Page 13 - Asian Markets

Asian stocks slip as spread of Delta coronavirus variant spooks investors

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.40% in early trading.

Asia shares sit at 2021 lows ahead of Fed verdict, China steadies

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31 per cent in morning trading

Asian shares sit at seven-month lows ahead of US Fed meeting verdict

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading

Asian stock markets advance after Wall Street rises to new record

Asian stock markets were mostly higher Tuesday as investors looked ahead to a Federal Reserve report for an update on when US stimulus might start winding down. Shanghai, Tokyo and Seoul advanced while Hong Kong retreated. On Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the coronavirus's more contagious Delta variant. Investors awaited the Fed report Wednesday for signs of the central bank's level of concern about inflation and when it might start rolling back easy credit and other economic stimulus. Minutes of the Fed meeting in June showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system. We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date, Danielle DiMartino Booth of Quill Intelligence said in a report. The Shanghai Composite Index gained 0.2% to 3,475.66 and the Nikkei

Asia equities tick up, as investors look to the US; Nikkei rises 0.58%

HONG KONG (Reuters) - Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reserve meets on policy this week.

Asian shares hit 1-week lows on renewed virus scare, inflation worry

Japan's Nikkei dropped 1.3% as did Australia's benchmark share index. South Korea's KOSPI was 1% lower

Asian shares extend losses on renewed virus scare, inflation woes

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% for its second straight day of losses

Asian stocks fall after Fed discusses cut in United States stimulus

Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. Sydney gained.

Asian equities see foreign outflows in June as virus woes weigh

Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the Philippines, Vietnam, Indonesia, and India

Indian hedge funds beat Asian, EM peers; provide 6.6% returns in May

Provide 6.6% returns in May; rebound comes after retreat in April as 2nd wave took hold

Asian stocks fall for second day as investors look ahead to US jobs data

Asian stock markets declined for a second day Tuesday as investors looked ahead to US employment data for indications of possible inflation pressures. Market benchmarks in Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures. Traders are watching US jobs data due out Friday for signs of whether the labor market will start to show initial signs of heating, Anderson Alves of ActivTrades said in a report. The Federal Reserve says it believes a rise in prices of oil and other commodities is temporary, but wage increases can be more lasting. Also Tuesday, the World Bank raised its forecast of China's economic growth this year

Asian stock markets lower after Wall Street recovers to new high

Asian stock markets declined Monday after Wall Street hit a new high as investors looked ahead to manufacturing indicators from Japan, China and South Korea. Shanghai, Tokyo and Seoul declined. Trading in Hong Kong was suspended due to a weather alert. On Friday, Wall Street's S&P 500 index turned in its biggest weekly gain in four months. Investors have been encouraged by progress in Washington on an infrastructure spending plan. Markets have recovered from the Federal Reserve's announcement that it might start raising interest rates sooner than expected. The S&P's gain is generally telling of improving sentiment, said Mizuho Bank in a report. The Shanghai Composite Index rose less than 0.1% to 3,609.43 while the Nikkei 225 in Tokyo shed 0.3% to 28,984.93. The Kospi in Seoul shed 0.1% to 3,298.52 while the ASX-S&P 500 in Sydney slipped 0.1% to 7,299.00. New Zealand and Jakarta also declined, while Singapore advanced. Investors are looking ahead to monthly surveys of ...

Asian shares tread water, markets eye US Fed's inflation statements

Asian shares marked time on June 24, with China nudging lower, while the United States dollar held below an 11-week high as investors reassessed US Federal Reserve statements on inflation

Asian markets skid on jitters over future US Federal Reserve action

Asian markets skidded on Monday, with Japan's Nikkei 225 index down 3.4%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve's signal last week that it may raise current ultra-low rates sooner than had been expected. That gave the Dow Jones Industrial Average its worst weekly loss since last October. Part of the Fed's mission is to keep prices under control. The fear is that burgeoning inflation may prompt central banks to dial back the lavish support that has lifted markets to new highs after they plunged at the onset of the coronavirus pandemic last year. Until its latest policy meeting, last week, the Fed had indicated it viewed recent price hikes as transient and would let the recovering economy run hot. Now it's forecasting raising interest rates twice in 2023. The shift to an earlier timeline for a rate hike, accompanied with an upward revision in core inflation

Asian shares mixed in quiet trading ahead of US Federal Reserve decision

Asian shares were mixed in quiet trading Wednesday ahead of a US Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6 per cent in May from the previous year, but analysts said that was less than expected and highlights how the world's third largest economy and its exports may be only slowly recovering from the pandemic. Investors are also watching data out of China on industrial production and retail sales for indications about the health of the regional economy. Japan's Nikkei 225 slipped nearly 0.3 per cent in early trading to 29,359.31. South Korea's Kospi rose 0.4 per cent to 3,272.11. Australia's S&P/ASX 200 gained 0.3 per cent to 7,403.40. Hong Kong's Hang Seng inched down 0.1 per cent to 28,603.84, while the Shanghai Composite was little changed, inching up less than 0.1 per cent to 3,557.48. Asian markets are quiet ahead of the Fed, said Robert Carnell, regional ...

Asian shares advance as investors await United States inflation data

Benchmarks rose across the region, but stayed in a relatively narrow range.

Asian companies witness biggest earnings upgrade in six months

Analysts lifted their forecasts for Asian companies' forward 12-month earnings by 3.9% in May

Asia markets breathes sigh of relief as US job data fails to shock

Attention will now turn to the U.S. consumer price report on Thursday where the risk is of another high number, though the Fed still argues the spike is transitory

Jack Ma's Ant builds policy, govt relations team for push in Asian markets

Staff of just under 10 staff to prioritise markets in Southeast Asia, Hong Kong, and Macau; Europe will be target as well.

Asia shares off three-month highs, caution ahead of US economic data

Asian shares were a touch below a recent three-month top with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs