GO
Loading...

Enter multiple symbols separated by commas

Asia Top News and Analysis Shanghai

More

  • BEIJING, Aug 27- China's richest man said on Thursday the government needs to give up any "fantasy" of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World...

  • US stocks open higher after Chinese market surges Thursday, 27 Aug 2015 | 3:29 AM ET

    BEIJING— China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses. Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44.

  • SHANGHAI, Aug 27- China stocks rebounded sharply on Thursday, snapping a savage five-day losing streak, as a rally on Wall Street brought some calm to shaky global markets. But traders said the market remained vulnerable to sudden selloffs, as investors who bought shares using margin financing continue to deleverage, and as China's economic outlook remains...

  • Adidas CEO sees no crisis in China -paper Thursday, 27 Aug 2015 | 3:16 AM ET

    FRANKFURT, Aug 27- German sporting goods company Adidas is not experiencing any slowdown in China, German daily Frankfurter Allgemeine Zeitung quoted its Chief Executive Herbert Hainer as saying upon his return from a trip to the Asian country. Adidas CEO Herbert Hainer, however, told FAZ that his company is proving resilient in the face of the economic...

  • *Global markets take heart from Wall Street rally. *But overproduction, weakening China still weigh on oil. SEOUL/ SINGAPORE, Aug 27- Oil prices climbed by around $1 a barrel on Thursday on an unexpected fall in U.S. crude inventories and a rally in global equity markets, although ongoing oversupply capped gains.

  • FOREX-Yen nurses losses as equities rally lifts mood Thursday, 27 Aug 2015 | 12:54 AM ET

    *Asian equities rise after Wall Street rally. SINGAPORE/ SYDNEY, Aug 27- The yen nursed losses against the dollar on Thursday as gains in Chinese equities helped underpin risk sentiment for now and dampened demand for the safe haven Japanese currency. Asian equities rose and Shanghai stocks edged up 1.6 percent after Wall Street posted its biggest one-day gain...

  • China's yuan firms slightly, supported by rise in stocks Thursday, 27 Aug 2015 | 12:52 AM ET

    SHANGHAI, Aug 27- China's yuan edged up against the dollar by midday on Thursday as a recovery in the country's major stock indexes boosted sentiment on the currency in spite of a weaker midpoint. The benchmark Shanghai Composite Index was up 1.55 percent by midday partly as a strong rebound on Wall Street helped calm global markets after days of wild volatility.

  • *China regulators lured Chinese execs from Wall St in 2009. SHANGHAI, Aug 27- At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets. By summer 2015, China's Securities Regulatory Commission needed them more than ever; a...

  • Still, some investors remained on edge, after European shares slid nearly 2 percent overnight and ahead of more readings on China's factory and services sector activity early next week. Markets around the world plunged earlier in the week as a slump in Shanghai shares fueled worries over China's economic health, but some calm returned after Beijing rolled out...

  • *China stocks still a wild card. Stock markets around the world had tumbled earlier in the week as a slump in Shanghai shares fueled worries over China's economic health, but some calm returned after Beijing rolled out strong policy easing steps late on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent early on Thursday,...

  • *Data due on Sept. 1 at 0100 GMT. BEIJING, Aug 26- Activity in China's manufacturing sector likely shrank at its fastest pace in three years in August, a Reuters poll suggested, adding to signs of deepening economic weakness which are shaking global financial markets. A separate private survey released last week revealed that China's factory sector shrank at its...

  • China's Xi staying the course despite sliding economy Wednesday, 26 Aug 2015 | 6:41 AM ET

    BEIJING— What does China's leadership lose politically as a result of the country's precipitous stock market decline? President Barack Obama and other world leaders at a global summit in Beijing and launched the Asian Infrastructure Investment Bank as China's alternative to Western-dominated institutions such as the World Bank and International...

  • China's yuan reverses fall to close firmer, volumes surge Wednesday, 26 Aug 2015 | 5:58 AM ET

    SHANGHAI, Aug 26- China's yuan reversed earlier declines to close slightly stronger against the dollar on Wednesday, with volumes surging to the second biggest since records were available. Traders said the market was increasingly divided over the currency's direction after the People's Bank of China on Tuesday cut the one-year benchmark bank lending rate...

  • *PBOC says "still downward pressure" on China growth. HONG KONG/ SHANGHAI, Aug 26- China's turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing's ability to jolt the world's second biggest economy out of its slowdown. The response from China's two main stock indexes- never...

  • *Euro, yen seen benefiting from risk aversion longer term. LONDON, Aug 26- The dollar cut gains against the safe-haven yen and euro on Wednesday, as Chinese and European stock markets lost ground despite China's easing measures, with most investors fretting over the outlook for the global economy. The euro briefly turned higher on the day, rising to $1.1515 in...

  • SHANGHAI, Aug 26- China's fresh monetary easing triggered stock market gyrations on Wednesday, with key indexes ending down for a fifth straight session after swinging more than 3 percent in both directions in extreme volatility. The CSI300 blue-chip index of the largest listed companies in Shanghai and Shenzhen ended down 0.6 percent, to 3,025.69, while the...

  • HONG KONG/ SHANGHAI, Aug 26- China's turbulent stock markets turned sharply higher at midday on Wednesday, following Tuesday's strong dose of central bank stimulus, though confidence in Beijing's ability to jolt the economy out of its slowdown remained fragile. China's two main stock markets, never a reliable barometer of the domestic economy, struggled to...

  • *SAIC Motor, Dongfeng Motor shares outperform wider market. SHANGHAI/ BEIJING, Aug 26- Shares of Chinese automakers rallied on Wednesday after China's central bank cut reserve requirements for auto and financial leasing companies in its latest round of policy easing to boost the country's slowing economy and a stumbling stock market. Shares of top Chinese...

  • TOKYO, Aug 26- Japanese government bond prices were steady on Wednesday, as volatility in global asset markets helped support safe-haven debt. Treasuries fell overnight in response to China's policy easing steps late on Tuesday, but they regained traction as trading in the region's equity markets remained volatile despite the supportive measures.

  • *Gold down for third session in a row. MANILA, Aug 26- Gold slipped on Wednesday, struggling to draw buyers even as Asian stocks fell further despite China's latest policy easing with investors remaining wary of a near-term hike in U.S. interest rates. But stocks resumed their decline in Asia on Wednesday as investors feared China's actions would not be enough to...