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Hong Kong Stocks end sharply lower
Dec 02,2016

The Hong Kong stock market finished session lower on Friday, 02 December 2016, as investors locked in gains ahead of U.S. jobs data later in the session and a weekend Italian referendum on Sunday. The Hang Seng Index ended down 1.37%, or 313.41 points, to 22,564.82 while the Hang Seng China Enterprises index declined 1.12%, or 111.08 points, to 9,781.23. Turnover increased to HK$80.9 billion from HK$74.8 billion on Thursday.

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China Stocks fall back on profit-taking
Dec 02,2016

Mainland China stock market turned down on Friday, 02 December 2016, pushed down by selling to lock in profits following previous gains and on caution ahead of closely watched events. The Shanghai Composite Index dropped 0.9%, to 3,243.84, while the smaller Shenzhen Component Index closed 1.58% lower at 10,912.63 points. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, lost 1.76% to close at 2,143.45 points.

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Nikkei closes down ahead of US jobs data
Dec 02,2016

The Japan share market ended lower on Friday, 02 December 2016, as investors opted to lock in profits prior to closely watched events (US jobs data and a weekend Italian referendum). The 225-issue Nikkei average lost 87.04 points, or 0.47 percent, to close at 18,426.08. The Topix index of all first-section issues finished down 5.29 points, or 0.36 percent, at 1,477.98. Falling issues outnumbered rising ones 1,172 to 700 in the TSEs first section, while 118 issues were unchanged. Volume slightly increased to about 2.83 billion shares from Thursdays about 2.82 billion shares.

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Australia Market falls on profit taking
Dec 02,2016

Australian share market finished session deeply in red on Friday, 02 December 2016, as a reversal of the mining rally and profit taking. With the exception of gold producers, every sector was down, with energy and financial issues leading losses on profit booking. At the closing bell, the benchmark S&P/ASX 200 index fell 56.20 points, or 1.02%, to 5444, while the broader All Ordinaries index declined 57.80 points, or 1.04%, to close at 5502.60.

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Australia Market ends softer
Nov 30,2016

Australian share market closed lower on Wednesday, 30 November 2016, as falling oil and metal prices hit miners and energy stocks. At the closing bell, the benchmark S&P/ASX 200 index fell 17 points, or 0.31%, to 5440.50, while the broader All Ordinaries index declined 18.10 points, or 0.33%, to close at 5502.40.

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Asia Pacific Market: Stocks gain on upbeat global cues
Nov 30,2016

Asia Pacific share market closed mostly higher on Wednesday, 30 November 2016, on following upbeat cues from Wall Street overnight, but gains were capped as investors remained cautious ahead of an OPEC meeting and Italys referendum result.

Market participants risk sentiments muted on growing concerns for an interest rate increase in December by the U.S. Federal Reserve on the back of an upward revision to U.S. gross domestic product data for July-September.

The US economy grew at the fastest pace in over two years in the third quarter as consumers and government stepped up their spending and exports surged. Gross domestic product expanded at a 3.2% annual rate in the Commerce Departments second reading, released Tuesday. That is the strongest pace since the second quarter of 2014. It beat the consensus estimate of a 3.1% growth rate. Consumer spending rose 2.8% in the quarter, stronger than the original estimate of 2.1%. The consumer sector accounts for two-thirds of the economy, and that has been bolstering economic growth for several quarters. A measure of core inflation, which excludes volatile categories like food and energy, rose 1.7% during the quarter, unrevised from the initial reading. That is inching closer to the Federal Reserves 2% target. Most economists and investors expect the central bank to raise the benchmark interest rate at its December meeting as inflation firms and economic growth remains sturdy.

Also, sentiments were subdued ahead of key events from OPEC talks to the series of US economic events and Italys referendum.

The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna later on Wednesday to discuss a planned production cut in an effort to curb overproduction that had dogged markets and more than halved prices since 2014. Many analysts believe OPEC will cobble together a deal at its meeting in Vienna to cut some production. But doubts lingered as Iran and Iraq, OPECs second-largest and third-largest producers, have resisted pressure from the groups de facto leader Saudi Arabia to curtail output.

A series of key events, including United States Automatic Data Processing Inc.s private-sector jobs report for November later in the day. Friday will see the most-watched set-piece data point of the month: the non-farm payrolls report.

