05062016Fri
Last update: Fri, 06 May 2016 11pm

Asia

Markets - Equity - Asia

Nikkei dives as yen skyrockets after BoJ no-stimulus decision TOKYO: Tokyo stocks tumbled on Thursday after the Bank of Japan surprised markets by holding off fresh stimulus, sending the yen soaring and hammering exporters.The Japanese currency jumped as much as 2.6 percent against the dollar in the wake of the shock announcement, with the greenback plunging to 108.58 yen in afternoon trade.Markets had widely expected new measures to counter a downturn in the world's number three-economy. That speculation had picked up pace after Japan published a slate of weak data -- including the biggest drop in inflation for three years -- shortly before markets opened Thursday."It's a total shock," Nader Naeimi, the Sydney-based head of dynamic markets at AMP Capital Investors, told Bloomberg News."From currencies to equities to everything -- you can see the reaction in the markets. I can't believe this. It's very disappointing," Naeimi added.By the close on Thursday, Tokyo's Nikkei 225 index had dived 3.61 percent, ...

Markets - Equity - Asia

BoJ shock sends yen surging, Nikkei dives HONG KONG: The yen soared against the dollar Thursday and Tokyo's Nikkei index plunged more than 3.0 percent after the Bank of Japan shocked markets by not ramping up its stimulus.Traders had widely expected the central bank to unveil fresh measures to shore up the world's number three economy after this month's deadly earthquakes in southern Japan and a string of weak data.But it decided to stand pat, saying it wanted to gauge the effects ...

Markets - Equity - Asia

Sri Lanka shares at 15-week closing high; banks lead gains COLOMBO: Sri Lankan shares rose for a second straight session on Wednesday to hit a 15-week closing high, led by financial and diversified shares, a day after the central bank kept the key interest rates steady.However, analysts said investors were cautious, ahead of an imminent loan deal with the International Monetary Fund.The central bank kept benchmark rates steady, as expected, as it gauges the effect of the recent tightening amid final stages of talks with ...

Markets - Equity - Asia

Shanghai, Hong Kong stocks end down HONG KONG: Shanghai stocks ended down Wednesday, reversing earlier gains, as upbeat industrial profits data from China reduced expectations the government would add to its stimulus measures soon.The benchmark Shanghai Composite Index slid 0.37 percent, or 11.03 points, to 2,953.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.48 points, to 1,876.51.The Hang Seng Index in Hong Kong fell 0.21 percent, or 45.67 points, to 21,361.60.Copyright AFP (Agence ...

Markets - Equity - Asia

Hong Kong stocks lower at break HONG KONG: Shares sank in Hong Kong Wednesday morning following losses on Wall Street, although the losses were tempered by gains in energy firms as oil prices pushed higher.The Hang Seng Index in Hong Kong slipped 0.24 percent, or 50.84 points, to 21,356.43.But the benchmark Shanghai Composite Index was flat, edging up 0.91 points to 2,965.61, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.36 percent, or 6.80 points, to ...

Markets - Equity - Asia

Tokyo stocks slip ahead of Fed, BoJ decisions TOKYO: Tokyo stocks fell Wednesday as Japan's corporate earnings season got off to a shaky start, while traders await policy decisions from the Federal Reserve and Bank of Japan.Copier and camera maker Canon plunged more than five percent to 3,203 yen, while firms that supply Apple dropped after iPhone sales fell for the first time.On Tuesday, Canon said its first-quarter net profit dropped 17.5 percent and it also downgraded its full-year profit and sales forecasts ...

Markets - Equity - Asia

SE Asia stocks mostly down ahead of Fed, BOJ meetings; Thai shares up  JAKARTA: Most Southeast Asian stock markets fell for a second straight day on Tuesday, led by Indonesia, as cautious investors adopted a wait and watch approach ahead of central bank meetings in the United States and Japan later this week.However, the Thai SET index and the Vietnam index bucked the trend, helped by commodities and financial shares respectively.Indonesia's Jakarta Composite Index ended 1.3 percent down at a more than two-week closing low, led by financial ...