Chinese shares led losses in Asia on Tuesday, as nerves over the yuan and a bomb explosion in Thailand sent investors scrambling for safety.» Read More
Asian stocks closed higher on Wednesday, with investors shifting their focus to corporate earnings in the region and the Federal Reserve's policy announcement later in the day.
Asian shares rose on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week.
Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
Asian stocks hit multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from Japan and signs of progress in reaching a U.S. fiscal deal lifted riskier assets.
Asian shares touched a 16-month high on Monday as investors took heart from rising factory output growth in China and a falling unemployment rate in the United States that raised hopes about the outlook for the world's top two economies.
Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
HONG KONG, Nov 1- Hong Kong shares closed at a new 2012 closing high on Thursday, boosted by gains in mainland Chinese markets which advanced on hopes that some city governments were easing restrictions on property purchases. The China Enterprises Index of the top Chinese listings in Hong Kong ended up 1.1 percent.
HONG KONG, Nov 1- Mainland Chinese shares lifted Hong Kong markets with their best daily performance in nearly a month on Thursday, boosted by stronger Chinese economic data and a report that more city governments were easing restrictions on the real estate sector. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent.
HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers after strong third-quarter earnings from three of China's ``Big Four'' banks.
Du Jinsong, Head of Asia Property Research, Credit Suisse says the central government in China has been clamping down on the property sector but this is not the case at the local level. He gives his top pick for the real estate market.
Fears of a collapse in China’s property market have sent shares of mainland developers and the MSCI China Property Index tumbling in recent weeks. However, Daiwa Capital Markets says the stocks have been oversold and is optimistic the mainland property market is headed for a soft landing.
Hedge funds and local investors have been getting increasingly pessimistic about Greater China stocks, with the short interest on the Hang Seng Index now near a one year high. But The Royal Bank of Scotland (RBS) is taking a contrarian view, saying it believes the MSCI-China Index could see a 40-80 percent upside through 2012.
I’ve detailed in this space how Monday morning is often replete with news of multibillion-dollar takeover deals. This makes perfect sense, because the weekend provides a quiet few days to hammer out details behind closed doors. But we’ve had to put the alliterative “Merger Monday” moniker on hold, while deals moved to other days of the week: I’m not sure there have been too many Wednesdays with as many deals as we saw today...
People's United Financial said on Wednesday that it would buy Chittenden Corp. for $1.9 billion in cash and stock, combining one of Connecticut's largest banks with one of Vermont's largest.