Chinese stocks rose in Asia; Hong Kong awaits trade data for November

Major Asia Pacific stocks ended mixed on Monday — the last full trading day of the year for several major markets in the region. Mainland Chinese markets rose at the close of the trading day on Monday. The Shanghai composite gained 1.16% to end at 3,040.02, while the Shenzhen composite was higher by 0.92% and closed at 1,713.51. Hong Kong’s Hang Seng index was also higher, rising more than 0.3% in its final hour of trade. Meanwhile, Chinese private university operator Shanghai Gench Education Gr


Major Asia Pacific stocks ended mixed on Monday — the last full trading day of the year for several major markets in the region.
Mainland Chinese markets rose at the close of the trading day on Monday.
The Shanghai composite gained 1.16% to end at 3,040.02, while the Shenzhen composite was higher by 0.92% and closed at 1,713.51.
Hong Kong’s Hang Seng index was also higher, rising more than 0.3% in its final hour of trade.
Meanwhile, Chinese private university operator Shanghai Gench Education Gr
Chinese stocks rose in Asia; Hong Kong awaits trade data for November Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, hong, markets, rose, shanghai, lost, asia, close, trading, weekend, kong, stocks, trade, major, data, awaits, chinese, shenzhen


Chinese stocks rose in Asia; Hong Kong awaits trade data for November

Major Asia Pacific stocks ended mixed on Monday — the last full trading day of the year for several major markets in the region.

Mainland Chinese markets rose at the close of the trading day on Monday. The Shanghai composite gained 1.16% to end at 3,040.02, while the Shenzhen composite was higher by 0.92% and closed at 1,713.51. The Shenzhen component rose 1.29% to 10,365.96.

China’s central bank over the weekend said that it will use the loan prime rate as a new benchmark for pricing current floating-rate loans, a move that analysts said would cut borrowing costs and give the economy a boost.

Hong Kong’s Hang Seng index was also higher, rising more than 0.3% in its final hour of trade. The city’s trade data for November is set to be released on Monday afternoon, amid ongoing pro-democracy protests that have taken a toll on its economy.

Meanwhile, Chinese private university operator Shanghai Gench Education Group is planning to list in Hong Kong, according to an application filed to the Hong Kong exchange over the weekend. It didn’t state the timing of the IPO.

Elsewhere, Japan’s Nikkei lost 0.76% to close at 23,656.62, while the Topix fell 0.68% to 1,721.36. Autos lost ground across the board, with Honda down 1.15%, Mitsubishi falling 1.29%, and Suzuki declining 1.04%. Other sectors, such as manufacturing and retail, also saw declines.

Australia’s benchmark ASX 200 declined 0.25% to close at 6,804.90. Major miners fell, with Fortescue Metals down more than 1% and Rio Tinto declining 0.89%.

South Korea’s Kospi pared earlier gains to trade lower by 0.3%. Heavyweights declined, with Samsung Electronics losing 1.24%, and SK Hynix dropping 1.98%.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was nearly flat in the afternoon.


Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, hong, markets, rose, shanghai, lost, asia, close, trading, weekend, kong, stocks, trade, major, data, awaits, chinese, shenzhen


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Hong Kong markets tumble to close 2.6% lower as tensions soar

Asia Pacific markets saw losses throughout the region by Monday afternoon, as shares in Hong Kong tumbled amid worsening tensions in the city. In Hong Kong, the Hang Seng index was deep in negative territory, declining 2.62% by the close as political turmoil in the city worsened. Sectors across the board in the Hang Seng index tumbled, including property developers, tech, financial, as well as gaming stocks. On the earnings front, Singapore’s DBS Bank reported a stronger-than-expected rise in it


Asia Pacific markets saw losses throughout the region by Monday afternoon, as shares in Hong Kong tumbled amid worsening tensions in the city.
In Hong Kong, the Hang Seng index was deep in negative territory, declining 2.62% by the close as political turmoil in the city worsened.
Sectors across the board in the Hang Seng index tumbled, including property developers, tech, financial, as well as gaming stocks.
On the earnings front, Singapore’s DBS Bank reported a stronger-than-expected rise in it
Hong Kong markets tumble to close 2.6% lower as tensions soar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, markets, shares, tumbled, index, seng, lower, shenzhen, singapore, region, hong, tensions, close, thirdquarter, soar, kong, billion, tumble


Hong Kong markets tumble to close 2.6% lower as tensions soar

Asia Pacific markets saw losses throughout the region by Monday afternoon, as shares in Hong Kong tumbled amid worsening tensions in the city.

Chinese mainland markets chalked up losses by the close: The Shanghai composite was down 1.83% to 2,909.07 and the Shenzhen composite declined 2.26% to 1,611.44. The Shenzhen component index lost 2.17% to 9,680.57.

In Hong Kong, the Hang Seng index was deep in negative territory, declining 2.62% by the close as political turmoil in the city worsened. At least two protesters were said to be injured when local police opened fire on Monday at mass demonstrations. Over the weekend, three pro-democracy lawmakers were arrested.

Sectors across the board in the Hang Seng index tumbled, including property developers, tech, financial, as well as gaming stocks.

Japan’s Nikkei 225 reversed early gains to trade down 0.26% to close at 23,331.84 while the Topix index edged down to 1,704.03.

South Korea’s Kospi fell 0.61% to close at 2,124.09 as major chipmaker SK Hynix slid 1.22%.

In Australia, the benchmark ASX 200 defied the general downward trend in the region and rose 0.72% to 6,772.50.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.17%.

On the earnings front, Singapore’s DBS Bank reported a stronger-than-expected rise in its third-quarter net profit, which jumped 15% year-on-year to 1.63 billion Singapore dollars ($1.19 billion). Its third-quarter net interest income was up 8% to $2.46 billion Singapore dollars.

DBS shares in Singapore were down 0.34%.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, markets, shares, tumbled, index, seng, lower, shenzhen, singapore, region, hong, tensions, close, thirdquarter, soar, kong, billion, tumble


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Asia stocks rise as Japan-South Korea tensions escalate; yuan dips to fresh low

Pedestrians look at share prices of the Tokyo Stock Exchange on an electronic stock indicator in Tokyo on October 31, 2018. In Japan, the Nikkei 225 rose 0.4% to close at 20,710.91 while the Topix index added 0.23% to 1,502.25. Defense names in Japan and South Korea mostly rose steadily through the day to end higher by the close. In Japan, shares of Kawasaki Heavy Industries rose 0.69%, Fujitsu was up 1.25% and Mitsubishi Electric added 1.62%. Overall, MSCI’s broadest index of Asia-Pacific share


Pedestrians look at share prices of the Tokyo Stock Exchange on an electronic stock indicator in Tokyo on October 31, 2018. In Japan, the Nikkei 225 rose 0.4% to close at 20,710.91 while the Topix index added 0.23% to 1,502.25. Defense names in Japan and South Korea mostly rose steadily through the day to end higher by the close. In Japan, shares of Kawasaki Heavy Industries rose 0.69%, Fujitsu was up 1.25% and Mitsubishi Electric added 1.62%. Overall, MSCI’s broadest index of Asia-Pacific share
Asia stocks rise as Japan-South Korea tensions escalate; yuan dips to fresh low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, went, rise, shares, stocks, trade, tokyo, escalate, japansouth, japan, yuan, index, tensions, gained, dips, fresh, close, korea, rose, south, low


Asia stocks rise as Japan-South Korea tensions escalate; yuan dips to fresh low

Pedestrians look at share prices of the Tokyo Stock Exchange on an electronic stock indicator in Tokyo on October 31, 2018.

Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day.

In Japan, the Nikkei 225 rose 0.4% to close at 20,710.91 while the Topix index added 0.23% to 1,502.25. South Korea’s Kospi closed 0.14% down to 1,948.30.

Tensions between the two countries escalated on Thursday after Seoul said it was cancelling an intelligence-sharing pact with Tokyo amid a bitter trade dispute. The arrangement was designed to share information on the threat posed by North Korea and its missile and nuclear activities.

Japan’s Defense Minister Takeshi Iwaya said Friday South Korea’s decision showed it failed to appreciate the growing security threat posed by Pyongyang’s missile activities.

Defense names in Japan and South Korea mostly rose steadily through the day to end higher by the close. In Japan, shares of Kawasaki Heavy Industries rose 0.69%, Fujitsu was up 1.25% and Mitsubishi Electric added 1.62%. South Korean defense stocks pared early gains but were mostly positive: Speco was up 0.17%, Victek jumped 8.49% in early trade, and Hanwha Aerospace gained about 2%.

The South Korean won weakened further to 1,209.64 against the greenback, from around the 1,202 level reached midweek.

Elsewhere, mainland Chinese shares traded mostly higher: the Shanghai composite gained 0.49% to close at 2,897.43, while the Shenzhen composite was flat, closing at 1,578.70. The Shenzhen component gained 0.13% to 9,362.55.

