02072016Sun
Last update: Sun, 07 Feb 2016 01am

Australia

Markets - Equity - Australia

Australian shares open up 1.58pc SYDNEY: Australian stocks gained 1.58 percent at the open Thursday on the back of a surging Wall Street as fears over China gave way to bargain hunting.The benchmark S&P/ASX200 index was 81.8 points higher at 5,252.6 in early trade, following a strong rally on US markets after a top Federal Reserve official said the case for a September rate hike had weakened."There has been a degree of decoupling in recent days between China's equities... and global equities," ANZ Research said in a note."Equity markets are fighting back, but are not yet all that far off their lows."Volatility is now markedly higher and is likely to stay that way over the coming months as nervous traders react -- and overreact -- to news, particularly relating to the Fed and China."Among major Australian stocks, the Commonwealth Bank was up 1.56 percent at Aus$77.32 and fellow banking giant Westpac rose 1.92 percent to ...

Markets - Equity - Australia

Australia shares drop 1.0pc at open SYDNEY: Australian stocks slipped one percent at the open on Wednesday after a European and US market rally fizzled out on Wall Street.The benchmark S&P/ASX200 index was 51.4 points lower at 5,085.9 in early trade after rebounding on Tuesday.Australian stocks moved strongly into the black Tuesday, defying Monday's global sell-off as bargain hunters moved in, with the big banks leading the way.Investors in parts of Asia, Europe and Latin America took encouragement from the Chinese ...

Markets - Equity - Australia

Bargain-hunting sees Australian shares turn green SYDNEY: Australian stocks reversed their early losses to turn positive in morning trade Tuesday, defying a global sell-off as bargain hunters moved in with the big banks leading the way.The benchmark S&P/ASX200 index had slumped 70.4 points, or 1.41 percent, to 4,930.9 at the open, having lost 4.09 percent on Monday, and more heavy falls were expected. But by mid-morning the market had turned 1.52 percent higher at 5,077.5."It's not as bad as we were ...

Markets - Equity - Australia

Australian stocks close 4.09pc lower SYDNEY: Australian stocks slumped 4.09 percent on Monday to close at their lowest levels in two years, on the back of falling oil prices and growing fears of a slowdown in the Chinese economy.The benchmark S&P/ASX200 index ended 213.3 points lower at 5,001.3, mirroring a rout in equities across Asia with energy and financial stocks among the biggest losers in a sea of red."There are not any strong macro reasons for a rally yet. However, ...

Markets - Equity - Australia

Australia shares finish week at 8-month low as China worries deepen SYDNEY: Australian shares skidded to an eight-month low as investors sold off after a weak industry survey from China, which heightened concerns about Australia's biggest trading partner.The S&P/ASX 200 index dropped 74.0 points or 1.4 percent to 5,214.6 at the close of trade. The benchmark lost nearly 3 percent in the week.New Zealand's benchmark NZX 50 index added 8.7 points or 0.2 percent to finish the session at 5751.2, up 1 percent for the week.Copyright ...

Markets - Equity - Australia

Australia shares hit 2015 closing low on broad selloff SYDNEY: Australian shares posted their lowest close for 2015 on Thursday following a broad-based selloff sparked by worries about slowing Chinese economic growth and uncertainty about when the Federal Reserve will raise US interest rates.The S&P/ASX 200 index fell 1.7 percent, or 91.6 points, to 5,288.6 - the lowest closing level since mid-December.All the major banks and miners finished in the red. Commonwealth Bank led the big four lenders with a 2.7-percent fall. BHP Billiton ...

Markets - Equity - Australia

Australia shares end down on renewed China anxiety SYDNEY: Australian shares gave up early gains and tumbled on Tuesday, as banks and resources stocks fell after the yuan resumed its decline against the US dollar, reigniting fears that Beijing may be intent on a deeper devaluation of the currency.The S&P/ASX 200 index fell 1.2 percent, or 64.56 points, to 5,303.1 at the close of trade. The benchmark edged up 0.2 percent on Monday.It is on track for its worst monthly performance since May ...