The S&P/ASX 200 index was up 4.3% at 5,286.80 at the close of trade, after the benchmark closed 1.7% down Friday. Southeast Asian stock markets are higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections. Major European nations reported lower virus death rates, with Italy seeing the […]
Shanghai: SSE Composite Index (.SSEC) – Shares rebound on glimmers of progress in battling virus Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas. Markets in Tokyo, Seoul and Sydney gained more than […]
How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO) COVID-19 hit equity markets around the world swiftly and sharply. Equities, as is often the case in crises, have been characterised by exceptionally high levels of volatility, as increased weightings in illiquid assets have forced many investors to liquidate where they can rather than where is […]
Hong Kong: HANG SENG INDEX (.HSI) – Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence The slumping equity market has prompted some Hong Kong developers and their majority owners to step in and shore up support for investors, while increasing their stakes at the same time. […]
Due to the developing situation in China and Asia concerning the Coronavirus, this article has been prepared as a running live update service to keep businesses involved in ASEAN updated with the latest relevant regional news. Travel Advisory: we are hearing accounts of travelers in some ASEAN countries being denied entry if they possess any China visa […]
Hong Kong stocks slipped Friday to end the week lower, as risk-averse sentiment strengthened on continued spread of the coronavirus with infections surpassing 1-M globally. At the close of trade, the Hang Seng index was down 43.95 points, or 0.19%, at 23,236.11. The Hang Seng China Enterprises index fell 0.37% to 9,491.1.The sub-index of the […]
The Fog of War obscures much about the novel coronavirus pandemic. But 2 facts are certain, 1) China’s Communist authorities have lied, concealed and misled about the origins of the epidemic and the toll of the virus in China, and 2) the World Health Organization has acted as Beijing’s handmaid. The result: The global toll of this […]
Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue The Australian share market has lurched back into the red after US stocks were hammered overnight on warnings of a mounting coronavirus death toll. The S&P/ASX200 benchmark index was down 178.3 points, or 3.39 per cent, at 5,080.3 at 1015 AEDT on Thursday, having earlier […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks fall on lagging worries about virus, recession Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan’s benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to […]
Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China and SKorea, the […]
Shanghai: SSE Composite Index (.SSEC) – Asian stocks mixed as economic toll of virus worsens Asian stocks were mixed Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak’s global economic cost increased. Benchmarks in Tokyo and Sydney declined […]
Australia: S&P/ASX 200 (.AXJO) making strong gains Australia’s stock market carved its own path on Wednesday, making strong gains despite Asian markets falling and US futures pointing to a weak performance on Wall Street overnight. The energy sector – one of the most sold since the start of the year – led the gains with […]
FTSE Bursa Malaysia KLCI (.KLSE) falls 28.23 points; Asian markets slugged Bursa Malaysia finished the first trading of the second quarter lower on Wednesday, in line with broader Asia markets. At closing, the FBM KLCI retreated 28.23 points, or 2.09% to 1,322.66. The index opened 5.99 points lower at 1,344.90 this morning. Losers outnumbered gainers […]
Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread. The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at […]
Shanghai: SSE Composite Index (.SSEC) stocks firm as investors expect more stimulus measures China stocks on Wednesday started the second quarter of the year on a firm note, as investors expected more stimulus measures to counter the economic impact from the coronavirus pandemic. At the midday break, the Shanghai Composite index was up 0.3% at […]
Hong Kong: HANG SENG INDEX (.HSI) now trading below its net asset value for only the third time in almost 30 years Hong Kong’s stocks are so beaten down that the Hang Seng Index is now trading below its net asset value for only the third time in almost 30 years. The 50-member benchmark was […]
Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved The ASX 200 closed down 2 per cent or 104 points to 5,076. Earlier in the day, the benchmark indexhad jumped as high as 3.6 per cent, before suffering a sharp reversal in sentiment […]
Shanghai overtook Hong Kong as the world’s top initial public offering (IPO) destination in the first three months of the year, but mega deals waiting in the wings for calmer markets could yet shake up the full-year rankings. The Shanghai exchange’s stellar performance in the first quarter was in part due to the 30.7 billion […]
