Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits The ASX 200 dropped 0.6 per cent to 7,088 points at its close. Losses were seen across the board, with energy and industrial stocks leading the falls. “It’s still the best month we’ve had in more than eight years and the best start […]
Wuhan virus scare pushes Hong Kong: HANG SENG INDEX (.HSI) down 1.5 percent Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly Sars-like virus that has spread from China. The Hang Seng Index fell 1.5 percent, to end at 27,909. Travel sector and airline shares were hit badly . […]
Singapore: STI Index (.STI) Inflation Rises In December Singapore’s consumer price inflation rose more-than-expected in December, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Thursday. The consumer price index rose 0.8 percent year-on-year in December, following a 0.6 percent increase in November. Economists had expected a 0.7 […]
FTSE Bursa Malaysia KLCI (.KLSE) closes lower in line with regional markets Bursa Malaysia ended lower today, dragged by losses in index-linked heavyweights like Maybank, Tenaga and Petronas Chemicals, in line with the bearish performance of regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.54 points to 1,574.44 from yesterday’s […]
Shanghai: SSE Composite Index (.SSEC) stocks plunge over virus scare Hong Kong equities tumbled on Thursday morning trade as investors took flight over the deadly Sars-like virus that has spread from the mainland. The Hang Seng Index fell 1.7 percent, to 27,872 at the break. On the mainland, the Shanghai Composite Index fell 2.4 percent, […]
Australia: S&P/ASX 200 (.AXJO) smashes new records Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia before it even […]
Hong Kong: HANG SENG INDEX (.HSI) regains some lost ground despite virus jitters Hong Kong shares recovered some of the previous day’s sharp losses on bargain-buying on Wednesday but traders remain on edge as they await developments linked to the deadly Sars-like virus that has spread from China. The Hang Seng index climbed 1.3 percent, […]
Singapore: STI Index (.STI) Stock Market May Take Further Damage The Singapore stock market has moved lower in two straight sessions, giving away more than 35 points or 1.1 percent along the way. The Straits Times Index now rests just above the 3,245-point plateau and it’s expected to open under pressure again on Wednesday. The […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower dragged by losses in banking stocks Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday’s close […]
Shanghai: SSE Composite Index (.SSEC) Trade war is 2 years old, but China escapes with flesh wound It was this day in 2018 that President Donald Trump fired the first salvo against China by raising tariffs on solar equipment and washing machines. The series of tariff hikes that ensued has slowed growth in the world’s […]
Hong Kong: HANG SENG INDEX (.HSI) stock market index must be relevant A proposal to include some of the largest Hong Kong-listed mainland companies on the Hang Seng Index is timely and should be welcomed. Companies such as smartphone maker Xiaomi and technology behemoth Alibaba have market capitalisation and high daily trading volumes that require […]
Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets A last-minute jump helped the local bourse keep losses in check on Tuesday, as the emergence of a deadly virus in China weighed on Asian markets and contributed to the snapping of its five-day winning streak. The S&P/ASX 200 index declined 13 […]
FTSE Bursa Malaysia KLCI (.KLSE) pulls back in line with regional retreat Bursa Malaysia ended the day in the red on Tuesday line with the weak performance of its regional peers as losses in selected heavyweights continued to weigh on the local index. At 5pm, the benchmark FBM KLCI shed 1.55 points to 1,587.33 amid […]
Shanghai: SSE Composite Index (.SSEC) trade lower on concern about China virus The Chinese government announced there has been a fourth death from coronavirus. The outbreak, centered on the city of Wuhan, has sickened more than 200 people. Authorities said some infections were transmitted person-to-person, increasing the risk the disease might spread faster during the […]
Singapore: STI Index (.STI) May Add To Its Winnings The Singapore stock market has finished higher in two straight sessions, collecting almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,280-point plateau and it’s predicted to open higher again on Monday. The global forecast for the […]
