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US stocks end in the red
Nov 29,2016

U.S. stocks closed lower on Monday, 28 November 2016 as investors found few reasons to keep pushing shares higher following an extended rally that took major indexes to a string of records and lifted major indexes for three straight weeks. Participants favored a cautious approach at the start of the week as volatility from the oil pit and concerns out of Europe kept risk appetite in check. This also encouraged some profit-taking activity as investors assessed whether the broader market has risen too far, too fast.

The Dow Jones Industrial Average fell 54.24 points, or 0.3%, to close at 19,097.90, with shares of Visa and American Express leading decliners. The Nasdaq Composite Index shed 30.11 points, or 0.6%, to close at 5,368.81. The S&P 500 dropped 11.63 points, or 0.5%, to finish at 2,201.72.

Utilities and telecom, which are viewed as defensive groups, were among the biggest outperformers of the day. The financial sector was the biggest decliner. The Dow and S&P both snapped four-day win streaks.

The benchmark index finished near its session low with seven sectors ending in negative territory. The financial, energy and health care spaces outpaced todays losses in the broader market while rate-sensitive utilities, telecom services and real estate gained amid declining market rates.

Wall Street has rallied throughout November, with the gains particularly strong since Donald Trumps unexpected presidential election victory. Investors expect that the president-elect will advocate for policiesn++such as infrastructure spending, massive corporate tax cuts and environmental and financial deregulationn++that could spur economic growth.

Crude futures jumped 2.2% to settle at $47.08 a barrel on Monday, following a 4% slide on Friday that came after Saudi Arabia refused to attend a Monday meeting with Russia about a possible output cut.

Gold futures for February settled up 1.1% at $1,193.80 as a key dollar index declined 0.2%.

Developments in Italy were also in focus as investors eyed a downturn in the countrys banking names. Banca Monte dei Paschi di Siena tumbled 13.8% after the bank initiated a debt-for-equity swap and stated that it could face up to EUR8 billion in fines. The name also saw pressure ahead of the countrys constitutional referendum. Italian citizens will vote on December 4 on whether the powers of the Senate should be reduced. Prime Minister Matteo Renzi stated that if the referendum should fail, he will resign.

Treasuries ended on a higher note as longer-dated issues outperformed. The yield on the 2-yr note finished down two basis points while the yield on the benchmark 10-yr note fell five basis points to 2.31%.

Todays trading volume was below the recent average of 1.0 billion as fewer than 847 million shares changed hands at the NYSE floor.

There was no economic data of note released on Monday.

Tuesdays economic data will include the second estimate of Q3 GDP (consensus 3.0%) and the Q3 GDP Deflator (consensus 1.5%), which will each cross the wires at 8:30 ET. Separately, the Case-Shiller 20-city Index for September (consensus 5.2%) and November Consumer Confidence (consensus 100.0) will be released at 9:00 ET and 10:00 ET, respectively.

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Asia Pacific Market: Stocks end higher
Nov 25,2016

Asia Pacific share market finished higher on last trading session of the week, Friday, 25 November 2016, as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. Wall Street was closed on Thursday for the Thanksgiving holiday and trading will end early on Friday.

Strong U.S. manufacturing and consumer data this week have bolstered the case for higher interest rates. The dollar index has risen 0.5% this week, and almost 4% since Nov. 8.

Crude oil prices were mostly steady as investors looked to next weeks meeting of the Organization of the Petroleum Exporting Countries (OPEC) for clarity on proposed output caps. U.S. crude futures were flat at $47.92, set to clock a weekly increase of 5%, building on last weeks 5.3% jump. Global benchmark Brent crude slipped 0.1% to $48.93, on track for a weekly gain of 4.4%.

Gold lost 1% to touch its lowest level in 9-1/2 months in Asian trade on Friday, on track to post a third consecutive weekly decline, as the dollar extended its bull run against the yen on the back of rising bond yields. Spot gold was down 0.8% at $1,173.56 an ounce. Bullion shed over 8% so far this month and has lost over $160 an ounce since the peak after the U.S. election on Nov. 9, hurt by a strong dollar and surging Treasury yields as investors bet on higher growth and inflation under U.S. president-elect Trump.

Among Asian bourses

Australia Market hits 3-month high

Australian share market closed at highest level in three months, due to continued demand for mining and energy stocks, thanks to gains in commodity prices, including copper and iron ore. At the closing bell, the benchmark S&P/ASX 200 index rose 22.70 points, or 0.41%, to 5507.80, its highest level since August 26, while the broader All Ordinaries index was up 21.50 points, or 0.39%, to close at 5570.50.

Shares of energy companies also found support on renewed hopes of an OPEC production cut deal next week. Woodside Petroleum inclined by 1.1% to A$31.10, Origin Energy 0.8% to A$6.07, and Santos 0.2% to A$4.19.

Mining stocks closed stronger, led by BHP Billiton, up 2.3% to A$26.50, after ratings agency Moodys upgraded the mining giants outlook to stable from negative. Moodys said it expects the company to report improved margins and cash flow throughout next year. Rio Tinto gained 2.4% to A$61.76.

Shares of financial players mostly lower on profit booking. Among major banks, Westpac shed 0.3% to A$31.53, Australia & New Zealand Banking Group 0.2% to A$28.28, and Commonwealth Bank of Australia 0.3% to A$78.17, while National Australia Bank rose 0.5% to A$29.01.

Tatts Group gained 7.1% to A$4.21 after Tabcorp took control of a 10% stake in the gaming firm for about A$638 million. The move comes just over a month after the companies announced an A$11.3 billion merger.

Nikkei hits 11-months high

The Japan share market finished at an 11-month high, as risk sentiments underpinned by yen depreciation against greenback. Total 22 out of 33 TSE industry category on the main section inclined, led by Transportation Equipment, Precision Instruments, Electric Power & Gas, Nonferrous Metals, and Warehousing & Harbor Transportation Services issues, while Banks, Real Estate, Marine Transportation, and Fishery, Agriculture & Forestry issues being major decliners. The benchmark Nikkei 225 index added 0.26%, or 47.81 points, to close at 18,381.22, while the broader Topix index of all first-section issues gained 0.31%, or 4.57 points, to 1,464.53.

Shares of export-oriented firms extended rally as the yen depreciated to 113-level against greenback. A softer yen is positive to the stock market as it amplifies into exporters profitability. Honda Motor Corp surged 2% to 3345 yen. Ajinomoto Co Inc rose 2.4% to 2213 yen.

China Stocks end stronger

Mainland China stock market closed stronger, due to gains in real estate and banking shares on signs that the economy is on steadier footing were more than offset by losses in resources shares on profit booking. The blue-chip CSI300 index rose 0.93%, to 3,521.30, while the Shanghai Composite Index gained 0.62% to 3,261.94 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.4% to 2,129.84. For the week, the CSI300 rose 3%, while the SSEC gained 2.2%, its best week since mid-November.

Chinas yuan continued depreciation against greenback of Friday, hitting a lowest point since June 2008 as the Peoples Bank of China continues to devalue the currency. The central parity rate of the Chinese yuan weakened for the third straight trading day by falling 83 basis points to 6.9168 against the US dollar. Traders are allowed to trade up to 2% either side of the reference point for the day.

Hong Kong Stocks closed higher

The Hong Kong stock market advanced today, partly aided by steady money inflows from China as a cross-border link will be launched soon. The Thanksgiving break in the United States also helped slow a relentless surge in the U.S. dollar that has sucked capital out of most emerging markets. The market has witnessed relatively strong inflows from Chinese investors via the Shanghai-Hong Kong Stock Connect, as a sister investment link connecting Hong Kong and Shenzhen will be launched soon. Most sectors rose, with financial and consumer related stocks leading the gains. The Hang Seng Index ended up 0.51%, or 114.96 points, to 22,723.45 and the Hang Seng China Enterprises index added 1.15%, or 111.46 points, to 9,9790.23. Turnover increased to HK$56.2 billion from HK$55.8 billion on Thursday.

Chinese financial players attracted fund buying. China Life (02628) gained 3.9% to HK$22.7 after CICC and ICBAs bullish comments. Ping An (02318) added 2% to HK$42.25. Mainland lenders were also firmer. CCB (00939) put on 1% to HK$5.75. ICBC (01398) added 1.3% to HK$4.67.