Shanghai: SSE Composite Index (.SSEC) stocks climb as factory activity rebounds, spurs hopes of recovery China shares climbed on Tuesday after the country reported a better-than-expected industrial activity, spurring hopes that the world’s second-largest economy is starting to recover from the shock of the coronavirus pandemic. At the midday break, the Shanghai Composite index was […]
Southeast Asian stock markets rose Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating. Indian shares edged up Tuesday, tracking broader Asian peers, after upbeat factory data from China gave investors hope of […]
Hong Kong: HANG SENG INDEX (.HSI) likely to find renewed support The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had accelerated almost 1,850 points or 8.3 percent. The Hang Seng Index now rests just above the 23,175-point plateau […]
Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session The Australian share market has risen more than three per cent as stimulus-driven gains carried into a second session. The S&P/ASX200 benchmark index was up another 140.3 points, or 2.71 per cent at 5,321.7 by 1200 AEDT […]
Shanghai: SSE Composite Index (.SSEC) – Asia shares suffer virus chills, central banks offer cold comfort Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European futures also turned […]
Hong Kong: HANG SENG INDEX (.HSI) tipped to open under pressure The Hong Kong stock market rebounded on Friday, one day after it had snapped the two-day winning streak in which it had accelerated almost 1,850 points or 8.3 percent. The Hang Seng Index now rests just above the 23,480-point plateau although it’s tipped to […]
Australia: S&P/ASX 200 (.AXJO) shares are expected to fall Australian shares are expected to fall, reflecting in part more selling on Wall Street over the weekend, as the global number of coronavirus cases and the death toll leapt higher. ASX futures were up 6 points or 0.1 per cent to 4834 at 3.59pm on Friday […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks jump after Wall Street’s massive gains Asian markets jumped Wednesday, following Wall Street’s major surge overnight as US lawmakers inched closer to approving a stimulus bill to respond to the coronavirus crisis. Japan’s Nikkei 225 surged 6%. Australia’s S&P/ASX 200 rose 2.5%. South Korea’s Kospi gained more than […]
Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers The ASX200 benchmark index has had three straight days of gains, after finishing Thursday up 2.3 per cent while the All Ordinaries index closed up 2.58 per cent. The Australian dollar was buying 60.66 US cents at 0700 AEDT, up from 59.14 US cents as […]
Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian Stocks Set for Mixed Start Asian stocks were poised for a mixed start, following the first back-to-back gains for global equities since mid-February, as negotiations in Congress continued toward a vote on the U.S. stimulus bill later this week. S&P 500 futures fluctuated in Asia after the […]
Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row The broader All Ordinaries index also finished higher, closing 5.32 per cent higher at 5,006.20 points. The late rally coincided with news from Washington that the US government had agreed to pass the […]
Australian shares jumped 5% Wednesday, ending just short of the 5,000 mark, fuelled by a bout of last-minute buying after the US government agreed on a massive stimulus package to mitigate the impact of the coronavirus pandemic. The S&P/ASX 200 index unofficially ended the session about 3.2% higher but clocked a gain of over 2% […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian markets rally after Federal Reserve launches unlimited bond buying to shore up coronavirus-battered US economy Asia-Pacific stocks rallied on Tuesday after the US Federal Reserve launched unlimited bond buying and took other steps while the US Congress appeared closer to a deal on a massive stimulus package to boost […]
Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system Lowe revealed that over the past few weeks, the RBA has injected “substantial extra liquidity into the financial system through our daily market operations.” He also revealed that the RBA will conduct one-month and three-month repurchase (repo) operations each day. In […]
Just in: S&P 500 futures Vs fair value: +108.60. NAS Comp futures Vs fair value: +352.30. $SPY $QQQ Most Southeast Asian stock markets rebounded on Tuesday as global and regional stimulus measures to stem the financial impact of the coronavirus pandemic lifted investor sentiment, while Thailand prepared to enter a month-long emergency. Thai shares gained […]
Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]
Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating Bank stocks suffered another battering on Monday, with National Australia Bank reaching a price not seen since John Howard was elected Prime Minister. The financial sector was sold off as it appeared more likely Australia is heading for a severe recession, with long […]
