12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - Equity - Asia

Asia stocks at 1-week highs on US cues; oil jumps HONG KONG: Asian stocks rose to one-week highs, helped by solid overnight gains on Wall Street, though investors were wary of chasing prices higher until President-elect Donald Trump picks his economic team. Oil extended gains.Crude oil climbed in Asian trading with US West Texas Intermediate (WTI) up 1 percent as the dollar pulled back and expectations of production cuts grew.Prices surged 4 percent to a three-week high on Monday, after comments from Russian President Vladimir Putin raised hopes that producer countries will reach a deal at a meeting next week to limit output.MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3 percent, pulled up by a 1.3 percent rally in Australian shares. Korean shares and Hong Kong stocks rose 0.9 and 1.3 percent each.European stocks were also expected to open higher with gains seen around 0.5 percent for key markets."Most of the flow into stocks seems to be ...

Markets - Equity - Asia

Asian stocks soar with oil, Tokyo rebounds after quake HONG KONG: Asian markets rose Tuesday with energy stocks tracking a surge in oil prices, while Tokyo recovered an early sell-off caused by a huge earthquake off Japan's northeast coast.The 6.9 magnitude quake struck around dawn in the same region as the deadly 2011 tremor, sparking worries of another tragedy. But while it caused some tsunami waves they were not as high as five years ago.The yen strengthened against the dollar after the quake as ...

Markets - Equity - Asia

Tokyo stocks tick up by break, extending rally TOKYO: Tokyo stocks ticked higher Tuesday morning, recovering from an early sell-off as it emerged a powerful earthquake that triggered a tsunami along Japan's northeast coast caused limited damage.The 6.9-magnitude tremor triggered waves along the coast including one of a metre (three feet) high that crashed ashore at the stricken Fukushima nuclear power plant.A spokesman for plant operator TEPCO said there was no damage but it rekindled memories of the 2011 crisis when a massive ...

Markets - Equity - Asia

TOCOM hits 17-month high, posts biggest pct gain since March 2011 TOKYO: Benchmark Tokyo rubber futures jumped 7 percent, hitting a 17-month high and marking the biggest daily percentage gain in nearly six years, as a surge in Shanghai futures and a weaker yen prompted a flurry of buys, dealers said."It was crazy," said a Tokyo-based dealer who declined to be named."Apparently, hefty money from Chinese speculators flew into Shanghai rubber futures, which helped boost Tokyo prices," he said.The Tokyo Commodity Exchange rubber contract for April ...

Markets - Equity - Asia

Asian markets struggle but weak yen boosts Tokyo HONG KONG: Japanese stocks extended their recent rally Monday as the dollar consolidated gains against the yen, with investors betting on a US interest rate rise next month.However, other markets continued to struggle due to uncertainty over the impact of a Donald Trump presidency.The greenback has soared to near six-month highs against the yen since Trump's election win on a platform of huge infrastructure spending and tax cuts. Experts say this will fan inflation and ...

Markets - Equity - Asia

Asia shares shaky as Trump bets keep emerging markets under pressure TOKYO: Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump's election to president could accelerate fund outflows from the region back to U.S. markets.Asian markets were steady to slightly lower, with Hong Kong's Hang Seng flat, Australian shares down 0.2 percent and South Korea's Kospi falling 0.3 percent.But Japan's yen-sensitive Nikkei bucked the trend, rising 0.8 percent to ...

Markets - Equity - Asia

Hong Kong stocks end slightly higher HONG KONG: Hong Kong stocks closed another volatile day with a small gain Monday as investors brushed off a sell-off on Wall Street, although worries persist about the outlook under a Donald Trump presidency.The Hang Seng index added 0.06 percent, or 13.57 points, to close at 22,357.78. The benchmark Shanghai Composite Index rose 0.79 percent or 25.29 points, to end at 3,218.15. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.36 ...