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Showing posts with the label MarketWatch I Asian Markets at Close Report

MarketWatch I Asian Markets at Close Report, May 23, 2013: Japan’s Nikkei dives 7.3% in spectacular U-turn

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By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Japanese shares suffered their worst losses in more than two years on Thursday after data showing an unexpected contraction in Chinese manufacturing activity added to worries the Federal Reserve could downscale its bond purchases.  The Nikkei Stock Average JP:NIK -6.80% , which had jumped 2% earlier on Thursday, ended the day 7.3% lower at 14,483.98 in a spectacular turnaround. The drop is the Nikkei’s worst single-day loss since March 15, 2011, when the market was overwhelmed by selling in the wake of a calamitous earthquake and tsunami. The benchmark’s closing level was nearly 1,460 points from the day’s peak. The Nikkei is still up nearly 40% in 2013 to date, thanks to a massive rally seen earlier in the year as the yen’s weakness aide

MarketWatch I Asian Markets at Close Report, 9 April, 2013.: Asia stocks up after China data; Japan snaps rally, by V. Phani Kumar.

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By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Most Asian markets advanced Tuesday to cheer benign inflation data from China and a solid start to the U.S. earnings season, while Japanese stocks let early gains slip by to snap a four-day winning streak as investors took profits in banks.  Japan’s Nikkei Stock Average JP:NIK -0.0018%  began the day on a positive note as the U.S. dollar edged closer to the key 100-yen level. But after rising as high as 13,331.39 — the benchmark’s best level since August 2008 — it came under profit-taking pressure in afternoon trade and ended marginally lower at 13,192.35.  “Strong trending moves in Japan’s stock market and currency have brought these markets right into focus as a sentiment driver for regional markets,” said CMC Markets chief market analyst Ric Spooner.

MarketWatch I Asian Markets at Close Report, 5 April 2013. Japan stocks jump; Hong Kong hit by bird flu fears

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By V. Phani Kumar and Michael Kitchen , MarketWatch  HONG KONG (MarketWatch) — Hong Kong stocks on Friday suffered their worst drop in more than eight months as worries about the impact from a new strain of avian flu in China hurt sentiment, slamming airline shares in particular.  South Korean and Australian equities retreated as investors digested an increase in U.S. jobless claims and awaited key employment data later Friday. But Japanese shares were a major exception, with several sectors extending their rally on expectations for unprecedented monetary stimulus.  Hong Kong’s Hang Seng Index HK:HSI -2.73%  slid 2.7%, its worst percentage decline since late July, following reports of deaths linked to a new strain of avian flu. Airline stocks in Europe were also hit by the news. Read Europe Markets. How can you protect yours