Asian stocks stumble, following Wall Street plunge

Stocks in Asia traded down Wednesday morning after an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the U.S.-China trade war. The mainland Chinese markets, closely watched in relation to Beijing’s ongoing dispute with Washington, remained cautious by the end of the morning session. The Caixin Services Purchasing Managers’ Index, which measures economic activity in China’s services sector, rose to 53.8 in November — its highest in five m


Stocks in Asia traded down Wednesday morning after an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the U.S.-China trade war. The mainland Chinese markets, closely watched in relation to Beijing’s ongoing dispute with Washington, remained cautious by the end of the morning session. The Caixin Services Purchasing Managers’ Index, which measures economic activity in China’s services sector, rose to 53.8 in November — its highest in five m
Asian stocks stumble, following Wall Street plunge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, xi, composite, asian, ministry, morning, stocks, stumble, index, economic, chinas, wall, worried, street, plunge, services, following


Asian stocks stumble, following Wall Street plunge

Stocks in Asia traded down Wednesday morning after an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the U.S.-China trade war.

The mainland Chinese markets, closely watched in relation to Beijing’s ongoing dispute with Washington, remained cautious by the end of the morning session. The Shanghai composite declined 0.21 percent while the Shenzhen composite was largely flat.

The Caixin Services Purchasing Managers’ Index, which measures economic activity in China’s services sector, rose to 53.8 in November — its highest in five months — as compared to 50.8 in October.

Earlier in the day, China’s Ministry of Commerce said in a statement on its website that the weekend meeting between Trump and Chinese President Xi Jinping was successful. The ministry also said the two countries will push ahead with negotiations within 90 days, and Beijing will work to address issues agreed upon as quickly as possible.

Meanwhile, the Hang Seng index in Hong Kong also fell by 1.54 percent. Shares of vehicle maker Baic Motor dropped 9.29 percent following a Bloomberg report that Germany’s Daimler is considering increasing its stake in its joint venture with the Chinese firm.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, xi, composite, asian, ministry, morning, stocks, stumble, index, economic, chinas, wall, worried, street, plunge, services, following


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Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index

Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut into affordability. Prices increased 5.5 percent annually in September, down from 5.7 percent in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The 10-City Composite annual increase came in at 4.8 percent, down from 5.2 percent in the previous month. The National Association of Home Builders sentiment index dropped seven points to 6


Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut into affordability. Prices increased 5.5 percent annually in September, down from 5.7 percent in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The 10-City Composite annual increase came in at 4.8 percent, down from 5.2 percent in the previous month. The National Association of Home Builders sentiment index dropped seven points to 6
Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, housing, blitzer, ago, mortgage, increase, gains, level, sp, 2017, price, composite, shrink, lowest, index, homes, caseshiller


Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index

Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut into affordability.

Prices increased 5.5 percent annually in September, down from 5.7 percent in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The 10-City Composite annual increase came in at 4.8 percent, down from 5.2 percent in the previous month. The 20-City Composite rose 5.1 percent year-over-year, down from 5.5 in the previous month.

“Home prices plus data on house sales and construction confirm the slowdown in housing,” says David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. “One factor contributing to the weaker housing market is the recent increase in mortgage rates.”

The average rate on the 30-year fixed mortgage is now a full percentage point higher than it was one year ago, and affordability has fallen to the weakest level in over a decade. Blitzer also pointed to weaker sales of both new and existing single family homes, which peaked one year ago in November 2017.

“Sales of existing homes are down 9.3 percent from that peak. Housing starts are down 8.7 percent from November of last year. The National Association of Home Builders sentiment index dropped seven points to 60, its lowest level in two years,” Blitzer added.

Cities that experienced the biggest price drops during the housing crash a decade ago are still seeing some of the biggest gains currently. Las Vegas, Phoenix and Tampa are still seeing home value gains increase.

San Francisco and Seattle reported the highest year-over-year gains among the 20 cities. In September, Las Vegas prices jumped 13.5 percent annually. San Francisco values rose 9.9 percent and Seattle homes saw an 8.4 percent increase. Four cities in the 20-City Composite saw bigger annual increases in September than in August.