Australian shares are expected to open lower Monday as the widespread closure of venues across the country offset new fiscal stimulus from the government to stem a coronavirus-induced slowdown. New Zealand’s benchmark index dove more than 10% and was on course for its worst session ever after the country announced a move to enter lockdown […]
Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures After half an hour of trading the industrials, consumer discretionary and property trust indices had tumbled more than 9 per cent. Energy, Info tech and financials plummeted more than 8 per cent and telcos, health care and utilities fell more than 7 per cent. Consumer staples were […]
$MSFT $BRK.A $BRK.B The coronavirus was 1st publicly identified in Wuhan, China, dubbed The China Virus, in November 2019 is a new coronavirus, the 7th coronavirus identified that is able to infect humans, 6 other coronaviruses are capable of infecting humans and these can cause diseases which range from mild to severe, and include the […]
Hong Kong: HANG SENG INDEX (.HSI) Shares in Asia fail to hold Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a […]
Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally Australian shares are poised to open higher as Wall Street was lifted by a tech stock rally, though trading was choppy and the top three US benchmarks ended well off their intraday peaks. ASX futures were up […]
Philippines plunged 24% Thursday on reopening after a 2-day hiatus, while other Southeast Asian stock markets also sustained heavy losses on fears over the economic damage from the coronavirus pandemic. Indonesian equities fell 5%, triggering a circuit breaker for the 4th time in 6 sessions. Financial and consumer stocks were the biggest losers, with Bank […]
Coronavirus: South Korea, China and Singapore are among the Asian countries facing a second coronavirus wave South Korea, China and Singapore are among the Asian countries facing a second coronavirus wave, spurred by people importing it from outside. China, where the virus first emerged, reported no new domestic cases on Thursday for the first time […]
Hong Kong: HANG SENG INDEX (.HSI) now trades at 99% of book value A month into one of the fastest global market meltdowns in recent history, investors aren’t willing to pay more than liquidation value for stocks in Hong Kong. The 50-member Hang Seng Index now trades at 99% of book value, a level only […]
Australia: S&P/ASX 200 (.AXJO) Investors brave another day Investors braved another day of wild volatility on the local sharemarket on Wednesday, as the bourse undid its gains from the previous session. The S&P/ASX 200 Index slid 340.2 points, or 6.4 per cent, to 4953.2 wiping another $102.3 billion from the boards and closing below 5000 […]
Japanese stocks advanced Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. Australian shares are set to open slightly lower on Wednesday as unnerved investors took note of the US Fed […]
Recognizing a marked slowdown in new infections at the epicenter of the coronavirus, China’s Top health commission says the virus has passed its peak in the nation. Travel restrictions being lifted, and businesses reopening in Wuhan. Businesses in Wuhan and Hebei Province have reopened while authorities ease travel restrictions. “Broadly speaking, the peak of the […]
Shanghai: SSE Composite Index (.SSEC) – COVID-19: Global markets fall into bear territory Markets fell sharply this week, as the rapid spread of the COVID-19 virus continues to weigh on business activities around the globe. U.S markets fell in excess of 16% this week, with the Dow Jones Industrial Average plunging 10%, its highest drop […]
Australia: S&P/ASX 200 (.AXJO) are poised to open higher Australian shares are poised to open higher, following a stunning rally on Friday in New York which caused all three big US benchmarks surge more than 9 per cent. ASX futures were up 61 points or 1.1 per cent to 5655. The local currency pared a plunge to […]
Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian shares plunge after Wall Street’s worst day since ’87 Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears […]
‘Zero-sum game’ for FTSE Bursa Malaysia KLCI (.KLSE) amid COVID-19 fears Malaysia’s equity market experienced a ‘zero-sum game’ last week as the outflow and inflow of funds were equal despite mounting fears over the COVID-19 pandemic that had triggered panic in the overseas markets. The local market was well supported by buying activities from both […]
Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff News the United States will temporarily suspend travel from Europe saw fears over a global recession escalate sharply on Thursday, leading to another brutal selloff in Australian shares which tumbled to the lowest level since in over three years. The benchmark S&P/ASX […]
Hong Kong: HANG SENG INDEX (.HSI) stocks fall on doubts over stimulus efforts against virus Hong Kong stocks closed lower on Wednesday, tracking Asian markets that fell due to growing uncertainty over global policy efforts to arrest the economic loss from the coronavirus epidemic. The Hang Seng index fell 0.6% to 25,231.61, while the China […]
