JP Morgan says gains in Asian stocks are ‘already behind us’

Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday. Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. “We’ve been a bit more on the cautious side since … the seco


Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday. Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. “We’ve been a bit more on the cautious side since … the seco
JP Morgan says gains in Asian stocks are ‘already behind us’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: yen nee lee
Keywords: news, cnbc, companies, gains, markets, morgan, region, stocks, asian, jp, investors, index, grow, prices, asia


JP Morgan says gains in Asian stocks are 'already behind us'

Stock markets in Asia have already given investors most of the returns they can get this year — and shares prices in the region may struggle to grow much more for the rest of 2019, J.P. Morgan said on Tuesday.

Asian stocks have had a strong start to the year after ending 2018 in negative territory. The MSCI Asia ex-Japan index — a widely followed benchmark for stocks in the region — has grown by around 13.68 percent so far this year. The index fell by 16.24 percent last year.

“We’ve been a bit more on the cautious side since … the second week of March,” Mixo Das, Asia equity strategist at J.P. Morgan, told CNBC’s “Squawk Box.”

“I think most of the gains for this year in Chinese as well as Asian equity markets are already behind us. From here, it’s going to be more of a difficult slog. We still see gains but it’s going to be a much more volatile process,” he added.

Asked how Asian share prices will likely perform between now till the end of the year, Das responded that they could grow by a low single-digit, or remain largely flat.

He explained that valuations have become stretched compared to projections on where earnings are headed in the coming months. In addition, he said sentiment among investors have become “overextended” and “overheated.”


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: yen nee lee
Keywords: news, cnbc, companies, gains, markets, morgan, region, stocks, asian, jp, investors, index, grow, prices, asia


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Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore


Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore
Stocks in Asia advance; BOJ chief flags concerns over trade protectionism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook.

The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. The Topix index, however, slipped fractionally to end its trading day at 1,626.46.

Shares of Japanese telcos Softbank Corp and NTT Docomo jumped 3.05 percent and 3.56 percent, respectively, after the latter announced price cuts that were smaller than expected.

Shares in mainland China jumped on the day, with the Shanghai composite gaining 2.39 percent to about 3,253.60 and the Shenzhen component adding about 2.33 percent to around 10,287.64. The Shenzhen composite also advanced 2.095 percent to approximately 1,760.02.

Resilience in the property market would provide some cushion for China’s economy as sectors such as manufacturing and retail are hit by trade war tensions and weak consumer confidence, Reuters reported.

Average new home prices in China rose faster in March as compared to February, according to Reuters’ calculation of data released by the National Bureau of Statistics on Tuesday.

In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading.

Over in South Korea, the Kospi closed 0.26 percent higher at 2,248.63, as shares of Asiana Airlines surged 16.07 percent.

The top shareholder of Asiana Airlines, Kumho Industrial, said on Monday it would sell its entire stake in the debt-ridden carrier to keep it afloat, Reuters reported. That followed weeks of financial uncertainty after the carrier failed to win auditors’ sign-off on its 2018 financial statements, which triggered warnings of credit ratings downgrades, according to the Reuters report. For its part, Kumho Industrial saw its stock jump 6.62 percent.

In Australia, the ASX 200 gained 0.42 percent to close at 6,277.40, as most sectors advanced.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


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More gains ahead for the market after strong start to 2019, history shows

The U.S. stock market got off to a strong start in 2019, and history shows Wall Street may be in store for more gains, according to data compiled by Ned Davis Research. The S&P 500 rose in each of the first three months of the year, something that had only happened 22 times before, the data shows. A rise of that magnitude would push the S&P 500 to 3,117, well above the all-time high of 2,940.91 set in late September. Stocks rallied in the first quarter of 2019 as the Federal Reserve indicated it


The U.S. stock market got off to a strong start in 2019, and history shows Wall Street may be in store for more gains, according to data compiled by Ned Davis Research. The S&P 500 rose in each of the first three months of the year, something that had only happened 22 times before, the data shows. A rise of that magnitude would push the S&P 500 to 3,117, well above the all-time high of 2,940.91 set in late September. Stocks rallied in the first quarter of 2019 as the Federal Reserve indicated it
More gains ahead for the market after strong start to 2019, history shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, gari garaialde, getty images
Keywords: news, cnbc, companies, ahead, history, strong, youtube, wrote, market, 2019, 500, data, gains, start, ned, davis, index, sp, shows


More gains ahead for the market after strong start to 2019, history shows

The U.S. stock market got off to a strong start in 2019, and history shows Wall Street may be in store for more gains, according to data compiled by Ned Davis Research.

