Saturday, March 18, 2023

Markets

Hong Kong stocks end higher ahead of China markets reopen

Hang-Seng-Hong-Kong

* Hang Seng index rises 1.10% to highest close since June 2018 * China Enterprises index HSCE rises 1.60% Feb 17 (Reuters) – Hong Kong stocks ended higher on Wednesday, marking the seventh straight session of gains and extending a bull run ahead of the reopening of mainland markets after the Lunar New Year break, with sentiment lifted by optimism …

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Thai Stocks Biggest Losers in Asia

Thailand’s stocks are falling at the fastest pace in Asia as an amnesty bill for political protesters spurs demonstrations in the streets of Bangkok and threatens to delay the nation’s biggest-ever infrastructure spending plan. The SET Index, which rose 328 percent from October 2008 to this year’s high on May 21, has since dropped 13 percent through yesterday as shares …

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Fund Managers Beat China’s Weak Markets

Even with China’s stock markets among the poorest performing in the world this year, fund managers betting on the rise of the Chinese consumer are posting strong gains by finding companies that are weathering the broad economic slowdown. The Shanghai benchmark index is down 9.8% in 2013, slammed by shares of state-owned banks and large steel and coal companies sensitive …

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Emerging market bonds in East Asia on a roll

Back in March this year the Asian Development Bank (ADB) produced a report showing how fast the local currency (LCY) bond markets were developing across Asia. By the end of 2012 East Asia’s LCY bond market had reached $6.5 trillion, with the corporate sector bond market growing from 4.2% by value, quarter over quarter, in the third quarter of 2012, …

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Japan Stocks Slip, But Australia, China Rise

Japanese blue-chip stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, though Chinese and Australian shares inched higher. The moves came as Hong Kong and South Korean markets were closed for holidays, reportedly curbing trading volumes in bourses that were open. Japan’s Nikkei Stock Average moved off opening lows but still traded with …

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Asia stocks up as Wall Street climbs on tech

BANGKOK (AP) — Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve’s March meeting, which showed a majority of policymakers in favor of continuing …

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Asian Stocks Rise Third Day

Asian stocks rose, with the benchmark regional equities gauge heading for its longest winning streak in seven weeks, as investors speculated stimulus measures will boost economic growth and increase profits. BHP Billiton Ltd. (BHP), the world’s largest miner, climbed 1.7 percent to advance for a fourth day in Sydney, its longest winning streak in more than two months. Mitsubishi UFJ …

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Asian Stocks to Jump Up to 20% on Earnings Growth

Asian equities have lagged the global stock market rally since the start of the year, but according to HSBC, Asian stocks could still deliver a 20 percent upside by the end of 2013. Devendra Joshi, equity strategist for Asia Pacific at HSBC said that based on the current consensus estimates of 13 percent earnings growth for Asian stocks this year, …

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Nikkei hits new 4-1/2 year high on exporters and real estates

Nikkei's weekly gain biggest since Dec 2011 * U.S. data, optimism on BOJ encourage investors * Yen/dollar falls to 3-1/2-year low * Fast Retailing up 24 percent for the week By Ayai Tomisawa TOKYO, March 8 (Reuters) - Japan's Nikkei share average ended at a new 53-month high on Friday, as exporters and real estate shares rose helped by bullish …

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Japan Stocks Add To Gains; Sydney, Seoul Rebound

(MarketWatch) — Japanese stocks extended gains Tuesday on hopes for further monetary easing under a new central bank chief, while Australian shares rebounded strongly from the previous day’s losses in the wake of positive cues from Wall Street. The Nikkei Stock Average rose 0.8% in Tokyo, while Australia’s S&P/ASX 200 index rose 1.5% and South Korea’s Kospi gained 0.7%. Japanese …

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