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Asia Pacific Market: Stocks end mixed
Jan 18,2017

Asia Pacific share market closed mixed on Wednesday, 18 January 2017, after recouping early losses on tracking weak lead from Wall Street and European markets overnight.

Investors digested U.S. President-elect Donald Trumps remarks on the U.S. dollar and British Prime Minister Theresa Mays statement that her country will leave the European single market when it quits the European Union.

On Wall Street, stocks closed lower on Wednesday after the long holiday weekend following British Prime Minister Theresa Mays Brexit speech in which she said the U.K. will not seek to hold on to bits of EU membership. May also said Britain will not seek to remain in the single market, as it would mean not leaving the EU at all. The Dow fell 58.96 points or 0.3% to 19,826.77, the Nasdaq slid 35.39 points or 0.6% to 5,538.73 and the S&P 500 dipped 6.75 points or 0.3% to 2,267.89.

The major European markets also moved lower on Tuesday. While the U.K.s FTSE 100 Index tumbled by 1.5%, the French CAC 40 Index fell by 0.5% and the German DAX Index edged down by 0.1%.

Among Asian bourses

Australia Market ends down for second day

Australian share market ended down for second straight session, on tracking weak lead from Wall Street and European markets overnight, Most sectors lost ground, with shares in the Healthcare, Financials and Consumer Discretionary sectors leading losses. At the closing bell, the benchmark S&P/ASX 200 index declined 20.60 points, or 0.36%, to 5678.80, while the broader All Ordinaries index dropped 21 points, or 0.36%, to close at 5733.70.

Shares of healthcare sector underperformed the most after Trump told the Washington Post that he would target companies over drug pricing and would replace Obamacare with a plan that would envisage insurance for everybody. U.S.-exposed ResMed Inc dropped 3% to A$8.37, while CSL declined 1.1% to A$99.12.

Shares of financial sector also trapped with selloff pressure, with the big four banks driving the losses. Among major banks, Australia & New Zealand Banking Group declined 1% to A$30.11, Westpac 1% to A$32.43, National Australia Bank 0.7% to A$30.58, and Commonwealth Bank of Australia 0.8% to A$82.66.

Japan Stocks settle higher after volatile ride

The Japan share market settled higher after wavering above and below break-even throughout the day, thanks to bargain hunting and yen decent against major currencies. But market gained capped on caution ahead of the new presidents inauguration later this week as uncertainty continues to swirl around Mr. Trumps plans for taxes and spending. The benchmark Nikkei gained 0.43%, or 80.84 points, to end the day at 18,894.37, while the Topix index of all first-section issues rose 0.32%, or 4.76 points, to 1,513.86.

Export-related stocks benefited from the yen retreat against the dollar. The dollar was trading at 113.25 yen Wednesday afternoon, rebounding from below 113 yen earlier in the day. A weaker yen is positive for Japanese exporters as it makes their products more competitive abroad and inflates the value of their repatriated profits. Toyota closed 0.25% higher at 6,736 yen while Sony fell 0.57% to 3,484.

Shares of banks and financials benefited from prospects of higher interest rates underperformed, as U.S. Treasury yields have trended lower in recent sessions. Mitsubishi UFJ Financial Group Inc. declined 0.5% to 711.5 yen. Mizuho Financial Group Inc. dropped 0.5% to 207.3 yen.

Steel makers and real estate developers rose, recovering somewhat from losses in recent sessions. Nippon Steel & Sumitomo Metal Corp. gained 4.9% to 2,685.5 yen. Major property developer Mitsui Fudosan Co. advanced 2.8% to 2,639.5 yen.

Industrial conglomerate Toshiba Corp. gained 2.4% to 288.4 yen after saying it was considering spinning off of its profitable semiconductor unit, a plan that could help it raise cash in response to a multibillion-dollar write-down at its nuclear power plant business.

China Stocks gain on PBOC liquidity injection

Mainland China stock market ended higher for second straight session, on the back of blue chips solid 2016 earnings projection and the central bank continued liquidity injection into the banking system as the Chinese New Year holiday approaches. Maret gains were, however, limited amid renewed weakness in small-caps and worries about Donald Trumps approach to Beijing. Sectors advanced across the board, with infrastructure stocks leading the gains. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.39% to close at 3,339.37. The Shanghai Composite Index added 0.14% to close at 3,113.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.45% to 1864.59. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 1.18% to 1,845.79 points.

Heavyweight Baoshan Iron & Steel Co Ltd added more than 1.6% after the company expects net profit in 2016 to be nearly eight times the previous years level. Baosteel and other cyclical companies involved in the production of building materials have benefitted from higher government spending on infrastructure projects and a housing market rally, which have sparked a construction boom.

Hang Seng hugs the psychologically key 23,000 level

The Hong Kong stock market ended two and half a month high. The rally on the Hong Kong bourse comes as the British Prime Minister delivered her policy speech on Brexit on Tuesday, easing mounting concerns on how she planned to exit the European Union which sent the pound soaring overnight, as well as pushing up stocks with exposure to European market. The Hang Seng Index added 1.13% or 257.29 points to close at 23,098.26. The Hang Seng China Enterprises index, or the H-share index, rose 1.04% or 100.67 points to 9,802.86. Turnover increased to HK$68.5 billion from HK$50.7 billion on Tuesday.

The pounds rebound lent support to companies with European exposure. CKH Holdings (00001) added 1.4% to HK$91.7. Cheung Kong Infrastructure, with 60% of its net profit derived from the UK, climbed 1.9% to HK$62.1. CK Property (01113) jumped 3.4% to HK$52.4 after Li Ka-shing announced on Tuesday a plan to spend HK$183.3 million buying its shares at HK$50 to HK$50.8. The repurchase plan came after Li announced on Monday that three of his firms would acquire Australian energy company Duet Group.

Morgan Stanley revised upwards its target prices for a number of banks. BOCHK (02388) jumped 3% to HK$30.4. HSBC (00005) rose 0.8% to HK$64.7. Hang Seng Bank (00011) added 2% to HK$152.7.

AAC Tech (02018) shot up 2.7% to HK$78.25 after Morgan Stanley upgraded its higher target price to HK$80. Sunny Optical (02382) soared 3.9% to HK$42.35.

MGM China (02282) said the opening date of MGM Cotai will be delayed to the second half of 2017. It dipped 2.4% to HK$14.78. Galaxy Entertainment (00027) and Wynn Macau (01128) also added 1% and 2.7% to HK$35.8 and HK$13.02.

Indian Market settles with minor gains

Key benchmark indices settled with tiny gains after a volatile session of trade amid mixed cues from the global stocks. The barometer index, the S&P BSE Sensex, rose 21.98 points or 0.08% to settle at 27,257.64. The gains of the Nifty 50 index were higher than those for the Sensex in%age terms. The Nifty 50 index gained 19 points or 0.23% to settle at 8,417. In sectoral trend, bank stocks nudged higher. Metal & mining stocks witnessed buying interest. Telecom stocks ended in red.

Among stock specific action, State Bank of India (SBI) edged higher after the bank said that it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually.

Back to key indices, earlier during the day, key indices had regained positive terrain after slipping into the red for a brief period after witnessing initial gains triggered by reports suggesting that the Central Board of Direct Taxes put in abeyance its earlier circular raising foreign investors concerns over a potential rise in tax liability under indirect transfer provisions.

Among other Asian market South Koreas KOSPI Index declined 1.33 points or 0.06% to settle at 2,070.54 in choppy trade. New Zealands benchmark S&P/NZX-50 index edged down 3.69 points or 0.05% to settle at 7,059.27. Also, Singapores Straits Times Index dipped 0.42% and Taiwans Weighted Index declined 0.13%.

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Hang Seng hugs psychologically key 23,000 level
Jan 18,2017

The Hong Kong stock market ended two and half a month high on Wednesday, 18 January 2017. The rally on the Hong Kong bourse comes as the British Prime Minister delivered her policy speech on Brexit on Tuesday, easing mounting concerns on how she planned to exit the European Union which sent the pound soaring overnight, as well as pushing up stocks with exposure to European market. The Hang Seng Index added 1.13% or 257.29 points to close at 23,098.26. The Hang Seng China Enterprises index, or the H-share index, rose 1.04% or 100.67 points to 9,802.86. Turnover increased to HK$68.5 billion from HK$50.7 billion on Tuesday.

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China Stocks gain on PBOC liquidity injection
Jan 18,2017

Mainland China stock market ended higher for second straight session on Wednesday, 18 January 2017, on the back of blue chips solid 2016 earnings projection and the central bank continued liquidity injection into the banking system as the Chinese New Year holiday approaches. Maret gains were, however, limited amid renewed weakness in small-caps and worries about Donald Trumps approach to Beijing. Sectors advanced across the board, with infrastructure stocks leading the gains. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.39% to close at 3,339.37. The Shanghai Composite Index added 0.14% to close at 3,113.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.45% to 1864.59. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 1.18% to 1,845.79 points.