Mengniu Dairy (02319) soared 4.6% to HK$16.32 becoming the top blue-chip gainer. It was reported that the companys call options turnover has risen significantly.

Sensex, Nifty hit two-week closing high

Trading for the week closed on a buoyant note as key benchmark indices surged today, 25 November 2016, led by gains in IT and pharma stocks. The barometer index, the S&P BSE Sensex, jumped 456.17 points or 1.76% to settle at 26,316.34. The Nifty surged 148.80 points or 1.87% to settle at 8,114.30. The Sensex and the Nifty, both, hit their highest closing level in two-weeks.

The Sensex closed above the psychological 26,000 mark after regaining that mark in early trade. The Nifty settled above the psychological 8,000 level after reclaiming that mark in early trade. Bargain hunting emerged after the recent heavy selling on the bourses triggered by worries that US president elect Donald Trumps likely fiscal expansionary policies could result in hike in interest rates there which could spark capital outflows from the emerging equity markets.

Wipro gained 2.96% after the company announced that it completed the acquisition of Appirio on 23 November 2016. As mentioned in the media presentation submitted as part of results for Q2 September 2016, impact of the Appirio acquisition is expected to reflect in the financials of Wipro for Q3 December 2016, the company said. The announcement was made after market hours yesterday, 24 November 2016.

Elsewhere in the Asia Pacific region: New Zealands NZX50 rose 0.2% to 6899.62. Indonesias Jakarta Composite index added 0.3% to 5122.10. Taiwans Taiex rose 0.1% to 9159.07. South Koreas KOSPI index jumped 0.2% to 1974.46. Malaysias KLCI was up 0.2% to 1627.26. Singapores Straits Times index rose 0.6% to 2859.33.

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Australia Market hits 3-month high
Nov 25,2016

Australian share market closed at highest level in three months on Friday, 25 November 2016, due to continued demand for mining and energy stocks, thanks to gains in commodity prices, including copper and iron ore. At the closing bell, the benchmark S&P/ASX 200 index rose 22.70 points, or 0.41%, to 5507.80, its highest level since August 26, while the broader All Ordinaries index was up 21.50 points, or 0.39%, to close at 5570.50.

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Nikkei hits 11-months high
Nov 25,2016

The Japan share market finished at an 11-month high on Friday, 25 November 2016, as risk sentiments underpinned by yen depreciation against greenback. Total 22 out of 33 TSE industry category on the main section inclined, led by Transportation Equipment, Precision Instruments, Electric Power & Gas, Nonferrous Metals, and Warehousing & Harbor Transportation Services issues, while Banks, Real Estate, Marine Transportation, and Fishery, Agriculture & Forestry issues being major decliners. The benchmark Nikkei 225 index added 0.26%, or 47.81 points, to close at 18,381.22, while the broader Topix index of all first-section issues gained 0.31%, or 4.57 points, to 1,464.53.

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China Stocks end stronger
Nov 25,2016

Mainland China stock market closed stronger on Friday, 25 November 2016, due to gains in real estate and banking shares on signs that the economy is on steadier footing were more than offset by losses in resources shares on profit booking. The blue-chip CSI300 index rose 0.93%, to 3,521.30, while the Shanghai Composite Index gained 0.62% to 3,261.94 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.4% to 2,129.84. For the week, the CSI300 rose 3%, while the SSEC gained 2.2%, its best week since mid-November.

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Hong Kong Stocks closed higher
Nov 25,2016

The Hong Kong stock market advanced on Friday, 25 November 2016, partly aided by steady money inflows from China as a cross-border link will be launched soon. The Thanksgiving break in the United States also helped slow a relentless surge in the U.S. dollar that has sucked capital out of most emerging markets. The market has witnessed relatively strong inflows from Chinese investors via the Shanghai-Hong Kong Stock Connect, as a sister investment link connecting Hong Kong and Shenzhen will be launched soon. Most sectors rose, with financial and consumer related stocks leading the gains. The Hang Seng Index ended up 0.51%, or 114.96 points, to 22,723.45 and the Hang Seng China Enterprises index added 1.15%, or 111.46 points, to 9,9790.23. Turnover increased to HK$56.2 billion from HK$55.8 billion on Thursday.

