Market Report - Asia Shares Cut Losses

Posted by admin as shares and stocks

ANCHOR:
Seoul shares ended lower after volatile trading today, led by automakers and some banks, with the positive impact of news of a U.S. government-backed bailout of Citigroup lasting only briefly.

Kia Motors plunged nearly 15 percent after South Korea’s No. 2 auto maker said it was paying off 300 million euros worth of debt due on Monday in cash.

Chinese stocks dropped sharply on Monday, led by property shares, as concern about the market’s ability to absorb fresh supplies of equity outweighed optimism over China’s economic stimulus package.

Hong Kong shares fell 1.2 percent, with financial stocks hit as the fate of U.S. banking giant Citigroup remained undecided and on reports of a $3 billion capital raising plan by Standard Chartered.

The benchmark Hang Seng Index ended the morning session 150.68 points lower at 12,508.52.

Taiwan stocks fell a quarter of a percent as technology shares declined ahead of data due out later in the day that is expected to be gloomy.

Investors largely ignored a Wall Street rally as they took cues from losses in other Asian stocks.

Duration : 0:1:20

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Technorati Tags: asia, Economy, KOSPI, market, money, nikkei, ntd, oil, price, report, stock, stocks, trady

Market Report - Asia Shares Cut Losses

Posted by admin as shares and stocks

ANCHOR:
Seoul shares ended lower after volatile trading today, led by automakers and some banks, with the positive impact of news of a U.S. government-backed bailout of Citigroup lasting only briefly.

Kia Motors plunged nearly 15 percent after South Korea’s No. 2 auto maker said it was paying off 300 million euros worth of debt due on Monday in cash.

Chinese stocks dropped sharply on Monday, led by property shares, as concern about the market’s ability to absorb fresh supplies of equity outweighed optimism over China’s economic stimulus package.

Hong Kong shares fell 1.2 percent, with financial stocks hit as the fate of U.S. banking giant Citigroup remained undecided and on reports of a $3 billion capital raising plan by Standard Chartered.

The benchmark Hang Seng Index ended the morning session 150.68 points lower at 12,508.52.

Taiwan stocks fell a quarter of a percent as technology shares declined ahead of data due out later in the day that is expected to be gloomy.

Investors largely ignored a Wall Street rally as they took cues from losses in other Asian stocks.

Duration : 0:1:20

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Technorati Tags: asia, Economy, KOSPI, market, money, nikkei, ntd, oil, price, report, stock, stocks, trady

Market Report - Asia Stocks Tumble After GE Fall

Posted by admin as shares and stocks

HANG: Asia stocks tumbled on Monday, with investors worried ahead of a heavy week of earnings and data.

Japan’s Nikkei fell 3 percent (12,918) in a broad-based sell-off that tracked Friday losses on Wall Street.

A nasty earnings surprise from U.S. giant General Electric and data showing U.S. consumer sentiment hit a 26-year low rattled investors across the globe.

China shares were also hurt, with Shanghai property firms among the biggest losers. Shanghai A shares lost 5.6 percent.

Worries about rising inflation have been spooking China investors, and fresh inflation data is due out later this week.

In Hong Kong, China plays such as China Mobile slumped after authorities stopped them from listing their shares in Shanghai amid weak sentiment. The Hang Seng index fell by 3.5 percent.

A slip in oil prices was one of the few bright spots for investors in the region. Oil slid below $110 a barrel after the dollar gained. The dollar rose following a warning on currency fluctuations from the G7 finance ministers.

Looking ahead, investors are eagerly awaiting earnings reports from big U.S. banks such as Citigroup, which will be released later in the week.

Duration : 0:1:29

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Technorati Tags: asia, Business, China, commercial, Inflation, Investor, market, nikkei, ntd, report, shanghai, stocks, street, wall

Market Report - Asia Stocks Up

Posted by admin as shares and stocks

Most Asia markets gain on Tuesday; Shanghai markets fall after earthquake.

ZHANG:
Asian shares gained on Tuesday, led by banks, tech companies, and automakers.

Japan’s benchmark Nikkei (13953.73) climbed 1.5 percent for a second day of gains. Exporters like Sony were among the biggest winners. The world’s top auto maker Toyota edged up on news of plans to boost its production capacity.

China stocks traded in Shanghai fell after the worst earthquake in three decades. Estimates of the total losses in human life and property from the 7.9 magnitude earthquake are still rising. The earthquake will have financial repercussions as well. Sichuan province, where the quake hit the hardest, contains 40 percent of China’s natural gas deposits.

Analysts also predict that the quake could increase inflationary pressure. Inflation in China accelerated to 8.5 percent last month.

In monetary news, the dollar was steady as investors remained uncertain about the direction of U.S. interest rates. Oil prices, meanwhile, retreated as some investors saw a recent rally to record highs as excessive.

Duration : 0:1:29

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Technorati Tags: asia, Financial, market, news, ntd, NTDTV, report, rise, shares, stocks, up

Market Report Asian Stocks Climb

Posted by admin as shares stocks

ANCHOR:
In Tokyo stock prices moved higher as exporters continued to make gains on the back of a weaker yen. Electronics maker Panasonic lead the gains. Shares in the company surged over 6 percent after a report said quarterly profits for the firm were likely to be better than expected.

Japan’s benchmark Nikkei finished the day 3.6 percent higher.

In China market shares dipped in morning trade after the government announced lackluster third quarter growth. The National Bureau of Statistics revealed that the nation’s GDP had slowed to 9 percent, more sharply than had been expected. Investors were heartened by the announcement.

In Korea news of the government’s 130 billion dollar bailout helped prevent share prices from sliding further. Seoul stocks saw modest gains helping the KOSPI index to close the day over 2 percent higher. The government plan seems to have eased investor fears but critics have said the measures are too weak
to reverse the stock market trend.

Duration : 0:1:4

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Technorati Tags: asia, Bank, commercial, Financial, Inflation, Investor, market, money, ntd, report, stocks, trade

Market Report: Asia shares swing

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MARKET REPORT: Asia stocks swung on Wednesday as fears over a global recession crept back into investors minds.

A U.S. central bank official said the U.S. economy looked to be in recession.

The head of the Bank of Japan said global financial markets looked very strained.

Large exporters such as Honda Motors fell sharply. Rival Mazda’s stock also fell after a report that it has scrapped plans to build a second factory in
the U.S.

The Nikkei reversed steep falls and ended 1.1 percent higher.

China stocks were also largely weaker on worries about slowing global growth, especially because China’s momentum was slowing sharply even before the financial crisis.

Property and auto markets have slowed sharply in China, a further sign that China is not immune from a slowing world economy.

Anthony Trotter reporting for Reuters.

Duration : 0:0:56

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Technorati Tags: asia, Bank, commercial, Financial, Inflation, Investor, market, money, ntd, report, stocks, trade

Market Report - Asia Shares Shake Off Oil

Posted by admin as shares and stocks

ZHANG:
Asian shares were mostly higher Monday, as soaring oil and commodity prices actually boosted a number of regional-linked stocks.
Australian shares posted a fourth straight gain, led by resource firms like Woodside Petroleum and top miner BHP Billiton.
In Tokyo, the Nikkei hit a 4-month peak, led by Nippon Steel on reports that the company had agreed with automakers to hike sheet steel prices. Meanwhile, trading firms, as well as oil company Inpex Holdings, rose on the record oil prices. The Nikkei has now gained 22 percent from a year low in March.
Taiwan stocks hit a fresh year peak, boosted on hopes of better economic conditions under the new President and possible stronger China business ties.
But Seoul shares broke the upward trend, ending lower after the benchmark KOSPI touched a year peak last week. Technology bellwethers like Samsung Electronics fell, although profits outlooks were expected to support prices.

Duration : 0:1:13

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Technorati Tags: asia, Business, company, Economy, market, money, nikkei, ntd, oil, report, trade

Market Report - Asia Stocks Rise after U.S. Bailout

Posted by admin as shares and stocks

Asian stocks rose on Monday as investors hunted for bargains after the U.S. government unveiled an
unprecedented 700 billion dollar bank bailout plan.

Financial giants Goldman Sachs and Morgan Stanley were forced to gave up their cherished investment banking status in return for cover from the U.S. Federal Reserve.

In Japan, the Nikkei rose to a one-week high, buoyed by financial shares like Japan’s top lender Mitsubishi UFJ Financial Group and Nomura holdings which has reportedly bid for parts of Lehman Brothers in Asia and Europe. But traders said the market rebound could fizzle out if Japanese firms cut
their earnings outlooks amid the global economic slowdown and lingering concerns toward the complex bailout package and its long-term implications.

