05042016Wed
Last update: Wed, 04 May 2016 12pm

Asia

Markets - Equity - Asia

Tokyo stocks edge up, Mitsubishi tumbles on emissions test reports TOKYO: Tokyo stocks eked out a small gain Wednesday as the yen's rise took the wind out of the market, while Mitsubishi Motors nosedived on reports it had conducted faulty emission tests.The automaker's shares plunged 15.16 percent to close at 733 yen ($6.73) in response to news that the company conducted improper pollution tests, as Volkswagen struggles to deal with its own massive emissions-cheating scandal.After markets closed, Mitsubishi said it would hold a press briefing at 5:00 pm local time (0800 GMT) to talk about "misconduct in fuel-efficiency tests on our vehicles". It did not elaborate.By the close, Tokyo's benchmark index had lost most of its morning gains, as investors sought refuge in the yen -- a go-to asset in times of uncertainty -- on the back of a fall in oil prices and a sell-off on Chinese equity markets.A strong yen is bad news for exporters as it makes ...

Markets - Equity - Asia

Tokyo stocks edge up, automaker Mitsubishi tumbles on emissions test reports TOKYO: Tokyo stocks eked out a small gain in cautious trade after an early rally largely fizzled on Wednesday while Mitsubishi Motors tumbled more than 15 percent after faulty emission test reports.The benchmark Nikkei 225 index at the Tokyo Stock Exchange added 0.19 percent, or 32.10 points, to close at 16,906.54, while the broader Topix index of all first-section shares was up 0.20 percent, or 2.75 points, at 1,365.78.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Shanghai, Hong Kong stocks dive as stimulus hopes fade HONG KONG: Stocks plunged in Shanghai and Hong Kong on Wednesday as investors took profits from the previous day's surge and recent strong data out of China doused expectations for fresh stimulus measures.The benchmark Shanghai Composite Index slumped 2.55 percent, or 77.51 points, to 2,965.31 by the lunch break.The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 3.40 percent, or 66.50 points, to 1,891.70.And the Hang Seng Index in Hong Kong lost ...

Markets - Equity - Asia

Tokyo stocks rise by break, extending global rally TOKYO: Tokyo stocks rose on Wednesday morning, keeping alive a global equities rally as energy-linked shares got a lift from higher oil prices, which overshadowed some key US corporate earnings disappointments.The benchmark Nikkei 225 index at the Tokyo Stock Exchange gained 0.61 percent, or 102.86 points, to 16,977.30 by the break, while the broader Topix index of all first-section shares was up 0.62 percent, or 8.47 points, at 1,371.50. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Asia stocks take breather, oil down as Kuwait strike ends HONG KONG: Asian shares moved cautiously in choppy trade Wednesday, struggling to extend the previous day's surge although oil prices turned lower in response to news a strike in key producer Kuwait had been wound up.Dealers took their lead from another rally in US and European bourses, where tepid corporate earnings results were broadly overlooked in favour of upbeat German data and gains in oil prices.However, crude retreated Wednesday after it emerged that the three-day ...

Markets - Equity - Asia

Tokyo stocks extend global equities rally TOKYO: Tokyo stocks extended a global equities rally at the start of trade Wednesday, rising for the second straight session following gains in oil prices and a positive lead from Wall Street.The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 1.06 percent, or 179.39 points, to 17,053.83 in opening deals, while the broader Topix index of all first-section shares was up 0.89 percent, or 12.08 points, at 1,375.11. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Vietnam stock index posts biggest drop in three months HANOI: Vietnam's benchmark VN Index fell 2 percent at the close on Tuesday, posting the strongest drop since Jan. 18, with most shares heading south in profit-taking amid downbeat global oil prices.Gainers outnumbered decliners by more than three to one, led by shares of food and real estate firms.Dairy products maker Vinamilk, the country's biggest company by market value, dropped 2.8 percent, followed by top property firm Vingroup, which tumbled 4.42 percent.Energy stocks also declined ...