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

Stocks and Markets in the News | Asian Markets at Close: Asia rallies with Tokyo in lead, but Shanghai lags

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By V. Phani Kumar and Chris Oliver , MarketWatch  HONG KONG (MarketWatch) — Asian markets were broadly higher Friday, with Japan’s Nikkei ending at its highest level in over three months as the yen continued to weaken, while HSBC Holdings PLC led banks higher in Hong Kong.  Piper Jaffray sales trader Andrew Sullivan in Hong Kong said regional markets also got a boost as traders closed out short positions ahead of the weekend amid improving investor sentiment over the short-term outlook.  “Stimulus expectations are being managed as investors realize that we are in the holiday period and the chance of any action is limited,” Sullivan said.  Reuters He added that investors appear resigned to the fact that coordinated action to bolster asset markets might not be forthcoming from global monetary authorities until September.  Also helping to boost stocks in Tokyo, the Japanese government forecast nomina

Stocks and Markets in the News | Asian Markets at Close: Asia stocks climb on hopes for monetary stimulus

By Sarah Turner , MarketWatch  HONG KONG (MarketWatch) — Asian markets rose Tuesday as investors continued to hope global central banks will provide stimulus to support growth, with Hong Kong stocks extending gains in afternoon trading in response to better-than-expected economic data from Europe.  South Korea’s Kospi KR:SEU +1.27%  climbed 1.3%, Japan’s Nikkei Stock Average JP:100000018 +0.50%  rose 0.5%, Australia’s S&P/ASX 200 Index AU:XJO +0.21%  gained 0.2% and Taiwan’s Taiex XX:Y9999 +0.58%

Stocks and Markets in the News | Asian Markets at Close: Asia stocks add to gains on Europe optimism

By Sarah Turner , MarketWatch  SYDNEY (MarketWatch) — Asian stocks advanced Tuesday, extending steep gains made in the previous session, amid fresh hope for European action to support the region’s weaker economies. After gaining 2% the previous day, the Japanese Nikkei Stock Average JP:100000018 +0.88%  advanced 0.6%. Australia’s S&P/ASX 200 index AU:XJO +0.42%  climbed 0.4%, and Hong Kong’s Hang Seng Index HK:HSI +0.22%  rose 0.3%.  Lagging much of the region, South Korea’s Kospi KR:

Stocks and Markets in the News | Asian Markets at Close: Asia stocks up solidly on U.S. jobs, China hopes

By Sarah Turner and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Asian stock markets were bolstered on Monday after the U.S. economy added more jobs than expected in July, and the Chinese central bank said it will preemptively adjust monetary policy amid weakening economic indicators.  Japan’s Nikkei Stock Average JP:100000018 +2.00%  jumped 2% for its best percentage gain since June 11, while Hong Kong’s Hang Seng Index HK:HSI +1.69%  climbed 1.7% to 19,998.72, just shy of the key 20,000-point mark, although it had topped the psychologically-important level during the session, for the first time since mid-May.  Jamie Spiteri, head of trading at Shaw Stockbroking in Sydney, said the day’s gains fol

Stocks and Markets in the News | Asian Markets at Close: Asia stocks mostly retreat; Shanghai shares rise

By Sarah Turner and V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — A number of Asian stock markets declined Wednesday after data showed manufacturing activity deteriorated in several countries in the region, with caution also setting in ahead of this week’s monetary policy decisions in the U.S. and Europe.  Mainland Chinese stocks rebounded amid expectations that Beijing may further relax its policies, and after the country’s securities regulator encouraged listed firms to buy back shares.  Will Fed pull trigger to save economy? Attention is focused on Wednesday’s Federal Reserve announcement and whether any new easing moves will surface. Photo: Getty Images.  Japan’s Nikkei Stock Average JP:100000018 -0.61%  fell 0.6%, Australia’s S&P/ASX 200 index