07012016Fri
Last update: Fri, 01 Jul 2016 04am

Asia

Markets - Equity - Asia

Tokyo stocks close lower ahead of British EU vote TOKYO: Tokyo shares eased Wednesday after three straight days of gains, as investors nervously eye Britain's historic vote on its future in the European Union.Dealers shrugged off a rise on Wall Street, with many keeping to the sidelines ahead of Thursday's British referendum as those calling to stay in the EU warn over the negative impact of an exit.While bookmakers say there is an 80 percent chance the country will stick with the status quo, opinion polls predict a dead heat, with about 10 percent of voters yet to decide which way to go."What investors hate the most is uncertainty," said Chihiro Ohta, a senior strategist at SMBC Nikko Securities."Most are just waiting on the sidelines to see what happens," he told Bloomberg News.The benchmark Nikkei 225 index closed down 0.64 percent, or 103.39 points, to 16,065.72, while the Topix index of all first-section shares slipped 0.72 percent, or 9.29 ...

Markets - Equity - Asia

Sri Lankan shares fall after Moody's outlook revision; rates, outflows weigh COLOMBO: Sri Lankan shares fell on Tuesday for a second straight session, a day after Moody's revised down its outlook on the country's sovereign rating and as continued foreign outflows and rising interest rates weighed on investor sentiment.Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said.Moody's Investors Service on Monday changed Sri Lanka's outlook to negative from stable, citing further weakening in some fiscal metrics in an environment of ...

Markets - Equity - Asia

Asia shares rise, sterling stands tall ahead of Brexit vote TOKYO: Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in late afternoon trade, while spreadbetters predicted European markets would open mixed, with Britain's FTSE and France's CAC seen slightly down and Germany's DAX expected to edge up.Investors remain wary ahead ...

Markets - Equity - Asia

Hong Kong stocks extend rally, Shanghai dips HONG KONG: Hong Kong stocks extended their rally for a third straight session Tuesday on growing hopes Britain will vote to stay in the European Union in a knife-edge referendum this week.The Hang Seng Index gained 0.77 percent, or 158.24 points to close at 20,668.44.But the benchmark Shanghai Composite Index shed 0.35 percent, or 10.25 points, to 2,878.56. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.02 percent, or 19.41 points, ...

Markets - Equity - Asia

China stocks give up gains as investor sentiment remains weak SHANGHAI: China stocks surrendered initial gains and closed lower on Tuesday, a reflection of weak investor sentiment amid worries about the economy. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 percent, to 3,106.32, while the Shanghai Composite Index lost 0.4 percent, to 2,878.56 points.The indexes rose in the morning session, tracking global markets as expectations grew that British voters will opt to remain in the European Union in Thursday's ...

Markets - Equity - Asia

Tokyo shares end higher with Yellen remarks, Brexit in focus TOKYO: Tokyo shares rose for a third straight session on Tuesday, as investors look to Federal Reserve boss Janet Yellen's Congressional testimony and Britain's EU membership vote later this week.Yellen is scheduled to speak on monetary policy from Tuesday in a semiannual report to lawmakers, as markets try to gauge when the Fed will lift interest rates again.At the close, Tokyo's benchmark Nikkei 225 index was up 1.28 percent, or 203.81 points, at 16,169.11, while ...

Markets - Equity - Asia

Asia markets extend gains but Britain EU vote shreds nerves HONG KONG: Asian markets mostly rose again Tuesday on hopes Britain will choose to stay in the European Union, but traders are moving cautiously with the outcome on a knife-edge just days before voting.With a series of polls putting the "Leave" and "Remain" camps neck and neck ahead of Thursday's poll, two of the world's investment titans, Li Ka-shing and George Soros, warned an exit vote would spell economic doom for Britain.While stock traders built ...