Italians vote on constitutional changes on Dec. 4 that would limit the power of the upper house and make it easier for governments to pass legislation. Prime Minister Matteo Renzi has said he will resign in case of a no result. New elections, if held, could bring to power the Five Star Movement, which has said it wants to hold a referendum on euro membership.

Among Asian bourses

Australia Market ends softer

Australian share market closed lower today, as falling oil and metal prices hit miners and energy stocks. At the closing bell, the benchmark S&P/ASX 200 index fell 17 points, or 0.31%, to 5440.50, while the broader All Ordinaries index declined 18.10 points, or 0.33%, to close at 5502.40.

Energy stocks extended losses to a third straight session on following drop in commodity prices. Crude oil slumped about 4% on Tuesday, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of Organization of the Petroleum Exporting Countries meeting for a deal to cut production. Among energy players, Woodside Petroleum declined by 2.4% to A$29.62, Origin Energy 1.7% to A$5.94, and Santos 3% to A$3.93.

Mining stocks also closed softer, dragged by BHP Billiton, down 4.1% to A$24.41, and Rio Tinto, down 4.4% to A$57.75, after Copper, lead and zinc were sold off on Tuesday on the view that a post-US election rally had become overstretched, while a rally in steel and iron ore prices was stemmed after Chinese exchanges imposed curbs to tame speculative trade. Iron ore miner Fortescue Metals Group, which is particularly sensitive to the iron ore price, dropped 5.3% to A$5.87.

Shares of financial players cushioned some of the pressure on the benchmark index, with Big Four banks being top gainers. Among major banks, Westpac added 0.2% to A$31.27, Australia & New Zealand Banking Group 1.1% to A$28.41, Commonwealth Bank of Australia 1.1% to A$78.65, and National Australia Bank 0.6% to A$28.93.

Nikkei holds gain line

The Japan share market finished edge above the neutral line, after official data indicated Japans industrial production rose for a third consecutive month in October, with a slight gain just beating the median forecast of economists, as the nations exports compensate for weak domestic spending. Market gains were, however, capped ahead of key events from OPEC talks to the series of key economic events and Italys referendum. Total 17 out of 33 TSE industry category on the main section gained ground, led by Securities & Commodities Futures, Glass & Ceramics Products, Fishery, Agriculture & Forestry, and Construction issues, whilst Iron & Steel, Nonferrous Metals, Mining, and Oil & Coal Products issues being major losers. The benchmark Nikkei 225 index added 0.01%, or 1.44 points, to close at 18,308.48, while the broader Topix index of all first-section issues gained 0.06%, or 0.86 point, to 1,469.43.

Stocks got off to a firmer start after U.S. equities staged a rebound on Tuesday. Investors apparently took heart from brisk U.S. economic indicators, including an upward revision to gross domestic product data for July-September. The yens weaker moves against the dollar also helped increase investor appetite for buying on dips. But the markets topside was limited, with the key market gauges fluctuating around the previous days closing levels, amid a growing wait-and-see mood ahead of key events, including a meeting of the Organization of the Petroleum Exporting Countries in Vienna later on Wednesday. The market was also weighed down by worries about a series of key events, including closely watched economic indicators to be released in the United States later in the day, including Automatic Data Processing Inc.s private-sector jobs report for November.

Shares of export-oriented firms inclined as the yen, which is often bought as a safe haven in time of uncertainty, depreciated to 113-level against greenback. A softer yen is positive to the stock market as it amplifies into exporters profitability. The weaker yen helped lift export-oriented names, such as automakers Toyota, Suzuki and Honda, electronics giant Panasonic and camera maker Canon. Also on the plus side were mobile phone carriers SoftBank Group and KDDI.

By contrast, shares of steel producers JFE Holdings, Nippon Steel & Sumitomo Metal and Kobe Steel met with profit-taking. Oil companies JX Holdings, Idemitsu and Japex were downbeat as crude oil futures fell sharply in New York on Tuesday amid weakening hopes for an agreement on reducing oil production at the upcoming OPEC meeting.

China Stocks end 1% down

Mainland China stock market closed down today, as concerns over liquidity squeeze after official data showing the Peoples Bank of China injected a mere 15 billion yuan in November through open market operations, compared with Octobers 441 billion yuan. Most of SSE sectors declined, with energy and materials issues being major losers. The blue-chip CSI300 index fell 0.73%, to 3,538. The Shanghai Composite Index lost 1% to 3,250.03 points, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 0.16% to 2,106.91. For the month, CSI300 surged 6%, its best monthly gain in eight months, while the SSEC gained 4.8%.

Shares of banking sector fell broadly on profit booking, with China Citic Bank falling 3% to 6.71 yuan and China Merchants Bank lower by 1% to 18.56 yuan. ICBC and China Construction Bank both declined 1.1% to 4.52 yuan and 5.57 yuan respectively.

China United Network Communications (China Unicom) soared 8.3% to 6.66 yuan, after reports that the state-owned telecoms firm has finalised its mixed-ownership plan to introduce private capital to the company, despite China Unicom issuing a statement on Wednesday saying n++uncertaintyn++ still existed for the plan. Reports also said the plan will be filed to the government for approval and Baidu, Alibaba, and Tencent, Chinas largest internet companies, were invited to become shareholders.

Real estate shares rebounded after Tuesdays drop - a reaction to the announcement of fresh home buying restrictions in Shanghai. The sector was lifted by index heavyweight China Vanke Co, which jumped 3.4% after China Evergrande Group announced late on Tuesday that it had bought more shares in Chinas biggest property developer.

Hong Kong Stocks rise on firm Wall Street lead

The Hong Kong stock market ended higher today, as risk sentiments buoyed by tracking gains in Wall Street overnight and ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Investors apparently took heart from brisk U.S. economic indicators, including an upward revision to gross domestic product data for July-September. But gains were capped as investors remained cautious ahead of an OPEC meeting and Italys referendum result. Most sectors in Hong Kong rose, with telecommunication shares among the best performers, while energy and the raw materials sector suffered the most damage. The Hang Seng Index ended up 0.23%, or 52.70 points, to 22,789.77 while the Hang Seng China Enterprises index fell 0.08%, or 8.15 points, to 9,838.06. Turnover increased to HK$88.9 billion from HK$68.7 billion on Tuesday.

China Unicom (00762) soared 7% to HK$9.42 becoming the best performing blue chip. Market talks suggested that its parent companys mixed ownership proposal has been concluded, but Unicom in afternoon clarified that the proposal is still being discussed. China Telecom (00728) and China Mobile (00941) also climbed 4% and 1% to HK$3.75 and HK$84.65.

Hengan (01044) slid 7% to HK$61.05. It was the worse blue-chip loser after the company said its CFO Loo Hong Shing has resigned and Xu Da Zuo has taken over the seat. But UBS said Xu has no experience in dealing with investors, and said it appears to be a surprise to the market.

Shares of casino companies inclined ahead of Macau gaming authorities announcement of Novembers gross gaming revenues (GGR) tomorrow. Galaxy Entertainment (00027) added 2% to HK$38.5. Sands China (01928) jumped 2% to HK$38.2.

Sensex builds on gains

Indian market rallied for the fourth consecutive session, with the benchmark Sensex surging 259 points to end at a fresh two-week high of 26,652 driven by upbeat global cues on strengthening oil prices. The 50-share NSE Nifty settled 82.35 points, or 1.01% higher at 8,224.50 after shuttling between 8,234.25 and 8,139.25. Consumer durables, banking, finance, capital goods, industrials and power sectors were the major winners.

Sentiment was upbeat on hopes that the government and RBI will announce more measures to contain the fallout of demonetisation while globally, oil prices spiked ahead of a crucial OPEC meet where producers are set to discuss an output cut.

UCO Bank rose 1.04% to Rs 33.95 after the bank said it has allotted 7.17 crore equity shares to Life Insurance Corporation of India at an issue price of Rs 37.74 per equity. The shares issued to Life Insurance Corporation of India (LIC) will be under lock-in for a period of one year from the date of trading from the stock exchanges. LIC owned 11.88% stake in UCO Bank end September 2016.

Yes Bank rose 2.38% after the bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet.

Indias gross domestic product (GDP) for the quarter ended September 2016 (Q2) is slated to be released today, 30 November 2016. Indias GDP growth rate slowed to 7.1% in Q1 June 2016 from 7.9% expansion in Q4 March 2016. Also Indias infrastructure output for October 2016 will be released today, 30 November 2016. Infrastructure output in India went up 5% year-on-year in September, following a 3.2% growth in August.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was down 0.1% to 6896.95. Indonesias Jakarta Composite index added 0.24% to 5148.91. Taiwans Taiex added 0.53% to 9240.71. South Koreas KOSPI index was up 0.26% to 1983.48. Malaysias KLCI was down 0.5% to 1619.12. Singapores Straits Times index rose 0.9% to 2905.17.

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Hong Kong Stocks rise on firm Wall Street lead
Nov 30,2016

The Hong Kong stock market ended higher on Wednesday, 30 November 2016, as risk sentiments buoyed by tracking gains in Wall Street overnight and ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Investors apparently took heart from brisk U.S. economic indicators, including an upward revision to gross domestic product data for July-September. But gains were capped as investors remained cautious ahead of an OPEC meeting and Italys referendum result. Most sectors in Hong Kong rose, with telecommunication shares among the best performers, while energy and the raw materials sector suffered the most damage. The Hang Seng Index ended up 0.23%, or 52.70 points, to 22,789.77 while the Hang Seng China Enterprises index fell 0.08%, or 8.15 points, to 9,838.06. Turnover increased to HK$88.9 billion from HK$68.7 billion on Tuesday.

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China Stocks end 1% down
Nov 30,2016

Mainland China stock market closed down on Wednesday, 30 November 2016, as concerns over liquidity squeeze after official data showing the Peoples Bank of China injected a mere 15 billion yuan in November through open market operations, compared with Octobers 441 billion yuan. Most of SSE sectors declined, with energy and materials issues being major losers. The blue-chip CSI300 index fell 0.73%, to 3,538. The Shanghai Composite Index lost 1% to 3,250.03 points, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 0.16% to 2,106.91. For the month, CSI300 surged 6%, its best monthly gain in eight months, while the SSEC gained 4.8%.

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Nikkei holds gain line
Nov 30,2016

The Japan share market finished edge above the neutral line on Wednesday, 30 November 2016, after official data indicated Japans industrial production rose for a third consecutive month in October, with a slight gain just beating the median forecast of economists, as the nations exports compensate for weak domestic spending. Market gains were, however, capped ahead of key events from OPEC talks to the series of key economic events and Italys referendum. Total 17 out of 33 TSE industry category on the main section gained ground, led by Securities & Commodities Futures, Glass & Ceramics Products, Fishery, Agriculture & Forestry, and Construction issues, whilst Iron & Steel, Nonferrous Metals, Mining, and Oil & Coal Products issues being major losers. The benchmark Nikkei 225 index added 0.01%, or 1.44 points, to close at 18,308.48, while the broader Topix index of all first-section issues gained 0.06%, or 0.86 point, to 1,469.43.

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US stocks eke out gains
Nov 30,2016

U.S. stocks closed higher on Tuesday, 29 November 2016 with the Nasdaq touching a record, but the market failed to make much headway as oil futures slumped ahead of a key meeting of major crude producers. Better than expected economic data was peppered into the pre-market mix that was pretty bland otherwise. The second reading of gross domestic product showed the economy grew at the fastest pace in over two years in the third quarter, while a measure of consumer confidence soared in November to pre recession levels.

The Dow Jones Industrial Average rose 23.70 points, or 0.1%, to finish at 19,121.60. The Nasdaq Composite Index advanced 11.11 points, or 0.2%, to close at 5,379.92 after touching an intraday trading high of 5,403.86 earlier. The S&P 500 index added 2.94 points, or 0.1%, to end at 2,204.66, with health-care and real-estate shares leading.

Shares of oil giants Chevron and Exxon Mobil were among the blue-chip indexs worst performers. The energy sector was down 1.2% due to oil futures sliding nearly 4% as doubts mounted that the worlds biggest crude producers will reach a deal Wednesday to cut global output.

The stock market appeared to be on track for a swift recovery from a Monday dip, but a pullback during the final hour made the rebound appear not nearly as swift. Equity indices started the day on a flat note, but heavily-weighted sectors like health care, financials, and technology sectors saw buying interest from the start, which was enough to improve sentiment around other sectors.

Among economic data expected for the day, third-quarter GDP was revised up to 3.2% from 2.9% (consensus 3.0%), driven by an upward revision to personal expenditures growth. Separately, the November Consumer Confidence report (consensus 100.0) soared past estimates at 107.1, even though the bulk of the survey was conducted amid pre-election uncertainty. Separately, the Case-Shiller 20-city Index for September showed an increase of 5.1% while the Briefing.com consensus expected a reading of 5.2%

The ICE dollar index rose nearly 4% since the U.S. presidential election, while 10-year Treasury yields hit 2.32%, highest levels since 2003, as investors bet on fiscal-stimulus driven growth and higher inflation under the new administration.

The Italian referendum on Sunday is seen as one of the bigger political risks with the potential to destabilize European markets. While the ballot is on proposed constitutional reforms, it is generally being seen in the country as a vote of confidence in Prime Minister Matteo Renzi, with the risk that a victory for n++non++ will lead to his resignation and the dissolution of Italys government.

Intraday trading volume was below average, but final-hour selling brought the NYSE floor total up to 901 million.

Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET while November ADP Employment Change (consensus 160K) will be reported at 8:15 ET. October Personal Income (consensus 0.4%), Personal Spending (consensus 0.5%), and Core PCE Price Index (consensus 0.1%) will be released at 8:30 ET while Chicago PMI for November (consensus 52.0) will cross the wires at 9:45 ET. October Pending Home Sales (consensus 0.7%) are expected at 10:00 ET, and the days data will be topped off with the 14:00 ET release of the Federal Reserves Beige Book for November.

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Asia Pacific Market: Stocks mixed ahead of key events
Nov 29,2016

Asia Pacific share market ended mixed on Tuesday, 29 November 2016, with risk sentiments curbed by a lackluster performance in global equity markets overnight and ahead of key events from OPEC talks to the U.S. jobs report and Italys referendum. The MSCI Asia Pacific Index slid 0.1% to 136.47.

Wall Street suffered its worst performance in nearly a month overnight, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.

Investors were turning their attention to the OPEC meeting on Wednesday and Italys vote on constitutional reform at the weekend. The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna to discuss a planned production cut in an effort to curb overproduction that had dogged markets and more than halved prices since 2014. The uncertainty has prompted oil price to fall. The price of the benchmark U.S. oil fell 20 cents to $46.88 a barrel in electronic trading on New York Mercantile Exchange. The contract jumped $1.02 to close at $47.08 a barrel on Monday. Brent crude, the international standard, eased 29 cents to $49.92 a barrel in London, from $48.79 on Tuesday.

Italians vote on constitutional changes on Dec. 4 that would limit the power of the upper house and make it easier for governments to pass legislation. Prime Minister Matteo Renzi has said he will resign in case of a no result. New elections, if held, could bring to power the Five Star Movement, which has said it wants to hold a referendum on euro membership.

Among Asian bourses

Australia Market ends softer

Australian share market closed marginally lower today, as risk sentiments subdued on tracking weak lead from Wall Street overnight. The major banks gained some ground but the miners dragged on the market. At the closing bell, the benchmark S&P/ASX 200 index fell 6.90 points, or 0.13%, to 5457.50, while the broader All Ordinaries index declined 12.10 points, or 0.22%, to close at 5520.50.

Telecom stocks were the biggest drag, with Vocus Communications falling 24.5%, after the company issued its first guidance for 2016-17 bringing recent acquisitions Nextgen, M2 Group and Amcom under the one umbrella. Vocus said revenue was expected to be about A$1.9 billion, underlying EBITDA was forecast between A$430 million and A$450 million, while underlying net profit after tax was expected to be between A$205 million and A$215 million. TPG Telecom fell 7.2% to A$7.00, after being caught up in negative sentiment in the sector sparked by a guidance update from competitor Vocus.

Shares of financial players inclined, led by top four lenders. Among major banks, Commonwealth Bank of Australia was up 0.8% and Australia & New Zealand Banking Group rose 0.2%.

The plunge in the Dalian iron ore futures hit local iron ore miners, with Fortescue dropping 0.6% to A$6.21, after earlier in the session rising as much as 3% to a five-year high of $6.44. Gold miners, too, lost their shine as the precious metal reversed some of Monday nights gains.

Nikkei falls on profit booking, weak offshore lead

The Japan share market declined for second straight session, as investors continued locking gains after the benchmark index hit 11-months high at the end of last week and on tracking negative lead from Wall Street overnight and a pause in the yens recent weakening.. Total 20 out of 33 TSE industry categories on the main section declined, with Insurance, Iron & Steel, Securities & Commodities Futures, and Glass & Ceramics Products being major losers, while Fishery, Agriculture & Forestry, Chemicals, and Foods issues being notable gainers. The benchmark Nikkei 225 index dropped 0.27%, or 49.85 points, to close at 18,307.04, while the broader Topix index of all first-section issues lost 0.07%, or 1.01 points, to 1,468.57.

Insurer Dai-ichi Life, brokerage firm Nomura and steelmaker JFE Holdings met with selling. Clothing store chain operator Fast Retailing and mobile phone carrier SoftBank Group, both heavily weighted components of the Nikkei average, were also downbeat. Oil companies, such as JX Holdings and Japex, lost ground amid diminishing expectations for an agreement on cutting crude oil output at the upcoming OPEC meeting. Other major losers included automakers Toyota, Suzuki and Fuji Heavy.

By contrast, general contractors Kajima, Taisei, Shimizu and Zenitaka attracted buying. Mega-banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui wiped out earlier losses to end higher.

Japan retail sales fell 0.1% on year in October, the Ministry of Economy, Trade and Industry said on Tuesday, following the fall of 1.7% in September. On a seasonally adjusted monthly basis, retail sales climbed 2.5%, up from 0.3% in the previous month. Sales from large retailers shed 1.0% on year, following the 3.2% tumble a month earlier.

Japan jobless rate was a seasonally adjusted 3% in October, the Ministry of Internal Affairs and Communications said on Tuesday, unchanged from the previous month. The job-to-applicant ratio came in at 1.40, up from 1.38 in the previous month. The participation rate was 60.4%, easing from 60.5% a month earlier. The number of employed persons in October was 64.95 million, an increase of 630,000 or 1% on year.

China Market attains highest level 11 months

Mainland China stock market extended their bull run for a fourth session, closing at the highest level in almost 11 months as investors hopes that speculation curbs on the real estate market will push funds into equities. Investor sentiment also received a boost after Morgan Stanley upgraded their ratings on mainland stock markets. The blue-chip CSI300 index rose 0.82%, to 3,564.04, while the Shanghai Composite Index gained 0.18% to 3,282.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.77% to 2,110.36. The measure has added 5.9% so far this month.

As per reports, Chinas central bank is clamping down further on mortgage lending in areas deemed overheated and some lenders have been asked to suspend distributing new home loans. The city of Shanghai said in a social media post on Monday that it will tighten mortgage loan policies starting Nov. 29, while Tianjin has raised minimum mortgage down payments for first homes to at least 30%. Market pundit expects the government tightening property likely move some of excess liquidity into the A-share market again.

Investor sentiment also received a boost after analysts from Morgan Stanley upgraded their ratings on mainland stock markets, forecasting the Shanghai Composite Index to top 4,400 in 2017 as China maintains loose monetary conditions amid a challenging external trade environment after US president-elect Donald Trump takes office. The Morgan Stanley index prediction is 34% higher than Mondays Shanghai close of 3,277.

Shares in home appliance, liquor and traditional Chinese medicine firms attracted buying ahead of the start of a trading link between Hong Kong and Shenzhen on 5 December 2016. Midea Group Co. jumped 4.5% to close at a record price, and the liquor companies Wuliangye Yibin Co. and Luzhou Laojiao Co. rose 3.5% and 3.2%, respectively. Dong-E-E-Jiao Co., a maker and seller of traditional Chinese medicine, climbed 1.9%.

Hong Kong Stocks fall, energy shares weigh

The Hong Kong stock market ended lower, weighed down by energy shares as oil prices dropped on doubts that producer cartel OPEC would hammer out an output cut this week. Investors risk appetite was also curbed by a lacklustre performance in global equity markets overnight. Wall Street suffered its worst performance in nearly a month, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. But losses were limited ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Sector performance was mixed, with energy and raw material shares sliding while industrial and utilities gained. The Hang Seng Index ended down 0.41%, or 93.50 points, to 22,737.07 and the Hang Seng China Enterprises index fell 0.3%, or 29.33 points, to 9,846.21. Turnover decreased to HK$68.7 billion from HK$70.6 billion on Monday.

