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Japan Stocks settle higher after volatile ride
Jan 18,2017

The Japan share market settled higher after wavering above and below break-even throughout the day on Wednesday, 18 January 2017, thanks to bargain hunting and yen decent against major currencies. But market gained capped on caution ahead of the new presidents inauguration later this week as uncertainty continues to swirl around Mr. Trumps plans for taxes and spending. The benchmark Nikkei gained 0.43 percent, or 80.84 points, to end the day at 18,894.37, while the Topix index of all first-section issues rose 0.32 percent, or 4.76 points, to 1,513.86.

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Australia Market ends down for second day
Jan 18,2017

Australian share market ended down for second straight session on Wednesday, 18 January 2017, on tracking weak lead from Wall Street and European markets overnight, Most sectors lost ground, with shares in the Healthcare, Financials and Consumer Discretionary sectors leading losses. At the closing bell, the benchmark S&P/ASX 200 index declined 20.60 points, or 0.36%, to 5678.80, while the broader All Ordinaries index dropped 21 points, or 0.36%, to close at 5733.70.

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Asia Pacific Market: Stocks down ahead of Trump, Brexit uncertainty
Jan 17,2017

Asia Pacific share market closed mostly down on Tuesday, 17 January 2017, as investors caution ahead of a speech by UK Prime Minister Theresa May, who is expected to outline her governments Brexit strategy nd Fridays inauguration of Donald Trump as U.S. president.

Sell orders overwhelmed regional stocks ahead of a speech by British Prime Minister Theresa May later in the day on her governments plan for negotiations over its exit from the European Union, which some traders fear will see Britain lose access to the blocs single market.

May is expected to deliver a speech on her negotiation plan with the European Union (EU) once Britain triggers Article 50 of the Lisbon Treaty, which establishes a two-year negotiation period on the departure of an EU country. Her speech will reveal what London is looking for in its future relationship with the EU, although it is not expected to reveal too many details in order not to prejudice the negotiations. Still, wary investors are waiting for clues about the process and its impact on the global economy.

Overall, market activity was light due to the lack of cues from US markets, which were closed on Monday for the Martin Luther King Day holiday, and investors globally were cautious over what the new US presidency might bring once Donald Trump is inaugurated on Friday.

Among Asian bourses

Australia Market falls on caution ahead of global political events

Australian share market closed down, as investors showed caution ahead of political uncertainty in Europe and the US. All ASX sectors declined, exception being bullion sector, with financial, realty, and consumer-exposed stocks being major losers. At the closing bell, the benchmark S&P/ASX 200 index declined 49 points, or 0.85%, to 5699.40, while the broader All Ordinaries index dropped 48.30 points, or 0.83%, to close at 5754.70.

Shares of financial sector were hard hit, with the four big banks leading losses. Among major banks, Australia & New Zealand Banking Group declined 1.3% to A$30.40, Westpac 0.9% to A$32.77, National Australia Bank 1.1% to A$30.80, and Commonwealth Bank of Australia 0.9% to A$83.35.

Materials and resources shares closed lower as profit booking after iron ore pulled back from a 3-year high. Rio Tinto shed 0.8% to A$62.70 and Fortescue Metals 3.3% to A$6.13. BHP Billiton erased 0.2% to A$26.71.

Bucking the trend, higher gold prices drove the ASX gold index up, with Newcrest Mining and Northern Star Resources adding 1.6% and 2%, respectively.

Nikki falls on yen strength, British uncertainty

The Japan share market closed down for second straight session after see-sawing between gains and losses throughout the session, hurt by yen ascent against major currencies amid caution ahead of British Prime Minister Theresa Mays speech on Brexit plans due later in the global day, as well as President-elect Donald Trumps inauguration stateside at the end of the week. Every industry category on the main section lost ground, led by fishery, agriculture and forestry, real estate and construction issues. The 225-issue Nikkei Stock Average ended down 281.71 points, or 1.48%, at 18,813.53, its lowest closing level since Dec. 8. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 21.54 points, or 1.41%, lower at 1,509.10.

