01162017Mon
Last update: Mon, 16 Jan 2017 05pm

Asia

Markets - Equity - Asia

Tokyo stocks up 0.19pc by break TOKYO: Tokyo stocks rose 0.19 percent by the break on Monday after the yen weakened against the dollar in response to a strong US jobs report.The Nikkei 225 index at the Tokyo Stock Exchange added 33.03 points to 17,681.53 by the break, while the Topix index of all first-section issues was up 0.25 percent, or 3.48 points, at 1,420.67."The short-term momentum in US employment was stronger than we expected," said Shoji Hirakawa, chief equity strategist at Okasan Securities."With the spike in US two-year note yields spurring yen weakness, that backdrop should serve as a catalyst for gains in Japanese stocks," he told Bloomberg News.The strong US jobs report fuelled speculation that the Federal Reserve would raise interest rates in the middle of the year.The dollar was at 118.74 yen in midday trade on Monday, down from 119.00 yen in New York Friday afternoon but still sharply up from 117.33 yen ...

Markets - Equity - Asia

Hong Kong stocks down 0.46pc by midday HONG KONG: Hong Kong stocks ended the morning 0.46 percent lower Monday after another batch of weak Chinese trade data, while a strong US jobs report sparked speculation the Federal Reserve will bring forward its timetable for raising interest rates.The benchmark Hang Seng Index rose 113.47 points to 24,565.92 by the break on turnover of HK$36.68 billion ($4.73 billion).Copyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Asia

Sri Lanka shares climb to one-week high with strong turnover COLOMBO: Sri Lankan shares ended at a one-week high on Friday with strong turnover despite foreign outflows as investors snapped up beaten down blue-chips like John Keells Holdings Plc and Commercial Bank of Ceylon Plc. The main stock index ended up 1.64 percent, or 115.44 points, at 7,162.75, its highest close since Jan.30. "Investors are in a positive mindset with the cabinet deciding to go ahead with Chinese port city project. This means the new ...

Markets - Equity - Asia

Oil extends gains, euro recovers on ECB assurances HONG KONG: The euro edged lower on Friday after rallying on an ECB assurance that Greek banks will retain access to crucial funds, while oil prices extended gains after a volatile week.Investors seemed to shrug off a clash between Greece's new finance minister and his German counterpart over renegotiating Athens's debt, and a strong rally on Wall Street provided support to most Asian markets.While the Greek issue is still in focus, attention Friday will be ...

Markets - Equity - Asia

Hong Kong shares end 0.35pc lower HONG KONG: Hong Kong stocks slipped 0.35 percent Friday as a rally on Wall Street was offset by a sell-off in Shanghai and concerns about China's economy, despite this week's monetary easing measures.The benchmark Hang Seng Index lost 86.10 points to 24,679.39 on turnover of HK$75.94 billion ($9.80 billion).While US equities provided a healthy lead, Hong Kong tracked losses in Shanghai, which came despite Wednesday's decision by the People's Bank of China to cut the ...

Markets - Equity - Asia

India's NSE index heading towards biggest weekly fall in eight on earnings MUMBAI: India's NSE index fell on Friday, heading towards its biggest weekly loss in eight, as blue-chips such as Tata Motors slumped on weak earnings and on worries the Bharatiya Janata Party may face defeat in Delhi elections.Rising bad loans at state-run banks and faltering volume growth at consumer goods companies in the October-December quarter have dashed hopes of investors awaiting earning upgrades after shares hit a string of record highs recently.Traders worry that elections ...

Markets - Equity - Asia

Tokyo stocks close 0.82pc higher, Nikkei 225 index at the TSE closed 143.88 points TOKYO: Tokyo stocks closed 0.82 percent up Friday, boosted by sharp gains on Wall Street and reassurances from the European Central Bank that Greek lenders will get access to funding.The Nikkei 225 index at the Tokyo Stock Exchange closed 143.88 points higher at 17,648.50, while the Topix index of all first-section shares edged up 0.50 percent, or 7.08 points, to 1,417.19."While it depends on the US employment report, the market won't be in bad shape ...