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US stocks end on a flat note
Nov 24,2016

US stock market ended the pre-holiday affair on a flat note on Wednesday, 23 November 2016 despite a deluge of economic data. Dow industrials and the S&P 500 notched a third straight record close on Wednesday, boosted in part by industrials, while the Nasdaq lagged behind in trading ahead of the Thanksgiving Day holiday.

The Dow Jones Industrial Average rose 59.31 points, or 0.3%, to close at 19,083.18, after hitting an intraday record of 19,083.76. The S&P 500 which had been in negative territory for most of the session, advanced 1.78 points, or less than 0.1%, to finish at a record 2,204.72, its session high, led by 0.8% gains in both the industrials and telecom sectors. Its the third session in a row both the Dow and the S&P 500 have turned in record closes. Bucking the positive tone, the Nasdaq Composite Index declined 5.67 points, or 0.1%, to finish at 5,380.68, pressured by a drop in biotech stocks.

The major averages diverged at the start of the session as the heavily-weighted technology and health care spaces slipped down the sector leaderboard.

Stocks barely budged after the Federal Reserve released minutes from its November meeting, but the Dow gradually skewed upward and the S&P 500 swung to a slight gain heading in to the close. The Fed minutes showed that policy makers agreed an interest-rate increase may be appropriate relatively soon.

Todays economic data included the weekly MBA Mortgage Index, weekly initial claims, Durable Orders for October, the FHFA Housing Price Index for September, New Home Sales for October, and the University of Michigan Consumer Sentiment Survey for November. The MBA Mortgage Index indicated that mortgage applications rose by 5.5% in the week ending 19 November 2016. This followed a 9.2% decline in the prior week.

Initial jobless claims increased by 18,000 for the week ending 19 November to 251,000 (consensus 243,000). Continuing claims for the week ending 12 November increased by 66,000 to 2.043 million. Durable orders for October surged past estimates, jumping 4.8% (consensus 1.1%), thanks to a 12.0% spike in transportation orders. Excluding transportation, durable orders increased 1.0% in October (consensus 0.3%) on top of an unrevised 0.2% increase in September.

The FHFA Housing Price Index for September rose 0.6%, which followed an increase of 0.7% in August. Sales of new single-family home sales declined 1.9% in October to a seasonally adjusted annual rate of 563,000 from a revised September rate of 574,000 (from 593,000). The October reading was lower than the consensus estimate of 587,000.

Separately, the final reading of the University of Michigan Consumer Sentiment Survey for November increased to 93.8 (consensus 91.6) from the preliminary reading of 91.6. The sentiment index jumped 8.2 points after the election, leaving the index 6.6 points above its level from October.

Heavy machinery names outperformed in the industrial sector. The group led after Deere topped consensus estimates for the fourth quarter and issued upbeat sales guidance for the first quarter and full-year 2017. Peer and Dow component Caterpillar finished at the top of the price-weighted average. The broader sector has gained 8.7% so far this month.

In the technology space, large cap tech names underperformed. Microsoft and Alphabet finished lower by 1.0% apiece. Meanwhile, HP tumbled 6.8% after issuing cautious first-quarter guidance. However, the company did report in-line results for the fourth quarter.

Oil prices fell slightly, settling down 0.2% at $47.96 a barrel, on the day after U.S. inventory data from the Energy Information Administration showed a rise in stockpiles, a negative sign for demand. However, crude prices have been buffeted ahead of next weeks meeting of the Organization of the Petroleum Exporting Countries.

Gold prices settled down 1.8% at $1,189.30 an ounce, hurt by the rise in the dollar.

Treasuries ended on a broadly lower note as yields jumped across the curve. The yield on the 2-yr note finished up four basis points at 1.13% while the yield on the benchmark 10-yr note also rose four basis points to 2.36%.

Todays trading volume was below the recent average of one billion as fewer than 808 million shares changed hands at the NYSE floor.

Tomorrow, bond and equity markets will be closed for Thanksgiving while Fridays session will end at 13:00 ET. Two pieces of economic data will be released Friday with October International Trade in Goods and October Advance Wholesale Inventories (consensus +0.2%) each crossing the wires at 8:30 ET.

