08262016Fri
Last update: Fri, 26 Aug 2016 06pm

Asia

Markets - Equity - Asia

Samsung Electronics shares trade at new record intraday high SEOUL: Shares of South Korean tech giant Samsung Electronics Co Ltd traded at a new intraday record of 1.585 million won ($1,433.73) per share in early trade on Thursday, buoyed by hopes for continued earnings recovery.Samsung, the world's No. 1 smartphone and memory chip maker, in late July reported its best quarterly profit in more than two years as its flagship Galaxy S7 smartphones propelled mobile earnings.The median price target price from a Thomson Reuters I/B/E/S survey of 43 analysts for Samsung Electronics shares is currently 1.8 million won.Copyright Reuters, 2016 ...

Markets - Equity - Asia

Tokyo shares slip as strong yen hits exporters TOKYO: Tokyo shares slipped Thursday morning as fading expectations of an imminent Federal Reserve rate hike sparked a yen rally, hitting exporters including Toyota and Nissan.Minutes from the US central bank's July meeting said policymakers were keeping their "options open" and that the Federal Open Market Committee remained divided on the near-term danger of inflation.Its cautious tone did little to raise hopes for a rise in US borrowing costs, which would tend to lift the ...

Markets - Equity - Asia

Hong Kong and Shanghai stocks up by lunch HONG KONG: Hong Kong stocks jumped by the break on Thursday after minutes from the US central bank's last meeting showed policymakers were cautious about an imminent interest rate hike.The Hang Seng Index climbed 1.6 percent, or 364.91 points, to 23,164.69.The benchmark Shanghai Composite Index gained 0.41 percent, or 12.61 points, to 3,122.16 while the Shenzhen Composite Index rose 0.29 percent,, or 5.86 points, to 2,049.13Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong stocks lower at close HONG KONG: Hong Kong stocks closed lower Wednesday but Shenzhen rose after the government said it had approved a long-awaited scheme to link trading on the Shenzhen exchange with the Hong Kong market.The Hang Seng Index lost 0.48 percent, or 111.06 points, to 22,799.78.The benchmark Shanghai Composite Index also slipped marginally by 0.02 percent, or 0.49 points, to 3,109.55, but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.32 percent, or ...

Markets - Equity - Asia

Tokyo shares end higher on energy firms, exporters TOKYO: Tokyo stocks closed higher Wednesday as a halt in the yen's rally lifted exporters while oil-linked shares and banks rose.The benchmark Nikkei 225 index rose 0.90 percent, or 149.13 points, to end at 16,745.64, while the broader Topix index of all first-section shares was up 0.97 percent, or 12.66 points, at 1,311.13.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks up by break on energy firms, exporters TOKYO: Tokyo stocks rose Wednesday morning, shrugging off a fall on overseas markets as oil-linked shares and banks rose while a halt in the yen's rally lifted exporters.The Japanese market has been under pressure since weak GDP figures Monday resurrected fears about growth in the world's number three economy, just as the stronger yen is taking a bite out of company profits.But the dollar picked up against the yen Wednesday after comments from a senior ...

Markets - Equity - Asia

Sri Lankan shares edge down on profit-taking COLOMBO: Sri Lankan shares closed slightly lower on Tuesday after posting a more than 11-week closing high in the previous session, as investors booked profits in beverage stocks and foreign investors trimmed their holdings.Foreign investors offloaded a net 89.85 million rupees ($617,950.48) worth of shares in their first selling in three sessions, extending the net foreign outflow so far this year to 3.35 billion rupees worth of equities.The fall seems to be a small downturn ...