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Australia: Market ends higher
May 26,2016

Australian share market closed slight higher on Thursday, 26 May 2016, on the back of strength in energy and material stocks thanks to strength in crude oil and base metal prices. At close of trade, the benchmark S&P/ASX 200 index inclined 15.60 points, or 0.29%, to 5388.10. The broader All Ordinaries added 15.10 points, or 0.28%, to 5451.90. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 554 to 432 and 316 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.01% to 16.857 a new 1-month low.

The best performers of the session on the S&P/ASX 200 were Programmed Maintenance Services, which rose 17.7% to A$1.90. Meanwhile, Whitehaven Coal added 9.7% to A$0.823 and Iluka Resources was up 7% to A$6.390. The worst performers of the session were Spotless, which fell 9.5% to A$1.05. Suncorp Group declined 4.3% to A$12.62 and Ardent Leisure Group was down 3.7% to A$2.235.

Shares of energy players reaped the gains from the rising crude oil prices, with Oil Search up 0.1% to A$6.71, Santos up 4.9% to A$4.49 and Woodside up 2% to A$27.71. Poker machine maker Aristocrat Leisure rose 0.1% to A$12.45 after boosting its net profit for the first half of 2016 by 66% to $A183.2 million due to strong growth in Australia and North America and more punters using its social gaming apps.

Materials and resources stocks also rallied. Global miner BHP Billiton advanced 2.7% to A$19.41 and Rio Tinto jumped 1% to A$45.48. Pure-play iron ore producer Fortescue Metals added 2.1% to A$2.96.

Shares of banks and financial companies all added weight, with Commonwealth Bank up 0.3% to A$78.59, ANZ Banking Group up 1% to A$25.54, and Westpac Banking Corp up 1% to A$30.75, while National Australia Bank fell 0.4% to A$27.36.

Consumer staples were the major drag on the market, with Wesfarmers declining 3.6% to A$40.40 in the wake of Wednesdays A$2.3 billion Target write-down and after a analysts at Deutsche Bank said they now expected a 10% cut in the companys dividend this financial year, from A$2 to A$1.80. Citi also tipped a dividend cut, but by a much lower 3 cents to A$1.97, while Macquarie predicts a reduction to $1.92. Wesfarmers main competitor, Woolworths, also had a poor day, losing 1.2% to A$22.01.

Gaming machine company Aristocrat was steady at A$12.45, up just 0.16%, despite more than doubling half year profit to A$159.1 million.

On the currency front- The Australian currency (AUD) tread water against the US dollar and basket of other major currencies. Around late afternoon, the Australian dollar was last traded at 0.7214 against US dollar, 0.6459 against the euro, 79.4261 against the Japanese yen, 0.4906 against the British pound, 0.7156 against Swiss franc, 0.9337 against Canadian dollar, and 5.56023 against the HK dollar.

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Australia Market rises on resources rally
May 26,2016

Australian share market closed slight higher on Thursday, 26 May 2016, on the back of strength in energy and material stocks thanks to strength in crude oil and base metal prices. At close of trade, the benchmark S&P/ASX 200 index inclined 15.60 points, or 0.29%, to 5388.10. The broader All Ordinaries added 15.10 points, or 0.28%, to 5451.90. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 554 to 432 and 316 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.01% to 16.857 a new 1-month low.

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Japan Stocks rise on positive offshore lead
May 26,2016

The Japan share market ended slight higher on Thursday, 26 May 2016, helped by positive cues from global markets overnight and continued gains in oil prices. But gains were marginal as investors were awaiting comments from Federal Reserve Chairwoman Janet Yellen for more indications about whether the central bank would raise rates in near term. She is scheduled to speak at Harvard University on Friday. The 225-issue Nikkei average climbed up 15.11 points, or 0.09%, to close at 16,772.46. The Topix index of all first-section issues ended marginal 0.01 point down at 1,342.87. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 940 to 877 and 180 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 0.08% to 26.19.

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China Market ekes out gain on large cap buying
May 26,2016

Mainland China stock market eked out gains on Thursday, 26 May 2016, as late buying of large cap stocks helped equities bounce off the 2-1/2 month lows hit in the morning session. However, market gain was limited on growing worries that the economy was losing steam again after a promising start to the year. The CSI300 index of the largest listed companies in Shanghai and Shenzhen added 0.16%, to 3,064.21, while the Shanghai Composite Index grew 0.26%, to 2,822.44 points.

