07262016Tue
Last update: Tue, 26 Jul 2016 03pm

Asia

Markets - FXMM - Asia

Dollar edges down, sterling steadies after traumatic month TOKYO: The dollar took a breather in Asia on Thursday but remained near a 3-1/2-month high against a basket of currencies hit in the wake of Britain's stunning vote to exit from the European Union, while recently battered sterling crawled higher.The dollar index, which tracks the greenback against a basket of six major rivals, edged down 0.1 percent to 95.642 , on track for a monthly loss of 0.2 percent.It rose as high as 96.705 on Monday, when the pound plumbed 31-year lows after the results of the UK vote on Friday sent markets reeling.Sterling was up 0.3 percent at $1.3456, well above Monday's nadir of $1.3122 but still poised to lose more than 7 percent for the month.The euro was down 0.2 percent at 82.67 pence edging away from Monday's high of 83.80, which was its loftiest peak in over than two years."The odds may be against them but ...

Markets - FXMM - Asia

Oil prices fall as supply outlook improves SINGAPORE: Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50 per barrel as fears over strike outages in Norway faded and as Nigeria's production improved.International Brent crude oil futures were trading at $50.10 per barrel at 0126 GMT, down 51 cents, or 1 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude futures were down 38 cents, or 0.76 percent, at $49.50 a barrel.Traders said the lower ...

Markets - FXMM - Asia

South Korea won, stocks join global rally, recover losses from Brexit SEOUL: The South Korean won and shares rallied early on Thursday, clawing back more of the losses incurred in the Brexit vote fallout as a rise in US stocks and global oil prices broadly boosted riskier assets.The won stood at 1,152.5 as of 0212 GMT, up 0.7 percent compared with Wednesday's close of 1,160.2.The Korea Composite Stock Price Index (KOSPI) was up 0.4 percent at 1,964.62 points."Foreigners coming back in for local equities and exporters ...

Markets - FXMM - Asia

South Korean stocks, won rise on renewed risk demand SEOUL: South Korean shares and the won climbed on Wednesday as global markets calmed down after the shock Brexit vote, renewing investors' demands for riskier assets. The Korea Composite Stock Price Index (KOSPI) closed up 1.0 percent at 1,956.36 points, marking three consecutive days of gains. At one point, the index was up 1.5 percent.Offshore investors ended a three-day streak of net selling, purchasing 58.5 billion won ($50.43 million) worth of KOSPI shares for the ...

Markets - FXMM - Asia

Sri Lankan rupee forwards rise as foreign investors buy bonds COLOMBO: Sri Lankan rupee one-week forwards strengthened on Wednesday as foreign investors sold dollars to buy local bonds, while selling of the greenback by some exporters and banks also supported sentiment.Asian stock markets joined a global rebound as the immediate drag from the Brexit vote began to ebb and investors wagered central banks would ultimately ride to the rescue with more stimulus measures.One-week dollar/rupee forwards, which have been acting as a proxy for the spot ...

Markets - FXMM - Asia

Pound steady in Asia on hopes for stimulus TOKYO: The pound held steady Wednesday and demand for higher-yielding currencies picked up as traders considered a meeting of Japanese officials and the possibility of fresh stimulus to counter the impact of Britain's EU exit.In Tokyo, sterling bought $1.3328 slightly down from $1.3340 in New York where it had made gains after plunging to a 31-year-low $1.3121 earlier in the week.Japanese Prime Minister Shinzo Abe, Bank of Japan Governor Haruhiko Kuroda and Finance Minister Taro ...

Markets - FXMM - Asia

Sri Lankan rupee forwards rise as foreigners sell dollars to buy bonds COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Tuesday as foreign investors sold dollars to buy local bonds, while selling of the greenback by some exporters and banks also supported sentiment.World stocks rose for the first time in three days and sterling and the euro climbed, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.One-week dollar/rupee forwards, which have been acting ...