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Asia Top News and Analysis Shanghai

  • NEW YORK, Jan 16- If you ever happen to run into Burbanks Mark Chu-Lin, he might not respond if you call out to him by name. Chu-Lin, a project analyst, has sometimes spent over $10,000 a year on his hobby even up to $15,000. Cosplay lovers were estimated to spend $17.8 billion on costumes worldwide in 2017, according to Shanghai- based research firm CRI.

  • SYDNEY, Jan 16- Copper markets in London and Shanghai eased on Tuesday, reversing an earlier uptrend, as the dollar pulled up from a three-year low. Earlier in the session, copper prices edged up in London and Shanghai, helped by a weaker U.S. dollar, which strengthened during Asian trading hours. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai...

  • **The largest percentage gainers in the main Shanghai Composite index were Beijing Airport High-Tech Park Co Ltd up 10.02 percent, followed by Fujian Longxi Bearing Group Co Ltd gaining 10.01 percent and Shanghai U9 Game Co Ltd up by 10.01 percent. **The largest percentage losses in the Shanghai index were Shangying Global Co Ltd down 9.99 percent, then Hang Xiao...

  • SHANGHAI, Jan 16- China's yuan, which has climbed against the U.S. dollar the past four days, advanced again early on Tuesday, supported by a much stronger official fixing and heavy corporate sales of the weakening dollar. The Chinese currency has risen about 1.2 percent against the dollar this year, after a roughly 6.8 percent gain during 2017, reversing three...

  • *China 2017 GDP growth seen at 6.8 pct, 2018 6.5 pct. BEIJING, Jan 16- China's economy is expected to cool this year as a government-led crackdown on debt risks and factory pollution drag on overall activity, a Reuters poll showed on Tuesday. Beijing is in the second year of a relentless campaign to wean China off its debt-heavy investment model, clamping down on...

  • SHANGHAI, Jan 16- Hong Kong stocks marched to new 10- year highs on Tuesday, underpinned by gains for resources and information technology firms, and also encouraged by an extended bull run on Wall Street. **China's economic growth is expected to have slowed slightly in the fourth quarter from the previous quarter, a Reuters poll showed, as the government extended a...

  • SYDNEY, Jan 16- Copper prices edged up in London and Shanghai markets on Tuesday, helped by a weaker U.S. dollar. *LONDON COPPER: Three-month copper on the London Metal Exchange had edged up 0.15 percent to $7,221 a tonne by 0250 GMT. *SHANGHAI COPPPER: The most-traded copper contract on the Shanghai Futures Exchange was up 0.16 percent at 54,750 yuan a tonne.

  • MOSCOW/ BEIJING, Jan 15- Russia's largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met. Russia, the world's third largest gold producer, had been looking for investments from Asian countries, including China, since...

  • MOSCOW, Jan 15- Russia's largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met. Shares in the Russian gold producer fell 3.6 percent to a five-month low after news the $887 million deal had fallen through, leaving the...

  • *Fire on sea surface has been put out- Japan's Coast Guard. TOKYO/ BEIJING, Jan 15- A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. The Coast Guard said the fire on the sea...

  • *Fire on sea surface has been put out- Japan's Coast Guard. TOKYO/ BEIJING, Jan 15- A burning Iranian oil tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. The Coast Guard said the fire on the sea...

  • MELBOURNE, Jan 15- CME Group won a bigger slice of the copper market in 2017 from its rivals in London and Shanghai, a Reuters analysis of exchange data showed, a trend that is expected to continue though this year. At the London Metal Exchange, holder of the world's largest copper contract, volumes fell by 7.9 percent to the lowest since 2010. Shanghai Futures...

  • SHANGHAI, Jan 15- China's yuan leapt to its strongest level in more than two years against the dollar on Monday, driven by corporate banking clients offloading dollars as the greenback fell broadly on international currency markets. "The yuan surged on the back of broader dollar weakness and is poised to make further gains this week," said Stephen Innes, head of...

  • SHANGHAI, Jan 15- Shanghai stocks fell on Monday to snap an 11- session winning streak, with gains in banking and real estate firms offset by resources and industrial shares, as investors took profits after recent bull run. **The largest percentage gainers in the main Shanghai Composite index were Harbin Air Conditioning Co Ltd up 10.05 percent, followed by...

  • SEOUL, South Korea— Global stock markets were mixed on Monday after Wall Street's strong finish last week. Britain's FTSE 100 inched down 0.1 percent to 7,772.74. Hong Kong's Hang Seng index dipped 0.2 percent to to 31,338.87 and China's Shanghai Composite Index slipped 0.5 percent to 3,410.49.

  • *Iran says remaining 29 crew, passengers presumed dead. *Biggest tanker spill since 1991 off Angola. TOKYO/ BEIJING, Jan 15- The burning Iranian oil tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a 10- mile long oil slick as black smoke continued to billow from the site, Chinese media and Japanese authorities said...

  • BEIJING— The fire from a sunken Iranian tanker ship in the East China Sea has burned out, a Chinese transport ministry spokesman said Monday, although concerns remain about possible major pollution to the sea bed and surrounding waters. The spokesman, who identified himself only by his surname, Zhao, said the fire ceased around noon. The cause of the Jan. 6 collision...

  • HONG KONG, Jan 15- Germany's central bank has decided to include China's currency, the yuan, in its foreign exchange reserves, Bundesbank board member Andreas Dombret said in Hong Kong on Monday. "I can today say that also the German central bank, the Bundesbank, has decided to include renminbi in our currency reserves," Dombret told a finance forum.

  • TOKYO/ BEIJING, Jan 15- Black smoke was billowing from the East China Sea site where a burning Iranian oil tanker sank, Japanese authorities said on Monday, as worries grow about damage to the marine ecosystem from the worst oil ship disaster in decades. Strong winds had pushed it away from the Chinese coast, where the incident happened, and into Japan's exclusive...

  • SHANGHAI, Jan 15- China's yuan leapt to its highest in more than two years against the dollar on Monday, after a Bundesbank board member said the German central bank had decided to include the Chinese currency in its reserves and corporates offloaded their dollar holdings. "The yuan surged on the back of broader dollar weakness and is poised to make further gains...