Arab Today, arab today asian shares mostly higher on g8 china comments
Last Updated : GMT 11:39:24
Arab Today, arab today
Arab Today, arab today

Asian shares mostly higher on G8, China comments

Arab Today, arab today

Arab Today, arab today Asian shares mostly higher on G8, China comments

Hong Kong - AFP

Asian markets were mostly higher on Monday after huge losses last week, with traders taking some heart from a statement by Group of Eight leaders saying they wanted Greece to remain in the eurozone. The euro bounced back from four-month lows against the dollar after the G8 summit. But Hong Kong stocks fell, with the market\'s largest constituent HSBC down on to its exposure to the eurozone crisis. Tokyo gained 0.26 percent, or 22.58 points, to end at 8,633.89, Sydney rose 0.67 percent, or 27.1 points, to 4,073.6 and Seoul closed 0.94 percent higher, adding 16.67 points to 1,799.13. Shanghai added 0.16 percent, or 3.78 points, to 2,348.30 but Hong Kong slipped 0.16 percent, or 29.53 points, to 18,922.32. The G8 leaders, meeting at the US president\'s retreat at Camp David on Saturday, said they wanted Athens to stay part of the currency union and urged it to stick to bailout terms. However, the talks highlighted differences on whether to pursue more belt-tightening or pro-growth measures, meaning they could not come up with an agreement on how to deal with the growing eurozone crisis. Global markets have been sent into a spin since May 6 polls in Greece and France that saw voters overwhelmingly back anti-austerity parties. Another election has been called for next month in Greece after several attempts to form a coalition government failed. German Finance Minister Wolfgang Schaeuble said the June 17 poll will see Greeks not only electing lawmakers but voting on whether their country stays in the eurozone. \"Europe is ready to help the Greek people... But Europeans can\'t do the work that Greece must do, that depends on the Greeks,\" he told the Sunday edition of Greek daily Kathimerini. On currency markets the euro strengthened to US$1.2779 in early European trade, from US$1.2773 in New York late Friday. The unit on Friday hit a four-month low of US$1.2642 on deepening worries about the eurozone. On Monday, the euro also rose to 101.40 yen from 100.94 yen, while the dollar advanced to 79.40 yen from 78.95 yen. Hong Kong\'s fall came despite comments Sunday from Chinese Premier Wen Jiabao hinting at more monetary easing in the world\'s number two economy, following a string of weak data pointing to a sharper slowdown. HSBC led the Hang Seng index lower, falling 1.0 percent, while Internet blue-chip Tencent lost 3.4 percent after Facebook\'s lacklustre stock market debut on Friday. Oil prices advanced. New York\'s main contract, West Texas Intermediate crude for delivery in June, was up 71 cents at US$92.19 per barrel while Brent North Sea crude for July gained 91 cents to US$108.05 in the late afternoon. Gold was worth US$1,596.40 an ounce at 1020 GMT, compared with US$1,589.90 late Friday. In other markets, Singapore closed up 0.40 percent, or 11.06 points, at 2,790.16; Taipei added 0.57 percent, or 41.04 points, to end at 7,192.23; Manila closed 1.53 percent, or 74.58 points, up at 4,954.00; Jakarta slipped 1.01 percent, or 40.39 points, to 3,940.11; Kuala Lumpur rose 0.42 percent, or 6.45 points, to 1,538.91; Bangkok closed 1.67 percent lower, giving up 19.28 points to 1,135.16; and Mumbai closed 0.19 percent, or 30.51 points, higher at 16,183.26.

arabstoday
arabstoday

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 shares mostly higher on g8 china comments Arab Today, arab today asian shares mostly higher on g8 china comments

 



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 shares mostly higher on g8 china comments Arab Today, arab today asian shares mostly higher on g8 china comments

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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