07242016Sun
Last update: Sun, 24 Jul 2016 11pm

Asia

Markets - Equity - Asia

China stocks slip as yuan, economic uncertainty weigh SHANGHAI: China stocks fell on Tuesday as investors worried that a recovery in the property sector is losing steam, adding to uncertainty over the economic outlook. Traders were also keeping a nervous watch on the weakening yuan, which broke through a psychologically important support level late on Monday.The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended 0.4 percent lower at 3,248.23 points, while the Shanghai Composite Index lost 0.2 percent to 3,036.60.The SSEC property sub-index fell 0.7 percent.While China posted slightly stronger-than-expected economic growth for the second quarter on Friday, gains were largely dependant on stronger construction activity fueled by the housing boom and a government infrastructure building spree.Other data showed property investment cooled in June, while home price rises slowed for the second month in a row.That has added to continued uncertainty around the economy, capital outflows, weak trade and other factors which have been ...

Markets - Equity - Asia

Nikkei rises for 6th straight day but Softbank slumps on ARM bid TOKYO: Japan's Nikkei share average rose for a sixth straight day on Tuesday to a near six-week high, with a sagging yen and Wall Street's rise to a fresh record boosting investors' appetite for riskier assets. The Nikkei gained 1.4 percent to 16,723.31 points after touching 16,726.71, its highest since June 9.SoftBank Group Corp sank 10.3 percent with the telecoms conglomerate's bid for British chip designer ARM Holdings seen adding to its already large debt ...

Markets - Equity - Asia

Japan's SoftBank plunges after $32bn ARM purchase TOKYO: SoftBank plunged more than 10 percent Tuesday as investors gave the thumbs down to the Japanese mobile giant's whopping $32 billion purchase of British iPhone chip designer ARM Holdings.But the wider market ended in the black with Tokyo's benchmark Nikkei 225 index up 1.37 percent, or 225.46 points, at 16,723.31, while the broader Topix index of all first-section shares gained 1.08 percent, or 14.29 points, to finish at 1,331.39.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong stocks down at break, snap six-day rally HONG KONG: Shares sank in Hong Kong Tuesday morning as investors cashed in profits after a six-day rally, with another record close on Wall Street unable to provide support.The Hang Seng Index slipped 0.63 percent, or 136.78 points, to 21,666.4 by the break.The benchmark Shanghai Composite Index fell 0.71 percent, or 21.61 points, to 3,021.95 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.54 percent, or 10.97 points, to 2,016.91.Copyright ...

Markets - Equity - Asia

Hong Kong stocks open lower on profit-taking HONG KONG: Hong Kong stocks retreated in the first few minutes of trade Tuesday after racking up six straight gains, with investors disregarding another record close on Wall Street.The Hang Seng Index edged down 0.32 percent, or 68.84 points, to 21,734.34.And the benchmark Shanghai Composite Index slipped 0.11 percent, or 3.33 points, to 3,040.23, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.08 percent, or 1.65 points, to 2,026.23.Copyright ...

Markets - Equity - Asia

Tokyo stocks up by break, SoftBank plunges on ARM buy TOKYO: Tokyo stocks rose Tuesday morning as some exporters got a lift and after Wall Street powered to record highs, but SoftBank plunged as investors baulked at its $32 billion purchase of iPhone chip designer ARM Holdings.The benchmark Nikkei 225 index climbed 0.47 percent, or 78.32 points, to 16,576.17 by break, while the broader Topix index of all first-section shares gained 0.32 percent, or 4.28 points, to 1,321.38.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

China stocks close lower on slower house price gains SHANGHAI: China stocks closed lower on Monday as real estate and construction shares sold off after data showed house price gains slowing in June. Property shares led indexes lower with the Shanghai Composite property sub-index down 0.7 percent.The CSI300 index of the largest-listed companies in Shanghai and Shenzhen fell 0.4 percent, to 3,262.02, while the Shanghai Composite Index lost 0.4 percent, to 3,043.56 points.Copyright Reuters, 2016 ...