06252016Sat
Last update: Sat, 25 Jun 2016 02am

Asia

Markets - Equity - Asia

Tokyo shares end higher with Yellen remarks, Brexit in focus TOKYO: Tokyo shares rose for a third straight session on Tuesday, as investors look to Federal Reserve boss Janet Yellen's Congressional testimony and Britain's EU membership vote later this week.Yellen is scheduled to speak on monetary policy from Tuesday in a semiannual report to lawmakers, as markets try to gauge when the Fed will lift interest rates again.At the close, Tokyo's benchmark Nikkei 225 index was up 1.28 percent, or 203.81 points, at 16,169.11, while the broader Topix index of all first-section shares added 1.15 percent, or 14.71 points, to 1,293.90.Exporters fell at the open as a sharply stronger yen dented their profit outlook, but the currency's rally later fizzled. The dollar was at 104.43 yen, up from 103.93 yen in New York, in the afternoon."Yellen may stress concerns over the economy, which will put downward pressure on the dollar," said Toshihiko Matsuno, chief strategist at SMBC Friend Securities."There's still ...

Markets - Equity - Asia

Asia markets extend gains but Britain EU vote shreds nerves HONG KONG: Asian markets mostly rose again Tuesday on hopes Britain will choose to stay in the European Union, but traders are moving cautiously with the outcome on a knife-edge just days before voting.With a series of polls putting the "Leave" and "Remain" camps neck and neck ahead of Thursday's poll, two of the world's investment titans, Li Ka-shing and George Soros, warned an exit vote would spell economic doom for Britain.While stock traders built ...

Markets - Equity - Asia

Sri Lankan shares edge down on interest rates, foreign outflows COLOMBO: Sri Lankan shares edged down on Monday as investor sentiment took a hit on continued foreign fund outflows and rising interest rates, brokers said. Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said. Overseas funds offloaded a net 137.8 million rupees worth of equities on Monday, extending the year-to-date net foreign outflow to 5.77 billion rupees worth of shares.The benchmark Colombo stock index ended 0.08 percent weaker at ...

Markets - Equity - Asia

World stocks up as Britain leans towards EU remain vote HONG KONG: Asia led a rally in global markets Monday, building on gains at the end of last week as polls suggest Britain's upcoming referendum will result in the country staying in the European Union.The average of the last six British European Union referendum polls put the Remain and Leave camps neck-and-neck at 50-50, excluding undecided voters, according to the What UK Thinks website. Markets across Asia and Europe slid early last week as polls ...

Markets - Equity - Asia

Hong Kong stocks close 1.69 percent up HONG KONG: Hong Kong stocks ended 1.69 percent up in their best performance in two weeks, following speculation Britain will vote to remain in the European Union.The Hang Seng Index gained 340.22 points to end at 20,510.2.Markets in mainland China were more subdued, with the benchmark Shanghai Composite Index edging up 0.13 percent, or 3.70 points, to 2,888.81 on a day of gains and losses.The Shenzhen Composite Index, which tracks stocks on China's second exchange, ...

Markets - Equity - Asia

China stocks flat on domestic concerns as other Asian markets rise SHANGHAI: China's main stock indexes were flat on Monday, bucking the upward trend in Asian markets, as sentiment was subdued amid concerns of yuan depreciation and a fresh regulatory crackdown on speculative trading.Both the blue-chip CSI300 index and the Shanghai Composite Index rose just 0.1 percent, to 3,112.67 points and 2,888.59 points, respectively.On Monday, other Asian markets had solid gains on hopes Britain will decide to remain in the European Union.Last week, U.S. publisher MSCI ...

Markets - Equity - Asia

Asia stocks up as Britain leans towards EU remain vote HONG KONG: Asia stocks were largely up Monday, building on gains at the end of last week as polls suggest Britain's upcoming referendum vote will result in the country staying in the European Union.Markets across the region plunged last week amid concern about a possible "Brexit" -- or British decision to leave the EU -- but showed some improvement Friday as the Remain camp gained ground.The average of the last six British EU referendum polls ...