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Showing posts with the label Asia Markets Closing Report.

Asia | Asia Markets Closing Report: Asia shares mostly down as investors watch US-China trade developments

Eustance Huang 4-5 minutes - Source: CNBC Shares in Asia were mostly lower on Monday as investors watched for developments on the U.S.-China trade front Mainland Chinese shares declined on the day, with the Shanghai composite falling 0.98% to about 2,977.08 and the Shenzhen composite down 0.912% to approximately 1,660.06. Hong Kong’s Hang Seng index shed 0.57%, as of its final hour of trading. Shares of companies related to China’s Fosun saw declines, following the collapse of the world’s oldest travel firm Thomas Cook — the Chinese conglomerate is the largest shareholder in the British firm. Fosun Tourism dropped 4.36% and Fosun International declined 1.34%. South Korea’s Kospi finished largely flat at 2,091.70, while the S&P/ASX 200 in Australia closed 0.28% higher at 6,749.70. Over in India, shares bucked the overall downward trend regionally as the Nifty 50 and S&P BSE Sensex both jumped more than 3% each, adding to large

Asia | Asia Markets Closing Report: Asia stocks mostly higher as Fed cuts rate; Bank of Japan keeps monetary policy steady

Eustance Huang 4-5 minutes - Source: CNBC Stocks in Asia were mostly higher on Thursday after the U.S. Federal Reserve cut interest rates overnight — but the U.S. central bank appeared divided on its next course of action for the year. Mainland Chinese stocks were up on the day, with the Shanghai composite higher by 0.46% at about 2,999.28 and the Shenzhen component gaining 1.01% to 9,852.20. The Shenzhen composite added 1.028% to approximately 1,672.63. Hong Kong’s Hang Seng index, however, fell 1.07% to close at about 26,468.95. Shares of life insurer AIA dropped 3.04%. In Japan, the Nikkei 225 rose 0.38% to close at 22,044.45 while the Topix index added 0.56% to end its trading day at 1,615.66. Over in South Korea, the Kospi closed 0.46% higher at 2,080.35 as shares of Samsung Electronics surged 3.04%. Australia’s S&P/ASX 200 also rose 0.54% to finish its trading day at 6,717.50. Data released by the Australian Bureau of

Asia I Asia Markets Closing Report: Asia Pacific stocks mixed as investors await Fed interest rate decision

Eustance Huang 4-5 minutes Source: CNBC Stocks in Asia Pacific were mixed on Wednesday as investors awaited the U.S. Federal Reserve’s interest rate decision, set to be released later stateside. In mainland China, shares were up on the day, as the Shanghai composite gained 0.25% to approximately 2,985.66 and the Shenzhen component added 0.31% to 9,753.31. The Shenzhen composite also rose 0.258% to about 1,655.61. Hong Kong’s Hang Seng index was fractionally higher, as of its final hour of trading. Anheuser-Busch InBev began taking orders in its second attempt to spin off its Asian business in Hong Kong on Wednesday, aiming to raise up to $6.6 billion in its Budweiser listing — what could be the world’s second largest IPO this year. Budweiser APAC is set to price the IPO Sept. 23, and the stock will debut on Sept. 30, the company said in a statement. The brewing giant said on Tuesday it would offer 1.3 billion shares at between H

Asia | Asia Markets Closing Report: Asia trades mixed as oil prices remain elevated amid geopolitical tensions

Saheli Roy Choudhury 5-6 minutes - Source: CNBC Asia markets traded mixed on Tuesday as investor sentiment turned cautious over rising energy prices and heightened geopolitical tensions. In Japan, the benchmark Nikkei 225 erased earlier losses to finish fractionally higher at 22,001.32 while the Topix index added 0.29% to 1,614.58. South Korea’s Kospi index was near flat. On Monday, U.S. President Donald Trump said the United States had reached initial trade agreements with Japan on tariffs and digital trade that will not require congressional approval. Australia’s S&P/ASX 200 also reversed earlier declines to gain 0.33% to 6,695.30 as most sectors recovered. The energy subindex added 1% as oil names in the country gained. Chinese mainland markets fell more than 1%: The Shanghai composite declined 1.74% to 2,978.12, the Shenzhen composite was down 2% at 1,651.35 and the Shenzhen component fell 1.97% to 9,722.80. Reports said ne

Asia I Asia Markets Closing Report: Asia stocks decline as US-China trade war intensifies

Eustance Huang 5-6 minutes - Source: CNBC Stocks in Asia fell Monday following an escalation in the U.S.-China trade war late last week. Hong Kong’s Hang Seng index led losses in the region as it dropped more than 2%, as of its final hour of trading, following another weekend of violent protests in the city . Mainland Chinese stocks also saw declines on the day. The Shanghai composite shed 1.17% to about 2,863.57 and the Shenzhen component slipped 0.98% to 9,270.39. The Shenzhen composite fell 0.768% to approximately 1,566.57. Elsewhere, the Nikkei 225 in Japan dropped 2.17% to close at 20,261.04, while the Topix index declined 1.61% to end its trading day at 1,478.03. That came despite Japanese Prime Minister Shinzo Abe’s recent agreement on the principles of a trade deal with U.S. President Donald Trump . Losses were also seen over in South Korea, where the Kospi fell 1.64% to close at 1,916.31. Australia’s S&P/ASX 200 fini

Asia Markets Closing Report I What trade war? China stocks jump after tariff hike

Chinese shares stood defiant after their return from the lunch break, surging despite the U.S. imposing higher tariffs on Chinese goods. The U.S. raised tariffs on $200 billion worth of Chinese goods — from 10% to 25% — at 12:01 a.m. ET Friday. Beijing pledged to take countermeasures but did not provide specifics, Reuters reported. Eustance Huang | @EustanceHuang Published 10 Hours Ago Updated 2 Hours Ago CNBC.com Stocks in China rallied on Frida
Asia trades mixed as investor confidence temper slightly despite better-than-expected China data Published Sun, Apr 14 2019 • 7:50 PM EDT Saheli Roy Choudhury Key Points Asia Pacific markets were mixed Monday afternoon, as investor confidence tempered midway, after Friday’s stronger-than-expected China data had improved risk sentiment.  Investors will look for further signs of recovery in the Chinese economy in the series of economic data due to be released this week. Customs data last week showed China’s March exports were higher than expected.The Japan Exchange Group logo is displayed on a glass door at the Tokyo Stock Exchange (TSE) in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Asia Pacific markets were mixed Monday afternoon, as investor confidence tempered midway, after Friday’s stronger-than-expected China data had improved risk sentiment. In Japan, the Nikkei 225 r

Asia Markets Closing Report: Stocks in Asia mostly higher on positive US-China trade sentiment

Eustance Huang 10-12 minutes Major stock markets in Asia closed higher on Wednesday amid positive sentiment on the U.S.-China trade front. The mainland Chinese markets were higher on the day. The Shenzhen component rose 2.012 percent to close at 8,171.21 and the Shenzhen composite gained 1.872 percent to finish its trading day at 1,389.68. The Shanghai composite recovered from earlier losses to close 1.84 percent higher at 2,721.07. Meanwhile, Hong Kong's Hang Seng index gained more than 1 percent, in its final hour of trading. Japan's Nikkei 225 extended gains from the previous session, rising 1.34 percent to close at 21,144.48 while the Topix index advanced 1.06 percent to finish at 1,589.33. South Korea's Kospi also gained 0.5 percent to close at 2,201.48. The ASX 200 in Australia, on the other hand, slipped 0.25 to close at 6,063.6. Shares of oil company Beach Energy surged 5.33 percent after it announced increased sales revenue and imp