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Asia Top News and Analysis Shanghai

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  • HONG KONG, Feb 12- China's new home prices may have bottomed and even started to rebound in January after eight months of decline, industry surveys showed, fuelling hopes that official data due on Tuesday will confirm a recovery in the massive property market. "Sales in the market will slowly go up from the second quarter, because policy now is more favourable and...

  • SHANGHAI, Feb 12- Any rally in China's stock market could be held back by regulatory steps taken late last year to crackdown on trading irregularities, traders say. Zhang said Chinese investors had bought into the stock market using cash switched from other segments of China's capital markets. Since the start of the year, China's blue-chip CSI300 index has...

  • Trading volume in Shanghai thin ahead of Lunar New Year. SHANGHAI, Feb 12- China stocks retreated early on Thursday despite fresh central bank moves to improve short-term liquidity, as investor confidence was not strong enough to extend a three-day winning streak for the main indexes. "In addition to easing policies we see today, there could be further cuts in...

  • LAUNCESTON, Australia, Feb 12- Anybody looking at China's vast aluminum sector may be struck by a sense of deja vu, as the issues of last year appear set for a repeat performance in 2015.. China produced about 27.5 million tonnes of aluminum last year, according to consultants AZ China, a figure above the official 24.4 million tonnes, which AZ China says doesn't...

  • *Stocks, euro slip lower before euro zone meetings on Greece. *Russian, Ukraine markets sag before Minsk meeting. LONDON, Feb 11- European stocks and the euro fell on Wednesday and the dollar rose as Greece and the euro zone edged closer to confrontation.

  • LONDON, Feb 11- Copper rose on Wednesday as some investors bet that a floor was in place after heavy losses, while tin touched a fresh 2-1/ 2 year low on worries about weak demand. "Copper is trying to look for a bottom, but there are plenty of things that can go wrong, revolving around Ukraine and Greece in particular, and in the background the concern about the extent of...

  • China stocks close higher on policy expectations Wednesday, 11 Feb 2015 | 2:09 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent, to 3,434.12, while the Shanghai Composite Index gained 0.5 percent, to 3,157.70 points. Among the most active stocks in Shanghai were Bank Of China, down 0.7 percent to 4.07 yuan; China Railway Group, up 2.1 percent to 8.31 yuan and China Petroleum& Chemical Corp, down 0.7...

  • GLOBAL MARKETS-Stocks, currencies wary of Greek confusion Wednesday, 11 Feb 2015 | 12:22 AM ET

    *Asia stocks little changed, Japan markets on holiday. *Euro zone finance ministers meet on Greece later Wednesday. Moves were minor with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of Asia-Pacific shares outside Japan off a slight 0.2 percent.

  • *Chinese telecom shares up on Qualcomm fines. SHANGHAI, Feb 11- China shares rose for a third straight day on Wednesday after the central bank vowed to support economic growth, but investors were reluctant to chase stocks too high on concerns that the rebound was due to technical factors and may be short-lived. The People's Bank of China made clear on Tuesday it was...

  • Yuan weakens on deflation fears Tuesday, 10 Feb 2015 | 10:50 PM ET

    SHANGHAI, Feb 11- China's yuan weakened marginally on Wednesday amid concerns that deflationary risks are growing, increasing the need for more policy easing. The People's Bank of China set the midpoint rate at 6.1315 per dollar prior to the market open, weaker than the previous fix of 6.1295. A raft of weak Chinese economic data have also raised expectations...

  • *Asia stocks little changed, Japan markets on holiday. SYDNEY, Feb 11- Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street. Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of...

  • *Euro under pressure over Greece. Treasury yields, while the euro was weighed down by official comments and media reports on the progress of discussions over a new debt deal for Greece. The euro sank below $1.13 in morning trade in Europe, but recovered some of its losses after a report said European officials would make a compromise proposal to give Athens...

  • *Greek debt worries, Ukraine conflict sap risk appetite. LONDON, Feb 10- Nerves over Greece's future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a U.S. interest rate hike nudged the dollar higher and oil prices held steady after a rebound. European stocks fell 0.3 percent and the euro slipped towards...

  • China's annual consumer inflation hit a five-year low in January while factory deflation deepened, underscoring persistent weakness in the economy. "This could trigger more easing policies, such as additional cuts in interest rates or reserve ratios, which will give the stock market some support," said Li Feng, a trader at Fortune Securities.

  • TOKYO, Feb 9- European stocks dipped and low-rated bond yields rose on Monday after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors kept investors cautious. In Europe, all eyes were on Greece, after its new prime minister Alexis Tsipras ruled out extending its bailout and pledged to reverse...

  • SHANGHAI, Feb 9- China stocks rebounded on Monday as excitement around the launch of the country's first stock options offset worries over the economy following worse-than-expected trade data. Financial shares, which represent some of the most heavily weighted stocks on the Shanghai Stock Exchange, climbed after the bourse launched options that offer...

  • Yuan weakens after weak trade data Sunday, 8 Feb 2015 | 11:28 PM ET

    SHANGHAI, Feb 9- China's yuan weakened slightly against the dollar on Monday after China published surprisingly weak January trade data on Sunday, and continued to trade near the limit of its daily trading band as the central bank held the exchange rate steady. The People's Bank of China set the midpoint rate at 6.1311 per dollar prior to market open, weaker than...

  • SHANGHAI, Feb 9- Ant Financial Services Group, an affiliate of Chinese e-commerce titan Alibaba, is in negotiations for funding that have reached a "critical stage" and value the company at $30 billion, news magazine Caixin reported on Monday. Ant Financial is controlled by Alibaba's Executive Chairman Jack Ma and other senior Alibaba executives, after the...

  • SHANGHAI Feb 8- China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy. Largely as a result of the sharply lower imports- particularly of coal, oil and commodities- China posted a...

  • Hong Kong shares down on profit-taking pressure Friday, 6 Feb 2015 | 3:06 AM ET

    Feb 6- Hong Kong shares edged down on Friday as investors took profits, remaining cautious over the state of China's economy after the brief filip given by the central bank loosening liquidity earlier this week. Among the most actively traded stocks on Hong Kong's main board were China National Culture Group Ltd, up 8.9 percent at HK $0.12, South East Group Ltd, up...