Arab Today, arab today asian markets take breather
Last Updated : GMT 16:37:24
Arab Today, arab today
Arab Today, arab today

After Fed-fuelled rally

Asian markets take breather

Arab Today, arab today

Arab Today, arab today Asian markets take breather

Tokyo stocks lost 0.7 percent on March 31, 2016
Hong Kong - Arab Today

Asian stock markets ended a volatile first quarter on a cautious note Thursday, as upbeat sentiment fuelled by the prospect of lower US borrowing costs was offset by profit-taking after recent gains.

Shanghai and Tokyo were the two worst performers among major global indexes over the past three months, despite a March rally.

Wall Street provided a strong lead Thursday with another healthy advance on all three main indexes, but traders remained wary and some took profits a day before the release of key data from China and the United States.

World markets soared after Federal Reserve chief Janet Yellen said on Tuesday the bank was unlikely to raise interest rates in the first half of this year, citing ongoing concerns about the slow global economy.
"A lot of the recent rebound has been down to the Fed back-tracking on rate hikes," Mark Lister, head of private wealth research at Craigs Investment Partners in Wellington, told Bloomberg News.

"We've seen a big rally but there are still some genuine worries out there. Markets had been overpricing some of the risks, whereas now they're probably underpricing them."

Shanghai and Tokyo led world markets lower in the first three months of the year, weighed down by China's economic woes and plunging oil prices. Japan's Nikkei ended the quarter 12 percent down while Shanghai lost around 15 percent.

Most regional bourses ended the quarter in the red, although March saw some much-needed gains as central banks unveiled monetary easing measures.

On Thursday, Tokyo lost 0.7 percent, while Shanghai eked out a 0.1 percent gain.

Elsewhere, Hong Kong finished 0.1 percent lower, while Singapore lost 1.3 percent and Seoul finished down 0.3 percent. However, Sydney closed 1.5 percent higher.

- China's Wanda soars -

In early trade London and Frankfurt dipped 0.5 percent, while Paris shed 0.6 percent.

Investors will now be watching out for China's March manufacturing activity, released Friday, for the latest snapshot of the mainland economy. That is followed by official US jobs figures later in the day.

In Hong Kong, Chinese firm Dalian Wanda Commercial Properties soared 20 percent after its parent firm said it was considering buying all its shares back -- just 16 months after listing.

Billionaire Wang Jianlin, who owns Dalian Wanda Group, is looking to buy the firm back for HK$48 a share, the price it listed, marking a 24 percent premium to its Wednesday close.

Analysts say he has likely become disillusioned with its performance.

The firm's stock has tumbled since listing as China's property market has been hammered by a slowdown in the world's number two economy.

In currency trade, the dollar retreated against most emerging units as the prospect of low US interest rates boosts demand for higher-yielding assets.

The South Korean won added 0.7 percent and the Malaysian ringgit gained 0.5 percent, while the Taiwan and Singapore dollars were also up.

- Key figures around 0810 GMT -

Tokyo - Nikkei 225: DOWN 0.7 percent at 16,758.67 (close)

Shanghai - Composite: UP 0.1 percent at 3,003.92 (close)

Hong Kong - Hang Seng: DOWN 0.1 percent at 20,776.70 (close)

London - FTSE 100: DOWN 0.5 percent at 6,172.81

Euro/dollar: DOWN at $1.1329 from $1.1337 on Wednesday  

Dollar/yen: DOWN at 112.42 yen from 112.44 yen

New York - Dow: UP 0.5 percent at 17,716.66 (close)
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian markets take breather Arab Today, arab today asian markets take breather

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday