Mumbai: The Sensex staged nice performance on the first day of last week of the year 2011, shooting up over 200 points amid low volumes. Telecom, technology, banks, FMCG and capital goods were major sectors that led the rally. Positive macro data and congress move from the US too lifted the confidence of Indian equities on Monday. The Sensex tried to hit the 16000 mark but all its attempts failed....
09:06 AM, Dec 26, 2011
Bangkok: Setbacks in Europe's efforts to isolate a debt crisis before it blows up into an all-out recession sent Asian stock markets tumbling on Thursday. Japan's Nikkei 225 index fell 2.1 per cent to 8,569.79 while Hong Kong's Hang Seng index plummeted 4.1 per cent to 19,189.30. South Korea's Kospi dropped 2.6 per cent to 1,858.58 and Australia's S&P ASX 200 lost 2.7 per cent to 4,230.80. The losses in...
08:03 AM, Nov 10, 2011
Tokyo: Asian shares rose and the euro steadied on Wednesday after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms to contain the euro zone's sovereign debt crisis from spreading. MSCI's broadest index of Asia Pacific shares outside Japan rose 0.8 per cent, while Japan's Nikkei stock average opened up 0.8 per cent. The euro held firm early in Asia as...
08:04 AM, Nov 09, 2011
Tokyo: Asian shares struggled on Monday, with investors still nervous despite the formation of a new Greek unity government intent on avoiding imminent debt default. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.1 per cent, while Japan's Nikkei stock average .N225 fell 0.5 per cent. US stock index futures opened higher after Greek Prime Minister George Papandreou and opposition leader Antonis Samaras agreed on a new...
07:56 AM, Nov 07, 2011
Tokyo: The Nikkei share average fell more than 2 per cent on Wednesday to a three-week low on resurgent fears over the euro zone's debt woes, after Greece's surprise call for a referendum threatened to scupper a bailout plan aimed at containing the crisis. Some investors also sold to square positions ahead of a Japanese public holiday on Thursday. "With so much uncertainty surrounding Europe now, some investors think it's...
08:02 AM, Nov 03, 2011
Tokyo: Japan's Nikkei share average fell on Tuesday after the failure of US trading firm MF Global Holdings and fresh worries about Europe raised concerns on the global economic outlook, prompting profit-taking. Panasonic skidded 3.8 per cent after it said on Monday that it expects to post an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as it cut unprofitable businesses deeper and faster...
08:24 AM, Nov 01, 2011
Bangkok: Asian stock markets headed upward on Tuesday, with investors emboldened by reports that Germany and France were moving closer toward resolving Europe's debt crisis. Japan's Nikkei 225 index rose 0.6 per cent to 8,789.83 and Hong Kong's Hang Seng index was 0.8 per cent higher at 18,215.17. South Korea's Kospi was 0.1 per cent lower at 1,837.11. Benchmarks in Singapore, Australia and the Philippines were higher. Those in mainland...
08:20 AM, Oct 19, 2011
Tokyo: Japan's Nikkei share average fell more than 1 per cent on Tuesday from a six-week high hit the previous day on concerns that Europe's solution to its debt crisis may not be as fast and comprehensive as some had hoped for. Shares in Olympus , tumbled for a third day and have lost 41 per cent since its shock dismissal of its CEO, with the camera and endoscope maker...
08:27 AM, Oct 18, 2011
Tokyo: The Nikkei stock average rose to a six-week high on Monday, tracking US gains on earnings hopes and on expectations that Europe will come up with a plan to contain its debt crisis. Shares of Olympus plunged 22 per cent, extending deep losses on Friday after the company's British former chief executive said in a Financial Times interview he was fired for probing payments relating to acquisitions made by...
08:15 AM, Oct 17, 2011
Tokyo: Japan's Nikkei stock average rose to a four-week high on Thursday on hopes that Europe will come up with actual measures to support Greece and shore up European banks. Shares of major exporters such as Sony Corp, which were sold off during the market downturn until earlier this month on worries about the global economy, rose sharply as players bought them back on tentative signs of progress in the...
08:48 AM, Oct 13, 2011
Tokyo: The Nikkei share average jumped to a three-week high on Tuesday after Germany and France pledged to deliver a plan to protect banks by the end of month, easing fears that Greece's debt troubles could wreak havoc on the global financial system. Still, many market players doubt that Nikkei has much room for further gains in the near-term, given doubts that the euro zone policymakers will be able to...
08:40 AM, Oct 11, 2011
Bangkok: Asian stocks were mixed Friday following a choppy session on Wall Street as investors struggled to make sense of conflicting reports on the health of the US economy. Japan's Nikkei 225 index rose 0.3 per cent to 8,723.12. Australia's S&P/ASX 200 index fell 0.5 per cent to 3,990.10. Hong Kong's Hang Seng fell 1.7 per cent to 17,711.95 and South Korea's Kospi dipped 0.6 per cent to 1,759.60. Benchmarks...
08:46 AM, Sep 30, 2011
Singapore: Asian shares and commodities fell on Thursday on growing worries that Europe's intractable debt problems will plunge the world economy into a second global financial crisis. Copper fell below $ 7,000 a tonne, gold slipped below $ 1,600 an ounce to stand more than $ 300 below its record high earlier this month, and commodities-related stocks were dumped. The past week has seen a broad selloff of commodities, equities...
07:38 AM, Sep 29, 2011
Mumbai: The market snapped four-day losing streak on Tuesday after rallying 500 points intra-day, aided by strong global support and short covering in the most beaten down stocks. Expectation of a well co-ordinated bailout plan for Europe triggered a rally across globe. The 30-share BSE Sensex shot up 472.93 points or 2.95 per cent, to close at 16,524.03 and the 50-share NSE Nifty rose 135.85 points or 2.81 per cent,...
09:37 AM, Sep 27, 2011
Singapore: Asian shares rose on Tuesday on hopes that euro zone officials will act to corral Greece's debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains. After three sessions of wild swings on commodities markets, oil and copper rose, but gold fell further to stand about $ 300 below the record of more than $ 1,920 an ounce it scaled...
07:40 AM, Sep 27, 2011
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