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China Equity Market shut for Lunar New Year holiday
Jan 27,2017

Mainland China stock market shut on Friday, 27 January 2017, for the week-long Lunar New Year holiday and will resume trade on Friday, 3 February 2017.

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Hang Seng ends down ahead of Chinese New Year holidays
Jan 27,2017

The Hong Kong stock market closed edged down in a truncated session on Friday, 27 January 2017, as investors took profit ahead of the Lunar New Year holiday weekend. The Hang Seng Index edged down 0.06% or 13.39 points to close at 23,360.78. The Hang Seng China Enterprises index, or the H-share index, shed 0.51% or 50.31 points to 9,804.05. The Hang Seng was up 2.1 percent for the week, and the jumped 6.2 percent for the month. The Hong Kong market will be closed on Monday and Tuesday for the Lunar New Year. Trading will resume on Wednesday, 1 February 2017.

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Banks lift Australia share market
Jan 27,2017

Australian equity market ended higher on Friday, 27 January 2017, with shares of banks and energy players leading rally. At the closing bell, the benchmark S&P/ASX 200 index added 42.50 points, or 0.75%, to 5714, while the broader All Ordinaries index jumped 39.60 points, or 0.69%, to close at 5765.60.

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Asia Pacific Market: Stocks subdued on concerns of US protectionism
Jan 24,2017

Asia Pacific equity market closed mixed on Tuesday, 24 January 2017, as U.S President Donald Trumps trade protectionist stance dented the dollar and tempered concerns over capital outflows. MSCIs broadest index of Asia-Pacific shares outside Japan edged up 0.1%.

Risk sentiments were subdued overall regional market amid concerns over President Donald Trumps global trade plans and comments from his Treasury Secretary pick over a stronger dollar. Trump followed up an inauguration speech seen as angry and protectionist by making his first official act the withdrawal from the 12-nation Trans-Pacific Partnership (TPP). He also said he would renegotiate the North American Free Trade Agreement with Canada and Mexico and threaten to impose border taxes, while his chief spokesman warned he would not hesitate to confront Beijing the South China Sea issue.

The market is afraid that if President Trump further intensifies his protectionist colours with border taxes, the global economy will start shrinking.

Sentiment took a fresh knock when U.S. Treasury Secretary nominee Steven Mnuchin told senators that he would work to combat currency manipulation but would not give a clear answer on whether he views China as manipulating its yuan. In written answers to a Senate Finance Committee, Mnuchin also reportedly said an excessively strong dollar could be negative in the short term. Against a basket of currencies, the dollar index was down 0.1% at 100.040.

Among Asian bourses

Australia Market recovers

Australian share market recovered most of previous day losses, on the back of strong buying in materials and resources counter, thanks to gains in base metal prices and positive earnings news from steelmaker BlueScope Steel and medical device maker ResMed. At the closing bell, the benchmark S&P/ASX 200 recovered 39.1 points, or 0.7%, to end at 5650.1.

Material sector had best day today, as Chinese iron-ore futures surged and BlueScope Steel tipped better-than-expected half-year earnings. Iron-ore producers BHP Billiton, Rio Tinto and Fortescue Metals Group were all stronger, gaining between 2.4% and 5.5%. BHP closed at its highest level since mid-2015 and Rio ended at its strongest level since March that year. BlueScope, Australias biggest steelmaker, jumped 8% for the day after forecasting stronger first-half profit, thanks to a rise in steel prices and better-than-anticipated iron-ore prices that lifted the profitability of its New Zealand iron-sands business.

The healthcare sector also saw gains, with Resmed Incs rising 7.6% to their highest in four months after sleep disorder equipment supplier posted jump in second-quarter revenue. The company lifted second-quarter revenue by 17%, or 18% on a constant currency basis, to $US530.4 million, helped by income from the Brightree business it acquired in 2016. However, its net profit declined 20% to $US76.7 million due to increased operating expenses.

Japan Stocks fall on stronger yen

The Japan share market continued losses, as firmer yen against the U.S. dollar pressured exporters, while sentiment was clouded after U.S. President Donald Trump renewed a threat to levy border taxes on companies that move production overseas. The key 225-issue Nikkei Stock Average lost 103.04 points, or 0.55%, to close at 18,787.99, while the Topix index of all first-section issues shed 0.55%, or 8.30 points, to 1,506.33.

Japanese exporters stocks declined as the yen appreciated against the greenback and other major currencies, on concerns about President Donald Trumps protectionist policy stance spilled over to the safety of yen -- seen as a safe investment. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits. Toyota dropped 1.65% to 6,579 yen and Honda shed 1.66% to 3,375 yen. Toshiba fell 3.38% to 259.8 yen while market heavyweight Fast Retailing, the operator of Uniqlo clothing chain, sank 2.72% at 35,350 yen.

Among other individual stock movers, Takata dived 5.99% to 439 yen, a seventh straight loss that has seen its market value more than halved over fears of a lengthy bankruptcy restructuring for the airbag maker at the centre of the biggest-ever auto safety recall.

Mitsubishi Heavy Industries fell 1.64% to 515.5 yen, extending the previous days losses after it postponed delivery of its long-awaited regional jet by two years and warned over soaring development costs for the problem-plagued plane.

China Equities edge up as liquidity levels rise on cash infusion

Mainland China stock market finished session at fresh two-week high in thin trade, as move by Chinas central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable and neutral. Market gains were, however, limited as investors were reluctant to stake out fresh positions ahead of the week-long Chinese New Year holiday. Sentiment was also affected by renewed debt worries after Beijing reported a significantly larger fiscal deficit in 2016. Most sectors remained largely unchanged. Gains were led by cyclical stocks, in particular banks and ferrous metals and oil sectors. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.01% to close at 3,364.45. The Shanghai Composite Index added 0.18% to close at 3,142.55. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, shed 0.3% to 1896.45. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1.38% to 1,861.22 points.

The use of the n++Temporary Liquidity Facility (TLF),n++ announced by the central bank last Friday, is expected to inject several hundred billion yuan into the banking system, according to the Financial News publication, which is affiliated with the Peoples Bank of China (PBOC). The PBOC made the funds available to the countrys five biggest banks after short-term funding costs spiked to near 10-year highs heading into the long Lunar New Year holiday starting Jan. 27, sparking fears of a cash squeeze. The central bank has avoided cutting banks required reserve ratios (RRRs) too frequently, because the move would inject a large amount of liquidity into the banking system, pushing down yields, fuelling expectations of monetary policy loosening, and increasing depreciation pressure on the yuan. TLF is another gadget in the central banks expanding toolkit and will continue to play an important role in the future.

The fiscal deficit was larger than the government targeted, as the worlds second-largest economy has relied on government spending to stabilise economic growth in the past year, raising concerns about Chinas mounting debt load.

Energy sector advanced after receiving a boost from heavyweights China Petroleum & Chemical Corp and PetroChina Co. Both added more than 2% on restructuring hopes.

Beijing Originwater Technology tumbled 9% to hit a near 7-month low after it posted a profit forecast for 2016.The stock was down 12.6% year-to-date after losing 16.6% in 2016.

Hang Seng notches gains

The Hong Kong stock market closed up, thanks to strength in resources shares. The Hang Seng Index added 0.22% or 51.34 points to close at 22,949.86. The Hang Seng China Enterprises index, or the H-share index, rose 0.33% or 32.44 points to 9,759.26. Turnover increased slightly to HK$60.5 billion from HK$56.1 billion on Monday.

Shares of resources linked companies advanced on reports that the SASAC aims at speeding up integration among steel, coal and power industries. China Shenhua (01088) climbed 3% to HK$16.28. Yitai Coal (03948) surged 14% to HK$5.85 on positive profit alert. Yanzhou Coal (01171) jumped 5% to HK$5.85. China Coal (01898) soared 6% to HK$4.12.

PetroChina (00857) and Sinopec (00386) climbed 2% to HK$6.18 and HK$6.2. COSL (02883) gained 5% to HK$7.95 after CLSA upgraded its rating to outperform with a higher target price of HK$8.8.

India Indices gain for second day in a row

Key benchmark indices logged decent gains led by index heavyweights L&T, HDFC and Reliance Industries. The barometer index, the S&P BSE Sensex, gained 258.24 points or 0.95% to settle at 27,375.58. The Nifty 50 index gained 84.30 points or 1% to settle at 8,475.80.

Idea Cellular gained 3.21%. The company is proposing to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 2,000 crore on private placement basis. The announcement was made after market hours today, 24 January 2017. The tenure of NCDs is five years and carry a coupon rate of 8.04% per annum.

Wipro rose 0.35%. The company announced that TK Kurien, Executive Vice Chairman and member of the board will retire on 31 January 2017. The announcement was made after market hours today, 24 January 2017.

Bharti Infratel gained 0.92% after consolidated net profit rose 25% to Rs 620 crore on 10% growth in revenue to Rs 3401 crore in Q3 December 2016 over Q3 December 2015. The companys consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) rose 9% to Rs 1496 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

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Australia Market recovers
Jan 24,2017

Australian share market recovered most of previous day losses on Tuesday, 24 January 2017, on the back of strong buying in materials and resources counter, thanks to gains in base metal prices and positive earnings news from steelmaker BlueScope Steel and medical device maker ResMed. At the closing bell, the benchmark S&P/ASX 200 recovered 39.1 points, or 0.7%, to end at 5650.1.

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Japan Stocks fall on stronger yen
Jan 24,2017

The Japan share market continued losses on Tuesday, 24 January 2017, as firmer yen against the U.S. dollar pressured exporters, while sentiment was clouded after U.S. President Donald Trump renewed a threat to levy border taxes on companies that move production overseas. The key 225-issue Nikkei Stock Average lost 103.04 points, or 0.55%, to close at 18,787.99, while the Topix index of all first-section issues shed 0.55%, or 8.30 points, to 1,506.33.

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China Equities edge up as liquidity levels rise on cash infusion
Jan 24,2017

Mainland China stock market finished session at fresh two-week high in thin trade on Tuesday, 24 January 2017, as move by Chinas central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable and neutral. Market gains were, however, limited as investors were reluctant to stake out fresh positions ahead of the week-long Chinese New Year holiday. Sentiment was also affected by renewed debt worries after Beijing reported a significantly larger fiscal deficit in 2016. Most sectors remained largely unchanged. Gains were led by cyclical stocks, in particular banks and ferrous metals and oil sectors. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.01% to close at 3,364.45. The Shanghai Composite Index added 0.18% to close at 3,142.55. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, shed 0.3% to 1896.45. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1.38% to 1,861.22 points.

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Hang Seng notches gains
Jan 24,2017

The Hong Kong stock market closed slight gains on Tuesday, 24 January 2017, thanks to strength in resources shares. The Hang Seng Index added 0.22% or 51.34 points to close at 22,949.86. The Hang Seng China Enterprises index, or the H-share index, rose 0.33% or 32.44 points to 9,759.26. Turnover increased slightly to HK$60.5 billion from HK$56.1 billion on Monday.

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Asia Pacific Market: Stocks fluctuate on Trump protectionist stance
Jan 23,2017

Asia Pacific share market closed mixed on Monday, 23 January 2017, following inaugural words from US President Donald Trump on Friday which signally failed to address market concerns about his administrations policy path and signaled an isolationist stance on trade and other issues. Trump also made it clear that he plans to hold talks with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement.

Trump sounded protectionist as he pledged to end what he called an American carnage of rusted factories and vowed to put America first. Trump also intends to withdraw from the 12-nation Trans-Pacific Partnership (TPP) trade pact and is planning to renegotiate the North American Free Trade Agreement (NAFTA).

President Donald Trump prepared to sign executive orders on Monday to withdraw the U.S. from the Trans-Pacific Partnership trade deal and renegotiate the North American Free Trade Agreement, according to media reports. Investors have been looking for details on campaign-trail promises to boost growth and government spending. Investors are also looking at how the Trump presidency will affect trade in Asia, particularly China.

Among Asian bourses

Australia Market falls as Brambles profit warning, Trump speech

Australian share market finished session steep lower, pulled down by a Brambles profit warning as well as general unease following the inauguration of the new US President. At the closing bell, the benchmark S&P/ASX 200 index declined 43.80 points, or 0.77%, to 5611, while the broader All Ordinaries index dropped 41.70 points, or 0.73%, to close at 5668.

Industrial sector was the worst performer as Brambles dived to its lowest in more than 11 months to close down 15.8% at A$10.34 after supply-chain Logistics Company said its annual constant-currency sales revenue and underlying profit growth would be below its current guidance range. Brambles said that, taking into account currency fluctuations - 60% of the groups revenue is generated in currencies other than the US dollar - it expects first-half sales revenue will be up 5% and underlying profit will be up 3%. The supply chain logistics group said that in light of those results it expects full-year results to be below its previous guidance range of 7 to 9% for sales revenue and 9-11% for underlying profit.The sell-off pushed other industrials, as Monadelphous lost 3.5% and Downer EDI fell 2.2%.

Healthcare stocks moved into the red with shares of CSL posting their biggest%age loss in more than a week, as traders were booking some profit from CSL after it rose quite significantly in the last two sessions.

Bucking the trend were gold miners as investors sought the precious metals safe haven status. Evolution Mining was the top gainer among the biggest 200 stocks, rising 3.2%, while Newcrest added 1.7%.

Japan Stocks fall on stronger yen, Trump protectionist trade views

The Japan share market settled down, as risk sentiments dented on a stronger yen and on concern over U.S. President Donald Trumps protectionist trade views. The key 225-issue Nikkei Stock Average lost 246.88 points, or 1.29%, to close at 18,891.03, while the Topix index of all first-section issues shed 1.23%, or 18.83 points, to 1,514.63.

Japanese exporters stocks declined as the yen fell against the greenback and other major currencies. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits. Toyota Motor fell 1.63%, Honda Motor lost 1.72%, while Sony was off 1.15% and Panasonic was down 1.62%. Toshiba shares surged 9%, after several media reports that it is in the midst of preparing for the sale of its semiconductor business.

Insurers were also down as Japanese government bond yields declined after U.S. Treasury yields lost their recent upward momentum. Dai-ichi Life Holdings Inc. lost 1.7% to Y2,029.0. T&D Holdings Inc. fell 1.7% to Y1,608.0.

Airbag maker Takata Corp. fell 18% to Y467, the lower limit of the daily trading range, amid continued concerns about possible legal liquidation. The shares lost 47% last week.

Sharp Corp. rose 2.7% to Y305 following news that its parent and electronics manufacturer Foxconn Technology Group is considering investing $7 billion to build a flat-panel screen factory in the U.S.

China Stocks end at 2-week high

Mainland China stock market ended at a two-week high, as market sentiment received a modest boost after the Peoples Bank of China injected a record amount of cash last week into the banking system to ease the liquidity squeeze before the Lunar New Year holidays. Market gains were, however, limited as investors were reluctant to stake out fresh positions ahead of the week-long Chinese New Year holiday. Most sectors were largely unchanged but gains were led by the materials sector, underpinned by a broadly weaker U.S. dollar. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.27% to close at 3,364.08. The Shanghai Composite Index added 0.44% to close at 3,136.77. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.87% to 1902.14. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.35% to 1,887.32 points.

To ease the liquidity squeeze, the Peoples Bank of China injected a net 1.19 trillion yuan into the money market last week, the highest weekly net injection on record. The Peoples Bank of China said on Friday it would provide temporary liquidity support for 28 days to several major banks to address seasonal liquidity stress ahead of the Lunar New Year, a new policy tool designed to ease cash shortages. The stock market will be closed from Jan. 27 to Feb 2.

National defence-related shares surged after Beijing announced on Sunday that President Xi Jinping would head a new commission overseeing joint military and civilian development. Beijing BDStar Navigation was suspended from trading after rising by the 10% daily limit to 30.57 yuan. Xian Tian He Defense Technology also soared 10% to close at 26.49 yuan.

Chengdu CORPRO Technology Co. rose 7% in Shenzhen after the China Securities Journal reported that the Ministry of Transport plans to increase use of the companys navigation satellite system

Hang Seng notches slight gains

The Hong Kong stock market notched slight gains, fuelled by Wall Streets rally last Friday following the inauguration of US president Donald Trump. But gains were limited as investors waited to see how U.S. President Donald Trumps protectionist policies influence relations between the worlds two largest economies. Shares of baby formula manufacturers and dairy shares posted strong gains on reports Number of new babies born in 2016 was increased noticeably. The Hang Seng Index added 0.06% or 12.61 points to close at 22,898.52. The Hang Seng China Enterprises index, or the H-share index, rose 0.11% or 11.10 points to 9,726.82. Turnover was unchanged from Friday at HK$56.1 billion.

Shares of baby formula manufacturers and dairy shares posted strong gains, after China announced that births in 2016 increased to 17.86 million, up significantly from the yearly average of 1.4 million from 2011 to 2015, marking the highest level since 2000, thanks to the n++two-childn++ policy. Statistics from the National Health and Family Planning Commission showed that second born children accounted for more than 45% of the total births in 2016. Yashili International Holdings, the countrys top baby formula maker, surged 9.7% to close at HK$1.58, the best closing level in more than a month. China Mengniu Dairy Company advanced 1.6% to HK$14.22. Diaper maker Hengan International also rose 1.4% to HK$59.8.

China Shenhua (01088) rose 1% to HK$15.88 after the company said its 2016 coal sales jumped 6.6%. China Coal (01989) climbed 1.8% to HK$3.87.

