All posts tagged stocks

BLOOMBERG: Everbright Securities Plunges on Record Penalty: Shanghai Mover

Everbright Securities Co. branch in Beijing. Photographer: Nelson Ching/Bloomberg

Bloomberg reports that Everbright Securities plunged to the lowest since its shares started trading in 2009 after China’s securities regulator imposed a record penalty on the broker for insider trading and two more executives resigned.

The country’s seventh-largest brokerage by market value declined by the 10 percent daily limit to 9.06 yuan at today’s opening in Shanghai, after trade was suspended on August 30, and stayed at that level through the 11:30 a.m. break. The Shanghai Composite Index (SHCOMP) fell 0.1 percent. The stock has slid 36 percent this year.

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by Innovator on September 2, 2013 • Permalink

Posted in China, Finance, Regulation, Stock

Tagged Bloomberg, brokerage, China, China Securities Regulatory Commission, CSRC, equity markets, Everbright Securities, shanghai composite index, SHCOMP, stocks

Posted by Innovator on September 2, 2013

https://theasiancenturyreport.wordpress.com/2013/09/02/bloomberg-everbright-securities-plunges-on-record-penalty-shanghai-mover/

Asian Shares Mostly Lower On Weak China PMI; Tokyo Hits Multi-Week Low

Asian stock markets were mostly lower on Monday, with Japanese shares hitting a multi-week low, as weak manufacturing data from China and the unimpressive result of the quarterly Tankan survey drained investor confidence at the beginning of a new quarter.

The Nikkei Stock Average dropped 0.8% to 8,796.51 in Tokyo, after losing about 1.5% in the July-September quarter, while the broader Topix Index shed 0.7% to 732.35.

The S&P/ASX 200 Index ended fractionally higher at 4,388.60 in Sydney, with markets looking ahead to Tuesday’s interest-rate decision by the Reserve Bank of Australia.

Stock markets in Hong Kong, mainland China and …

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by byu2012 on October 4, 2012 • Permalink

Posted in Asia, Stock

Tagged Asia, Asian, Asian Economy, Asian stock, China, China Economy, Finance, Stock market, stocks

Posted by byu2012 on October 4, 2012

https://theasiancenturyreport.wordpress.com/2012/10/04/asian-shares-mostly-lower-on-weak-china-pmi-tokyo-hits-multi-week-low/

Asian Stocks Sink as Global Economy Fears Rise

Asian stocks sank Monday as investors’ growing concerns about the shaky global economy overpowered any remaining optimism over central bank stimulus efforts.

Crude oil tumbled while the dollar rose against the euro but fell against the Japanese yen.

Tokyo’s Nikkei 225 index dropped 0.7 percent to 9,043.52 and Seoul’s Kospi index shed 0.8 percent to 1.985.57. Hong Kong’s Hang Seng lost 0.5 percent to 20,636.25 and China’s benchmark Shanghai Composite Index retreated 0.9 percent to 2,008.21.

Sydney’s ASX S&P 200 fell 0.6 percent to 4,380.90. Benchmarks in Taiwan and Singapore also fell.

“Markets face a reality check going into this week,” strategists at Credit Agricole CIB wrote in a research note. They said that the “euphoria emanating” from recent moves by the Federal Reserve, European Central Bank and Bank of Japan to stimulate growth is “fading quickly.”

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by byu2012 on September 27, 2012 • Permalink

Posted in Asia, Stock

Tagged Asia, Asian, Asian Economy, Asian stocks, Business, China conference, Development, Finance, Growth, stock price, stocks

Posted by byu2012 on September 27, 2012

https://theasiancenturyreport.wordpress.com/2012/09/27/asian-stocks-sink-as-global-economy-fears-rise/

Asian Shares Mostly Higher as Fed Easing Hopes Rise

Asian markets were mostly higher early Monday with investors balancing mixed Chinese economic data against rising hopes for stimulus measures from the Federal Reserve following Friday’s weaker-than-expected U.S. jobs data, while a stronger yen limited the upside for Japanese stocks.

Markets were digesting Chinese economic data released over the weekend that showed industrial production continued to slow in August, up 8.9% on year compared with July’s 9.2% rise, its lowest rate since May 2009. The Consumer Price Index added 2.0% on year in August, up from 1.8% in July.

Now that the European Central Bank has unveiled its bond-buying plan to address Europe’s debt crisis, attention is on the U.S. Federal Reserve, and whether it will launch a new round of quantitative easing at its two-day policy meeting set to commence on Wednesday. U.S. employment data released on Friday failed to meet expectations and strengthened hopes that the Fed will introduce fresh stimulus measures this week.

