Jul 1, 2013
Hong Kong stocks waver; banks down, energy higher HONG KONG (MarketWatch) -- Hong Kong stocks wavered in choppy trade Tuesday as the markets reopened after a three-day weekend, with banks and property developers declining on weak Chinese manufacturing data for June to counter gains for energy producers and some casino operators. The Hang Seng Index rose 0.1% to 20,815.44 after briefly dipping into the red, while the Hang Seng China Enterprises Index was flat at 9,308.74. Shares of China Construction Bank Corp. fell 1.5% and China Resources Land Ltd. eased 0.2%, after the Purchasing Managers' Index data released by the government and HSBC both indicated the manufacturing sector weakened. Shares of PetroChina Co. jumped 5.5% and Cnooc Ltd. rose 1.2% after an increase in U.S. benchmark oil prices. Wynn Macau Ltd. gained 4.8% following data showing Macau casino industry revenues climbed 21% in June from a year earlier. 9:48 p.m. Today
Australia, Japan stocks climb on global cues Asian markets advance after upbeat manufacturing reports from the U.S. and the euro zone signal an improvement in the major developed economies, with resource stocks pulling higher on an increase in commodity prices. 9:25 p.m. Today
Jun 16, 2013
Japan stocks rebound as Asia awaits Fed meeting Japanese stocks bounce strongly after a weak start, as several exporters climb on the yen’s retreat, while other Asian markets diverge amid caution ahead of the Federal Reserve’s policy decision later this week. 10:37 p.m. Today
Hong Kong stocks rise modestly; ICBC drops HONG KONG (MarketWatch) -- Hong Kong stocks rose modestly early Monday as property developers extended gains, although caution ahead of the Federal Reserve's monetary-policy meeting later this week and a sharp fall in shares of Industrial & Commercial Bank of China Ltd. capped gains. The Hang Seng Index gained 0.3% to 21,041.26 and the Hang Seng China Enterprises Index added 0.3% to 9,694.87. Shares of China Resources Land Ltd. gained 2.8% and Cheung Kong Holdings Ltd. rose 2.3% among the gainers. Shares of several Chinese financial firms advanced, following news that Central Huijin Investment Ltd., a key state-owned shareholder in major Chinese banks and financial firms, has increased its stakes in China Everbright Bank Ltd. and New China Life Insurance Co. New China Life shares gained 1.9% in Hong Kong, while China Everbright Bank shares climbed 2.1% in Shanghai. On the downside, the Hong Kong-listed shares of ICBC tumbled 5.9% as they began trading without rights to a dividend. China's Shanghai Composite , which snapped an eight-day losing streak on Friday, fell 0.3% to 2,156.18. 9:58 p.m. Today
Jun 5, 2013
Australia trade surplus shrinks on forex strength LOS ANGELES (MarketWatch) -- Australia reported Thursday a narrowing of its trade surplus in April, as exports logged a 1% drop from the previous month, with the result missing forecasts. The April trade account was just 28 million Australian dollars ($26.6 million) in surplus, shrinking drastically from a A$555 million suplus in March, the Australian Bureau of Statistics said. The drop in exports came as the Australian dollar hit its recent peak near $1.06, and despite a 12% rise in non-monetary gold exports during the month. Since then, the Australian currency has slipped back to its lowest levels in more than a year. April imports, meanwhile, ticked 1% higher from March. The Australian dollar fell immediately after the data, but quickly moved higher, trading at 95.03 U.S. cents from 94.90 U.S. cents ahead of the numbers.
Hong Kong stocks drop on weak U.S., China cues HONG KONG (MarketWatch) -- Hong Kong stocks dropped Thursday as property developers and banks were dragged lower after a weak U.S. private-sector jobs report and as economic worries about China put the Shanghai stock benchmark on path for a sixth straight day of losses. The Hang Seng Index fell 0.9% to 21,867.63 and the Hang Seng China Enterprises Index gave up 1% to 10,368.15. Shares of China Overseas Land & Investment Ltd. fell 2.2% and Hang Lung Properties Ltd. dropped 2.6%, while Industrial & Commercial Bank of China Ltd. shed 1.1%. The Shanghai Composite Index fell 0.5% to 2,2658.95. 9:46 p.m. Today
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