01182017Wed
Last update: Wed, 18 Jan 2017 11pm

Asia

Markets - Equity - Asia

Toshiba shares fall 20pc after it flags one-off loss TOKYO: Toshiba shares dived more than 20 percent Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business.The stock price dropped by 20.42 percent to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening bell, as the company failed to ease investor worries over the potential risk. It finished the session at that level.The Tokyo-based conglomerate said Tuesday in a statement that costs linked to the acquisition last year by its US subsidiary of a nuclear service company would possibly amount to "several billion US dollars, resulting in a negative impact on Toshiba's financial results".The exact figure of the potential write-down is still being worked out, Toshiba president Satoshi Tsunakawa told reporters after the announcement, apologising for "causing concern".The company statement suggested the figure would be released ...

Markets - Equity - Asia

Tokyo ends flat as Toshiba shares plunge again HONG KONG: Hong Kong stocks rose Wednesday to rebound from recent lows as Tokyo shares ended flat despite Toshiba's second straight double-digit plunge, in quiet Asian trading before the New Year. Technology companies led the recovery in the south China financial hub whose market has slumped more than six percent this quarter, as the city struggled with headwinds including higher borrowing costs hitting the outlook for its property market.In Tokyo, stock in the troubled Japanese ...

Markets - Equity - Asia

Tokyo shares flat at noon TOKYO: Tokyo shares were flat in thin holiday trading, with Toshiba nosediving 20 percent after the firm said it might book a massive one-time loss.Tokyo investors adjusted positions as they prepared to close out the year on Friday, while some foreign bourses returned from holidays, with the Nasdaq rising to a record finish and the Dow Jones industrial Average in striking distance of 20,000 points."The environment isn't bad, but with some foreign investors away on ...

Markets - Equity - Asia

Sri Lankan shares hit more than 8 month closing low; turnover slumps COLOMBO: Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with turnover slumping to a near 33-month low as investors stayed away. The Colombo stock index ended 0.22 percent lower at 6,202.83, its lowest close since April 6. It has shed around 2.1 percent in the 10 sessions through Tuesday.Turnover stood near its lowest since March 17, 2014, at 111.2 million rupees ($745,308), around a ...

Markets - Equity - Asia

Tokyo shares up at break TOKYO: Tokyo stocks ended Tuesday morning in positive territory, supported by dip-buying of selected shares, as global investors gradually return to the market after the holiday break.The yen's slide to 117.38 to the dollar, from 117.14 late Monday in Tokyo, also helped encourage investors to look for bargains.Trading, however, remained quiet with markets in Australia, New Zealand and Hong Kong remaining closed on Tuesday, while players in the United States and in many European bourses ...

Markets - Equity - Asia

Tokyo, Shanghai lower in quiet holiday trade TOKYO: Stocks in Tokyo and Shanghai lost ground Monday in quiet trading with most of the region's other key markets closed for public holidays.Both Japan and China declined as investors cashed in on a recent global rally fuelled largely by expectations for the incoming administration of US President-elect Donald Trump.Incentives were few and the Dow Jones Industrial Average, which on Friday again fell short of 20,000 points in light trade ahead of the holiday weekend, ...

Markets - Equity - Asia

Chinese stocks down by lunch SHANGHAI: Chinese stocks fell Monday morning, driven by a decline in commodity shares, dealers said.The benchmark Shanghai Composite Index dipped 0.78 percent, or 24.33 points, to 3,085.82.The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.82 percent, or 16.12 points, to 1,954.94.Copyright AFP (Agence France-Press), 2016 ...