Page 8 - Asia Markets

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe

India's 'casino' type midcap rally amid Covid may be poised for a break

The S&P BSE Midcap Index has outperformed the benchmark S&P BSE Sensex Index in all but five months since the end of 2019

Asia shares mostly higher after US gains for fifth day on Wall Street

Asian shares mostly rose on Tuesday, cheered by a rally to all-time highs on Wall Street. Japan's benchmark Nikkei 225 rose 0.6 per cent to 29,953.97. South Korea's Kospi added 0.3 per cent to 3,054.77. Australia's S&P/ASX 200 jumped 1.1 per cent to 6,846.20. Hong Kong's Hang Seng gained 0.5 per cent to 28,971.04, while the Shanghai Composite inched down nearly 0.1 per cent to 3,417.02. The slower rollouts of the coronavirus vaccine in Asia, compared to the US and Europe, continues to put investors in the region in a cautionary mode, although South Korea, Taiwan, Japan and other nations have had fewer deaths. Weighing on sentiment is news that the vaccine from AstraZeneca had had reports blood clots after usage, whether or not a side-effect, (that) have resulted in a precautionary' suspension in Europe," said Venkateswaran Lavanya of Mizuho Bank in Singapore. This has setback Europe's vaccination progress even more starkly compared to the US, Lavanya said in a report. The news is

Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%

The Nifty Bank Index added 1.28% and is up more than 17% since February. HDFC Bank Ltd was the top boost to the Nifty 50, rising 1.7%

Wall Street slumps on US Fed remarks on inflation, jobs; bond scare

Benchmarke US Treasury yields rose toward last week's highs as Powell spoke, and the dollar hit a three-month high

Bitcoin rises 5% to $50,942.58 adding $2,426.23 to its previous close

Bitcoin has fallen 12.7% from the year's high of $58,354.14 on Feb. 21

Tech demand drives Asia's factory revival, China's slowdown puts dampener

China's was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia's engine of growth will likely be a cause for concern

Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today

A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood

Asia stocks skid as global inflation fears, tech woes hit Wall Street

U.S. Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

Short selling by market players led to rise in bond yields: SBI report

An SBI Ecowrap report noted that while going short or long are typical market activities that aid in price discovery, at times, they can also result in price distortions, as it might be happening now

Global trends to guide markets; indices may remain range-bound: Analysts

Markets had registered sharp gains post the Union Budget, but last week profit-taking was witnessed

Asian markets eye muted start on economic hopes, Covid pandemic fears

Australia's benchmark S&P/ASX 200 index was down 0.1% in early trading, while Japan's Nikkei 225 futures were up 0.05%

World stocks look to extend bull run to 12th day on economic optimism

Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas

Japan's Nikkei back above 30,000 mark after more than three decades

The break of 30,000 could open the way for test of all-time high of 38,957, touched at the end of 1989

Global trends to guide domestic markets, see consolidation: Analysts

The movement in the rupee and FII investment would also influence the investor sentiment, they suggested

Global stocks lag, dollar advances in volatile market on Covid-19 concerns

Equity markets have scaled record highs in recent days on bets vaccines will start to reduce infection rates worldwide and on a stronger US economic recovery under President Joe Biden

Trump testing Covid-19 positive a temporary setback for markets: Analysts

US stock futures and Asian shares lost ground Friday after President Donald Trump said he and first lady Melania Trump had tested positive for Covid-19

Asia stocks touch 29-month top, China blue chips at five-year high

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% to reach its highest since March 2018, bringing gains for the month so far to 5.1%

Asian stocks near two-year high as virus treatment hopes lift mood

Asia's stock markets opened higher on Tuesday following a Wall Street rally driven by vaccine hopes, while the dollar found some support ahead of a key central bank speech

IndusInd, HDFC Bank surge up to 21% post Q4 biz update amid Covid-19 woes

Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium