Page 5 - Asian Shares

Asian markets mixed after Wall Street decline, coronavirus unease

Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Tokyo and Sydney fell while Hong Kong and Seoul advanced. Shanghai was unchanged. Wall Street's benchmark S&P 500 index ended down 1.2% on Wednesday after gaining 1.9% earlier in the day. That was despite surveys showing US hiring and factory activity in November were better than expected. Markets were sliding when the White House announced the discovery of the first omicron case in the United States. It is unclear whether omicron is more dangerous than other variants, but governments have responded by tightening travel controls, fuelling unease about the outlook for a global economic recovery. The latest data painted an optimistic picture for economic conditions, but that seems to be taking a backseat as the omicron variant can potentially shift the landscape, Yeap Jun Rong of IG said in a report. The Shanghai Composite Index .

Asian shares tick up but Omicron variant worries leave markets on edge

Omicron is rapidly becoming the dominant variant of the coronavirus in South Africa less than four weeks after it was first detected

Asian shares soar after Wall Street hits record, Japan inflation eases

Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased. Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Wall Street's benchmark S&P 500 index advanced 0.3%, putting it on track for a weekly gain. Investors are shifting focus from corporate earnings to the longer-term outlook for global economies and whether central banks might feel pressure to cool rising prices by rolling back stimulus faster than planned. Inflation is currently the main focal area for the markets, Fawad Razaqzada of ThinkMarkets said in a report. On Friday, Japan's government reported October consumer inflation eased to 0.1% over a year earlier from the previous month's 0.2%. The Shanghai Composite Index rose 0.3% to 3,531.26 and the Nikkei 225 in Tokyo gained 0.4% to 29,718.62. The Hang Seng in Hong Kong sank 1.7% to 24,878.87. The Kospi in Seoul advanced 0.4% to 2,958.64 and Sydney's S&P-ASX 200 added 0.2% to 7,391.60. New ...

Asian shares slip despite Wall Street gains after Biden-Xi talks

Asian shares were mostly lower Wednesday despite a rally on Wall Street after virtual talks between President Joe Biden and China's Xi Jinping. Japan's benchmark Nikkei 225 fell 0.4 per cent to 29,688.33. South Korea's Kospi fell 1.2 per cent to 2,962.42. Australia's S& P/ASX 200 lost 0.7 per cent to 7,369.90. Hong Kong's Hang Seng fell 0.4 per cent to 25,621.91, while the Shanghai Composite edged up 0.5 per cent to 3,537.32. The online talks between Biden and Xi late Monday U.S. time appeared to signal a step in the right direction but they did not yield any major steps toward resolving longstanding disputes over trade and other issues. Any concrete development from the meeting still awaits to be seen, but the amiable approach thus far in addressing issues from both parties pares down the risks of political tension in markets, said Yeap Jun Rong, market strategist at IG in Singapore. Stocks closed higher on Wall Street as investors reviewed solid earnings reports from big ...

Asian shares inch higher as investors bearish on China's economic data

Annual growth in retail sales, industrial output and urban investment are all expected to slow further in October partly due to pandemic restrictions and strains in the housing market

Asian shares jittery ahead of China's economic data; oil hits fresh highs

Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage

Asian shares track Wall Street gains after strong US corporate earnings

Oil prices were at multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for some energy-exporting markets in Southeast Asia

Asian shares rise on stronger global risk appetite as oil prices ease

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.25% in early trade, regaining ground lost in recent days to be little changed on the week.

Asian shares fall with oil at multi-year highs, US yields surge

HONG KONG (Reuters) - Asian shares dropped on Wednesday and U.S. benchmark yields rose to a three-and-a-half month top as investors stayed jittery about inflation with oil prices reaching new multi-year highs.

Asian shares gain but Evergrande jitters keep investors on edge

Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.

World shares at one-month low, default fears stalk China Evergrande

European stocks were 1.8% lower, slipping to two-month lows, with energy and mining stocks tumbling as the dollar's jump to near four-week highs crushed commodity prices

Asian shares steady, but set for weekly losses as global growth fears nag

European shares also looked set to rise on opening with pan-region Euro Stoxx 50 futures up 0.61% and FTSE futures 0.41% higher.

Chinese property woes push Asian shares down, reversing initial gains

Evergrande's own shares dropped 8.2% on Thursday and have plunged more than 80% this year.

Asia shares make sluggish start, Nikkei hesitates near 30-year high

Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week

Asian shares up on dovish Fed chair, oil up as hurricane batters Louisiana

Asian shares started the week with gains and the dollar was not far off two-week lows after US Fed Reserve Chairman Powell struck a more dovish tone than some investors expected in long-awaited speech

Asian shares inch up, caution prevails ahead of Jackson Hole

US stock futures were up 0.2%, suggesting some optimism after sentiment on Thursday was dented by a deadly attack in Afghanistan, and after Fed's hawkish policymakers urged an end to stimulus

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus

Asian shares move off near year lows, New Zealand holds rates steady

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.73%, snapping five successive sessions of decline

Asian shares fall as Delta variant of Covid-19 casts shadow over growth

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.35%, dragged down by Chinese blue chips, which fell 0.56% and Hong Kong down 0.46%

Asian shares lower after Wall Street rebound on US growth data

Japan reported relatively strong economic data for the previous quarter, before the government began tightening coronavirus restrictions as cases surged.