07302016Sat
Last update: Sat, 30 Jul 2016 12pm

Asia

Markets - Equity - Asia

Tokyo stocks rise, Nintendo dives on Pokemon Go warning TOKYO: Tokyo stocks rose Monday morning as investors pinned their hopes on fresh Bank of Japan stimulus, but Nintendo nosedived after it downplayed the financial impact of the Pokemon Go phenomenon on its bottom line.By the break, Tokyo's benchmark Nikkei 225 index climbed 0.38 percent, or 63.35 points, to 16,690.60, rebounding from a drop on Friday.The broader Topix index of all first-section shares gained 0.35 percent, or 4.60 points, to 1,332.11.Investors appeared little moved by data Monday showing Japan posted its first half-year trade surplus since the 2011 Fukushima nuclear disaster, even as exports continued to struggle.Japan logged a January-June surplus of 1.8 trillion yen ($17.06 billion), against a 1.69 trillion yen deficit in the same period last year, the finance ministry said before the opening bell.Dealers are now eyeing central bank meetings in the United States and Japan as well as the kickoff of Japan's latest earnings season, said ...

Markets - Equity - Asia

Hong Kong stocks down at lunch HONG KONG: Shares in Hong Kong ended the morning session lower, extending losses in the previous trading day after a recent rally, while dealers await key central bank meetings in Japan and the United States.The Hang Seng Index eased 0.29 percent, or 63.60 points, to 21,900.67 by the break.But the benchmark Shanghai Composite Index added 0.24 percent, or 7.12 points, rising to 3,019.94 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, ...

Markets - Equity - Asia

Hong Kong shares end week with loss HONG KONG: Hong Kong stocks ended the week with a loss Friday as traders followed a global sell-off fuelled by worries about central banks' commitments to economic stimulus.The Hang Seng Index shed 0.16 percent, or 36.22 points, to end at 21,964.27.The benchmark Shanghai Composite Index fell 0.86 percent, or 26.19 points, to 3,012.82 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.91 percent, or 18.61 points, to 2,019.57.Copyright AFP (Agence ...

Markets - Equity - Asia

Asia stocks track US sell-off on stimulus worries HONG KONG: Asian markets fell Friday, tracking the Dow on Wall Street's first loss in six sessions, with traders left disappointed by comments from central banks in Japan and Europe that caused them to roll back their stimulus hopes.Trading floors worldwide have been humming with excitement for the past few weeks, racking up trillions of dollars in gains, as leaders promised measures to kickstart economies in the wake of Britain's shock EU exit vote.The upbeat ...

Markets - Equity - Asia

China stocks slide as central bank official casts doubt on monetary stimulus SHANGHAI: China stocks closed down on Friday after a central bank official cast doubts on the likelihood of further interest rate cuts and investors took profits following the previous day's bounce. Sheng Songcheng, director of the Survey and Statistics Department at the People's Bank of China, said tax cuts would be a more effective way of stimulating the economy than interest rate cuts, the National Business Daily reported on Friday.Sheng added that China was caught ...

Markets - Equity - Asia

Tokyo stocks close down, Nintendo up on Pokemon launch TOKYO: Tokyo shares closed lower Friday as worries over a flagged stimulus dented spirits, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market.Trading got off to a weak start as investors bought the yen after an interview was aired in which central bank chief Haruhiko Kuroda ruled out using so-called helicopter money in any fresh economy-boosting measures.The strategy involves funnelling cash directly into the economy to boost ...

Markets - Equity - Asia

Tokyo stocks close lower, Nintendo up on Pokemon launch TOKYO: Tokyo shares closed lower Friday as a rebounding yen hit exporters, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market.The benchmark Nikkei 225 index fell 1.09 percent, or 182.97 points, to close at 16,627.25, while the Topix index of all first-section shares dropped 0.89 percent, or 11.88 points, to 1,327.51.Copyright AFP (Agence France-Presse), 2016 ...