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Asia Pacific Market: Stocks mostly down on Tuesday as Fed rate hike woes looms
May 25,2016

Headline equities of the Asia Pacific market closed mostly down on Tuesday, 24 May 2016, following weak lead from Wall Street overnight and as speculation mounted that the US Federal Reserve will raise interest rates as early as next month. Investors in emerging markets are worried that higher interest rates in the US will drain liquidity from emerging markets and redirect it to developed economies. MSCIs broadest index of Asia-Pacific shares outside Japan fell as much as 0.6 percent, hovering near its two-and-a-half-month low hit on May 19.US stocks finished lower yesterday, 23 May 2016, as the prospect that interest rates might rise as soon as next month weighed on utilities shares. Philadelphia Fed President Patrick Harker said yesterday, 23 May 2016, that he could see two to three rate hikes in calendar year 2016 and that if the US economy shows sufficient strength, a June increase would be appropriate. St. Louis Fed President James Bullard said holding rates too low for too long could cause financial instability. San Francisco Fed President John Williams said on Sunday, 22 May 2016, that the presidential election in the US this year wouldnt prevent the central bank from raising interest rates and that a hike in interest rate in June remains likely. The minutes from the US Federal Reserves April policy meeting released last week showed that Fed policy setters discussed the possibility of a June rate increase if the economy continued to strengthen. The Federal Open Market Committee next undertakes monetary policy review on 14-15 June 2016. The US central bank had lifted rates in December 2015 for the first time in nearly a decade. Investors are awaiting for Fed Chair Janet Yellens speech this week, including Fed Chair Janet Yellen at a panel event hosted by Harvard University on Friday, to gauge how soon they will raise interest rates. Investors remained skeptical the U.S. Federal Reserve will raise short-term interest rates as soon as June, even after hawkish comments by three Fed officials overnight. A prevailing reluctance to make big bets before the Feds policy meeting next month has kept trading quiet.Investors are also likely to focus on the second estimate of U.S. first-quarter growth due out on Friday and data on new home sales, durable goods orders and consumer sentiment due this week.Among Asian boursesAustralia Market ends down Australian share market finished session lower, dragged down by losses in the materials and resources and energy stocks amid slump in commodity prices overnight. At close of trade, the benchmark S&P/ASX 200 index declined 23.34 points, or 0.44%, to 5295.60. The broader All Ordinaries fell 322.98 points, or 0.43%, to 5361.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 574 to 412 and 358 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.61% to 17.664.Shares of energy and mining companies were down. Pure-play iron ore producer Fortescue Metals dropped 1.89% to A$2.85 and Atlas Iron 5.8% to A$26.50. BlueScope Steel eased by 3% to A$6.09 after rising 7% on Monday after saying it expects full year profit to be 29% better than expected. Oil explorer Woodside Petroleum sank 1% to $26.50. However, BHP and Rio Tinto defied a fall in iron ore prices, with BHP up 0.44% to A$18.45 and Rio 0.96% to A$4.42. Flight Centre lost almost 5% to close at A$31.88, adding to yesterdays 9% fall following a profit warning caused by weaker consumer confidence brought on at least partly by the federal election.Japan Stocks slide on yen riseThe Japan share market ended lower in thin trading for the second straight session, as the yens appreciation and weak Chinese shares hurt investor sentiment. Risk sentiments were also subdued on caution ahead of key events later this week including the two-day Group of Seven summit in Ise-Shima from Thursday and a speech by U.S. Federal Reserve Chair Janet Yellen on Friday. However, markets downside was also limited by lingering hopes for fiscal action by the government and additional monetary easing by the Bank of Japan. The 225-issue Nikkei average fell 155.84 points, or 0.94%, to close at 16,498.76. The Topix index of all first-section issues ended down 12.18 points, or 0.91%, at 1,326.50. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1294 to 550 and 153 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.00% to 25.95 a new 1-month low.Japanese export-related companies continued met selling due to the stronger currency -- a minus for their profitability. They included automakers Toyota, Mazda and Fuji Heavy, electronics parts producer Murata Manufacturing, tire maker Bridgestone and industrial robot manufacturer Fanuc. Megabank Mitsubishi UFJ, mobile phone carrier SoftBank Group and clothing store chain operator Fast Retailing were also on the minus side.Shares in carmaker Nissan fell 0.8% as reports suggested the company might sell its stake in auto parts supplier Calsonic Kansei. The sale would generate cash to help develop electric cars and artificial intelligence, the Nikkei newspaper reported. Last month, Nissan took a 34% stake in Mitsubishi Motors to support the embattled company after it admitted falsifying fuel consumption figures. Major foreign car parts makers, as well as US and European investment funds, appear to be interested in the stake, the Nikkei reported. Calsonic Kansei tumbled 8.6%.By contrast, paper maker Oji Holdings, cardboard producer Rengo, airline JAL and daily goods producer Kao attracted buying. Rhythm Watch surged 10.3% after announcing Monday a plan to buy back large volumes of its own shares.China Market falls for first time in three daysMainland China stock market finished lower, as investors elected to withdraw profit off the table following gains on previous two sessions, with shares of commodity producers leading losses amid speculation raw-material prices will extend declines as a faltering economic rebound curbs demand. investor appetite was suppressed by confusion about how Beijing plans to guide the countrys slowing economy and manage financial markets, as well as concerns that new loan growth and housing sales could be weaker in May. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.8%, to 3,063.56, while the Shanghai Composite Index lost 0.8%, to 2,821.67 points. Shares of materials and resources producers tumbled the most among 10 industry groups amid speculation raw-material prices will extend declines as a faltering economic rebound curbs demand. Angang Steel Co. declined 2.1%, while Yanzhou Coal Mining plunged 3.1%. Jiangxi Copper Co. dropped at least 1.2%. Hong Kong Market ends higher in quiet tradeThe Hong Kong stock market finished higher in quiet and narrow trade, as investors are awaiting for Fed Chair Janet Yellens speech. Investors remained skeptical the U.S. Federal Reserve will raise short-term interest rates as soon as June, even after hawkish comments by three Fed officials overnight. A prevailing reluctance to make big bets before the Feds policy meeting next month has kept trading quiet. The benchmark index opened up 18 points at 19,828, and moved within 156 points a whole day. The Hang Seng Index ended up 21 points or 0.1% to 19,830. The H-share index fell 1 point or 0.02% to 8,306. Turnover increased slightly to HK$44.7 billion from HK$43.8 billion on Monday. Energy players closed weaker on tracking decline in crude oil prices. Brent crude oil futures edged lower as concerns surrounding recent disruptions to crude production eased, renewing expectations that global supplies will continue to outpace demand. Brent for July settlement was currently down 30 cents at $48.05 a barrel. The contract had fallen 37 cents or 0.75% to settle at $48.35 a barrel during the previous trading session. PetroChina (00857), Sinopec (00386) and CNOOC (00883) dropped 1.4%, 0.6% and 2% to HK$5.13, HK$5.07, and HK$8.86 respectively. Macau gaming stocks showed muscles as the government kicked off its consultation regarding the development of theme parks and non-gambling tourism projects. Meanwhile Citi Research forecast GGR in May to remain unchanged. Galaxy Ent (00027) and Sands China (01928) jumped 5% and 2.2% to HK$25 and HK$27.9. Wynn Macau (01128) added 3.7% to HK$11.3.Indian indices eke out small gainsAn upward revision in monsoon forecast for the June-September 2016 south west monsoon season from private weather forecaster Skymet and gains in European stocks aided the upmove on the domestic bourses, with the barometer index, the S&P BSE Sensex, and the Nifty 50 index snapping a four-day losing streak. The Sensex gained 75.11 points or 0.3% to settle at 25,305.47. The Nifty rose 17.80 points or 0.23% to settle at 7,748.85. Skymet revised higher forecast for the 2016 southwest monsoon to 109% of the long period average (LPA) from 105% of the LPA predicted earlier. The announcement from Skymet hit the market towards the close of the trading session. Shares of public sector oil marketing companies (PSU OMCs) declined on concerns surrounding a weak rupee. Novartis India surged a staggering 17% after the company said that its board of directors will consider a proposal for buyback of the companys equity shares along with the Q4 March 2016 result on 26 May 2016. Tata Power Company edged higher after the company announced strong Q4 results. Airline stocks declined as a weak rupee heightened concerns about its impact on operating costs. VRL Logistics tanked 20% after the company said its promoters may dilute a portion of their stake in the company to fund their proposed airline venture.