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by byu2012 on September 12, 2012 • Permalink

Posted in Asia, Asian conferences, Stock

Tagged Asia, Asian, Asian Economy, asian markets, Asian stocks, China, Europe, European Debt Crisis, Experts Forum, Stock market, stocks, U.S. Federal Reserve, US Treasury

Posted by byu2012 on September 12, 2012

https://theasiancenturyreport.wordpress.com/2012/09/12/asian-shares-mostly-higher-as-fed-easing-hopes-rise/

Asia stocks celebrate China stimulus, ECB

HONG KONG (MarketWatch) — Mainland Chinese and Hong Kong stocks posted their strongest performance in more than seven months on Friday after Beijing announced a slate of new infrastructure projects to spur a slowing economy.

Other Asian markets also rallied because of a celebratory mood in global markets after the European Central Bank unveiled an expansive bond-buying plan to stabilize markets, and as investors looked ahead to a U.S. jobs report with optimism.

The Shanghai Composite CN:000001 +3.70% surged 3.7% and Hong Kong’s Hang Seng Index HK:HSI +3.09% climbed 3.1%, each recording their best single-day percentage gain since mid-January.

Sentiment was bolstered as China authorities pushed out infrastructure projects aimed at providing stimulus to the cooling economy.

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by byu2012 on September 7, 2012 • Permalink

Posted in Asia, Asian conferences, Finance, Stock

Tagged Asia, Asian, Asian Economy, China, China conference, China Economy, Finance, Growth, Hong Kong, Stock market, stocks

Posted by byu2012 on September 7, 2012

https://theasiancenturyreport.wordpress.com/2012/09/07/asia-stocks-celebrate-china-stimulus-ecb/

Asian Stocks Hurt by Global Economic Uncertainty

BANGKOK: Asian stock markets fell on Tuesday as uncertainty persisted about what authorities in the U.S., China and Europe might do to deal with a souring global economy.

The previous day’s trading was dominated by a survey suggesting that China’s manufacturing sector was contracting. Though a bad sign for the global economy, the data raised expectations that Chinese authorities will announce additional measures to bolster growth.

But the People’s Bank of China appears to be resisting calls for more aggressive measures after the huge stimulus in response to the 2008 global financial crisis fueled inflation and a wasteful spending boom.

“We are all waiting for more monetary policy to come out,” said Linus Yip, strategist at First Shanghai Securities in Hong Kong. “We are all waiting and hope the PBOC will do something.”

Japan’s Nikkei 225 index fell 0.1 percent to 8,773.14. Hong Kong’s Hang Seng lost 0.3 percent to 19,497.47 and South Korea’s Kospi shed 0.2 percent to 1,907.70. Australia’s S&P/ASX 200 fell 0.6 percent to 4,303.30.

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by byu2012 on September 5, 2012 • Permalink

Posted in Asia, Asian conferences, Business, China, Finance, Stock, Uncategorized

Tagged Asia, Asian, Asian Economy, Asian stocks, Business, China, Finance, Growth, Stock market, stocks

Posted by byu2012 on September 5, 2012

https://theasiancenturyreport.wordpress.com/2012/09/05/asian-stocks-hurt-by-global-economic-uncertainty/

Asian Markets End Lower

Asian markets fell Thursday, a day before Federal Reserve Chairman Ben Bernanke’s much-anticipated Friday speech at Jackson Hole, Wyoming, and as weakness in resources pushed Australia to a two-week low.

“What seems to be the preferred trade at the moment is taking off the positions that people don’t need to have ahead of the announcements over the weekend,” said Tahnoon Pasha, chief executive officer for Asia equities and fixed income at Aviva Investors, which manages just under $6 billion out of its Singapore office.

Australia’s S&P ASX 200 fell 0.9% to 4315.7 as the price of iron ore continued to drop, falling 4.7% overnight to its lowest price since November 2009. There was weakness in other metals as well, which translated into poor performances by mining stocks. Rio Tinto was down 3.8% and BHP Billiton BLT.LN -3.26% lost 2.4%.

News that Fortescue Metals Group chairman Andrew Forrest had bought some of the company’s stock this week did not stop its share price falling 1.6%. Atlas Iron slid 5.5%.

In Hong Kong, the Hang Seng Index fell 1.2% to 19552.91 on renewed concerns over the Chinese economy, while local property developers were hit by fears the government could intervene to cool the property market. Cheung Kong lost 2.7% and Henderson Land Development slipped 3.4%.

