09272016Tue
Last update: Tue, 27 Sep 2016 11am

Asia

Markets - Equity - Asia

China stocks end higher on improving business confidence SHANGHAI: China stocks edged higher on Monday, as investors returning from a long holiday drew optimism from surveys showing improving business confidence.Both the blue-chip CSI300 index and the Shanghai Composite Index gained 0.8 percent to 3,263.12 and 3,026.05 points, respectively. China's markets were closed on Thursday and Friday.The People's Bank of China published surveys on Sunday showing business confidence among entrepreneurs in China had picked up for the second quarter in a row in 2016.Fu Xuejun, an analyst at Huarong Securities, said that despite the apparent improvement in sentiment, there was limited room for the Chinese market to go up further due to uncertainty about the economy and the global liquidity situation.All main sectors rose, with financial shares leading the gain with an advance of 0.7 percent.Nuclear power-related stocks were in the spotlight after Britain gave the go-ahead for a $24 billion Chinese-backed nuclear power plant.China Nuclear Engineering and SUFA ...

Markets - Equity - Asia

China stocks rise as business confidence picks up; Hong Kong rises SHANGHAI: China stocks edged higher on Monday morning, as investors returning from the long Mid-Autumn Festival holiday drew optimism from surveys showing improving business confidence.Hong Kong shares also rose, despite lingering uncertainty around U.S. monetary policy, with an index tracking Chinese firms jumping roughly 2 percent on the back of money inflows from the mainland.China's blue-chip CSI300 index rose 0.7 percent, to 3,262.07 points by the lunch break, while the Shanghai Composite Index gained 0.6 ...

Markets - Equity - Asia

Asia stocks rally on steady Fed bet, oil bounces SYDNEY: Asian shares advanced on Monday as markets wagered the U.S. Federal Reserve would skip a chance to raise rates this week, while oil bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports.In Europe, British, French and German bourses were expected to start about 1 percent higher, while MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.2 percent, led by the technology, financial and energy sectors.Shanghai ...

Markets - Equity - Asia

Hong Kong, Shanghai stocks up by break HONG KONG: Hong Kong and Shanghai stocks rose Monday morning as investors returned from public holidays to play catch-up with an Asia-wide rally at the end of last week.The Hang Seng Index in Hong Kong -- which was closed Friday -- added 0.83 percent, or 193.78 points, to 23,529.37 by lunch.The benchmark Shanghai Composite Index gained 0.61 percent, or 18.17 points, to 3,021.02 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, ...

Markets - Equity - Asia

Most Asia markets up ahead of central bank meetings HONG KONG: Asian markets mostly rose Monday as traders gear up for huge central bank meetings in the US and Japan this week, hoping authorities press on with their loose monetary policies.Concern that years of cheap cash could be coming to an end has roiled markets this month with conflicting comments from top Federal Reserve officials over the need for an interest rate hike fuelling uncertainty.And a lack of any concrete promises from Tokyo about ...

Markets - Equity - Asia

Nikkei bounces back from 3-week low; Apple suppliers, banks lead gains TOKYO: Japan's Nikkei share average bounced back from three-week lows on Friday as Apple-related shares rose on strong sales of new iPhone 7 and as bank shares were bought back after heavy selling earlier this week. The Nikkei share average rose 0.7 percent to 16,519.29, a day after it hit a three-week low, while the broader Topix gained 0.8 percent to 1,311.50.On the week, the Nikkei fell 2.6 percent, its biggest weekly fall since early ...

Markets - Equity - Asia

Tokyo shares up by break as US rate talk fades TOKYO: Japanese stocks rose Friday morning as another weak batch of US data dimmed the likelihood the Federal Reserve will hike interest rates next week.Tokyo's markets have see-sawed this week following conflicting signals from Fed officials about the need to tighten borrowing costs at its policy meeting next week.But figures showing lacklustre US retail sales and tepid wholesale inflation all but wiped out the chances of a lift-off until at least December.The news lifted US ...