12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - FXMM - Asia

South Korea won, stocks slip as investors show little appetite for risk SEOUL: The South Korean won and shares eased early on Thursday as strong greenback dampened investor appetites for riskier assets.The won stood at 1,174.1 as of 0314 GMT, down 0.4 percent compared to the previous close of 1,169.2.The Korea Composite Stock Price Index (KOSPI) was down 0.1 percent at 1,977.67 points."The won is under pressure mainly due to the dollar's strength," said Ha Keon-hyeong, an analyst at Shinhan Investment Corp. "No other decisive factors are seen in the market at the moment."Offshore investors were poised to be sellers, offloading a net 15.8 billion won ($13.47 million) worth of KOSPI shares near mid-session, weighing on the index.Steelmaker Posco rose 1.6 percent and SK Hynix Inc lost 1.3 percent.Decliners outnumbered advancers 475 to 317.December futures on three-year treasury bonds gained 0.07 point to 109.34.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

China's yuan firms despite 10th straight weaker midpoint  HONG KONG: China's yuan firmed against the US dollar on Thursday even as the People's Bank of China set a weaker midpoint for the 10th consecutive day.Traders said large Chinese banks had offered dollars in the market in an apparent effort to ensure the yuan does not depreciate too quickly.The People's Bank of China set the midpoint rate at 6.8692 per dollar prior to market open, weaker than the previous fix 6.8592.The spot market opened ...

Markets - FXMM - Asia

Ringgit leads Asia FX losses on Malaysian capital control fears SINGAPORE: The Malaysian ringgit hit a 10-month low on Thursday with increasing fears of capital controls, while most other emerging Asian currencies eased ahead of US Federal Reserve Chair Janet Yellen's testimony later in the day.China's yuan bucked the trend in regional currencies despite a weaker central bank guidance rate as large local banks bought the currency in an apparent effort to curb its slump.Spot ringgit lost 0.9 percent to 4.3850 per dollar, its weakest ...

Markets - FXMM - Asia

Dollar stays near 13-1/2 year peak; BOJ bond operation weighs on yen SINGAPORE/TOKYO: The dollar caught its breath on Thursday, after charging to a 13-1/2 year high against a basket of currencies on bets the Trump administration will adopt inflationary policies, while the yen sagged after a Bank of Japan bond-buying operation.The dollar index, which tracks the greenback against six major rival currencies, eased 0.1 percent to 100.32, after climbing as high as 100.57 on Wednesday, its loftiest peak since April 2003.The yen retreated from its intraday ...

Markets - FXMM - Asia

Sri Lankan rupee slips on capital outflow fears; state bank dollar sales cap fall COLOMBO: The Sri Lankan rupee edged lower on Thursday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher U.S. interest rates and a strong dollar, but the rupee's fall was capped by a state bank's dollar sales.The U.S. dollar index, which measures the greenback's strength against a basket of major currencies, touched a near 14-year high on Wednesday.Rupee forwards were active, with spot-next forwards trading at 148.80/90 per ...

Markets - FXMM - Asia

Dollar slips off 11-month high; eyes on Trump, US yields TOKYO/SINGAPORE: The dollar retreated from an 11-month high against a basket of currencies on Wednesday, taking a breather from a week-long rally driven by a rise in US bond yields after Donald Trump won the presidential election.The dollar index slipped about 0.2 percent to 99.989, easing from Tuesday's high of 100.26, the strongest level since last December. A move above 100.51 would take the index to its highest since April 2003.With its rise on Tuesday, ...

Markets - FXMM - Asia

Trade mixed despite dollar retreat; yuan hits 8-year low SINGAPORE: Emerging Asian currencies were mixed on Wednesday as sentiment towards regional units stayed bearish on rising expectations of a US interest rate hike in a month's time.The recent rout in global bond markets and the dollar rally took more of a back seat.The Chinese yuan once again hit an eight-year low as the central bank set a weaker daily guidance rate.Malaysia's ringgit touched a 10-month trough on hedging-related dollar demand among foreign investors as ...