07012016Fri
Last update: Fri, 01 Jul 2016 04pm

Asia

Markets - Equity - Asia

Taiwan stocks fall on Brexit uncertainty; China Airlines down after strike ends TAIPEI: Taiwan stocks fell on Monday on continued nervousness over how Britain's vote to leave the E.U., or Brexit, would play out for global demand.The trade-reliant economy has remained weak and the added uncertainty of Brexit's impact on global markets and how it trickles down to end demand is where the concerns for Taiwan are focused.Brexit's immediate impact on the local bourse however should be limited as the island's trade and financial exposure to the U.K. is relatively small, said Yuanta Investment Consulting in a research note.Brexit also pretty much sets Taiwan on course for its fourth rate cut since September when the island's central bank policymakers meet on Thursday.As of 0130 GMT, the main TAIEX index was down 0.6 percent at 8,426.47, after closing 2.3 percent lower on Friday its second worst single-session loss in 2016.The electronics subindex sank 0.5 percent, while the financials subindex lost 1.6 percent.Among actively ...

Markets - Equity - Asia

Nikkei rebounds as government ramps up intervention rhetoric after Brexit TOKYO: Japan's Nikkei share average rebounded on Monday as government officials stepped up warnings that they may intervene in currency markets to stabilise the yen after Britain voted to leave the European Union.The Nikkei rose 1.6 percent to 15,189.21 in midmorning trade, after diving 7.9 percent on Friday in the wake of Britain's historic decision.Prime Minister Shinzo Abe said on Monday he has instructed Finance Minister Taro Aso to watch currency markets "ever more closely" ...

Markets - Equity - Asia

Sterling, Asian stocks struggle with Brexit hangover TOKYO/SINGAPORE: Asian stocks fell and the British pound tumbled more than 2 percent on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union.Sentiment remained weak even though the worst of the turmoil seen on Friday, when global stock markets suffered their biggest decline in nearly five years, had eased."Things are so uncertain that investors still do not have a clear idea how much risk assets they ...

Markets - Equity - Asia

China stocks rebound, shrug off Brexit; Hong Kong down again SHANGHAI: China stocks rebounded on Monday morning, led by small-caps, as investors in them shrugged off Britain's decision to leave the European Union.But Hong Kong shares, which are more vulnerable to global market swings, continued to slide following Friday's tumble, though the kind of panic sparked initially by the Brexit vote has eased.On Friday, China indexes had a small fall. After a weak opening on Monday, the China market quickly moved into positive territory.By the ...

Markets - Equity - Asia

Tokyo shares rebound in morning TOKYO: Tokyo shares rebounded Monday morning from a rout that wiped more than $2 trillion off global financial markets in response to Britain's shock vote to quit the European Union.The benchmark Nikkei 225 index at the Tokyo Stock Exchange added 1.39 percent, or 207.22 points, to 15,159.24 by the break, while the broader Topix index of all first-section shares gained 0.92 percent, or 11.10 points, to 1,215.58.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Pound tumbles, most markets extend losses on Brexit woe HONG KONG: The pound sank Monday to sit at 30-year lows while most stock markets tumbled following Britain's decision to leave the European Union, with traders fearing it will lead to months of uncertainty.Sterling plunged two percent in early exchanges as dealers rushed into assets considered safe, such as the yen and gold, although Japan's Nikkei stock index rallied after suffering a battering on Friday.The surprise decision wiped $2.1 trillion off market valuations Friday and ...

Markets - Equity - Asia

Hong Kong stocks extend losses after Britain leave EU HONG KONG: Hong Kong stocks tumbled in the first few minutes of trade Monday, extending the sharp losses at the end of last week as traders are spooked by the uncertainty caused by Britain's decision to leave the European Union.The Hang Seng Index fell 1.36 percent, or 276.47 points, to 19,982.66.And the benchmark Shanghai Composite Index gave up 0.48 percent, or 13.73 points, to 2,840.56, while the Shenzhen Composite Index, which tracks stocks on China's ...