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 [...]
Market Report – Asia Shares Cut Losses
June 28, 2010 By Leave a Comment
ANCHOR: Seoul shares ended lower after volatile trading today, led by automakers and some banks, with the positive impact of news of a US 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 [...]
Market Report – Asia Shares Cut Losses
November 27, 2008 By Leave a Comment
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 [...]
Market Report – Asia Shares Cut Losses
November 27, 2008 By Leave a Comment
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 [...]
Market Report – Asia Stocks Tumble After GE Fall
November 23, 2008 By Leave a Comment
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 [...]
Market Report – Asia Stocks Up
November 19, 2008 By Leave a Comment
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 [...]
Market Report Asia Stocks Nosedive
November 17, 2008 By Leave a Comment
WONG: And now to the market report Upheaval on Wall Street hammered shares across the region on Tuesday. Investors digested the news of Lehman Brothers filing for bankruptcy and Bank of America buying Merrill Lynch. Martin Hennecke advises private clients for Tyche and says… [Marten Hennecke, Tyche]: “Definitely there’s huge investor uncertainty. I mean for [...]
Market Report Asian Stocks Climb
November 17, 2008 By Leave a Comment
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 [...]
Market Report – Asian Shares Lower
November 17, 2008 By Leave a Comment
ZHANG: Japan’s Nikkei opened down today. Investors moved to lock in their profits after three days of big gains ahead of the Bank of Japan’s decision on interest rates. Japan’s central bank is expected to join the wave of global rate cuts. Japan may lower its already rock-bottom interest rates for the first time in [...]
Market Report: Asia shares swing
November 17, 2008 By Leave a Comment
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 [...]