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Showing posts with the label Asian Markets at Close Report and U.S. Stock Market Future Indications.

Asian Markets at Close Report and U.S. Stock Market Future Indications by MarketWatch on May 7, 2015: Asia stocks fall after Yellen warning on valuation.

Asia stocks fall after Yellen warning on valuation By CHAO DENG Stocks across Asia fell Thursday on concerns about the sluggish U.S. economy and overvalued equity markets, with Shanghai dropping the most and extending a deep two-day correction. The Shanghai Composite Index  SHCOMP,  -2.77%   fell 2.7% at 4,112.86 after losing 5.6% in the past two sessions. In Japan, reopening after its golden week holiday, the Nikkei Stock Average  NIK,  -1.23%    fell 1.2% to 19,291.99, while Australia’s S&P ASX 200  XJO,  -0.82%   and the Hang Seng Index in Hong Kong  HSI,  -1.27%  were down 0.8% and 1.3%, at 5,645.70 and 27,289.97, respectively. Overnight, U.S. Federal Reserve Chairwoman Janet Yellen  warned about high stock valuations  during a panel discussion with the head of the International Monetary Fund, Christine Lagarde. Earlier Wednesday, data  showed a slowdown in U.S. job creation , which could encourage Fed officials to delay raising interest rates beyond their June mee

Asian Markets at Close Report and U.S. Stock Market Future Indications | MarketWatch - December 11, 2014.

Asian shares rattled by oil’s tumble By CHAO DENG Stocks fell across Asia Thursday, as a downturn in oil prices overnight rippled through the region, pressuring Chinese state-owned energy companies and major oil producers in Australia in particular. The Hang Seng Index  HSI,  -0.90%   shed 0.9% to 23312.54, pulled down by a gauge of Chinese firms. The Hang Seng China Enterprises Index was down 1.0% to 11255.43. Among energy stocks that suffered the largest declines, Kunlun Energy Co. 0135,  -3.48%   fell 3.5%, and Cnooc Ltd.  0883,  -1.57%   was off 1.5%. In Australia, the same sector was led lower by Santos Ltd.  STO,  -8.26%  the country’s third-largest oil company. The stock fell 8.8% after the firm said it would slash capital spending by 26% next year and consider asset sales, as it tries to fortify its balance sheet against tumbling oil prices. Among Australia’s large-cap oil companies, it has been the hardest hit by crude oil’s plunge. The broader S&P ASX ben

Asian Markets at Close Report and U.S. Stock Market Future Indications | MarketWatch - December 10, 2014.

Shanghai bounces back, but Tokyo shares fall on stronger yen By CHAO DENG BRADFORD FRISCHKORN Stocks in Japan suffered their sharpest loss in three weeks on Wednesday as the yen strengthened against the dollar, but Shanghai’s benchmark bounced back from its worst drop in five years. The Shanghai Composite Index  SHCOMP,  +2.93%   closed up 2.9% at 2,940.01 in volatile trading after falling as much as 1.7% earlier in the day. The choppiness was a continuation of last week, when investors became concerned that stocks could be headed for a short-term correction. The benchmark plunged as much as 6.1% in intraday trading Tuesday, following a surprise move by Beijing to rein in lending that fueled concerns about growth in the world’s No. 2 economy. On Wednesday,  inflation in China rose less than expected , providing policy makers room for further stimulus to support growth. Hong Kong’s Hang Seng Index  HSI,  +0.16%   gained 0.2% to 23,524.52 In Japan, the Nikkei S