04292016Fri
Last update: Fri, 29 Apr 2016 07pm

Asia

Markets - Equity - Asia

Tokyo shares dive 3.4pc on Japan quake, failed oil deal TOKYO; Tokyo stocks slumped Monday after deadly earthquakes brought factories in southern Japan to a grinding halt, while energy shares took a hit after weekend talks to freeze crude output failed.Toyota and Sony both lost more than four percent as their production lines on Japan's southwestern island of Kyushu remained offline in the wake of the powerful quakes that killed 42 people.Tokyo's benchmark Nikkei 225 index dived 3.40 percent, or 572.08 points, to end the day at 16,275.95 -- falling for a second straight session.The Topix index of all first-section shares dropped 3.03 percent, or 41.25 points, to 1,320.15.Energy companies suffered heavy selling after talks between major oil producing countries to cap output collapsed over the weekend, sending crude prices tumbling. Despite a glut of world supplies that has pressured prices for almost two years, top producer Saudi Arabia refused to agree any freeze that did not cover its rival ...

Markets - Equity - Asia

China shares end lower as oil price drop rattles confidence SHANGHAI: China stocks tracked regional markets lower on Monday, as a tumble in crude oil prices hit investor confidence. Concerns that the market's seven-week rebound may not be sustainable, as China's economic recovery remains fragile, also dampened sentiment. The blue-chip CSI300 index fell 1.3 percent, to 3,228.45, while the Shanghai Composite Index lost 1.4 percent, to 3,033.66 points. "Fundamentals can improve in the near term before peaking. But the rally is now stretched, and risks ...

Markets - Equity - Asia

Tokyo shares dive 3.4pc on Japan quake, failed oil deal TOKYO: Tokyo stocks slumped Monday after deadly earthquakes brought factories in southern Japan to a grinding halt, while plunging oil prices hit energy shares after weekend talks to freeze crude output failed. The benchmark Nikkei 225 index dived 3.40 percent, or 572.08 points, to 16,275.95, while the Topix index of all first-section shares dropped 3.03 percent, or 41.25 points, to 1,320.15.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks slump more than 3pc at open TOKYO: Tokyo stocks slumped at the start of trade Monday as a stronger yen and a powerful weekend earthquake hurt exporters and crude prices tumbled after the world's top oil producers failed to reach an agreement on capping output.Shares in major manufacturers were off sharply after market sentiment was bruised following the deadly quake in Japan's southwest, with Toyota and Honda Motor down more than four percent.About an hour after the opening bell, Tokyo's benchmark ...

Markets - Equity - Asia

Asia energy firms sink with oil as Doha output talks fail HONG KONG: Oil prices plunged in Asia Monday, sending energy firms tumbling after the collapse of talks among the world's top oil producers to cap output and ease a global supply glut.Hopes that the long-anticipated talks in Doha on Sunday would see the world's biggest producers agree to a freeze had helped the black gold climb to 2016 highs last week, having approached 13-year lows just months ago.However, Saudi Arabia's decision to walk away owing ...

Markets - Equity - Asia

Vietnam index edges up, posts second straight weekly gain HANOI: Vietnam's benchmark VN Index closed up 0.06 percent on Friday, posting a second consecutive weekly rise, with gains in food and banking shares offseting losses in property stocks.Dairy products maker Vinamilk, the country's biggest firm by market value, led the market with a 0.7 percent gain. Four of the country's six listed lenders also advanced, including Vietcombank, which rose 0.47 percent.The real estate sector was the worst performer with top property and retail firm ...

Markets - Equity - Asia

Tokyo stocks fall after powerful quake TOKYO: Tokyo stocks slipped on Friday, breaking a three-session winning streak as investors weighed the impact of a deadly quake that hit Japan's southwestern island of Kyushu.The benchmark Nikkei 225 index at the Tokyo Stock Exchange lost 0.37 percent, or 63.02 points, to close at 16,848.03.The broader Topix index of all first-section shares eased 0.73 percent, or 9.95 points, to 1,361.40.Copyright AFP (Agence France-Presse), 2016 ...