02132016Sat
Last update: Sat, 13 Feb 2016 10pm

Asia

Markets - Equity - Asia

Japan boost lifts Asia but Shanghai, Hong Kong hit by China data HONG KONG: Shanghai and Hong Kong stocks fell Monday after a gauge of Chinese factory activity hit a more than three-year low in January, but most other Asian markets remained buoyed by Japan's decision last week to slash interest rates to negative.In another example of weakness in China's economy, the official Purchasing Managers Index (PMI) showed the country's key manufacturing sector shrank for the sixth straight month and was now at its weakest since August 2012.The news follows a string of data indicating that the once-mighty growth rates in the Asian giant are well in the past."The manufacturing sector will likely face a tough year ahead on the back of overcapacity, weakening global demand, and the government's plans to tackle pollution," ANZ economists Liu Ligang and Louis Lam said in a report.Worries about the slowdown in the world's second biggest economy -- and its leaders handling of it -- were ...

Markets - Equity - Asia

Tokyo stocks sharply higher by break as Sony soars TOKYO: Tokyo stocks rose in early trade Monday, as investors remain buoyed by the Bank of Japan's surprise stimulus announcement last week and Sony soared on strong quarterly earnings.The electronics giant on Friday reported a nine-month net profit of almost $2.0 billion, as huge demand for its PlayStation video games console and image sensors found in mobile gadgets help it move past years of losses.Sony skyrocketed 13.46 percent to 2,862.5 yen by the break.The blue-chip ...

Markets - Equity - Asia

Shanghai, Hong Kong stocks down by lunch on China data HONG KONG: Shanghai and Hong Kong stocks fell Monday morning after an official index of Chinese manufacturing activity fell to a more than three-year low in January.The benchmark Shanghai Composite Index slipped 1.78 percent, or 48.73 points, to 2,688.87, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gave up 0.99 percent, or 16.71 points, to 1,672.72.The Hang Seng Index in Hong Kong eased 0.87 percent, or 171.52 points, to 19,511.59.Copyright AFP ...

Markets - Equity - Asia

Taiwan stocks rise on Wall St rally; banks jump TAIPEI: Taiwan stocks rose slightly on Saturday with market sentiment bolstered by the Wall Street rally overnight, paced by gains in banking shares. As of 1:33 GMT, the main TAIEX index was up 0.4 percent at 8,114.03 points, after closing at 8,080.6 points the previous session.The electronics subindex rose 0.2 percent, while the financials subindex gained 1.1 percent.The Taiwan market was open on Saturday to make up for a day lost to the upcoming Lunar ...

Markets - Equity - Asia

Hong Kong stocks surge to end torrid month on a high HONG KONG: Hong Kong stocks rallied Friday, ending a volatile month on a high, after Japan announced a surprise negative interest rate policy, effectively charging banks to store their cash in a bid to kickstart lending in the country.The Hang Seng Index rose 2.54 percent, or 487.28 points, to close at 19,683.11.However, the index still ended the month down about 10 percent, swiped by concerns over the global economy, particularly China, and plunging oil prices.Copyright ...

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 ...

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 ...