06292016Wed
Last update: Wed, 29 Jun 2016 11pm

Asia

Markets - Equity - Asia

Sri Lanka shares end down; capital gains tax, Brexit weigh COLOMBO: Sri Lankan shares ended weaker on Tuesday, falling for the seventh straight session, as comments from a senior minister on the imposition of capital gains tax on equities dented sentiment while fresh woes after Brexit also weighed. Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as the government attempts to shore up its finances to qualify for an IMF loan. The benchmark Colombo stock index ended 0.17 percent down at 6,307.40, after having risen early in the session. "Market was gaining momentum after yesterday's drop. But once the news of capital gains tax on stocks broke, the index started to fall," said a stockbroker, asking not to be identified. Brokers said global uncertainty after Britain's decision to leave the EU also weighed on the local market with continued foreign selling. Overseas funds offloaded 9.7 million rupees ...

Markets - Equity - Asia

Asian stocks mostly climb on post-Brexit stimulus hopes HONG KONG: Asia led a bounce in world markets Tuesday while the pound rose as traders began betting on a fresh round of stimulus to mitigate the effects of Britain's shock decision to leave the EU.Regional markets mostly closed higher after beginning the day deep in the red, as uncertainty over the vote -- which many fear could precipitate the end of the United Kingdom and even the European Union -- revived selling after Monday's ...

Markets - Equity - Asia

Hong Kong shares end lower as Brexit woes persist HONG KONG: Hong Kong stocks ended slightly lower Tuesday, unable to match an Asian rebound from last week's Brexit-fuelled selloff because of its exposure to Europe-linked companies.The Hang Seng Index shed 0.27 percent, or 54.84 points, to close at 20,172.46.But the benchmark Shanghai Composite Index added 0.58 percent, or 16.86 points, to 2,912.56. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.22 percent, or 23.68 points, to 1,970.38.Copyright AFP (Agence France-Presse), ...

Markets - Equity - Asia

Tokyo's Nikkei rises on stimulus speculation after Brexit TOKYO: Tokyo's benchmark Nikkei stock index rose Tuesday as speculation about a fresh round of economic stimulus to offset the effects of Britain's European Union exit reversed big morning losses.After a surprise rebound Monday from last week's mauling, the Nikkei resumed its sell-off at the opening bell, falling two percent at one point -- tracking sharp falls in New York and Europe.But the tide turned on reports that Prime Minister Shinzo Abe is being urged ...

Markets - Equity - Asia

Sri Lanka shares down for sixth session; Brexit woes weigh COLOMBO: Sri Lankan shares fell for a sixth straight session on Monday as investors turned cautious after the UK last week voted to leave the European Union.The benchmark Colombo stock index ended down 0.81 percent at 6,318.21, its lowest close since April 11.Sterling fell more than 2 percent, the euro took a hammering and stocks dropped again on Monday as Brexit drove investors to seek safety in the yen, gold and low-risk government debt."Market is ...

Markets - Equity - Asia

China stocks rebound, shrug off Brexit impact SHANGHAI: China stocks rebounded more than 1 percent on Monday, led by small-caps, as investors shrugged off Britain's decision to leave the European Union.The Chinese market had a small fall on Friday after Brexit, but on Monday, main indexes climbed steadily after a weak opening.The blue-chip CSI300 index rose 1.4 percent, to 3,120.54, while the Shanghai Composite Index gained 1.5 percent, to 2,895.70 points."Brexit's direct impact to China is limited, as China's capital market is ...

Markets - Equity - Asia

Sri Lankan rupee forwards down on stronger dollar as Brexit weighs  COLOMBO: Sri Lankan rupee one-week forwards fell on Monday as a strong dollar after Britons voted to leave the European Union hit importers, but sale of the US currency by a state bank capped losses, dealers said.Sterling stayed under siege on Monday, holding above a 31-year low against the dollar, with sentiment distinctly sour after Britain opted to exit the European Union, triggering shockwaves across global markets.The dollar index, which tracks the greenback against six ...