08252016Thu
Last update: Thu, 25 Aug 2016 11pm

Asia

Markets - Equity - Asia

China stocks decline as hopes for policy easing fade BEIJING: China stocks slipped on Wednesday, pulled down by financial shares amid receding expectations of aggressive monetary easing, while property shares also declined. The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.4 percent, to 3,329.86 points. The Shanghai Composite Index lost 0.1 percent, to 3,085.88 points.China's central bank on Wednesday injected cash into money markets through 14-day reverse repurchase agreements for the first time since February, and traders said the prospect of more liquidity injections trimmed expectations of further aggressive monetary easing.The property shares finished lower with subindex losing 1.55 percent. China Vanke Co was among the top losers, which dropped 2.87 percent.The financial subindex was down 0.73 percent.Copyright Reuters, 2016 ...

Markets - Equity - Asia

Hong Kong stocks end morning in the red HONG KONG: Hong Kong stocks sank in the morning session Wednesday, with profit-takers moving in after recent gains, while energy firms again were dragged down by falling oil prices.The Hang Seng Index dropped 0.65 percent, or 150.55 points, to 22,848.38.The benchmark Shanghai Composite Index was flat, edging down 0.83 points to 3,088.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.40 percent, or 8.14 points, to 2,032.19.Copyright AFP (Agence France-Presse), ...

Markets - Equity - Asia

Automakers lead Tokyo stocks higher by close TOKYO: Tokyo stocks finished higher Wednesday with the market led by strong gains among automakers including Toyota and rival Nissan.Investors are now awaiting a speech by US central bank boss Janet Yellen at the Jackson Hole symposium of global central bankers Friday, hoping she will shine some more light on the direction of US monetary policy.The market won some support from forex trading, where the dollar rose to 100.38 yen from 100.23 yen Tuesday in ...

Markets - Equity - Asia

Sri Lankan stocks post 3-month closing high in high turnover COLOMBO: Sri Lankan shares ended marginally higher on Tuesday and posted their highest close in three months, led by financials while turnover hit a 4-1/2-month high on expectations of better economic performance after the government said it would achieve its revenue target for this year.Tax revenue in the first seven months jumped 23 percent to 769.8 billion rupees from a year earlier, and Finance Minister Ravi Karunanayake is optimistic about the full-year revenue target, his ...

Markets - Equity - Asia

Hong Kong shares end flat as oil sell-off hits energy plays HONG KONG: Hong Kong stocks ended flat on Tuesday after spending all day in negative territory, with energy firms again dragging the market down following another heavy sell-off in the oil market.The Hang Seng Index edged up 1.02 points to close at 22,998.93.The benchmark Shanghai Composite Index added 0.16 percent, or 4.90 points, to end at 3,089.71. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.27 percent, or 5.39 points, to ...

Markets - Equity - Asia

China stocks edge up as strength in transport shares offsets property decline SHANGHAI: China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling northeast rustbelt, offsetting falls in real estate stocks. The blue-chip CSI300 index rose 0.2 percent, to 3,341.83. The Shanghai Composite Index also gained 0.2 percent, to 3,089.71 points.China has rolled out a plan to revive its northeast rustbelt over the next three years, including 127 major investment projects.The government also ...

Markets - Equity - Asia

Hong Kong stocks down at lunch but Shanghai rises HONG KONG: Hong Kong stocks ended the morning session in negative territory Tuesday, in line with losses in New York and Europe, while investors await a key speech by Federal Reserve boss Janet Yellen at the end of the week.The Hang Seng Index fell 0.32 percent, or 73.41 points, to 22,924.50.But the benchmark Shanghai Composite Index rose 0.22 percent, or 6.69 points, to 3,091.50 and the Shenzhen Composite Index, which tracks stocks on China's second ...