Connect to share and comment

Financial regulator to ease requirements on IPOs

SEOUL, April 15 (Yonhap) -- South Korea's financial regulator unveiled Tuesday a plan to improve the corporate financing environment by promoting initial public offerings (IPOs) and invigorating the moribund local capital market. The Financial Services Commission (FSC) said it will remove hurdles to stock listings and ease rules on filing and disclosing corporate financial information to the extent that it does not hurt the interests of investors.

Financial regulator to ease requirements on IPOs

SEOUL, April 15 (Yonhap) -- South Korea's financial regulator unveiled Tuesday a plan to improve the corporate financing environment by promoting initial public offerings (IPOs) and invigorating the moribund local capital market. The Financial Services Commission (FSC) said it will remove hurdles to stock listings and ease rules on filing and disclosing corporate financial information to the extent that it does not hurt the interests of investors.

Hong Kong shares end 0.15% higher

Hong Kong shares ended 0.15 percent higher on bargain hunting Monday as investors brushed off another negative lead from Wall Street ahead of the release of Chinese economic growth data later in the week. The benchmark Hang Seng Index rose 35.16 points to 23,038.80 on turnover of HK$61.09 billion (US$7.88 billion). US shares continued their downward spiral Friday led by the technology sector, owing to fears big-name firms such as Facebook, Twitter and Netflix may be overpriced.

Tokyo stocks fall 2.38% to six-month low

Tokyo stocks fell 2.38 percent Friday to their lowest close in six months, leading a fall on Asian markets following a sell-off on Wall Street and disappointment over the Bank of Japan's hawkish view on additional easy money. The benchmark Nikkei-225 index sank 340.07 points to finish at 13,960.05, its lowest close since early October, while the Topix index of all first-section shares lost 1.34 percent, or 15.40 points, to 1,134.09.

Regulator to unveil plan to promote IPO

SEOUL, April 11 (Yonhap) -- South Korea's financial regulator will remove hurdles for initial public offerings (IPOs) on the country's stock market in a bid to invigorate a sector that has been on a downward spiral, sources said Friday.

U.S. import prices rise on surge in food costs

WASHINGTON (Reuters) - U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years, but there was little sign of a broader pickup in imported inflation. The Labor Department said on Thursday import prices increased 0.6 percent last month after an unrevised 0.9 percent rise in February. Economists polled by Reuters had forecast import prices rising 0.2 percent in March.

Tokyo shares end flat on stronger yen

Tokyo shares ended flat Thursday, losing early gains driven by Wall Street's rally as exporters took a hit from the yen's rise, while weak China data also weighed. The benchmark Nikkei 225 index inched up 0.43 points to finish at 14,300.12, after rising 1.11 percent in morning exchanges. The Topix index of all first-section shares edged 0.08 percent, or 0.95 points, lower to 1,149.49.

Shanghai, H.K. bourses to connect, Premier Li says

Chinese Premier Li Keqiang said Thursday stock markets in Shanghai and Hong Kong will test-run a connectivity scheme to boost the opening up of the mainland's capital market. The scheme, called Shanghai-Hong Kong Stock Connect, will start running in about six months, at which time investors in the two cities can invest in each other's stock market with a total cap of 550 billion yuan ($89.5 billion), Hong Kong's Cable TV said.

Hong Kong, Shanghai to begin cross-market trading

China Thursday unveiled a plan allowing cross-trading between Hong Kong and Shanghai's stock markets, in the mainland's latest move to open up its capital markets and promote the yuan as an international currency. The China Securities Regulatory Commission said in a joint statement with the Securities and Futures Commission of Hong Kong the trial would begin in six months and enable dealers to invest in designated shares.

Asian shares up after Wall St rallies on Fed minutes

Asian markets rose on Thursday, taking their lead from a Wall Street rally after minutes from the US Federal Reserve's latest policy meeting showed no support for an early rise in interest rates. While early gains were pared after China said imports and exports fell sharply in March, Hong Kong and Shanghai were lifted by hopes of new government stimulus and news of a plan to increase access between the two cities' stock exchanges. Tokyo ended flat, edging up 0.43 points to 14,300.12, and Seoul added 0.48 percent, or 9.66 points, to 2,008.61.
Syndicate content