iraq pressing to be excluded and Russia suggesting it will only freeze output.News that Saudi Arabia, the kingpin of the OPEC cartel, had walked out of talks on Monday -- and suggested demand will pick up in 2017 -- has led to worries a settlement will not be reached before its twice-yearly meeting."Lately we're often seeing cases where the oil market's moves precede those in the equities market," Shoji Hirakawa, chief ...

Markets - Equity - Asia

Most Asia markets up but dollar slips against peers HONG KONG: Hong Kong led a gain in most Asian markets Monday after officials announced the start of a long-awaited link-up with Shenzhen, but the dollar retreated against most of its peers after its recent surge.Crude prices also saw fresh losses, after both main contracts slumped around four percent on Friday owing to disagreements over plans to cut output, with Iran and Iraq pressing to be excluded and Russia suggesting it will only freeze output.Officials ...

Markets - Equity - Asia

China blue-chip index set to rise for 6th session; Hong Kong up SHANGHAI: China's blue-chip CIS300 Index rose early on Monday, set for a sixth day of gains, with upbeat industrial profit data strengthening conviction the Chinese economy has bottomed out and making risk assets such as equities more attractive than bonds.Hong Kong shares also strengthened, touching a two-week high, as a pull-back in the surging U.S. dollar gave some relief to Asian shares, which had underperformed on worries about capital flight to high-yielding U.S. markets.Sentiment in ...

Markets - Equity - Asia

Dollar, US bond yields drop as oil tumbles on output cut doubts TOKYO: The dollar and US bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the US elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.Brent crude futures last traded at $47.13 per barrel , down slightly on the day, after having fallen by as much as 2.0 percent in early Asian trade, following on from a 3.6 ...

Markets - Equity - Asia

Oil prices fall further in Asia, yen gains hit Tokyo HONG KONG: Oil prices sank further in Asian trade Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge.Both main crude contracts slumped around four percent on Friday owing to disagreements over how to implement a reduction deal, with Iran and Iraq pressing to be excluded and Russia suggesting it will only freeze output.News that ...

Markets - Equity - Asia

Tokyo shares down at break on strong yen, oil dive TOKYO: Tokyo shares fell from 11-month highs Monday morning with exporters hit by a stronger yen and energy firms tumbling on lower oil prices.The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna on Wednesday, with hopes it will codify a broad agreement struck in Algeria in September to cut production and protect prices.But crude rates sank Friday on fears for the agreement as producers clash over how its implementation, with Iran and ...

Markets - Equity - Asia

Hong Kong, Shenzhen stocks end morning up on link news HONG KONG: Shares in Hong Kong and Shenzhen rose Monday as traders welcomed last week's announcement that a long-awaited trading link between the two markets would start on December 5.The Hang Seng Index added 0.72 percent, or 162.76 points, to 22,886.21 by the break.The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.13 percent, or 2.72 points, to 2,132.57 and the benchmark Shanghai Composite Index climbed 0.51 percent, or 16.57 points, to ...