WATCH: How to use your home as a source of cash


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, housing, blitzer, ago, mortgage, increase, gains, level, sp, 2017, price, composite, shrink, lowest, index, homes, caseshiller


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Chinese shares fall as Asia markets trade mixed

Asia markets traded mixed on Monday as major Chinese indexes dipped in morning trade. The Shanghai composite slipped by 0.95 percent and the Shenzhen composite fell 0.83 percent. Hong Kong’s Hang Seng index traded fractionally higher. In Japan, the Nikkei 225 retraced gains of more than 1 percent to trade near flat at 21,197.84 while the Topix index fell 0.14 percent. South Korea’s Kospi gave up early gains to trade down 0.36 percent as heavyweight Samsung Electronics added 0.24 percent while SK


Asia markets traded mixed on Monday as major Chinese indexes dipped in morning trade. The Shanghai composite slipped by 0.95 percent and the Shenzhen composite fell 0.83 percent. Hong Kong’s Hang Seng index traded fractionally higher. In Japan, the Nikkei 225 retraced gains of more than 1 percent to trade near flat at 21,197.84 while the Topix index fell 0.14 percent. South Korea’s Kospi gave up early gains to trade down 0.36 percent as heavyweight Samsung Electronics added 0.24 percent while SK
Chinese shares fall as Asia markets trade mixed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: eustance huang
Keywords: news, cnbc, companies, index, markets, composite, traded, fall, asia, global, gains, shares, trade, stock, fell, morning, chinese, mixed


Chinese shares fall as Asia markets trade mixed

Asia markets traded mixed on Monday as major Chinese indexes dipped in morning trade.

The Shanghai composite slipped by 0.95 percent and the Shenzhen composite fell 0.83 percent. Hong Kong’s Hang Seng index traded fractionally higher.

In Japan, the Nikkei 225 retraced gains of more than 1 percent to trade near flat at 21,197.84 while the Topix index fell 0.14 percent.

South Korea’s Kospi gave up early gains to trade down 0.36 percent as heavyweight Samsung Electronics added 0.24 percent while SK Hynix traded down 2.54 percent.

In Australia, the benchmark ASX 200 rose 0.98 percent, with all sectors trading up. The energy sector was up 1.08 percent, materials gained 0.99 percent and the heavily weighted financial subindex was up 0.68 percent.

“With global equity markets suffering a massive sell-off in October, led by tech counters, the approach of November may be time to stock; so to speak,” analysts at Mizuho Bank wrote in a morning note.

“Pointedly, whether this is … a “healthy” and long overdue correction that is merely (and sensibly) taking account of monetary policy calibrations, and attendant global liquidity conditions or an alarming descend into potentially unruly bear markets,” they said.

“The jury is still out, and perhaps it is useful to take stock of what’s priced in, and drivers of equities at the margin; given the much wider (asset market) spillover,” the analysts added.


Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: eustance huang
Keywords: news, cnbc, companies, index, markets, composite, traded, fall, asia, global, gains, shares, trade, stock, fell, morning, chinese, mixed


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Asia markets turbulent following roller coaster day on Wall Street

Asia stocks were turbulent on Wednesday morning on the back of declines overnight on Wall Street. The Greater Chinese markets initially saw gains in early trade but fell into negative territory by about 10 a.m. HK/SIN time (10 p.m. Hong Kong’s Hang Seng index rose by about 0.5 percent before falling to trade about 0.18 percent lower. The Shanghai composite initially advanced by 0.14 percent but fell into negative territory at about 10 a.m. HK/SIN time. By late morning, Japan’s Nikkei 225 slipped


Asia stocks were turbulent on Wednesday morning on the back of declines overnight on Wall Street. The Greater Chinese markets initially saw gains in early trade but fell into negative territory by about 10 a.m. HK/SIN time (10 p.m. Hong Kong’s Hang Seng index rose by about 0.5 percent before falling to trade about 0.18 percent lower. The Shanghai composite initially advanced by 0.14 percent but fell into negative territory at about 10 a.m. HK/SIN time. By late morning, Japan’s Nikkei 225 slipped
Asia markets turbulent following roller coaster day on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: eustance huang
Keywords: news, cnbc, companies, trade, composite, fell, roller, territory, street, following, asia, 018, day, negative, hksin, initially, morning, turbulent, markets, coaster, wall


Asia markets turbulent following roller coaster day on Wall Street

Asia stocks were turbulent on Wednesday morning on the back of declines overnight on Wall Street.

The Greater Chinese markets initially saw gains in early trade but fell into negative territory by about 10 a.m. HK/SIN time (10 p.m. ET, Tuesday).

Hong Kong’s Hang Seng index rose by about 0.5 percent before falling to trade about 0.18 percent lower. The Shanghai composite initially advanced by 0.14 percent but fell into negative territory at about 10 a.m. HK/SIN time. The Shenzhen composite was trading about 0.77 percent lower.

By late morning, Japan’s Nikkei 225 slipped 0.18 percent while the Topix fell 0.65 percent to trade at around 1,640, hitting its lowest since Sept. 2017.

