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

Asia

Markets - FXMM - Asia

South Korean won, stocks end flat; Fed outcome in spotlight SEOUL: The South Korean won finished nearly unchanged on Wednesday in a subdued session as the investors waited for the US Federal Reserve's policy decision. The won was quoted at 1,134.2 to the dollar at the conclusion of onshore trade, up 0.1 percent compared to Tuesday's close of 1,134.9.South Korean shares ended slightly lower though offshore investors supported the main board by stretching their buying spree into a 15th straight day.The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 2,025.05 points.Foreign investors bought a net 243.9 billion won ($215.20 million) worth of KOSPI shares for the day.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

Yen dives on report Japan set to unveil huge stimulus TOKYO: The yen fell sharply Wednesday in response to a report that Japan's government will unveil a massive 27 trillion yen stimulus package to boost the stumbling economy.The dollar jumped as high as 106.54 yen from around 105.01 yen in the morning and 104.64 yen in New York, after Fuji Television said Prime Minister Shinzo Abe will announce details of the package Wednesday afternoon.The euro jumped to 117.15 yen, from below 115 yen in US ...

Markets - FXMM - Asia

Sri Lankan rupee ends up on bank dollar sales COLOMBO: The Sri Lankan rupee ended firmer on Tuesday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers said.One-week rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.10/30 per dollar compared with Monday's close of 146.20/40.The spot rupee is tightly managed by the central bank, and market participants use the forward market levels for guidance on the currency."There was selling by a state ...

Markets - FXMM - Asia

Sri Lankan rupee ends steady on bank dollar sales; importer demand weighs COLOMBO: The Sri Lankan rupee closed steady on Monday as late importer demand for the greenback offset dollar selling by a state-run bank in early trade, dealers said.One-week rupee forwards, which have been acting as a proxy for the spot rupee, ended steady at 146.20/40 per dollar.The spot rupee is tightly managed by the central bank, and market participants use the forward market levels for guidance on the currency."The importer demand (for dollars) was there ...

Markets - FXMM - Asia

S.Korean won ends lower on firm dollar; shares edge up SEOUL: The South Korean won ended lower on Monday as a string of solid economic data buoyed the US dollar, but losses were capped by exporters' dollar-selling. The won was quoted at 1,137.0 to the dollar at the conclusion of onshore trade, down 0.2 percent compared to Friday's close of 1,134.4.South Korean shares snapped four straight losing sessions, but only barely.The Korea Composite Stock Price Index (KOSPI) closed up 0.1 percent at 2,012.32 points.Foreign investors ...

Markets - FXMM - Asia

Sri Lankan rupee edges up on bank dollar sales; stocks slip COLOMBO: The Sri Lankan rupee edged up on Monday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers said. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 146.05/20 per dollar at 0623 GMT, compared with Friday's close of 146.20/40."The importer demand (for dollars) is there but a state bank is selling dollars," said a currency dealer, asking not to be named.Central bank ...

Markets - FXMM - Asia

Stimulus speculation drags on yen TOKYO: The yen slipped Monday on mounting speculation that the Bank of Japan will ramp up its stimulus programme after this week's policy meeting, while US Federal Reserve prepares for its own gathering.The meetings are the first since last month's vote in Britain leave the European Union, which caused central bankers around the world to promise fresh stimulus to negate any possible negative impact.More than three-quarters of economists polled by Bloomberg News said they expect ...