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Japan Stocks settle higher after volatile ride
Jan 18,2017

The Japan share market settled higher after wavering above and below break-even throughout the day on Wednesday, 18 January 2017, thanks to bargain hunting and yen decent against major currencies. But market gained capped on caution ahead of the new presidents inauguration later this week as uncertainty continues to swirl around Mr. Trumps plans for taxes and spending. The benchmark Nikkei gained 0.43 percent, or 80.84 points, to end the day at 18,894.37, while the Topix index of all first-section issues rose 0.32 percent, or 4.76 points, to 1,513.86.

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Australia Market ends down for second day
Jan 18,2017

Australian share market ended down for second straight session on Wednesday, 18 January 2017, on tracking weak lead from Wall Street and European markets overnight, Most sectors lost ground, with shares in the Healthcare, Financials and Consumer Discretionary sectors leading losses. At the closing bell, the benchmark S&P/ASX 200 index declined 20.60 points, or 0.36%, to 5678.80, while the broader All Ordinaries index dropped 21 points, or 0.36%, to close at 5733.70.

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Asia Pacific Market: Stocks down ahead of Trump, Brexit uncertainty
Jan 17,2017

Asia Pacific share market closed mostly down on Tuesday, 17 January 2017, as investors caution ahead of a speech by UK Prime Minister Theresa May, who is expected to outline her governments Brexit strategy nd Fridays inauguration of Donald Trump as U.S. president.

Sell orders overwhelmed regional stocks ahead of a speech by British Prime Minister Theresa May later in the day on her governments plan for negotiations over its exit from the European Union, which some traders fear will see Britain lose access to the blocs single market.

May is expected to deliver a speech on her negotiation plan with the European Union (EU) once Britain triggers Article 50 of the Lisbon Treaty, which establishes a two-year negotiation period on the departure of an EU country. Her speech will reveal what London is looking for in its future relationship with the EU, although it is not expected to reveal too many details in order not to prejudice the negotiations. Still, wary investors are waiting for clues about the process and its impact on the global economy.

Overall, market activity was light due to the lack of cues from US markets, which were closed on Monday for the Martin Luther King Day holiday, and investors globally were cautious over what the new US presidency might bring once Donald Trump is inaugurated on Friday.

Among Asian bourses

Australia Market falls on caution ahead of global political events

Australian share market closed down, as investors showed caution ahead of political uncertainty in Europe and the US. All ASX sectors declined, exception being bullion sector, with financial, realty, and consumer-exposed stocks being major losers. At the closing bell, the benchmark S&P/ASX 200 index declined 49 points, or 0.85%, to 5699.40, while the broader All Ordinaries index dropped 48.30 points, or 0.83%, to close at 5754.70.

Shares of financial sector were hard hit, with the four big banks leading losses. Among major banks, Australia & New Zealand Banking Group declined 1.3% to A$30.40, Westpac 0.9% to A$32.77, National Australia Bank 1.1% to A$30.80, and Commonwealth Bank of Australia 0.9% to A$83.35.

Materials and resources shares closed lower as profit booking after iron ore pulled back from a 3-year high. Rio Tinto shed 0.8% to A$62.70 and Fortescue Metals 3.3% to A$6.13. BHP Billiton erased 0.2% to A$26.71.

Bucking the trend, higher gold prices drove the ASX gold index up, with Newcrest Mining and Northern Star Resources adding 1.6% and 2%, respectively.

Nikki falls on yen strength, British uncertainty

The Japan share market closed down for second straight session after see-sawing between gains and losses throughout the session, hurt by yen ascent against major currencies amid caution ahead of British Prime Minister Theresa Mays speech on Brexit plans due later in the global day, as well as President-elect Donald Trumps inauguration stateside at the end of the week. Every industry category on the main section lost ground, led by fishery, agriculture and forestry, real estate and construction issues. The 225-issue Nikkei Stock Average ended down 281.71 points, or 1.48%, at 18,813.53, its lowest closing level since Dec. 8. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 21.54 points, or 1.41%, lower at 1,509.10.

Stocks of Japanese exporters were hardest hit, pressure by a surge in the yen. The greenback sank to 113.40 yen from 114.04 yen on Monday. Takata extended its losses, diving 4.63% to 905 yen, after a 10% fall Monday, as the firm on Friday agreed to plead guilty to fraud and pay $1 billion to settle a deadly airbag scandal that sparked the auto industrys biggest-ever safety recall. Nintendo rose 1.65% to 23,585 yen, while Toyota fell 1.58% to 6,719 yen and Hitachi fell 1.21% to 644.4 yen. Uniqlo operator Fast Retailing, a market heavyweight, slipped 1.89% to close at 36,700 yen.