Shares of automaker Subaru fell, seeing losses of 5.81 percent after the company slashed its operating income estimate for the first half of the fiscal year ending Mar. 31, 2019.


Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: eustance huang
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Asia markets: Saudi Arabia, US-China trade war, currencies in focus

Asian markets fell across the board in on Tuesday as investors remained cautious amid rising global tensions. The Greater China markets fell, reversing gains seen over the last two sessions. The Shanghai composite shed 2.26 percent to close at 2,594.83 while the Shenzhen composite declined 1.92 percent to 1,300.29. Meanwhile, Hong Kong’s Hang Seng index fell 3 percent in afternoon trade. One investor suggested that the time is not ripe to re-enter Asian markets.


Asian markets fell across the board in on Tuesday as investors remained cautious amid rising global tensions. The Greater China markets fell, reversing gains seen over the last two sessions. The Shanghai composite shed 2.26 percent to close at 2,594.83 while the Shenzhen composite declined 1.92 percent to 1,300.29. Meanwhile, Hong Kong’s Hang Seng index fell 3 percent in afternoon trade. One investor suggested that the time is not ripe to re-enter Asian markets.
Asia markets: Saudi Arabia, US-China trade war, currencies in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: eustance huang
Keywords: news, cnbc, companies, asia, uschina, likely, currencies, trade, arabia, seen, close, shanghai, asian, war, index, fell, focus, composite, markets, reenter, saudi


Asia markets: Saudi Arabia, US-China trade war, currencies in focus

Asian markets fell across the board in on Tuesday as investors remained cautious amid rising global tensions.

The Greater China markets fell, reversing gains seen over the last two sessions. The Shanghai composite shed 2.26 percent to close at 2,594.83 while the Shenzhen composite declined 1.92 percent to 1,300.29.

Meanwhile, Hong Kong’s Hang Seng index fell 3 percent in afternoon trade.

“Yesterday’s 4.1% rally in the Shanghai Composite Index is likely to have been a dead cat bounce,” strategists at DBS Group Research wrote in a morning note. “Any stimulus by China should be viewed not as a boost but as a cushion against a slowing economy against external headwinds.”

In South Korea, the Kospi fell 2.57 percent to 2,106.10, closing at a low not seen since March 2017.

In Japan, the Nikkei 225 was down 2.67 percent to close at 22,010.78 while the Topix index fell 2.63 percent to 1,650.72.

One investor suggested that the time is not ripe to re-enter Asian markets.

“In the short term, we believe that the U.S. dollar is still a bit too strong and also, interest rates in the U.S. are likely to continue to rise and also, the trade tensions at the moment are still a little bit too high,” Khiem Do, head of Asian multi-asset at Barings, told CNBC’s “Squawk Box” on Tuesday.

“I think that we need to see those three catalysts actually improving somewhat for us to re-enter into… the markets,” he said.

Australia’s ASX 200 closed down 1.05 percent at 5,843.1, with the heavily-weighted financial sector falling 1.18 percent and the energy subindex declining 3.21 percent.

Shares of hospital operator Healthscope jumped 19.33 percent Down Under after the company said it had received a takeover proposal from a consortium for 4.11 billion Australian dollars ($2.9 billion), according to Reuters.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: eustance huang
Keywords: news, cnbc, companies, asia, uschina, likely, currencies, trade, arabia, seen, close, shanghai, asian, war, index, fell, focus, composite, markets, reenter, saudi


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Chinese stocks break a two-decade trend, and that could signal more downside

Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06The Chinese stock market is getting wiped out. That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician. “From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. There is one Chinese tech name tha


Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06The Chinese stock market is getting wiped out. That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician. “From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. There is one Chinese tech name tha
Chinese stocks break a two-decade trend, and that could signal more downside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: keris lahiff, getty images, brendan mcdermid, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, twodecade, signal, trend, chinese, break, gilbert, stock, wiped, market, shanghai, alibaba, stocks, downside, composite, ultimately


Chinese stocks break a two-decade trend, and that could signal more downside

Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06

The Chinese stock market is getting wiped out.

China’s Shanghai Composite sank to four-year lows this week, while the so-called BATS stocks — Baidu, Alibaba, Tencent and Sina — have suffered heavy losses this month.

That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician.

“There’s been a very long-term uptrend that’s been intact since 1996, and the recent price action on the Shanghai Composite is now violating this,” Craig Johnson, chief market technician at Piper Jaffray, said on “Trading Nation” on Thursday.

“From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. That’s about 20 percent lower from here, so still significant downside left to go,” said Johnson.

