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Most Asian markets lifted by recovery optimism

Better access for more countries to the drugs would help allow them to reopen their economies sooner and help the global recovery effort.

Published 06 May, 2021 11:24am

Markets

Asian markets drop with Fed, earnings and Biden in focus

But Asia struggled to follow suit with most markets swinging in and out of positive territory. Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Manila were all in the red but Singapore and Jakarta edged up.

Published 27 Apr, 2021 10:30am

Markets

Hong Kong stocks up at lunch

The Hang Seng Index added 0.08 percent, or 23.35 points, to 29,102.10.

Published 26 Apr, 2021 10:21am

Markets

Asian markets mixed; Indonesia c.bank meeting eyed

Elsewhere, the Taiwanese dollar strengthened and equities rose after the island nation's central bank said it may hike its annual growth forecast.

Published 19 Apr, 2021 11:45am

Markets

Asian markets mixed as traders stuggle to build on rally

Shanghai and Hong Kong led losses in Asia, while Sydney, Manila and Wellington were also in the red.

Published 15 Apr, 2021 11:02am

Markets

Philippine stocks weighed down by virus surge; US inflation data awaited

Central banks in both countries are expected to keep rates unchanged this week.

Published 13 Apr, 2021 12:36pm

Markets

Asian markets mostly up ahead of US inflation, earnings

"Successive waves of the virus have had less impact on real economic activity as both have adapted to sometimes rapidly changing circumstances."

Published 13 Apr, 2021 10:27am

Markets

Asian markets retreat as traders await earnings season

Eyes will be on the release of consumer price data this week, after figures Friday showed the producer price index last month came in above forecasts and hit its highest level in almost a decade.

Updated 12 Apr, 2021 04:57pm

Markets

Iron ore slips as China steel prices fall, but set for weekly gains

"The fundamentals are still positive for steel prices," Sinosteel Futures analysts said in a note, citing robust downstream domestic demand.

Published 09 Apr, 2021 11:19am

World

World food price index rises in March for 10th month running

Above-average outputs were also expected for maize, with a record harvest forecast for Brazil and a multi-year high predicted for South Africa.

Published 08 Apr, 2021 02:12pm

Markets

Asian markets rally after Wall St record

"Vaccine rollouts remain the game's name and drive the narrative, even with the EU lagging, as investors view this delay in the context that the catch-up is but a function of time," he said.

Published 02 Apr, 2021 09:22am

Business & Finance

Asia's factory recovery picks up but cost pressures grow

Some analysts also warned that lockdowns in Europe and supply constraints, such as chip shortages that are disrupting automobile production, could weigh on factory activity in countries like Taiwan and South Korea.

Published 01 Apr, 2021 11:03am

Markets

Japan buyers agree to pay Q2 aluminium premiums of $148-149/T

The April-June premiums are the highest since the same quarter in 2015. In January to March, the premium was $130 per tonne. This is a third consecutive quarterly rise in premiums.

Published 31 Mar, 2021 02:16pm

Markets

European equities ahead at open

Investor sentiment was also soothed by falling oil prices following news of progress in shifting a giant cargo ship blocking the Suez Canal.

Published 29 Mar, 2021 01:10pm

World

Stranded Suez Canal ship re-floated, undergoing checks: sources

The 400-metre (430-yard) long Ever Given has been straightened in the canal and will undergo initial inspections before being moved, two sources said.

Updated 30 Mar, 2021 03:27am

Markets

Asian markets build on Wall St lead after US jobs data

"There was no specific news behind the sharp drop in oil," said Axi's Stephen Innes.

Published 26 Mar, 2021 09:43am

Markets

Most Asian currencies weaken as Turkish lira's slide weighs on risk sentiment

Equities presented a mixed front. Indonesian and Thai shares fell 0.6% and 0.3% respectively, while Singapore and Taiwan climbed 0.4% each.

Published 22 Mar, 2021 11:14am

World

UK looks to Asia in foreign policy overhaul

LONDON: Britain unveiled plans Tuesday to pivot its strategic focus towards Asia, counter Russian threats and ...

Updated 17 Mar, 2021 09:44am

Business & Finance

Pakistan among largest major arms importer in Asia: SIPRI

Pakistan was also among the largest recepient of Chinese arms, revealed the report. The exports by China, the world’s fifth largest arms exporter in 2016–20.

Updated 15 Mar, 2021 04:08pm

World

Myanmar security forces surround striking rail workers; U.N. fails to condemn coup

Myanmar security forces surrounded the staff compound of striking railway workers opposed to the military junta on Wednesday as ousted lawmakers appointed an acting vice president to take over the duties of detained politicians.
In New York, the U.N. Security Council failed to agree on a statement that would have condemned the coup in Myanmar, called for restraint by the military and threatened to consider “further measures.”

Published 10 Mar, 2021 01:05pm

World

In message to China, Biden to meet Australia, India, Japan PMs

Both Psaki and India, which earlier announced the participation of Prime Minister Narendra Modi, said that the talks would take up climate change and the Covid-19 pandemic -- two key priorities for Biden.

Published 10 Mar, 2021 10:11am

Markets

Asia markets swing as rate hike fears offset reflation trade

European indexes enjoyed a much-needed blast upwards -- led by a record close in Frankfurt -- after EU leaders pledged to double vaccine deliveries to 300 million doses between April and June, having been too slow out of the blocks in its immunisation programme.

Published 09 Mar, 2021 11:34am

Markets

As Asia LNG price retreats, China storage looms as key issue: Russell

The first is that a spike in demand on the back of something unexpected can overwhelm available supply, even if the market is in a slight oversupply situation on an annual basis as a whole.

Published 02 Mar, 2021 01:24pm

Markets

Recovery bets drive dollar to fresh lows

"There's a tide of higher rates across the board, and whether the US does an extra five basis points than Germany is neither here nor there," said Jason Wong, senior market strategist at BNZ in Wellington.

Published 22 Feb, 2021 12:25pm

Markets

Indian shares subdued as some banks fall after run-up

Elsewhere in Asia, Chinese shares rose but other markets were hit by profit-taking after a recent run-up.

Published 18 Feb, 2021 11:38am

Business & Finance

COVID propels Asia’s real estate giants to invest in property technology

"Change was underway well before 2020, but COVID-19 has heightened the urgency and amplified the risks of inaction."

Published 09 Feb, 2021 03:06pm

Business & Finance

Saudis Oil Prices discriminate between US, Europe and Asia

Saudi Arabia leaves oil pricing unchanged for its main markets in Asia in March, while raising it for markets in the United States and Europe.

Updated 04 Feb, 2021 04:13pm

Markets

Indian shares rise ahead of federal budget

The indexes recovered from a pandemic-induced plunge in March last year to finish 2020 around 15% firmer, their best performance since 2017, fuelled by strong foreign inflows amid massive liquidity in global markets and vaccine hopes.

Published 01 Feb, 2021 11:48am

Markets

Asia LNG price spike may curtail switch to spot pricing: Russell

The compromise may be the increasing popularity of short-term, flexible contracts, which can vary from a few months to a few years and be priced against different benchmarks.

Published 25 Jan, 2021 12:50pm

Markets

Buyers of US LNG expected to cancel up to five cargoes for March

But with temperatures expected to get warmer post-winter, spot prices for cargoes delivered into North Asia in March have fallen to less than half the average price of cargoes to be delivered in February.

Published 22 Jan, 2021 11:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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