FTSE Bursa Malaysia KLCI (.KLSE) sinks as selling in global equities accelerates Bursa Malaysia tracked the performance of the major markets lower amid the escalating threat of the Covid-19 outbreak. At the end of the morning session, 887 counters on the local stock exchange were in the red versus 134 in positive territory and 173 […]
Shanghai: SSE Composite Index (.SSEC) – Asian shares sink after pandemic news Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s benchmark Nikkei 225 dived 4.4% to 18,559.63. Australia’s S&P/ASX 200 dropped 7.4% to 5,304.60. South Korea’s Kospi dipped 4.7% to 1,817.87. Hong Kong’s […]
Hong Kong: HANG SENG INDEX (.HSI), Shanghai stocks slip despite US boost Hong Kong and Shanghai stocks ended with losses on Wednesday as an early rally fuelled by US economic support gave way to longstanding worries about the economic impact of the coronavirus outbreak. Hong Kong’s Hang Seng Index lost 0.6 percent, to 25,231. On […]
FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend to close higher Bursa Malaysia closed higher Wednesday, bucking the trend of its regional peers, boosted by positive investors sentiment following several announcements made by the government to address the economic slowdown in the country. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.36 points […]
Shanghai: SSE Composite Index (.SSEC) – Profit Taking Drives China Stock Markets to Lower Close After Early Rise Investors cashed in their chips in the afternoon following Chinese stock markets’ buoyant opening after yesterday’s rise in the US, thus undermining the day’s earlier gains and drawing the overall market down as the curtain fell. The Shanghai Composite […]
Shanghai: SSE Composite Index (.SSEC) bounces back after Monday slump Hong Kong and Shanghai shares jumped on Tuesday following the previous day’s rout, with energy firms tracking a bounce in oil prices and firms linked to Hubei, the centre of the coronavirus, rallying after Xi Jinping visited the province. Hong Kong’s Hang Seng Index climbed […]
FTSE Bursa Malaysia KLCI (.KLSE) rebounds but sentiment on oil & gas stocks remains fragile While the broader market and the energy index staged a technical rebound today after a steep fall on Monday, some heavily sold oil & gas (O&G) stocks remained in negative territory as investors remain wary about the sector’s outlook. Dayang […]
Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week Australian shares rebounded on Tuesday after a horror start to the week, but market watchers warn that volatility is likely to persist until there are signs of progress in containing the novel coronavirus. After tumbling close to 4 per cent on the open […]
Hong Kong: HANG SENG INDEX (.HSI) stock market rally as tapering new cases of coronavirus spur traders to hunt for bargains after Monday’s sell-off Asian stock markets recovered from Monday’s rout as traders returned to hunt for bargains in the belief that the panic sell-off a day earlier had been overdone. Benchmark indexes rose in […]
Shanghai: SSE Composite Index (.SSEC) – Asia stocks plunge on virus fears, oil prices Stock markets plunged around Asia on Monday, as panic selling set in with traders fretting over the economic impact of the new coronavirus and digesting a free-fall in the oil price. By mid-morning, the benchmark Nikkei 225 index had dropped 5.10 […]
Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis The Australian share market has lost almost $140 billion in Monday’s trade, amid the economic fallout from the coronavirus and an oil price war. At the same time, the Australian dollar briefly tumbled to just above […]
Hong Kong: HANG SENG INDEX (.HSI) stocks plunge more than 1,000 points in worst fall in more than two years The benchmark stock index of Asia’s third-largest financial market made its biggest intraday percentage drop in more than two years, as plunging oil prices added to the weight of a spreading coronavirus outbreak in driving […]
FTSE Bursa Malaysia KLCI (.KLSE) plunges to nine-year low as oil prices crash The oil price rout triggered panic selling on Bursa Malaysia today, with the FBM KLCI plunging as much as 60.45 points or 4.1% to 1,422.65 points at one stage, the biggest drop since the 2008 global financial crisis. However, the key index […]
Shanghai: SSE Composite Index (.SSEC) – China’s trade economy slowly coming back to life, but US$190 billion export hit expected China’s trade economy is slowly coming back to life, but the coronavirus outbreak has already inflicted huge and lasting damage to global trade. A series of metrics showed that this week, China made significant progress […]
Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets Australian shares are set to drop, following overseas markets, as investors continue to reprice equities with the number of confirmed cases of the coronavirus outside of China expected to rise ever higher this week. ASX futures were down 93 points or 1.5 per cent to […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian shares drop as virus fears grip markets again Asian shares slipped Friday as fears about the virus outbreak once again dominated financial markets. Japan’s benchmark Nikkei dived 3.1% to 20,663.32. Australia’s S&P/ASX 200 lost 2.1% to 6,259.20. South Korea’s Kospi dropped 2.3% to 2,037.08. Hong Kong’s Hang […]
It has been another sizzling hot week on Instagram with some posts almost sending the photosharing app into meltdown. Kate Upton Kate Upton joined the barrage of celebrities hitting Instagram to honor its weekly thirstythursday hashtag. The 27-year-old new mum, model and actress has lit up Instagram with her minishorts and Orange bikini posts lately […]
Australia: S&P/ASX 200 (.AXJO) volatility in shares continue The volatility in shares continued on Thursday, with the local sharemarket reversing falls from the previous session to close markedly higher after a positive lead from overseas. The S&P/ASX 200 Index ended the day 70.3 points, or 1.1 per cent, higher at 6395.7, leaving the benchmark 10.7 […]
Hong Kong: HANG SENG INDEX (.HSI), mainland markets soar on rate cuts Hong Kong and Shanghai shares rallied on Thursday following a surge on Wall Street, while investors were cheered by global central bank moves to mitigate the impact of the coronavirus. Hong Kong’s Hang Seng Index jumped 2.1 percent, to 26,767. On the mainland, […]
Singapore: STI Index (.STI) Market Expected To Extend Its Gains The Singapore stock market has tracked higher in consecutive trading days, gathering more than 15 points or 0.5 percent along the way. The Straits Times Index now rests just above the 3,025-point plateau and it’s tipped to open in the green again on Thursday. The […]
FTSE Bursa Malaysia KLCI (.KLSE) ends slightly higher Bursa Malaysia ended slightly higher, mostly in range-bound trading with bargain-hunting interspersing profit takings in heavyweight stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.08 points better at 1,491.03 from Wednesday’s close of 1,489.95. After opening 2.41 points higher at 1,492.36 this morning, the […]
Shanghai: SSE Composite Index (.SSEC) – Asian stocks mixed after Wall Street sinks despite rate cut Asian stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears a virus outbreak might depress global economic activity. Benchmarks in Shanghai and Sydney declined while Tokyo and Seoul advanced. […]
Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally Hong Kong’s Hang Seng Index gave up gains made earlier in the day and ended up in the red while mainland markets continued their rally as global central banks pledged action to support economic growth. The Hang Seng Index ended the day, down […]
Singapore: STI Index (.STI) – Singapore manufacturing shrinks in February at fastest pace since 2014 on coronavirus outbreak Manufacturing shrank in February at the fastest pace in more than five years, reflecting the disruption caused by the coronavirus outbreak. The decline was led by the electronics sector, which had expanded in January for the first […]
FTSE Bursa Malaysia KLCI (.KLSE) ends on firm note Bursa Malaysia ended on a firm note today, supported by buying in heavyweight stocks amid positive market sentiment following Bank Negara Malaysia’s (BNM) move to cut the Overnight Policy Rate (OPR). At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.31 points to 1,489.95 from […]
Shanghai: SSE Composite Index (.SSEC) lower as fewer new coronavirus cases offset negative cues stemming from Wall Street’s sharp drop China and Hong Kong stocks were flat on Wednesday as fewer new coronavirus cases offset negative cues stemming from Wall Street’s sharp drop following the U.S. Fed’s surprise rate cut. The CSI300 index was unchanged […]
Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness The ASX dropped to its lowest level in six months on Wednesday amid concerns the profit margins of major banks will be squeezed by their decision to pass on the full extent of Tuesday’s RBA rate cut to mortgage holders, as requested […]
Shanghai: SSE Composite Index (.SSEC) – Asian Shares Rise Ahead of Central Bankers’ Conference Call The major Asia-Pacific stock indexes were mostly higher on Tuesday as expectations grew central banks will ease policies to cushion the economic impact from a fast-spreading coronavirus. Stocks were primarily guided by an overnight surge on Wall Street. Global equity […]
FTSE Bursa Malaysia KLCI (.KLSE), global equities jump on expectation of policy stimulus for economy The FBM KLCI opened on a sharp rebound as it sought to retrace the losses of the previous session amid postive vibes over anticipated policy stimulus among the world’s key central banks. At 9.05am, the index was up 13.75 points […]
Singapore: STI Index (.STI) – Singapore factory activity hit by sharpest fall in more than 5 years amid COVID-19 outbreak Singapore’s factory activity contracted sharply in February, amid an ongoing COVID-19 outbreak that has disrupted global supply chains and affected production in the region. The Singapore Purchasing Managers’ Index (PMI) fell 1.6 points from the […]
Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates The ASX 200 index finished the session 0.7 per cent higher at 6,435 points. The broader All Ordinaries index rose 50 points to 6,511. The Australian share market had an early boost from investors buying the dip […]
