01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Asia

Markets - Equity - Asia

Tokyo stocks snap nine-day winning streak, Nintendo tumbles TOKYO: Tokyo's benchmark index on Monday snapped a nine-day winning streak as the yen's uptick hit exporters while Nintendo tumbled seven percent with investors underwhelmed by its latest mobile game.Shares were hit by profit taking and a stronger yen on concerns about China-US tensions after Beijing seized a US Navy drone in international waters in the South China Sea.The tensions pushed traders into the Japanese unit, which is seen as a safe-haven investment in times of turmoil.A stronger yen hurts the profitability of Japan's major exporters, hitting demand for their shares.The dollar fell to 117.31 yen in Tokyo, well down from levels above 118 yen seen at the end of last week.Investors are also watching a two-day Bank of Japan policy meeting starting Monday, though market consensus is there will be no change to policy. "The speed of the yen's fall has been too fast since the currency surpassed the ...

Markets - Equity - Asia

Dollar weakens after rally as Asia markets struggle HONG KONG: The dollar retreated against most major peers in Asian trade on Monday as investors cashed in after a Federal Reserve-fuelled surge last week, while equities were also lower on concerns about China-US tensions.The losses tracked a decline on Wall Street after it emerged China had seized an unmanned US sea survey probe from international waters in the South China Sea.Thursday's move raised geopolitical concerns as Donald Trump prepares to enter the White House, ...

Markets - Equity - Asia

Nikkei snaps 9-day rally, exporters and banks take breather; BOJ in focus TOKYO: Japanese stocks fell on Monday morning, snapping a nine-day rally as a pullback on Wall Street prompted investors to cash in on outperformers such as exporters and banks.The Nikkei share average shed 0.3 percent to 19,347.62 in midmorning trade after soaring 6.2 percent in the past nine days, mainly supported by a weak yen as the dollar rose broadly on expectations of a faster pace of U.S. interest rate hikes next year.The Bank of ...

Markets - Equity - Asia

Asia stocks find relief as China set to return seized US drone TOKYO: Asian shares steadied near four-week lows on Monday after China agreed to return the U.S. drone it had seized, easing worries for now about possible deterioration in diplomatic relations.But with expectations of U.S. President-elect Donald Trump's policies lifting U.S. interest rates and the dollar, shares in many emerging markets are likely to remain vulnerable to possible capital outflows.MSCI's broadest index of Asia-Pacific shares outside Japan hit a four-week low and last stood down 0.1 ...

Markets - Equity - Asia

China stocks fall after Beijing's neutral policy signal; HK also down SHANGHAI: China stocks dipped on Monday morning as risk appetite was curbed by persistent signs of liquidity stress in the banking system, as well as Beijing's vow to contain asset bubbles next year by keeping monetary policy "prudent and neutral."The bearish sentiment spilled over to Hong Kong, where main indexes were already under pressure from a sluggish insurance sector amid media reports of fresh curbs on insurance purchases by mainlanders.The blue-chip CSI300 index fell 0.2 ...

Markets - Equity - Asia

Sri Lankan rupee closes steady; state-controlled bank sells dollars COLOMBO: The Sri Lankan rupee came off early falls to close almost steady on Friday as a state-controlled bank sold dollars, dealers said. The rupee is still under pressure as banks bought the greenback after the central bank raised the spot reference rate on Thursday and the US Federal Reserve on Wednesday signalled a faster pace of rate hikes next year, said dealers. Global financial markets have been choppy since the Fed projected three more ...

Markets - Equity - Asia

Hong Kong stocks end week with fresh loss HONG KONG: Hong Kong stocks ended a tough week with another loss Friday as investors fret over the prospect of another three US interest rate hikes following the Federal Reserve's move this week.The Hang Seng Index fell 0.18 percent, or 38.65 points, to 22,020.75 at the close. It sank more than three percent this week.The benchmark Shanghai Composite Index climbed 0.17 percent, or 5.30 points, to 3,122.98, although it lost 3.40 percent for the week.The ...