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Hong Kong stocks close 0.65pc up, Hang Seng Index climbed 141.81 points HONG KONG: Hong Kong shares ended up 0.65 percent by the close Monday following a rally on Wall Street fuelled by a waning of fears the Federal Reserve will begin tapering its stimulus programme.The benchmark Hang Seng Index climbed 141.81 points to 22,005.32 on turnover of HK$47.35 billion ($6.11 billion).Asian markets have seen turbulent trade over the last two months amid ongoing concerns over when the Federal Reserve will begin rolling back its massive $85billion a month quantitative easing. The stimulus has flooded markets with vast sums that many fear will now be withdrawn, hitting currencies and equities. But on Friday, poor housing sales out of the United States led to rebounds on Wall Street and Europe that were largely copied in Asia Monday. "The confusion at the Fed is understandable," Joel Naroff, chief economist at Naroff Economic Advisors, told the Dow Jones Newswires. "The economic data are not all ...

Asian stocks rise as Fed taper fears wane HONG KONG: Asian markets made modest gains Monday as speculation eased over whether the Federal Reserve will begin an early tapering of its massive stimulus programme.Emerging-market currencies suffered a torrid few days of trading last week as dealers bet on an end to the Fed's $85 billion a month monetary easing. But figures showing a slump in US housing market sales on Friday allayed fears of an early tapering and led to rallies in Europe ...
Seoul shares hit 1-week closing high on economic optimism SEOUL: Seoul shares rose to their highest closing in a week on Monday as auto and tech issues rallied on bargain hunting led by foreigners after Friday's euro zone data brightened the global economic growth outlook.The Korea Composite Stock Price Index (KOSPI) rose 1.0 percent to 1,887.86 points, the highest closing level since Aug. 19.Automaker Hyundai Motor Co rose 3.7 percent and its affiliate Kia Motors Corp gained 2.1 percent. Battery maker Samsung SDI Co ...
China shares up 0.20pc in morning trade SHANGHAI: Chinese shares rose 0.20 percent in morning trade Monday, tracking gains in US stocks last week, dealers said.The benchmark Shanghai Composite Index added 4.08 points to 2,061.54.Copyright AFP (Agence France-Presse), 2013 ...
Hong Kong stocks open up 0.78pc HONG KONG: Hong Kong stocks opened 0.78 percent higher on Monday as the latest US economic data eased fears of an early end to the Federal Reserve's massive stimulus programme.The benchmark Hang Seng Index rose 171.23 points to 22,034.74 in the first few minutes of trade. The US Commerce Department's new-home sales report for July released on Friday showed sales plunged 13.4 percent month-on-month, giving investors hope that the Fed will hold off tapering its ...
South Korea shares rise early on upbeat global economic data SEOUL: South Korea shares rose on Monday morning, with automakers and shipbuilders rallying on foreign buying, after data out of Europe and China late last week showed growth in major global economies.The Korea Composite Stock Price Index (KOSPI) was up 0.8 percent at 1,885.36 points as of 0205 GMT, the highest intraday level since Aug. 21."Our market has fared well against the fears of Fed tapering since late May compared to Indonesia and some other ...
China Construction Bank profit up 9.7pc HONG KONG: China Construction Bank Corp, the country's No. 2 lender, posted a 9.7 percent rise in second-quarter net profit, slightly beating expectations as interest margins held steady.CCB, the first of China's "Big Four" banks to report results for the latest quarter, made net profit of 60.4 billion yuan ($9.8 billion) in the April-June period, up from 54.78 billion yuan a year earlier, according to a company statement released on Sunday.The result beat the average ...


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln