American International Group Inc
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Asian shares posted gains on Tuesday, tracking the overnight gains in U.S. stocks, as fresh signs of compromise maintained a new optimism that the U.S. "fiscal cliff" budget tussle could be settled before tax hikes and spending cuts begin to bite early next year.
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HONG KONG, Dec 18- Hong Kong shares slipped for a second straight day on Tuesday, pulled lower by a 3.3 percent loss for AIA Group after American International Group sold its remaining stake in the Asian insurance giant. The Hang Seng Index slipped 0.1 percent, while the China Enterprises Index of the top Chinese listings in Hong Kong edged up 0.1 percent.
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HONG KONG, Dec 18- Hong Kong shares slipped for a second straight day on Tuesday, pulled lower by a 3.3 percent loss for AIA Group after American International Group sold its remaining stake in the Asian insurance giant. *AIA Group slid to HK $30.60 at the resumption of trade after American International Group sold its remaining stake in AIA for $6.45 billion.
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HONG KONG, Dec 18- China shares advanced over the morning on Tuesday, lifting the Hong Kong market, with the financial sector strong as retail investors chased large cap counters on hopes that the current rally runs through into the new year.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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HONG KONG, Dec 18- Hong Kong shares were seen opening higher on Tuesday following a strong close on Wall Street and on expectations of a sustained rebound in China's domestic markets. Elsewhere in Asia, Japan's Nikkei extended its strong run and was up 0.5 percent while South Korea's Kospi was up 0.2 percent as of 0030 GMT.
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*All 10 S&P 500 sectors rise, Apple edges up. NEW YORK, Dec 17- The S&P 500 ended at its highest level in almost two months on Monday on rising hopes that negotiations over the "fiscal cliff" were making progress and that a deal could be reached in days. All of the S&P 500' s 10 sectors were higher, led by financials and other growth-oriented sectors.
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Stocks closed higher Monday, with all key S&P sectors finishing in positive territory, lifted by hopeful signs of progress in the "cliff" discussions.
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Futures were higher Monday as investors were encouraged by new developments over the "fiscal cliff" negotiations over the weekend.
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NEW YORK, Dec 17- Wall Street was set to open higher on Monday as investors were encouraged by signs of movement on "fiscal cliff" negotiations over the weekend. Republican House Speaker John Boehner edged slightly closer to President Barack Obama's key demands as they try to avert the tax hikes and spending cuts that are set to take effect in the new year.
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*Apple falls as Citigroup cuts rating for iPhone maker. NEW YORK, Dec 17- U.S. stock index futures were mixed on Monday as investors were encouraged by signs of movement on "fiscal cliff" negotiations over the weekend, but Apple was likely to weigh on the market.
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NEW YORK, Dec 17- U.S. stock index futures were mixed on Monday as "fiscal cliff" negotiations saw their first real movement over the weekend, but Apple was likely to weigh on the market. *Apple Inc was down 1.6 percent at $501.50 as Citigroup cut its rating to' neutral' from' buy' and slashed its price target to $575 from $675.
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Asian stocks were mixed on Monday as investors indulged in profit-taking after last week's extensive rally but Japanese equities jumped to an eight-month high after the Liberal Democratic Party of Japan's electoral triumph propelled the yen to a 20-month low.
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*China property shares sink, Beijing says to maintain property curbs. HONG KONG, Dec 17- China shares closed at their highest in more than four months on Monday as investors, encouraged by more signs of reforms to come, added to a surge last week that put onshore markets on course for their first annual gain since 2009..
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HONG KONG, Dec 17- Hong Kong shares slipped on Monday from the 16- month highs set at the end of last week, as investors took profits, notably in large cap stocks that had been the chief beneficiaries of large fund inflows in recent months.
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TOKYO- Even Japan's next prime minister, Shinzo Abe, realises that his party's landslide election victory is not the sweeping mandate that it appears at first blush. ( JAPAN- ELECTION/MANDATE, moved, by Linda Sieg, 950 words).
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HONG KONG, Dec 17- China shares rose by midday on Monday as investors were encouraged by more signs of reforms to come, and a strong move higher last week put the onshore markets on course to show their first yearly gain since 2009..
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*AIG offers AIA shares in range of HK $29.65- HK $30.65- sources. HONG KONG, Dec 17- American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
