06292016Wed
Last update: Wed, 29 Jun 2016 02pm

Asia

Markets - Equity - Asia

Asia shares rise, sterling stands tall ahead of Brexit vote TOKYO: Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in late afternoon trade, while spreadbetters predicted European markets would open mixed, with Britain's FTSE and France's CAC seen slightly down and Germany's DAX expected to edge up.Investors remain wary ahead of Thursday's British vote, as well as Federal Reserve chief Janet Yellen's two-day testimony before Congress starting later on Tuesday, as she might offer clues on the timing of the next U.S. interest rate increase."With Yellen's congressional testimony and the UK referendum on our doorstep, markets all around are exercising caution," said Andrew Meredith, co-managing director at Tyton Capital Advisors in Tokyo.Bookmakers' odds have also shown "Remain" gaining traction in Britain's referendum, with Betfair putting ...

Markets - Equity - Asia

Hong Kong stocks extend rally, Shanghai dips HONG KONG: Hong Kong stocks extended their rally for a third straight session Tuesday on growing hopes Britain will vote to stay in the European Union in a knife-edge referendum this week.The Hang Seng Index gained 0.77 percent, or 158.24 points to close at 20,668.44.But the benchmark Shanghai Composite Index shed 0.35 percent, or 10.25 points, to 2,878.56. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.02 percent, or 19.41 points, ...

Markets - Equity - Asia

China stocks give up gains as investor sentiment remains weak SHANGHAI: China stocks surrendered initial gains and closed lower on Tuesday, a reflection of weak investor sentiment amid worries about the economy. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 percent, to 3,106.32, while the Shanghai Composite Index lost 0.4 percent, to 2,878.56 points.The indexes rose in the morning session, tracking global markets as expectations grew that British voters will opt to remain in the European Union in Thursday's ...

Markets - Equity - Asia

Tokyo shares end higher with Yellen remarks, Brexit in focus TOKYO: Tokyo shares rose for a third straight session on Tuesday, as investors look to Federal Reserve boss Janet Yellen's Congressional testimony and Britain's EU membership vote later this week.Yellen is scheduled to speak on monetary policy from Tuesday in a semiannual report to lawmakers, as markets try to gauge when the Fed will lift interest rates again.At the close, Tokyo's benchmark Nikkei 225 index was up 1.28 percent, or 203.81 points, at 16,169.11, while ...

Markets - Equity - Asia

Asia markets extend gains but Britain EU vote shreds nerves HONG KONG: Asian markets mostly rose again Tuesday on hopes Britain will choose to stay in the European Union, but traders are moving cautiously with the outcome on a knife-edge just days before voting.With a series of polls putting the "Leave" and "Remain" camps neck and neck ahead of Thursday's poll, two of the world's investment titans, Li Ka-shing and George Soros, warned an exit vote would spell economic doom for Britain.While stock traders built ...

Markets - Equity - Asia

Sri Lankan shares edge down on interest rates, foreign outflows COLOMBO: Sri Lankan shares edged down on Monday as investor sentiment took a hit on continued foreign fund outflows and rising interest rates, brokers said. Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said. Overseas funds offloaded a net 137.8 million rupees worth of equities on Monday, extending the year-to-date net foreign outflow to 5.77 billion rupees worth of shares.The benchmark Colombo stock index ended 0.08 percent weaker at ...

Markets - Equity - Asia

World stocks up as Britain leans towards EU remain vote HONG KONG: Asia led a rally in global markets Monday, building on gains at the end of last week as polls suggest Britain's upcoming referendum will result in the country staying in the European Union.The average of the last six British European Union referendum polls put the Remain and Leave camps neck-and-neck at 50-50, excluding undecided voters, according to the What UK Thinks website. Markets across Asia and Europe slid early last week as polls ...