Asia stocks rise on the back of an overnight bounce on Wall Street

Stocks in Asia were higher on Wednesday morning following a strong bounce on Wall Street overnight. In Japan, the Nikkei 225 advanced by 1.32 percent in early trade, while the Topix index also saw gains of 1.16 percent, with most sectors trending up. Softbank has close ties to the Saudi administration, with a significant proportion of its investment capital stemming from the country. In South Korea, the Kospi also bounced higher by 1.64 percent in early trade, with shares of industry heavyweight


Stocks in Asia were higher on Wednesday morning following a strong bounce on Wall Street overnight. In Japan, the Nikkei 225 advanced by 1.32 percent in early trade, while the Topix index also saw gains of 1.16 percent, with most sectors trending up. Softbank has close ties to the Saudi administration, with a significant proportion of its investment capital stemming from the country. In South Korea, the Kospi also bounced higher by 1.64 percent in early trade, with shares of industry heavyweight
Asia stocks rise on the back of an overnight bounce on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, overnight, trade, rise, morning, asia, higher, saw, industry, gains, street, softbank, trending, sectors, wall, saudi, bounce


Asia stocks rise on the back of an overnight bounce on Wall Street

Stocks in Asia were higher on Wednesday morning following a strong bounce on Wall Street overnight.

In Japan, the Nikkei 225 advanced by 1.32 percent in early trade, while the Topix index also saw gains of 1.16 percent, with most sectors trending up.

Shares of Softbank jumped above 4 percent in the morning after the company’s Chief Operating Officer Marcelo Claure said it was “anxiously looking” at developments related to the disappearance of Saudi Arabian journalist Jamal Khashoggi. Softbank has close ties to the Saudi administration, with a significant proportion of its investment capital stemming from the country.

In South Korea, the Kospi also bounced higher by 1.64 percent in early trade, with shares of industry heavyweight Samsung Electronics seeing gains of 1.83 percent.

The ASX 200 traded up by 0.84 percent in the morning, with most sectors trending higher — the energy subindex was up by 0.62 percent, while the heavily weighted financials industry saw a gain of 1.21 percent.

Hong Kong’s stock market is closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, overnight, trade, rise, morning, asia, higher, saw, industry, gains, street, softbank, trending, sectors, wall, saudi, bounce


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Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with


Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with
Asia markets: Wall Street, US-China trade war, currencies in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week.

In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN.

The Shanghai composite also slipped by 1.49 percent to close at around 2,568.10 — its lowest since November 2014 — while the Shenzhen composite declined by 1.178 percent to end the trading day at about 1,281.08.

The moves in China came as new reserve requirements for lenders went into effect, in a move by the People’s Bank of China which is expected to inject 750 billion yuan (around $108.4 billion) into the banking system.

In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower.

Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with industry heavyweight Samsung Electronics slipping by 0.45 percent and chipmaker SK Hynix falling by 2.9 percent.

In Australia, the benchmark ASX 200 fell around 1 percent to end the trading day Down Under at 5,837.1 with most sectors lower. The heavily weighted financial subindex fell 1.62 percent as major banking shares saw losses — Commonwealth Bank was down 2.09 percent, ANZ fell 1.85 percent, Westpac was lower by 1.59 percent and the National Australia Bank declined by 1.58 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


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Asia markets broadly recover following extended rout on Wall Street

Asia stocks saw a broad recovery on Friday following another tumble on Wall Street overnight, with the Dow Jones Industrial Average dropping by more than 500 points. In Japan, the Nikkei 225 saw gains of 0.46 percent to close at 22,694.66 while the Topix index ended largely flat at 1,702.45. The energy sector, however, was lower by 1.5 percent, while the heavily weighted financial subindex was largely flat. The move in ANZ’s stock came following an announcement by its chief executive that the ba


Asia stocks saw a broad recovery on Friday following another tumble on Wall Street overnight, with the Dow Jones Industrial Average dropping by more than 500 points. In Japan, the Nikkei 225 saw gains of 0.46 percent to close at 22,694.66 while the Topix index ended largely flat at 1,702.45. The energy sector, however, was lower by 1.5 percent, while the heavily weighted financial subindex was largely flat. The move in ANZ’s stock came following an announcement by its chief executive that the ba
Asia markets broadly recover following extended rout on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: eustance huang
Keywords: news, cnbc, companies, wall, extended, ended, following, asia, lower, index, gains, markets, higher, street, recovery, saw, rout, recover, largely, flat, broadly


Asia markets broadly recover following extended rout on Wall Street

Asia stocks saw a broad recovery on Friday following another tumble on Wall Street overnight, with the Dow Jones Industrial Average dropping by more than 500 points.

In the Greater China region, Hong Kong’s Hang Seng index advanced by 2.07 percent in afternoon trade.

Over on the mainland, the Shanghai composite bounced on the back of positive trade data for the month of September to close higher by 0.91 percent at around 2,606.91, while the Shenzhen composite advanced by 0.19 percent at about 1,296.36.

In Japan, the Nikkei 225 saw gains of 0.46 percent to close at 22,694.66 while the Topix index ended largely flat at 1,702.45.

The ASX 200 closed higher by 0.2 percent at 5,895.7 after losing 0.52 percent earlier in the session. The energy sector, however, was lower by 1.5 percent, while the heavily weighted financial subindex was largely flat.

Shares of major banks Down Under saw a recovery though some still ended the trading day lower, with Australia and New Zealand Banking Group down by 0.38 percent while Commonwealth Bank of Australia was largely flat. The move in ANZ’s stock came following an announcement by its chief executive that the bank had fired over 200 staff for wrongdoing.

Over in South Korea, the Kospi saw gains of 1.54 percent at 2,162.37, with shares of chipmaker SK Hynix advancing 5.07 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: eustance huang
Keywords: news, cnbc, companies, wall, extended, ended, following, asia, lower, index, gains, markets, higher, street, recovery, saw, rout, recover, largely, flat, broadly


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Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information


Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information
Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
Keywords: news, cnbc, companies, shenzhen, day, fell, dropped, asia, shanghai, close, nearly, markets, nikkei, topples, end, stocks, index, crumble, composite, declines


Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent.

In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90.

The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information.

In Taiwan, the tech-heavy Taiex dropped by 6.31 percent to close at 9,806.11, with shares of lens maker and Apple supplier Largan Precision plunging 9.89 percent.

Japan’s markets also faltered. The Nikkei 225 dropped by 3.89 percent to close at 22,590.86 while the Topix index declined by 3.52 percent to end the trading day at 1,701.86, with major sectors down.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
Keywords: news, cnbc, companies, shenzhen, day, fell, dropped, asia, shanghai, close, nearly, markets, nikkei, topples, end, stocks, index, crumble, composite, declines


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Asia stocks broadly gain as a poll forecasts yuan recovery

Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher. Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure. In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07. Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand


Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher. Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure. In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07. Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand
Asia stocks broadly gain as a poll forecasts yuan recovery Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, close, sectors, recovery, ended, poll, asia, private, trading, saw, japan, higher, earlier, broadly, day, forecasts, gain, stocks, yuan


Asia stocks broadly gain as a poll forecasts yuan recovery

Stocks in Asia saw broad gains on Wednesday.

Australia’s ASX 200 gained 0.14 percent to close at 6,049.8, with most sectors higher.

Shares of the country’s largest private education company Navitas ended the trading day higher by 21.84 percent after the company earlier announced it had received a 1.97 billion Australian dollar ($1.4 billion) buyout offer from a consortium.

“Navitas has been going sideways and as a result the share price hasn’t gone anywhere,” Morningstar analyst Gareth James told Reuters. “A private equity firm can come in and change the strategy, make it growth-orientated, possibly do some M&A and bring it back to the market in a couple of years.”

In Japan, the Nikkei 225 bounced back to close higher by 0.16 percent at 23,506.04 after being in largely flat territory earlier, while the Topix also ended the trading day up by 0.16 percent at 1,763.86, with most sectors seeing gains.

Earlier in the day, data showed that core machinery orders in Japan rose above expectations in August, suggesting possible growth in capital expenditure.

In the Greater China region, the Hang Seng index in Hong Kong saw a slight gain to close at 26,193.07.

Over on the mainland, the Shanghai composite saw a rebound, advancing by 0.18 percent to close at around 2,725.84. The Shenzhen composite, on the other hand, declined by 0.147 percent to end the trading day at about 1,383.05.

South Korea’s Kospi also closed lower, slipping by 1.12 percent at 2,228.61.


Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, close, sectors, recovery, ended, poll, asia, private, trading, saw, japan, higher, earlier, broadly, day, forecasts, gain, stocks, yuan


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‘America first’ policy in Asia could result in ‘America last,’ expert says

As Japan steps up to counter China’s growing influence in Asia Pacific, Tokyo’s efforts may not be as effective without “commitment” from the United States — a situation which may disadvantage regional countries as well as Washington, an expert told CNBC. Tokyo’s efforts to counter Beijing’s influence in Asia have to be balanced with the U.S. asserting its economic commitment to the region, said Stephen Nagy, senior associate professor in the department of politics and international studies at t


As Japan steps up to counter China’s growing influence in Asia Pacific, Tokyo’s efforts may not be as effective without “commitment” from the United States — a situation which may disadvantage regional countries as well as Washington, an expert told CNBC. Tokyo’s efforts to counter Beijing’s influence in Asia have to be balanced with the U.S. asserting its economic commitment to the region, said Stephen Nagy, senior associate professor in the department of politics and international studies at t
‘America first’ policy in Asia could result in ‘America last,’ expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: harini v, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, region, united, influence, expert, states, efforts, america, international, asia, policy, economic, result, told, nagy


'America first' policy in Asia could result in 'America last,' expert says

As Japan steps up to counter China’s growing influence in Asia Pacific, Tokyo’s efforts may not be as effective without “commitment” from the United States — a situation which may disadvantage regional countries as well as Washington, an expert told CNBC.

Tokyo’s efforts to counter Beijing’s influence in Asia have to be balanced with the U.S. asserting its economic commitment to the region, said Stephen Nagy, senior associate professor in the department of politics and international studies at the International Christian University in Tokyo.

“Japan can’t just do this alone. It just doesn’t have the resources … It needs the economic (support) as well as the security that the United States can provide to the region,” Nagy told CNBC on Tuesday.

Japan agreed to deepen cooperation with Southeast Asia during the 10th Mekong-Japan summit held in Tokyo on Tuesday. The meeting is part of Japan’s efforts to boost its presence in the region as China’s political and economic clout grows through infrastructure projects such as the Belt and Road Initiative (BRI).


Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: harini v, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, region, united, influence, expert, states, efforts, america, international, asia, policy, economic, result, told, nagy


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Asia markets: US-China relations, Fed, currencies in focus

Asia markets saw broad declines on the final trading day of the week, following a tumble overnight on Wall Street. The Nikkei 225 was down by 0.8 percent to close at 23,783.72, while the Topix index slipped by 0.47 percent to 1,792.65. Meanwhile, Hong Kong’s Hang Seng index slid by 0.19 percent to close at 26,572.57, with computer maker Lenovo’s stock dropping by 15.1 percent. Down Under, the ASX 200 bucked the overall trend to edge up 0.15 percent to close at 6,185.5, with the energy sector als


Asia markets saw broad declines on the final trading day of the week, following a tumble overnight on Wall Street. The Nikkei 225 was down by 0.8 percent to close at 23,783.72, while the Topix index slipped by 0.47 percent to 1,792.65. Meanwhile, Hong Kong’s Hang Seng index slid by 0.19 percent to close at 26,572.57, with computer maker Lenovo’s stock dropping by 15.1 percent. Down Under, the ASX 200 bucked the overall trend to edge up 0.15 percent to close at 6,185.5, with the energy sector als
Asia markets: US-China relations, Fed, currencies in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-05  Authors: eustance huang
Keywords: news, cnbc, companies, energy, uschina, fed, focus, close, index, gas, markets, asia, slid, saw, earlier, relations, week, currencies, stock


Asia markets: US-China relations, Fed, currencies in focus

Asia markets saw broad declines on the final trading day of the week, following a tumble overnight on Wall Street.

The Nikkei 225 was down by 0.8 percent to close at 23,783.72, while the Topix index slipped by 0.47 percent to 1,792.65.

In South Korea, the Kospi slid 0.31 percent to close at 2,267.52, as shares of heavyweight Samsung Electronics ended largely flat despite earlier saying that its third-quarter operating profit was likely to have risen to a record high.

Meanwhile, Hong Kong’s Hang Seng index slid by 0.19 percent to close at 26,572.57, with computer maker Lenovo’s stock dropping by 15.1 percent.

