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China Equities close flat
Feb 14,2017

Mainland China stock market settled near flat line on Tuesday, 14 February 2017, as stronger-than-expected inflation data reinforced speculation of a shift by Beijing to a more tighter policy stance. Most sectors edged lower, while gains were led by material shares. At the close, the blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, edged down 0.01% to close at 3,435.80. The Shanghai Composite Index added 0.03% to close at 3,217.93. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, shed 0.02% to 1964.32. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, dropped 0.22% to 1,909.40 points.

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Australia Market snaps five day winning streak
Feb 14,2017

Australian equity market ended lower on Tuesday, 14 February 2017, snapping five day winning streak, as investors elected to book recent profit. ASX sectoral performance was mixed, with earnings worries dragged on consumer and healthcare stocks. At the closing bell, the benchmark S&P/ASX 200 index was off 0.1%, or 5.50 points, at 5,755.2, while the broader All Ordinaries index shed 2 points, or 0.03%, to close at 5810.90.

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Nikkei falls 1.1% on strong yen; Toshiba tumbles
Feb 14,2017

The Japan share market settled down on Thursday, 09 February 2017, as risk sentiment weighed down by yen ascent against the dollar and worries over corporate earnings results after Toshiba announcing it had requested a delay in filing its earnings report. At the close, the Nikkei Stock Average declined 220.17 points, or 1.13%, to 19,238.98. The Topix index of all first-section issues closed down 15.08 points, or 0.97%, at 1539.12. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1782 to 1245 and 309 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 4.10% to 17.77 a new 1-month low.

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Asia Pacific Market: Asia stocks mostly higher
Feb 09,2017

Asia Pacific share market mostly up on Thursday, 09 February 2017, as investors took inspiration from corporate earnings and put aside for now the political risks that have dominated markets this week. MSCIs broadest index of Asia-Pacific shares outside Japan gained 0.25% to their highest since July 2015, with Hong Kong, Taiwan and China among the regions best-performing markets.

Investors had in recent weeks been pondering the potential impact of the protectionist policies of U.S. President Donald Trump, an unpredictable European electoral future and a potential winding-down of central bank stimulus that has lifted risky assets across the globe.

Overseas, most European stocks edged higher after the UK House of Commons yesterday, 8 February 2017, approved legislation that would allow Prime Minister Theresa May to begin negotiations regarding the countrys exit from the European Union. The lower house of Parliament backed the bill in a 494-122 vote, as per reports. The bill now moves to the House of Lords. May wants to trigger Article 50 of the Lisbon Treaty by 31 March 2017, a move that would formally kick off exit talks. UK citizens narrowly voted last June to leave the EU.

Major U.S. indexes closed mixed on Wednesday, with the Dow Jones industrial average down 0.18% at 20,054.34, the S&P 500 gained 0.07%, at 2,294.67 and the Nasdaq composite ended 0.15% higher at 5,682.45.

The dollar index, which tracks the greenback against a basket of currencies, was stronger at 100.31, up from levels below 100 earlier this week.

Oil prices settled higher on the back of an unexpected draw in U.S. gasoline inventories. Brent crude traded up 0.56% to $55.43 during Asian hours, while U.S. crude gained 0.52% to $52.61.

Meanwhile, Japans core machinery orders rebounded more than expected in December from the prior months fall. The Cabinet Office data showed core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 6.7% in December, the fastest month-on-month gain in six months.

Among Asian bourses

Japan Stocks fall on strong yen; eyes on US-Japan talks

The Japan share market settled down, as risk sentiment weighed down by yen ascent against the dollar and uncertainty over the outcome of a summit meeting between Prime Minister Shinzo Abe and Trump in Washington on Friday. The Nikkei Stock Average declined 99.93 points, or 0.53%, to 18907.67. The Topix index of all first-section issues closed down 10.60 points, or 0.7%, at 1513.55.

Many investors were opting for a wait-and-see stance to see the outcome of a summit between Prime Minister Shinzo Abe and Trump in Washington on Friday. Market participants held back from buying on fears that Trump may criticize Japan over automobile exports to the United States and the yen-dollar exchange rates.

Shares of exporters related companies suffered selling pressure after the dollar temporarily fell below 112 yen level on concerns about the unstable political situation in France and uncertainties over economic policies of U.S. President Donald Trumps administration. Toyota, Nissan, Honda, Fuji Heavy Industries and Suzuki were among export-oriented companies battered by the stronger yen. Hitachi met with selling after announcing on Wednesday that Mitsubishi Heavy is demanding 763.4 billion yen in compensation for losses on a thermal power plant project in South Africa, double the previous amount. Other major losers included struggling electronics-maker Toshiba, textile producer Toray and chemical-maker Kaneka.

By contrast, SoftBank attracted purchases after the mobile phone carrier reported on Wednesday a double-digit increase in operating profit in April-December thanks partly to an improvement in profitability at U.S. subsidiary Sprint. JR Kyushu rose to the highest level since its listing last October as the railway operator on Wednesday revised up its consolidated operating profit forecast for the current year through March.

Australia Stocks edge up

Australian equity market ended edge higher, as investors digest mixed earnings reports from the likes of miner Rio Tinto, investment manager AMP and AGL Energy. At the closing bell, the benchmark S&P/ASX 200 index added 13.20 points, or 0.23%, to 5664.60, while the broader All Ordinaries index grew 14.30 points, or 0.25%, to close at 5717.70.

Rio Tinto shares closed 0.7% down at A$65.25 after the miner has reported a slightly better than expected full-year net profit of US$4.6bn. As demand increased for goods, the lift in iron ore prices and cost improvements helped support returns. The companies also continued its assets sales, and over the year generated US$1.3Billion taking the total of asset sales since 2013 to US$7.7 billion. RIOs debt fell to US$ 9,587Billion and gearing ratios were reduced. RIOs Iron ore division posted a 17% lift in earnings to US$4.6 billion and total sales increased by 4.7%. Iron ore now accounts for approximately 90% of RIOs profit. Rio Tinto said it will continue to lift CAPEX over 2017 to US$5 billion after spending US$3 billion this year.

Wealth manager AMP shares ended 4% up at A$5.23 after it said it wanted to strike a second reinsurance deal for its life insurance unit to reduce its financial exposure to the troubled business. Wealth manager AMP (AMP) has reported a full year loss attributable to shareholders of A$344 million, compared to a profit of A$972 million in the previous corresponding period (PCP). In underlying terms, a measure which removes the impact of one off items, profit fell from A$1,120million to $486 million, a decline of 56%. One of the features of the result was the announcement that A$500 million will be returned to shareholders through an on-market share buy-back which will commence in the first quarter of 2017.

AGL Energy shares advanced 4.4% to A$24 after the energy provider posted profit of A$325 million, a turnaround from loss of A$449 million corresponding previous year, thanks to improved financial positioning and cost reduction program being in full swing. The Company clocked 7.7% jump in revenue to A$6030 million. AGLs ability to obtain beneficial deals in the wholesale electricity market and therefore higher margins offset the fall in wholesale gas margins. Average consumer accounts also fell by 1% over the last year. The companys ongoing rollout of its new Strategic framework is now showing returns, with AGL hitting key milestones in its A$300 million transformation program which is said to be completed by the end of the 2019 financial year. AGL confirmed it is on track for its A$170 million operation expense reduction for FY17 after listing real savings of 38 million over the half. Energy Markets earnings (EBIT) lifted by 2% to A$1,214 million even with lower sales volumes driven by mild winter weather. Gas margins were lower but this was well flagged by AGL due to higher commodity costs and squeezed margins due to tougher competition in the Queensland wholesale market. AGL said it expects its underlying profit after tax for the full 2017 financial year within the upper half of its guidance range of A$720 to A$800 million.

China Equities hit 2-month high

Mainland China stock market settled two-month high, led by the real estate sector and glass and cement makers. The gain propelled by reports land sales revenue totaled CNY172 billion last month for the top 20 cities in China, up 31.1% year on year, and after the government signalled it would reduce overcapacity in the construction materials sector. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.38% to close at 3,396.29. The Shanghai Composite Index added 0.51% to close at 3,183.18. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.66% to 1954.62. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 0.55% to 1,914.08 points.

State media reported on Wednesday that Xu Lejiang, deputy head of the Ministry of Industry and Information Technology, said China would step up supply-side reforms in the construction materials sector. Industry bellwether Anhui Conch Cement Co advanced 5.2%. Shares of glass producers Zhuzhou Kibing Group Co and CSG Holding Co gained nearly 2%.

Shares of environmental protection firms rose after Chinas securities regulator said it would encourage IPOs from more environmentally friendly companies.

The Chinese currency renminbi, or yuan, appreciated against the U.S. dollar after the Peoples Bank of China set a strong fixing rate. The PBOC set the yuan central parity at 6.8710 this morning, 0.2% stronger than 6.8849 on Wednesday. The yuan was last at 6.8697 against the U.S. unit, 0.12% stronger than the official closing price Wednesday of 6.8780.

Hong Kong Stocks gain to four month high

The Hong Kong stock market settled stronger, buoyed by gains in materials shares, and as expectations of further yuan depreciation continued to drive mainland China investors into the citys stocks. The Hang Seng Index was up 0.17% or 40.01 points to close at 23,525.14. The Hang Seng China Enterprises index, or the H-share index, jumped 1.2% or 119.83 points to 10,075.17, the highest since November 2015. Turnover increased to HK$95.9 billion from HK$89.2 billion on Wednesday.

Investors are pouncing on beaten-down stocks in Hong Kong as Chinas economy shows signs of accelerating and uncertainty about U.S. President Donald Trumps policy priorities spurs some to question the outlook for the U.S. equity market. Mainland investors purchased 932 million yuan ($136 million) of Hong Kong stocks through the link between the city and Shanghai on Thursday. Hong Kong investors bought 1.8 billion yuan of Chinas A shares through the link.

Chinese property developers ranked among the days top gainers in Hong Kong for a second straight day on optimism that low valuations and strong sales will help the industry withstand any fallout from restrictions imposed by authorities late last year. China Resources Land and China Overseas Land & Investment added 5% and 2% to HK$21.75 and HK$24.5 as Daiwa Research also named the stocks as its top picks in the sector.

Cheung Kong Property Holdings edged up 0.2%. The company is offering a 100% subsidy on stamp duty at a new luxury residential project in Hong Kong to lure buyers, South China Morning Post reported.

China pushed forward strongly its excess capacity eliminating plans on building materials. Cement makers became chasing targets of investors. Anhui Conch (00914) jumped 4% to HK$26.95. CNBM (03323) gained 1% to hK$5.28 after an 11% surge yesterday.

Chinese financial plays became focus of the market today on research house Bernsteins bullish comments. CCB (00939) gained 1% to HK$5.92, with HK$3.02 billion worth of shares changing hands. BOC (03988) and ICBC (01398) also put on 2% and 1% to HK$3.72 and HK$4.87. Ping An Insurance Group rose 1.1% and China Life Insurance added 0.6% on expectations a recent increase in mainland bond yields will boost their investment returns.

Sensex closes up ahead of key macro data release

Indian stock market settled the day marginally higher after a volatile session of trade as firmness in global stocks supported gains. The barometer index, the S&P BSE Sensex, rose 39.78 points or 0.14% to settle at 28,329.70. The Nifty 50 index rose 9.35 points or 0.11% to settle at 8,778.40.

Banking stocks fell after the Reserve Bank of India (RBI) kept its policy rates on hold and said it would shift its stance from accommodative to neutral, signalling an end to any further rate cuts. Among PSU banks, Punjab National Bank (down 3.37%), Corporation Bank (down 3.3%), United Bank of India (down 3.14%), Punjab & Sind Bank (down 2.97%), Bank of Maharashtra (down 2.18%), Syndicate Bank (down 1.74%), Bank of Baroda (down 1.39%), Vijaya Bank (down 1.1%), UCO Bank (down 1.08%), Allahabad Bank (down 0.94%), Central Bank of India (down 0.88%), State Bank of India (down 0.52%), Canara Bank (down 0.23%) and Dena Bank (down 0.13%), edged lower. Andhra Bank (up 1.23%), Indian Bank (up 1.62%) and Bank of India (up 3.09%), edged higher.