The S&P 500 rose in each of the first three months of the year, something that had only happened 22 times before, the data shows. The broad index has followed up those annual starts with an average gain of 7.23% over the next nine months.

A rise of that magnitude would push the S&P 500 to 3,117, well above the all-time high of 2,940.91 set in late September. On Monday, the index traded less than 2% away from its record.

Stocks rallied in the first quarter of 2019 as the Federal Reserve indicated it would not further tighten monetary policy in 2019. Equities also got a lift amid perceived progress in U.S.-China trade talks.

“I do think that trend evidence leans bullish,” Ned Davis, founder of his namesake research firm, wrote in a note Monday. However, he cautioned investors not to make an investment decision solely on historical statistics like these. “My own belief is that people should be suspicious of studies that look ‘too good’ over shortened date ranges.”

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Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, gari garaialde, getty images
Keywords: news, cnbc, companies, ahead, history, strong, youtube, wrote, market, 2019, 500, data, gains, start, ned, davis, index, sp, shows


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How does that index fund address social issues? SEC official seeks transparency

The Securities and Exchange Commission is contemplating a new rule that would represent a fundamental rethink of the way funds disclose key information to investors, and, as technology advances, how information is released to them, as well. One top SEC official, Commissioner Robert Jackson, believes this rethink should include discussion of how funds disclose their votes on key social issues. Investors can choose funds designed (and branded) as environmental, social and governance (ESG) investme


The Securities and Exchange Commission is contemplating a new rule that would represent a fundamental rethink of the way funds disclose key information to investors, and, as technology advances, how information is released to them, as well. One top SEC official, Commissioner Robert Jackson, believes this rethink should include discussion of how funds disclose their votes on key social issues. Investors can choose funds designed (and branded) as environmental, social and governance (ESG) investme
How does that index fund address social issues? SEC official seeks transparency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eric rosenbaum, fort worth star-telegram, tribune news service, getty images, wolfgang kaehler, lightrocket, krisanapong detraphiphat, moment, dominick reuter, afp
Keywords: news, cnbc, companies, transparency, issues, disclose, official, address, seeks, key, investors, index, does, votes, information, funds, social, voting, fund, sec


How does that index fund address social issues? SEC official seeks transparency

The era of low-cost index funds from asset management giants such as Vanguard Group and BlackRock has simplified the fund-buying process — and that has been a good thing — but there is more work to be done.

The Securities and Exchange Commission is contemplating a new rule that would represent a fundamental rethink of the way funds disclose key information to investors, and, as technology advances, how information is released to them, as well.

One top SEC official, Commissioner Robert Jackson, believes this rethink should include discussion of how funds disclose their votes on key social issues.

Mutual fund investors have learned that there are a few critical pieces of information to ask about before making an investment purchase: How much does the fund cost, and how has its performance compared with other funds and the index? But that leaves out a layer of information that is becoming increasingly important to a new generation of investors: Does your fund care about social conditions across the Earth today and the future of the planet itself?

Investors can choose funds designed (and branded) as environmental, social and governance (ESG) investments. But the vast majority of investors are still in funds designed to buy stocks first and deal with the social repercussions after as they cast votes at annual meetings — the most votes of any public company shareholders.

Those proxy voting records of big fund companies on issues — including climate change, human rights, gun control and CEO pay — are a key metric to measure their social responsibility. On issues such as climate change, they’ve proven to be more talk than action.

“We should be showing how votes are cast with Americans’ dollars at the point of sale,” Jackson said in a recent interview with CNBC. “When you sit down with a broker and they put you in a fund, that investor ought to know how the money voted.”

