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Stock Market / Finance in Asia

  • Decrease in annual consumer prices moderates in December

    SINGAPORE, 2016/01/28 In December, consumer prices recorded zero increase over the previous month, which follows the 0.2% increase tallied in November. According to Statistics Singapore, December’s reading mainly reflected a rise in prices of recreation and culture, which offset a fall in prices of clothing and footwear. Consumer prices fell 0.6% annually in December, which was above November’s 0.8% drop. The reading slightly overshot market expectations of a 0.7% decrease. Annual average variation in consumer prices remained stable at November’s minus 0.5% in December.

  • Asian Markets Retreat After Oil Prices Fall Again

    CHINA, 2016/01/26 Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week. The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.

  • An employee walks across the trading floor at the mainhall of Indonesia Stock Exchange

    INDONESIA, 2016/01/11 The Jakarta Composite Index (JCI) slid 30.8 points to 4,515.5 at Monday’s opening and declined a further 63 points, or 1.4 %, to 4,482.86 by 10:30 a.m. Meanwhile, the rupiah tumbled in the spot market to Rp 13,926 per US dollar. Market analyst at Bank Mandiri Rully Arya Wisnubroto predicted that the strengthening greenback on Monday would apply pressure to the market, as speculation rose about good economic indicators any minute at this time to be released in the US.

  • Kazakh hydrocarbon field's shareholders membership changes

    KAZAKHSTAN, 2016/01/11 Kazakhstan’s “Kokel Munay” company received 50 % of the subsoil use rights in "Bekturly Vostochnyi" in the Mangystau region of Kazakhstan, which follows from the supplement, signed to the arrangement between the Ministry of Energy of Kazakhstan, the Kazakh national oil and gas company "KazMunayGas" in 2015, Kazakhstan Stock Exchange (KASE) reported on its website.

  • Chinese markets suspended as shares plunge

    CHINA, 2016/01/06 Chinese stock markets have tumbled seven % in their opening session of 2016, forcing exchanges to suspend trading for the initial time. The plunging share prices on Monday came as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy. Early losses quickly snowballed in the afternoon, with trading suspended around 05:30 GMT, about 90 minutes before the regular close.

  • Malaysian company secures credit line for project in Angola

    MALAYSIA, 2015/12/31 The Armanda Cabaca company, a subsidiary of Malaysian group Bumi Armada, has secured a credit line of up to US$1.12 billion with a banking syndicate to partially fund a project in Angola, the group said in a statement. The banking syndicate is led by the Oversea-Chinese Banking Corporation of Singapore and Sumitomo Mitsui Banking Corporation of Japan, and its members include the Korean Development Bank, the National Bank of Abu Dhabi, Societe Generale and Standard Chartered.

  • The 10 biggest events in financial markets in 2015

    WORLD, 2015/12/26 Swiss franc roll On January 15 the Swiss National Bank stunned markets by scrapping its three-year old cap on the franc, sending EUR/CHF to a record low   Bund tantrum German bonds collapsed in May and June, but the break below zero at no time happened and less than two months later it was almost back at 1% - German stocks exchange   Sub-zero euro yields At the end of 2015 around €2 trillion worth of euro zone sovereign bonds, a third of all outstanding, presently trade with a negative yield

  • Japan Leading Index Climbs More Than Estimated In October

    JAPAN, 2015/12/26 The leading index for Japan, which measures the next economic activity, increased additional than initially estimated in October, final figures from the Cabinet Office showed Friday. The leading index rose to 104.2 in October, which was revised up from the preliminary estimate of 102.9. In September, the reading was 102.4. The coincident index that reflects the current economic activity, climbed to 113.3 in October from 111.8 in the preceding month. The figure for October was revised down from 114.3.

  • Asian Markets Marginally Higher In Thin Holiday Trade

    ASIA, 2015/12/26 Most Asian stock markets are closed on Friday for the Christmas Day holiday. Part the markets that are open, Japan, China and Taiwan are up with modest gains in thin trading. The Japanese market is higher in thin Christmas trading, next briefly dipping into negative territory before. A lot of traders are away from the market for the Christmas holidays. Additionally, a stronger yen weighed on exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is adding 73.4 points or 0.39 % to 18,863.05, next falling to a low of 18,756.17 before. Part the major exporters, Panasonic is declining 0.5 %, Sharp Corp is losing 3 % and Canon is down 0.3 %. Meanwhile, Casio Computer is adding additional than 1 %.

  • China's renminbi will be the Third Most Powerful Currency in the IMF Basket

    CHINA, 2015/12/16 n spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the Appropriate Drawing Rights, the currency basket created in 1969 to complement the official reserves of the members of the multilateral organization. With this the Chinese currency will become, next October 1 (2016), part of the integrating fifth of the IMF basket. The financial influence of China on a world scale will continue to grow at high velocity: the weight of the yuan in the Appropriate Drawing Rights will be better in comparison with the Japanese yen and the pound sterling. A few months ago there was considerable skepticism as to whether the International Monetary Fund (IMF) would incorporate the Chinese «people’s currency» (‘renminbi’) in their basket of currencies[1]. Finally, the doubts disappeared: in spite of the fierce opposition of the US Treasury Department, very any minute at this time the yuan will become the fifth member of the currency basket of the IMF.
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