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US stocks end at record highs
Nov 22,2016

U.S. stocks closed higher at fresh records on Monday, 21 November 2016 aided by a jump in oil prices and a pullback in the dollar, giving the Dow industrials, S&P 500 and Nasdaq their third simultaneous all-time closing highs this year. Bullish investors also welcomed comments from Federal Reserve Vice Chair Stanley Fischer, who said fiscal policy can do more to help the economyn++and even lift interest rates.

The Dow Jones Industrial Average gained 88.76 points, or 0.5%, to close at a record 18,956.69, The Nasdaq Composite Index advanced 47.35 points, or 0.9%, to finish at 5,368.86. The S&P 500 index surged 16.28 points, or 0.8%, to close at a record 2,198.18.

Ten of the 11 main S&P 500 sectors finished in the green with energy leading gains, up 2.2%, and the materials sector gaining 1.3%. The real-estate sector was the only decliner, finishing down 0.2%.

The Dow was led by gains in DuPont, Apple and IBM.

The major averages jumped at the start of the session as crude oil extended its recent winning streak. The energy component rallied 4.1% after several oil producers made upbeat comments regarding the elusive OPEC supply cap agreement. Stronger oil prices and a moderation of dollar strength are providing relief for the market, along with a return to earnings growth.

Since Election Day on Nov. 8, the Dow has climbed 3.4%, the S&P 500 has gained 2.7% and the Nasdaq has risen 3.4%.

A sharp rally in the dollar and 10-year Treasury yields last week dampened the post-election stock surge on Friday. But on Monday, the dollar eased slightly, with the ICE Dollar Index which measures the currency against a basket of six currencies, ended down 0.3% to 100.90. The 10-year Treasury yield fell 3.4 basis points to 2.322%.

In the tech sector, Amazon.com shares rallied 2.6% as the holiday shopping season ramps up. Facebook said it would hire an additional 500 employees in the U.K., according to media reports. Shares rose 4.1%.

There was no economic data of note released today.The bulk of the weeks economic indicators are expected Wednesday, including an update on durable-goods orders and the minutes of the latest Federal Open Market Committee meeting.

Todays trading volume was below the recent average of one billion as fewer than 842 million shares changed hands at the NYSE floor.

Tomorrows economic data will be limited to the Existing Home Sales Report for October (consensus 5.40 million), which will be released at 10:00 ET.

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China Stocks fall on capital outflow woes, stronger dollar
Nov 18,2016

Mainland China stock market closed down for second straight session on Friday, 18 November 2016, on funds outflow worries after US Federal Reserve Chair Janet Yellen said the Fed could raise interest rates as soon as next month, which is expected to make emerging markets less attractive. Market heavyweights and financial stocks were hit worst, dragging down overall performance. The benchmark Shanghai Composite Index fell 0.5% to close at 3,192.86 points. The CSI 300 index closed 0.56% down at 3,417.46 points.

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China Stocks fall on capital outflow woes, stronger dollar
Nov 18,2016

Mainland China stock market closed down for second straight session on Friday, 18 November 2016, on funds outflow worries after US Federal Reserve Chair Janet Yellen said the Fed could raise interest rates as soon as next month, which is expected to make emerging markets less attractive. Market heavyweights and financial stocks were hit worst, dragging down overall performance. The benchmark Shanghai Composite Index fell 0.5% to close at 3,192.86 points. The CSI 300 index closed 0.56% down at 3,417.46 points.

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Asia Pacific Market: Stocks close mostly higher
Nov 18,2016

Asia Pacific share market finished mostly higher on last trading session of the week, Friday, 18 November 2016, on tracking strong rally on Wall Street overnight after Federal Reserve Chair Janet Yellens hawkish comments.

The regional share market tracked a positive finish among major U.S indexes on Thursday on the back of remarks from Fed Chair Janet Yellen and upbeat economic data. The Dow Jones industrial average rose 35.68 points, or 0.19%, to close at 18,903.82. The S&P 500 gained 10.18 points, or 0.47%, to end at 2,187.12, while the Nasdaq composite advanced 39.39 points, or 0.74%, to 5,333.97.

U.S. economic data showed housing starts soared more than 25% in October stateside, while weekly jobless claims dropped to their lowest level since November 1973. In October, the consumer price index rose 0.4%, which was in line with expectations.