FTSE Bursa Malaysia KLCI (.KLSE) closes at day’s low as telcos weigh Telcos snapped their recent rally on Monday, dragging the FBM KLCI into the red while the recovery in crude palm oil (CPO) prices was unable to lift the plantation heavyweights. At 5pm, the KLCI was down 6.93 points or 0.43% to 1,588.88. Turnover […]
Shanghai: SSE Composite Index (.SSEC) Stocks Mostly Up as Chinese Rates Stay Put Stocks in major Asian markets were mostly higher on Monday, with the People’s Bank of China keeping the loan prime rate unchanged. In Japan, the Nikkei 225 index gained 42.25 points, or 0.2%, to 24,083.51, despite shares of index heavyweight Fast Retailing […]
Australia: S&P/ASX 200 (.AXJO) shares extend gains; miners shine on metal prices Australian shares extended their record-breaking spree to a fifth session on Monday, mainly driven by mining stocks that gained on strong metal prices. The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a […]
Hong Kong: HANG SENG INDEX (.HSI) Cash in Profits Hong Kong shares finished on a negative note Monday as investors cashed in profits following last week’s gains. The Hang Seng index slipped 0.90 percent, or 260.51 points, to close at 28,795.91. The benchmark Shanghai Composite Index gained 0.66 percent, or 20.29 points, to 3,095.79, while […]
Australia: S&P/ASX 200 (.AXJO) Trade war truce It’s been coming for some time, but Donald Trump finally managed to sign a trade war ceasefire with China. It will see tariffs reduced on some Chinese products by the US and China has committed to buying billions of dollars of various products such as agriculture and resources, […]
Hong Kong: HANG SENG INDEX (.HSI) Shares Post Solid Weekly Gains Amid Trade Deal Signing, China GDP Growth The major Asia Pacific stock indexes closed mostly higher last week. Surprisingly, stocks were lower in China. That move was unexpected since most of the stories dominating the news last week were positive economic developments involving the […]
Shanghai: SSE Composite Index (.SSEC) A new epic — Chinese economy in 2020s With the arrival of a new decade, one predictable thing about China in the 2020s is that it is shifting into a higher-quality economy that is more open and abounds with new opportunities for global businesses. Despite a cloud of challenges, China’s […]
Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal That was despite alukewarm lead from Wall Street after the United States and China signed their long-awaited “phase one” trade agreement. The ASX 200 closed 0.7 per cent higher at 7,041 points, while the broader All Ordinaries index gained 0.6 […]
Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal The Hang Seng Index rose 0.4 per cent to 28,883.04 at the close. Thirty-two out of the 50 members on the benchmark gained. Sino Biopharmaceutical (1177 HK) was the best performer, climbing 4.8 per […]
Singapore: STI Index (.STI) Asia Mixed After Trade Pact Signed The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced more than 10 points or 0.3 percent. The Straits Times Index now rests just above the 3,255-point plateau although […]
FTSE Bursa Malaysia KLCI (.KLSE) recovers on late buying Bursa Malaysia recovered from earlier losses to close higher today in tandem with regional peers, lifted by late buying in selected index-linked counters led by Axiata. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.74 points higher at 1,587.88 compared with 1,585.14 at […]
Shanghai: SSE Composite Index (.SSEC) is expected to release key December economic data today Chinese stocks retreated for a third day, as traders looked past the tentative truce in the US-China trade war to focus on lingering issues that could still fray the relationship between Beijing and Washington. The Shanghai Composite Index dropped 0.5 per […]
$DIA $SPY, $QQQ, $RUTX, $VXX Wednesday, the DJIA closed above 29,000 for the 1st time plus the S&P 500 closed at a record high after the United States and China signed the Phase 1 trade agreement and pledged to resolve the 2 yr tariff dispute. The centerpiece of the agreement is a pledge by China […]
Australia: S&P/ASX 200 (.AXJO) nears 7000 The local sharemarket pushed to fresh record highs on Wednesday, brushing aside a soft lead from Wall Street sparked by renewed concerns towards progress in trade negotiations between the US and China in the months ahead. The benchmark S&P/ASX 200 climbed 32.6 points, or 0.5 per cent, to close […]
