Asia Top News and Analysis Shanghai

  • SHANGHAI/ HONG KONG, Nov 29- China is stepping up measures to stem capital outflows after its yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared to a record high. The State Administration of Foreign Exchange has begun vetting transfers abroad worth $5 million or more and is increasing...

  • BEIJING, Nov 29- The People's Bank of China on Tuesday rejected a media report which said the central bank had told some banks in cities with overheated property markets to stop issuing new home loans. But local government-backed newspapers in Guangzhou, Nanjing and Jinan have denied the rumors. Two of China's major cities- Shanghai and Tianjin- said this week...

  • SHANGHAI/ HONG KONG, Nov 29- China is stepping up measures to stem capital outflows after the yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared to a record high. The State Administration of Foreign Exchange has begun vetting transfers abroad worth $5 million or more and is stepping up...

  • *Shanghai lead rockets 9 pct before easing. *Shanghai copper loses nearly 4 pct. SYDNEY, Nov 29- Shanghai lead futures jumped as much as 9 percent on Tuesday, outpacing more widely traded metals contracts and adding to concerns about a speculative build-up in commodity prices.

  • SHANGHAI, Nov 29- China's blue-chip CSI300 index on Tuesday rose seventh straight day to strike an 11- month high, with big-cap industry leaders easily outperforming growth stocks. Investors were encouraged by more signs that China's economy is stabilizing, with a Reuters poll showing manufacturing sector activity likely held onto a modest expansionary...

  • SHANGHAI/ HONG KONG, Nov 29- China is stepping up measures to stem capital outflows after the yuan currency skidded to more than eight-year lows, taking aim at outbound investment, sources said on Tuesday. The State Administration of Foreign Exchange has begun vetting transfers abroad worth $5 million or more and is stepping up scrutiny of major outbound deals,...

  • *Asia shares mixed flat after modest Wall St pullback. SYDNEY, Nov 29- The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. Oil prices wobbled on doubts Wednesday's OPEC meeting would deliver a lasting deal, and even...

  • *HK dips as oil price wavers ahead of OPEC meeting. SHANGHAI, Nov 29- China's blue-chip CSI300 index is on track to rise for a seventh straight day, as investors, led by insurers, bet on modestly-valued, high-dividend sector leaders, reflecting growing confidence in the economy. Hong Kong markets dipped, however, weighed down by energy shares as oil price dipped on...

  • *Shanghai lead rockets 7 pct before easing. SYDNEY, Nov 29- Shanghai lead futures jumped more than 7 percent in early trade on Tuesday, outpacing more widely traded metals contracts and adding to concerns about a speculative build-up in commodity prices. Industrial metals generally eased, with London copper falling 1 percent, giving up some gains after earlier...

  • MEDIA- CHINA CENBANK BRANCHES SAID TO ASK BANKS TO STEP UP. --Some banks in overheated cities have been asked by the central bank branches to suspend distributing new home loans. Banks in Shanghai were told not to increase mortgage lending from the previous month.

  • *China infrastructure, property investment boost metals. LONDON, Nov 28- Zinc soared to a nine-year high on Monday and lead hit a five-year peak as reports of more infrastructure investment in China and signs of strong property investment in the world's top metals user sparked heavy buying. China on Monday approved a 247 billion yuan railway plan to improve...

  • This is a rally made in China, where the Shanghai Future Exchange's contract has gone super nova with both price and open interest hitting their highest levels since lead started trading in 2011.. Or maybe that should read "another" rally made in China because Shanghai lead seems to have been caught up by the speculative craze sweeping across the whole...

  • *Zinc, lead surge on China infrastructure, property investment. LONDON, Nov 28- Zinc soared to a nine-year high on Monday and lead hit a five-year peak as reports of more infrastructure investment in China and signs of strong property investment in the world's top metals user sparked heavy buying. China on Monday approved a 247 billion yuan railway plan to improve...

  • LONDON, Nov 28- Gold prices rose more than 1 percent on Monday, recovering from their lowest levels since February as the dollar and long-dated U.S. Spot gold was up 0.7 percent at $1,191.26 an ounce by 1119 GMT, after climbing as high as $1,197.54 earlier in the session. Spot prices marked their lowest since Feb. 8 at $1,171.21 on Friday, under pressure from a 14- year...

  • SHANGHAI, Nov 28- China has approved a 247- billion-yuan railway plan to improve transport links between the capital Beijing, the port city of Tianjin, and the neighbouring province of Hebei, part of plans to integrate the three areas into a mega-city. The plan will span nine projects that total 1,100 km in length, the country's powerful economic planner, the...

  • *Shanghai rebar steel up nearly 90 pct this year. *Shanghai exchange to limit size of positions of non-members. Strong property sales in China along with the government's push for more infrastructure projects via its public-private partnership fund have strengthened steel demand while supply is under control as Beijing intensely pursues capacity cuts,...

  • SHANGHAI, Nov 28- China's blue-chip CIS300 Index rose for the sixth straight session, with upbeat industrial profit data strengthening belief that the Chinese economy has bottomed out, making risk assets such as equities more attractive than bonds. Investors' risk appetite continued to rise after data showed China's industrial profits in October rose 9.8...

  • *China confirms "going out" strategy unchanged. SHANGHAI, Nov 28- China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/ 2- year lows revives worries about capital fleeing the country. Officials from the National Development and Reform Commission, the Ministry of Commerce, the People's...

  • *Shenzhen-Hong Kong Connect boost Hong Kong small-caps. Hong Kong shares also strengthened, touching a two-week high, as a pull-back in the surging U.S. dollar gave some relief to Asian shares, which had underperformed on worries about capital flight to high-yielding U.S. markets. Sentiment in the Hong Kong market was aided by an announcement on the weekend that...

  • *Spot gold to bounce to $1,210/ oz- technicals. Spot gold was up 1.05 percent at $1,195.26 an ounce $1,171.21 per ounce in the previous session. U.S. gold futures rose 1.43 percent to $1,195.20 per ounce.