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Showing posts with the label Asian Markets at Close Report .

Asian Markets at Close Report on March 30, 2017: Asia Equities Slip, Dollar Strengthens Above 100 Handle

Asian Markets at Close Report on March 21, 2017: Asia Markets Finish Mixed, Kospi 1%

China Stocks Rise as Market Tries to Catch Up With Global Gains: Asian Markets at Close Report by MarketWatch on October 8, 2015.

marketwatch.com China stocks rise as market tries to catch up with global gains Chao Deng Chinese stocks rose sharply Thursday, catching up to a rally in global equities after the market was closed for a week-long holiday. The Shanghai Composite Index SHCOMP, +2.97%  finished up 3% at 3143.46, putting its gains at nearly 7% since the lowest point of a painful summer selloff. The benchmark is still off about 39% from its June peak, although “a stabilization in the market is in sight,” wrote Goldman Sachs analyst Kinger Lau in a note.

Asian Shares Rise as Chinese Panic Selling Fades: Asian Markets at Close Report on September 11, 2015.

marketwatch.com Asian shares rise as Chinese panic selling fades Chao Deng   Panic selling in China appears to be taking a pause. The Shanghai Composite Index SHCOMP, +0.07%  , which hasn’t had an up week in about a month, closed up 1.3% this week on Friday, while stocks in Hong Kong HSI, -0.27%

Chinese stocks end brutal August with another daily loss: Asian Markets at Close Report on August 31, 2015.

marketwatch.com Chinese stocks end brutal August with another daily loss Chao Deng   Asian stock markets closed their worst monthly performance in more than three years in August, as shares struggled to recover from a global selloff sparked by worries about China. A slowdown in China’s economy, magnified by a surprise devaluation of the Chinese yuan earlier this month, accelerated a rout in Shanghai that spread across the globe, pushing down everything from stocks in the U.S. and Europe, to commodities and emerging market-currencies. While stability has returned in recent days in Asia, the selloff has left currencies in the region near multiyear lows and stocks at their lowest levels in months.

Asian Markets at Close Report on July 14, 2015: Chinese rebound fizzles as shares end lower.

marketwatch.com Chinese rebound fizzles as shares end lower Chao Deng   A rebound in China fizzled Tuesday as investors question whether the rally would be able to continue without fresh government help. The Shanghai Composite SHCOMP, -1.16%  closed down 1.2% at 3924.49, knocking off some of the gains from a three-day rally. The index remains down nearly a quarter from its peak on June 12. The smaller Shenzhen Composite Index

Asian Markets at Close Report on June 16 2015 by MarketWatch: China shares fall as startup shares get pricey.

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marketwatch.com China shares fall as startup shares get pricey Chao Deng Shutterstock/TonyV3112 Stocks in Asia mostly fell Tuesday, with China succumbing to another bout of volatility, as pressure from a wave of new initial public offerings spurred investors to sell down stakes in existing shares. The Shanghai Composite Index SHCOMP, -3.47%  fell as much as 4.4% in the afternoon before paring losses to close down 3.5% at 4,887.43. The ChiNext index

Asian Markets at Close Report by MarketWatch on April 29, 2015: Indonesia shares slide for third straight day.

Indonesia shares slide for third straight day By CHAO DENG AND JAKE MAXWELL Indonesia’s stock market took a battering for a third day Wednesday as growing worries over poor company profits compounded concerns about already-stuttering economic growth. Elsewhere, Australia’s currency jumped and equities slid on jitters over interest rates. Indonesia’s slide has wiped out all the benchmark JSX index’s gains this year, leaving it as Asia’s worst performer of 2014. It fell 2.6% Wednesday to close at 5,105.56, down 2.3% for the year — the only market in Asia in negative territory. One of the country’s biggest companies, vehicle manufacturer PT Astra International, fell 3.7% after reporting weaker-than-expected earnings. PT Bank Mandiri was down 3.2%, and has now lost 11% since it undershot expectations in reporting earnings after Friday’s close.

Asian Markets at Close Report on March 2, 2015: Chinese stocks gain after rate cut, PMI data.

Chinese stocks gain after rate cut, PMI data By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) — Hong Kong and Shanghai stocks advanced Monday, after China’s central bank lowered interest rates over the weekend, while two separate gauges of China’s manufacturing activity both showed gains in February. The Hang Seng Index  HSI,  +0.26%   finished up 0.3%, and the Shanghai Composite Index  SHCOMP,  +0.78%   moved 0.8% higher. The People’s Bank of China (PBOC)  announced Saturday  that it would cut both the benchmark one-year loan rate and the one-year deposit rate by a quarter percentage point. The move is the second benchmark interest-rate cut by PBOC in a little more than three months. Meanwhile, HSBC’s

Asian Markets at Close Report on February 26, 2015: Japan stocks touch 15-year high again

Japan stocks touch 15-year high again By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) — Japanese stocks resumed their winning ways on Thursday, rising to a fresh 15-year high after breaking a five-session winning streak in the previous session. The Nikkei Average  NIK,  +1.08%   closed up 1.1% to 18,785.79, its best level since April 2000. The index dipped 0.1% on Wednesday. The broader Topix  I0000,  +0.93%  also finished 0.9% higher. Meanwhile, the yen was  a little stronger versus the greenback , trading at ¥118.75, from ¥118.83 at the previous market close. Oil explorers got a boost from a strong rebound in global crude prices in the previous session. Inpex Corporation  1605,  +3.29%  rallied 3.3%, and Japan Petroleum Exploration Co. Ltd.  1662,  +2.77%   gained 2.8%. Among top outperformers, auto maker Nissan Motor Co., Ltd.  7201,  +3.18%   and banking group Mitsubishi UFJ Financial Group, Inc.  8306,  +3.17%   both jumped 3.2%. Electronics manuf

Asian Markets at Close Report on February 25, 2015: Hong Kong stocks rise after China data surprise to upside

Hong Kong stocks rise after China data surprise to upside By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) -- Hong Kong stocks inched into the black Wednesday, rebounding from the previous losses, as a preliminary reading of China’s manufacturing activity surprised to the upside and printed at a four-month high. The Hang Seng Index  HSI,  +0.11%   rose 0.1%, with the Hang Seng China Enterprises HSCEI,  +0.15%   , which tracks Hong Kong-listed mainland Chinese companies, edging 0.2% higher. HSBC’s “flash” China Manufacturing Purchasing Managers’ Index  rose to 50.1 in February , back above the 50-level separating expansion from contraction, compared with a final read of 49.7 in the previous month, data showed Wednesday. In Hong Kong, market movers included Sino-British banking giant HSBC Holdings PLC  0005,  +0.86%   , recovering 0.9% after a 3.5% slide in the previous session. Among other major index components, China Resources Land Ltd.  1109,  +2.23%

Asian Markets at Close Report on January 21, 2015: Chinese stocks shoot up, marking best gain in five years. | MarketWatch.

By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) -- Chinese stocks posted their strongest advance since late 2009 on Wednesday, with the financial sector leading gains. Mainland China’s benchmark Shanghai Composite Index  SHCOMP,  +4.74%   shot up 4.7%, marking its biggest daily percentage increase since October 2009, extending gains after Tuesday’s 1.8% advance. On Tuesday, China  reported  a higher-than-expected economic growth for December. On Monday, the index  tumbled 7.7% , its worst decline in more than six years, triggered by a crackdown on margin trade business by the regulator. Banks and insurers recovered strongly in Shanghai, with Bank of China Ltd. 601988,  +9.89%   3988,  +2.56%   soaring 9.9%, Industrial and Commercial Bank of China Ltd.  601398,  +6.03%   1398,  +2.51%   leaping 6%, and Agricultural Bank of China Ltd.  601288,  +5.60%   1288,  +1.30%   spiking 5.6%. Shares of China Life Insurance Co. Ltd.  601628,  +10.00%   2628,  +3.08%   we

Asian Markets at Close Report on January 9, 2014: Hong Kong mark three-day winning streak. | MarketWatch.

Hong Kong mark three-day winning streak By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) -- Hong Kong stocks rose for a third consecutive session on Friday, seemingly shrugging off Chinese data showing a continuous fall in producer prices, while consumer prices ticked up. The Hang Seng Index  HSI,  +0.35%   rose 0.4%, with the Hang Seng China Enterprises HSCEI,  +0.48%   up 0.5%. On Friday, official data from China showed its producer price index  dropped 3.3% on year in December , the 34th straight month of declines. Meanwhile, the consumer price index gained 1.5% in December from a year ago, slightly up from a 1.4% increase in November. However, for 2014, the CPI rose 2%, well below the government’s 3.5% target. To Read Full Report Click:  http://www.marketwatch.com/story/hong-kong-stocks-mark-three-day-winning-streak-2015-01-09

Asian Markets at Close Report on November 26, 2014: Japan Stocks Break Winning Streak as Yen Streagthens

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Japan stocks break winning streak as yen strengthens By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) — Japan stocks nudged lower on Wednesday, snapping a three-day winning streak, as the yen crept higher against the greenback. The Nikkei Average  NIK,  -0.14%   dipped 0.1%, while the broader Topix I0000,  +0.03%   edged 0.2% lower. Meanwhile, the yen  USDJPY,  -0.11%   traded little changed versus where it was a day earlier, around ¥117.85. Among market movers, Honda Motor Co.  7267,  -2.89%   slid 2.9%, after the auto maker said it had failed to report more than 1,700 death and injury incidents to U.S. regulators since 2003. Sony Corporation  6758,  -1.32%   also declined 1.3%, after the conglomerate agreed to refund U.S. consumers with $12 million to settle charges with the Federal Trade Commission over its misleading ads for PlayStation Vita gaming consoles. In Hong Kong, the Hang Seng Index  HSI,  +1.12%   advanced 1.1%. Over on the mainland, t