Stocks of Japanese exporters were hardest hit, pressure by a surge in the yen. The greenback sank to 113.40 yen from 114.04 yen on Monday. Takata extended its losses, diving 4.63% to 905 yen, after a 10% fall Monday, as the firm on Friday agreed to plead guilty to fraud and pay $1 billion to settle a deadly airbag scandal that sparked the auto industrys biggest-ever safety recall. Nintendo rose 1.65% to 23,585 yen, while Toyota fell 1.58% to 6,719 yen and Hitachi fell 1.21% to 644.4 yen. Uniqlo operator Fast Retailing, a market heavyweight, slipped 1.89% to close at 36,700 yen.

China Stocks gain on bargain hunting, PBOC liquidity injection

Mainland China stock market ended higher, powered by bottom hunting in heavily battered stocks following five-day losing streaks and the central bank liquidity injection into the banking system. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.21% to close at 3,326.36. The Shanghai Composite Index added 0.17% to close at 3,108.77. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 1.17% to 1873.02. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 2.02% to 1,867.87 points.

The Peoples Bank of China stepped up its injections as the Chinese New Year holiday approaches, when cash demand usually rises substantially. The week-long Chinese New Year holiday starts 27 January 2017 till 2 February 2017. The central bank injected CNY100 billion via seven-day reverse repos and CNY230 billion via 28-day reverse repos at its open-market operations on Tuesday. The moves resulted in a net injection of CNY270 billion at the OMO for the day, after a net addition of CNY165 billion on Monday.

The PBOCs liquidity injections indicate that the government wants to stabilize equities ahead of Lunar New Year, helping calm markets today.

Leshi Internet Information & Technology Corp surged by the 10% daily limit. Company Chairman Jia Yuetings LeEco technology empire has secured strategic investments, according to a statement released Friday.

Beijing Sinnet Technology Co. surged by its daily limit in Shenzhen after the company said in a preliminary earnings statement that its 2016 profit jumped by as much as 208% from the previous year

Hong Kong Stocks rise amid caution before Mays speech

The Hong Kong stock market ended higher in light trading, on tracking gains in Mainland China bourses. However, market upside momentum capped on caution over the likelihood of Britain pulling out of the European Unions single market and Fridays inauguration of Donald Trump as U.S. president. The move came ahead of Ms Mays speech tonight, in which she is likely to say that Britain is seeking a clean break from the EU, in remarks that are expected to provide the most significant indication yet about her governments plans. Nearly all sectors gained ground, led by industrial stocks. The Hang Seng Index added 0.54% or 122.82 points to close at 22,840.82. The Hang Seng China Enterprises index, or the H-share index, rose 0.37% or 36.10 points to 9,702.19. Turnover decreased to HK$50.7 billion from HK$56.9 billion on Monday.

HSBC (00005) and Standard Chartered (02888) rose 1.6% and 7% to HK$64.2 and HK$71.35 after Goldman Sachs raised its target prices for the banks to HK$74 and HK$66 (from HK$70 and HK$61) respectively. The research house saw lower-than-expected volatility for both banks since the Brexit outcome.

CK Property (01113) yesterday spent HK$210 million to buy back its own shares. It gained 2.2% to HK$50.7. CKH Holdings (00001) inched down 0.2% to HK$90.4. CKI Holdings (01038) fell 1% to HK$60.95. Power Assets (00006) added 0.4% to HK$72.8.

Mengniu Dairy (02319) dipped 2% to HK$14.36 after Credit Suisse downgraded its rating and target price. It was the worst blue-chip loser.

Sensex, Nifty settle with small losses

Indian benchmark indices settled with small losses after a range-bound and lackluster session of trade as lower European stocks dampened sentiment. The barometer index, the S&P BSE Sensex, declined 52.51 points or 0.19% to settle at 27,235.66. The Nifty 50 index shed 14.80 points or 0.18% to settle at 8,398. Profit booking emerged after last weeks solid surge in indices as investors maintained caution ahead of British Prime Minister Theresa Mays speech on Brexit later today, 17 January 2017.

Bank stocks were mixed. Metal & mining stocks declined. Index heavyweight Reliance Industries (RIL) dropped after the company reported small growth in profitability and drop in gross refining margin in Q3.

IT major TCS advanced after the company announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. Another software pivotal HCL Technologies edged higher after the company issued a clarification to the stock exchanges on a law suit filed against its wholly owned subsidiary HCL America Inc.

Cigarette major ITC rose on reports a foreign brokerage reiterated buy call on the stock with a target price of Rs 290 after cigarette price hike.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index added 0.4% to 2071.87. Taiwans Taiex index added 0.7% to 9354.53. Malaysias KLCI jumped 0.3% to 1663. Indonesias Jakarta Composite index fell 0.1% to 5266.94. Singapores Straits Times index shed 0.35 point to 3012.77.

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Asia Pacific Market: Stocks fall amid Hard Brexit woes
Jan 16,2017

Asia Pacific share market closed down on Monday, 16 January 2017, partly due to concerns over the impact of Britains exit from the European Union and China 2017 growth prospects following comments by the premier and official estimates suggesting slowing economic growth in big cities.

Investors risk sentiments turned downbeat after media reports that UK Prime Minister Theresa May would use a speech on Tuesday to signal plans for a n++hard Brexit.

Investors worries about a hard Brexit scenario rekindled after media reports that UK Prime Minister Theresa May would use a speech on Tuesday to signal plans for a n++hard Brexit. In her speech on Tuesday, Ms. May is expected to elaborate on the U.Ks priorities in negotiations over its exit from the European Union. Several British newspapers reported that Ms. May will emphasize that the U.K will leave the EUs single market to regain control of immigration policy.

In remarks reported by Chinas state media on Sunday, Premier Li Keqiang said Chinas economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding to uncertainty. Official estimates issued on Friday said economic growth in some of the largest cities was expected to have slowed in 2016 and would continue to decelerate in 2017.

Among Asian bourses

Australia Market climbs as miners rally

Australian share market closed higher, boosted by materials and resources stocks, thanks to rise in iron ore and base metal prices. At the closing bell, the benchmark S&P/ASX 200 index inclined 27.30 points, or 0.48%, to 5748.40, while the broader All Ordinaries index added 26.20 points, or 0.45%, to close at 5803.

Shares of financial sector showed strong positive movement, with the four big banks leading rally. Among major banks, Australia & New Zealand Banking Group added 0.4% to A$30.79, Westpac 0.5% to A$33.06, National Australia Bank 0.1% to A$31.13, and Commonwealth Bank of Australia 0.3% to A$84.09.

Materials and resources shares closed higher after iron ore futures in China soared as much as 8% to a three-year high on Monday, powered by strong gains in steel prices. Copper prices rose, extending gains from last week on the back of strong economic data from the United States and China. Rio Tinto added 1.8% to A$63.22 and Fortescue Metals 2.9% to A$6.34. BHP Billiton jumped 1.7% to A$26.77. Copper miner OZ Minerals soared as much as 3.3% to hit a 4-1/2 year high. Gold Miners Newcrest Mining rose 2.1% to A$21.60.

DUET Group rose 5.4% to finish at a more than eight year-high after it agreed to recommend an increased $5.51 billion bid from a consortium led by Cheung Kong Infrastructure Holdings.

Nikki falls on yen strength, British exit woes

The Japan share market closed down, as risk aversion selloff triggered by yen ascent to around 114 per greenback amid fresh concerns over Britains upcoming exit from the European Union. The 225-issue Nikkei average lost 192.04 points, or 1.00%, to close at 19,095.24. The Topix index of all first-section issues finished down 14.25 points, or 0.92%, at 1,530.64.

Stocks of Japanese exporters were hardest hit, with automakers Toyota, Mazda and Fuji Heavy, semiconductor-related Advantest and Tokyo Electron, and Alps Electric being major losers, after the yen strengthened against the greenback. The yens rise came as investor anxieties grew over a so-called hard Brexit, or Britains exit from the European Union with border controls prioritized over access to the EU market, following media reports that British Prime Minister Theresa May is expected to show such a policy in a speech on Tuesday. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits.

Oil companies JX Holdings, Inpex, Japan Petroleum Exploration, Showa Shell Sekiyu and TonenGeneral Sekiyu were downbeat due to a fall in New York crude oil prices on Friday.

