07292016Fri
Last update: Fri, 29 Jul 2016 05pm

Asia

Markets - Equity - Asia

Vietnam index rises 0.2pc, Vinamilk leads HANOI: Vietnam's benchmark VN Index rose 0.2 percent at the break on Wednesday to 550.75 points as some blue chips gained, led by dairy product maker Vinamilk .Vinamilk shares increased 2.08 percent, while top insurer Baoviet Holdings ticked up 2.99 percent, keeping the index on the upside despite profit taking in some banking shares after their strong gains in the previous session.Hanoi-based Vietcombank, Vietnam's top lender by market value, retreated 1.76 percent after jumping near its daily limit on Tuesday to the highest close since October 2009 and after the central bank's currency depreciation."The market has touched its trough in the past two weeks, though an upward trend will not be strong and stocks will just rise gradually," said deputy manager Nguyen Thanh Lam of Maybank Kim Eng Securities.The index could rise to 570 points in the short term, led by the real estate sector on expected positive results and ...

Markets - Equity - Asia

China stocks steady on strong brokerages, HK gains SHANGHAI: China stocks were steady on Wednesday, with brokerage shares strengthening after the regulator said it planned to relax rules for securities firms to set up subsidiaries and on background requirements for shareholders."This indeed has a positive impact on the brokerage sector," said Zhang Gang, analyst at Central China Securities in Shanghai. "And the valuation for the sector has corrected in pervious days - it's time for it to rebound again."The CSI300 index rose 0.2 ...

Markets - Equity - Asia

Hong Kong stock exchange seek to reassure investors over Shanghai trading link HONG KONG: The Hong Kong stock exchange has rebuffed claims that its landmark Shanghai trading link is being hampered by overseas regulatory hurdles, amid growing pressure to address investor protection concerns that have dampened trading volumes.The Hong Kong Exchanges and Clearing said in a statement late on Tuesday evening it has been working with overseas investors and regulators to familiarise them with the mechanics of the Hong Kong-Shanghai Stock Connect. Launched on Nov. 17, the ...

Markets - Equity - Asia

Taiwan says studying plans to allow Chinese to invest in local stocks TAIPEI: Taiwan's financial regulators on Wednesday said they are studying plans to allow individual Chinese investors to trade local stocks via Taiwan's offshore securities units, in the latest sign of warming ties with the mainland.Financial Supervisory Commission Chairman William Tseng told reporters that details would be available in June and implementation would begin in the third quarter."We hope to attract big Chinese investors to stock-related products," he said.Business and financial ties across the Taiwan Straits ...

Markets - Equity - Asia

Hong Kong stocks up 0.72pc at lunch HONG KONG: Hong Kong shares added 0.72 percent in the morning session Wednesday, recovering slightly from a recent sell-off fuelled by tumbling oil prices and fears over the eurozone.The benchmark Hang Seng Index added 168.54 points to 23,653.95 by the break on turnover of HK$54.96 billion (US$7.09 billion).Copyright AFP (Agence France-Presse), 2014 ...

Markets - Equity - Asia

Tokyo stocks open 0.44pc lower TOKYO: Tokyo stocks opened 0.44 percent lower on Wednesday as the euro hit a fresh nine-year low against the dollar over further drops in oil prices and worries over Greece's exit from the eurozone.The Nikkei 225 index at the Tokyo Stock Exchange, which tumbled more than three percent Tuesday, gave up 74.93 points to 16,808.26 at the start.The euro meanwhile changed hands at $1.1839 in early Asian trade -- its lowest level since February 2006 ...

Markets - Equity - Asia

China shares lower in morning trade SHANGHAI: Chinese shares were lower on Wednesday morning, hurt by concerns upcoming share issues will drain funds away from existing stocks, dealers said.The benchmark Shanghai Composite Index fell 0.74 percent, or 24.80 points, to 3,326.65.The Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.21 percent, or 3.06 points, to 1,458.26. Copyright AFP (Agence France-Presse), 2014 ...