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Showing posts with the label Asian Markets at Close Report by MarketWatch.

Asian Markets at Close Report by MarketWatch on June 23, 2015: Chinese shares recover after falling nearly 5%

marketwatch.com Chinese shares recover after falling nearly 5% Chao Deng   Stocks in China rebounded from their worst weekly selloff since 2008 on Tuesday, after Shanghai slid earlier in the day as investors who have borrowed heavily sold shares to meet loan requirements. The Shanghai Composite Index SHCOMP, +2.19%  finished up 2.2% at 4576.49, recovering from a 4.8% fall earlier Tuesday. That helped regain some ground after a 13% decline last week, with the market dropping 6.5% last Friday alone. The volatility follows heavy declines in certain stocks, which triggered margin

Asian Markets at Close report by MarketWatch on June 18, 2015: China startup stocks plunge as bubble fears grow

marketwatch.com China startup stocks plunge as bubble fears grow Gregor Stuart Hunter, Chao Deng   China’s stock market slid Thursday, with highflying startup stocks suffering one of their worst days on record and analysts turning increasingly wary of what they see as a bubble in the country’s equities. The Shanghai Composite SHCOMP, -3.67%   closed down 3.7% at 4785.36, while the smaller Shenzhen market fell 3.6%, extending a bout of volatility that began in late May. The ChiNext index

Asian Markets at Close Report by MarketWatch on April 23, 2015: Hong Kong stocks slip after soft China data

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Hong Kong stocks slip after soft China data Employees work at a Geely Englon car production line in Shanghai. By CHAO DENG Shares in Hong Kong slipped Thursday, after a reading showing manufacturing activity in China fell to a one-year low, indicating continued weakness in the economy. The Hang Seng Index  HSI,  -0.38%   lost 0.4% to 27,827.70, failing to close above 28,000 after climbing above that level intraday for a second day in a row. Before Thursday, the index was up 12% month-to-date, mostly fueled by expectations of more buying from mainland investors and further support for the economy from Beijing.

Asian Markets at Close Report by MarketWatch on April 20, 2015.

Hong Kong stocks suffer biggest fall in four months By LAURA HE ASIA MARKETS REPORTER Hong Kong stocks on Monday suffered their biggest percentage decline in four months, as worries over China’s new rules to curb margin trading and boost short-selling offset the central bank’s latest move to relax monetary policy and spur economic growth.

Asian Markets at Close Report by MarketWatch on April 17, 2015: China shares rise as investors hunt large caps

China shares rise as investors hunt large caps By CHAO DENG AND BRADFORD FRISCHKORN China shares finished the week on a volatile note, with Shanghai jumping more than 2% for the second day in a row, while Japan hit a two-week low amid concerns about earnings results. The Shanghai Composite Index  SHCOMP,  +2.20%   finished up 2.2% to 4,287.30 on Friday, taking its week’s gains to 6.3%, as local investors rushed into stocks of large cap firms. By contrast, small cap Chinese stocks sold off. The Chinext Price Index 399006,  -0.82%   , tracking startups, fell 3.5% for the week, its first weekly loss since late January.

Asian Markets at Close Report by MarketWatch on April 16, 2015: Hong Kong gains as China considers easing cross-border trading rules

Hong Kong gains as China considers easing cross-border trading rules By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) — Hong Kong stocks extended gains on Thursday, while Shanghai shares rebounded strongly from earlier losses and jumped to a new seven-year high. Hong Kong’s Hang Seng Index  HSI,  +0.44%   rose 0.4% to 27,739.71, hovering near its seven-year high of 28,016.34 hit earlier this week. The mainland-China-tracking Hang Seng China Enterprises  HSCEI,  +1.72%   advanced 1.7%. The gains came after The Wall Street Journal reported  Chinese regulators are considering easing rules of the Hong Kong-Shanghai Stock Connect  to allow small mainland investors to invest in the Hong Kong stock market. Over on the mainland, the Shanghai Composite Index  SHCOMP,  +2.71%  climbed 2.7% following a previous 1.2% loss, closing at 4,194.82, a new seven-year high. Nuclear energy-related stocks soared in both Hong Kong and Shanghai, after China’s State Council, the n

Asian Markets at Close Report by MarketWatch on April 14, 2015: Hong Kong stocks snap eight-day win streak amid profit-taking.

