Asia stocks mixed amid better-than-expected Chinese manufacturing activity; Budweiser shares surge

Asia stocks were mixed on Monday as Chinese factory activity in September came in above expectations. Mainland Chinese stocks slipped on the day, with the Shanghai composite shedding 0.92% to about 2,905.19 and Shenzhen component falling 1.08% to 9,446.24. Over in Hong Kong, the Hang Seng index rose 0.52%, as of its final hour of trading, as shares of Hong Kong Exchanges and Clearing advanced 1.06%. The Topix also shed 1.03% to finish its trading day at 1,587.80. South Korea’s Kospi advanced 0.6


Asia stocks were mixed on Monday as Chinese factory activity in September came in above expectations. Mainland Chinese stocks slipped on the day, with the Shanghai composite shedding 0.92% to about 2,905.19 and Shenzhen component falling 1.08% to 9,446.24. Over in Hong Kong, the Hang Seng index rose 0.52%, as of its final hour of trading, as shares of Hong Kong Exchanges and Clearing advanced 1.06%. The Topix also shed 1.03% to finish its trading day at 1,587.80. South Korea’s Kospi advanced 0.6
Asia stocks mixed amid better-than-expected Chinese manufacturing activity; Budweiser shares surge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, day, surge, slipped, kong, shenzhen, manufacturing, chinese, budweiser, betterthanexpected, shares, mixed, asia, amid, trading, hong, trade, shed


Asia stocks mixed amid better-than-expected Chinese manufacturing activity; Budweiser shares surge

Asia stocks were mixed on Monday as Chinese factory activity in September came in above expectations.

Mainland Chinese stocks slipped on the day, with the Shanghai composite shedding 0.92% to about 2,905.19 and Shenzhen component falling 1.08% to 9,446.24. The Shenzhen composite also slipped 1.058% to approximately 1,595.21.

Over in Hong Kong, the Hang Seng index rose 0.52%, as of its final hour of trading, as shares of Hong Kong Exchanges and Clearing advanced 1.06%.

Anheuser-Busch InBev’s Budweiser APAC listing jumped more than 3% in afternoon trade on its public debut in Hong Kong on Monday, against the backdrop of protests that have lasted for months in the city. The IPO is the second largest of 2019, with shares priced last week at the low end of the expected range.

“It’s a great stock for our market because it has regional exposure, it even gives you regional exposure into … the frontier markets which are hard to buy into. It’s in a defensive sector and … it’s liquid enough that people can actually trade it,” Mark Jolley, global strategist at CCB International Securities, told CNBC on Monday.

In Japan, the Nikkei 225 slipped 0.56% to close at 21,755.84 as shares of index heavyweight and conglomerate Softbank Group plunged 2.62%. The Topix also shed 1.03% to finish its trading day at 1,587.80.

South Korea’s Kospi advanced 0.64% to close at 2,063.05 while Australia’s S&P/ASX 200 shed 0.41% to end its trading day at 6,688.30.

Overall, the MSCI-Asia ex-Japan traded 0.06% lower.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, day, surge, slipped, kong, shenzhen, manufacturing, chinese, budweiser, betterthanexpected, shares, mixed, asia, amid, trading, hong, trade, shed


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Asia stocks mixed; US-China trade talks set to resume

Asia Pacific stocks were mixed on Friday as investors watched for developments on the U.S.-China trade front. Mainland Chinese stocks were edged up on the day, with the Shenzhen component up 0.89% to 9,548.96 and Shenzhen composite advancing 0.91% to approximately 1,612.26. In Hong Kong, the Hang Seng index slipped 0.3%, as of its final hour of trading. The Topix index also shed 1.17% to end its trading day at 1,604.25. In South Korea, the Kospi declined 1.19% to end its trading day at 2,049.93.