Japan Post Holdings dived 4.9% on reports that the Japanese Ministry of Finance plans to additionally sell shares worth up to 1.4 trillion yen in the company this summer at the earliest.

Nippon Steel & Sumitomo Metal lost 4.14% after the company said Friday that it is likely to take about eight months to restart steel plate production at its steelworks in the city of Oita following a fire there on Jan. 5.

China Stocks falls for fifth day

Mainland China stock market ended down for fifth straight session, weighed down by heavy losses in small cap stocks amid anxiety over liquidity squeeze in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Risk sentiments were also downbeat on growing uncertainty about 2017 growth prospects following comments by the premier and official estimates suggesting slowing economic growth in big cities. Most of sectors lost ground, led down by properties and consumer shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, edged down 0.01% to close at 3,319.45. The Shanghai Composite Index fell 0.3% to close at 3,103.43. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 3.62% to 1851.41. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 3.64% to 1,830.85 points.

The China Securities Regulatory Commission (CSRC) approved 131 new IPOs in the last quarter of 2016, up sharply from the 28 it approved in the last three months of 2015. There were 45 IPOs on Chinas exchanges last month alone, the most since 1997.

In remarks reported by state media on Sunday, Premier Li Keqiang said Chinas economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding to uncertainty. Official estimates issued on Friday said economic growth in some of the largest cities was expected to have slowed in 2016 and would continue to decelerate in 2017.

Most sectors lost ground, led by properties and consumer shares. Nearly 100 smaller-cap stocks tumbled 10%, the maximum allowed.

Sunac China Holdings slumped 8.1% after it announced a plan to invest $2.2 billion in three companies affiliated with Chinese tech tycoon Jia Yuetings LeEco empire

Hong Kong Stocks fall on hard Brexit woes

The Hong Kong stock market ended lower, dragged down by tracking drop in Mainland China stocks and on concerns over the impact of Britains exit from the European Union. Nearly all sectors on the Hong Kong bourse lost ground, with telecommunication firms and oil majors that had rallied earlier on restructuring hopes corrected under profit-taking pressure.

The Hang Seng Index declined 0.96% or 219.23 points to close at 22,718.15. The Hang Seng China Enterprises index, or the H-share index, fell 1.24% or 121.25 points to 9,666.09. Turnover was largely unchanged from Friday at HK$56.8 billion.

Cathay Pacific (00293) put on 3% to HK$10.86 on reports that the carrier may announce job cuts and cost-saving plans. It became the biggest blue-chip gainer. Mengniu Dairy (02319) was the largest blue-chip loser, falling 2.8% to HK$14.66.

Companies with European exposure ended lower after UK media speculated that May may announce hard Brexit. Theresa May, the Prime Minister for the UK, is scheduled to deliver speeach regarding Brexit tomorrow. CKH Holdings (00001) slipped 1.6% to HK$90.6. HSBC (00005) dipped 1.3% to HK$63.2.

Property developer Sunac China dived as much as 10% and closed lower by 8.1%% at HK$6.7, after the company announced its plans to invest 15 billion yuan in the troubled technology company LeEco.

Power Assets Holdings jumped 2.8% to HK$72.5, and Cheung Kong Infrastructure gained 1% to HK$61.55, after a consortium comprising Li Ka-shings Cheung Kong Property, Cheung Kong Infrastructure and Power Assets announced a plan to acquire Duet Group in Australia for HK$43 billion.

HKT Trust (06823) surged 9.5% to HK$10.4 after it reported net profit of HK$4.9bn, up 24% year-on-year. It declared final distribution per share of 34.76 HK cents. The stock surged 9.5% to HK$10.4.

Sensex, Nifty settle at highest level in 9-1/2 weeks

Indian benchmark indices settled with small gains, shrugging off weak trend in global stocks as domestic data showing fall in trade deficit in December extended support amid another data showing slight rise in wholesale inflation. The barometer index, the S&P BSE Sensex, rose 50.11 points or 0.18% to settle at 27,288.17. The Nifty 50 index gained 12.45 points or 0.15% to settle at 8,412.80.

In sectoral trends, bank stocks edged higher. Metal & mining stocks gained on renewed buying. IT stocks edged lower.

