Arab Today, arab today asian shares mostly up after wall street gains
Last Updated : GMT 16:50:38
Arab Today, arab today
Arab Today, arab today

Asian shares mostly up after Wall Street gains

Arab Today, arab today

Arab Today, arab today Asian shares mostly up after Wall Street gains

Hong Kong and Shanghai markets
Hong Kong - AFP

Asian markets mostly rose Monday after Wall Street's gains at the end of last week, while Hong Kong and Shanghai were boosted by hopes for more Chinese economic stimulus.
The euro edged down against the dollar and yen at the beginning of a week of key events, including Greece's bailout reform proposals and the release of US jobs data, which will be pored over for clues about the Federal Reserve's plans for interest rates.
Tokyo rose 0.65 percent, or 125.77 points, to 19,411.40, with investors brushing off news that Japanese factory output had fallen by more than expected in February.
Shanghai surged 2.59 percent, or 95.47 points, to 3,786.57 -- its highest close since March 2008 -- while Hong Kong finished up 1.51 percent, or 368.92 points, at 24,855.12.
Seoul ended 0.51 percent higher, adding 10.24 points to 2,030.04.
However, Sydney dropped 1.25 percent, or 73.8 points, to close at 5,846.1 owing to weak commodity prices.
Investors took their cue from New York, where a four-day losing streak came to an end Friday despite figures showing the US economy grew at a slower pace than some expected in the last three months of 2014.
The Commerce Department said growth came in at an annual rate of 2.2 percent in October-December, less than the 2.4 percent projected by analysts but unchanged from the prior estimate.
The Dow added 0.19 percent, the S&P 500 rose 0.24 percent and the Nasdaq gained 0.57 percent.
Asian buying was also supported Monday by comments from the head of the People's Bank of China suggesting it could announce further monetary easing measures to boost the economy.
- Deflation fears -
Zhou Xiaochuan told the Boao Forum for Asia that "we need to be vigilant to see if the disinflation trend will continue, and if deflation will happen or not", according to Bloomberg News.
He added that "China can have room to act," both with interest rates and "quantitative" measures.
The bank has already cut interest rates twice since November and reduced the amount of cash lenders must keep in reserve.
Premier Li Keqiang has previously said the government had enough firepower to protect the economy if it continues to slow too quickly. Growth in 2014 came in at its slowest pace in almost a quarter of a century.
On currency markets the dollar was at 119.79 yen compared with 119.14 yen in New York late Friday.
The euro bought $1.0835 and 129.79 yen against $1.0890 and 129.74 yen in US trade.
Traders are now waiting to see what sort of plan Greece's anti-austerity government puts forward to its creditors to reform its bailout terms.
Greek Prime Minister Alexis Tsipras said he hoped talks with creditors would yield a "happy ending" as he looks to unblock a new 7.2 billion-euro ($7.8-billion) tranche of crucial loans and avoid a debt default.
The week ends with the release of US non-farm payrolls data. Another strong showing will likely refuel talk of an interest rate rise by the Fed.
Oil prices edged lower after sinking on Friday owing to easing concerns about the impact of the unrest in Yemen. US benchmark West Texas Intermediate fell 84 cents to $48.03 and Brent eased 83 cents to $55.58 in afternoon trade.
Gold fetched $1,185.40 against $1,198.77 late Friday.
In other markets:
-- Taipei rose 0.19 percent, or 18.15 points, to 9,521.87.
Hon Hai Precision Industry gained 1.08 percent to Tw$94.0, while leading microchip design house MediaTek was 0.24 percent higher at Tw$418.0.
-- Wellington eased 0.56 percent, or 32.96 points, to 5,821.29.
Fletcher Building dropped 1.06 percent to NZ$1.44 but Air New Zealand rose 1.69 percent to NZ$2.71.
-- Manila ended 0.27 percent, or 21.45 points, higher at 7,899.41.
Philippine Long Distance Telephone Co. was unchanged at 2,830 pesos while Universal Robina gained 1.90 percent to 225.40 pesos.
-- Bangkok edged up 0.09 percent, or 1.29 points, to 1,496.51.
Airports of Thailand fell 4.44 percent to 280.00 baht, while Siam City Cement soared 5.31 percent to 377.00 baht.
-- Kuala Lumpur gained 0.47 percent, or 8.46 points, to 1,821.83.
Telekom Malaysia added 2.09 percent to 7.31 ringgit, Tenaga Nasional rose 0.85 percent to 14.32 while Sime Darby fell 0.32 percent to 9.27 ringgit.
-- Singapore rose 0.12 percent, or 4.16 points, to 3,454.26.
DBS Bank gained 0.30 percent to Sg$20.38 while real estate developer Capitaland was up 1.39 percent to Sg$3.65.  
-- Jakarta rose 0.77 percent, or 41.80 points, to 5,438.66.
State-owned lender Bank Tabungan Negara rose 0.41 percent to 1,225 rupiah, while cement maker Indocement fell 0.23 percent to 21,500 rupiah.
-- Mumbai gained 1.88 percent, or 517.22 points, to end at 27,975.86 points.
Telecoms firm Bharti Airtel rose 3.55 percent to 389.55 rupees, while aluminium company Hindalco Industries rose 1.61 percent to 131.40 rupees.

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 up after wall street gains Arab Today, arab today asian shares mostly up after wall street gains

 



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 up after wall street gains Arab Today, arab today asian shares mostly up after wall street gains

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
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 police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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