Down Under, the ASX 200 bucked the overall trend to edge up 0.15 percent to close at 6,185.5, with the energy sector also higher by 0.15 percent. Oil and gas explorer Beach Energy, which had earlier announced the sale of a 40 percent stake in its Victorian Otway gas assets and trimmed its earnings guidance for fiscal year 2019, saw its stock fall by 3.65 percent.

China’s markets were closed for the Golden Week holiday.


Company: cnbc, Activity: cnbc, Date: 2018-10-05  Authors: eustance huang
Keywords: news, cnbc, companies, energy, uschina, fed, focus, close, index, gas, markets, asia, slid, saw, earlier, relations, week, currencies, stock


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Asia markets mixed despite Dow’s record high overnight

Asia markets were mixed on Wednesday morning following the Dow Jones Industrial Average’s record high overnight on Wall Street. The Nikkei 225 slipped by 0.34 percent in the early hours of trading action, while the Topix index declined by 0.26 percent. Shares of major Japanese automakers fell, with Toyota falling by 1.46 percent while Honda saw losses of 2.81 percent. In Australia, the ASX 200 saw gains of 0.14 percent in the morning, with shares of gold miners surging: Newcrest Mining rose by 2


Asia markets were mixed on Wednesday morning following the Dow Jones Industrial Average’s record high overnight on Wall Street. The Nikkei 225 slipped by 0.34 percent in the early hours of trading action, while the Topix index declined by 0.26 percent. Shares of major Japanese automakers fell, with Toyota falling by 1.46 percent while Honda saw losses of 2.81 percent. In Australia, the ASX 200 saw gains of 0.14 percent in the morning, with shares of gold miners surging: Newcrest Mining rose by 2
Asia markets mixed despite Dow’s record high overnight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: eustance huang
Keywords: news, cnbc, companies, mixed, morning, trading, overnight, toyota, streetthe, saw, markets, despite, mining, wall, topix, asia, dows, high, record, shares, surging


Asia markets mixed despite Dow's record high overnight

Asia markets were mixed on Wednesday morning following the Dow Jones Industrial Average’s record high overnight on Wall Street.

The Nikkei 225 slipped by 0.34 percent in the early hours of trading action, while the Topix index declined by 0.26 percent. Shares of major Japanese automakers fell, with Toyota falling by 1.46 percent while Honda saw losses of 2.81 percent.

In Australia, the ASX 200 saw gains of 0.14 percent in the morning, with shares of gold miners surging: Newcrest Mining rose by 2.78 percent while Evolution Mining advanced by 3.42 percent.

Markets in China and South Korea are closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: eustance huang
Keywords: news, cnbc, companies, mixed, morning, trading, overnight, toyota, streetthe, saw, markets, despite, mining, wall, topix, asia, dows, high, record, shares, surging


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Asia markets fall as US-China tensions get worse; oil prices surge

Asia markets were largely negative on Tuesday, as ties between the U.S. and China appeared to have taken a turn for the worse. South Korea’s Kospi closed 1.25 percent lower at 2,309.57, despite data showing the country’s year-on-year output to be above forecasts. Down Under, the ASX 200 ended the trading day lower by 0.75 percent at 6,126.2. Following the announcement, shares of the country’s major banks closed lower. As of 3:19 p.m. HK/SIN, the index slid 2.36 percent on its first trading day o


Asia markets were largely negative on Tuesday, as ties between the U.S. and China appeared to have taken a turn for the worse. South Korea’s Kospi closed 1.25 percent lower at 2,309.57, despite data showing the country’s year-on-year output to be above forecasts. Down Under, the ASX 200 ended the trading day lower by 0.75 percent at 6,126.2. Following the announcement, shares of the country’s major banks closed lower. As of 3:19 p.m. HK/SIN, the index slid 2.36 percent on its first trading day o
Asia markets fall as US-China tensions get worse; oil prices surge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: eustance huang
Keywords: news, cnbc, companies, countrys, markets, lower, public, tensions, day, major, trading, worse, prices, oil, asia, uschina, fall, australia, surge, closed, index


Asia markets fall as US-China tensions get worse; oil prices surge

Asia markets were largely negative on Tuesday, as ties between the U.S. and China appeared to have taken a turn for the worse.

South Korea’s Kospi closed 1.25 percent lower at 2,309.57, despite data showing the country’s year-on-year output to be above forecasts.

