Showing posts with the label Asian Markets at Close report by MarketWatch

Asian Markets at Close Report by MarketWatch - May 28, 2014: Asia stocks rise broadly after U.S. gains Industrial profit growth in China slows .

HONG KONG (MarketWatch) — Asian stocks rose broadly on Wednesday, taking their cue from stronger U.S. stocks overnight.  Japan’s Nikkei Average JP:NIK +0.24% closed 0.2% higher, marking the fifth consecutive session of gains. The broader Topix index JP:I0000 +0.26% rose 0.3%, while the dollar weakened against the yen USDJPY -0.03% , buying ¥101.874 compared with ¥101.975 on Tuesday.  Hong Kong’s benchmark Hang Seng Index HK:HSI +0.59% recovered its losses from

Asian Markets at Close Report by MarketWatch February 26, 2014: Asian shares little moved; Tokyo falls on firmer yen.

By Daniel Inman  Japanese stocks moved lower on Wednesday, as a firmer yen weighed on the market, while Australia was trading just above the break-even mark.  The Nikkei fell 0.6% after the yen strengthened overnight. The dollar lost 0.3% against the Japanese currency overnight--the largest percentage fall since February 14--and stabilized in Asian trade, last at ¥102.20.  Away from Japan the moves in stocks were small, with Australia’s S&P/ASX 200 up 0.1% and South Korea’s Kospi down 0.3%.  The lack of movement in Asia mirrors the subdued session on Wall Street on Tuesday, where stocks lost some ground after a disappointing reading of consumer sentiment. In addition, markets were waiting for a statement from Federal Reserve Chairwoman Janet Yellen on Thursday.  The next major data point for Asia will be manufacturing data from China, with the official purchasing managers index due on Saturday. Last week, HSBC’s reading hit a seven-month low and inve

Asian Markets at Close report by MarketWatch December 18, 2013: Asia stocks rise; Japan gains on strong data.

By Daniel Inman Japan’s stocks led Asian markets higher on Wednesday, ahead of the conclusion of the U.S. Federal Reserve’s policy meeting. Japanese exports  rose 18.4% from a year earlier  in November, overshooting expectations for a 17.3% rise. That marked the ninth consecutive month of increase, as manufacturers benefited from a weaker yen brought about by Prime Minister Shinzo Abe’s pro-growth strategies. A recovery in exports is important for the country’s economy ahead of a planned sales-tax increase in April. In addition, the dollar moved higher against the yen on speculation that Abe may make a growth-strategy announcement in a speech on Thursday. The yen  USDJPY   +0.29%   weakened and traded recently at ¥103.00, compared with ¥102.67 late Tuesday in New York, helping to support a 1.3% gain in the Nikkei Average JP:NIK   +2.02%   . In Tokyo, Sony  JP:6758   +0.28%     SNE   -0.06%   underperformed the broader market and was up just 0.2% after a Nikkei report said t

Asian Markets at Close Report by MarketWatch November 14, 2013: Japan Stocks Gain After Above-View Growth Data.

By Daniel Inman  Japanese stocks led Asian markets higher on Thursday after third-quarter growth data beat expectations, while renewed expectations that the U.S. Federal Reserve would maintain its stimulus weighed on the dollar.   Japan’s gross domestic product grew at an annualized rate of 1.9% in the three-month period that ended in September. Although the result represents a sharp slowdown from the second quarter, when the economy grew by 3.8%, the lower number was anticipated. In fact, the reading exceeded a 1.7% forecast by economists polled by The Wall Street Journal. Reuters Image The growth data is the latest check on the progress of a range of pro-growth policies in Japan, known as “Abenomics”. These measures include aggressive monetary easing from the Bank of Japan that

Asian Markets at Close Report by MarketWatch November 7, 2013: Asian Stocks Fall as Car Makers Prompt Tokyo Selling.

By Daniel Inman  Asian stock markets fell on Thursday, with a drop in Toyota Motor Corp. shares prompting selling in Tokyo, while bank shares weighed on the Australian market.  The Nikkei JP:NIK -0.76% fell 0.8% despite a flat currency — the yen USDJPY +0.03% was at ¥98.64 to the dollar late in Asia — as another earnings disappointment from the automobile sector weighed on the market.  Toyota Motor Corp. JP:7203 -1.26%   TM +0.11%  lost 1.3% after t

Asian Markets at Close Report by MarketWatch October 4, 2013: Asia shares fall; Japan’s Nikkei dips below 14,000

By Mia Lamar  Asian shares traded lower on Friday giving way to rising political uncertainties in the U.S. and putting Japan’s benchmark Nikkei briefly below the 14,000 mark for the first time in nearly a month. A partial government shutdown in the U.S. dragged on for the third day Thursday as lawmakers remained at an impasse over funding for the country’s budget. The standoff comes just weeks before a crucial deadline to raise the nation’s borrowing limit — a measure which also must be approved by lawmakers.  “Creeping worries about the U.S. debt ceiling are starting to unnerve investors,” said Mike Jones, a currency strategist at the Bank of New Zealand in Wellington.  Asian markets have been mostly resilient in the wake of the shutdown. Australia’s S&P/ASX 200 AU:XJO -0.51% , do

Asian Markets at Close Report by MarketWatch September 24, 2013: Asian shares lower, but Apple suppliers rise

By Daniel Inman  Shanghai gave up most of its gains from the previous session, leading declines Tuesday in Asia, while the Indonesian rupiah hit a more-than-four-year low against the dollar.  Stocks continued to come down from the initial excitement following the U.S. Federal Reserve’s decision last week to leave bond buying unchanged. That gave markets in Asia a boost on Thursday, though stocks have weakened since then.  The region’s worst performer was China, where the Shanghai Composite CN:SHCOMP -0.61%  fell 1.2%, retreating from Monday’s 1.3% gain on signs of improvement in manufacturing activity.  Reuters Image Asian markets trade lower, following a negative lead from the U.S., with Tokyo returning from a three-day weekend. “The global growth story is rea

Japan stocks pare losses late as Asia falls: Asian Markets at Close report by MarketWatch, June 12, 2013.

By Michael Kitchen , MarketWatch    LOS ANGELES (MarketWatch) — After spending most of the day deep in negative territory, Japanese stocks swung upward in the afternoon to end with only mild losses, while other Asia markets also retreated.  Japan’s Nikkei Stock Average JP:NIK -0.21%  ended 0.2% down at 13,289.32 after trading some 2% lower earlier in the day, with the benchmark recovering as the dollar rebounded against the yen. Reuters Japanese stocks take a fresh tumble as the yen heads higher overnight. Likewise, Australia’s S&P/ASX 200 AU:XJO -0.69%  finished down 0.7%, and Sout