Asia Pacific stocks were mixed on Friday as investors watched for developments on the U.S.-China trade front. Mainland Chinese stocks were edged up on the day, with the Shenzhen component up 0.89% to 9,548.96 and Shenzhen composite advancing 0.91% to approximately 1,612.26. In Hong Kong, the Hang Seng index slipped 0.3%, as of its final hour of trading. The Topix index also shed 1.17% to end its trading day at 1,604.25. In South Korea, the Kospi declined 1.19% to end its trading day at 2,049.93.
Asia stocks mixed; US-China trade talks set to resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: eustance huang
Keywords: news, cnbc, companies, index, stocks, uschina, weve, resume, slipped, set, trade, weak, asia, talks, mixed, trading, shares, shenzhen, day


Asia stocks mixed; US-China trade talks set to resume

Asia Pacific stocks were mixed on Friday as investors watched for developments on the U.S.-China trade front.

Mainland Chinese stocks were edged up on the day, with the Shenzhen component up 0.89% to 9,548.96 and Shenzhen composite advancing 0.91% to approximately 1,612.26. The Shanghai composite added 0.11% to around 2,932.17.

China’s industrial profits for August dropped 2% from a year earlier, according to the country’s National Bureau of Statistics. That followed a 2.6% gain in July and a 3.1% in June.

“The pressure is there, it’s not just in terms of … exports,” Sian Fenner, lead Asia economist at Oxford Economics, told CNBC’s “Street Signs” on Friday. “The investment growth has remained very weak and we’ve even seen that consumption has actually slowed with what we’ve been seeing in retail sales.”

“It does look we’re gonna have another weak quarter and we will need more stimulus,” she added.

In Hong Kong, the Hang Seng index slipped 0.3%, as of its final hour of trading.

Japan’s Nikkei 225 slipped 0.77% to close at 21,878.90 as shares of index heavyweight and conglomerate Softbank Group fell 1.96%. The Topix index also shed 1.17% to end its trading day at 1,604.25. Shares of Apple supplier Japan Display plummeted 10.45% after the company said Thursday Chinese investment firm Harvest Group would withdraw from a bailout.

In South Korea, the Kospi declined 1.19% to end its trading day at 2,049.93. Australia’s S&P/ASX 200 closed 0.58% higher at 6,716.10.

Overall, the MSCI Asia ex-Japan index traded 0.24% lower.


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: eustance huang
Keywords: news, cnbc, companies, index, stocks, uschina, weve, resume, slipped, set, trade, weak, asia, talks, mixed, trading, shares, shenzhen, day


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Asia stocks subdued as weak Europe data fuel growth fears

Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment. The Shenzhen composite also rose 0.331% to approximately 1,665.56. The Topix index also gained 0.42% to end its trading day at 1,622.94. Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90. Overall, the MSCI Asia ex-Japan index rose 0.05%.


Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment. The Shenzhen composite also rose 0.331% to approximately 1,665.56. The Topix index also gained 0.42% to end its trading day at 1,622.94. Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90. Overall, the MSCI Asia ex-Japan index rose 0.05%.
Asia stocks subdued as weak Europe data fuel growth fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: eustance huang
Keywords: news, cnbc, companies, trading, shenzhen, shares, hong, weak, higher, composite, closed, subdued, growth, europe, rose, asia, data, stocks, index, fears, day, fuel


Asia stocks subdued as weak Europe data fuel growth fears

Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment.

Shares on mainland China edged up on the day, with the Shanghai composite adding 0.28% to about 2,985.34 and the Shenzhen component gaining 0.31% to 9,811.38. The Shenzhen composite also rose 0.331% to approximately 1,665.56.

Meanwhile, Hong Kong’s Hang Seng index advanced 0.24%, as of its final hour of trading. Shares of Anheuser-Busch InBev’s Asian business were priced at HK$27 apiece, the bottom of the range in the firm’s second attempt at listing in Hong Kong. The stock is scheduled to start trading on Sept. 30.

In Japan, the Nikkei 225 closed fractionally higher at 22,098.84 despite shares of index heavyweights Fast Retailing and Softbank Group declining 1.16% and 1.82%, respectively. The Topix index also gained 0.42% to end its trading day at 1,622.94.

Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90.

Overall, the MSCI Asia ex-Japan index rose 0.05%.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: eustance huang
Keywords: news, cnbc, companies, trading, shenzhen, shares, hong, weak, higher, composite, closed, subdued, growth, europe, rose, asia, data, stocks, index, fears, day, fuel


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Asia Pacific stocks inch higher amid US-China trade jitters

Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached between the two economic powerhouses. Mainland Chinese stocks were higher on the day, with the Shanghai composite rising 0.24% to about 3,006.45 and Shenzhen component gaining 0.29% to 9,881.25. The People’s Bank of China published its new loan prime rates (LPR) on Friday. The 1-year loan prime rate was cut to 4.2%, as compar


Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached between the two economic powerhouses. Mainland Chinese stocks were higher on the day, with the Shanghai composite rising 0.24% to about 3,006.45 and Shenzhen component gaining 0.29% to 9,881.25. The People’s Bank of China published its new loan prime rates (LPR) on Friday. The 1-year loan prime rate was cut to 4.2%, as compar
Asia Pacific stocks inch higher amid US-China trade jitters Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-20  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, shenzhen, prime, higher, jitters, pacific, loan, trade, index, rose, asia, day, rate, stocks, rising, inch, amid


Asia Pacific stocks inch higher amid US-China trade jitters

Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached between the two economic powerhouses.

Mainland Chinese stocks were higher on the day, with the Shanghai composite rising 0.24% to about 3,006.45 and Shenzhen component gaining 0.29% to 9,881.25. The Shenzhen component added 0.162% to approximately 1,675.35. Hong Kong’s Hang Seng index was 0.16% lower, as of its final hour of trading.

The People’s Bank of China published its new loan prime rates (LPR) on Friday. The 1-year loan prime rate was cut to 4.2%, as compared to 4.25% a month ago, while the 5-year loan prime rate was unchanged from the previous month at 4.85%.

The LPR is the interest rate that banks charge their most creditworthy customers and a revamp was announced by the Chinese central bank in August in a bid to lower borrowing costs to boost the country’s economy.

Elsewhere, the Nikkei 225 in Japan rose 0.16% on the day to 22,079.09 while the Topix index closed less than 0.1% higher at 1,616.23.

Japan’s core consumer inflation slowed to a new two-year low in August, rising 0.5% in August from a year earlier, and slowing from a 0.6% gain in July. It was the slowest pace of increase since July 2017, when the index rose 0.5%.

In South Korea, the Kospi advanced 0.54% to end its trading day at 2,091.52, while Australia’s S&P/ASX 200 closed 0.2% higher at 6,730.80.

Overall, the MSCI Asia ex-Japan index was up 0.48%.


Company: cnbc, Activity: cnbc, Date: 2019-09-20  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, shenzhen, prime, higher, jitters, pacific, loan, trade, index, rose, asia, day, rate, stocks, rising, inch, amid


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Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump

Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week. Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading. Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66


Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week. Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading. Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66
Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, decision, tariffs, shares, rose, asia, index, ecb, shenzhen, investors, rate, day, south, china, mixed, suppliers, interest, jump, await, composite


Stocks in Asia mixed as investors await ECB interest rate decision; Apple suppliers mostly jump

Shares in Asia were mixed on Wednesday as investors awaited the European central bank’s interest rate decision later in the week.

Mainland Chinese shares were lower on the day, with the Shenzhen component declining 0.935% to about 1,671.54 and the Shenzhen composite down 1.12% to 9,853.72. The Shanghai composite slipped 0.41% to around 3,008.81. Meanwhile, Hong Kong’s Hang Seng index rose 1.51%, as of its final hour of trading.

Elsewhere in Japan, the Nikkei 225 rose 0.96% to close at 21,597.76 while the Topix index gained 1.65% on the day to 1,583.66. South Korea’s Kospi closed 0.84% higher at 2,049.20. Over in Australia, the S&P/ASX 200 advanced 0.36% to end its trading day at 6,638.00.