Down Under, the ASX 200 ended the trading day lower by 0.75 percent at 6,126.2.

Earlier on Tuesday, the Australian Competition and Consumer Commission said an inquiry into price competition among suppliers of foreign currency conversion services had been opened. It said it would be “examining why major companies in Australia, including the Big Four banks, seem to be able to consistently charge high prices.”

Following the announcement, shares of the country’s major banks closed lower. Australia and New Zealand Banking Group slipped by 0.87 percent, while Commonwealth Bank of Australia dropped by 1.21 percent. National Australia Bank also declined by 0.72 percent and Westpac Banking Corp fell by 0.95 percent.

Hong Kong’s Hang Seng index continued to decline in the afternoon. As of 3:19 p.m. HK/SIN, the index slid 2.36 percent on its first trading day of the week after returning from a public holiday.

Over in Japan, however, the Nikkei 225 bucked the overall trend to close higher by 0.1 percent at 24,270.62, while the Topix also advanced by 0.33 percent at 1,824.03.

China’s markets were closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: eustance huang
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Asia markets mixed as US and Canada agree on renewed NAFTA

Asia markets were mixed on Monday as the U.S. and Canada announced that they had reached a deal to replace the North American Free Trade Agreement. The Nikkei 225 ended the trading day higher by 0.52 percent at 24,245.76 while the Topix recovered to close largely flat at 1,817.96, as shares of major automakers such as Toyota and Nissan saw declines. “At least for the next six to 12 months, there’s no signs of (the) Bank of Japan even thinking about (a) policy exit,” Devesh said. The heavily weig


Asia markets were mixed on Monday as the U.S. and Canada announced that they had reached a deal to replace the North American Free Trade Agreement. The Nikkei 225 ended the trading day higher by 0.52 percent at 24,245.76 while the Topix recovered to close largely flat at 1,817.96, as shares of major automakers such as Toyota and Nissan saw declines. “At least for the next six to 12 months, there’s no signs of (the) Bank of Japan even thinking about (a) policy exit,” Devesh said. The heavily weig
Asia markets mixed as US and Canada agree on renewed NAFTA Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: eustance huang
Keywords: news, cnbc, companies, renewed, nafta, asia, survey, mixed, shares, financial, moves, recovered, canada, markets, agree, close, sector, japan, bank


Asia markets mixed as US and Canada agree on renewed NAFTA

Asia markets were mixed on Monday as the U.S. and Canada announced that they had reached a deal to replace the North American Free Trade Agreement.

The Nikkei 225 ended the trading day higher by 0.52 percent at 24,245.76 while the Topix recovered to close largely flat at 1,817.96, as shares of major automakers such as Toyota and Nissan saw declines.

The moves in Tokyo came on the back of the release of a survey conducted by the Bank of Japan which showed business confidence among the country’s big manufacturers falling for the third consecutive quarter.

“It was a slight disappointment, no doubt about it, on the Tankan survey, but again in the larger context (it was) still very close to 10-year highs,” Divya Devesh, Asia foreign exchange strategist at Standard Chartered Bank, told CNBC’s “Squawk Box” on Monday.

“At least for the next six to 12 months, there’s no signs of (the) Bank of Japan even thinking about (a) policy exit,” Devesh said.

In South Korea, the Kospi recovered partially from its losses but still closed lower by 0.18 percent, despite a private survey showing factory activity expanding in September for the first time since March. Shares of SK Innovation, however, surged 3.72 percent after the company said it was considering the establishment of an electric vehicle battery plant in the U.S.

Down Under, the ASX 200 slipped by 0.57 percent to close at 6,172.3, with most sectors in negative territory. The heavily weighted financial sector fell 1.33 percent, with shares of Commonwealth Bank of Australia sliding by 1.39 percent and AMP down by 2.19 percent.

The moves in the financial sector Down Under came on the back of an interim report by Australia’s Royal Commission into misconduct in the banking and financial services industry, which included instances of bribery, fraud, fee-gouging and board-level deception within the sector.

The Chinese and Hong Kong markets were closed on Monday.


Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: eustance huang
Keywords: news, cnbc, companies, renewed, nafta, asia, survey, mixed, shares, financial, moves, recovered, canada, markets, agree, close, sector, japan, bank


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