Connect to share and comment

Asian shares rise, China growth beats forecasts

Asian markets mostly rose Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year. Japan's Nikkei led regional gains thanks to a weaker yen after the head of the country's central bank said it was on target to meet its inflation target next year. Tokyo surged 3.01 percent, or 420.87 points, to finish at 14,417.68 and Sydney added 0.6 percent, or 32.1 points, to 5,420.3. Seoul was flat, edging down 0.06 points to 1,992.21.

Asian shares mostly up, China growth beats forecasts

Asian markets mostly rose on Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year. Japan's Nikkei led regional gains thanks to a weaker yen after the head of the country's central bank said it was on target to meet its inflation target next year. Tokyo jumped 2.26 percent by the break, Hong Kong added 0.51 percent and Sydney gained 0.36 percent and Seoul was 0.10 percent higher but Shanghai was down 0.23 percent.

European stocks drop at open

European stock markets fell in initial deals on Thursday, mirroring drops on Wall Street and in Asia on the prospect of a hike in US interest rates sooner than expected. London's benchmark FTSE 100 index fell 0.40 percent to 6,546.73 points. The CAC 40 in Paris shed 0.76 percent to 4,275.26 points and Frankfurt's DAX 30 lost 0.66 percent to 9,215.70 compared with Wednesday's closing values. Wrapping up a two-day policy meeting on Wednesday, the US Federal Reserve said it would cut a further $10 billion from its monthly stimulus programme, as widely predicted.

Tokyo stocks down 0.52% by break

Tokyo stocks fell 0.52 percent Thursday morning, following losses on Wall Street after the head of the US central bank indicated interest rates could be hiked earlier than expected. The benchmark Nikkei-225 index slipped 75.80 points to 14,386.72 by the break, while the Topix index of all first-section issues eased 0.55 percent, or 6.43 points, to 1,157.90. Wrapping up a two-day policy meeting on Wednesday, the US Federal Reserve said it would cut a further $10 billion from its monthly stimulus programme, as widely expected.

Hong Kong stocks close flat

Hong Kong shares ended flat Wednesday as attention turned to the US Federal Reserve's policy meeting later in the day, while traders also kept an eye on the Crimean crisis. The benchmark Hang Seng Index edged down 14.81 points to 21,568.69 on turnover of HK$64.17 billion (US$8.28 billion). Tensions in Eastern Europe rose on Tuesday when President Vladimir Putin signed a treaty absorbing Crimea into Russia following a weekend referendum Western leaders slammed as illegal.

Hong Kong stocks end 0.19% lower

Hong Kong shares slipped 0.19 percent on Friday, giving up earlier gains, ahead of a key US jobs report later in the day while traders remain nervous about the Ukraine crisis. The benchmark Hang Seng Index fell 42.48 points to 22,660.49 on turnover of HK$69.50 billion (US$8.97 billion). While the crisis in Ukraine is still to be resolved, investors are focused on economic fundamentals, with the US Labor Department due to release its closely watched non-farm payrolls report Friday.

Hong Kong stocks edge up

Hong Kong shares edged up for a third straight session on Friday following a cautiously optimistic view of the US economy from the head of the Federal Reserve. The benchmark Hang Seng Index added 0.04 percent, or 8.78 points, to end at 22,836.96 on turnover of HK$76.97 billion (US$9.93 billion). Janet Yellen told the Senate Banking Committee that Fed policymakers thought a cold snap across much of the country was to blame for a disappointing run of economic data over the past two months, including on jobs, industrial output and consumption.

Tokyo stocks end 2.45% lower after Fed stimulus cut

Tokyo stocks tumbled 2.45 percent Thursday as the market was dragged down by worries over emerging markets, after the Federal Reserve further scaled back its stimulus programme. The benchmark Nikkei-225 index slumped 376.85 points to 15,007.06 -- wiping out its 2.70 percent gain Wednesday. The Topix index of all first-section shares fell 2.55 percent, or 32.09 points, to 1,224.09. si/pb/erf

Tokyo stocks dive 3.33% by break on Fed stimulus move

Tokyo stocks tumbled more than three percent Thursday, leading an Asian rout, sparked by worries over emerging markets as the Federal Reserve further scaled back its stimulus programme. The benchmark Nikkei-225 index slumped 3.33 percent, or 511.53 points, to 14,872.38 by the break -- wiping out its 2.70 percent gain Wednesday. The Topix index of all first-section shares fell 3.04 percent, or 38.15 points, to 1,218.03. bur-pb/dan

Fed cuts another $10 bn from stimulus program

The Federal Reserve stayed the course on tapering its stimulus for the US economy Wednesday, reducing its asset purchases by $10 billion for the second month in a row. The Fed, as expected, cut the stimulus to $65 billion a month, while leaving its benchmark interest rate near zero, citing "growing underlying strength in the broader economy." vs/pmh
Syndicate content