08242016Wed
Last update: Wed, 24 Aug 2016 09am

Asia

Markets - Equity - Asia

Indian stocks dip, rupee little changed after RBI holds key rates MUMBAI/NEW DELHI: Indian shares fell on Tuesday, pausing a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged, as was widely expected.The Indian rupee was little changed at 66.8750/8800 to the dollar, as against 66.8850/8975 before policy, after central bank assured markets of forex intervention to ensure the special concessional swap facility would mature without disrupting the market.As of 0542 GMT, the broader NSE index and the benchmark BSE index were down 0.26 percent and 0.24 percent.The benchmark 10-year bond yield was down 2 basis points at 7.15 percent after the RBI said it would conduct bond buys under the open market operations on Aug. 11.Copyright Reuters, 2016 ...

Markets - Equity - Asia

Nikkei hits 2-week high on wobbly yen, Brother surges TOKYO: Japan's Nikkei share average ground higher on Tuesday, touching a 2-week peak in thin trade thanks to a wobbly yen.The Nikkei ended the day up 0.7 percent at 16,764.97. It went as low as 16,630.56 on profit-taking before pulling back to touch 16,779.59, its highest since July 27.Brother Industries Ltd gained 19.3 percent after the office equipment maker revised up its earnings forecast.The broader Topix rose 0.9 percent to 1,317.49, with 1.89 billion shares ...

Markets - Equity - Asia

Asia shares up as yield hunt drives record flows, pound slips SYDNEY: Asian shares stood atop one-year peaks on Tuesday as a global search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK.Analysts at Bank of America Merrill Lynch noted the search for yield had led to the largest 5-week inflow on record to emerging market debt funds and the longest inflow streak to equity funds in two years.MSCI's ...

Markets - Equity - Asia

China stocks rise again, aided by inflation data SHANGHAI: China's blue-chip CSI300 index climbed for a sixth straight session on Tuesday, with July consumer inflation data keeping alive hopes of further monetary policy easing, while improving producer prices attracted bets on resources shares.Both the CSI300 and the Shanghai Composite Index rose 0.7 percent, to 3,256.98 points and 3,025.68 points, respectively.Data released on Tuesday showed that China's consumer price inflation accelerated at its weakest pace in six months, while the long decline in upstream ...

Markets - Equity - Asia

Tokyo shares edge up as energy shares get OPEC boost TOKYO: Tokyo shares edged up in lacklustre trading Tuesday morning, with energy-linked stocks getting a boost after OPEC announced plans for informal talks next month -- hinting it could take action to boost the market.Investors cheered news that the Organisation of the Petroleum Exporting Countries (OPEC) called a meeting of member states next month, potentially signalling a more aggressive stance on low oil prices.The Vienna-based group said it plans to meet on the sidelines of ...

Markets - Equity - Asia

Asia stocks advance on positive China data HONG KONG: Asian stocks posted modest gains Tuesday as fresh Chinese data provided signs of improving conditions for the world's second largest economy.Chinese producer deflation eased more than expected to its slowest decline in nearly two years, fuelling hopes the end of a painful slowdown could be in sight for the Asian powerhouse which is a key driver of the global economy.Shanghai advanced 0.3 percent after the producer price index, which measures the cost of ...

Markets - Equity - Asia

Shanghai stocks rise on China data HONG KONG: Shanghai stocks were up by the break Tuesday after the release of data showing producer price deflation narrowed in July, but Hong Kong shares were down.The benchmark Shanghai Composite Index edged up 0.29 percent, or 8.61 points, to 3,012.89, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.49 percent, or 9.66 points, to 1,971.92.The Hang Seng Index fell 0.19 percent, or 42.5 points, to 22,452.26.Copyright AFP (Agence France-Presse), ...