Hong Kong’s Hang Seng index climbed 0.67% at 3.27 p.m. HK/SIN, while Australia’s ASX 200 went up 0.33% to close at 6,523.10.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan went up 0.37%.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, went, rise, shares, stocks, trade, tokyo, escalate, japansouth, japan, yuan, index, tensions, gained, dips, fresh, close, korea, rose, south, low


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Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone


Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone
Major Asia Pacific markets higher; trade war concerns dampen investor sentiment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, pacific, concerns, sentiment, trade, major, higher, war, losses, week, markets, tumbled, close, shares, hong, investor, dampen


Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment.

Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. The Shanghai composite traded up 1.45% to close at 2,814.99 while the Shenzhen composite added 1.92% to 1,508.21. Hong Kong’s Hang Seng index was fractionally higher at 25,962.42 as of 3:15 p.m. HK/SIN.

But, shares of Hong Kong flag carrier Cathay Pacific tumbled more than 4% as of 3:15 p.m. HK/SIN after it suspended a pilot for his involvement in the ongoing anti-government protests in the city. The carrier said “overly radical” staff would be barred from crewing flights to the mainland. Cathay’s decision came a day after China’s aviation authority issued a “major aviation safety risk warning” to the airline.

Unrest in Hong Kong continued into its 10th week, with police and protesters clashing on Sunday.

Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays.

Australia’s benchmark S&P/ASX 200 retraced some of its early losses to climb marginally higher to 6,590.30. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%.

In South Korea, the Kospi clawed back losses to rise 0.23% to close at 1,942,29.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.

“Trade tensions continued to drive financial market moves going into the end of the week, with markets very sensitive to reports on the US-China relationship,” Jack Chambers from ANZ Research wrote in a Monday morning note. “A risk-off tone hit the markets as President Trump warned that talks scheduled for next month may not take place.”


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, pacific, concerns, sentiment, trade, major, higher, war, losses, week, markets, tumbled, close, shares, hong, investor, dampen


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Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone


Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment. Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%. “A risk-off tone
Major Asia Pacific markets higher; trade war concerns dampen investor sentiment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, dampen, close, investor, markets, pacific, higher, tumbled, week, shares, concerns, trade, war, losses, sentiment, hong, major


Major Asia Pacific markets higher; trade war concerns dampen investor sentiment

Major markets in Asia Pacific closed higher on Monday, following a volatile week for global markets as growing trade war fears dented investor sentiment.

Mainland Chinese markets bounced back from the previous week’s losses to close higher Monday. The Shanghai composite traded up 1.45% to close at 2,814.99 while the Shenzhen composite added 1.92% to 1,508.21. Hong Kong’s Hang Seng index was fractionally higher at 25,962.42 as of 3:15 p.m. HK/SIN.

But, shares of Hong Kong flag carrier Cathay Pacific tumbled more than 4% as of 3:15 p.m. HK/SIN after it suspended a pilot for his involvement in the ongoing anti-government protests in the city. The carrier said “overly radical” staff would be barred from crewing flights to the mainland. Cathay’s decision came a day after China’s aviation authority issued a “major aviation safety risk warning” to the airline.

Unrest in Hong Kong continued into its 10th week, with police and protesters clashing on Sunday.

Markets in rest of the region rose, with major indexes in Japan, India and Singapore closed for public holidays.

Australia’s benchmark S&P/ASX 200 retraced some of its early losses to climb marginally higher to 6,590.30. Major miners struggled for gains: Rio Tinto shares tumbled 2.75%, BHP shares were down 0.75% and Fortescue dropped 3.99%.

In South Korea, the Kospi clawed back losses to rise 0.23% to close at 1,942,29.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.

“Trade tensions continued to drive financial market moves going into the end of the week, with markets very sensitive to reports on the US-China relationship,” Jack Chambers from ANZ Research wrote in a Monday morning note. “A risk-off tone hit the markets as President Trump warned that talks scheduled for next month may not take place.”


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, dampen, close, investor, markets, pacific, higher, tumbled, week, shares, concerns, trade, war, losses, sentiment, hong, major


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Asia markets mixed as investors worry over US-China trade tensions

Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon. Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%. Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade. In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was


Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon. Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%. Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade. In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was
Asia markets mixed as investors worry over US-China trade tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, tradein, index, weighed, fell, composite, worry, investors, trade, worries, mixed, markets, uschina, united, asia, japan, tensions


Asia markets mixed as investors worry over US-China trade tensions

Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon.

Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%.

Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade.

In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was fractionally higher at 1,541.21. South Korea’s Kospi fell 0.69% to 2,045.31.

Australia’s ASX 200 declined 0.55% to 6,456, with the financial subindex down 0.45%.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, tradein, index, weighed, fell, composite, worry, investors, trade, worries, mixed, markets, uschina, united, asia, japan, tensions


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