Sensex manages to hold above 27,000 amid volatility

Indian benchmark indices logged steady gains amid intraday volatility on first day of the week led by gains in index heavyweights ITC and HDFC. The barometer index, the S&P BSE Sensex, rose 82.84 points or 0.31% to settle at 27,117.34. The Nifty 50 index gained 42.15 points or 0.5% to settle at 8,391.50.

FMCG major, Hindustan Unilever (HUL) gained 0.25%. The companys net profit rose 6.82% to Rs 1037.93 crore on 1.51% decline in total income to Rs 8400.38 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours today, 23 January 2017.

RBL Bank jumped 5.65% after net profit rose 58.78% to Rs 128.69 crore on 38.98% growth in total income to Rs 1143.48 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 20 January 2017.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.3% to 7067.85. South Koreas KOSPI index added 0.02% to 2065.99. Taiwans Taiex index added 1% to 9424.05. Malaysias KLCI jumped 0.4% to 1671.31. Indonesias Jakarta Composite index fell 0.1% to 5250.97. Singapores Straits Times index grew 0.5% to 3025.48.

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Hang Seng notches slight gains
Jan 23,2017

The Hong Kong stock market notched slight gains on Monday, 23 January 2017, fuelled by Wall Streets rally last Friday following the inauguration of US president Donald Trump. But gains were limited as investors waited to see how U.S. President Donald Trumps protectionist policies influence relations between the worlds two largest economies. Shares of baby formula manufacturers and dairy shares posted strong gains on reports Number of new babies born in 2016 was increased noticeably. The Hang Seng Index added 0.06% or 12.61 points to close at 22,898.52. The Hang Seng China Enterprises index, or the H-share index, rose 0.11% or 11.10 points to 9,726.82. Turnover was unchanged from Friday at HK$56.1 billion.

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China Stocks end at 2-week high
Jan 23,2017

Mainland China stock market ended at a two-week high on Monday, 23 January 2017, as market sentiment received a modest boost after the Peoples Bank of China injected a record amount of cash last week into the banking system to ease the liquidity squeeze before the Lunar New Year holidays. Market gains were, however, limited as investors were reluctant to stake out fresh positions ahead of the week-long Chinese New Year holiday. Most sectors were largely unchanged but gains were led by the materials sector, underpinned by a broadly weaker U.S. dollar. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.27% to close at 3,364.08. The Shanghai Composite Index added 0.44% to close at 3,136.77. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.87% to 1902.14. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.35% to 1,887.32 points.

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Japan Stocks fall on stronger yen, Trump protectionist trade views
Jan 23,2017

The Japan share market settled down on Monday, 23 January 2017, as risk sentiments dented on a stronger yen and on concern over U.S. President Donald Trumps protectionist trade views. The key 225-issue Nikkei Stock Average lost 246.88 points, or 1.29 percent, to close at 18,891.03, while the Topix index of all first-section issues shed 1.23%, or 18.83 points, to 1,514.63.

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Australia Market falls as Brambles profit warning, Trump speech
Jan 23,2017

Australian share market finished session steep lower on Monday, 23 January 2017, pulled down by a Brambles profit warning as well as general unease following the inauguration of the new US President. At the closing bell, the benchmark S&P/ASX 200 index declined 43.80 points, or 0.77%, to 5611, while the broader All Ordinaries index dropped 41.70 points, or 0.73%, to close at 5668.

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China PBOC Drains Net CNY10 Bln at OMOs
Jan 23,2017

The Peoples Bank of China injected CNY20 billion via 14-day reverse repos and CNY20 billion via 28-day reverse repos at its open-market operations on Monday. The moves resulted in a net drain of CNY10 billion at the OMO for the day.The benchmark seven-day repo opened at 2.34%, lower than the closing rate at 2.5151% on Friday.

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Japan Corporate Loan Demand Up, Households Dip
Jan 23,2017

Corporate demand for financing via bank loans in January posted the second consecutive quarterly rise, reflecting higher sales and capital investment, according to the Bank of Japans quarterly survey of senior loan officers at 50 banks released on Monday.

The index for corporate fund demand - which is calculated by subtracting the number of banks reporting a decline in lending from the number of those reporting an increase - stood at +7 in January after rising to +6 in October from +4 in July. The latest survey period was from Dec. 9 to Jan. 12.

By contrast, the index showing household demand for funds fell to +8 in January from +10 in October for the second consecutive drop due to lower housing investment and consumption as well as an increase in income. The index for future demand is expected to be +4, unchanged from three months ago.

The index for demand from large companies was unchanged from three months ago at +1 while the index for small businesses rose to +8 from +5.

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