09272016Tue
Last update: Tue, 27 Sep 2016 01pm

Asia

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, rose 0.93 percent, or 18.32 points, to 1,998.57.Mainland markets were closed Thursday and Friday.Copyright AFP (Agence France-Presse), 2016 ...

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 ...

Markets - Equity - Asia

Sri Lankan shares post over 6-week closing low on VAT hike concern COLOMBO: Sri Lankan shares posted their lowest closing level in more than six weeks on Thursday, as a government proposal to raise the value added tax (VAT) weighed on markets.The government on Wednesday said the cabinet has approved a proposal to increase the VAT to 15 percent from 11 percent with some amendments, a move halted by the Supreme Court earlier. The hike is expected to be implemented after parliamentary approval later this month.The benchmark ...

Markets - Equity - Asia

Tokyo stocks end down, banks hit by rate talk TOKYO: Tokyo shares fell more than one percent on Thursday, led by a sell-off in bank stocks following reports that Japan's central bank will consider slashing interest rates deeper into negative territory.The losses on the Nikkei index followed another retreat on Wall Street, where there are also worries that the Federal Reserve could lift interest rates this month.Traders worldwide are hoping the banks will clear up some uncertainty about monetary policy in two of the ...

Markets - Equity - Asia

Hong Kong stocks end week with rally HONG KONG: Hong Kong stocks rallied Thursday after a three-day sell-off, with traders looking ahead to a crucial Federal Reserve policy meeting next week.The Hang Seng Index added 0.63 percent, or 144.95 points, to close at 23,335.59 on the final day of a holiday-shortened week.Mainland Chinese markets were closed for a public holiday.Copyright AFP (Agence France-Presse), 2016 ...