Hong Kong: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal Hong Kong and mainland stocks fell for a second straight day as investors moved to the sidelines amid lingering concerns over the US-China trade deal that will be signed later tonight in Washington. The Hang Seng […]
Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal Market sentiment dragged in Asia on Wednesday ahead of the U.S. and China signing a phase one trade deal. In Japan, the Nikkei 225 index faded 108.59 points, or 0.5%, to 23,916.58. The Japanese yen changed hands at 109.92 per U.S. dollar, strengthening from […]
FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, CI ends at intraday high Bursa Malaysia rebounded from earlier losses to close higher today, bucking the downtrend in regional stock markets, spurred by late bargain hunting in selected index-linked counters, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.54 points to finish […]
Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal China and Hong Kong stocks retreated on Wednesday, with benchmarks falling for a second day, as investors stepped back ahead of the signing of an interim trade deal between US and China in Washington. The […]
Documents to be released Wednesday will show skeptics that a Phase 1 US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, USTreasury Secretary Steven Mnuchin said Tuesday. President Trump is due to sign the trade pact with Chinese Vice Premier Liu He at a ceremony at […]
Hong Kong: HANG SENG INDEX (.HSI) stocks fall first time in four days The Hang Seng Index lost 0.2 per cent to 28,885.14 at the close, snapping a three-day, 3.1 per cent gain. Tencent Holdings (700 HK) and AAC Technologies Holdings (2018 HK) led the decline, while casino operators including Sands China (1928 HK) bucked the […]
FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, drifts lower Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets. At 5pm, the benchmark FBM KLCI closed 4.13 points, or 0.26% to 1,580.60 points. The index opened 0.26 point higher at 1,584.99 […]
Shanghai: SSE Composite Index (.SSEC) Stock Markets Drop in Afternoon Amid Tech Firms’ Reversals China’s mainland stock markets closed lower as tech firms walked back their earlier gains. The Shanghai Composite Index closed 0.28 percent down at 3,106.82. The Shenzhen Component Index fell 0.47 percent to 10,988.77. The ChiNext Price Index, which tracks growth enterprises […]
Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run The ASX 200 closed 0.9 per cent higher at 6,962 points — beating its previous record finish posted on Friday, with broad-based gains across most sectors. Mining stocks rallied into the close, including Rio Tinto (+1.9pc), Fortescue Metals (+1.9pc) and South32 […]
Hong Kong: HANG SENG INDEX (.HSI) closes at eight-month high propelled by gains in Tencent, Alibaba The Hang Seng Index climbed 1.1 per cent to 28,954.94 to close at the highest level since May 8. Tencent Holdings (700 HK) topped HK$400 for the first time in 18 months and Alibaba Group Holding (9988 HK) rose to a […]
Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street The Australian sharemarket is set for an upbeat morning after Wall Street hit new highs overnight, buoyed by gains in US technology stocks and optimism that a US-China trade deal is on track to be signed this week. The SPI200 futures contract […]
FTSE Bursa Malaysia KLCI (.KLSE) index set to recover this year Bursa Malaysia FBM KLCI index has high potential to recover this year backed by strong gross domestic product outlook and better corporate earnings. Kenanga Investors Bhd’s chief investment officer Lee Sook Yee said continuous reform and divestment of non-core investment in government-linked companies (GLCs) […]
Hong Kong: HANG SENG INDEX (.HSI) shares are rising as worries recede that the United States and Iran might be stepping closer to the edge of war Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. Japan’s benchmark […]
Shanghai: SSE Composite Index (.SSEC) markets rise as investors shift attention from US-Iran conflict Investors are turning their focus back to the US-China trade deal following a week of tense activity in the Middle East. On Friday, Japan’s Nikkei 225 rose 0.3%. South Korea’s Kospi gained 0.7%. Hong Kong’s Hang Seng Index edged up 0.2%, […]
Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020 Superannuation experts are warning fund members they should not expect the stellar returns of 2019 to continue this year, with increased regulation and more mergers poised to reshape the retirement savings landscape. Many super funds are yet to report their end-of-year results but […]
