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Showing posts with the label Asian Markets at Close Report.

Asian Markets at Close Report: Asian stocks mixed following volatile session on Wall Street

Eustance Huang Stocks in Asia traded mixed on Tuesday afternoon on the back of a volatile session on Wall Street which saw the Dow recover from a 507-point drop. The mainland Chinese markets saw gains by the end of their trading day. The Shanghai composite rose 0.37 percent to close at around 2,594.09 while the Shenzhen composite advanced 0.853 percent to finish the trading day at about 1,343.90. Hong Kong’s Hang Seng index also recovered to close slightly higher at 25,771.67, or about 0.07 percent. Meanwhile in Japan, the Nikkei 225 fell 0.34 percent to close at 21,148.02 percent while the Topix index declined by 0.91 percent to close at 1,575.31. Shares of Japanese conglomerate Softbank gained 2.45 percent after the company announced on Monday that shares of its mobile unit IPO would be priced at 1,500 yen apiece (approx. $13.25) . Softbank is expected to raise 2.65 trillion yen from the listing (approx. $23.4 billion). Meanwhile, South Kor

Asian Markets at Close Report on May 15, 2017 Cheang Ming Asian markets closed mostly in the money on Monday despite concerns over trade protectionism during the G7 meeting in Italy and North Korea's latest missile launch at the weekend. Kazuhiro Nogi | AFP | Getty Images A man walks past a stock quotation board in front of a securities company in Tokyo on May 12, 2017. G7 finance ministers and central bankers highlighted the risks U.S. trade policies could pose to global growth during their meeting in Italy. This followed an earlier meeting in March this year, when G20 leaders failed to endorse free trade in their joint communique. Concerns over North Korea's nuclear program also grew after the hermit state launched a new missile over the weekend. The missile landed in the sea close to Russia, Reuters reported. Meanwhile, the extent of a global cyberattack as people returned to work was also largely shrugged off by markets. Called "WannaCry," the

Asian Markets at Close Report on March 22, 2017: Nikkei Falls 2% as "Trump Trade" Doubts Hit Asia Markets:   Ese Erheriene Asian markets dropped Wednesday, led by the Nikkei’s fall of more than 2%, following overnight declines in U.S. financial markets as investors re-evaluated their “Trump trade” optimism. Stocks globally and the U.S. dollar have broadly rallied in the wake of President Donald Trump’s election in November, buoyed by his talk of a tax overhaul and infrastructure investment. However, roadblocks have risen ahead of Thursday’s scheduled vote to dismantle the Affordable Care Act, triggering a market pullback Tuesday in the U.S. that has carried overseas and has investors questioning Trump’s ability to make good on his policy promises. “Market participants are doubtful of whether President Trump is able to deliver his ‘phenomenal’ tax cuts,” said Woon Tian Yong, an investment analyst at Phillip Futures. For some, patience has been wearing thin as his first 100 days in office tick away without detailed policy developments. As such,

Asian Markets at Close Report on March 20, 2017: Asian Stocks Mixed as Investors Mull G20 Headlines   Aza Wee Sile   Asian equities were mixed on Monday as investors mulled headlines out of the G-20 finance ministers meeting in Germany at the weekend and China Development Forum over the next two days. Finance ministers from twenty of the world's biggest economies held a two-day meeting, and warned against competitive devaluations and disorderly FX markets but failed to agree on keeping global trade free and open. "Germany Finance Minister Schauble bemoaned the omission for "resit all forms of protectionism" in the G-20 communique as U.S. Treasury Mnuchin preferred to 'reduce excessive global imbalances...promote greater inclusiveness and fairness,'" said Vishnu Varathan, senior economist at Mizuho Bank, in a Monday note. Down Under, the ASX 200 closed down 0.36 percent or 20.7 points at 5,778.9. Australian retailers were under pressure on Monday, due to fears of Amazon potentially launching its se

Asian Markets at Close Report on February 23, 2017: Asia Markets Lose Ground; Qantas Shares Up 5.4% After Reporting First-Half Earnings   Saheli Roy Choudhury Kazuhiro Nogi | AFP | Getty Images Markets in Asia were mostly lower on Thursday, following a mixed close in U.S. equities overnight as minutes from the Federal Reserve's previous meeting hinted that a rate hike is coming "fairly soon." In Japan, the Nikkei 225 finished near flat at 19,371.46, while across the Korean Strait, the Kospi was fractionally higher at 2,107.63. Hong Kong's Hang Seng index was off by 0.38 percent in afternoon trade, while Chinese mainland markets were mostly lower. The Shanghai composite closed down 10.13 points, or 0.31 percent, at 3,251.08 and the Shenzhen composite finished near flat at 1,991.98. Australia's ASX 200 fell 20.43 points, or 0.35 percent, to 5,784.66, with gains in most sectors offset by a nearly 2 percent drop in the materials sector and a 2.03 percent decline in utilities. Major miners in the country finished lower, with Rio Tinto do

Asian Markets at Close Report on January 26, 2017: Asian Shares Advance After Dow Hits 20,000   Aza Wee Sile Getty Images Japanese and Hong Kong shares were up more than 1 percent on Thursday, taking their cues from the Dow Jones industrial average shooting past 20,000 after a volley of executive orders by President Donald Trump.

Asian Markets at Close Report on January 20, 2017: Asian Shares Mixed as Investors Eye Trump's Inauguration   Aza Wee Sile Kazuhiro Nogi | AFP | Getty Images Asian markets were a mixed bag on Friday after China's latest set of economic data suggest the economy is recovering, even as risk sentiment sours ahead of Donald Trump's inauguration.