08252016Thu
Last update: Thu, 25 Aug 2016 02am

Asia

Markets - Equity - Asia

Tokyo stocks under pressure on weak Japan GDP TOKYO: Tokyo's benchmark index ended Monday morning trade unchanged, clawing back early losses driven by news that the Japanese economy stalled in the second quarter.Shortly before the opening bell, official data showed that growth in the world's third largest economy was flat in the April-June period.That missed economists' expectations for a modest 0.2 percent expansion, as weak exports and a fall in business spending held back activity.Japan's economy grew 0.5 percent in the first quarter -- 1.9 percent annualised -- after a contraction in the last three months of 2015.A sharp rally in the yen has hit Japanese exporters, making them less competitive overseas and denting profits."Today's data are quite disappointing," said Junko Nishioka, chief economist at Sumitomo Mitsui Banking."The situation is becoming tougher and tougher. There is the rally in the yen and worries about Japan's prospects in overseas markets. And so companies are becoming more pessimistic about making ...

Markets - Equity - Asia

Hong Kong and Shanghai stocks end the week up HONG KONG: Hong Kong and Shanghai stocks ended the week up as the oil price rebounded, and despite disappointing economic data from China that missed expectations.The benchmark Shanghai Composite Index jumped 1.60 percent, or 48.03 points, to 3,050.67, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.17 percent, or 22.75 points, to 1,973.67.Hong Kong's Hang Seng Index climbed 0.83 percent or 186.36 points, to 22,766.91.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo's Nikkei index ends at highest in over two months TOKYO: Tokyo's benchmark index closed at its highest level in over two months Friday after Wall Street powered to fresh records and a weaker yen boosted sentiment.The benchmark Nikkei 225 index rose 1.10 percent, or 184.80 points, at 16,919.92, while the broader Topix index of all first-section shares gained 0.64 percent, or 8.39 points, to 1,323.22.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong shares rise again, helped by financials, lower bond yields SHANGHAI: Hong Kong shares climbed to an eight-month closing high on Thursday, as a further decline in global bond yields increased the appeal of blue-chips listed in the city.The Hang Seng index rose 0.4 percent, to 22,580.55, while the China Enterprises Index gained 1.2 percent, to 9,423.34 points.With the UK's bond buying scheme helping to push global bond yields lower, Hong Kong's blue-chips - currently trading at half the valuation of U.S. shares on average ...

Markets - Equity - Asia

Asia stocks fall as oil price depresses outlook HONG KONG: Asian markets fell Thursday as a slump in the oil price, driven by fresh indications of an oversupply, depressed the outlook for equities and global growth.The dollar also slipped against its major peers overnight as expectations of a US rate interest rate hike in the near future began to fade along with enthusiasm from recent strong US jobs data.US and European markets mostly lost ground, giving Asia a weak lead."The major story overnight ...

Markets - Equity - Asia

China, Hong Kong stocks rise, helped by lower bond yields, insurance deal SHANGHAI: China stocks were firm on Thursday morning while Hong Kong shares hovered around eight-month highs, as a further decline in Chinese and global bond yields increased the appeal of blue-chips.Financial plays were strong, aided by acquisitions of stakes in New China Life Insurance .China's blue-chip CSI300 index rose 0.4 percent, to 3,255.58 points by the lunch break, while the Shanghai Composite Index gained 0.1 percent, to 3,021.44 points.In Hong Kong, the Hang Seng index ...

Markets - Equity - Asia

Sri Lankan shares hit more than 10-week closing high; Keells up on foreign buying COLOMBO: Sri Lankan shares closed at a more than 10-week high in brisk trade on Wednesday as heavy buying by foreign investors in index heavyweight John Keells Holdings buoyed sentiment across the board.The benchmark Colombo stock index ended 0.52 percent higher, or up 33.64 points at 6,543.75, its highest close since May 31."Foreign interest in John Keells boosted sentiment," said Prashan Fernando, COO at Acuity Stockbrokers.John Keells Holdings jumped as much as 3.15 percent intraday ...