Page 22 - Asian Shares

Asian shares advance as yields, inflation fears moderate

Stocks climbed in Asia on Thursday after a key measure of inflation in the US came in lower than expected, easing worries that price pressures could push interest rates higher. Shares rose in Tokyo, Shanghai and Hong Kong but were flat in Sydney. On Wall Street, energy and financial stocks rose while Big Tech shares declined. The S&P 500 added 0.6 per cent and the Dow Jones Industrial Average hit a record high, though tech stocks pulled the Nasdaq slightly lower. The Labour Department reported that US consumer prices, a key measure of inflation at the consumer level, rose 0.4 per cent in February, the biggest gain in six months, led by a jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1 per cent gain, easing fears that the inflation might surge as the economy recovers from the pandemic. The timing could not have been better, Stephen Innes of Axi said in a commentary. As Biden's . . . USD 1.9 trillion fiscal stimulus plan was passed

Asian shares track Wall Street fall as bond yields rebound; Nikkei down 2%

Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest rates. Benchmarks were lower in most major markets and the dollar rose against the Japanese yen. Shares have yoyo'd recently with fluctuations in bond yields. When yields rise quickly, as they have in recent weeks, it forces Wall Street to rethink the value of stocks. Technology stocks are most vulnerable to this reassessment after having soared during the pandemic, making them look pricier than the rest of the market. US government bond yields rose Wednesday after easing a day earlier. The yield on the benchmark 10-year Treasury note was steady at 1.47 per cent early Thursday. The dial ticks back to rising bond yield concerns, between that and the broad risk-on mood derived from the global economic recovery, Jingyi Pan of IG said in a report. She noted that stocks more affected by ups an

Asian shares fall amid China's asset-bubble warning in foreign markets

European markets appeared set for a lower open with Euro Stoxx 50 futures down 0.38% and London's FTSE dropping 0.4%. Those of Germany's DAX fell 0.49%

Asian shares rise as risk assets shine, Australian central bank eyed

Demand for riskier assets did not slug the dollar, usually regarded as a safe-haven currency

Asian equities face outflows in February due to rise in US bond yields

Taiwan and South Korea witnessed the biggest net sales

Asian shares mostly higher amid coronavirus vaccine optimism

Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Japanese markets were closed for a national holiday. South Korea's Kospi slipped 0.4% in morning trading to 3,066.60. Australia's S&P/ASX 200 gained 0.6% to 6,821.70. Hong Kong's Hang Seng jumped 1.2% to 30,681.83, while the Shanghai Composite rose 0.3% to 3,653.62. Thankfully, for society at large, there is more optimism than fear today, with vaccines showing scientific results on the ground that validate efficacy and effectiveness over transmission, leading the world back to normality starting soon, said Stephen Innes, chief global markets strategist at Axi. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. On Wall Street, the S&P 500 fell 0.8% to 3,876.50, extending its losses to a fifth straight day. The benchmark index was just about evenly split ...

Asian shares extend gains on global optimism, vaccine hopes

Asian shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating. US markets were closed Monday for Washington's Birthday, a national holiday. Shanghai was still closed for the Lunar New Year. Japan's benchmark Nikkei 225 jumped 1.3 per cent to finish at 30,467.75, after closing the day before above 30,000 for the first time since August 1990. In Hong Kong, the Hang Seng added 1.9 per cent to 30,746.66. South Korea's Kospi gained 0.5 per cent to 3,161.78, while Australia's S&P/ASX 200 added 0.7 per cent to 6,917.30. Despite data that show regional economies have been hit hard by the pandemic, investors are still sending indexes ever higher. Analysts think Asian shares will continue to rally, cheered by the recent gains on the US and European markets. Hopes for a recovery are being driven partly by the COVID-19 vaccine rollouts, said Prakash Sakpal, senior economist Asia at ING. Gains will still likely be capped

Asian shares hit record highs on hopes of recovery; oil prices rise

Japan's Nikkei climbed 1.9 per cent, reclaiming the 30,000 point level for the first time in over three decades

Asian shares slip for 5th straight session, silver gets retail boost

Indeed, a survey from China on Sunday showed factory activity grew at the slowest pace in five months in January as restrictions took a toll in some regions

Asian shares set to end 2020 at record high, riskier currencies in favour

Asian shares edged up and were set to end a tumultuous 2020 at record highs, while growing investor hopes for a global economic recovery caused the dollar to fall further against most major currencies

Asian shares jump on US stimulus, Japan's Nikkei hits 29-year high

Asian shares jumped, with Japanese stocks hitting a 29-year high, as hopes that a long-awaited U pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetites

Asian stocks hit record-high on hopes of US stimulus package, Covid vaccine

A gauge of Asian shares hit a record peak on hopes of a much-needed US stimulus package before year-end just as coronavirus vaccines roll out, while oil prices hovered near their highest since March

Asian shares rise on hopes for rapid coronavirus vaccine rollout

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.38%, pushing past a previous record high touched on Friday

Asian stocks hit record high as investors set aside Covid-19 fears

Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan

Asian shares near a three-year peak, dollar soft in US deadlock trade

A gauge of Asian shares was set to cling to a near 3-year peak while the dollar stayed sluggish as prospect of a divided US legislature dimmed the chance of major policy changes, lifting risk appetite

Asian share markets follow Wall Street higher on US gridlock bets

Asian share markets firmed while bonds held big gains as investors awaited a clear result from the US election, with the likely prospect of policy gridlock seemingly welcomed by Wall Street overnight

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

Market Ahead, May 29: All you need to know before the opening bell

Today, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results

Market Ahead, May 26: Top factors that could guide markets this week

Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend

Market Ahead, May 19: Top factors that could guide markets today

Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings