04302016Sat
Last update: Sat, 30 Apr 2016 02am

Asia

Markets - Equity - Asia

Tokyo shares up on weaker yen, oil price surge TOKYO: Tokyo shares rose for a third successive session on Thursday, boosted by a broadly weaker yen and another oil price surge, though Mitsubishi Motors collapsed 20 percent after it admitted falsifying fuel efficiency tests.The crisis-hit company's testing was manipulated to make hundreds of thousands of cars appear more fuel-efficient than they were, it said Wednesday.The rigged figures were discovered after Japan's number-two automaker Nissan found inconsistencies in the testing data and reported it. Mitsubishi makes some cars for Nissan.On Thursday, Japanese transport officials raided Mitsubishi's research centre in central Nagoya city.The firm's shares, which were untraded during the day owing to an overwhelming number of sell orders, plunged 20.46 percent to 583 yen, following a 15 percent collapse Wednesday. The two days of losses wiped $2.5 billion off its value.But the benchmark Nikkei 225 index soared 2.70 percent, or 457.08 points, to 17,363.62, while the broader Topix index of ...

Markets - Equity - Asia

Asia markets track Wall St, oil higher HONG KONG: Asian stock markets rallied again Thursday as another surge in oil prices and gains on Wall Street reinforced optimism about the world economy.With a positive vibe flowing across trading floors, investors shifted out of safe-bet assets such as the yen, which helped Japan's Nikkei record a third-straight gain.However, carmaker Mitsubishi Motors bombed 20 percent, extending Wednesday's 15 percent dive -- and wiping billions off its value -- on news it falsified fuel-efficiency tests ...

Markets - Equity - Asia

SE Asia Stocks-Gain on rising oil price; Thailand leads gains JAKARTA: Southeast Asian stock markets rose on Thursday, with the Thai index leading gains as an overnight oil price rally boosted energy stocks.Thailand's SET index rose as much as 1.2 percent, touching its highest since Aug. 7, driven by energy stocks. Oil firm PTT Exploration and Production PCL jumped as much as 5.3 percent, heading for its biggest one-day gain in six weeks.Overnight, oil prices rose 4 percent on a smaller-than-expected build in US crude ...

Markets - Equity - Asia

Shares of Indonesia's Bank Permata jump on market talk BNI may buy its shares JAKARTA: Shares of Indonesia's PT Bank Permata Tbk surged as much as 14.3 percent on Thursday as traders speculated that PT Bank Negara Indonesia Tbk (BNI) may buy its shares. BNI Corporate Secretary Suhardi Petrus declined to specifically commment on Permata, but told Reuters by phone that the state-controlled lender is generally looking at "inorganic growth". Permata shares jumped as high as 1,040 rupiah. The broader Jakarta stock exchange was up 0.5 percent. Indonesian conglomerate ...

Markets - Equity - Asia

Asian shares near 5-1/2-month highs on oil's rally TOKYO: Asian shares held near 5-1/2-month highs on Thursday as oil prices rallied over 4 percent overnight thanks to a smaller than expected increase in US crude inventories and abiding hopes that producers may eventually agree ways to ease a global glut. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent while Japan's Nikkei gained 2.0 percent. Australian shares rose 0.9 percent and Hong Kong's Hang Seng added 1.5 percent. Shanghai was little ...

Markets - Equity - Asia

Hong Kong stocks rally after open HONG KONG: Shares rallied in the first few minutes of trade Thursday following a strong performance on Wall Street and another surge in oil prices.The Hang Seng Index opened up 0.80 percent, or 170.09 points, to 21,406.40.But in Shanghai the composite index lost 0.61 percent, or 18.21 points, to 2,954.37, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 0.48 percent, or 8.92 points, to 1,862.59. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Mitsubishi Motors shares set to plunge after data scandal TOKYO: Shares in Mitsubishi Motors looked set to plunge some 20 percent Thursday, but remained untraded due to an overwhelming number of sell orders a day after the automaker admitted it falsified fuel-efficiency tests.At about 9:40 am (0040 GMT), Mitsubishi Motors was unpriced on the Tokyo bourse, but based on sell and buy orders it was heading for a fall of 20.46 percent to a stop low -- or the maximum single-day loss allowed -- ...