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Showing posts with the label Stocks and Markets in the News | Asia Markets.

Stocks and Markets in the News | Asia Markets: Asian stocks jump on easing hopes

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Asia Dollar steady , with eyes on Spain auction , Fed The euro moves in a tight range against the U.S. dollar ahead of a much-anticipated Spanish debt auction , while the British pound declines amid expectations the Bank of England will leave its monetary policy unchanged. 1:44 a.m. Today   For Asia , U.S. more vital than Europe: Moody's HONG KONG (MarketWatch) -- If the financial stresses in Europe jump the fence to the U.S. , then the impact upon Asia could be greatly magnified , according to the ratings agency Moody's , which looked at various implications if policy markers lose their grip on the euro zone's darkening financial situation. In a situation where financial market contagion is limited to Europe , factory activity in Asia is likely to slow to around 5% growth year-on-year. However , if the U.S. succumbs to the contagion , the negative impact would be four

Stocks and Markets in the News | Asia Markets: Asia stocks climb, as Tokyo, Hong Kong rally

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Asia China tungsten miners higher on mineral ore find   HONG KONG (MarketWatch)-- Shares of mainland China-listed tungsten miners were higher Wednesday following news of a large tungsten ore discovery. The site, in China's eastern Jiangxi province, has 1.06 million tons of confirmed reserves, giving it a potential value of more than 300 billion yuan ($47.14 billion), according to the state-run Xinhua news agency, which cited information posted Tuesday on the website of the Ministry of Land and Resources. In Wednesday's session in Shenzhen, shares of Chongyi Zhangyuan Tungsten Co.'s surged by their daily-limit 10% while those of Chenzhou Mining Group Co. ended 4.9% higher. In Shanghai, shares of Minmetals Development Co. were up 4.6%. Hong Kong property looks 'precarious' , Macquarie HONG KONG (MarketWatch) -- Hong Kong's property market is at risk in the next six months of a sharp downturn in prices

Stocks and Markets in the News | Asia Markets: Asia stocks fall as China stimulus hope fades

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  Asia Euro further drops below $1.25 to near 2-year low The U.S. dollar climbs higher as investors avoid risky assets amid incessant worries about the fallout from the European debt crisis, with the euro consolidating a slide below the $1.25-level. Crude oil drops below $90 on Spain, China worries Benchmark U.S. crude-oil prices edged back below the $90-a-barrel level in electronic trading Wednesday as concerns over Spain and scaled-back expectations for Chinese economic stimulus lifted the dollar and hurt stocks globally. 5:33 a.m. Today   Asia stocks fall as China stimulus hope fades Asia stock markets fall to give up some of the strong gains from the previous session as hopes for an aggressive stimulus spending in China falter, and as more trouble in Spain poses fresh threats to the euro zone. 1:33 a.m. T

Stocks and Markets in the News | Asa Markets: Asia stocks rally, with resource, tech shares up

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Asia Yen weakens after Fitch cuts Japan rating HONG KONG (MarketWatch) -- The Japanese yen weakened sharply late Tuesday in East Asia after Fitch Ratings, in a surprise announcement, downgraded the nation's sovereign debt and issued a negative outlook on its credit rating, citing rising public debt levels. The dollar jumped to ¥79.84 following the Fitch announcement, from a level late Monday of ¥79.30, and was recently at ¥79.69. The euro was bying ¥101.75 yen, compared to its level ealier in the Asian session of ¥101.50. In an announcement issued after the close of trade in Japan, Fitch lowered Japan's long-term foreign rating to A+ from AA. "The downgrades and negative outlooks reflect growing risks for Japan's sovereign credit profile as a result of high and rising Fitch downgrades Japan to A+, outlook negative FRANKFURT (MarketWatch) -- Fitch Ratings on Tuesday downgraded Ja

Stocks and Markets in the News | Asia Markets: Asia stocks sink, erasing billions in market value

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Asia Asia stocks sink, erasing billions in market value Asian stocks plunge as fresh fears about Spanish banks add to existing worries about capital flight from Greek lenders, wiping out hundreds of billions of dollars in the region’s market capitalization. 4:42 a.m. Today   Dollar stays on fire, set for 15th day of rally The U.S. dollar continues blazing its trail, further extending its longest rally since at least 1985, as raging fears about the euro-zone’s troubles and deep losses for Asian equities lure investors into currencies believed to be safer. 1:19 a.m. Today Gold futures slip in electronic trading Gold futures slip in electronic trading, handing back a small portion of sharp previous session gains as European concerns rattle markets. 1:10 a.m. Today Asia Headlines Hong Kong stocks sink more;

Stocks and Markets in the News | Asia Markets: Asia stocks mostly rebound after savage sell off

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Asia New Samsung phone shipments ahead of plan: broker HONG KONG (MarketWatch) - Samsung Electronics Co.'s latest 3G handset is set to reach a milestone of unit shipments faster than had been anticipated, according to research by Macquarie Securities, which cited contact with component suppliers for the device. Samsung's Galaxy S III, due to launch in Europe later in May, should reach the 10 million mark in terms of global total shipments in the third quarter, about five months earlier than the Galaxy S II from the time of its launch, and seven months earlier than the Galaxy S, according to Macquarie. Macquarie said its forecasts of 3G handset shipments by Samsung this year now appear too conservative. "We believe the GS3 has little competition in the premium smartphone market until Apple's widely expected launch of the next iPhone in September," The broker also presented graphical data as showing that Samsung

Stocks and Markets in the News | Asia markets: Asia markets sink as Greek exit talk stirs

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Asia Japan's CPI to turn positive in 2013: CS HONG KONG (MarketWatch) -- Japanese consumer prices are set to turn positive in 2013, ending the nation's long bout with deflation, according to research released Tuesday by Credit Suisse. The bank's Tokyo-based analysts cited a flattening out of price declines in some consumer goods, firming wages and higher costs for construction materials and electric utility usage, among other items, as indicators of the trend. Consumer price inflation could average 1% in 2013, according to Credit Suisse's estimates, ending a near uninterrupted sequence of annual declines in consumer prices since 1994, which has seen prices fall 17% cumulatively over the period.  fresh 2012 low, as the possibility Greece will exit the euro zone sidelined equity and commodity investors. 5:02 a.m. Today   Filings show 45% of China companies see slowdown HONG KONG (MarketWatc

Stocks and Markets in the News | Asia Markets: Asian Shares edge lower, with asharp drop in crude oil hitting energy names

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Asia     Asian stocks slip ahead of U.S. jobs data Asian shares edge lower, with a sharp drop in crude oil hitting energy names, ahead of closely watched U.S. nonfarm payrolls data. 5:12 a.m. Today   Sun Hung Kai shares lower in afternoon trade HONG KONG (MarketWatch) -- Sun Hung Kai Properties Ltd. shares fell 1.4% in Hong Kong Friday, underperforming the wider share market, following the arrest of non-executive director, Walter Kwok Ping-sheung by Hong Kong's anti-graft law enforcement agency. Piper Jaffray Asia sales trader Andrew Sullivan said that Friday's arrest of Walter Kwok, the third of the Kwok brothers to be arrested on suspicion of corruption, will lead people to "wonder if the practice is more widespread and could touch the other Hong Kong developers." Technically, the arrest of Walter Kwok, the elder of the Kwok brothers, shouldn't have