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Asia Top News and Analysis Shanghai

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  • China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. An over-the-counter market, the NTB has been a hive of new listings since the freeze in Shanghai and Shenzhen took hold,...

  • *Some optimists see historical parallels with Japan. LONDON, July 30- China's $2 trillion equity rout may not be over yet but some foreign investors, far from fleeing a volatile market dominated by small-time traders, are swimming against the tide and buying more shares. Some in this small band of optimists see historical parallels with Japan, where the stock...

  • China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. An over-the-counter market, the NTB has been a hive of new listings since the freeze in Shanghai and Shenzhen took hold,...

  • Markets participants, however, say surging rates are likely to be short-lived as worries over yuan weakness may be overplayed and there is sufficient yuan liquidity in Hong Kong. Piling pressure on the yuan, China's State Council said on Friday it would liberalise yuan trading, among other measures, to support exports. "Following the sharp rebound in CCS, it is...

  • HONG KONG/ SHANGHAI, July 30- China shares fell again on Thursday after a report that banks were trying to get to grips with their financial exposure to the stock market slump in June added to a pall of uncertainty for investors. The benchmark CSI300 index of the largest listed companies in Shanghai and Shenzhen closed down 2.9 percent, while the Shanghai...

  • *China bonded copper premiums jump $10 to highest since March. MELBOURNE, July 30- London copper soured on Thursday, as jitters resurfaced in China's sharemarkets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. "We'll need to see how much more stimulus is thrown at it- if China throws a lot, at the end of the day, prices have to hold-...

  • MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.

  • HONG KONG, July 30- China shares slid on Thursday after state media reported that banks were investigating their exposure to the stock market from wealth management products and loans collateralised with stocks. "The market has been struggling to hover above the water with investors taking to the sidelines to see if stability can be maintained in the market,"...

  • BEIJING— Most major global markets rose Thursday after the U.S. KEEPING SCORE: Germany's DAX gained 0.5 percent to 11,263.71 and France's CAC-40 was up 0.6 percent at 5,047.43. Britain's FTSE 100 gained 0.7 percent to 6,680.37.

  • MANILA, July 30- Gold dipped towards its weakest level since early 2010 on Thursday after the Federal Reserve said the U.S. economy continues to strengthen, supporting a potential interest rate rise when the Fed meets again in September. It sank to as low as $1,077 last week, its weakest since February 2010, after a selloff in New York and Shanghai and has since...

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.

  • European stock markets advance on bumper earnings Wednesday, 29 Jul 2015 | 12:32 PM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • European stock markets advance, Italcementi surges Wednesday, 29 Jul 2015 | 6:19 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent.

  • LONDON, July 29- Gold steadied on Wednesday as the dollar softened, but was still trading around a 5-1/ 2- year low hit last week as investors awaited the outcome of a Federal Reserve's meeting for cues on the timing of the first U.S. rate rise in nearly a decade. "We bounced from the low but we are little changed and waiting for the Fed's statement tonight and the...

  • China auto sales slump hits industry fortunes Wednesday, 29 Jul 2015 | 4:09 AM ET

    BEIJING— General Motors Co.' s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell 0.5...

  • European stock markets climb higher, Italcementi surges Wednesday, 29 Jul 2015 | 4:06 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares climbed on Wednesday, lifted by strong corporate results and bid activity including a move HeidelbergCement to take control of Italcementi. In Europe, Italcementi jumped up around 50 percent on Wednesday after HeidelbergCement agreed to buy control of it.

  • SHANGHAI/ HONG KONG, July 29- Chinese shares bounced back more than 3 percent on Wednesday, as Beijing's latest efforts to prop up values restored a measure of stability to its unruly stock market. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator announced probes into share "dumping" and pledged to buy stocks...

  • There was never a firm date for the launch of the "bond connect", but exchange officials in China and Hong Kong had talked about getting it off the ground as early as next year. A spokeswoman for the Hong Kong Monetary Authority, which oversees the Hong Kong bond market, said the HKMA could not comment because the bond connect proposal was in a preliminary stages.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, to 3,930.4, while the Shanghai Composite Index gained 3.4 percent, to 3,789.2 points. Among the most active stocks in Shanghai were China Shipbuilding, up 10 percent to 13.94 yuan and Bank of China, down -0.64 percent to 4.64 yuan. Total volume of A shares traded in Shanghai...