Showing posts with the label Stocks and Markets in the News | Asian Markets

Stocks and Markets in the News | Asian Markets: Hong Kong leads Asian stocks to gains

Asia Hong Kong leads Asian stocks to gains Hong Kong stocks lead a broad rally for Asian markets, with mainland Chinese banks and coal miners fueling gains on the back of strong earnings. 4:38 a.m. Today   Gold steady in Asia, on track for monthly loss Gold futures trade little changed, with the precious metal on track to post a slim loss for the month. 1:23 a.m. Today   Hong Kong stocks rally on earnings, global cues HONG KONG (MarketWatch) -- Hong Kong shares rallied at the opening Monday, boosted by earnings and an upbeat Friday finish on Wall Street, with financial-sector stocks leading the way. The Hang Seng Index gained 1.2% to 20,992.68, while the Hang Seng China Enterprises Index added 1.4% to 11,054.24, even as mainland Chinese stock markets were closed for a holiday. Shares of Bank of Communications Co

Stocks and Markets in the News: Asian Markets: Asia stocks fall after Europe fears ratchet up.

Asia stocks fall after Europe fears ratchet up 4/16/2012 4:44 AM ET Asian markets decline as a jump in Spanish borrowing costs keep European fiscal problems in focus, with many financial and commodity stocks in the region falling hard while losses in Tokyo are made worse by a stronger yen. India inflation slows less than expected in March 4/16/2012 4:41 AM ET MUMBAI (MarketWatch) -- Inflation in India slowed less than expected in March, as food and energy prices kept climbing, but a cooling in manufacturing prices kept intact market hopes for a rate cut by the Reserve Bank of India on Tuesday. The wholesale price index rose 6.89% in March from a year earlier, compared with February's 6.95% increase, India's ministry of commerce said on Monday. Economists surveyed by Dow Jones Newswires on average expected inflation to slow to 6.65% in March. However, inflation for manufactured products, which is the main component of the index, slowed to 4.87% in

Stocks and Markets in the News | Asian Markets: Shanghai stocks tumble to lead most of Asia down

Asia Daily MARCH 28, 2012 Shanghai stocks tumble to lead most of Asia down 3/28/2012 4:30 AM ET Chinese shares tumble to lead a broad decline for major Asian markets, with the Shanghai benchmark suffering this year's worst percentage loss so far, led by mining and metal stocks. Gome shares swoon after broker downgrade 3/28/2012 4:24 AM ET HONG KONG (MarketWatch) - Hong Kong-traded shares of mainland China retailer Gome Electrical Appliances swooned more than 20% on Wednesday after a broker downgrade that cited higher operating expenses and sluggish sales. Gome's shares were traded at HK$1.67 (22 U.S. cents) compared to its close of HK$2.08 in the previous session. Macquarie said it lowered its view on the share to underperform from outperform, and dropped its target price to HK$1.70 from HK$3.70 saying same-store-sales growth is likely to contract 3% this year. The move revised its prior forecast for flat growth. "Gome announc

Stocks & Markets in the News | Asian Markets: Asia markets sink amid fresh Europe woes: Asia Markets - MarketWatch

By Virginia Harrison , MarketWatch    SYDNEY (MarketWatch) — Asia markets sunk on Thursday as rising Italian borrowing costs washed fresh waves of anxiety about the euro-zone debt crisis over the region. Hong Kong’s Hang Seng Index HK:HSI -4.51%   dove 4.3%, and the Shanghai Composite CN:000001 -1.36%  fell 0.9% in early moves. Japan’s Nikkei Stock Average JP:NIK -2.36%   dropped 2.2%, while Australia’s S&P/ASX 200 index AU:XJO -2.64%