Among stock specific action, private sector lender Axis Bank advanced after the bank announced the cut in Marginal Cost of Funds based Lending Rates (MCLR) by 65-70 basis points across the various tenures with effect from 18 January 2017. Software major Infosys extended previous trading sessions decline triggered by the company lowering the upper band for revenue growth guidance in constant currency terms for the current financial year (FY 2017). Automobile major Tata Motors advanced after a foreign brokerage reportedly raised target price on the stock to Rs 650 from Rs 585 earlier on likely significant improvement in both Jaguar Land Rover (JLR) and India businesses.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index shed 0.6% to 2064.17. Taiwans Taiex index eased 0.9% to 9292.33. Malaysias KLCI dropped 0.8% to 1658.84. Indonesias Jakarta Composite index fell 0.1% to 5270. Singapores Straits Times index shed 0.4% to 3013.12.

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Nikki falls on yen strength, British exit woes
Jan 16,2017

The Japan share market closed down on Monday, 16 January 2017, as risk aversion selloff triggered by yen ascent to around 114 per greenback amid fresh concerns over Britains upcoming exit from the European Union. The 225-issue Nikkei average lost 192.04 points, or 1.00%, to close at 19,095.24. The Topix index of all first-section issues finished down 14.25 points, or 0.92%, at 1,530.64.

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Australia Market climbs as miners rally
Jan 16,2017

Australian share market closed higher on Monday, 16 January 2017, boosted by materials and resources stocks, thanks to rise in iron ore and base metal prices. At the closing bell, the benchmark S&P/ASX 200 index inclined 27.30 points, or 0.48%, to 5748.40, while the broader All Ordinaries index added 26.20 points, or 0.45%, to close at 5803.

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Asia Pacific Market: Stocks falter on Trump
Jan 12,2017

Asia Pacific share market ended softer on Thursday, 12 January 2017, following losses in the U.S. as investors reacted to President-elect Donald Trumps first news conference since July and awaited remarks from Fed Chair Janet Yellen in a roundtable format in the U.S. on Thursday evening.

On Wednesday at the press conference, Trump took shots at the pharmaceutical industry and failed to provide new details on three of his key policies: tax reform, deregulation of certain sectors and fiscal stimulus.

Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.

The President-elect said Obamacare would be repealed and replaced on the same day and a Supreme Court justice would be chosen within two weeks of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.

Investors were hoping for commentary on the new administrations plans for fiscal stimulus and tax cuts. Instead, Trump remarked on a broad range of topics such as the Mexican wall, allegations of Russian hacking and his business interests but left out what investors wanted to hear about - fiscal spending. US President-elect Donald Trump on Wednesday lashed out at drugmakers for getting away with murder in offshoring production and overcharging for medicines.

Ahead, Yellen hosts a town hall meeting with educators in Washington, D.C., that will be eyed for any possible remarks on a Fed forecast of as many as three interest rate hikes in 2017.

Among Asian bourses

Australia Market edges down

Australian share market revered course to finish marginally lower, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

Shares of healthcare sector were hard hit, taking their cue from U.S. peers after Trump said pharmaceutical companies were getting away with murder by charging high prices. Worst hit were sector giant blood products and flu vaccine company CSL, which lost 2.8%, and Mayne Pharma, down 4%, as both companies have significant U.S. exposure.

Basic materials and energy shares closed higher thanks to a weaker dollar after Trumps conference, which failed to offer details on his promises to boost fiscal spending and cut taxes. Mining giants Rio Tinto, BHP Billiton, and Fortescue Metals gained between 1% and 1.3%, while oil and gas explorers Woodside Petroleum and Santos each added around 1%.

Nikki falls on disappointment over Trump remarks

The Japan share market closed down, dragged down by yen strength against greenback and investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Investors were disappointed by President-elect Donald Trumps first news conference since the election, as he was light on details about the U.S. economic outlook while stoking uncertainty about the U.S. relationship with countries like Japan. The Nikkei Stock Average fell 229.97 points, or 1.2%, to 19,134.70 following a 63.23-point rise Wednesday. The Topix index of all Tokyo Stock Exchange First Section issues fell 14.99 points, or 0.97%, to 1535.41.

