Asia Top News and Analysis Shanghai

More

  • *Pfizer-Allergan deal fails to inspire Wall Street investors. TOKYO, Nov 24- Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to 8- month highs on rising convictions that the Federal Reserve will raise interest rates next month. "We're post Japan Inc earnings now and the...

  • TOKYO, Nov 24- Japanese stocks slipped in thin trade on Tuesday after the Tokyo Stock Exchange opened following a three-day holiday weekend. "We're post' Japan Inc' earnings now and the focus is back on China where local brokers are talking about market reforms, many of which will have a direct market impact,," said Gavin Parry, managing director of Parry...

  • MANILA/ LONDON, Nov 23- Metals fell to multi-year lows on Monday, while a Saudi Arabian cabinet statement offered a brief respite for oil before it rejoined other commodities' tumble on concerns about China's economy and a strengthening dollar. "Nobody really believes Saudi Arabia will bow to pressure," Commerzbank commodities strategist Carsten Fritsch said.

  • *Guotai Junan International says CEO, chairman missing. SHANGHAI, Nov 23- Guotai Junan International Holdings Ltd, a Hong Kong subsidiary of one of China's largest brokerages, said on Monday it had been unable to reach its chairman since last week, which prompted its shares to tumble more than 17 percent. Guotai Junan said in a Hong Kong stock exchange statement...

  • SHANGHAI, Nov 23- China stocks ended lower on Monday, with the telecoms sector leading declines and as investors remained cautious ahead of a fresh batch of listings. Ten Chinese companies published prospectus filings on Monday indicating they would raise a combined 3 billion yuan via share sales, as China resumes initial public offerings, which were...

  • MANILA, Nov 23- Copper and nickel tumbled to multi-year lows and oil extended losses on Monday as commodities bore the brunt of another selloff, reflecting growing worries over China's economic fate and a strengthening dollar. Persistent fears that China, a top consumer of many commodities from copper to iron ore and rubber, "might stumble a bit more" are feeding...

  • *Nickel, zinc down on grim China steel outlook. MELBOURNE, Nov 23- London copper sagged to a new 6-1/ 2- year low on Monday, with other metals near their own multi-year troughs, as China's slowing factory demand pushes more supply onto global markets and the dollar strengthens against a slew of other currencies. Metals tied to China's huge steel sector were...

  • SHANGHAI, Nov 23- China's onshore yuan edged down against the dollar early on Monday to its weakest level since August, in line with a decline in offshore yuan. The onshore yuan followed the offshore market, "said a trader at a Chinese commercial bank in Shanghai. The yuan has broadly weakened over the past month, in spite of the wide anticipation that the yuan will...

  • MELBOURNE, Nov 23- London copper slipped to a fresh six-and-a-half year low on Monday, as traders bet metals prices had further to fall given China's slowing factory demand. *Across other metals, Shanghai nickel fell 4 percent, dragging London nickel down 2 percent, on concerns that China's steel glut would hit other steel-making materials.

  • BEIJING, Nov 20- China's major zinc smelters said on Friday they will slash output by 500,000 tonnes next year, almost a fifth of their output as the industry tries to boost prices languishing at six-year lows. It fell back to $1,588 by 1437 GMT, but is still on course for its largest one-day gain since Oct. 9. "We had the announcement of zinc mine closures by Glencore a...

  • LONDON, Nov 20- The London zinc price touched a fresh six-year low of $1,497.50 per tonne on Thursday. Last month's flurry of excitement after Glencore's announcement of 500,000 tonnes of mine cuts had, it seemed, completely dissipated. Zinc, like copper, has been coming under sustained bear attack from China, where Shanghai Futures Exchange volumes and open...

  • *Zinc had hit 6- yr low on Thursday as China output weighed. LONDON, Nov 20- Zinc prices surged nearly 6 percent on Friday after top Chinese smelters agreed to cut output next year by 500,000 tonnes, sparking worries about shortages. A surge of refined output from China has been weighing on the whole zinc market all year, "said Caroline Bain, senior commodities...

  • SHANGHAI, Nov 20- Even with copper prices reeling from their biggest rout in six years, there were few signs at China's biggest copper conference this week of manufacturers being tempted back to buy more of the metal. At the Shanghai meeting, big copper users, ranging from wire manufacturers to plumbing material makers, in the world's top consumer told a similar...

  • *London copper facing biggest weekly loss this year. MELBOURNE, Nov 20- London nickel slumped to its weakest level in more than a decade on Friday, as traders shorted the metal used by China's struggling stainless steel industry, gripped by a wider downturn across industrial metals demand. The collapse of nickel prices, the first industrial metal to drop to levels...

  • *Nickel, zinc seen as casualties of China steel woes-trader. LONDON, Nov 19- Base metals fell to multi-year lows on Thursday as worries that supply cuts are not enough to balance a market battling weak demand in top metals user China. "The dollar on a day to day basis drives the price but the bigger picture is not enough production cutbacks and we still see very...

  • *Bank of Japan maintains stimulus, ECB minutes due later. European stocks also opened strongly with the FTSEurofirst 300 pushed to a three-month high by more than 1 percent gains in London, Frankfurt and Paris, after Japan's Nikkei had hit a similar peak in Asia. "We have had an interesting FOMC minutes and risk assets have rallied across the board with the dollar...

  • Nov 19- Hong Kong shares ended more than 1 percent higher on Thursday, encouraged by a rally on Wall Street and a robust rebound in mainland markets. "A U.S. rate hike won't have any negative impact on the market because it has been talked about so much," said Wayne Shen, Shanghai- based fund manager at Ivy Assets. He added that many Hong Kong stocks were much cheaper than...

  • SHANGHAI, Nov 19- China stocks ended higher on Thursday, with a sharp rebound in small-caps offsetting the drag from property shares and investor caution ahead of a flurry of new listings. Wayne Shen, Shanghai- based fund manager at Ivy Assets, said that in the short term, the market was under pressure from upcoming initial public offerings, but looking forward, the...

  • *Bank of Japan maintains stimulus, ECB minutes due later. Financial spreadbetters expected opening gains of 0.45 percent for Britain's FTSE 100, 0.89 percent for the German DAX and 0.88 percent for France's CAC 40. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.98 percent, while Australia's main index jumped 2 percent for a third straight...

  • *Bank of Japan maintains stimulus, ECB minutes due later. The Bank of Japan surprised no one at its regular policy meeting by maintaining the current pace of asset buying, though many still suspect it will have to ease again at some point to force inflation higher. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5 percent.