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Hong Kong Market ends higher in quiet trade on Tuesday
May 25,2016

The Hong Kong stock market finished higher in quiet and narrow trade on Tuesday, 24 May 2016, as investors are awaiting for Fed Chair Janet Yellens speech. Investors remained skeptical the U.S. Federal Reserve will raise short-term interest rates as soon as June, even after hawkish comments by three Fed officials overnight. A prevailing reluctance to make big bets before the Feds policy meeting next month has kept trading quiet. The benchmark index opened up 18 points at 19,828, and moved within 156 points a whole day. The Hang Seng Index ended up 21 points or 0.1% to 19,830. The H-share index fell 1 point or 0.02% to 8,306. Turnover increased slightly to HK$44.7 billion from HK$43.8 billion on Monday.

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China Market falls for first time in three days on Tuesday
May 25,2016

Mainland China stock market finished lower on Tuesday, 24 May 2016, as investors elected to withdraw profit off the table following gains on previous two sessions, with shares of commodity producers leading losses amid speculation raw-material prices will extend declines as a faltering economic rebound curbs demand. investor appetite was suppressed by confusion about how Beijing plans to guide the countrys slowing economy and manage financial markets, as well as concerns that new loan growth and housing sales could be weaker in May. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.8%, to 3,063.56, while the Shanghai Composite Index lost 0.8%, to 2,821.67 points.

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Japan Stocks slide on Tuesday on yen rise
May 25,2016

The Japan share market ended lower in thin trading for the second straight session on Tuesday, 24 May 2016, as the yens appreciation and weak Chinese shares hurt investor sentiment. Risk sentiments were also subdued on caution ahead of key events later this week including the two-day Group of Seven summit in Ise-Shima from Thursday and a speech by U.S. Federal Reserve Chair Janet Yellen on Friday. However, markets downside was also limited by lingering hopes for fiscal action by the government and additional monetary easing by the Bank of Japan. The 225-issue Nikkei average fell 155.84 points, or 0.94%, to close at 16,498.76. The Topix index of all first-section issues ended down 12.18 points, or 0.91%, at 1,326.50. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1294 to 550 and 153 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.00% to 25.95 a new 1-month low.

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Australia Market ends down on Tuesday
May 25,2016

Australian share market finished session lower on Tuesday, 24 May 2016, dragged down by losses in the materials and resources and energy stocks amid slump in commodity prices overnight. At close of trade, the benchmark S&P/ASX 200 index declined 23.34 points, or 0.44%, to 5295.60. The broader All Ordinaries fell 322.98 points, or 0.43%, to 5361.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 574 to 412 and 358 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.61% to 17.664.

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Hong Kong Market ends mixed
May 23,2016

The Hong Kong stock market finished mixed in volatile yet quiet trade on Monday, 23 May 2016, amid concerns about slowdown in the manufacturing economy after private survey conducted by China Minsheng Banking Corp. and China Academy of New Supply-side Economics showing the China Minxin Manufacturing Index slid 1.1 percentage points to 45.8 in May from the previous month. The benchmark Hang Seng Index dropped 43.17 points, or 0.22%, to 19809.03 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 4.63 points, or 0.06%, to 8308.21. Turnover reduced to HK$43.8 billion from HK$52.6 billion on Friday.

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Japan Stocks fall on stronger yen
May 23,2016

The Japan share market declined on Monday, 23 May 2016, due to yen appreciation against dollar after Group of Seven finance ministers voiced concern over the sputtering global economy and pressed Tokyo not to weaken its currency. Risk aversion selloff were also pressured by Japans customs-cleared trade statistics for April, released just before the opening bell, showed that the trade surplus expanded due mainly to a steep drop in imports. The 225-issue Nikkei average lost 81.75 points, or 0.49 percent, to end at 16,654.60. The Topix index of all first-section issues finished down 4.72 points, or 0.35 percent, at 1,338.68.