The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna to discuss a planned production cut in an effort to curb overproduction that had dogged markets and more than halved prices since 2014. The uncertainty has prompted oil price to fall. Sentiment was also dampened by falling coal prices. Chinas thermal coal futures lost nearly 3% to a 5-1/2-week low. Index heavyweight China Shenhua Energy Co slid 1.5%.

Property developers shares hit after Tianjin and Shanghai stepped up property curbing measures. CR Land (01109) fell 1% to HK$18.9. China Overseas Land (00688) edged down 0.8% to HK$22.4. Hang Lung Properties (00101) slipped 1.2% to HK$17.22. Hang Lung Group (00010) slid 2.7% to HK$29.1.

Standard Chartered (02888) fell 1.5% to HK$60.5 on rumours that is planned job cut will start this week. HSBC (00005) sank 1.5% to HK$60.6.

Sensex, Nifty hit 2-1/2-week closing high

Indian benchmark indices registered gains for a third day, led by a rally in automakers while banks continued to falter. The barometer index, the S&P BSE Sensex, rose 43.84 points or 0.17% to settle at 26,394.01. The Nifty 50 index rose 15.25 points or 0.19% at 8,142.15.

Sentiment remained upbeat for the better part of the day after the government yesterday provided yet another opportunity to black money holders to legalise their wealth. The government has proposed to tax at 50% the unaccounted demonetised cash that is disclosed voluntarily till 30 December, after which a steep up to 85% tax and penalty will be levied on undisclosed wealth that is discovered by authorities.

Idea Cellular surged 4.42% on media reports that the company is likely to sell 100% stake in its tower subsidiary. Idea Cellular has dropped its earlier plans to sell a minority stake in the tower business and now it is looking to sell 11,000 telecom towers for close to $1 billion, reports suggested.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was slight 0.01% down at 6902.71. Indonesias Jakarta Composite index added 0.4% to 5136.67. Taiwans Taiex fell 0.3% to 9192.38. South Koreas KOSPI index edged up 0.01% to 1978.39. Malaysias KLCI was down 0.1% to 1626.93. Singapores Straits Times index rose 0.2% to 2879.14.

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Hong Kong Stocks fall, energy shares weigh
Nov 29,2016

The Hong Kong stock market ended lower on Tuesday, 29 November 2016, weighed down by energy shares as oil prices dropped on doubts that producer cartel OPEC would hammer out an output cut this week. Investors risk appetite was also curbed by a lacklustre performance in global equity markets overnight. Wall Street suffered its worst performance in nearly a month, while European stocks also softened, led by a slump in Italian banks as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. But losses were limited ahead of next weeks unveiling of the much-anticipated Shenzhen-Hong Kong Stock Connect, which will offer foreign individual investors access to the tech-heavy Shenzhen market for the first time. Sector performance was mixed, with energy and raw material shares sliding while industrial and utilities gained. The Hang Seng Index ended down 0.41%, or 93.50 points, to 22,737.07 and the Hang Seng China Enterprises index fell 0.3%, or 29.33 points, to 9,846.21. Turnover decreased to HK$68.7 billion from HK$70.6 billion on Monday.

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China Market attains highest level 11 months
Nov 29,2016

Mainland China stock market extended their bull run for a fourth session on Tuesday, 29 November 2016, closing at the highest level in almost 11 months as investors hopes that speculation curbs on the real estate market will push funds into equities. Investor sentiment also received a boost after Morgan Stanley upgraded their ratings on mainland stock markets. The blue-chip CSI300 index rose 0.82%, to 3,564.04, while the Shanghai Composite Index gained 0.18% to 3,282.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.77% to 2,110.36. The measure has added 5.9% so far this month.

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Nikkei falls on profit booking, soft offshore lead
Nov 29,2016

The Japan share market declined for second straight session on Tuesday, 29 November 2016, as investors continued locking gains after the benchmark index hit 11-months high at the end of last week and on tracking negative lead from Wall Street overnight and a pause in the yens recent weakening.. Total 20 out of 33 TSE industry categories on the main section declined, with Insurance, Iron & Steel, Securities & Commodities Futures, and Glass & Ceramics Products being major losers, while Fishery, Agriculture & Forestry, Chemicals, and Foods issues being notable gainers. The benchmark Nikkei 225 index dropped 0.27%, or 49.85 points, to close at 18,307.04, while the broader Topix index of all first-section issues lost 0.07%, or 1.01 points, to 1,468.57.

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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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