06302016Thu
Last update: Thu, 30 Jun 2016 12am

Asia

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 6,461.12. The bourse shed nearly 1 percent last week. "The market is very slow and nothing much is happening. Market is hovering here and there and investors' interest doesn't seems to be on either side," said Dimantha Mathew, head of research at First Capital Equities (Pvt) Ltd. "Interest rates have started to impact the market. But investors are not selling either thinking the rates could come down a bit with expected inflows." Turnover stood 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 ...

Markets - Equity - Asia

Hong Kong stocks close 1.69 percent up HONG KONG: Hong Kong stocks ended 1.69 percent up in their best performance in two weeks, following speculation Britain will vote to remain in the European Union.The Hang Seng Index gained 340.22 points to end at 20,510.2.Markets in mainland China were more subdued, with the benchmark Shanghai Composite Index edging up 0.13 percent, or 3.70 points, to 2,888.81 on a day of gains and losses.The Shenzhen Composite Index, which tracks stocks on China's second exchange, ...

Markets - Equity - Asia

China stocks flat on domestic concerns as other Asian markets rise SHANGHAI: China's main stock indexes were flat on Monday, bucking the upward trend in Asian markets, as sentiment was subdued amid concerns of yuan depreciation and a fresh regulatory crackdown on speculative trading.Both the blue-chip CSI300 index and the Shanghai Composite Index rose just 0.1 percent, to 3,112.67 points and 2,888.59 points, respectively.On Monday, other Asian markets had solid gains on hopes Britain will decide to remain in the European Union.Last week, U.S. publisher MSCI ...

Markets - Equity - Asia

Asia stocks up as Britain leans towards EU remain vote HONG KONG: Asia stocks were largely up Monday, building on gains at the end of last week as polls suggest Britain's upcoming referendum vote will result in the country staying in the European Union.Markets across the region plunged last week amid concern about a possible "Brexit" -- or British decision to leave the EU -- but showed some improvement Friday as the Remain camp gained ground.The average of the last six British EU referendum polls ...

Markets - Equity - Asia

Tokyo shares rise 2.3 percent on yen, waning Brexit fears TOKYO: Tokyo shares rose more than two percent Monday as a weakening yen lifted investor spirits that were also cheered by rising expectations British voters will choose to stay in the European Union in a referendum this week.Prime Minister David Cameron warned Sunday of damage to Britain's economy if it quits the EU, as rival camps competed to sway voters in a campaign shaken by the murder of pro-EU lawmaker Jo Cox.Ahead of the Thursday ...

Markets - Equity - Asia

Nikkei posts biggest daily gain in 2 months as Brexit fears abate TOKYO: Japan's Nikkei soared to a one-week high on Monday, posting the biggest daily gain in two months as Brexit worries receded somewhat after weekend polls showed the campaign to keep Britain in the European Union regaining momentum.The safe-haven yen weakened on the uptick in risk appetite and helped lift the Nikkei share average 2.3 percent to 15,965.30, the highest closing level since June 13. The index posted the biggest daily percentage gain since April ...