Yellen has stressed the importance of central bank independence in her first public remarks after Donald Trumps election victory as new data showed the president-elect will inherit a strengthening economy. The Federal Reserve chair told a congressional hearing yesterday, 17 November 2016 that an increase in short-term interest rates could n++become appropriate relatively soonn++, raising expectations of a rise at the Feds next meeting in December.

She added she would not step down from her position as the head of the Federal Reserve until the end of her term. Her comments pushed the dollar higher, with the dollar index, which measures the greenback against a basket of currencies, reaching a session high of 101.32.

Among Asian bourses

Australia Stocks end higher

Australian share market ended higher, on the back of strong rally on Wall Street overnight after Federal Reserve Chair Janet Yellens hawkish comments. At the closing bell, the benchmark S&P/ASX 200 index rose 20.90 points, or 0.39%, to 5,359.40, while the broader All Ordinaries index increased 18.60 points, or 0.34%, to 5,427.50.

Financial stocks led gainers with Commonwealth Bank of Australia and Westpac Banking Corp, tacking on around 0.3%.

Telecom stocks rallied as Telstra Corp rose 1.9%, bringing the weeks gains to 4.5%, as investors reacted positively to news of big cost cuts over the next five years.

Myer Holdings shares jumped as much as 10.6% as the retail giant flagged a return to profit in 2017 financial year after net income fell for the past six financial years.

Nikkei closes at 10-month high

The Japan share market closed at its highest level in more than 10 months, as risk appetite buying fuelled yen depreciation to 110 level against greenback on hopes for an interest rate hike by the U.S. Federal Reserve, after Fed Chair Janet Yellen firmly hinted at the possibility of a hike in December. The headline Nikkei 225 gained 0.59%, or 104.78 points, to end at 17,967.41, a whisker below the psychologically key 18,000 mark and its best level since early January. The broader Topix index of all first-section issues was up 0.38%, or 5.38 points, at 1,428.46.

Shares of export-oriented firms attracted buying on expectations for better earnings after dollars jump above 110 yen against greenback, as many export-oriented Japanese firms set their assumed dollar rates at 100-105 yen. Among them were automakers Toyota, Honda and Mazda, as well as technologies Sony and Hitachi. Shipping firms Nippon Yusen, Kawasaki Kisen and Mitsui O.S.K. Lines advanced, after the Baltic Dry Index for shipping costs climbed for 11 sessions in a row. By contrast, megabank groups and insurers met with apparent profit-taking after the recent surge. They included Mitsubishi UFJ, Sumitomo Mitsui, Dai-ichi Life and Tokio Marine. Among other losers were drug manufacturer Astellas, mobile carrier NTT Docomo and retailer Seven & i Holdings.

China Stocks fall on capital outflow woes, stronger dollar

Mainland China stock market closed down for second straight session, on funds outflow worries after US Federal Reserve Chair Janet Yellen said the Fed could raise interest rates as soon as next month, which is expected to make emerging markets less attractive. Market heavyweights and financial stocks were hit worst, dragging down overall performance. The benchmark Shanghai Composite Index fell 0.5% to close at 3,192.86 points. The CSI 300 index closed 0.56% down at 3,417.46 points.

A strong US dollar and worries over capital outflows also curbed investor appetites. With the dollar index still hovering near a 13-1/2 year high against a basket of currencies, there are persistent fears of yuan depreciation, as global investors continue to bet US President-elect Donald Trumps policies will result in higher inflation and stronger US economic growth.

Shanghais property sub-index outperformed the broader market, following government data that showed average new home prices in Chinas 70 major cities rose 12.3% on-year in October, a faster pace than the 11.2% on-year rise in September. Among Property plays, with Shenzhen-listed shares of Vanke up 3.9% and Poly Real Estate climbing 1.83%, while Gemdale erased early gains to trade down 0.73%.

Hong Kong Stocks close up

The Hong Kong stock market closed up, buoyed by Wall Street rally overnight on rising expectations of a US rate hike next month Market talks indicated slim chances of the Shenzhen-HK Connect program launch on 21 November, and it may be delayed to December. The Hang Seng Index ended up 0.37%, or 81.33 points, to 22,344.21 and the Hang Seng China Enterprises index added 0.24%, or 22.77 points, to 9,349.31. Turnover decreased to HK$55.9 billion from HK$62.3 billion on Thursday.

