What do the moves in China mean for the retail investor? David Chao, DCM Ventures co-founder and general partner, joins Squawk Alley to discuss.» Read More
*Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose more than 1 percent as the dollar weakened against the euro on Wednesday, but the metal was still on track for a monthly loss on uncertainty about demand from top consumer China.
*Market eyes China official PMI on Thursday. LONDON, Oct 31- London copper bounced more than 1 percent as the dollar weakened on Wednesday and short-term speculators switched to risk-on trading, but the metal was on track for a monthly loss as uncertainly persisted about demand from top consumer China.
*Yuan posts strongest ever open and close. *Ends day at strong-side limit. SHANGHAI, Oct 31- China's yuan recorded its strongest ever close on Wednesday after it hit the strong-side trade band limit for a fourth time in less than a week, and held there until trading shut.
*HSI up 1 pct, climbs 3.8 pct this month. HONG KONG, Oct 31- Hong Kong shares posted a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.
HONG KONG, Oct 31- Hong Kong shares closed out a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.
SINGAPORE, Oct 31- London copper climbed for a second session on Wednesday, pushing further away from two-month lows as risk appetite picked up, but the industrial metal is heading for its weakest month since May as demand growth from top consumer China slows.
HONG KONG, Oct 31- Mainland Chinese shares edged higher on Wednesday, buoyed by earnings-driven strength in the banking and retail sectors that helped benchmark indices trim October losses. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 0.7 percent on Wednesday but down 1.7 percent in October at 2,254.8.
*Yuan posts strongest open just shy of trade limit. SHANGHAI, Oct 31- China's yuan opened just shy of its strong-side limit on Wednesady, posting its strongest ever open as demand for the currency rebounded after appearing to ease in the previous session.
*HSI +0.4 pct; CSI300 flat, Shanghai -0.2 pct. *HSI set for Oct gain, CSI300, Shanghai to post monthly loss. HONG KONG, Oct 31- Hong Kong shares bounced off a near two-week low, buoyed by strength in Chinese banks after the largest, Industrial and Commercial Bank of China, posted third-quarter earnings that beat expectations.
Among active stocks, construction equipment maker Komatsu rallied 3.2 per cent to Y1, 672 on receding concerns over its outlook following second-quarter results. Hitachi jumped 3.2 per cent to Y423 after maintaining its full-year profit forecast.
SHANGHAI, Oct 30- China's yuan briefly touched on the strong side trading limit in Monday's afternoon session, as traders pointed towards a euro rally against the dollar as propping up demand. A sharp strengthening of the euro against the dollar that began around 2 pm supported the yuan's appreciation in the afternoon session, traders said.
TOKYO/ BEIJING, Oct 30- Heavy equipment makers are pinning their hopes on a stimulus fuelled rebound in China in 2013, after suffering another bruising quarter as the global economy slowed faster than expected with little respite seen before the end of the year.
HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers after strong third-quarter earnings from three of China's ``Big Four'' banks.
HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with local developers extending losses in the wake of fresh curbs on real estate purchases in the territory. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.8 percent.
SINGAPORE, Oct 30- Iron ore prices may drop nearly 10 percent over the next three years as top consumer China's economic growth shifts to a slower gear, threatening to squeeze profits at global miners Vale, Rio Tinto and BHP Billiton, a Reuters poll showed.
SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit in the prior session, with lower prices spurring some buying, but global growth worries could cap gains in trade dampened by one of the biggest storms ever to hit the United States.
HONG KONG, Oct 30- Mainland China shares eked out their first gain in about a week on Tuesday, led by property firms after the second-largest player in the sector by market cap, Poly Real Estate, posted strong third-quarter earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 0.2 percent at 2,239.9, its first daily gain in six days.
*MSCI Asia ex- Japan inches up 0.1 pct. TOKYO, Oct 30- Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep U.S. markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps.
*China c.bank weakens yuan midpoint. SHANGHAI, Oct 30- China's yuan weakened slightly in morning trade on Tuesday, and traders said it may have reached a natural balance after last week's rush for the currency. The People's Bank of China set its midpoint at 6.3028 per dollar, weaker that Monday's fix of 6.2992.
HONG KONG, Oct 30- Hong Kong shares weakened in morning trading on Tuesday, with local developers slipping further into the red in the wake of curbs on real estate purchases in the territory announced last Friday.