Overall, the MSCI Asia ex-Japan index rose 0.64%.

On the trade front, China’s Ministry of Finance announced that 16 American products will be exempted from additional tariffs. On Tuesday, the South China Morning Post reported that China has offered to increase U.S. agricultural purchases in exchange for a delay in tariffs and easing of a supply ban against telecommunications giant Huawei Technologies.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, decision, tariffs, shares, rose, asia, index, ecb, shenzhen, investors, rate, day, south, china, mixed, suppliers, interest, jump, await, composite


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Asia markets higher as Chinese exports unexpectedly decline

Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China. Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city. In South Korea, the Kospi added 0.52% to finish its trading day


Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China. Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city. In South Korea, the Kospi added 0.52% to finish its trading day
Asia markets higher as Chinese exports unexpectedly decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, following, unexpectedly, exports, rose, asia, trading, shenzhen, shares, markets, largely, index, decline, flat, higher, chinese, day


Asia markets higher as Chinese exports unexpectedly decline

Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China.

Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. The Shenzhen composite also surged 1.913% to approximately 1,689.21.

Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city.

In Japan, the Nikkei 225 rose 0.56% to close at 21,318.42 while the Topix index added 0.91% on the day to 1,551.11. Shares of Japanese automaker Nissan slipped 0.22% following reports that company Chief Executive Hiroto Saikawa has expressed his desire to resign, following an admission last week to being improperly compensated.

Japan’s economy grew an annualized 1.3% in the April to June quarter, according to revised data from the Cabinet Office on Monday. That was lower than the initial estimate of a 1.8% expansion, but matched market expectations.

In South Korea, the Kospi added 0.52% to finish its trading day at 2,019.55, with shares of chipmaker SK Hynix jumping 2.93%. Australia’s S&P/ASX 200 closed largely flat at 6,648.00.

Overall, the MSCI Asia ex-Japan index traded 0.27% higher.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, following, unexpectedly, exports, rose, asia, trading, shenzhen, shares, markets, largely, index, decline, flat, higher, chinese, day


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Hong Kong stocks soar 4% following reports that extradition bill could be formally withdrawn

The Hang Seng index in Hong Kong soared 4% during Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn. Hong Kong Chief Executive Carrie Lam is set to announce on Wednesday the formal withdrawal of the extradition bill that sparked protests in the city that have lasted for months, Reuters reported, citing the South China Morning Post and other local media outlets. Shares of companies that have come under the spotlight amid the turmoil in Hong K


The Hang Seng index in Hong Kong soared 4% during Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn. Hong Kong Chief Executive Carrie Lam is set to announce on Wednesday the formal withdrawal of the extradition bill that sparked protests in the city that have lasted for months, Reuters reported, citing the South China Morning Post and other local media outlets. Shares of companies that have come under the spotlight amid the turmoil in Hong K
Hong Kong stocks soar 4% following reports that extradition bill could be formally withdrawn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: eustance huang
Keywords: news, cnbc, companies, services, formally, reports, shenzhen, soar, hong, showed, kong, extradition, index, rising, following, south, set, saw, stocks, withdrawn, bill


Hong Kong stocks soar 4% following reports that extradition bill could be formally withdrawn

The Hang Seng index in Hong Kong soared 4% during Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn.

Hong Kong Chief Executive Carrie Lam is set to announce on Wednesday the formal withdrawal of the extradition bill that sparked protests in the city that have lasted for months, Reuters reported, citing the South China Morning Post and other local media outlets.

Shares of companies that have come under the spotlight amid the turmoil in Hong Kong also skyrocketed.

Railway operator MTR, which has been hit by disruptions in its operations and damage to its infrastructure, jumped 6.74%. Embattled airliner Cathay Pacific also saw its shares surge 7.82%, with the firm’s CEO stepping down in mid-August amid heavy political pressure from Beijing after one of its pilots was found to have taken part in the ongoing protests in Hong Kong.