Hong Kong: HANG SENG INDEX (.HSI) rise as China confirms trade deal signing next week U.S. stocks climbed in early trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” deal is the opening step on […]
Bargain hunting lifts FTSE Bursa Malaysia KLCI (.KLSE) higher at close Bursa Malaysia reversed yesterday’s losses to finish higher today driven by bargain hunting in value stocks, particularly blue chips banking counters, following easing tensions between the United States and Iran. At the closing bell, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went up […]
Hong Kong: HANG SENG INDEX (.HSI) slips as Iran tensions send oil, gold up Hong Kong shares recovered slightly by the end of the morning session on Wednesday after opening sharply down as tensions between Iran and the US escalated dramatically with Tehran launching a missile attack. The Hang Seng Index fell 0.8 percent, to […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower in line with global markets on rising geopolitical tensions Bursa Malaysia ended lower today in line with global markets following rising tensions in the Middle East between Washington and Tehran. At the close, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.36 per cent or 21.94 points […]
Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks Australian shares trimmed losses on Wednesday after U.S. President Donald Trump’s comment on the Middle East tensions reassured investors rattled by Iranian missile attacks on U.S.-led forces in Iraq earlier in the day. The S&P/ASX 200 index closed down 0.1%, or 8.8 points, […]
Hong Kong: HANG SENG INDEX (.HSI) gains as Iran tensions ease, oil retreats Hong Kong stocks finished on a positive note on Tuesday, clawing back some of the previous two days’ losses as Middle East concerns ease, while investors turn their focus back to the global economy. The Hang Seng index added 0.3 percent, to […]
Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut The Australian sharemarket has enjoyed its best day in three weeks, with every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut. The […]
$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]
Shanghai: SSE Composite Index (.SSEC) stocks fall, oil continues climb Hong Kong stocks closed sharply lower on Monday, extending losses from last week fuelled by fears of a Middle East conflict after the US assassinated a top Iranian general. The Hang Seng index fell 0.8 percent, to 28,226. Rising oil prices boosted the energy sector […]
Hong Kong: HANG SENG INDEX (.HSI) slides, mainland markets jump on PBOC move Hong Kong stocks extended losses in the morning session on Monday, hit by concerns about a possible Middle East conflict after the US killed a top Iranian general last week, though energy firms were boosted by surging oil prices. The Hang Seng […]
Additional Selling Pressure Tipped For Singapore: STI Index (.STI) Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.62 percent, or 19.96 points, to close at 3,218.86. A total of 1.32 billion shares changed hands with a turnover of 1.02 billion Singapore dollars (about 755.44 million U.S. dollars). Losers […]
FTSE Bursa Malaysia KLCI (.KLSE) below 1,600 while oil, gold rally The FBM KLCI pared some of its loss at the midday break today, but overall market sentiment stayed negative in line with the regional downtrend following the fresh Middle East tensions. At 12.30pm, the FBM KLCI fell 15.19 points to 1,596.19. The index had […]
Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar The ASX has bounced back from its early losses to close slightly higher, powered by strong gains by gold miners and oil producers as both commodities moved higher amid tension in the Middle East. The S&P-ASX200 index fell 61.8 points in the first 11 […]
Hong Kong: HANG SENG INDEX (.HSI) markets slump amid rising US-Iran tensions in the Middle East Most regional equity markets fell sharply yesterday, tracking the global slump on Friday as tensions between the US and Iran escalated following the killing of one of the Islamic republic’s top generals in Baghdad. Qassem Suleimani, the head of […]
Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US Australian shares are set to open lower as investors, wary of a still further escalation of military activity between Iran and the US, dash at least near-term hopes for an extension […]
