02092016Tue
Last update: Tue, 09 Feb 2016 08pm

Asia

Markets - Equity - Asia

Asian markets tumble as oil collapses again HONG KONG: The oil price slump cast a cloud over Asian markets again Wednesday after falling back below $30 a barrel, hammering energy firms once again and sending stocks deeper into the red.With the euphoria of Friday's Bank of Japan stimulus but a distant memory, Tokyo led the regional losses followed by Hong Kong, where insurance giant AIA lost almost a tenth of its value at one point on fears China would tighten insurance rules.Despite the turmoil at home China National Chemical Corp (ChemChina) Wednesday offered to buy Switzerland's Syngenta for $43 billion, which would be a record overseas purchase by a Chinese firm.The plunge in oil prices to 12-year lows has sent shudders through world markets, helping wipe trillions of dollars off share valuations and even raising fears of recession. Crude resumed its downward trend this week, jettisoning most of the gains seen in a rally last week fuelled ...

Markets - Equity - Asia

Tokyo stocks plunge 3.15pc by close as oil prices drop again TOKYO: Tokyo stocks slumped more than three percent Wednesday, extending a drop on global markets as a stronger yen hit exporters and falling oil prices reignited worries about the world economy.The benchmark Nikkei 225 index at the Tokyo Stock Exchange tumbled 3.15 percent, or 559.43 points, to 17,191.25, while the Topix index of all first-section shares also dived 3.15 percent, or 45.77 points, to 1,406.27.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks down more than 3pc by break, extending global slump TOKYO: Tokyo stocks slumped more than three percent Wednesday morning, extending a drop on global markets as a stronger yen hit exporters and falling oil prices reignited worries about the world economy.As the euphoria of Friday's Bank of Japan stimulus faded, oil's fresh collapse below $30 a barrel hammered energy shares and investor confidence."Since the BoJ cut last week, markets have been on edge, concerned that the global situation is considerably worse than initially envisaged ...

Markets - Equity - Asia

Energy, insurance firms lead sell-off in Hong Kong stocks HONG KONG: Hong Kong stocks plunged in the morning session Wednesday as another sell-off in oil hammered energy firms, while insurance companies were also hit by a report China would clamp down on the purchase of overseas cover.The Hang Seng Index sank 2.49 percent, or 483.44 points, to 18,963.4 by the break.And the benchmark Shanghai Composite Index fell 1.17 percent, or 32.07 points, to 2,717.50, while the Shenzhen Composite Index, which tracks stocks on China's ...

Markets - Equity - Asia

China shares end higher, yuan fixed firmer SHANGHAI: Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays.The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1 percent, but trading volumes were low again, as a turbulent January frightened off many investors.The gains ...

Markets - Equity - Asia

Energy stocks hit as oil resumes losses, Asia markets retreat HONG KONG: Oil prices on Tuesday extended their heavy losses from the previous session, hitting Asia's beleaguered energy stocks as most regional markets retreated from a recent rally.Weak factory data in China and the United States added to the selling pressure, although Shanghai rallied on hopes of fresh economy-priming measures from Beijing and after the central bank pumped billions of dollars into financial markets.The euphoria fuelled by Japan's shock decision Friday to adopt a negative ...

Markets - Equity - Asia

Tokyo shares fall as energy stocks take a hammering TOKYO: Tokyo shares fell Tuesday as energy firms suffered heavy losses after oil resumed its downward spiral, and a rally fuelled by the Bank of Japan's latest policy moves faded.The slump in crude prices sapped market sentiment as investors gauge the impact of the central bank's surprise stimulus announcement last week.The move to introduce a negative interest rate policy came as concerns grow over China's slowing economic growth, which was reinforced by weak manufacturing data ...