01182017Wed
Last update: Wed, 18 Jan 2017 10am

Asia

Markets - Equity - Asia

Tokyo stocks snap three-day losing streak TOKYO: Tokyo shares snapped three days of losses on Wednesday as exporters got a boost from a drop in the yen while investors eye US President-elect Donald Trump's first formal news conference.The previously scheduled briefing comes just as US spy chiefs have reportedly told Trump that Russian operatives claim to possess deeply compromising personal and financial information about him.The tycoon dismissed a CNN story on the issue as a "political witch hunt"."There's still buying appetite from individual investors who were unable to get on the recent rally," said Hiroyasu Iida, head of the investment research centre at Aizawa Securities.But "it's difficult to take on a lot of risk before ...Trump's speech" later Wednesday, he told Bloomberg News.In Tokyo, the benchmark Nikkei 225 index gained 0.33 percent, or 63.23 points, to end at 19,364.67, while the broader Topix index of all first-section issues rose 0.52 percent, or 8.09 points, to 1,550.40.In ...

Markets - Equity - Asia

Japanese stocks decline as yen strengthens, Trump speech awaited TOKYO: Japan's Nikkei share average fell on Tuesday with a strengthening yen weighing on exporter shares, although hopes that US President-elect Donald Trump would provide hints about stimulus at an upcoming speech helped curb the losses. Trump, who takes office on Jan. 20, is scheduled to hold a news conference on Wednesday that will be his first since winning the election in November.The Nikkei dropped 0.8 percent to 19,301.44. The broader Topix was down 0.7 ...

Markets - Equity - Asia

Sri Lankan shares rise on bargain hunting, snap 5-day losing streak COLOMBO: Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares.Foreign investors turned net buyers on Friday after offloading shares for five straight sessions. The bourse hit a nine-month low on Thursday as foreign investors sold close to one billion rupees worth of stocks in the first four sessions of 2017 amid worries over a ...

Markets - Equity - Asia

Nikkei slips as Toyota reels from Trump threat, Fast Retailing fall TOKYO: Japan's Nikkei share average dropped on Friday as automakers dragged after incoming U.S President Donald Trump threatened to slap punitive taxes on Toyota cars imported into the United States from Mexico, while Fast Retailing weighed on the market. The Nikkei fell 0.3 percent to 19,454.33. For the week, it was up 1.8 percent.Fast Retailing Co dived 6.7 percent and contributed a hefty negative 109 points to the benchmark index after saying that same-store sales ...

Markets - Equity - Asia

S.Korean stocks end firmer, won retreats; both post weekly gains SEOUL: South Korean shares ended higher on Friday, led by market heavyweight Samsung Electronics after it released surprisingly positive earnings guidance earlier in the session. The Korea Composite Stock Price Index (KOSPI) closed 0.4 percent higher at 2,049.12. It gained 1.1 percent on the week.Foreign investors net bought shares for the eighth consecutive session. They bought a net 171 billion won ($143.47 million) worth equities on Friday.The South Korean won slipped after seeing sharp gains ...

Markets - Equity - Asia

China stocks end flat, yuan rebound grabs the spotlight SHANGHAI: China's main indexes barely changed on Thursday after a three-session winning streak, with investor attention largely diverted by a dramatic rebound in the offshore yuan. The blue-chip CSI300 index was flat at 3,367.79 points, while the Shanghai Composite Index gained 0.2 percent to 3,165.41 points.Investors' were muted in their response towards a private survey showing that growth in China's services sector accelerated to a 17-month high in December.Attention was squarely on the Chinese currency, ...

Markets - Equity - Asia

Takata shares continue rally on hopes of US settlement TOKYO: Struggling auto parts maker Takata surged again Thursday, the latest in a series of gains that have seen the value of its shares double since news broke last week of an expected settlement over a US criminal probe.The Japanese auto parts supplier could reach a final agreement with the US Department of Justice before President-elect Donald Trump assumes office January 20, sources familiar with the matter told AFP last week.At one point, Takata shares ...