While mutual funds are required by the SEC to disclose their proxy voting record once a year in a public document called an N-PX, that information remains hidden from most investors — who wouldn’t be able to understand the disclosure even if they knew how to find it.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eric rosenbaum, fort worth star-telegram, tribune news service, getty images, wolfgang kaehler, lightrocket, krisanapong detraphiphat, moment, dominick reuter, afp
Keywords: news, cnbc, companies, transparency, issues, disclose, official, address, seeks, key, investors, index, does, votes, information, funds, social, voting, fund, sec


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Financial literacy matters. Here’s what we need to do about it

To that point, a variety of financial research and reports have made it clear that we, as a country, need to focus on financial literacy. The TIAA Institute-GFLEC Personal Finance Index, or P-Fin Index, shows that only about half of Americans grasp the concepts behind managing debt, saving for retirement or insuring against major risks. This is the knowledge needed for savvy financial decision-making. The index gauges overall personal finance knowledge and provides a nuanced analysis of eight ar


To that point, a variety of financial research and reports have made it clear that we, as a country, need to focus on financial literacy. The TIAA Institute-GFLEC Personal Finance Index, or P-Fin Index, shows that only about half of Americans grasp the concepts behind managing debt, saving for retirement or insuring against major risks. This is the knowledge needed for savvy financial decision-making. The index gauges overall personal finance knowledge and provides a nuanced analysis of eight ar
Financial literacy matters. Here’s what we need to do about it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: annamaria lusardi, getty images, -annamaria lusardi, chair of economics, accountancy at george washington university school
Keywords: news, cnbc, companies, financial, matters, index, risk, personal, literacy, needed, americans, variety, finance, knowledge, heres, reasons, need


Financial literacy matters. Here's what we need to do about it

The lack of financial understanding by consumers has been signaled as one of the main reasons behind savings and investing problems faced by many Americans. To that point, a variety of financial research and reports have made it clear that we, as a country, need to focus on financial literacy.

The TIAA Institute-GFLEC Personal Finance Index, or P-Fin Index, shows that only about half of Americans grasp the concepts behind managing debt, saving for retirement or insuring against major risks. This is the knowledge needed for savvy financial decision-making.

Too many people just don’t have it, and that does not bode well for families, their communities or the country.

The index gauges overall personal finance knowledge and provides a nuanced analysis of eight areas where individuals routinely make financial decisions.

The latest findings are sobering for two reasons. First, financial knowledge is especially low where it is most needed: in the area of risk and risk management. Second, financial literacy is not improving over time.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: annamaria lusardi, getty images, -annamaria lusardi, chair of economics, accountancy at george washington university school
Keywords: news, cnbc, companies, financial, matters, index, risk, personal, literacy, needed, americans, variety, finance, knowledge, heres, reasons, need


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S&P is rolling out socially-minded index

S&P Dow Jones Indices, a unit of S&P Global Inc., is launching an environmental, social and governance version of its S&P 500 Index in an effort to meet increased investor demand for impact-investment products based on U.S. equities. More from Impact Investing:Impact investors battle Trump’s anti-climate stanceThis app fights climate change, makes you moneyInvesting with equal pay in mind tougher than you’d thinkThe S&P 500 ESG Index (ticker: SPXESUP) will replicate the risk and return of the S&


S&P Dow Jones Indices, a unit of S&P Global Inc., is launching an environmental, social and governance version of its S&P 500 Index in an effort to meet increased investor demand for impact-investment products based on U.S. equities. More from Impact Investing:Impact investors battle Trump’s anti-climate stanceThis app fights climate change, makes you moneyInvesting with equal pay in mind tougher than you’d thinkThe S&P 500 ESG Index (ticker: SPXESUP) will replicate the risk and return of the S&
S&P is rolling out socially-minded index Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: cnbccom staff, krisanapong detraphiphat, moment, getty images, wolfgang kaehler, lightrocket, dominick reuter, afp, pauline askin, steve parsons
Keywords: news, cnbc, companies, sociallyminded, index, market, global, social, indices, esg, 500, jones, sp, based, rolling


S&P is rolling out socially-minded index

S&P Dow Jones Indices, a unit of S&P Global Inc., is launching an environmental, social and governance version of its S&P 500 Index in an effort to meet increased investor demand for impact-investment products based on U.S. equities.

