02102016Wed
Last update: Wed, 10 Feb 2016 11am

Asia

Markets - Equity - Asia

Tokyo stocks soar on Bank of Japan's negative interest rate move TOKYO: Tokyo stocks soared on Friday after the Bank of Japan unveiled plans to effectively charge lenders to park their cash with it as investors cheered the surprise stimulus.The benchmark Nikkei 225 index at the Tokyo Stock Exchange, which fell in the morning, jumped 2.8 percent, or 476.85 points, to 17,518.30 at the close, as the BoJ surprised investors with the negative rate policy.The Topix index of all first-section shares climbed 2.87 percent, or 39.97 points, to 1,432.07. The yen weakened to 120.48 per dollar from 118.90 in morning trade following the BoJ announcement it was implementing a -0.1 percent interest rate.Not all analysts were impressed with the central bank's move."It's no use expecting anything more from the Bank of Japan -- this time they're pointlessly confusing the market," Norihiro Fujito, general manager of Mitsubishi UFJ Morgan Stanley Securities, told Bloomberg News. "In the end, it's symbolic of the limits ...

Markets - Equity - Asia

Bank of Japan helps Asia stocks end painful month with a bang HONG KONG: The Bank of Japan's shock announcement that it would charge banks to hold their cash sent Asian markets surging and the yen tumbling Friday as investors ended a highly volatile month with a bang.Trading floors across the planet have been awash with red in January as investors endured one of the worst starts to a year in recent history, hit by China's economic crisis, weak global growth and crashing oil prices.However, some stability ...

Markets - Equity - Asia

Sri Lankan shares snap three-session losing streak COLOMBO: Sri Lankan shares snapped a three-session losing streak and closed marginally higher on Thursday as investors picked up some beaten-down large-cap stocks.The main stock index ended 0.05 percent, or 3.43 points, higher at 6,319.89, after posting its lowest close since Jan. 20 on Wednesday.The index had fallen 8.4 percent so far this year through Wednesday as foreign investors, unnerved by global concerns over China's economy, have cut their exposure.Foreign investors sold a net 13.9 ...

Markets - Equity - Asia

Indian shares edge down after choppy session MUMBAI: Indian shares ended slightly lower on Thursday after short-covering tied to the expiry of derivatives lifted some shares, while broader gains were capped after the U.S. Federal Reserve kept open the prospect of more rate hikes this year.The broader NSE index ended 0.18 percent lower, while the benchmark BSE index lost 0.09 percent.Investors will keep an eye out for quarterly earnings of ICICI Bank, Bharti Airtel and Maruti Suzuki expected post market close.Copyright Reuters, ...

Markets - Equity - Asia

Nikkei falls in choppy trade TOKYO: Japanese stocks fell in choppy trade on Thursday with volatility in oil prices and fears of a global slowdown continuing to hurt sentiment, while cautious investors looked forward to the conclusion of the Bank of Japan's policy meeting on Friday.The Nikkei share average declined 0.7 percent to 17,041.45.Alpine Electronics Inc shares plunged 11.6 percent after the automobile audio products maker cut its profit outlook for the financial year ending March 31, 2016.The Topix subindex ...

Markets - Equity - Asia

Shanghai stocks tumble almost three percent HONG KONG: Shanghai stocks sank almost three percent Thursday, the third straight loss despite another huge injection of Chinese central bank cash into the financial system, as investors fret over the state of the economy.The benchmark Shanghai Composite Index fell 2.92 percent, or 79.90 points, to 2,655.66. It has now lost about 10 percent since closing on Monday.The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 4.18 percent, or 71.08 points, to ...

Markets - Equity - Asia

Asia stocks produce tentative gains on Fed's 'dovish tilt' SYDNEY/SINGAPORE: Asian shares rose slightly in choppy trade on Thursday as investors attempted to interpret the U.S. Federal Reserve's statement overnight, and oil prices fell back after climbing in the previous session.Europe looks set for a negative open, with financial spreadbetters expecting Britain's FTSE 100 Germany's DAX and France's CAC 40 to start the day about 0.7 percent lower.After starting weaker, MSCI's broadest index of Asia-Pacific shares outside Japan advanced about 0.2 percent.However, Japan's Nikkei, ...