Shares of exporters were hardest hit after the yen strengthened 0.9% against the greenback amid lack of U.S. policy clarity under Mr. Trumps administration. Some investors think there could be risk of protectionism grows under a Trump administration after Mr. Trump reiterated his desire to build a wall on the U.S.-Mexico border. A stronger yen hurts Japanese exporters as it makes their products more expensive abroad and reduces the value of repatriated profits. Toyota Motor ended down 1%, Nissan Motor was 1.06% lower and Mazda lost 1.5%.

Toshiba dived 5.4% after reports that the troubled conglomerate could be hit by bigger-than-expected losses at its US nuclear unit. Toshiba is finalising the size of special losses at Westinghouse, which could reach tens of billions of yen, on top of a previously warned one-time shortfall of several billion dollars.

Drug makers Takeda, Astellas Pharma and Shionogi were also downbeat as their U.S. peers met with selling due to Trumps criticism against the pharmaceutical industry at Wednesdays news conference.

Cosmo Energy Holdings finished up 7.52% after a Japanese securities firm revised up its investment rating and target stock price on the oil company.

Hong Kong Stocks snap five day rally
Jan 12,2017

The Hong Kong stock market took a breather after five days of gains on Thursday, 12 January 2017, as investors elected to book recent profit after the benchmark index added more than 3.6% in the past five sessions. The Hang Seng Index declined 0.46% or 106.33 points to close at 22,829.02. The Hang Seng China Enterprises index, or the H-share index, fell 0.11% or 10.85 points to 9,723.05. Turnover decreased to HK$63.3 billion from HK$69.8 billion on Wednesday.

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Nikki falls on disappointment over Trump remarks
Jan 12,2017

The Japan share market closed down on Thursday, 12 January 2017, dragged down by yen strength against greenback and investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Investors were disappointed by President-elect Donald Trumps first news conference since the election, as he was light on details about the U.S. economic outlook while stoking uncertainty about the U.S. relationship with countries like Japan. The Nikkei Stock Average fell 229.97 points, or 1.2%, to 19,134.70 following a 63.23-point rise Wednesday. The Topix index of all Tokyo Stock Exchange First Section issues fell 14.99 points, or 0.97%, to 1535.41.

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China Stocks falls for third day
Jan 12,2017

Mainland China stock market ended down on Thursday, 12 January 2017, registering third day of falling streak, due to investor disappointment over U.S. President-elect Donald Trumps failure to clarify his economic policy measures. Selloff was also fueled by risk of liquidity stresses in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Nearly all main sectors lost ground, led down by material and industry shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.5% to close at 3,317.62. The Shanghai Composite Index fell 0.56% to close at 3,119.29. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 0.87% to 1951.31. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.38% to 1,930.15 points.

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Australia Market edges down
Jan 12,2017

Australian share market revered course to finish marginally lower on Thursday, 12 January 2017, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

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Asia Pacific Market: Stocks lacklustre ahead of Trump press conference
Jan 11,2017

Asia Pacific share market closed slight higher in dull trade on Wednesday, 11 January 2017, as investors cautiously awaited US president-elect Donald Trumps news conference later in the day for clues on his economic policies.

Investors were awaiting Trumps first news conference since he won the U.S. presidential election for concrete plans on what he wants to accomplish in his first year in office. In his election manifesto, Trump has promised a large fiscal stimulus package, comprising tax cuts and higher government spending which might widen the fiscal deficit. This will lead to sharp recalibration on inflation expectations which are worrying traders.

Trumps also vowed to brand China a currency manipulator on his first day in office and has threatened to slap huge tariffs on imports from China, raising tension between the worlds two biggest economies.

Ever since Trump won Presidential elections, US business confidence has risen tremendously on promises of increased stimulus and lower tax coupled with protectionism to revitalize the economy. Global equity market funds based in US are investing in the US to ride on the prospective growth story which is strengthening the US dollar. Additionally higher US fund yield also triggers outflows from emerging markets bonds, making emerging market currency weaker.