Union Bank of India lost 7.86% to Rs 153.65 after the banks ratio of net non-performing assets to net advances rose to 6.95% as on 30 December 2016 from 6.39% as on 30 September 2016 and 4.07% as on 30 December 2015. Union Bank of Indias ratio of gross non-performing assets (NPA) to gross advances rose to 11.7% as on 30 December 2016 from 10.73% as on 30 September 2016 and 7.05% as on 30 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Union Bank of Indias net profit rose 32.42% to Rs 104 crore on 8.95% rise in total income to Rs 9589.45 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Among private sector banks, City Union Bank (down 4.2%), IndusInd Bank (down 1.19%), HDFC Bank (down 0.56%), ICICI Bank (down 0.4%), Yes Bank (down 0.27%) and RBL Bank (down 0.17%), edged lower. Kotak Mahindra Bank (up 0.35%) and Federal Bank (up 0.66%), edged higher.

Axis Bank dropped 0.52% to Rs 484.95. The bank clarified during market hours today, 9 February 2017, that news item about a possible merger between Kotak Mahindra Bank and Axis Bank is baseless speculation.

Cipla dropped 2.65% to Rs 587. The companys consolidated net profit rose 44% to Rs 374.83 crore on 18.08% rise in total income to Rs 3800.70 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

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Hong Kong Stocks gain to four month high
Feb 09,2017

The Hong Kong stock market settled stronger on Thursday, 09 February 2017, buoyed by gains in materials shares, and as expectations of further yuan depreciation continued to drive mainland China investors into the citys stocks. The Hang Seng Index was up 0.17% or 40.01 points to close at 23,525.14. The Hang Seng China Enterprises index, or the H-share index, jumped 1.2% or 119.83 points to 10,075.17, the highest since November 2015. Turnover increased to HK$95.9 billion from HK$89.2 billion on Wednesday.

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China Equities hit 2-month high
Feb 09,2017

Mainland China stock market settled two-month high on Thursday, 09 February 2017, led by the real estate sector and glass and cement makers. The gain propelled by reports land sales revenue totaled CNY172 billion last month for the top 20 cities in China, up 31.1% year on year, and after the government signalled it would reduce overcapacity in the construction materials sector. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.38% to close at 3,396.29. The Shanghai Composite Index added 0.51% to close at 3,183.18. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.66% to 1954.62. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 0.55% to 1,914.08 points.

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Japan Stocks fall on strong yen; eyes on US-Japan talks
Feb 09,2017

The Japan share market settled down on Thursday, 09 February 2017, as risk sentiment weighed down by yen ascent against the dollar and uncertainty over the outcome of a summit meeting between Prime Minister Shinzo Abe and Trump in Washington on Friday. The Nikkei Stock Average declined 99.93 points, or 0.53%, to 18907.67. The Topix index of all first-section issues closed down 10.60 points, or 0.7%, at 1513.55.

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Australia Stocks edge up
Feb 09,2017

Australian equity market ended edge higher on Thursday, 09 February 2017, as investors digest mixed earnings reports from the likes of miner Rio Tinto, investment manager AMP and AGL Energy. At the closing bell, the benchmark S&P/ASX 200 index added 13.20 points, or 0.23%, to 5664.60, while the broader All Ordinaries index grew 14.30 points, or 0.25%, to close at 5717.70.

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Hong Kong Stocks gain to three and a half month high
Feb 08,2017

The Hong Kong stock market closed the day at a three and a half month high on Wednesday, 08 February 2017, boosted by shares of China property developers on bullish profit prospects and a valuation gap. Sentiment was also lifted by rising capital inflows from investors in mainland China. The Hang Seng Index was up 0.66% or 153.56 points to close at 23,485.13. The Hang Seng China Enterprises index, or the H-share index, jumped 1.11% or 109.28 points to 9,955.34. Turnover increased significantly to HK$89.2 billion from HK$68.7 billion on Tuesday.