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Australia Market falls to lowest level since May 6
May 23,2016

Australian share market finished session lower on Monday, 23 May 2016, due to heavy selloff in energy, materials, and industrial stocks. At close of trade, the benchmark S&P/ASX 200 index declined 32.40 points, or 0.61%, to 5318.90. The benchmark hit its lowest point since lowest point since May 6. The broader All Ordinaries fell 30.30 points, or 0.56%, to 5384.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 548 to 479 and 310 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.99% to 17.780.

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Asia Pacific Market: Stocks fall as Fed minutes boost June hike odds
May 19,2016

Asia Pacific share market continued downward move on Thursday, 19 May 2016, as the U.S. Federal Reserve signalled an interest rate hike was on the table for June.

World stocks edged lower after minutes from the US Federal Reserves April policy meeting signalled the US central bank could raise rates as soon as next month if data supported the case that the American economy is getting stronger. The Federal Open Market Committee (FOMC) next undertakes monetary policy review on 14-15 June 2016. Investors in emerging markets are worried that higher interest rates in the US will drain liquidity from emerging markets and redirect it to developed economies. The US central bank had lifted rates in December 2015 for the first time in nearly a decade.

Fed officials felt the U.S. economy could be ready for another interest rate increase next month, according to the minutes from the central banks April policy meeting released on Wednesday. But some Fed policymakers said they were concerned financial markets could be roiled by a possible British exit from the European Union in a June 23 vote or by Chinas exchange rate policies.

Among Asian bourses

Japan Stocks end mixed

The Japan share market ended mixed, as expectations for further stimulus measures by the government receded on strong Japanese machinery orders data for March and stronger-than-expected GDP data for January-March quarter. The 225-issue Nikkei Stock Average ended up 1.97 points, or 0.01%, to 16646.66. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 1.82 points, or 0.14%, down at 1336.56.

Machinery orders from the Cabinet Office released on Thursday, showing Japans core private-sector machinery orders rebounded 5.5% in March on month after slumping 9.2% in February and surging 15.0% in January, staying on a gradual recovery trend. The leading indicator of business investment in equipment came much stronger the median forecast of +0.5%.

Japans economy expanded a stronger-than-expected 0.4% on quarter, or an annualized 1.7%, in the January-March quarter, as a rebound in consumption and exports offset a drop in business investment, Cabinet Office data released on Wednesday showed. In fiscal 2015 that ended on March 2016, GDP rose 0.8% after falling 0.9% in fiscal 2014 and rising 2% in fiscal 2013.

Shares of insurers were up on the outlook for higher investment returns from an increase in interest rates, sending Dai-ichi Life Insurance Co. 2.8% higher. The group also got a boost from a Nikkei article that said non-life insurance companies may see record profits in the current fiscal year.

Suzuki Motor Corp. jumped 3.5%, after the company elaborated after markets closed Wednesday that its improper testing methods would not result in changes to the fuel-efficiency ratings of its vehicles.

Australia Market falls as miners plunge

Australian share market ended down for second straight session, after domestic jobs data showed lower-than-expected growth in employment and as the minutes from the Federal Reserves April meeting signalled a potential interest rate increase in the near term. Most of ASX sectors declined, with energy and mining stocks being major losers on tracking drop in commodity prices. At close of trade, the benchmark S&P/ASX 200 index declined 32.90 points, or 0.61%, to 5323.30. The broader All Ordinaries fell 34.90 points, or 0.64%, to 5385.60. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 632 to 379 and 348 ended unchanged.

Miners were the biggest losers with BHP Billiton tumbling 3.7% to A$18.71 and Rio Tinto falling 3.3% to A$44.29. Fortescue Metals fell 5.5% to A$2.94. Gold miners Newcrest Mining dropped 7.5% to A$19.73 and Perseus Mining slumped 6.7% to A$0.555.

Energy shares were in the red too with Origin Energy losing 3.1% to A$5.57 and Santos erasing 3.2% to A$4.23. Woodside was off 1.2% to A$27.

China Stocks extends losses for third day

Mainland China stock market ended down for third straight session after erasing intraday losses amid worries that Beijing might taper monetary stimulus as bad debts mount. Meanwhile, risk confidence was further hit by overnight weakness on the Wall Street after strong U.S. consumer prices and other economic data added to the case for a Federal Reserve interest-rate increase soon. Total 7 out of 10 SSE sectors declined, with energy, telecom, and financial stocks being major losers, while material and IT stocks were major gainers. The benchmark Shanghai Composite Index dropped 0.61 point, or 0.02%, to 2806.91. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, fell 5.54 points, or 0.18%, to 3062.50.

