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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.

China to permit cross-border stock trading between Shanghai, Hong Kong exchanges

HONG KONG - China unveiled a plan Thursday to give foreign investors greater access to its stock market by allowing investors in Shanghai and Hong Kong to trade shares on each other's exchanges. Securities regulators in China and the semiautonomous Chinese territory of Hong Kong said that the stock exchanges in both cities would be connected in a pilot program.

Hong Kong. Shanghai to begin cross-market trading

China has unveiled a plan Thursday allowing cross-market trading between Hong Kong and Shanghai in the latest move by mainland leaders to open up the country's capital markets and promote the yuan as an international unit. The China Securities Regulatory Commission said in a joint statement with the Securities & Futures Commission of Hong Kong the trial will begin within six months and include enable dealers to invest in designated shares.

Hong Kong. Shanghai to begin cross-market trading

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

Hong Kong shares close up 1.51%

Hong Kong and Shanghai shares rallied on Thursday as dealers welcomed plans to link the two cities' bourses and allow cross-market investments. The news overshadowed another disappointing set of trade data out of China that added to concerns about the world's second biggest economy. In Hong Kong the benchmark Hang Seng Index rose 1.51 percent, or 343.79 points, to 23,186.96 on turnover of HK$106.91 billion (US$13.79 billion).

Russia's central bank right to shore up ruble short term: World Bank

WASHINGTON (Reuters) - Russia's central bank made the right decision to defend the ruble in the short term and prevent excessive volatility in the exchange rate when the Ukraine crisis escalated, a senior official at the World Bank said on Wednesday. The Russian Central Bank was forced in early March to halt its shift towards inflation targeting and instead tame the ruble's fall after Russia seized and annexed Ukraine's Crimea. Since then, the bank has spent nearly $30 billion in currency interventions.

Korea's import prices dip for 19th month in March

SEOUL, April 10 (Yonhap) -- South Korea's import prices fell for the 19th straight month in March as oil prices declined and the local currency gained against the dollar, the central bank said Thursday. In local currency terms, the country's import prices declined 4.5 percent in March from a year earlier, compared with a 4.8 percent on-year fall in February, according to the Bank of Korea (BOK). It marked the 19th straight month of on-year declines in import prices since September 2012 when they dipped 2.2 percent on-year.
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