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by byu2012 on August 31, 2012 • Permalink

Posted in Asia, Business, Finance, Market, Stock

Tagged Asia, Asia pacific, Asian, Asian Economy, asian markets, Asian stocks, Business, China, Finance, Growth, Hong Kong, Stock market, stocks

Posted by byu2012 on August 31, 2012

https://theasiancenturyreport.wordpress.com/2012/08/31/asian-markets-end-lower/

Asian Stocks Advance for a Third Day on Earnings, Stimulus Bets

Asian stocks rose a third day, with the regional benchmark index extending a three-month high, on speculation central banks from the U.S. to China will take steps to boost growth and after companies including Chimei Innolux Corp. beat estimates.

Kawasaki Kisen Kaisha Ltd. paced gains among Japanese shipping lines, rising 3.6 percent, before a report tomorrow expected to show inflation slowing in China, making room for policy easing in the world’s biggest commodities market. Sumco Corp. and other chip-related companies advanced after Goldman Sachs Group Inc. boosted its outlook for the U.S. semiconductor industry. Chimei Innolux gained 7 percent in Taiwan after the display maker reported a smaller-than-expected loss.

The MSCI Asia Pacific Index gained 0.4 percent to 120.09 as of 7:36 p.m. in Tokyo, paring gains of as much as 0.9 percent amid speculation Japanese stocks have risen too far, too fast. More than three stocks rose for every two that fell on the measure, which has gained about 10 percent from this year’s low on June 4 as Europe eased the terms of Spain’s banking bailout and global central banks cut interest rates.

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by stekunan on August 8, 2012 • Permalink

Posted in Asia, Business, China, Japan, Market, Stock

Tagged Asia pacific, Asian, chimei innolux, China, goldman sachs group, japanese, kawasaki kisen kaisha, MSCI, semiconductor, stocks, Tokyo

Posted by stekunan on August 8, 2012

https://theasiancenturyreport.wordpress.com/2012/08/08/asian-stocks-advance-for-a-third-day-on-earnings-stimulus-bets/

How Asia Will Fare if Europe Cracks

BY ALEX FRANGOS

As the Euro Zone Flirts With Disaster, Asian Economies Stand at Varying Degrees of Preparedness

HONG KONG—Greek elections may have assuaged fears of a European financial contagion spreading to Asia, at least for the moment. But as troubles brew in Spain, where borrowing costs shot up again Tuesday, and as Greece faces more painful cuts to meet bailout targets by September, many wonder who in Asia is most exposed should Europe’s economy and financial system finally crack.

Lessons from the 2008 financial crisis show that while all of Asia tends to get hit when the world economy shudders, the severity differs depending on which countries have the biggest trade and financial linkages to the rest …

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by Innovator on June 21, 2012 • Permalink

Posted in Uncategorized

Posted by Innovator on June 21, 2012

https://theasiancenturyreport.wordpress.com/2012/06/21/how-asia-will-fare-if-europe-cracks/

Nikkei ends at 5-week high, softer yen supports

By Dominic Lau TOKYO, June 21 (Reuters) – Japan’s Nikkei average broke above 8,800 for the first time in five weeks on Thursday, as sentiment was buoyed by a softer yen after the U.S. Federal Reserve held back from more aggressive stimulus steps to prop up the economy.

The benchmark Nikkei hit its highest closing level since May
17 and has recovered 7 percent from a six-month low on June 4.

Shrugging off a survey showing China’s vast manufacturing sector slowing for the eighth straight month, the Nikkei rose 0.8 percent to 8,824.07, driven by exporters, such as Honda Motor Co Ltd, up 3.5 percent, and Canon Inc, adding 1.4 percent. The Fed disappointed some investors by delivering only a limited expansion of monetary stimulus on Wednesday. It extended its “Operation Twist” beyond its original June expiration to the end of the year to boost the flagging U.S. recovery. It also cut its GDP growth estimates for the year.

“The fact they eased at all is a plus for the U.S. economy, while holding off on QE3 is good for the Japanese market as it didn’t strengthen the yen,” said Hideyuki Ishiguro, assistant manager of investment strategy at Okasan Securities.

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by Innovator on June 21, 2012 • Permalink

Posted in Uncategorized

Posted by Innovator on June 21, 2012

https://theasiancenturyreport.wordpress.com/2012/06/21/nikkei-ends-at-5-week-high-softer-yen-supports/

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