Asia > Southern Asia > Stock Market / Finance

Stock Market / Finance in Southern Asia

  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.

  • Sensex Tumbles 253 Points Ahead Of Fed Meeting

    INDIA, 2016/03/16 Indian shares fell sharply on Tuesday and the rupee weakened against the dollar as investors kept their fingers crossed, waiting to see what the U.S. Federal Reserve will do at the end of a two-day policy conference that gets underway tonight. While a lot of analysts do not expect the Fed to amaze investors with an extra rate hike, it is widely believed that Fed Chair Janet Yellen would probably signal a hike in the June conference.

  • India cuts lending rate by 50 basis points

    INDIA, 2015/09/30 India's central bank, the Reserve Bank of India (RBI), Tuesday cut its short-term lending rate by 50 basis points to a four-year low. The repurchase rate, or the interest charged on short-term borrowings, was cut to 6.75 %, while the indexed reverse repo rate, or the interest payable by the central bank on short- term deposit, automatically was cut to 5.75 %. The move will allow commercial banks to lower their own lending rates for personal, automobile, housing and commercial loans.

  • IMF Warns that Indian Companies Most at Risk with a Strong Dollar

    INDIA, 2015/08/03 The International Monetary Fund (IMF) recently conducted stress tests to model what result an appreciation in the price of the US dollar would have on economies around the world. In a somewhat surprising turn, those who fared worst in a world with a additional precious dollar were not exporters of goods to America or nations dependent on US goods, but rather, Indian businesses. The reason, according to the statement, was a possible worsening of borrowing costs and earnings. Troubling news for Indian businesses, as the dollar has been on a sustained track of appreciation.

  • RBI chief Raghuram Rajan reiterates call for global monetary coordination

    INDIA, 2014/05/28 Raghuram Rajan, reiterated on Wednesday what he said is the need for world central banks to be mindful of the impact of their unconventional monetary policy measures on other economies. Rajan proposed that central banks of advanced nations "internalise" the spillover effects from such policies to minimise volatility and disruptions in financial markets elsewhere.

  • The rupiah weakened on Wednesday afternoon by 166 points

    INDIA, 2014/04/24 The rupiah weakened on Wednesday afternoon by 166 points to 11,636 per US dollar, down from the previous 11,470. "Fundamentally, the rupiah is under pressure following China's contracting manufacturing data, worrying domestic financial market players about Indonesia's trade balance," Monex Investindo Futures analyst Zulfirman Basir said in Jakarta on Wednesday as quoted by Antara news agency. He said that investors were worried about the country's trade balance because China was one of Indonesia's major trade partners. The fluctuation of the rupiah in the domestic market was as well caused by political factors since investors were studying the possibility of coalitions that would shape the next government.

  • Indian Shares Edge Lower On Global Cues

    INDIA, 2013/10/28 Indian shares moved in a narrow range before ending modestly lower on Friday, tracking weak world cues. As well, investors looked forward to the RBI policy meet next week amid speculation the central bank may hike repo rate further to curb inflation. The benchmark BSE Sensex ended down 42 points or 0.2 % at 20,684 next breaching the 21,000 level during intraday trading the day before. The broader Nifty index fell 19 points or 0.32 % to 6,145. German brokerage firm Deutsche Equities raised its December 2013 target for the BSE Sensex to 22,000 from 21,000, citing easing concerns over the Federal Reserve's monetary stimulus tapering and some positive developments locally such as improved earnings picture and a good monsoon.

  • Recent developments in India’s foreign exchange

    INDIA, 2013/10/28 Recent developments in India’s foreign exchange, capital and export markets have kindled hope that the Indian economy is on the mend. Industrial output numbers from July have added additional cheer to the scene. Has India finally reached the end of the tunnel? Or is this an extra false dawn? It all depends on the behaviour of India’s inflation in the coming months. The battle against inflation has been a long one, starting back in 2006. The average annual rate of inflation since this time has remained high, at about 7 % on the wholesale price index and 9 % on the consumer price index. For India though, inflation has always been associated with high food prices. Therefore, the only durable way to bring down inflation is to contain rising food prices. India’s rising food prices are caused by both request and supply factors. As per capita gain rises, so too does the request for food. With higher incomes, the consumption basket has expanded from carbohydrates to include additional vitamin- and protein-rich foods.

  • Asian sovereigns unlikely to be hit by US downgrade prospects

    ASIA, 2013/10/23 Sovereign ratings of Asian economies are unlikely to be due impacted by the prospects of a downgrade of the US credit rating, world rating agency Fitch said on Friday. Fitch Ratings, before this week, put the credit rating of the United States under negative watch. The move indicates a prospect of a possible downgrade of the country's 'AAA' rating. The warning came in the wake of political impasse in the US that had even raised concerns about the world's major economy defaulting on its deficit obligations.

  • India's wholesale price inflation rose

    INDIA, 2013/10/14 India's wholesale price inflation rose unexpectedly to a seven-month high in September on higher food inflation, raising the scope for an extra rate hike from the central bank. Inflation, measured by the wholesale price index, increased to 6.46 % in September from 6.10 % in the previous month, the Ministry of Commerce and Industry said Monday. Inflation was estimate to slow marginally to 6 %. On a monthly basis, wholesale prices climbed 1.24 % in September. Data revealed that the build up inflation rate in the financial year so far was 5.64 % compared to 4.84 % in the corresponding period of the previous year.
Trending Articles