Category Archives: Asia-Pacific

Asian markets cautious as dollar continues retreat

Markets around Asia are trading cautiously as Wall Street and the US dollar weakened overnight and the price of oil has pulled back. Eyeing a possible third straight day of declines, the US dollar index is 0.1 per cent lower at 101.21 in Asian trade and facing its longest losing streak since the start of this month. The US dollar…

Stronger yen, fall in oil weigh on Asian stocks

Stock markets in Asia were mixed on Monday, with a stronger yen in response to a weaker dollar putting Japanese shares under pressure and jeopardising their lengthy winning streak. Strength in the yen – and other currencies – is as much a function of dollar weakness as anything else, but the Japanese unit grabs the headline today for the size…

Asia equities subdued as US pauses for Thanksgiving

Friday 2.25am GMT. Overview Equities markets across Asia were mostly higher in a session kept subdued by Wall Street’s Thanksgiving holiday on Thursday. The US dollar continues to climb, though, most notably pushing the yen to its weakest level in eight months. Standout story Japan is still the main news in Asia on Friday. Continued strength in the US dollar…

Japan stocks boosted by sliding yen, mild gains for other Asian markets

Equities markets around Asia are mostly higher on Friday in a session kept subdued by Wall Street taking a holiday overnight for Thanksgiving. The US dollar continues to climb, though, most notably pushing the yen to its weakest level in eight months. Japan is still the standout story in Asia today. Continued strength in the US dollar is keeping the…

Asia markets cautious amid renewed dollar strength

Thursday 2.30am GMT Overview Asian markets outside Japan are treading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and triggered another bout of dollar strength. Standout Japan was at the centre of the action on Thursday by way of news from the US. A solid rise in…

Currencies weaker as dollar stays strong, Japan stocks higher

Asian markets outside Japan are treading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and triggered another bout of dollar strength. Japan is at the centre of the action today by way of news from the US. A solid rise in US durable goods orders and minutes…

Equities continue climb, ringgit slides ahead of policy meeting

Asian equities continue to rally on Wednesday after Wall Street notched up another set of record highs overnight, while the US dollar is trading flat. The Dow Jones Industrial Average deserves a mention for closing above 19,000 points for the first time, while its peer US stock indices again closed at record highs. Monday was the first time since 1999…

Short-sellers take aim at two Hong Kong listed groups

Two fresh attacks by short-sellers on Hong Kong-listed stocks are testing the city’s efforts to limit companies’ ability to halt their shares from trading without answering allegations. On Wednesday CT Environmental Group requested a trading halt after the publication of a critique by Glaucus Research sent its shares down 18.1 per cent within minutes. The Chinese waste water manager asked…

Sentiment in Asia boosted by Wall Street records

Simultaneous record highs for Wall Street’s main equities gauges and higher oil prices have Asian markets in a good mood on Tuesday. On Monday, the Dow Jones Industrial Average, S&P 500, Nasdaq Composite and small-cap focused Russell 2000 all closed at record highs for the first time since December 31 1999, according to Financial Times analysis of daily Bloomberg data….

Emerging market profit margins start to recover

Emerging market companies are starting to close the profitability gap with their developed market counterparts, after six years of relative deterioration. Back in 2010, EM profit margins were comfortably ahead of those in the developed world, based on 12-months forward earnings forecasts and weighted according to the MSCI equity indices. However, a subsequent sharp slump in emerging market corporate profitability…