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Hong Kong's H-share index nears 2014 high, China stocks firmer HONG KONG: The index of major Chinese companies listed in Hong Kong surged early Wednesday, getting close to its 2014 peak, as investors particularly targeted financial and energy counters seen as undervalued. Shares on mainland markets also strengthened following Tuesday's big rise, with insurers and brokerages leading index gains. At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.3 percent to a 3-month high. The Shanghai Composite Index edged up 0.2 percent at 2,079.29 points. The China Enterprises Index of the top Chinese listings in Hong Kong climbed 1.9 percent and is now at its highest since Jan. 2. The Hang Seng Index was up 0.7 percent at 23,939.47 points."Valuations of H-share index companies are extremely low," said Jackson Wong, vice-president of Tanrich Securities. He said with funds flowing into Hong Kong, investors are seeking stocks that pay high dividends. Chinese brokerage firms outperformed after ...

Tokyo stocks flat by break TOKYO: Tokyo stocks were flat on Wednesday morning after early buying on a positive lead from Wall Street ran out of steam in the absence of fresh buying incentives.The Nikkei 225 index edged up 0.01 percent, or 1.47 points, to 15,344.75 by the break, while the Topix index of all first-section issues was up 0.02 percent, or 0.27 points, at 1,273.54.Japanese companies are reporting their April-June results starting this week, and solid figures have been ...
Asia stocks edge up as risk aversion wanes, euro languishes TOKYO: Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the euro languished near eight-month lows. Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorder and victims' remains from a downed Malaysian airliner to international authorities. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, lifted after the S&P 500 hit a ...
Indonesian shares rise after Jokowi wins presidential election JAKARTA: Indonesian shares rose nearly 1 percent on Wednesday after Joko "Jokowi" Widodo was declared the winner of Indonesia's presidential election, bringing the promise of major reforms to the world's third-largest democracy. The Jakarta stock exchange hit as high as 5,126.28 points as of 0206 GMT, adding to gains in the past few weeks on expectation that Jokowi would win. Major gainers include construction-related stocks such as PT Wijaya Karya Beton Tbk, which rose more ...
Tokyo stocks open up 0.16pc TOKYO: Tokyo stocks opened 0.16 percent higher on Wednesday after Wall Street shares closed with modest gains.The Nikkei 225 index was up 23.88 points to 15,367.16 at the start.The Nikkei is likely to be rangebound on Wednesday despite a positive lead from Wall Street, said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.Japanese companies are reporting their April-June results starting this week, and solid figures have been largely factored in, he told Dow Jones ...
China stocks higher in morning trade SHANGHAI: Chinese stocks were higher in morning trade Wednesday, but worries over a glut of new share offers overhung the market, dealers said.The benchmark Shanghai Composite Index rose 0.12 percent, or 2.53 points, to 2,078.01.The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.03 percent, or 0.38 points, to 1,115.14.Five companies on Wednesday started offering shares for subscription by investors, part of a group of 12 firms approved by China's market ...
Indian shares rise over 1pc; telecom stocks gain MUMBAI: Indian shares rose more than 1 percent on Tuesday, approaching their record highs hit earlier this month after telecom stocks surged following Idea Cellular' better-than-expected earnings while stronger Asian shares also bolstered sentiment.Bharti Airtel provisionally rose 4.8 percent while Idea Cellular ended 4.7 percent higher.The broader NSE index provisionally ended 1.1 percent higher after marking an intraday high of 7,773.85, not too far from its record high of 7,808.85 hit on July 8.Copyright Reuters, ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln