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

Asia

Markets - Equity - Asia

Tokyo stocks at 10-month high on weaker yen TOKYO: Tokyo stocks rose to a 10-month high on Monday as the dollar soared against the yen on expectations the Federal Reserve will raise interest rates next month.The dollar broke above 111 yen for the first time in nearly six months as traders bet on a December rate rise and on further increases over the next year, to counter an expected surge in US spending and tax cuts under President Donald Trump.The weaker yen is a boon for Japan's exporters as it makes their goods cheaper overseas and boosts their repatriated profits.The benchmark Nikkei 225 index gained 0.77 percent, or 138.61 points, to 18,106.02, closing above the psychologically key 18,000 mark and at its best level since early January.The broader Topix index of all first-section issues was up 1.01 percent, or 14.47 points, at 1,442.93. The dollar bought 111.12 yen in Tokyo, up from 110.90 yen in New York on ...

Markets - Equity - Asia

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

Markets - Equity - Asia

Tokyo stocks up on weaker yen by break TOKYO: Tokyo stocks rose Monday morning to a 10-month high as the dollar soared against the yen on expectations the Federal Reserve will hike interest rates next month.The dollar broke above 111 yen for the first time since June as traders bet on a rate hike next month and further increases over the next year to counter an expected surge in US spending and tax cuts under a President Donald Trump.The weaker yen has proved ...

Markets - Equity - Asia

Hong Kong stocks up by break HONG KONG: Hong Kong stocks ended the morning on a high Monday, reversing early losses as bargain-buyers moved in after last week's sell-off.The Hang Seng index added 0.26 percent, or 57.46 points, to 22401.67 by the break.The benchmark Shanghai Composite Index rose 0.86 percent, or 27.41 points, to 3,220.27, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.31 percent, or 6.63 points, to 2,117.91.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Nikkei edges up, hovers at 10-1/2-month high as weak yen supports TOKYO: Japan's Nikkei rose on Monday morning, hovering at 10-1/2-month highs after the yen weakened further, but gains could be limited on investor caution after the market's recent sharp rally.The Nikkei share average rose 0.6 percent to 18,072.01 in mid-morning trade, to its highest since Jan. 7.The Nikkei has gained more than 11 percent since Donald Trump's victory in the U.S. presidential election on Nov. 8, as investors believe that his administration would embark on ...

Markets - Equity - Asia

London copper climbs with oil on reflation trade MELBOURNE: London copper rose on Monday, rebounding from a weekly decline last week, and other metals also gained as investors poured into the sector on the prospects for higher inflation in line with rising oil prices next year.The likelihood of rising U.S. interest rates, better than expected China consumption this year and smaller growth in mine supply for 2017 all played a part in improving the consensus views for copper's outlook, said analyst Dan Hynes ...

Markets - Equity - Asia

Asia shares shaky as Trump bets keep emerging markets pressured 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 emerging markets.MSCI's broadest dollar-based index of Asia-Pacific shares outside Japan dipped 0.1 percent, staying near four-month lows. In local currency terms, many markets are up slightly.Japan's Nikkei rose 0.5 percent to hit a 10-1/2-month high thanks to a weaker yen.Trump's ...