Hong Kong: HANG SENG INDEX (.HSI) give up gains, Shanghai extends rally Hong Kong’s Hang Seng Index gave up gains made earlier in the day and ended up in the red while mainland markets continued their rally as global central banks pledged action to support economic growth. The Hang Seng Index ended the day, down […]
Shanghai: SSE Composite Index (.SSEC) Chinese equity market a beacon for rebound on global markets China’s stock market staged a strong rebound from Friday’s massive sell-offs on Monday, which experts said could herald global markets’ recovery following last week’s rout on rising COVID-19 epidemic fears. The experts predict that China’s equities market, supported by the […]
FTSE Bursa Malaysia KLCI (.KLSE) partially recovers as investors take stock of policy measures The FBM KLCI retraced most of its losses after diving 26 points to a low of 1,456.08 in the morning session. At 12.30pm, the index bounced higher to just 7.65 points in the red at 1,474.99 as investors took in the […]
Singapore: STI Index (.STI) sinks 3.2% amid global worries over Covid-19 spread Singapore stocks plunged to a 15-month low, which suggests that the global markets are increasingly convinced of the possibility that the Covid-19 outbreak will result in a pandemic. After reaching a 15-month low at 3,008.460, the benchmark Straits Times Index (STI) fell by […]
Hong Kong: HANG SENG INDEX (.HSI) stocks end higher on stimulus hopes The Hang Seng index rose 0.6% to 26,291.68, while the China Enterprises Index gained 1.8% to 10,485.17 points. The HSCE, an index tracking mainland firms, outperformed as downbeat data reinforced expectations of further stimulus to support China’s economy. Factory activity in China contracted […]
Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds Global markets stabilised overnight and Wall Street jumped higher as central banks around the world signalled they would support markets with stimulus in the wake of the coronavirus. At 7.55am AEDT, futures are pointing to a gain of 21 points, or 0.3 per cent, […]
Hong Kong: HANG SENG INDEX (.HSI) – Coronavirus causes intrepid investors to look east for bargains There is no lack of superlatives for the drubbing Asia stocks took to end February in the face of soaring coronavirus cases outside of China: Friday was the worst day for regional equities since October 2018, ending the poorest […]
Singapore: STI Index (.STI) market plunges amid global bloodshed on virus fears Fears that the coronavirus outbreak could turn into a worldwide pandemic sparked panicked selling across the region yesterday. The local market was among several Asian bourses that fell by more than 3 per cent to extend a collapse in New York and Europe […]
FTSE Bursa Malaysia KLCI (.KLSE) plunges to almost a nine-year low Malaysia saw its net outflow dominated the equity market last week, surpassing a net sell of over RM1.15 billion compared with the previous week’s RM447.9 million due to the unnerving political turmoil which culminated in the scramble among political parties seeking to form the next government. An analyst […]
Australia: S&P/ASX 200 (.AXJO) set for more losses The Australian sharemarket is set for more losses when trading resumes on Monday, as the coronavirus induced shock that took most major markets into correction territory last week shows no sign of abating. Bets on interest rate cuts have escalated dramatically since the equity market sealed its […]
Shanghai: SSE Composite Index (.SSEC) stocks gain on China virus toll drops Hong Kong and Shanghai stocks ended higher on Thursday as the spread of coronavirus shows signs of easing in China, with figures showing for the first time there were more infections reported outside the country than inside. The Hang Seng Index added 0.3 […]
Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction The Australian sharemarket is staring at another day of heavy falls as rising coronavirus fears sent Wall Street into a technical corrction overnight. 1. Volatility increases further: Panic in global markets only escalated overnight, still on fears that the coronavirus is rapidly evolving […]
Hong Kong: HANG SENG INDEX (.HSI) slips as investors unmoved by budget boost Hong Kong shares went into the break with fresh losses on Thursday as traders unmoved by a big-spending budget from the city’s finance chief aimed at shoring up the struggling economy. The Hang Seng Index fell 0.7 percent, to 26,519 by the […]
Singapore: STI Index (.STI) stocks close 0.19 pct lower Singapore stocks closed lower on Thursday, with the benchmark Straits Times Index (STI) going down 0.19 percent, or 5.82 points, to close at 3,111.7. A total of 1.82 billion shares changed hands with a turnover of 1.66 billion Singapore dollars (about 1.19 billion U.S. dollars). Losers […]
FTSE Bursa Malaysia KLCI (.KLSE) ends higher driven by economic stimulus Bursa Malaysia main index, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended on a high driven by the economic stimulus package announced by the interim Prime Minister, Tun Dr Mahathir Mohamad today. At the close, the index strengthens 10.40 points to 1,505.59 compared with […]
