05252016Wed
Last update: Wed, 25 May 2016 06am

Asia

Markets - Equity - Asia

Asia stocks rise, Tokyo boosted by weak yen HONG KONG: Tokyo led Asian markets higher Tuesday as exporters were lifted by a weakening yen, while tighter Chinese inflation data also provided some cheer.However, gains were tempered by losses in energy firms after a slump in crude prices as the wildfires sweeping Canada's oil-sands region abated.Japanese stocks advanced for a second day as the dollar made up more ground against the yen after Friday's US jobs report provided hope for the economy but was weak enough to suggest any Federal Reserve interest rate hike would be gradual.Japanese officials continued to try to talk down the currency, with finance minister Taro Aso repeating warnings about possible intervention. The Nikkei index closed 2.2 percent higher while the dollar climbed to 108.93 yen, up from 108.34 yen in New York and sharply higher than the 105.50 yen troughs touched last Tuesday.Toshihiko Matsuno, chief strategist at SMBC Friend Securities, told Bloomberg News: "We're ...

Markets - Equity - Asia

China stocks close up marginally, policy uncertainty weighs SHANGHAI: Chinese stocks eked out a small gain on Tuesday but the market struggled to find direction, bouncing between positive and negative territory all day. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent to 3,069.11 points, while the Shanghai Composite Index was little changed at 2,832.59.Analysts said recent commentaries in official media were weighing on market sentiment.A Monday article in the People's Daily newspaper, regarded as the Communist ...

Markets - Equity - Asia

Shanghai stocks end morning higher HONG KONG: Shanghai stocks ended the morning in positive territory after two days of sharp losses and a positive April inflation reading.The benchmark Shanghai Composite Index edged up 0.19 percent, or 5.47 points, to 2,837.58 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.25 percent, or 4.56 points, to 1,808.90.But the Hang Seng Index in Hong Kong dipped marginally, giving up 10.65 points to 20,146.16.-AFPCopyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Asia

Tokyo stocks gain on weaker yen, oil prices TOKYO: Tokyo stocks jumped on Tuesday as a weaker yen brightened the outlook for exporters' profits while a slide in oil prices lifted airline shares.The gains came after bargain-hunting investors on Monday pushed the Japanese market into the black after six straight losing sessions."I expect investors to keep buying back," Toshihiko Matsuno, chief strategist at SMBC Friend Securities, told Bloomberg News."We're more likely to see a weakening yen this week. Earnings aren't as bad as ...

Markets - Equity - Asia

Vietnam shares snap four-session winning streak HANOI: Vietnam's benchmark VN Index dropped 0.4 percent on Monday, snapping a four-session winning streak, with most shares heading south in robust trade.Losers outnumbered gainers by over two to one. Insurer BaoViet Holdings led the fall with a drop of 4.2 percent after rallying 22 percent last month. Top lender Vietcombank declined 1.2 percent.Dairy product maker Vinamilk, the country's biggest firm by capitalisation, rose 1.4 percent ahead of a shareholder meeting next week, while PetroVietnam ...

Markets - Equity - Asia

Sri Lankan shares post near 4-month closing high COLOMBO: Sri Lankan shares edged up on Monday and hit their highest close in about four months, led by beverage and diversified stocks amid foreign investors' buying.However, the gains were capped as investors were worried that the island government's move to increase the value added tax (VAT) and impose new taxes effective from May 2 would hit the bottom lines of companies. The benchmark stock index rose 0.04 percent to 6,594.80, its highest closing level ...

Markets - Equity - Asia

Tokyo shares close higher after six straight losses TOKYO: Tokyo stocks closed higher Monday, rebounding from six consecutive losing sessions as investors returned to the market following public holidays in Japan.The benchmark Nikkei 225 index gained 0.68 percent, or 109.31 points, to end at 16,216.03, while the Topix index of all first-section shares rose 0.64 percent, or 8.34 points, to 1,306.66.Copyright AFP (Agence France-Presse), 2016 ...