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China Equities close near one-month high
Feb 08,2017

Mainland China stock market settled near one-month high on Wednesday, 08 February 2017, helped by strong rallies in the financial and property sectors. However, market gains was limited on news Chinas foreign exchange reserves fell below $3 trillion in January for the first time in six years as it battled to support the yuan in the face of huge capital outflows. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.52% to close at 3,383.29. The Shanghai Composite Index added 0.44% to close at 3,166.98, its highest since Jan 11. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.76% to 1941.79. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 0.77% to 1,903.63 points.

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Japan Stocks end higher after seesaw session
Feb 08,2017

The Japan share market settled higher after a seesaw session on Wednesday, 08 February 2017, helped by yen descent against the dollar and several solid earnings results, while uncertainty over U.S. policies and European politics capped market gains. Investors were also refrained from buying actively to see the outcome of a summit meeting between Prime Minister Shinzo Abe and Trump in Washington on Friday. The Nikkei Stock Average rose 96.82 points, or 0.5%, to 19007.60 following a 0.3% decline on Tuesday. The Topix index of all first-section issues closed up 8.00 points, or 0.53 percent, at 1,524.15, after falling 4.27 points the previous day.

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Asia Pacific Market: Shares gain on Wall Street cue
Feb 06,2017

Asia Pacific share market climbed on Monday, 06 February 2017, taking their cue from stronger US markets after President Donald Trump signed executive orders to review banking rules implemented after the 2008 global financial crisis.

Trump ordered on Friday for reviews of major banking rules, including the Dodd-Frank Wall Street Reform and Consumer Protection Act that were put in place after the 2008 financial crisis, hinting at looser banking regulation in the future.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed by former President Barack Obama in 2010 as a response to the financial crisis. The Act created new regulatory bodies and directed already-existing agencies to write hundreds of regulations aimed at creating stability in the financial markets. Theres an expectation that some of the global banking regulations might also lighten because they dont want to put global banks at disadvantage to the US banks.

President Donald Trump on Friday signed a memorandum ordering a review of the Dodd-Frank Act, the post-financial crisis regulatory overhaul that had guided regulators such as the Federal Reserve. The aim was n++cutting a lot outn++ of those rules, Mr Trump said at the White House.

Patrick McHenry, vice-chairman of the Republican-controlled Financial Services Commission, also wrote to US Federal Reserve chairwoman Janet Yellen last week saying the Fed n++must ceasen++ all efforts to negotiate binding standards such as the Basel accords governing bank capital until Mr Trump could appoint his own people.

Those occurred as expectations among investors of higher interest rates, less regulation and stronger economic growth stoked optimism banks would be able to return more capital to shareholders. While there is no guarantee the banks will do so, they have been eager in recent years to return capital as their profits have grown and their balance sheets have become less risky.

The six biggest US banks could return more than $US100 billion in capital to investors through dividends and share buybacks if the Trump administration succeeds in a push to loosen bank regulation.

Among Asian bourses

Australia Market ends down

Australian equity market ended tad lower, as losses in materials and resources offset gains in financial stocks on US President Donald Trumps order to review banking regulations. At the closing bell, the benchmark S&P/ASX 200 index slid 6 points, or 0.11%, to 5615.60, while the broader All Ordinaries index sank 7.10 points, or 0.13%, to close at 5665.40.

Financials dominated gains on following strength in US peers after US President Trump ordered reviews of major banking rules, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, that were put in place after the 2008 financial crisis on Friday, hinting at looser banking regulation in the future. National Australia Bank ended 0.8% higher, even after it reported first-quarter cash earnings of A$1.6 billion, in line with expectations. Its cash profit fell 1%.

Materials stocks faltered, with index heavyweights BHP Billiton and South32 ending the session down 1.1% and 4.4%, respectively, on reports January iron ore shipments to China from Australias Port Hedland terminal, used by BHP and Fortescue Metals Group, were cut by 7.8% due to shipping interruptions caused by stormy weather. BHP also solicited government mediation with workers at its Escondida mine in Chile in a bid to avoid a strike.

Meanwhile, gold miners jumped as the yellow metal rose after a mixed U.S. jobs data dampened expectations the Federal Reserve would raise interest rates next month, hurting the dollar. The countrys biggest gold producer Newcrest Mining finished 2.5% higher.

