05062016Fri
Last update: Fri, 06 May 2016 02am

Asia

Markets - Equity - Asia

SE Asia stocks up on rising oil price; Thailand ends near 6-month high  JAKARTA: Southeast Asian stock markets gained on Thursday on an overnight rally in oil prices with the Thai index closing at its highest in nearly six months while Malaysian stocks ended a three-day fall.Thailand's SET index closed at its highest since Oct 27, up 0.6 percent from a day earlier, driven by energy stocks. Shares of PTT PCL, the country's top oil firm, led the gain, climbing 3.3 percent to their highest in eight months.Overnight, oil prices rose 4 percent on a smaller-than-expected build in US crude inventories and as oil bulls bet that major crude producers would meet again to try to curtail output."In our view, rising oil prices should give Thai energy shares a lift today, but the room for upside in Thai stocks however looks limited in the near term due to a lack of strong buying interest from key investor groups," Phillip Capital in Bangkok wrote ...

Markets - Equity - Asia

China stocks slip as profit-taking erases early gains SHANGHAI: China stocks closed lower on Thursday as afternoon profit-taking in finance and manufacturing shares offset early gains by commodity stocks in the morning following oil's sharp overnight rise. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.6 percent, to 3,160.60, while the Shanghai Composite Index lost 0.7 percent, to 2,952.89 points.Copyright Reuters, 2016 ...

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 ...

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 ...