Chairman of China Tower Corporation Liu Aili said he aims at an IPO by end-2017. China Mobile (00941) edged down 0.2% to HK$84.6. China Telecom (00728) gained 0.6% to HK$3.65. China Unicom (00762) put on 3.9% to HK$9.07.

CKH Holdings (00001) climbed 1.4% to HK$94.9. The company yesterday bought back its own shares by HK$72.7 million. It was the first time of buyback since its restructuring. CK Property (01113) inched down 0.3% to HK$50.75.

AAC Tech (02018) jumped 2.5% to HK$73.85 after the company expects its non-acoustic business revenues to exceed acoustics in 2017. Sunny Optical (02382) shot up 5.8% to HK$41.25.

Evergande (03333) added stake in China Vanke (02202) again. China Vanke soared 3.2% to HK$21.95, while Evergrande edged up 0.4% to HK$5.3.

Sensex extends recent losing streak

Metal sector stocks and index heavyweights ITC, HDFC Bank and Infosys led small losses for key benchmark indices. The barometer index, the S&P BSE Sensex lost 77.38 points or 0.3% to settle at 26,150.24. The Nifty fell 5.85 points or 0.07% to settle at 8,074.10. The Sensex, and the Nifty, hit their lowest closing level in more than 5-1/2-months.

Stocks of public sector banks edged higher. Stocks of private sector banks were mixed. Index heavyweight Reliance Industries (RIL) nudged higher after the company announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GEs Predix platform.

Elsewhere in the Asia Pacific region: New Zealands NZX50 added 0.6% to 6857.84. Indonesias Jakarta Composite index fell 0.4% to 5170.11. Taiwans Taiex added 0.2% to 9008.79. South Koreas KOSPI index declined 0.3% to 1974.58. Malaysias KLCI was down 0.2% to 1623.80. Singapores Straits Times index rose 0.9% to 2838.65.

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Hong Kong Stocks close up
Nov 18,2016

The Hong Kong stock market closed up on Friday, 18 November 2016, buoyed by Wall Street rally overnight on rising expectations of a US rate hike next month Market talks indicated slim chances of the Shenzhen-HK Connect program launch on 21 November, and it may be delayed to December. The Hang Seng Index ended up 0.37%, or 81.33 points, to 22,344.21 and the Hang Seng China Enterprises index added 0.24%, or 22.77 points, to 9,349.31. Turnover decreased to HK$55.9 billion from HK$62.3 billion on Thursday.

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Hong Kong Stocks close up
Nov 18,2016

The Hong Kong stock market closed up on Friday, 18 November 2016, buoyed by Wall Street rally overnight on rising expectations of a US rate hike next month Market talks indicated slim chances of the Shenzhen-HK Connect program launch on 21 November, and it may be delayed to December. The Hang Seng Index ended up 0.37%, or 81.33 points, to 22,344.21 and the Hang Seng China Enterprises index added 0.24%, or 22.77 points, to 9,349.31. Turnover decreased to HK$55.9 billion from HK$62.3 billion on Thursday.

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Nikkei closes at 10-month high
Nov 18,2016

The Japan share market closed at its highest level in more than 10 months on Friday, 18 November 2016, as risk appetite buying fuelled yen depreciation to 110 level against greenback on hopes for an interest rate hike by the U.S. Federal Reserve, after Fed Chair Janet Yellen firmly hinted at the possibility of a hike in December. The headline Nikkei 225 gained 0.59%, or 104.78 points, to end at 17,967.41, a whisker below the psychologically key 18,000 mark and its best level since early January. The broader Topix index of all first-section issues was up 0.38%, or 5.38 points, at 1,428.46.

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Nikkei closes at 10-month high
Nov 18,2016

The Japan share market closed at its highest level in more than 10 months on Friday, 18 November 2016, as risk appetite buying fuelled yen depreciation to 110 level against greenback on hopes for an interest rate hike by the U.S. Federal Reserve, after Fed Chair Janet Yellen firmly hinted at the possibility of a hike in December. The headline Nikkei 225 gained 0.59%, or 104.78 points, to end at 17,967.41, a whisker below the psychologically key 18,000 mark and its best level since early January. The broader Topix index of all first-section issues was up 0.38%, or 5.38 points, at 1,428.46.

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