Japan Stocks gain on firm US cues

The Japan share market settled higher, on following positive lead from Wall Street on Friday after U.S. President Donald Trumps executive order to start a review of financial system regulations and stronger-than-expected January U.S. employment data. However, the yen ascent against greenback and position-adjustment selling ahead of a summitn++ between Japanese Prime Minister Shinzo Abe and Trump in Washington on Friday capped gains on the market. The 225-issue Nikkei average rose 58.51 points, or 0.31%, to end at 18,976.71. The Topix index of all first-section issues closed up 5.43 points, or 0.36%, at 1,520.42.

Financials were upbeat after their peers in the U.S. market attracted hefty buying following Trumps executive order. The easing of financial regulations in the US is likely to work in Japanese financials favour as well. Mitsubishi UFJ Financial rose 3.38% at 754.7 yen and Sumitomo Mitsui Financial added 1.63% to 4,485 yen. Top brokerage Nomura climbed 1.22% to 741.2 yen.

Auto giant Toyota ended up 0.74% at 6,493 yen while Suzuki fell 0.48% to 4,476 yen just before the two companies announced they would begin detailed discussions on a business partnership. Honda jumped 2.04% to 3,493 yen after it revised up its full-year outlook thanks to a weaker yen.

Takata, which is at the centre of the biggest-ever auto safety recall, plunged by its daily limit of 18.65% to 436 yen. The dive came after a weekend report that Key Safety Systems, a US company acquired by Chinas Ningbo Joyson Electronic last year, has been selected as the favoured candidate to help rehabilitate the troubled airbag maker.

China Equities close up

Mainland China stock market finished session higher, with sentiment buoyed by reported progress in restructuring state-owned enterprises (SOE). A firmer Wall Street close on Friday also supported sentiment. However, gain was limited due to central banks surprise move to raise short-term interest rates late last week. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.26% to close at 3,373.21. The Shanghai Composite Index added 0.54% to close at 3,156.98. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.93% to 1927.57. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 1.26% to 1,900.45 points.

The Shanghai SOEs Index gained, fuelled by reports that ownership reforms at more than 100 Chinese central government-run enterprises would be completed by the end of this year.

Agricultural stocks rallied strongly, after the country said it would further boost farm reform. The CSI Agriculture Sub-industry Index gained 1.1%.

Sectors sensitive to interest rate ended mixed after the central banks unexpected tightening on Friday kept investors cautious. Chinas central bank surprised financial markets on Friday by raising short-term interest rates on the first trading day after the Lunar New Year holiday, in a reaffirmation of policy tightening as the economy shows signs of steadying.

Insurance firms, heavily invested in fixed income, rebounded on bargain-hunting despite renewed falls in treasury prices. Heavyweights China Life Insurance Co Ltd and Ping An Insurance Group Co of China Ltd added 2.3% and 1% respectively.

Hong Kong Stocks gain on US economic hopes

The Hong Kong stock market closed higher, with investors sentiments buoyed by solid US job growth and President Donald Trumps move to roll back financial regulations. The Hang Seng Index was up 0.95% or 219.03 points to close at 23,348.24. The Hang Seng China Enterprises index, or the H-share index, jumped 1.62% or 157.03 points to 9,840.26. Turnover increased to HK$69.4 billion from HK$58.3 billion on Friday. Among the 50 blue chips, 34 rose and 12 fell, with 4 stocks remaining unchanged.

Banks stocks rallied after the US president Donald Trump ordered review of banking regulations that were imposed after 2008 financial crisis. HSBC (00005) rose 0.8% to HK$66.35. Standard Chartered (02888) added 2.4% to HK$78.9. BOCHK (02388) put on 1.8% to HK$31. Hang Seng Bank (00011) gained 1.1% to HK$161.

Shares of insurance companies gained on reports Chinas President of National Council for Social Security Fund (NSSF) Lou Jiwei said that pension funds from a number of provinces are ready for operation. China Life (02628) soared 7.5% to HK$23. Ping An (02318) gained 4.6% to HK$40.05. CPIC (02601), and NCI (01336) rose 5.7% and 6.8% to HK$28.8 and HK$39.5.

