06302016Thu
Last update: Thu, 30 Jun 2016 12am

Asia

Markets - Equity - Asia

Asia stocks inch up, nerves fray ahead of Brexit vote TOKYO/SINGAPORE: Asian stocks edged up on Wednesday as nervous investors counted down to Britain's make-or-break European Union referendum, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes added to a subdued mood in markets.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Japan's Nikkei extended losses to shed 1 percent.China's CSI 300 index and the Shanghai Composite both advanced about 0.3 percent, while Hong Kong's Hang Seng slipped 0.1 percent.On Wall Street, U.S. S&P 500 Index gained 0.27 percent but was still below an 11-month high touched earlier this month.Fed chief Yellen said on Tuesday the central bank's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy isn't faltering."A couple of months ago, Yellen was cautiously optimistic. Now she appears cautious while trying to be optimistic," said Tohru Yamamoto, chief fixed income strategist ...

Markets - Equity - Asia

Nikkei drops on profit-taking, investors jumpy before Brexit vote TOKYO: Japan's Nikkei share average dropped on Wednesday, snapping a three-day winning streak as investors took profits from recent gains against a background of nerves over Thursday's Brexit referendum.The Nikkei shed 1.0 percent to 16,007.52 in midmorning trade after rising 4.7 percent in the past three days."Many people want to take profits before the event, and they want to take new positions after the Brexit outcome," said Takatoshi Itoshima, chief portfolio manager at Commons Asset ...

Markets - Equity - Asia

China, Hong Kong rise on easing Brexit fears, cautious Fed tone on rates SHANGHAI: China and Hong Kong shares rose on Wednesday morning, as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothe market sentiment.China's blue-chip CSI300 index and the Shanghai Composite Index both climbed 0.5 percent, to 3,121.66 points and 2,891.39 points, respectively.In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added ...

Markets - Equity - Asia

Hong Kong stocks build on gains before British EU vote HONG KONG: Shares rallied for a fourth straight session in Hong Kong Wednesday on growing hopes Britain will vote to stay in the European Union this week's knife-edge referendum.The Hang Seng Index gained 0.61 percent, or 126.68 points to close at 20,795.12.The benchmark Shanghai Composite Index rose 0.94 percent, or 26.99 points, to 2,905.55, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.68 percent, or 31.67 points, to 1,921.38.Copyright AFP ...

Markets - Equity - Asia

Asia stocks mostly up ahead of Britain EU vote HONG KONG: Asian markets mostly rose Wednesday as Britain heads into a high-stakes referendum on its future in the European Union, after the head of the Federal Reserve warned a vote to leave could hammer world markets.Following a three-day rally fuelled by hopes the country will stay in the economic bloc, analysts said traders were taking a step back to see what happens in Thursday's poll.While bookmakers say there is an 80 percent chance the ...

Markets - Equity - Asia

China stocks up on easing Brexit fears, cautious Fed tone on rates SHANGHAI: China's main stock indexes closed up on Wednesday as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothed market sentiment. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.9 percent to 3,133.96 points, while the Shanghai Composite Index also gained 0.9 percent to 2,905.55 points.Shenzhen's start-up board ChiNext outperformed, climbing ...

Markets - Equity - Asia

Hong Kong, Shanghai stocks up by break HONG KONG: Hong Kong stocks ended the morning session higher Wednesday, building on a three-day rally, as investors bet Britain will vote to remain in the European Union in an historic referendum.The Hang Seng Index added 0.35 percent, or 71.93 points, to 20,740.37.And the benchmark Shanghai Composite Index gained 0.45 percent, or 12.83 points, to 2,891.39 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.50 percent, or 9.54 points, to ...