China Stocks gain on bargain hunting, PBOC liquidity injection

Mainland China stock market ended higher, powered by bottom hunting in heavily battered stocks following five-day losing streaks and the central bank liquidity injection into the banking system. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.21% to close at 3,326.36. The Shanghai Composite Index added 0.17% to close at 3,108.77. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 1.17% to 1873.02. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 2.02% to 1,867.87 points.

The Peoples Bank of China stepped up its injections as the Chinese New Year holiday approaches, when cash demand usually rises substantially. The week-long Chinese New Year holiday starts 27 January 2017 till 2 February 2017. The central bank injected CNY100 billion via seven-day reverse repos and CNY230 billion via 28-day reverse repos at its open-market operations on Tuesday. The moves resulted in a net injection of CNY270 billion at the OMO for the day, after a net addition of CNY165 billion on Monday.

The PBOCs liquidity injections indicate that the government wants to stabilize equities ahead of Lunar New Year, helping calm markets today.

Leshi Internet Information & Technology Corp surged by the 10% daily limit. Company Chairman Jia Yuetings LeEco technology empire has secured strategic investments, according to a statement released Friday.

Beijing Sinnet Technology Co. surged by its daily limit in Shenzhen after the company said in a preliminary earnings statement that its 2016 profit jumped by as much as 208% from the previous year

Hong Kong Stocks rise amid caution before Mays speech

The Hong Kong stock market ended higher in light trading, on tracking gains in Mainland China bourses. However, market upside momentum capped on caution over the likelihood of Britain pulling out of the European Unions single market and Fridays inauguration of Donald Trump as U.S. president. The move came ahead of Ms Mays speech tonight, in which she is likely to say that Britain is seeking a clean break from the EU, in remarks that are expected to provide the most significant indication yet about her governments plans. Nearly all sectors gained ground, led by industrial stocks. The Hang Seng Index added 0.54% or 122.82 points to close at 22,840.82. The Hang Seng China Enterprises index, or the H-share index, rose 0.37% or 36.10 points to 9,702.19. Turnover decreased to HK$50.7 billion from HK$56.9 billion on Monday.

HSBC (00005) and Standard Chartered (02888) rose 1.6% and 7% to HK$64.2 and HK$71.35 after Goldman Sachs raised its target prices for the banks to HK$74 and HK$66 (from HK$70 and HK$61) respectively. The research house saw lower-than-expected volatility for both banks since the Brexit outcome.

CK Property (01113) yesterday spent HK$210 million to buy back its own shares. It gained 2.2% to HK$50.7. CKH Holdings (00001) inched down 0.2% to HK$90.4. CKI Holdings (01038) fell 1% to HK$60.95. Power Assets (00006) added 0.4% to HK$72.8.

Mengniu Dairy (02319) dipped 2% to HK$14.36 after Credit Suisse downgraded its rating and target price. It was the worst blue-chip loser.

Sensex, Nifty settle with small losses

Indian benchmark indices settled with small losses after a range-bound and lackluster session of trade as lower European stocks dampened sentiment. The barometer index, the S&P BSE Sensex, declined 52.51 points or 0.19% to settle at 27,235.66. The Nifty 50 index shed 14.80 points or 0.18% to settle at 8,398. Profit booking emerged after last weeks solid surge in indices as investors maintained caution ahead of British Prime Minister Theresa Mays speech on Brexit later today, 17 January 2017.

Bank stocks were mixed. Metal & mining stocks declined. Index heavyweight Reliance Industries (RIL) dropped after the company reported small growth in profitability and drop in gross refining margin in Q3.

IT major TCS advanced after the company announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. Another software pivotal HCL Technologies edged higher after the company issued a clarification to the stock exchanges on a law suit filed against its wholly owned subsidiary HCL America Inc.

Cigarette major ITC rose on reports a foreign brokerage reiterated buy call on the stock with a target price of Rs 290 after cigarette price hike.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index added 0.4% to 2071.87. Taiwans Taiex index added 0.7% to 9354.53. Malaysias KLCI jumped 0.3% to 1663. Indonesias Jakarta Composite index fell 0.1% to 5266.94. Singapores Straits Times index shed 0.35 point to 3012.77.

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Asia Pacific Market: Stocks fall amid Hard Brexit woes
Jan 16,2017

Asia Pacific share market closed down on Monday, 16 January 2017, partly due to concerns over the impact of Britains exit from the European Union and China 2017 growth prospects following comments by the premier and official estimates suggesting slowing economic growth in big cities.