Mainland Chinese stocks saw gains on the day, with the Shanghai composite rising 0.93% to about 2,957.41 while the the Shenzhen component added 0.69% to 9,700.32. The Shenzhen composite also advanced 0.667% to approximately 1,636.40.

The Caixin/Markit Services Purchasing Managers’ Index came in at 52.1 in August, its highest since May. The 50-mark in PMI readings separates growth and contraction. Official data for August released over the weekend showed services sector activity picking up for the first time in five months in August.

In Japan, the Nikkei 225 gained 0.12% to close at 20,649.14 while the Topix index shed 0.26% to end its trading day at 1,506.81. The Kospi in South Korea closed 1.16% higher at 1,988.53.

The S&P/ASX 200 in Australia closed 0.31% lower at 6,553.00. Data released Wednesday showed Australia’s economy rising as expected during the second quarter. Gross domestic product rose 0.5% quarter-on-quarter on a seasonally adjusted basis, and grew 1.4% year-on-year. Both figures came in in line with expectations from their respective Reuters polls.

Overall, the MSCI Asia ex-Japan index was about 1.5% higher.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: eustance huang
Keywords: news, cnbc, companies, services, formally, reports, shenzhen, soar, hong, showed, kong, extradition, index, rising, following, south, set, saw, stocks, withdrawn, bill


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Asia stocks mixed as new US-China tariffs go into effect

Stocks in Asia were mixed on Monday as the latest round of U.S. and China tariffs kicked into effect over the weekend, while investors digested better-than-expected Chinese manufacturing data. Mainland Chinese shares jumped on the day, as the Shanghai composite added 1.31% to around 2,924.11 and the Shenzhen component was up 2.18% to 9,569.47. Over in Hong Kong, however, the Hang Seng index slipped 0.64%, as of its final hour of trading. Elsewhere, the Nikkei 225 in Japan shed 0.41% to close at


Stocks in Asia were mixed on Monday as the latest round of U.S. and China tariffs kicked into effect over the weekend, while investors digested better-than-expected Chinese manufacturing data. Mainland Chinese shares jumped on the day, as the Shanghai composite added 1.31% to around 2,924.11 and the Shenzhen component was up 2.18% to 9,569.47. Over in Hong Kong, however, the Hang Seng index slipped 0.64%, as of its final hour of trading. Elsewhere, the Nikkei 225 in Japan shed 0.41% to close at
Asia stocks mixed as new US-China tariffs go into effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-02  Authors: eustance huang
Keywords: news, cnbc, companies, trading, stocks, tariffs, uschina, effect, round, weekend, asia, statement, day, slipped, index, shenzhen, shares, mixed, infrastructure


Asia stocks mixed as new US-China tariffs go into effect

Stocks in Asia were mixed on Monday as the latest round of U.S. and China tariffs kicked into effect over the weekend, while investors digested better-than-expected Chinese manufacturing data.

Mainland Chinese shares jumped on the day, as the Shanghai composite added 1.31% to around 2,924.11 and the Shenzhen component was up 2.18% to 9,569.47. The Shenzhen composite also gained 2.259% to approximately 1,614.92.

The technology sector also got a boost from a Sunday statement about the importance of investing in the high-tech space, as the Chinext index soared 3.04% to about 1,944.42.

China’s State Council had announced more measures to support its economy on Sunday. In the statement, originally posted in Mandarin, it said that it attached “great importance” to the development of sectors such as infrastructure, high-tech, and the transformation of traditional industries.

Over in Hong Kong, however, the Hang Seng index slipped 0.64%, as of its final hour of trading. Tensions worsened in the beleaguered city, with another round of fresh protests that occurred over the weekend. Shares of railway operator MTR plunged more than 3%, with infrastructure at multiple stations being damaged in the past few days.

Elsewhere, the Nikkei 225 in Japan shed 0.41% to close at 20,620.19, while the Topix index also fell 0.44% to finish its trading day at 1,505.21. Over in South Korea, the Kospi ended its trading day in Seoul fractionally higher at 1,969.19. Australia’s S&P/ASX 200 slipped 0.38% to close at 6,579.40.

Overall, the MSCI Asia ex-Japan index fell 0.32%.


Company: cnbc, Activity: cnbc, Date: 2019-09-02  Authors: eustance huang
Keywords: news, cnbc, companies, trading, stocks, tariffs, uschina, effect, round, weekend, asia, statement, day, slipped, index, shenzhen, shares, mixed, infrastructure


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Asia stocks mixed amid positive signals from Beijing on US-China trade

Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now. In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1


Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now. In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1
Asia stocks mixed amid positive signals from Beijing on US-China trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: eustance huang
Keywords: news, cnbc, companies, trade, uschina, asia, signals, stocks, amid, beijing, index, shenzhen, shares, higher, composite, close, positive, day, mixed, trading, korea, rate


Asia stocks mixed amid positive signals from Beijing on US-China trade

Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now.

In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86.

Similar gains were seen in South Korea, where the Kospi finished the session 1.78% higher at 1,967.79 as chipmaker SK Hynix saw its stock soar 5.59%.

The Bank of Korea left its benchmark interest rate unchanged on Friday, a decision that was in line with expectations of analysts surveyed by Reuters. The central bank had cut its base rate for the first time in three years in July.

Australia’s S&P/ASX 200 jumped 1.49% to close at 6,604.20.

Mainland Chinese shares, on the other hand, slipped on the day. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1,579.25.

Hong Kong’s Hang Seng index was fractionally higher, as of its final hour of trading, with the city remaining in a state of turmoil as planned protests for the weekend were cancelled and pro-democracy activist Joshua Wong was arrested.

Overall, the MSCI Asia ex-Japan index gained 0.95%.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: eustance huang
Keywords: news, cnbc, companies, trade, uschina, asia, signals, stocks, amid, beijing, index, shenzhen, shares, higher, composite, close, positive, day, mixed, trading, korea, rate


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Asia stocks mixed amid positive signals from Beijing on US-China trade

Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now. In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1


Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now. In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1
Asia stocks mixed amid positive signals from Beijing on US-China trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: eustance huang
Keywords: news, cnbc, companies, higher, index, asia, uschina, rate, close, signals, trading, positive, korea, day, stocks, shenzhen, trade, shares, amid, composite, beijing, mixed


Asia stocks mixed amid positive signals from Beijing on US-China trade

Stocks in Asia were mixed on Friday as Beijing hinted that it will not retaliate against the latest round of tariffs from Washington for now.

In Japan, the Nikkei 225 rose 1.19% to close at 20,704.37 as shares of index heavyweight and robot maker Fanuc surged 2.73%. The Topix index also added 1.46% to end its trading day at 1,511.86.

Similar gains were seen in South Korea, where the Kospi finished the session 1.78% higher at 1,967.79 as chipmaker SK Hynix saw its stock soar 5.59%.

The Bank of Korea left its benchmark interest rate unchanged on Friday, a decision that was in line with expectations of analysts surveyed by Reuters. The central bank had cut its base rate for the first time in three years in July.

Australia’s S&P/ASX 200 jumped 1.49% to close at 6,604.20.

Mainland Chinese shares, on the other hand, slipped on the day. The Shanghai composite was down 0.16% to about 2,886.24 and the Shenzhen component shedding 0.35% to 9,365.68. The Shenzhen composite fell 0.744% to approximately 1,579.25.

Hong Kong’s Hang Seng index was fractionally higher, as of its final hour of trading, with the city remaining in a state of turmoil as planned protests for the weekend were cancelled and pro-democracy activist Joshua Wong was arrested.

Overall, the MSCI Asia ex-Japan index gained 0.95%.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: eustance huang
Keywords: news, cnbc, companies, higher, index, asia, uschina, rate, close, signals, trading, positive, korea, day, stocks, shenzhen, trade, shares, amid, composite, beijing, mixed


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