07252016Mon
Last update: Mon, 25 Jul 2016 05am

Asia

Markets - FXMM - Asia

Sri Lankan shares snap nine sessions of falls on bargain hunting COLOMBO: Sri Lankan shares rose for the first time in 10 sessions on Friday as investors bought beaten-down equities. The benchmark Colombo stock index ended 0.06 percent firmer at 6,287.09, after shedding 2.83 percent in the nine sessions through Thursday. It lost 1.3 percent this week, its third straight weekly fall. "We saw some bargain hunting in the market. It's a fresh month and investors were on the buying side after the margin covering at the end of the month," said a stockbroker asking not to be identified. "The market is not very strong, not very week either. It is holding on."The stock index hit a near five-month low on Thursday, as comments from a minister earlier this week on the imposition of capital gains tax on equities, continued to dampen sentiment which was already hit by high interest rates and policy uncertainty.Sri Lanka will impose a capital gains tax ...

Markets - FXMM - Asia

Sri Lanka 1 week rupee forwards edge down on importer demand COLOMBO: Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of Ramadan while nervous investors awaited the appointment of a new central bank governor, dealers said.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.40/60 per dollar, weaker than Thursday's close of 146.00/30."The importer (dollar) demand was there, but there was some inward remittances from the Middle East ...

Markets - FXMM - Asia

Pound recovers in Asia after falling on rate cut talk TOKYO: The pound edged up on Friday after tumbling in US trade following hints from the head of the Bank of England that it was ready to cut interest rates to stem fallout from Britain's decision to quit the European Union.A week after the unexpected Brexit vote, Mark Carney sought to reassure anxious investors that Threadneedle Street would step into financial markets."The economic outlook has deteriorated and some monetary policy easing will likely be required ...

Markets - FXMM - Asia

Sri Lankan rupee 1 week forwards rise on bank dollar sales COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Thursday as a state-run bank sold dollars after the central bank intervened to lift the rupee, while dollar selling by a few exporters also helped the currency gain, dealers said.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.00/30 per dollar, firmer than Wednesday's close of 146.60/80."Rupee ended firmer after a state bank sold dollars. It looks like the ...

Markets - FXMM - Asia

Asia FX up in June as global easing hopes temper Brexit shock SINGAPORE: Most emerging Asian currencies rose on Thursday and were set to enjoy monthly gains as sentiment improved on hopes policy makers would step up stimulus efforts to weather any negative economic impact from Britain's messy EU divorce.China's yuan, however, headed for a third month of losses. Mid-year corporate dollar demand for merger and acquisition stayed strong, while the central bank appeared to hold off from intervening to support the renminbi, traders said.The South Korean ...

Markets - FXMM - Asia

South Korean won, stocks end up on global risk rally SEOUL: The South Korean won and shares strengthened on Thursday, as Wall Street and global oil prices rose to help boost investor appetite for riskier assets.The won was quoted at 1,151.8 to the dollar at the conclusion of onshore trade, up 0.7 percent compared with Wednesday's close of 1,160.2.The currency was around 3.5 percent stronger against the dollar on a monthly basis, while marking a slight loss for the quarter.South Korean shares were also largely ...

Markets - FXMM - Asia

Sri Lankan rupee 1-week forwards rise on bank dollar sales; stocks up  COLOMBO: Sri Lankan rupee one-week forwards rose on Thursday as a state-run bank sold dollars after the central bank intervened to lift the rupee, while dollar selling by a few exporters also helped the currency gain, dealers said.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, were at 146.40/50 per dollar at 0527 GMT, firmer than Wednesday's close of 146.60/80."A state bank is selling dollars. It looks like the central ...