Investors risk sentiments turned downbeat after media reports that UK Prime Minister Theresa May would use a speech on Tuesday to signal plans for a n++hard Brexit.

Investors worries about a hard Brexit scenario rekindled after media reports that UK Prime Minister Theresa May would use a speech on Tuesday to signal plans for a n++hard Brexit. In her speech on Tuesday, Ms. May is expected to elaborate on the U.Ks priorities in negotiations over its exit from the European Union. Several British newspapers reported that Ms. May will emphasize that the U.K will leave the EUs single market to regain control of immigration policy.

In remarks reported by Chinas state media on Sunday, Premier Li Keqiang said Chinas economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding to uncertainty. Official estimates issued on Friday said economic growth in some of the largest cities was expected to have slowed in 2016 and would continue to decelerate in 2017.

Among Asian bourses

Australia Market climbs as miners rally

Australian share market closed higher, boosted by materials and resources stocks, thanks to rise in iron ore and base metal prices. At the closing bell, the benchmark S&P/ASX 200 index inclined 27.30 points, or 0.48%, to 5748.40, while the broader All Ordinaries index added 26.20 points, or 0.45%, to close at 5803.

Shares of financial sector showed strong positive movement, with the four big banks leading rally. Among major banks, Australia & New Zealand Banking Group added 0.4% to A$30.79, Westpac 0.5% to A$33.06, National Australia Bank 0.1% to A$31.13, and Commonwealth Bank of Australia 0.3% to A$84.09.

Materials and resources shares closed higher after iron ore futures in China soared as much as 8% to a three-year high on Monday, powered by strong gains in steel prices. Copper prices rose, extending gains from last week on the back of strong economic data from the United States and China. Rio Tinto added 1.8% to A$63.22 and Fortescue Metals 2.9% to A$6.34. BHP Billiton jumped 1.7% to A$26.77. Copper miner OZ Minerals soared as much as 3.3% to hit a 4-1/2 year high. Gold Miners Newcrest Mining rose 2.1% to A$21.60.

DUET Group rose 5.4% to finish at a more than eight year-high after it agreed to recommend an increased $5.51 billion bid from a consortium led by Cheung Kong Infrastructure Holdings.

Nikki falls on yen strength, British exit woes

The Japan share market closed down, as risk aversion selloff triggered by yen ascent to around 114 per greenback amid fresh concerns over Britains upcoming exit from the European Union. The 225-issue Nikkei average lost 192.04 points, or 1.00%, to close at 19,095.24. The Topix index of all first-section issues finished down 14.25 points, or 0.92%, at 1,530.64.

Stocks of Japanese exporters were hardest hit, with automakers Toyota, Mazda and Fuji Heavy, semiconductor-related Advantest and Tokyo Electron, and Alps Electric being major losers, after the yen strengthened against the greenback. The yens rise came as investor anxieties grew over a so-called hard Brexit, or Britains exit from the European Union with border controls prioritized over access to the EU market, following media reports that British Prime Minister Theresa May is expected to show such a policy in a speech on Tuesday. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits.

Oil companies JX Holdings, Inpex, Japan Petroleum Exploration, Showa Shell Sekiyu and TonenGeneral Sekiyu were downbeat due to a fall in New York crude oil prices on Friday.

Japan Post Holdings dived 4.9% on reports that the Japanese Ministry of Finance plans to additionally sell shares worth up to 1.4 trillion yen in the company this summer at the earliest.

Nippon Steel & Sumitomo Metal lost 4.14% after the company said Friday that it is likely to take about eight months to restart steel plate production at its steelworks in the city of Oita following a fire there on Jan. 5.

China Stocks falls for fifth day

Mainland China stock market ended down for fifth straight session, weighed down by heavy losses in small cap stocks amid anxiety over liquidity squeeze in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Risk sentiments were also downbeat on growing uncertainty about 2017 growth prospects following comments by the premier and official estimates suggesting slowing economic growth in big cities. Most of sectors lost ground, led down by properties and consumer shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, edged down 0.01% to close at 3,319.45. The Shanghai Composite Index fell 0.3% to close at 3,103.43. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 3.62% to 1851.41. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 3.64% to 1,830.85 points.

The China Securities Regulatory Commission (CSRC) approved 131 new IPOs in the last quarter of 2016, up sharply from the 28 it approved in the last three months of 2015. There were 45 IPOs on Chinas exchanges last month alone, the most since 1997.

In remarks reported by state media on Sunday, Premier Li Keqiang said Chinas economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding to uncertainty. Official estimates issued on Friday said economic growth in some of the largest cities was expected to have slowed in 2016 and would continue to decelerate in 2017.

