07302016Sat
Last update: Sat, 30 Jul 2016 04pm

Asia

Markets - Equity - Asia

Tokyo stocks down by break after six-day rally TOKYO: Tokyo shares headed for their first loss Wednesday after a six-day winning streak, while Nintendo's Pokemon Go rally fizzled just as the hugely popular smartphone game prepares to launch in Japan.Nintendo fell nearly 13 percent 27,650 yen ($260) in the morning, just a day after the videogame giant shot past Sony in market value.Nintendo stock more than doubled since Pokemon Go's release this month sparked a global frenzy, and boosted hopes for the company's nascent move into mobile gaming.Reports have said the game's launch in home market Japan could come as early as Wednesday or Thursday, having been released in more than two dozen countries by the weekend.Nintendo and the Pokemon Company declined to comment, while US-based Niantic -- which developed the game -- has not replied to requests for comment.Forbes has cited Niantic chief executive John Hanke as saying the reason for the delay is that Japan's server ...

Markets - Equity - Asia

Hong Kong stocks up by break, resuming rally HONG KONG: Hong Kong stocks resumed their rally Wednesday after the previous day's dip, tracking another record close on Wall Street on hopes for global central bank stimulus measures.The Hang Seng Index climbed 0.76 percent, or 165.47 points, to 21,838.67 by the break.The benchmark Shanghai Composite Index was flat, edging down 0.73 points to 3,035.87, but the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.42 percent, or 8.45 points, to 2,042.90.Copyright ...

Markets - Equity - Asia

China stocks slip as yuan, economic uncertainty weigh SHANGHAI: China stocks fell on Tuesday as investors worried that a recovery in the property sector is losing steam, adding to uncertainty over the economic outlook. Traders were also keeping a nervous watch on the weakening yuan, which broke through a psychologically important support level late on Monday.The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended 0.4 percent lower at 3,248.23 points, while the Shanghai Composite Index lost 0.2 percent to ...

Markets - Equity - Asia

Nikkei rises for 6th straight day but Softbank slumps on ARM bid TOKYO: Japan's Nikkei share average rose for a sixth straight day on Tuesday to a near six-week high, with a sagging yen and Wall Street's rise to a fresh record boosting investors' appetite for riskier assets. The Nikkei gained 1.4 percent to 16,723.31 points after touching 16,726.71, its highest since June 9.SoftBank Group Corp sank 10.3 percent with the telecoms conglomerate's bid for British chip designer ARM Holdings seen adding to its already large debt ...

Markets - Equity - Asia

Japan's SoftBank plunges after $32bn ARM purchase TOKYO: SoftBank plunged more than 10 percent Tuesday as investors gave the thumbs down to the Japanese mobile giant's whopping $32 billion purchase of British iPhone chip designer ARM Holdings.But the wider market ended in the black with Tokyo's benchmark Nikkei 225 index up 1.37 percent, or 225.46 points, at 16,723.31, while the broader Topix index of all first-section shares gained 1.08 percent, or 14.29 points, to finish at 1,331.39.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Hong Kong stocks down at break, snap six-day rally HONG KONG: Shares sank in Hong Kong Tuesday morning as investors cashed in profits after a six-day rally, with another record close on Wall Street unable to provide support.The Hang Seng Index slipped 0.63 percent, or 136.78 points, to 21,666.4 by the break.The benchmark Shanghai Composite Index fell 0.71 percent, or 21.61 points, to 3,021.95 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.54 percent, or 10.97 points, to 2,016.91.Copyright ...

Markets - Equity - Asia

Hong Kong stocks open lower on profit-taking HONG KONG: Hong Kong stocks retreated in the first few minutes of trade Tuesday after racking up six straight gains, with investors disregarding another record close on Wall Street.The Hang Seng Index edged down 0.32 percent, or 68.84 points, to 21,734.34.And the benchmark Shanghai Composite Index slipped 0.11 percent, or 3.33 points, to 3,040.23, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.08 percent, or 1.65 points, to 2,026.23.Copyright ...