In Hong Kong, Chinese financials like ICBC extended Friday’s massive rally after Beijing said it would ask leading banks to buy shares to stabilize the markets.

China’s main stock index, the Shanghai composite rose sharply as investors hunted for bargains in the worst performing market this year.

On the downside, shares in Chinese dairy producer Yili Group dropped after its products were caught up in a widening Chinese scandal over tainted milk products that has put nearly 13,000 infants in hospital.

Oil prices meanwhile shed strong gains to steady above $104 a barrel as investors questioned whether the bailout would truly succeed in stemming future losses.

Duration : 0:1:35

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Technorati Tags: asia, bailout, chinese, Financial, Group, ICBC, market, Mitsubishi, ntd, report, stocks, UFJ, US, Yili

Asia Stocks Mixed, Nikkei Down

Posted by admin as shares and stocks

Hong Kong and Australian stocks were up, but China stocks fell sharply in the morning session due to severe winter storms.

ZHANG: Asia stocks were mixed on Friday, as concerns eased over the financial health of top bond issuers in the U.S. who had been hit by the subprime mortgage crisis.

Japan’s Nikkei edged lower (decrease 0.7% to 13497 points) amid fears of poor U.S. jobs data later in the day.

A lower profit forecast by electronics giant Sony also weighed on the market, its shares falling over 8 percent.

Analysts say a weakening U.S. economy and a stronger yen could hurt profits of the maker of PlayStation 3 video game consoles.

China stocks fell sharply in the morning session, as severe winter storms continued to cloud the economic outlook and hit transport networks across the
country. PetroChina fell over four percent, dragging down the index.

Elsewhere in Asia, markets rose slightly after one of the worst months on record.

Recently battered Australian stocks were up 3.4 percent, as investors shopped for cheap bank and property stocks. Shares of mining firm BHP rose ahead of an anticipated new bid for peer firm Rio Tinto next week.

Hong Kong’s benchmark Hang Seng index rose 2.9 percent, reacting to yesterday’s gains on Wall Street, and as investors went bargain hunting. Elsewhere in the region, Taiwan gained 2 percent, while South Korea edged up by 0.6 percent.

Duration : 0:1:34

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Technorati Tags: asia, bond, Economy, finance, hong, kong, market, money, mortgage, news, nikkei, stock, storm, subprime

Market Report - Asia Falls; Dollar Flounders

Posted by admin as shares stocks

Asia shares fall across the board as the dollar stalls and China shares

ZHANG: Asia stocks fell on Thursday with exporters such as Honda bruised by a fresh fall in the ailing U.S. dollar.

Japan’s benchmark Nikkei slid 3.3 percent (12,433), reversing gains earlier in the week.

The U.S. dollar hit a 12-year low against the yen. It also hit a record low against the euro despite a central bank effort to pump money into the strained credit markets.

In Japan, a stalemate continued over the next likely head of the nation’s central bank.

Lead candidate Toshiro Muto won the lower house parliamentary vote, but this did not clarify if he would be able to take the vacant position. Muto was rejected by the upper house on Wednesday, and opposition lawmakers have objected to Muto because of his past position in the Ministry of Finance, which they say could compromise the independence of the central bank.

Japan’s Cabinet Secretary General says there may be other candidates.

[Nobutaka Machimura, Japanese Cabinet Secretary General]:
“We have the option of re-nominating Muto for the post but of course we also have other options too. Right now all I can say is that Prime Minister uda has yet to make a decision. ”

China shares were among the worst perfomers in the region. Worries persisted over possible further interest rate hikes to cool the nation’s ballooning inflation.

Sinopec was among the biggest losers. Sky high oil prices hurt the oil refiner, along with weak demand for China shares. The Shanghai index lost 2.4 percent, and Hong Kong’s Hang Seng index lost a whopping 4.8 percent.

It was a disappointing day for investors across the region. In a reversal from yesterday, the KOSPI, TAIEX and S&P/ASX200 all lost more than 2 percent.

Duration : 0:2:6

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Technorati Tags: asia, dollar, Economy, Falls, finance, Flounders, market, report, shares, stock