Shanghai: SSE Composite Index (.SSEC) Ahead of Chinese New Year, central bank lets loose $115bn China’s central bank will lower the level of cash reserves that commercial lenders are required to maintain, hoping to stimulate loans to small businesses and avert any cash crunch during the Lunar New Year in late January. The 0.5 percentage-point cut […]
Singapore: STI Index (.STI) shares off to strong start for the year Investors were filled with new year optimism yesterday, giving 2020 a surprisingly buoyant start. Singapore’s Straits Times Index (STI) shot up by as much as 1 per cent at one stage before ending the session at 3,252, up 29.17 points or 0.9 per […]
FTSE Bursa Malaysia KLCI (.KLSE) off 2020 on a positive note Bursa Malaysia kick-started the New Year on a positive note, as bargain hunters emerged on beaten-down stocks, said a dealer. At 10.30 a.m. today, there were 407 gainers, 213 losers and 324 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,596.05, […]
Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open Australian shares are poised to catch an overseas New Year rally at the open, helped in part by a slide in the local currency. ASX futures were up 48 points or 0.7% to 6672 near 5.50am AEDT. The […]
Hong Kong: HANG SENG INDEX (.HSI) again proves itself to be the comeback town Hong Kong’s stock market was hammered by the US-China trade war, violent protests and the mainland’s economic slowdown. But it came roaring back, gaining 9.1 per cent in 2019 and keeping the crown as the world’s largest initial public offering market. […]
$MSCI, $DAX, $FTSE, $SPY Asian shares kicked off Y 2020 on a strong note Thursday, driven by Chinese markets after Beijing eased monetary policy to support its slowing economy. Investors cheered news that the United States and China will sign a trade pact on 15 January after months of negotiations between the world’s 2 largest […]
Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value While Forex traders were cheering the Australian Dollar’s breakout above the psychological 70 cents level on Tuesday, there was a bloodbath in the Australian stock market as traders swamped the Australian Stock Exchange with sell orders on the final […]
Hong Kong: HANG SENG INDEX (.HSI) worries are still hanging over the city after its economy plunged into recession After a year framed by local unrest and the U.S.-China trade war, investors in Hong Kong’s financial markets are more sanguine going into 2020. The city’s Hang Seng Index has rallied 7.1% in December, among the […]
Singapore: STI Index (.STI) ends 2019 in the black after roller-coaster year Analysts eyeing catch-up rally in the new year should trade and manufacturing recover Stocks slipped globally in quiet New Year’s Eve trading Tuesday with many markets closed. Wall Street could close 2019 with back-to-back daily losses in a year that the U.S. posted […]
Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year Australian shares are poised to open lower in the final trading day of the year. ASX futures were down 61 points or 0.9% to 6680 near 7am AEDT. The local currency edged 0.3% higher to top US70¢. Through Monday’s close, the S&P/ASX 200 […]
Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper The Hang Seng Index rose to its highest level in five months Monday, as traders bought up property stocks that have lagged the overall market due to protests that have rocked the city since June. Hong […]
Singapore: STI Index (.STI): Investors focusing on Singapore flash Q4, full-year GDP data As 2019 comes to a close, market activity is likely to remain tepid with traders still making their return from their holiday break. That said, liquidity in the region’s markets will likely pick up towards the end of the week, with the […]
Hong Kong: HANG SENG INDEX (.HSI) Touches 5-Month High in Otherwise Lackluster Trading Week The major Asia Pacific shares finished mostly higher last week, but gains were mixed due to the lack of fresh news over the U.S.-China trade deal, and low holiday trading volume. Traders remained optimistic about the trade agreement, but were still […]
Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break Australian shares are poised to dip after returning from a two-day Christmas break, despite shares on Wall Street touching fresh record highs in overnight trade. ASX futures are down 5 points, or 0.1 per cent, to 6710. All three […]