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Hong Kong stocks snap eight-day win streak amid profit-taking HONG KONG (MarketWatch) — Hong Kong stocks declined on Tuesday, retreating from a seven-year closing high, as investors took some profit after eight straight sessions of advances. Meanwhile, Shanghai markets extended recent rallies after a choppy session, as investors looked ahead to a slew of key economic data due out on Wednesday, including China’s GDP growth figures for the first quarter.

Asian Markets at Close Report by MarketWatch on April 13, 2015:Hong Kong stocks shake off Chinese data to end above 28,000.

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Hong Kong stocks shake off Chinese data to end above 28,000 By LAURA HE ASIA MARKETS REPORTER HONG KONG (MarketWatch) -- Hong Kong and Shanghai stocks continued to rally on Monday, shrugging off much weaker-than-expected Chinese export data. Hong Kong’s Hang Seng Index  HSI,  +2.73%   pushed up 2.7% to 28,016.34, extending an eight-day winning streak, after a 7.9% jump last week. The index on Monday settled above 28,000 for the first time since December 2007. The mainland-China-tracking Hang Seng China Enterprises  HSCEI,  +4.31%   crept higher by 4.3%. On the mainland itself, the Shanghai Composite Index  SHCOMP,  +2.17%    advanced by 2.2% to 4,121.71, its best close in more than seven years. The gains came despite  sharp falls in China’s imports and exports , announced earlier in the day. The nation’s exports fell 15% in March from a year earlier, widely missing projections of a 10% rise, official data showed. Imports fell 12.7% year-on-year in the same month, c

Asian Markets at Close Report by MarketWatch on April 10, 2015: Asian shares mostly higher; Nikkei touches 20,000

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Asian shares mostly higher; Nikkei touches 20,000 By BRAD FRISCHKORN TOKYO --Tokyo stocks briefly broke above 20000 for the first time in 15 years in early Friday trading, the latest milestone in the market’s bull run, while stocks in Hong Kong extended a six-session winning streak. The Nikkei Stock Average  NIK,  -0.15%    kicked higher in early trade and touched an intraday high of 20,006.00, extending a rally fueled by Japanese Prime Minister Shinzo Abe’s pro-growth policies. It has since pulled back and has been fluctuating in and out of the red; it was last off 0.1% at 19,922.14. The Hang Seng Index HSI,  +1.22%    gave up a 1% early gain as excitement over buying by Chinese investors cooled and was just 0.1% higher.

Asian Markets at Close Report by MarketWatch - July 22, 2014: Hong Kong stocks hit highest close this year China Mobile sees gain in 4G subscribers

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By  Laura He , MarketWatch  HONG KONG (MarketWatch) — Strong corporate earnings helped lift Hong Kong stocks on Tuesday to their highest closing level this year, despite an overnight retreat in U.S. markets amid geopolitical tensions in Ukraine and the Middle East. The benchmark Hang Seng Index  HK:HSI   +1.69%  advanced 1.7% to 23,782.11, breaking a three-day losing streak. The index also marked its biggest daily gain in more than two months. China Petroleum & Chemical Corp. HK:0386   +3.60%  , or Sinopec, rallied 3.6%, after the oil and gas giant reported an 8% year-on-year increase in its oil-gas valent-weight output for the first half of this year. Shares of the other two state giants also popped higher, as PetroChina Co. HK:0857   +3.15%  , the country’s largest oil producer, jumped 3.2%, and offshore oil and gas producer Cnooc  HK:0883   +1.93% rose 1.9%. Index heavyweight China Mobile HK:0941   +2.08%  gained 2.1%, after data showed 4G subscribers with the wor