Among Asian bourses

Australia Market edges up as miners rally

Australian share market closed edge higher, as gains in commodities-linked firms on the back of rising iron ore and base metal prices offset weakness in the financial, health care and real estate sectors. At the closing bell, the benchmark S&P/ASX 200 index inclined 10.80 points, or 0.19%, to 5771.50, while the broader All Ordinaries index added 10.70 points, or 0.18%, to close at 5823.70.

Shares in materials and resources companies surged on the back of ramp up prices in key commodities such as iron ore, copper and aluminium in China for a third session on Wednesday. Base metals were also up with copper and zinc gaining. Rio Tinto added 3.9% to A$62.28 and Fortescue Metals 4.5% to A$6.23. BHP Billiton added 2.6% to A$26.02. Gold Miners Newcrest Mining rose 1.2% to A$21.09, as gold held near six-week highs.

Energy shares were up, with Oil and gas explorers Oil Search adding 0.7% to A$7.40, Origin Energy rising 2.7% to A$6.93, and Santos gaining 0.5% to A$4.18, while Woodside Petroleum lost 0.4% to A$31.70. Whitehaven Coal closed 2.6% up to A$2.82, after data released on Tuesday showed coal exports from Australian state Queensland, one of the worlds biggest suppliers to China, hit record levels for the third year in a row in 2016.

Nikki gains on bargain hunting

The Japan share market rebounded, as investors chased for bottom fishing after heavy losses in past three sessions. Meanwhile, yen slight depreciation to mid-116 yen level against greenback also underpinned buying spirit. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The 225-issue Nikkei average rose 63.23 points, or 0.33%, to end at 19,364.67. The Topix index of all first-section issues closed up 8.09 points, or 0.52%, at 1,550.40.

Stocks of Japanese companies that have already pledged to create more positions or retain jobs in the U.S. were higher, including Toyota Motor, which ended up 0.7%, and SoftBank, which climbed 0.9%.

Toshiba Corp closed up 4.1% after three main creditor banks pledged on Tuesday continued support for the struggling electronics and machinery maker amid the possibility of a large write-down in its U.S. nuclear operations.

Sony Corp was up 3.4%, following a news report that it is considering using organic electroluminescence displays for its smartphones to be put on sale in 2018-2019.

ABC-Mart shares dropped 4.5% after the footwear shop operator reported a lower-than-expected consolidated operating profit of 32,044 million yen in the March-November period, down 2.3% from a year before.

China Stocks down for second day

Mainland China stock market ended modest down, registering second day of falling streak, on increasing worries about liquidity crunch after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Chinas securities regulator had approved 14 IPO applications on Friday, which were expected to rise up to 4.8 billion yuan. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.7% to close at 3,334.50. The Shanghai Composite Index fell 0.8% to close at 3,136.75. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 1.05% to 1968.43. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.72% to 1,937.55 points.

Most sectors lost ground, led by consumer and transport shares. China Southern Airlines fell 4.4% after adding 7.4% in the previous session on reform expectations, while another reform bellwether China UnitedNetwork Communications dived 8.4% in its worst day in more than 10 months.

China Unicom closed down 8.4% at 6.91 yuan after State media reported a financial information service platform has filed a lawsuit in a Beijing court against the countrys second-largest mobile carrier, alleging that the mobile carrier had placed an intrusive pop-up ad on the service providers mobile app, which led to forced heavy data usage for app users. Other telecom service shares also struggled. Shenzhen-traded 263 Network Communications dropped 2.2% to 10.35 yuan and Guomai Technologies fell 2.1% to 10.77 yuan.

Hong Kong Stocks hit 10-week high

The Hong Kong stock market closed higher for fifth consecutive session on easing local rates and cooling concerns over the yuans declines. Most of sectors advanced, with property developers and steel makers being major gainers. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The Hang Seng Index gained 0.84% or 190.50 points to close at 22,935.35, the highest close since 01 November 2016.. The Hang Seng China Enterprises index, or the H-share index, added 0.72% or 69.71 points to 9,733.90. Turnover increased to HK$69.8 billion from HK$62.3 billion on Tuesday.

