Stock Markets

Asian markets rise modestly after Wall Street’s sharp gains

SEOUL, Korea, Republic Of — Most Asian markets staged modest gains on Wednesday after overnight gains on Wall Street as geopolitical risks and turmoil at the White House that have dented investor sentiment in the past few weeks abated while investors eyed an annual gathering of central bankers. KEEPING SCORE: Japan’s Nikkei 225 gained 0.3 …

Asian stocks mixed after Wall Street gains

BEIJING— Asian stock markets were mixed Tuesday after Wall Street gained as investors looked ahead to this week’s gathering of central bankers in Jackson Hole, Wyoming. KEEPING SCORE: Hong Kong’s Hang Seng index gained 1 per cent to 27,421.58 points and Seoul’s Kospi added 0.3 per cent to 2,362.40. The Shanghai Composite Index lost 0.1 …

Credit Suisse ups ’17 GDP forecast for PH

MANILA— Credit Suisse upgraded its 2017 growth forecast for the Philippines to 6.1 percent from six percent after the better-than-expected growth in the second quarter of the year. This growth forecast is still lower than the government’s 6.5-7.5 percent growth target for the year. The Philippine Statistics Authority (PSA) earlier reported a 6.5 percent output, …

Asian shares mixed ahead of Korean drills, banker meeting

HONG KONG — Asian stocks were mixed Monday as investors monitored joint military drills between U.S. and South Korean forces and awaited a key meeting of central bankers later this week. KEEPING SCORE: Japan’s benchmark Nikkei 225 index lost 0.4 per cent to 19,384.64 and South Korea’s Kospi dipped 0.2 per cent to 2,354.28. Hong …

Asian stocks rise after Koreas, US make diplomatic overtures

TOKYO— Asian shares rose Tuesday as both Koreas and the U.S. appeared to indicate a willingness to defuse the crisis over Pyongyang’s nuclear program. A rally on Wall Street fueled by gains in technology shares also helped. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 1.1 per cent to 19,753.31. Australia’s S&P/ASX 200 added 0.5 per …

World shares rebound as North Korea related selling abates

TOKYO — Stock markets rebounded in Europe and Asia on Monday after last week’s selling sparked by tensions between the U.S. and North Korea. News that Japan’s economy expanded at a better-than-expected 4.0 per cent annual pace in April-June failed to lift Tokyo’s Nikkei 225 benchmark, which sank as the yen stayed firm against the …

Asian markets climb on momentum from upbeat US jobs report

TOKYO— Shares rose Monday in Asia after last week’s report of strong gains in U.S. payrolls. Japan’s Nikkei 225 index climbed 0.5 per cent to 20,055.89 as the yen slipped slightly against the U.S. dollar. A weaker yen enhances the overseas earnings of manufacturers when they are brought back to Japan. KEEPING SCORE: Hong Kong’s …

Volkswagen earnings rise in stronger European economy

FRANKFURT — Volkswagen’s profits rose in the first half of the year as the German carmaker benefited from increased sales in a growing European economy and it moved past one-time costs for its diesel emissions scandal in the U.S. After-tax profit rose to 6.6 billion euros ($7.7 billion) from 3.6 billion euros in the same …

Industrial companies lead US stock indexes mostly higher

Wall Street closed out the final day of the second quarter with slight gains after a broad rally faded in the last few minutes of trading Friday. The Dow Jones industrial average and the Standard & Poor’s 500 index eked out tiny gains, while the Nasdaq composite closed essentially flat. Industrial stocks and consumer-focused companies …

Chinese yuan strengthens to 6.807 against USD Friday

BEIJING, June 2 — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 basis points to 6.807 against the US dollar Friday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central …

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