All Blog Posts Tagged 'Asian' (30)

as finance ministers and central bank governors from the world’s leading economies agreed to coordinate their response to Europe’s financial crisis and U.S. and Australian economic data topped estimates.

Westfield Group (WDC), the world’s biggest shopping center operator by assets, advanced 2.8 percent in Sydney as Australia’s economy expanded last quarter at more than twice the pace…

-1.5%; Shanghai -0.6%; Hang Seng -2.7%; Sensex -1.7%

The major Asian markets were lower. China closed down (at a 33 month low) but had better than expected inflation figures, as the closely watched CPI figure mostly came in below expectations at +4.2%. Industrial production was weaker than expected. The Bank of Korea revised its 2011 growth outlook downward to 3.8% vs 4.3% prior and 2012 to +3.7 vs +4.6%. Japan…

-1.0%, Hang Seng +0.5%, Shanghai -0.7%

The major Asian indices ended mostly lower as worries of a global economic slowdown outweighed news that the Qaddafi regime in Libya is near an end. Japan's Nikkei sunk to a five-month low while Hong Kong's Hang Seng reversed losses in the final hour of trade to finish with a modest gain. Japanese Finance Minister Noda once again let it be known he would take "bold" measures to…

The major Asian indices closed mixed following the People's Bank of China announcing a 25 bp hike to its benchmark interest rate following yesterday's close. The 25 bp hike rose the 1-yr lending rate to 6.56% and the 1-yr deposit rate to 3.5%. Shares in Shanghai finished lower after the rate hike, but stocks in Hong Kong were able to shrug off the news and post a small gain. India's Sensex surged 1.9% as food and fuel prices eased from week ago levels. Bank…

 Nikkei +1.1%, Hang Seng -1.0%, Shanghai -0.2%

The major Asian indices closed mixed with the Nikkei gaining for a seventh consecutive session, extending to its longest winning streak in more than two years. Shares in Hong Kong and Shanghai closed lower with the People's Bank of China announcing a 25 bp rate hike after markets were closed. The 25 bp hike rose the 1-yr lending rate to 6.56% and the 1-yr deposit rate…

 -1.0%, Hang Seng -0.6%, Shanghai +0.4%, Sensex +0.9%

The major Asian averages closed mostly lower as Greek contagion fears continue to weigh on markets. India's Sensex (+0.9%) and China's Shanghai Composite (+0.4%) were the only indices to finish in positive territory as Australia's S&P/ASX and South Korea's Kospi led the way lower, each losing 1.0%. Data in the region was quiet with Taiwan's leading economic…

 The major Asian indices closed mostly lower as automakers weighed on the Nikkei and financials halted the Hang Seng's seven-day losing streak. Japanese core machinery orders missed expectations with a decline of 3.3% MoM (2.0% MoM expected) while China's new loans data ($522 bln actual v. 655 bln expected) and M2 money supply (15.1% YoY actual v. 15.5% YoY expected) also fell shot of estimates. Looking at the currencies...the Chinese renminbi weakened to 6.4837…

 The Asian equity markets closed mostly weaker today. Asia's weakness can be attributed to response to the disappointing US data points and weaker US markets from the prior day. The Nikkei was weaker ahead of the No-Confidence vote against its Prime Minister. PM Kan did survive this vote, while pledging to resign once Japan's nuclear crisis is over. Exactly what that means is unclear, but the yen strengthened in response to the outcome. Looking at…

The major Asian indices closed mostly higher after Chinese PMI showed a manufacturing sector that continues to expand, albeit at a slower pace. The Reserve Bank of Australia left is benchmark interest rate unchanged at 4.75% as the country continues its recovery from the floods that have devastated Queensland . Shares in Shanghai gained for the fifth consecutive session while Indian stocks lost for the fourth time in five sessions. Looking at the…

Stocks in Asia closed mixed following China 's decision to hike its reserve requirement ratio another 50 bps to 19%. The move comes amid inflation worries with many market participants expecting an interest rate hike this weekend. Chinese shares were boosted by both record high imports and exports while stocks in Hong Kong closed unchanged. Indian stocks saw strong gains following a big pickup in industrial production as the IIP number surged 10.8% YoY…