- Shen Yun
In today’s market report… Korean chipmakers Samsung and Hynix jumped, shadowing gains by U.S. tech peers and helping to lift the KOSPI index. China's top automaker, Geely, saw sales more than double in December, helping to lift its Hong Kong-listed shares. Air China, meanwhile, soared on expectations of strong traffic in December and in...
In today’s market report… Asian stocks slipped as investors became cautious about companies' earnings prospects. Resource stocks were hit by a fall in the price of gold, and banks lost ground after international regulators proposed tough new capital protection rules that would start 2012. In Australia, the country's biggest brewer,...
Asian shares were up Tuesday boosted by Wall Street gains. The South Korean, Philippine and Thai central banks were spotted stepping into the market to stem appreciation against the US dollar. In Seoul, defense firm shares jumped after a report of a naval skirmish with North Korea in Yellow Sea waters off the west coast. No casualties were...
Asian shares fell Thursday after an unexpected drop in U.S. home sales last month. It’s restarted worries about global growth—and it’s led to a shift away from riskier assets. Worries about the U.S. economy lifted the yen against the dollar, helping to send the Nikkei below 10,000 for the first time in three weeks. Seoul's KOSPI index...
Today oil prices pushed up to a one-year high of over $79 dollars a barrel. It gave a boost to energy-related shares and helped stocks around the region recover. Asian shares hovered near 14-month highs on Monday, shaking off an early dip after disappointing earnings from U.S. corporate giants such as General Electric. South Korean technology...
Asian shares rallied on Thursday after the Dow's climb through the 10,000 mark, as investors bought regional exporters on U.S. economic optimism. Japanese automakers like Honda gained, pushing the benchmark Nikkei higher. It comes despite an overall tumble in U.S. car sales in September as the "cash for clunkers" program ended. Mitsubishi UFJ...
In today’s market report… Singapore's economy grew faster than expected in the third quarter, expanding by 14.9 percent. But the country’s central bank is remaining cautiously optimistic, saying the economic revival could taper off. Asian markets were mixed by and large today, with Japan closed for a holiday and Korea's Kospi lower on...
In today’s market report… Asian financial markets steadied near three-week lows, after weaker-than-expected U.S. jobs data spooked investors about the pace of global economic recovery. The U.S. employment figures raised doubts about how strong consumer demand is in the world's biggest economy. Japan's own jobless rate is declining, but...
In today’s market report… Asian shares edged higher ahead of key economic data due later in the week. ICBC, the world's largest bank by market value, agreed to buy a 19-percent stake in ACL Bank from Bangkok Bank for almost $105 million. Shanghai Pudong Development Bank, which is partially owned by Citigroup, said it had completed a...
In today’s market report… the yen rose to a near 8-month high against the dollar, pushing the Nikkei below the 10,000 mark. Japan's finance minister reportedly said current exchange rates are not anything strange, hinting that government intervention was unlikely. In the wake of the German election, the euro also climbed to its highest...
1. In today’s market report… Asian stocks hit their highest level in 13 months after U.S. economic data raised hopes that the global economic recovery is strengthening. 2. Shares in Japan rose as a Reuters Tankan survey showed the mood among Japanese manufacturers this month was at its highest level in a year. 3. Nissan gained after it...
In today’s market report… Air France-KLM is in talks for a potential Japan Airlines stake, as the Asian carrier plans service and staff cuts to slash costs by 30 percent. JAL hopes to raise about $1.1 billion by selling stakes to foreign carriers, with potential suitors now including Air France, Delta, American Airlines, and Korean...
Airlines and their suppliers are reporting tentative signs that a severe industry recession is bottoming out. At the Asian Aerospace expo in Hong Kong, Airbus' Chris Buckley said last week that more industry consolidation was possible before a rebound next year. [Christopher Buckley, Exec. VP, Airbus]: "We still sense in the coming months...
In today’s market report… the U.S. is imposing duties on tires from China leading to tensions between the two nations. The share price of Chinese tire makers plunged in early trade Monday, led by major producer Double Coin. Shares in South Korea also fell, as the steep duties on the Chinese exports sent Seoul's top tire makers...
In today’s market report… Chinese industrial output, investment and credit expanded faster than expected in August, while Japan lowered its quarterly growth slightly. Despite the expansion in industrial output, China’s export growth fell 20 percent on year in August. One Beijing official says economic fundamentals in the country are not...
Global car demand crumbled in the wake of the Lehman Brothers collapse, but the world's No.2 economy, Japan, is eyeing hybrids as one road back to recovery. At leading dealer Netz Toyota, signs of recession are hard to find as customers flock to see the top-selling Prius, helped by tax breaks and subsidies under a government initiative to...
In today’s market report… OPEC agreed to hold output targets steady at a meeting in Vienna. They’re vying that a global economic rebound will boost prices. Top exporter Saudi Arabia said oil prices above $71 a barrel meant no need for action, while OPEC's secretary-general said external conditions remained fragile. In July 2008 oil rose...
In today’s market report… gold futures cracked the $1,000 level in Asian trading. It comes as doubts about the U.S. dollar's strength and global economic recovery resurfaced. But traders doubted gold will keep the six-month peak, particularly if risk-aversion waned and equity markets resumed gains. Global gold demand fell almost 10 percent...
In today's market report... Asian PC and technology firms were up, cheered by predictions of rising shipments and increased spending. Tech firms such as Sony and Toshiba gained, uped by Intel comments that aging PCs and the launch of Microsoft's Windows 7 would boost sector spending. Japanese exporters were strengthened as the yen eased, and a...
In today's market report... reassuring comments out of China helped Shanghai's share index to surge, although Asian stock markets took only mild comfort. A top Chinese securities regulator said late on Wednesday that the share market was healthy and pledged to keep it stable. Global markets have recently taken cues from China's share market,...
In today’s Market Report…the Nikkei rose to a 10-month high. Exporters and mining-related shares gained on renewed optimism about a global economic recovery. The Australian dollar surged on expectations of a rate rise before the end of the year. But Hong Kong's Hang Seng tracked losses in Shanghai. It was down on concerns over increased...
Japan's Nikkei neared a 10-month high, buoyed by gains in Honda and other carmakers, while stocks in Shanghai declined on speculation China may take steps to tighten credit policy. Most Japanese and regional investors shook off U.S. economic and market jitters, focusing on firms like Japan's No.2 automaker after profitable earnings results....