In the coming months, S&P DJI will also launch a global family of ESG indices based on its other widely tracked regional and country-specific large and mid-cap benchmarks used in the Americas; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific (APAC) region.

More from Impact Investing:

Impact investors battle Trump’s anti-climate stance

This app fights climate change, makes you money

Investing with equal pay in mind tougher than you’d think

The S&P 500 ESG Index (ticker: SPXESUP) will replicate the risk and return of the S&P 500 — the market-cap-weighted index of the 500-largest publicly traded companies in the U.S. — while integrating environmental, social and governance criteria, according to company officials.

The index will target 75% of the traditional S&P 500’s market capitalization at the industry level based on the Global Industry Classification Standard.

“We are excited to bring to market these innovative ESG indices and scores,” said Alex Matturri, CEO at S&P Dow Jones Indices. “Our philosophy as an independent index provider is to offer choice to investors.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: cnbccom staff, krisanapong detraphiphat, moment, getty images, wolfgang kaehler, lightrocket, dominick reuter, afp, pauline askin, steve parsons
Keywords: news, cnbc, companies, sociallyminded, index, market, global, social, indices, esg, 500, jones, sp, based, rolling


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Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum


Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum
Asia stocks mixed as investors digest better-than-expected US jobs data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing.

The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN.

Mainland Chinese stocks were mostly lower on the day, with the Shanghai composite declining slightly to 3,244.81 and the Shenzhen composite falling 0.551% to 1,770.20. The Shenzhen component, on the other hand, was 0.11% higher at 10,351.86.

Meanwhile, Hong Kong’s Hang Seng index gained 0.32% in its final hour of trading.

In Japan, the Nikkei 225 slipped 0.21% to close at 21,761.65 as index heavyweight Fanuc declined 0.74%. The Topix also shed 0.35% to finish at 1,620.14.

Over in South Korea, the Kospi closed fractionally higher at 2,210.60.

Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. The carrier has been hit in recent years by a series of scandals involving its founding family members, culminating in the indictment of Cho last year on charges of embezzlement and breach of trust. Cho had denied the charges against him.

Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jumped 1.88% and 15.12%, respectively. Hanjin KAL, the holding company for the Hanjin Group conglomerate where Cho was chairman, saw gains of 20.63%.

Australia’s ASX 200 advanced 0.65% to close at 6,221.40 as almost all sectors gained.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


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Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.


Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.
Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March.

By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67.

Meanwhile, the CSI 300, which tracks the largest stocks listed on the mainland, advanced 2.62 percent to 3,973.93.

Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists. A reading below 50 signals contraction, while a reading above that level indicates expansion.

That came on the back of Sunday’s release of the official PMI in China, which rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

“Our view is the impact of policy easing is gradually kicking in, pushing up sequential growth indicators such as PMI first,” economists from Bank of America-Merrill Lynch said in a note.

In particular, they said, the “larger-than-expected tax/fee cuts and improving financial conditions” likely provided a boost to business sentiment in the country’s manufacturing space. Furthermore, demand for industrial restocking could also have risen as commodity and raw material prices experienced a rebound.

“I think this is indeed a good number,” Tan Min Lan, head of the Asia Pacific chief investment office at UBS Wealth Management, told CNBC’s “Street Signs” on Monday.

“It is a critical number because (I) recall that a couple of weeks back one of the key concern(s) of the market is that when factories shut during the Chinese New Year period, they may not (reopen) if orders do not materialize,” she said.

“I think this set of data, it’s critical, it’s important because it suggests that production did not fall over the cliff and that the fears over industrial deflation and the fears over an unemployment surge may have been overplayed,” Tan added.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

— Reuters and CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


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Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys


Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys
Stocks in Asia jump following better-than-expected Chinese economic data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March.

Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. The Shenzhen composite jumped 3.571 percent to 1,755.67.

Over in Hong Kong, the Hang Seng index was up 1.66 percent in its final hour of trading.

Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analysts.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.94 percent, as of 3:18 p.m. HK/SIN

The Nikkei 225 in Japan jumped 1.43 percent to close at 21,509.03 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also gained 1.52 percent to finish at 1,615.81.

Apple supplier Japan Display saw its stock surge 10.14 percent after the embattled company said it aimed to reach a financing agreement this week that would lead to a 60 to 80 billion yen (approx. $540 to $720 million) stock and bond issuance. Previous reports in January had suggested that Japan Display — suffering the impact of disappointing sales for Apple’s iPhone XR — was in advanced talks with an investor group from Taiwan and China to bail out the company.

The closely watched “tankan” survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country’s big manufacturers in the first quarter.

“The large manufacturing weakness is probably worrying for (the Bank of Japan) … in the sense that the economy isn’t picking up as quickly as perhaps as had been anticipated but the bigger issue … is not the economy,” Mitul Kotecha, senior emerging markets strategist at TD Securities, told CNBC’s “Squawk Box” on Monday.

Instead, Kotecha said inflation continues to be a bugbear for the Japanese central bank, where its target rate of 2 percent remains ever elusive.

Over in South Korea, the Kospi added 1.29 percent to finish at 2,168.28 as chipmaker SK Hynix saw its stock jump 3.23 percent.

Meanwhile, Australia’s ASX 200 rose 0.59 percent to close at 6,217.00, with most sectors seeing gains.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


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China’s $13 trillion bond market marks a milestone. Here’s what it means

Hundreds of onshore Chinese bonds will be added to the Bloomberg Barclays Global Aggregate Index over the next 20 months. Analysts estimated that the full inclusion will attract around $150 billion of foreign inflows into China’s roughly $13 trillion bond market — the third-largest in the world after the U.S. and Japan. The index inclusion is the latest step in the opening up of China’s financial markets to global investors. Last year, Chinese A-shares — yuan-denominated stocks traded on the mai


Hundreds of onshore Chinese bonds will be added to the Bloomberg Barclays Global Aggregate Index over the next 20 months. Analysts estimated that the full inclusion will attract around $150 billion of foreign inflows into China’s roughly $13 trillion bond market — the third-largest in the world after the U.S. and Japan. The index inclusion is the latest step in the opening up of China’s financial markets to global investors. Last year, Chinese A-shares — yuan-denominated stocks traded on the mai
China’s $13 trillion bond market marks a milestone. Here’s what it means Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: yen nee lee
Keywords: news, cnbc, companies, global, inclusion, heres, 13, milestone, marks, markets, bond, means, bonds, trillion, index, opening, chinese, chinas, market, investors


China's $13 trillion bond market marks a milestone. Here's what it means

The demand for Chinese bonds could increase: BlackRock 4:44 AM ET Mon, 1 April 2019 | 02:56

Domestic Chinese bonds became part of a major global index on Monday, marking another milestone in the opening up of China’s financial markets.

Hundreds of onshore Chinese bonds will be added to the Bloomberg Barclays Global Aggregate Index over the next 20 months. Analysts estimated that the full inclusion will attract around $150 billion of foreign inflows into China’s roughly $13 trillion bond market — the third-largest in the world after the U.S. and Japan.

The index inclusion is the latest step in the opening up of China’s financial markets to global investors. Last year, Chinese A-shares — yuan-denominated stocks traded on the mainland — were included in the MSCI Emerging Markets Index. China has also launched “connect” programs that allow investors to buy certain shares and bonds through Hong Kong’s stock market.

“Today marks an important milestone as China’s capital markets continue to find their place in the global investment mainstream,” said Justin Chan, HSBC’s co-head of global markets in Asia Pacific.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: yen nee lee
Keywords: news, cnbc, companies, global, inclusion, heres, 13, milestone, marks, markets, bond, means, bonds, trillion, index, opening, chinese, chinas, market, investors


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