Most sectors lost ground, led by properties and consumer shares. Nearly 100 smaller-cap stocks tumbled 10%, the maximum allowed.

Sunac China Holdings slumped 8.1% after it announced a plan to invest $2.2 billion in three companies affiliated with Chinese tech tycoon Jia Yuetings LeEco empire

Hong Kong Stocks fall on hard Brexit woes

The Hong Kong stock market ended lower, dragged down by tracking drop in Mainland China stocks and on concerns over the impact of Britains exit from the European Union. Nearly all sectors on the Hong Kong bourse lost ground, with telecommunication firms and oil majors that had rallied earlier on restructuring hopes corrected under profit-taking pressure.

The Hang Seng Index declined 0.96% or 219.23 points to close at 22,718.15. The Hang Seng China Enterprises index, or the H-share index, fell 1.24% or 121.25 points to 9,666.09. Turnover was largely unchanged from Friday at HK$56.8 billion.

Cathay Pacific (00293) put on 3% to HK$10.86 on reports that the carrier may announce job cuts and cost-saving plans. It became the biggest blue-chip gainer. Mengniu Dairy (02319) was the largest blue-chip loser, falling 2.8% to HK$14.66.

Companies with European exposure ended lower after UK media speculated that May may announce hard Brexit. Theresa May, the Prime Minister for the UK, is scheduled to deliver speeach regarding Brexit tomorrow. CKH Holdings (00001) slipped 1.6% to HK$90.6. HSBC (00005) dipped 1.3% to HK$63.2.

Property developer Sunac China dived as much as 10% and closed lower by 8.1%% at HK$6.7, after the company announced its plans to invest 15 billion yuan in the troubled technology company LeEco.

Power Assets Holdings jumped 2.8% to HK$72.5, and Cheung Kong Infrastructure gained 1% to HK$61.55, after a consortium comprising Li Ka-shings Cheung Kong Property, Cheung Kong Infrastructure and Power Assets announced a plan to acquire Duet Group in Australia for HK$43 billion.

HKT Trust (06823) surged 9.5% to HK$10.4 after it reported net profit of HK$4.9bn, up 24% year-on-year. It declared final distribution per share of 34.76 HK cents. The stock surged 9.5% to HK$10.4.

Sensex, Nifty settle at highest level in 9-1/2 weeks

Indian benchmark indices settled with small gains, shrugging off weak trend in global stocks as domestic data showing fall in trade deficit in December extended support amid another data showing slight rise in wholesale inflation. The barometer index, the S&P BSE Sensex, rose 50.11 points or 0.18% to settle at 27,288.17. The Nifty 50 index gained 12.45 points or 0.15% to settle at 8,412.80.

In sectoral trends, bank stocks edged higher. Metal & mining stocks gained on renewed buying. IT stocks edged lower.

Among stock specific action, private sector lender Axis Bank advanced after the bank announced the cut in Marginal Cost of Funds based Lending Rates (MCLR) by 65-70 basis points across the various tenures with effect from 18 January 2017. Software major Infosys extended previous trading sessions decline triggered by the company lowering the upper band for revenue growth guidance in constant currency terms for the current financial year (FY 2017). Automobile major Tata Motors advanced after a foreign brokerage reportedly raised target price on the stock to Rs 650 from Rs 585 earlier on likely significant improvement in both Jaguar Land Rover (JLR) and India businesses.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index shed 0.6% to 2064.17. Taiwans Taiex index eased 0.9% to 9292.33. Malaysias KLCI dropped 0.8% to 1658.84. Indonesias Jakarta Composite index fell 0.1% to 5270. Singapores Straits Times index shed 0.4% to 3013.12.

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Nikki falls on yen strength, British exit woes
Jan 16,2017

The Japan share market closed down on Monday, 16 January 2017, as risk aversion selloff triggered by yen ascent to around 114 per greenback amid fresh concerns over Britains upcoming exit from the European Union. The 225-issue Nikkei average lost 192.04 points, or 1.00%, to close at 19,095.24. The Topix index of all first-section issues finished down 14.25 points, or 0.92%, at 1,530.64.

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Australia Market climbs as miners rally
Jan 16,2017

Australian share market closed higher on Monday, 16 January 2017, boosted by materials and resources stocks, thanks to rise in iron ore and base metal prices. At the closing bell, the benchmark S&P/ASX 200 index inclined 27.30 points, or 0.48%, to 5748.40, while the broader All Ordinaries index added 26.20 points, or 0.45%, to close at 5803.

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US stocks end in the red
Jan 13,2017

U.S. stocks rebounded from a sharp morning selloff, but still closed lower on Thursday, 12 January 2017 with the Nasdaq snapping a seven-day winning streak as investors paused before the start of earnings season and a lack of policy detail in President-elect Donald Trumps first formal news conference a day ago. Equity markets have been trading mostly sideways as investors begin to question the run-up in stock prices following the election on Trumps promises of fiscal stimulus.

The Dow Jones Industrial Average closed down 63.28 points, or 0.3%, at 19,891.00, after trading down by as many as 184 points earlier in the session. The Nasdaq Composite Index which had been down by as many as 67 points earlier, finished down 16.16 points, or 0.3%, at 5,547.49, retreating from its record close set on Wednesday, and snapping a streak of seven sessions of gains. The S&P 500 index fell 4.88 points, or 0.2%, to finish at 2,270.44 with seven out of 11 main sectors trading lower.

The declines were broad-based, with 22 of the 30 components trading lower. Financials and energy led the declines. Walt Disney and J.P. Morgan Chase which reports earnings Friday morning, led the losses.

The ICE Dollar Index slid 0.6% to 101.22, trading around its lowest level in a month.

The sharp dollar drop came after Trump on Wednesday, in his first full-scale press conference since July, offered few details on his administrations plans for economic stimulus, trade policy and tax reforms, but instead focused on railing against news outlets. Investors had hoped for more clarity on his policies to keep the dollar and stock rally going.

Thursdays pullback in equities also come as St. Louis Fed President James Bullard said fiscal proposals discussed by Trump arent likely to take hold until 2018 or 2019. He also said the U.S. economic environment remains one in which low interest rates are prevalent.

The markets reaction to weekly jobless claims and import prices ahead of the opening bell was subdued. Both data releases pointed to continued improvement in the labor market and an uptick in inflation due to higher oil prices.

AMong stocks under focus, Boeing fell 0.7% after reports that Indias SpiceJet is expected to purchase about 90 jets from the company for a total of $10 billion.

Data out of China implying that the countrys oil demand in November hit the second highest level on record, an average of 11.44 million barrels a day, also helped oil prices. That was 4.1% higher than the same month a year earlier.

And a weaker dollar following President-elect Donald Trumps press conference boosted energy prices. The ICE Dollar Index was down 0.4% at 101.36, after trading around its lowest level in almost a month.

It was mixed finish for bullion metals on Thursday, 12 January 2017 at Comex. Gold prices on Thursday hit a new seven-week high, as the dollar fell on disappointment that President-elect Donald Trump didnt provide details on his economic plans at a closely watched news conference. But prices for the yellow metal finished just short of the $1,200-an-ounce level. But silver ended marginally lower.

Gold for February delivery rose $3.20, or 0.3%, to settle at $1,199.80 an ounce, paring earlier gains that lifted it to a high of $1,207.20. The metal has gained in seven out of the last eight sessions. March silver fell less than half a cent to $16.825 an ounce.

Crude oil futures settled higher on Thursday, 12 January 2017 at Nymex with indications that major producers are cutting back output, strong demand growth in China and a weaker dollar prompting prices to extend gains into a second straight session. Natura-gas futures, meanwhile, marked their highest settlement in almost two weeks after data revealed a hefty drawdown in weekly U.S. supplies of the fuel.

On the New York Mercantile Exchange, February West Texas Intermediate crude climbed 76 cents, or 1.5%, to settle at $53.01 a barrel, after tapping a high of $53.50. Prices saw their highest settlement price since Friday. March Brent crude on Londons ICE Futures exchange rose 91 cents, or 1.7%, to $56.01 a barrel. The moves build on almost 3% gains for both contracts on Wednesday.

U.S. Treasuries traded with gains for most of todays session but declined following the $12 bln 30-year Treasury auction and closed well off their intraday highs. The 10-yr yield finished lower by two basis points at 2.36%.

Tomorrows economic data will include December PPI and Retail Sales at 8:30 am ET while November Business Inventories and the Michigan Sentiment Index will cross the wires at 10:00 am ET.

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Asia Pacific Market: Stocks falter on Trump
Jan 12,2017

Asia Pacific share market ended softer on Thursday, 12 January 2017, following losses in the U.S. as investors reacted to President-elect Donald Trumps first news conference since July and awaited remarks from Fed Chair Janet Yellen in a roundtable format in the U.S. on Thursday evening.

On Wednesday at the press conference, Trump took shots at the pharmaceutical industry and failed to provide new details on three of his key policies: tax reform, deregulation of certain sectors and fiscal stimulus.

Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.

The President-elect said Obamacare would be repealed and replaced on the same day and a Supreme Court justice would be chosen within two weeks of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.

Investors were hoping for commentary on the new administrations plans for fiscal stimulus and tax cuts. Instead, Trump remarked on a broad range of topics such as the Mexican wall, allegations of Russian hacking and his business interests but left out what investors wanted to hear about - fiscal spending. US President-elect Donald Trump on Wednesday lashed out at drugmakers for getting away with murder in offshoring production and overcharging for medicines.

Ahead, Yellen hosts a town hall meeting with educators in Washington, D.C., that will be eyed for any possible remarks on a Fed forecast of as many as three interest rate hikes in 2017.

Among Asian bourses

Australia Market edges down

Australian share market revered course to finish marginally lower, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

Shares of healthcare sector were hard hit, taking their cue from U.S. peers after Trump said pharmaceutical companies were getting away with murder by charging high prices. Worst hit were sector giant blood products and flu vaccine company CSL, which lost 2.8%, and Mayne Pharma, down 4%, as both companies have significant U.S. exposure.

Basic materials and energy shares closed higher thanks to a weaker dollar after Trumps conference, which failed to offer details on his promises to boost fiscal spending and cut taxes. Mining giants Rio Tinto, BHP Billiton, and Fortescue Metals gained between 1% and 1.3%, while oil and gas explorers Woodside Petroleum and Santos each added around 1%.

Nikki falls on disappointment over Trump remarks

The Japan share market closed down, dragged down by yen strength against greenback and investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Investors were disappointed by President-elect Donald Trumps first news conference since the election, as he was light on details about the U.S. economic outlook while stoking uncertainty about the U.S. relationship with countries like Japan. The Nikkei Stock Average fell 229.97 points, or 1.2%, to 19,134.70 following a 63.23-point rise Wednesday. The Topix index of all Tokyo Stock Exchange First Section issues fell 14.99 points, or 0.97%, to 1535.41.

Shares of exporters were hardest hit after the yen strengthened 0.9% against the greenback amid lack of U.S. policy clarity under Mr. Trumps administration. Some investors think there could be risk of protectionism grows under a Trump administration after Mr. Trump reiterated his desire to build a wall on the U.S.-Mexico border. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits. Toyota Motor ended down 1%, Nissan Motor was 1.06% lower and Mazda lost 1.5%.

Toshiba dived 5.4% after reports that the troubled conglomerate could be hit by bigger-than-expected losses at its US nuclear unit. Toshiba is finalising the size of special losses at Westinghouse, which could reach tens of billions of yen, on top of a previously warned one-time shortfall of several billion dollars.

Drug makers Takeda, Astellas Pharma and Shionogi were also downbeat as their U.S. peers met with selling due to Trumps criticism against the pharmaceutical industry at Wednesdays news conference.

Cosmo Energy Holdings finished up 7.52% after a Japanese securities firm revised up its investment rating and target stock price on the oil company.

Hong Kong Stocks snap five day rally
Jan 12,2017

The Hong Kong stock market took a breather after five days of gains on Thursday, 12 January 2017, as investors elected to book recent profit after the benchmark index added more than 3.6% in the past five sessions. The Hang Seng Index declined 0.46% or 106.33 points to close at 22,829.02. The Hang Seng China Enterprises index, or the H-share index, fell 0.11% or 10.85 points to 9,723.05. Turnover decreased to HK$63.3 billion from HK$69.8 billion on Wednesday.

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China Stocks falls for third day
Jan 12,2017

Mainland China stock market ended down on Thursday, 12 January 2017, registering third day of falling streak, due to investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Selloff was also fueled by risk of liquidity stresses in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Nearly all main sectors lost ground, led down by material and industry shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.5% to close at 3,317.62. The Shanghai Composite Index fell 0.56% to close at 3,119.29. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 0.87% to 1951.31. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.38% to 1,930.15 points.

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Nikki falls on disappointment over Trump remarks
Jan 12,2017

The Japan share market closed down on Thursday, 12 January 2017, dragged down by yen strength against greenback and investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Investors were disappointed by President-elect Donald Trumps first news conference since the election, as he was light on details about the U.S. economic outlook while stoking uncertainty about the U.S. relationship with countries like Japan. The Nikkei Stock Average fell 229.97 points, or 1.2%, to 19,134.70 following a 63.23-point rise Wednesday. The Topix index of all Tokyo Stock Exchange First Section issues fell 14.99 points, or 0.97%, to 1535.41.

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Australia Market edges down
Jan 12,2017

Australian share market revered course to finish marginally lower on Thursday, 12 January 2017, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

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