Asia stocks

Asia stocks slide as China factory output slips

Thu, 23 May 2013 04:51:39 GMT

Source: www.boston.com --- Wednesday, May 22, 2013
BANGKOK (AP) â Asian stock markets slid Thursday, pulled down by a contraction in China's manufacturing that adds to signs that the shaky recovery in the world's No. 2 economy is slowing. ...

Asia stocks down as China factory output slips

Thu, 23 May 2013 03:03:25 GMT

Source: www.wral.com --- Wednesday, May 22, 2013
Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing. ...

SE Asia Stocks-Singapore up on earnings hopes; Thai shares fall

Wed, 22 May 2013 10:07:47 GMT

Source: uk.reuters.com --- Wednesday, May 22, 2013
BANGKOK, May 22 (Reuters) - Most Southeast Asian stock markets rose to new highs on Wednesday on light to moderate volume and ahead of U.S. Fed Chairman Ben Bernanke's testimony in Congress, with expectations of improved earnings forecasts supporting Singapore shares. Singapore's Straits Times Index was up 0.3 percent at 3,454.37, reversing Tuesday's fall, led by a 1.8 percent gain in Singapore Telecommunications Ltd, the top company by value. Jakarta's Composite Index gained 0.4 percen ...

Asia Stocks Rise to Five-Year High as BOJ Keeps Stimulus

Wed, 22 May 2013 06:40:27 GMT

Source: www.goldenschild.com --- Tuesday, May 21, 2013
Asian stocks held gains, with the regional benchmark index headed for its highest close since June 2008, after the Bank of Japan maintained its plan to expand the monetary base. Sony Corp. (6758) surged 7.4 percent in Tokyo after a person familiar with the matter said the company’s board will evaluate spinning off its entertainment division. Sojitz Corp., a Japanese importer of rare-earth metals, surged 13 percent after the Nikkei reported the trading company’s profit will rise. Seven West Media Ltd. (SWM) sank 7.9 percent after KKR & Co. sold a stake in Australia’s most-watched television broadcaster. The MSCI Asia Pacific Index advanced 0.3 percent to 144.47 as of 12:48 p.m. in Tokyo. Nine of 10 industry groups on the gauge climbed. The measure surged 11 percent this year through yesterday as U.S. economic data improved and the Japanese central bank took steps to counter deflation. “The BOJ policy is maintained and the momentum rally will continue,” said Masahiko Ejiri, a Tokyo-based fund manager at Mizuho Asset Management Co., which oversees about $45 billion. “Even some of the conservative pension funds are afraid that they will underperform their peers, so they are shifting back into domestic Japanese equities. We still have a long way to go with this rally.” Relative Value Gains in 2013 left the MSCI Asia Pacific gauge trading yesterday at 14.2 times average estimated earnings compared with 15.2 for the Standard & Poor’s 50 ...

Asia stocks muted ahead of Fed meeting

Tue, 21 May 2013 05:38:06 GMT

Source: www.charlotteobserver.com --- Monday, May 20, 2013
(By PAMELA SAMPSON, AP Business Writer) Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is currently conducting the third round of massive bond purchases known as quantitative easing to help drive down interest rates and spur lending. But recently improving data on the U.S. economy has led to speculation that the Fed might consider scaling back the program or winding it down earlier than expected. ...

Asia stocks fall ahead of Fed statements

Tue, 21 May 2013 05:38:03 GMT

Source: www.charlotteobserver.com --- Monday, May 20, 2013
(By PAMELA SAMPSON, AP Business Writer) Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive bond purchases known as quantitative easing to help drive down interest rates and spur lending. But recently improving data on the U.S. economy has led to speculation that the Fed might consider scaling back the program or winding it down earlier than expected. ...