Hong Kong shares slump to 7-month low ahead of Dragon Boat holiday
Jun 11, 2013 at 17:16 | Source:
HONG KONG: Hong Kong shares ended at a seven-month low in weak trade on Tuesday, breaking below chart support, as investors exited some high-yielding stocks such as local property developers ahead of the Dragon Boat Festival holiday. A fresh spike in...
Reality meets Jim Chanos’s China call
May 16, 2013 at 17:52 | Source:
Jim Chanos has been famously bearish on China for several years now. While Chinese stocks have underperformed during that time, their markets have not outright collapsed. Recently, Chanos pointed out that credit and capital issues in China have gott...
Asia stocks mixed after China inflation report
May 09, 2013 at 12:00 | Source:
BANGKOK (AP) — Asian stock markets were mixed Thursday, as investors weighed an interest rate cut in South Korea against rising inflation in China. South Korea's Kospi index jumped 1.2 percent to 1,972.70 after the Bank of Korea lowered its...
China inflation slows in March
Apr 12, 2013 at 15:42 | Source:
Consumer prices ruled lower than expected last month in China as the unappetising and widely televised spectacle of thousands of dead pigs floating upstream from Shanghai led to a sharp drop in prices. According to the National Bureau of Statistics,...
Stocks Rise After China Inflation Slows; Yen, Euro Gain
Apr 09, 2013 at 22:00 | Source:
Global stocks rose for a second day and industrial metals rallied as Chinese inflation slowed more than forecast, reducing pressure on policy makers to tighten credit. The yen rebounded after a three-day slump took it to the brink of 100 per dollar f...
Europe stocks struggle to push higher, Alcoa eyed
Apr 09, 2013 at 20:42 | Source:
LONDON (MarketWatch) — European stock markets battled to stay in positive territory in afternoon trade on Tuesday, as investors eyed market action in the U.S. where stocks wavered around the flat line. The indecisive market open in the U.S. came a...
Stocks, Metals Rise as China Inflation Slows; Yen Gains
Apr 09, 2013 at 16:00 | Source:
Stocks (MXAP) and commodities rose for a second day as Chinese inflation slowed more than forecast. The yen rebounded after a three-day slump took it to the brink of 100 per dollar for the first time since 2009. The MSCI All-Country World Index (MXWD...
Asia stocks rise on China inflation, Alcoa results
Apr 09, 2013 at 09:27 | Source:
HONG KONG (MarketWatch) — Most Asian markets advanced Tuesday to cheer benign inflation data from China and a solid start to the U.S. earnings season, with Japanese stocks on course for a fifth straight day of gains as the U.S. dollar edged closer...
China factories gather pace in March: HSBC
Mar 21, 2013 at 08:57 | Source:
HONG KONG (MarketWatch) — Business conditions for Chinese manufacturers saw further improvement in March after nearly leveling off in the previous month, according to preliminary data released Thursday by HSBC. The so-called flash manufacturing Pu...
Oil tops $92 after late-session turn higher
Mar 12, 2013 at 07:42 | Source:
SAN FRANCISCO (MarketWatch) — Oil futures staged a late-session turnaround Monday, scoring a minor gain to finish above $92 a barrel, as support from a weaker dollar and rising U.S. equities offset some concerns over demand following a weak round ...
Dollar pulls backs from payrolls-fueled surge
Mar 12, 2013 at 07:12 | Source:
LOS ANGELES (MarketWatch) — The dollar weakened versus most major rivals Monday as traders questioned whether a rally following strong U.S. jobs data at the end of last week was somewhat overdone. The ICE dollar index (NYE:DXY) , which measures th...
U.S. stocks rise; S&P 500 nears record
Mar 12, 2013 at 01:11 | Source:
NEW YORK (MarketWatch) — U.S. stocks recouped Monday declines, with the financial sector paving the way, lifting the S&P 500 closer to a record and the Dow industrials in position to chalk up another one. Shares of Genworth Financial Inc. (NYSE:GN...
U.S. stocks waver after Chinese data
Mar 11, 2013 at 21:11 | Source:
NEW YORK (MarketWatch) — U.S. stocks on Monday wavered between small gains and losses after last week’s record high for the Dow Jones Industrial Average and as Chinese data disappointed. The Dow industrials (DJI:DJIA) rose 8.65 points, or 0.1%...
Oil futures edge lower on profit taking
Mar 11, 2013 at 19:51 | Source:
FRANKFURT (MarketWatch) — Oil futures edged lower Monday, ticking down on apparent profit taking after a weak round of Chinese economic data blunted optimism over the potential for world growth stoked by last week’s unexpectedly strong February ...
Asia stocks mostly higher, Japan leads
Mar 11, 2013 at 17:12 | Source:
SYDNEY (MarketWatch) — Asia stocks traded mostly higher Monday as investors reacted to U.S. and Chinese data, with Tokyo managing outperform the rest of the region on further weakness for the Japanese yen. Japan’s Nikkei Stock Average (TYO:JP:10...
London stocks lower with banks off on new rules
Mar 11, 2013 at 17:12 | Source:
MADRID (MarketWatch) — London stocks struggled for direction on Monday with banks under pressure and some miners also losing ground after a batch of wobbly Chinese economic data. The FTSE 100 index (FTI:UK:UKX) was flat at 6,482.28, with decliners...
Europe stocks lower on Italy downgrade, China data
Mar 11, 2013 at 15:32 | Source:
MADRID (MarketWatch) — Stocks in Europe pulled lower on Monday as investors took in Chinese data that gave off some weaker economic signals, while a downgrade for Italy at the end of last week weighed on peripheral markets. The Stoxx Europe 600 in...
China inflation rate hits 10-month high in February
Mar 11, 2013 at 11:57 | Source:
China's inflation rate hit a 10-month high in February, as Lunar New Year festivities drove up food prices. Consumer prices rose 3.2% from a year earlier, with food prices up by 6%. Inflation has been a hot political issue in China. There have b...
Why China fears currency wars
Mar 11, 2013 at 11:57 | Source:
HONG KONG (MarketWatch) — China was never likely to receive much sympathy by complaining about other countries engaging in so-called currency wars. If there is a modern mercantilist blueprint Beijing surely wrote it — its longstanding dollar peg...
Japanese stocks lead modest gains in Asia
Mar 11, 2013 at 09:17 | Source:
SYDNEY (MarketWatch) — Asia stocks traded mostly higher Monday, though only Tokyo saw significant gains, as investors reacted to U.S. and Chinese data, along with further weakness for the Japanese yen. Japan’s Nikkei Stock Average (TYO:JP:100000...