Page 20 - Asian Stocks

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 slip on fresh fears over new strain of coronavirus in UK

Asian shares slipped, extending a pullback from multi-year highs hit last week on fears a highly infectious new strain of Covid-19 that shut down UK could lead to a slower global economic recovery

Asian stocks dip after Wall Street hit record high on stimulus hope

Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in US unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index gained for a third day on optimism about progress in Washington toward a new economic aid package while the government reported the highest level of new jobless claims in three months. Market action suggested investors see bad data is good news for progress toward a stimulus, said Mizuho Bank in a report. The Nikkei 225 in Tokyo lost 0.2% to 26,760.30 while the Shanghai Composite Index was down less than 0.1% at 3,403.87. The Hang Seng in Hong Kong lost 0.7% to 26,490.37. The Kospi in Seoul lost less than 0.1% to 2,770.22 and Sydney's S&P-ASX 200 sank 0.7% to 6,710.00. New Zealand, Singapore and Jakarta also retreated. Investors have been waiting since before the American presidential election Nov. 3 for ...

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 stocks touch record high on prospect of large US economic package

Asian shares scaled a record high on the growing prospect of a large US economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment

Vaccine hopes fuelling high Asia equity valuations; future returns doubtful

The MSCI Asia Pacific ex-Japan Index is trading at about 16 times estimated profits for the next 12 months, a level unseen since the years surrounding the global financial crisis

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 stocks mixed after Wall Street rose amid US election voting

Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's US elections. Tokyo and Sydney advanced while Shanghai and Hong Kong declined. Seoul swung between gains and losses. Markets are betting on control of the US Congress being split between Republicans and Democrats, which could mean low taxes and light regulation that investors like stay in place. On Wall Street, the benchmark S&P 500 index closed 1.9 per cent higher. It is moving toward its biggest weekly gain since April. I find it remarkable how relaxed these markets are under the circumstances, said Craig Erlam of Oanda in a report. Hopefully, the faith investors have shown is rewarded, because the last thing we need is an extremely messy conclusion to what has already been a hostile and divisive election. The Shanghai Composite Index lost 0.5 per cent to 3,302.02 while the Nikkei 225 in Tokyo gained 1.1 per cent to 24,367.35. The Hang Seng in Hong Kong shed 0.3 per

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

Asian equities except India see outflows in October on US election jitters

Foreign investors turned net buyers of Indian equities as slowing Covid-19 cases boosted hopes of a faster economic recovery, while other Asian equities faced outflows ahead of the US election

Asian indices fall as coronavirus cases surge; Wall Street declines

Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher

Market Wrap, May 15: Here's all that happened in the markets today

Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer

Market Ahead, May 15: All You Need To Know Before The Opening Bell

Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results

Market Ahead, May 8: All You Need To Know Before The Opening Bell

A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today

Asian stocks rise as China's markets recoup some coronavirus losses

The Shanghai Composite gained 1.2 per cent, while the blue-chip CSI300 rebounded 2.5 per cent, one day after a nearly 8 per cent slide on Monday

Asian stocks weaken as China's factory-gate prices fall sharply

The data pushed blue chip shares in China down 0.41 per cent, which, in turn, drove an index of Asian stocks outside of Japan 0.23 per cent lower

Asia stocks spooked as European Central Bank sounds growth alarm

ECB President Mario Draghi said the economy was in "a period of continued weakness and pervasive uncertainty" as he pushed out a planned rate hike and instead offered banks a new round of cheap loans

Investors in a 'get-me-out-of-here mood' as Asian stock markets tumble

With every single market in the red, Asia's benchmark MSCI Asia Pacific Index has erased November's 2.7 per cent climb and is heading to its lowest level since end-October

That $4.3 trn wipeout in Asian stocks is getting deeper as dollar soars

Just like that, the region's equity benchmark erased weekly gains and posted its sixth slide in seven weeks