09272016Tue
Last update: Tue, 27 Sep 2016 05pm

Asia

Markets - Equity - Asia

Hong Kong, Shanghai stocks rise ahead of Fed meeting HONG KONG: Hong Kong and Shanghai stocks closed stronger Wednesday as the Bank of Japan's decision to overhaul monetary policy to kickstart inflation boosted confidence before the Fed winds up its own meeting later in the day.The Hang Seng Index in Hong Kong rose 0.59 percent, or 139.04 points, to close at 23,669.90.The benchmark Shanghai Composite Index rose 0.10 percent, or 2.87 points, to 3,025.87 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.28 percent, or 5.54 points, to 2,005.60.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks soar on central bank moves TOKYO: Tokyo stocks soared and bond yields recovered briefly Wednesday after the Bank of Japan overhauled its monetary policy in a renewed push to jumpstart inflation and get the economy back on track.Bank shares were the big winners, as investors embraced news the BoJ would not push interest rates deeper into negative territory -- a policy that has hurt commercial lenders' profits. "It seems there's domestic political pressure for the BoJ not to hurt the ...

Markets - Equity - Asia

Asian, European stocks rally as BoJ targets inflation HONG KONG: Tokyo led Asian and European equities higher and the yen fell after Japan's central bank adjusted its stimulus programme, giving world markets a healthy start on what has been dubbed "Big Wednesday".The Nikkei sprang from negative territory to end 1.9 percent higher after the Bank of Japan said it would try to raise government bond yields as part of its drive to kickstart inflation. Yields on 10-year government bonds briefly broke into positive ...

Markets - Equity - Asia

Hong Kong stocks rise, China flat; markets look ahead to Fed SHANGHAI: Hong Kong stocks were firm on Wednesday morning ahead of the Federal Reserve's policy meeting, while persistent sluggishness in China's equity market helped to extend the flow of mainland money into Hong Kong.The Hang Seng index added 0.3 percent, to 23,603.86 points, while the Hong Kong China Enterprises Index gained 0.6 percent, to 9,812.73.China's stock market was flat.Investors remain focused on major central bank meetings. Earlier on Wednesday, the Bank of Japan decided to ...

Markets - Equity - Asia

Japanese stocks lift Asia, yen falls as BOJ overhauls policy HONG KONG: Japanese stocks rallied and lifted Asian equities on Wednesday, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus programme.With the global economy showing few signs of rebounding and investors fretting about the limits of major central banks' easings, the BOJ's move came as a welcome relief for risk asset markets.The Japanese central bank maintained its ...

Markets - Equity - Asia

Japan stocks, dollar up on BoJ policy tweak HONG KONG: Japanese stocks surged and the yen tumbled after the country's central bank adjusted its stimulus programme, providing a healthy start to world markets on what has been dubbed "Big Wednesday".The Nikkei sprang from negative territory to rise 1.6 percent in the afternoon, soon after the Bank of Japan said it would aim to raise government bond yields as part of its drive to kickstart inflation.It also said it would continue its huge monetary ...

Markets - Equity - Asia

Asian markets steady at start of 'Big Wednesday' HONG KONG: Asia kicked off a huge day for global markets as investors await central bank announcements from Japan and the United States on what has been dubbed "Big Wednesday", with concerns that the years of cheap cash could be numbered.The Bank of Japan is due to wrap up its policy meeting first but, despite a string of weak readings on the country's economy, traders are uncertain whether officials will unveil any fresh stimulus measures.Also ...