Shares of gold producers declined, as stronger dollar reduces the appeal of bullion, which doesnt generate any interest-rate return. Shandong Gold Mining Co. fell 1.9%. Western Region Gold Co. lost 1.1%.

Steelmaker shares rallied as President Xi Jinping this week vowed to press ahead with plans to reduce capacity at state-owned enterprises. The State Council, or cabinet, on Wednesday called for a 10% capacity cut at companies managed by the central government. Baoshan Iron & Steel Co., Chinas second-largest mill by output, gained 0.8%.

Hong Kong Market slips 0.67%

The Hong Kong stock market finished lower as risk aversion selloff continued for second day in row after the U.S. Federal Reserve signalled an interest rate hike was on the table for June. Sentiments backpedaled further after Moodys Investors Service warned that global growth to remain muted as Chinas slowdown weighs on. The benchmark Hang Seng Index dropped 132.08 points, or 0.67%, to 19694.33 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, fell 57.81 points, or 0.7%, to 8243.20. Turnover reduced to HK$55.6 billion from HK$58.7 billion on Wednesday.

CNOOC (00883) dipped 1% to HK$9.04 even though Nomura upgraded its rating for the oil major to buy with a higher target price of HK$11. PetroChina (00857) and Sinopec (00386) also declined 2% and 1% to HK$5.21 and HK$5.11.

MRTC (00066) put on 1% to HK$39.1 ahead of going ex-dividend tomorrow. Tencent (00700) dipped 2% to HK$157.2 after it reported quarterly earnings yesterday. A slew of research houses have issued positive comments on its results.

HSBC (00005) gained 3% to HK$49.25, becoming the top blue-chip winner today. The global bank today went ex-dividend. Standard Chartered Bank (02888) soared 5% to HK$59.35. U-presid China (00220) dived 6% to HK$6.77 after Goldman Sachs downgrade. Vinda (03331) declined 5% to HK$13.62 after the company placed HK$398 million shares. Power Assets (00006) shot up 1% to HK$73.9.

Sensex, Nifty hit lowest closing level in almost 2 weeks

Fears that the US central bank may resume raising interest rates in the United States as early as next month pulled Indian markets down. The barometer index, the S&P BSE Sensex, lost 304.89 points or 1.19% to settle at 25,399.72. The Nifty lost 86.75 points or 1.1% to settle at 7,783.40.

Stocks of public sector banks, oil exploration and production companies, telecom firms, metal and mining companies and index heavyweights ITC and HDFC led losses for the Sensex and the Nifty. Stocks of exploration and production companies declined as global crude oil prices dropped. Stocks of public sector oil marketing companies (PSU OMCs) rose as crude oil prices fell. Metal and mining stocks dropped as copper prices fell in global commodity markets.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was down 1.13% to 6903.62. South Koreas KOSPI index sank 0.51% to 1946.78. Taiwans Taiex index slipped 0.78% to 8095.98. Malaysias KLCI dropped 0.12% to 1633.76. Indonesias Jakarta Composite index dropped 0.64% to 4704.22. Singapores Straits Times index declined 1.33% to 2740.11.

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Australia Market falls as miners plunge
May 19,2016

Australian share market ended down for second straight session on Thursday, 19 May 2016, after domestic jobs data showed lower-than-expected growth in employment and as the minutes from the Federal Reserves April meeting signalled a potential interest rate increase in the near term. Most of ASX sectors declined, with energy and mining stocks being major losers on tracking drop in commodity prices. At close of trade, the benchmark S&P/ASX 200 index declined 32.90 points, or 0.61%, to 5323.30. The broader All Ordinaries fell 34.90 points, or 0.64%, to 5385.60. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 632 to 379 and 348 ended unchanged.

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Japan Stocks end mixed
May 19,2016

The Japan share market ended mixed on Thursday, 19 May 2016, as expectations for further stimulus measures by the government receded on strong Japanese machinery orders data for March and stronger-than-expected GDP data for January-March quarter. The 225-issue Nikkei Stock Average ended up 1.97 points, or 0.01%, to 16646.66. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 1.82 points, or 0.14%, down at 1336.56.

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