08272016Sat
Last update: Sat, 27 Aug 2016 04am

Asia

Markets - Equity - Asia

Tokyo stocks close lower as stronger yen hits exporters TOKYO: Tokyo stocks closed down in low-volume trade on Wednesday ahead of a public holiday with the stronger yen hitting exporters including Toyota and cosmetics giant Shiseido.The benchmark Nikkei 225 index slipped 0.18 percent, or 29.85 points, to close at 16,735.12, while the broader Topix index of all first-section shares lost 0.20 percent, or 2.66 points, to 1,314.83.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Oil down in Asia on oversupply woes SINGAPORE: Oil prices extended losses in Asia on Wednesday after industry data showed a rise in US crude stockpiles, supporting oversupply concerns.The American Petroleum Institute said overnight Tuesday that crude supply had increased by around 2.1 million barrels last week.Investors are now waiting for official data on US commercial crude stockpiles for the week ending August 5 due later Wednesday, which will give further indication of demand in the world's top oil consumer."The API figures ...

Markets - Equity - Asia

Tokyo shares end up as energy stocks get OPEC boost TOKYO: Tokyo shares ended higher Tuesday with energy-linked stocks getting a boost after OPEC announced plans for informal talks next month, potentially signalling a more aggressive stance amid low oil prices.The Organisation of the Petroleum Exporting Countries (OPEC) said it plans to meet on the sidelines of the International Energy Forum in Algeria from September 26 to 28, hinting it could take action to stabilise the crude market.The news lifted oil-linked shares in Tokyo, with ...

Markets - Equity - Asia

Indian stocks dip, rupee little changed after RBI holds key rates MUMBAI/NEW DELHI: Indian shares fell on Tuesday, pausing a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged, as was widely expected.The Indian rupee was little changed at 66.8750/8800 to the dollar, as against 66.8850/8975 before policy, after central bank assured markets of forex intervention to ensure the special concessional swap facility would mature without disrupting the market.As of 0542 GMT, the broader NSE index and the benchmark ...

Markets - Equity - Asia

Nikkei hits 2-week high on wobbly yen, Brother surges TOKYO: Japan's Nikkei share average ground higher on Tuesday, touching a 2-week peak in thin trade thanks to a wobbly yen.The Nikkei ended the day up 0.7 percent at 16,764.97. It went as low as 16,630.56 on profit-taking before pulling back to touch 16,779.59, its highest since July 27.Brother Industries Ltd gained 19.3 percent after the office equipment maker revised up its earnings forecast.The broader Topix rose 0.9 percent to 1,317.49, with 1.89 billion shares ...

Markets - Equity - Asia

Asia shares up as yield hunt drives record flows, pound slips SYDNEY: Asian shares stood atop one-year peaks on Tuesday as a global search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK.Analysts at Bank of America Merrill Lynch noted the search for yield had led to the largest 5-week inflow on record to emerging market debt funds and the longest inflow streak to equity funds in two years.MSCI's ...

Markets - Equity - Asia

China stocks rise again, aided by inflation data SHANGHAI: China's blue-chip CSI300 index climbed for a sixth straight session on Tuesday, with July consumer inflation data keeping alive hopes of further monetary policy easing, while improving producer prices attracted bets on resources shares.Both the CSI300 and the Shanghai Composite Index rose 0.7 percent, to 3,256.98 points and 3,025.68 points, respectively.Data released on Tuesday showed that China's consumer price inflation accelerated at its weakest pace in six months, while the long decline in upstream ...