Property counters showed muscles. Sino Land (00083) put on 3.2%. CK Property (01113) ended up 2.4% to HK$51.85. New World (00017) put on 2.9% to HK$8.94. Chinese developers were also higher. China Overseas (00688) gained 1.8% to HK$22.4 after Goldman Sachss target price hike. Its subsidiary China Overseas Property (02669) soared 9.3% to HK$1.41. CR Land (01109) also rose 1.8% to HK$18.84.

Steel counters saw active buying activities. Maanshan Iron (00323) and Angang Steel (00347) surged 6.3% and 6.8% to HK$2.54 and HK$5.34.

Energy stocks lagged after U.S. benchmark crude prices fell nearly 6% over the previous two days, with China Petroleum & Chemical (Sinopec) declining 0.5% to HK$5.87.

Guangzhou Automobile Group rose 2% to HK$10.42 after reports that Chinas securities regulator had accepted its application for non-public issuance of A-shares.

Intime Retail Group rose 0.9% to HK$9.63, adding to its 36% surge on Tuesday, following news that Alibaba Group Holding was joining hands with Intimes founder to take the company private. S&P Global Ratings placed the companys credit ratings on positive watch, citing potential benefits from Alibabas support.

Sensex settles above 27,000 mark

Indian benchmark indices registered impressive gains onpositive start of the earnings season and positive global cues. The barometer index, the S&P BSE Sensex, rose 240.85 points or 0.90% to settle at 27,140.41. The Nifty rose 92.05 points or 1.11% to settle at 8,380.65.

Investors cheered better-than expected Q3 numbers in IndusInd Bank along with bullish Asian stocks ahead of US President-elect Donald Trumps news conference later in the day that will give his policy insight. Besides, investors widened their bets on optimism that upcoming general budget - to be unveiled next month - would contain incentives for corporates, which will help boost the economy.

IndusInd Bank reported a healthy growth in its net profit by 29% and the Net Interest Income increased by 34% despite cash crunch created by demonetisation, as investors negated apprehension in banking sector, lapping it up by 2.40%.

Lupin rose 2.20% after the company announced that it has received final approval for its Desoximetasone Cream USP, 0.05% and Desoximetasone Cream USP, 0.25% from the United States Food and Drug Administration (FDA) to market a generic equivalent of Taro Pharmaceuticals North America, incs Topicort LP Emollient Cream, 0.05% and Taro Pharmaceuticals, incs (collectively Taro) Topicort Cream, 0.25%.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index added 1.5% to 2075.17. Taiwans Taiex index eased 0.04% to 9345.74. Malaysias KLCI added 0.2% to 1675.21. Indonesias Jakarta Composite index fell 0.2% to 5301.24. Singapores Straits Times index shed 0.2% to 3000.94.

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Hong Kong Stocks hit 10-week high
Jan 11,2017

The Hong Kong stock market closed higher for fifth consecutive session on Wednesday, 11 January 2017, on easing local rates and cooling concerns over the yuans declines. Most of sectors advanced, with property developers and steel makers being major gainers. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The Hang Seng Index gained 0.84% or 190.50 points to close at 22,935.35, the highest close since 01 November 2016.. The Hang Seng China Enterprises index, or the H-share index, added 0.72% or 69.71 points to 9,733.90. Turnover increased to HK$69.8 billion from HK$62.3 billion on Tuesday.

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China Stocks down for second day
Jan 11,2017

Mainland China stock market ended modest down on Wednesday, 11 January 2017, registering second day of falling streak, on increasing worries about liquidity crunch after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Chinas securities regulator had approved 14 IPO applications on Friday, which were expected to rise up to 4.8 billion yuan. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.7% to close at 3,334.50. The Shanghai Composite Index fell 0.8% to close at 3,136.75. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 1.05% to 1968.43. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.72% to 1,937.55 points.

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Nikki gains on bargain hunting
Jan 11,2017

The Japan share market rebounded on Wednesday, 11 January 2017, as investors chased for bottom fishing after heavy losses in past three sessions. Meanwhile, yen slight depreciation to mid-116 yen level against greenback also underpinned buying spirit. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The 225-issue Nikkei average rose 63.23 points, or 0.33%, to end at 19,364.67. The Topix index of all first-section issues closed up 8.09 points, or 0.52%, at 1,550.40.

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