04292016Fri
Last update: Fri, 29 Apr 2016 03pm

Asia

Markets - Equity - Asia

Tokyo stocks down by break after four-day rally TOKYO: Tokyo stocks slipped Monday morning on profit-taking after a four-day rally, as investors two key central bank meetings and the start of Japan's corporate earnings season."Market participants are looking for new drivers for risk this week," Bernard Aw, a Singapore-based market strategist at IG, told Bloomberg News."With the barrage of economic data and two major central (bank) meetings, there will not be a shortage of catalysts."The Bank of Japan holds a two-day meeting from Wednesday with speculation growing that it will unleash more stimulus as this month's deadly earthquakes threaten an already fragile economy.Shortly before the meeting wraps up Thursday, Japan will publish a string of economic data, including inflation and unemployment figures, while corporate earnings season also gets into full swing.Sony, Panasonic, Nintendo, Japan Airlines and All Nippon Airways are among the firms set to report results for the fiscal year through March.The Federal Reserve will also hold ...

Markets - Equity - Asia

Hong Kong, Shanghai stocks end morning down HONG KONG: Stocks ended the morning lower in Hong Kong and Shanghai Monday owing to profit-taking after recent gains and following losses on Wall Street at the end of last week.The Hang Seng Index in Hong Kong slipped 0.57 percent, or 122.39 points, to 21,344.65.The benchmark Shanghai Composite Index fell 0.82 percent, or 24.21 points, to 2,935.03 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 0.92 percent, or 17.11 points, ...

Markets - Equity - Asia

SE Asia Stocks-Mostly down; Thailand leads falls on weak corporate results JAKARTA: Most Southeast Asian stock markets fell on Friday amid regional weakness, with Thailand posting its biggest drop in two weeks as banking stocks declined on disappointing results.Thailand's SET Index dropped 0.9 percent, its biggest single-day percentage decline since April 7.Krung Thai Bank, Thailand's second-largest lender, lost 2.3 percent, while rival Siam Commercial Bank PCL fell nearly 3 percent after reporting a drop in first-quarter profit and an increase in bad loans.Analysts are already worried ...

Markets - Equity - Asia

Sri Lanka shares end steady ahead of central bank rate decision COLOMBO: Sri Lankan shares ended flat in dull trade on Friday as investors waited for negotiations to conclude on a loan deal with the International Monetary Fund and ahead of a central bank decision on interest rates next week. The central bank's April monetary policy announcement is scheduled at 1230 GMT on Tuesday, and expectations are that it would keep key interest rates steady, a Reuters poll showed. The central bank twice tightened rates since ...

Markets - Equity - Asia

Tokyo stocks rise for fourth day on BoJ report TOKYO: Tokyo stocks rose for a fourth straight session Friday as financials were boosted by news that the Bank of Japan may supply relief to banks hit by its shock negative-rate policy.The central bank, which is slated to hold a policy-setting meeting next week, was looking at offering negative rates on some loans, Bloomberg News said, citing anonymous sources."This would mean banks can receive money for borrowing from the Bank of Japan," said Masahiro Ichikawa, ...

Markets - Equity - Asia

Hong Kong shares end lower, Shanghai rises HONG KONG: Hong Kong stocks sank Friday as profit-takers moved in following recent gains, while traders also tracked losses on Wall Street.The Hang Seng Index in Hong Kong slipped 0.72 percent, or 155.21 points, to 21,467.04.But the benchmark Shanghai Composite Index rose 0.22 percent, or 6.35 points, to 2,959.24 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.03 percent, or 19.03 points, to 1,867.56.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

China stocks post biggest weekly loss in 3 months SHANGHAI: China stocks edged up on Friday, as strength in consumer and tech shares offset a slump in resources plays, but major indexes posted their biggest weekly decline in three months. Reversing initial losses, the blue-chip CSI300 index rose 0.5 percent, to 3,174.90 at the end of the session, while the Shanghai Composite Index gained 0.2 percent, to 2,959.24 points.For the week, CSI300 fell 3 percent, while SSEC lost 3.9 percent, the worst weekly performance ...