Hong Kong: HANG SENG INDEX (.HSI) ‘Santa Rally’ could carry on Futures in Japan and South Korea opened mildly higher, suggesting sentiment remains positive and the ‘Santa Rally’ could carry forward towards year-end. In Asia Pacific, major markets including Hong Kong and Australia are closed today. Crude oil prices extended its upward trajectory and hit […]
Singapore: STI Index (.STI) recovery in doubt after shock manufacturing fall Singapore’s factories produced far less than expected in November, underlining the tentativeness of the recovery in the global electronics industry and the continuing fallout from the trade war that has hit export-dependent economies. The setback, after two months’ of fairly positive data, raises fresh […]
FTSE Bursa Malaysia KLCI (.KLSE) pares gains in muted post-Christmas trade The FBM KLCI pared some of its gains at mid-morning today, tracking the quieter regional markets in post-Christmas trade. At 10am, the FBM KLCI was up 0.34 points to 1,604.57. The index had earlier risen to a high of 1,607.12. Gainers led losers by […]
Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares Australian shares are tipped to open in the positive ahead of Christmas, buoyed by a rally on international markets. The S&P 500 – the main benchmark in the US – closed on Friday up about 15.8 points or 0.5 per cent, and the Dow Jones […]
Hong Kong: HANG SENG INDEX (.HSI) advances for third straight week Hong Kong stocks inched up Friday, with gains in selective local property stocks helping keep the index afloat. China benchmarks ended lower, as investors stayed on the sidelines amid uncertainties on China’s economic outlook. The Hang Seng ended the week up less than 0.3 […]
Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO) The Australian sharemarket has closed lower after positive November jobs data pared the chances of a February interest rate cut and took the gloss off local equities. The benchmark S&P-ASX 200 index finished Thursday 18.3 points lower at 6833.1, while the broader all ordinaries slipped […]
All three local banks lead charge, keeping Singapore: STI Index (.STI) in positive territory Singapore equities outperformed most other regional markets, some of which are showing signs of fatigue after a strong run that began in the lead-up to last Friday’s confirmation of a US-China “Phase One” trade deal. “Equity markets are enjoying a massive […]
$SOY Tuesday, Chinese importers bought at least 2 cargoes of US soybean after receiving another round of tariff-free quota for US shipments. The sales, the 1st since Washington announced an interim trade deal with Beijing last week, may also be China’s last large US purchases before newly harvested soybean from Top supplier Brazil begin hitting […]
Australia: S&P/ASX 200 (.AXJO) flat as financial, mining sectors slip The Australian sharemarket has closed flat for a second straight day, as banks and the mining sector weighed on gains by CSL and the energy sector. The benchmark S&P-ASX 200 index finished on Wednesday up 4.1 points to 6851.4, while the broader all ordinaries was […]
Shanghai: SSE Composite Index (.SSEC) investors await concrete details from Beijing and Washington on their initial agreement to defuse the 17-month-long tariff war China stocks took a breather on Wednesday from three sessions of gains, retreating from multi-month highs, as weary investors awaited concrete details from Beijing and Washington on their initial agreement to defuse […]
Wider, deeper opening up to reshape China’s economic landscape Opening up has been among the major policy moves that underpinned China’s huge economic growth over the past decades, and even though protectionism is on the rise, the country has been steadily delivering its promise of opening its doors wider. At a Key economic conference earlier […]
FTSE Bursa Malaysia KLCI (.KLSE) higher on Bandar Malaysia revival Bursa Malaysia closed at its intraday high today, riding a wave of optimism on the revival of the Bandar Malaysia project, analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.48 per cent or 7.60 points to 1,576.95 compared with Monday’s close […]
Shanghai: SSE Composite Index (.SSEC) posting an eight-month closing high China stocks extended gains into a third session on Tuesday, with the blue-chip index posting an eight-month closing high, boosted by an interim China-U.S. trade deal which helped temper a key external risk to its financial markets. The blue-chip CSI300 index rose 1.4%, to 4,041.80, […]
Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom Australian shares fell early last week, with banking stocks leading losses, as investors waited to see if Washington will proceed with new tariffs on China that could change the course of their months-long trade war. The S&P/ASX 200 index snapped a three-session rally to end […]
Australia: S&P/ASX 200 (.AXJO) close to historical highs The S&P/ASX 200 had its best one-day rally since May, up 1.6 per cent today to 6849.7 points and did get as high at 6866 just before the close. This falls short of historical highs. The S&P/ASX 200’s highest closing price was 6864 points on November 28, […]
Hong Kong: HANG SENG INDEX (.HSI) slips as trade deal optimism wanes Hong Kong stocks finished the morning session slightly lower on Monday as dealers await concrete details of the partial trade pact agreed between China and the US last week. The Hang Seng index eased 0.4 percent, to 27,585 by the break. On the […]
Singapore: STI Index (.STI) continues to strengthen but no sign of breakout The Straits Times Index has staged a rebound during the week, and is now facing resistance at its flattening 200-day moving average at 3,224. Short-term stochastics is turning up from the low end of its range and looks set to move higher. The […]
FTSE Bursa Malaysia KLCI (.KLSE) pares gains, poised to erase loss on window dressing The FBM KLCI pared some of its loss at the midday break today on some minor window dressing activities, against the backdrop of firmer regional markets. At 12.30pm, the FBM KLCI was down 0.55 points to 1,570.61. The index had earlier […]
Shanghai: SSE Composite Index (.SSEC) higher on strong economic data China stocks rose Monday on stronger-than-expected November economic data, but Hong Kong shares fell on profit taking. The Shanghai Composite Index rose 0.6 per cent to 2,984.39, while the CSI 300, which tracks blue chips listed on Shenzhen and Shanghai, rose 0.5 per cent to […]
Australia: S&P/ASX 200 (.AXJO) shares to start in positive mood Australian shares can expect to get off to a positive start to the week after two major uncertainties that have been undermining the global economy finally are lifted. Heading into the week, phase one of the hotly disputed trade negotiations between the US and China […]
Hong Kong: HANG SENG INDEX (.HSI) Trade war breakthrough China and the US have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase-one deal that will halt further tariff increases and lower some already in place, Vice-Minister of Commerce Wang Shouwen announced on Friday. Speaking in a late-night press conference […]
FTSE Bursa Malaysia KLCI (.KLSE) May Add To Its Winnings The Malaysia stock market on Wednesday snapped the two-day slide in which it had fallen almost 7 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,565-point plateau and it’s looking at another green light again on Thursday. The global […]
Shanghai: SSE Composite Index (.SSEC) Brace Yourself, Today Could be US-China Tariff Decision Day Stocks in Asia closed mixed, with China’s Shanghai Index falling -0.3% and the Australian ASX 200 down -0.7% while the Hong Kong Hang Seng gained 1.3%, and the South Korean Kospi rose 1.5%. The major European equity indices were all slightly in […]
Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold The Australian dollar jumped to 68.8 US cents, its highest value in five weeks, due to a weaker greenback following the Fed’s interest rate decision. It also lifted sharply to 52.1 British pence as the latest polls revealed that UK Prime […]
Singapore: STI Index (.STI) global forecast is upbeat The Singapore stock market on Wednesday ended the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now rests just above the 3,170-point plateau and it’s called higher again on Thursday. The global forecast for the Asian markets […]
Hong Kong: HANG SENG INDEX (.HSI) jumps in early trading, powered by AIA, Tencent, while China markets dip The Hong Kong and mainland Chinese markets are expected to open with small gains on Thursday, as the wait for a trade deal between the United States and China goes on. An added factor to watch this […]
Shanghai: SSE Composite Index (.SSEC) stocks get small gains amidst investors’ “observation mode” The Hang Seng Index declined by 0.2 per cent to 26,436.62. However, markets in China reversed early losses, getting small gains by the close. The Shanghai Composite Index ended 0.1 per cent, or 2.84 points, higher at 2,917.32. The Shenzhen Component Index […]
