Asian stock markets staged a comeback Monday after Friday's steep losses, as worries about the potential negative impact of a Dubai debt default began to fade.
Sands China's IPO price is too expensive and that is why Credit Suisse has an underperform rating on the stock, with a target price of HK$8.50, revealed its research analyst, Gabriel Chan.
Asian stock markets tumbled on Friday as concerns about a new international banking crisis erupting in Dubai rattled investor confidence. Hong Kong led the way with a 4.8 percent dive, other major indices in Tokyo, Taipei and Seoul declined over 3 percent each.
Japan's Nikkei average is likely to fall broadly on Friday after debt problems in Dubai hit financial markets, dragging European shares down to their worst daily loss in seven months.
Asia's major stock indexes finished lower across the board in a volatile, holiday-thin session Thursday, despite Wall Street posting modest gains overnight.
Asian stocks turned higher, with Tokyo, Seoul, Sydney closing firmer as a late rally lifted markets to positive ground.
Asia's key stock indexes fell Tuesday, with China's Shanghai Composite Index closing 3.5 percent lower, after selling gathered pace in the afternoon trading session.
Most Asian stock markets edged higher on Monday in quiet trade, with Japan closed for Labor Thanksgiving Day.
Asian stocks stumbled on Friday, after stocks on Wall Street fell for a second straight session on renewed concerns a U.S. economic recovery was losing momentum.
Asian markets ended mixed on Thursday, as concerns over the pace of economic recovery weighed on sentiment. Tokyo slipped to a four-month low, Sydney edged up while Seoul gained 1 percent.
Asian shares painted a mixed picture as some markets failed to stay the course after rising in early trade on the back of modest gains on Wall Street.
Asia's key indices closed in the red on Tuesday, with Japan and South Korea giving up early gains as profit-taking took hold.
Asian share indexes gained ground Monday, after upbeat earnings from U.S. retailers underpinned confidence that a global economic recovery is under way.
Stock markets in Asia finished mostly lower. after shares on Wall Street snapped a six-day winning streak. China markets, however, managed to buck the uptrend.
Asia's key indexes failed to hang on to the morning's modest gains and closed lower, as Tokyo, Sydney and Seoul slipped into the red. Markets had earlier tracked Wall Street, after the Dow Jones Industrials closed higher for the sixth straight session.
Asian stock markets made modest gains on Wednesday, as investors shrugged off the rocky session on Wall Street overnight and focused instead on strong data out of China, which showed factory output jumping to a 19-month high in October.
Asian shares finished higher on Tuesday, following a rally on Wall Street which saw U.S. indices finishing at their highest levels in more than a year.
Asian markets chalked up gains on Monday, led by Sydney's 1.8 percent advance. However, investors remained concern over the state of the U.S. economy after the mixed jobs report released on Friday.
Asia's key indexes rebounded Friday from losses in the previous session, after strong U.S. jobs data reinforced hopes the economy is recovering.
Most expect Korea to bump rates up and to start its exit program to get in front of any potential inflation. There has also been chatter about resource based Norway raising rates as well.