GAC Group (02238) soared 7% to HK$11.78 after Credit Suisse said in a research report that sales of GACs Trumpchi were strong. The research house reiterated its outperform rating and HK$14.5 target price. Geely Auto (00175) jumped 5.2% to HK$10.26. Dongfeng Motor (00489) climbed 3% to HK$8.51. Great Wall Motor (02333) shot up 3.3% to HK$8.35.

Indian equities rise for 4th straight session

Indian benchmark indices settled with decent gains today. The mood was lifted by the expectations that the Reserve Bank of India may cut policy rates by 25 basis points in its next policy review announcement later this week on 8 February 2017. The barometer index, the S&P BSE Sensex, rose 198.76 points or 0.70% to settle at 28,439.28. The Nifty 50 index rose 60.10 points or 0.69% to settle at 8,801.05.

Realty stocks continued their upward journey, buoyed by the infrastructure status to affordable housing in the Budget 2017-18 to encourage investment in the segment, which also came out with tax sops for developers to complete inventories. In the realty space, HDIL soared 7.80%, Godrej Properties 3.32%, Prestige Estates Projects 2.83% and DLF 1.32%.

Sugar stocks spurted as sugar prices hovered near seven year high. Rana Sugars (up 15.64%), Shree Renuka Sugar (up 12.54%), KCP Sugar & Industries Corporation (up 11.08%), Upper Ganges Sugar & Industries (up 3.20%), Balrampur Chini Mills (up 2.74%), EID Parry (India) (up 0.73%) and Bajaj Hindusthan Sugar (up 0.21%). Weak local sugar output and firm global cues are keeping local sugar prices supported near a seven year high around Rs 4000 per quintal. As on 31st January, 2017, sugar mills in the country have produced 128.55 lac tons of sugar, as compared to 142.80 produced last season on the corresponding date. About 334 sugar mills are still operating in the current sugar season, whereas 494 sugar mills were operating last year at the end of January.

Drug major Dr Reddys Laboratories fell 1.49% to Rs 3,094.80 after consolidated net profit fell 15.95% to Rs 492.30 crore on 5.43% fall in total income to Rs 3763.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 4 February 2017.

Cement major ACC gained 3.78% to Rs 1,480.35. The companys consolidated net profit sliding 44.98% to Rs 56.34 crore on 6.13% fall in total income to Rs 2751.57 crore in Q4 December 2016 over Q4 December 2015. The result was announced after market hours on Friday, 3 February 2017.

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Hong Kong Stocks gain on US economic hopes
Feb 06,2017

The Hong Kong stock market closed higher on Monday, 06 February 2017, with investors sentiments buoyed by solid US job growth and President Donald Trumps move to roll back financial regulations. The Hang Seng Index was up 0.95% or 219.03 points to close at 23,348.24. The Hang Seng China Enterprises index, or the H-share index, jumped 1.62% or 157.03 points to 9,840.26. Turnover increased to HK$69.4 billion from HK$58.3 billion on Friday. Among the 50 blue chips, 34 rose and 12 fell, with 4 stocks remaining unchanged.

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Japan Stocks gain on firm US cues
Feb 06,2017

The Japan share market settled higher on Monday, 06 February 2017, on following positive lead from Wall Street on Friday after U.S. President Donald Trumps executive order to start a review of financial system regulations and stronger-than-expected January U.S. employment data. However, the yen ascent against greenback and position-adjustment selling ahead of a summitn++ between Japanese Prime Minister Shinzo Abe and Trump in Washington on Friday capped gains on the market. The 225-issue Nikkei average rose 58.51 points, or 0.31%, to end at 18,976.71. The Topix index of all first-section issues closed up 5.43 points, or 0.36%, at 1,520.42.

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China Equities close up
Feb 06,2017

Mainland China stock market finished session higher on Monday, 06 February 2017, with sentiment buoyed by reported progress in restructuring state-owned enterprises (SOE). A firmer Wall Street close on Friday also supported sentiment. However, gain was limited due to central banks surprise move to raise short-term interest rates late last week. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.26% to close at 3,373.21. The Shanghai Composite Index added 0.54% to close at 3,156.98. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.93% to 1927.57. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 1.26% to 1,900.45 points.

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