Asia Top News and Analysis Shanghai

More

  • SHANGHAI, Sept 7- Financial shares led Chinese equities lower on Monday as tighter futures-trading rules and supportive comments by China's central bank governor failed to stem afternoon selling pressure on the first trading day since Wednesday. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 3,250.49, while...

  • LONDON, Sept 7- European shares bounced back on Monday from sharp declines in the previous session, boosted by mining and commodities trading firm Glencore which rose after announcing plans to cut its debt. Glencore shares surged 8 percent, the top gainer in Europe, after the company said it will suspend dividends, sell assets and raise $2.5 billion in a new share...

  • Hong Kong shares slide after onshore selloff Monday, 7 Sep 2015 | 4:08 AM ET

    Sept 7- Hong Kong shares finished down on Monday, following a sharp selloff in onshore markets. The Hang Seng index fell 1.2 percent, to 20,583.52, while the China Enterprises Index lost 0.7 percent, to 9,103.22 points. Among the most actively traded stocks on Hong Kong's main board were Ngai Shun Holdings, down 16.2 percent to HK $0.03 China Property Investment...

  • *CSI index closes down 3.4 pct, Shanghai down 2.5 pct. Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China's securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over. The CSI300 index of the biggest stocks in...

  • China stocks tumble after volatile day Monday, 7 Sep 2015 | 3:14 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 3,250.49, while the Shanghai Composite Index lost 2.5 percent, to 3,080.42 points. Among the most active stocks in Shanghai were ICBC, down 8.9 percent to 4.51 yuan; Agricultural Bank Of China, down 7.4 percent to 3.12 yuan and China Shipbuilding, down 5.6 percent to 10.74...

  • *China shares weave in and out of red after 2- day break. TOKYO, Sept 7- Asian stocks were subdued on Monday, lacking clear direction as Shanghai shares see-sawed in and out of the red after the Chinese markets resumed trading following a four-day long weekend. Spreadbetters forecast Britain's FTSE, Germany's DAX and France's CAC opening a touch higher in a rebound...

  • *Man Group chairwomen Li denies she was taken into custody. SHANGHAI Sept 7- China's policymakers and regulators tried to soothe the country's jittery markets on Monday, promising deeper financial market reforms and stressing the economy was showing signs of stabilizing, as stocks resumed trading after a four-day long weekend. Looking to draw a line under...

  • SHANGHAI, Sept 7- China's main indexes rose on Monday in the first trading after a two-day holiday during which further restrictions on futures trading were announced. The policy move on Wednesday evening- raising margin requirements for non-hedging futures contracts to 40 percent of contract values from 30 percent- is another blow to the nascent futures...

  • SHANGHAI, Sept 7- China's yuan weakened against the dollar on Monday in spite of a firmer midpoint, as investors sold the Chinese currency and the central bank was seen to be less heavily intervening in the market via state-owned banks. "Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.

  • *China shares wobble after 2- day break, weigh on Asia. TOKYO, Sept 7- Asian stocks sagged on Monday, with risk sentiment dampened as Shanghai shares wobbled after the Chinese markets resumed trading following a four-day long weekend. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7 percent.

  • TOKYO, Sept 7- Asian stocks weakened on Monday, taking early cues from Wall Street's slide after the August jobs report failed to give a clear view on the Federal Reserve's interest rate hike, while participants also nervously awaited the restart of Chinese financial markets following the long weekend. Japan's Nikkei lost 0.7 percent while South Korea's Kospi...

  • SHANGHAI, Sept 7- With Chinese stocks plummeting, money rates rising and the yuan facing uncertainty, onshore investors are fleeing to the one corner of financial markets still standing- long-dated bonds. This has prompted a 36 percent rise in interbank bond issuance, for the year-to-date as of July, driven largely by the swap program, which was expanded by 1.2...

  • XUZHOU, China, Sept 7- Two years after China unveiled a sweeping plan to rebuild Silk Road trade links with Europe and Asia, machinery maker XCMG Group has opened a factory in Uzbekistan, sent 300 staff abroad and set ambitious goals to grow overseas. "This is China's grand strategy," said Hanson Liu, assistant president at Xuzhou Construction Machinery Group, which...

  • LONDON, Sept 3- On the London Metal Exchange benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. Nickel hit a low of $9,100 during its "flash crash" of Aug. 12, within spitting distance of the low of $8,850 recorded in October 2008, the month after the fateful " Lehman Moment." When nickel recorded that historic low back in October...

  • Those who remain bullish on China's long-run economic prospects have switched more of their focus to the Hong Kong market because valuations are lower, it is better regulated, and less prone to the whims of officials in Beijing than the mainland markets in Shanghai and Shenzhen. Those include betting against the currencies of Asian trading partners, and...

  • COLUMN-Why is nickel trading like it's 2008? Andy Home Thursday, 3 Sep 2015 | 10:34 AM ET

    LONDON, Sept 3- On the London Metal Exchange benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. Nickel hit a low of $9,100 during its "flash crash" of Aug. 12, within spitting distance of the low of $8,850 recorded in October 2009, the month after the fateful "Lehman Moment". When nickel recorded that historic low back in October...

  • HONG KONG/ SHANGHAI, Sept 2- China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy. But the way it has pushed through a raft of measures in recent weeks has heightened foreign investors'...

  • *China regulators investigating stock market volatility. SHANGHAI, Sept 1- Investigations by Chinese authorities into wild stock market swings are spreading fear among China- based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. China has unleashed a volley of...

  • SHANGHAI, Sept 2- Chinese stocks managed to bounce off from steep losses and ended Wednesday almost flat as fresh supportive measures from brokerages eased investor fears that Beijing may be intensifying a crackdown on illegal margin financing. The market was previously weighed down by news that China's securities regulators have urged brokerages to...

  • China oil market reform paves way for new crude benchmark Wednesday, 2 Sep 2015 | 12:50 AM ET

    *Oil market reforms will squeeze China's state oil giants. SINGAPORE, Sept 2- China may launch a global crude oil futures contract as early as October to compete with the existing London Brent and the U.S. The long-awaited crude contract would better reflect China's growing importance in setting crude prices, as well as boost the use of the yuan in which it will be...