As of Thursday’s close, the Shanghai was 30 percent below its 52-week high, pushing it deep into a bear market. Another 20 percent drop would drag it 44 percent from the year’s highs. It rose 2.58 percent on Friday, even though China’s latest GDP report was lower than expected.

“Are you going to continue to see the Shanghai come down, [and] will that ultimately affect the U.S. equities? From my perspective I think the answer is ultimately yes it will,” said Johnson.

So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. The index is down 5 percent this month, around half the drop on the Shanghai Composite. The FXI China large-cap ETF has fallen nearly 10 percent.

There is one Chinese tech name that could be worth a second look, according to Stacey Gilbert, market strategist at Susquehanna.

“Alibaba would be the name that I would highlight,” Gilbert said on “Trading Nation” on Thursday. “China has huge and growing e-commerce, and we believe that this is going to be the winner, Alibaba will win. There’s no doubt about that.”

Alibaba posted 60 percent sales growth in its most recent March-ended fiscal year. It has reported double-digit revenue increases for every year since its U.S. market debut in 2014.

“There are two ways you could play it,” Gilbert said. “Set it and forget, just buy the stock, don’t look at it again. … The alternative is buying calls.”

Gilbert says an in-the-money call in Alibaba shares would provide upside exposure while limiting downside risk. Although elevated volatility has made it more expensive, Gilbert says it is not elevated relative to ETFs that contain the stock.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: keris lahiff, getty images, brendan mcdermid, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, twodecade, signal, trend, chinese, break, gilbert, stock, wiped, market, shanghai, alibaba, stocks, downside, composite, ultimately


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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
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China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend. The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The People’s Bank of China announced on Sunday it was cutting the r


US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend. The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The People’s Bank of China announced on Sunday it was cutting the r
China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: eustance huang
Keywords: news, cnbc, companies, central, 37, trade, requirement, markets, cuts, bank, ratio, composite, worst, china, shanghai, fall, reserve, lenders, banks, rrr


China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26

On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend.

The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The Shenzhen composite dropped by 3.834 percent to end at about 1,386.28 on the first trading day since the Golden Week holidays ended. As of 3:21 p.m. HK/SIN, Hong Kong’s Hang Seng index traded lower by 1.2 percent.

The People’s Bank of China announced on Sunday it was cutting the reserve requirement ratio (RRR) — or the amount of cash that banks have to hold as reserves — by 100 basis points effective Oct. 15. The RRR is currently 15.5 percent for large commercial banks and 13.5 percent for smaller lenders.

The move by China’s central bank, its fourth in 2018, came amid concerns about the economic impact of Beijing’s ongoing trade war with Washington.


Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: eustance huang
Keywords: news, cnbc, companies, central, 37, trade, requirement, markets, cuts, bank, ratio, composite, worst, china, shanghai, fall, reserve, lenders, banks, rrr


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Asia markets down after Fed Chair Powell spurs Wall Street declines

The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower. In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon. T


The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower. In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon. T
Asia markets down after Fed Chair Powell spurs Wall Street declines Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: eustance huang
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Asia markets down after Fed Chair Powell spurs Wall Street declines

Asia markets were largely negative on Thursday, on the back of U.S. Federal Reserve Chairman Jerome Powell’s comments on inflation after the central bank decided to increase interest rates.

The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower.

Down Under, the ASX 200 slipped by 0.18 percent to close at 6,181.2, with shares of Commonwealth Bank of Australia lower by 0.14 percent.

In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon.

The Shanghai composite fell by 0.54 percent to close at 2,791.78 while the Shenzhen composite slid by 1.26 percent to 1,429.61.

In South Korea, the Kospi bucked the overall trend to close higher by 0.7 percent at 2,355.43, with shares of industry heavyweight Samsung Electronics advancing by 0.21 percent.


Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: eustance huang
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Asia markets higher despite Trump’s comments on trade

Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade. Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,8


Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade. Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,8
Asia markets higher despite Trump’s comments on trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: eustance huang
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Asia markets higher despite Trump's comments on trade

Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade.

The Nikkei 225 recovered from its losses in the morning to end higher by 0.39 percent at 24,033.79. The Topix index, on the other hand, rose from its earlier low to close largely flat at 1,821.67.

Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent.

In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Hotpot chain Haidilao, which went public on Wednesday, traded at 17.88 Hong Kong dollars ($2.28) per share after reaching a high of HK$19.64 earlier. Its issue price was at HK$17.80 per share.

Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,806.82 while the Shenzhen composite advanced by 0.733 percent at about 1,447.85.

South Korean markets were closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: eustance huang
Keywords: news, cnbc, companies, markets, trade, index, asia, composite, earlier, trumps, closed, hong, public, comments, higher, traded, gains, despite


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