Sunday, March 19, 2023

Markets

Asian markets mostly up, Sydney hits 34-month high

asia stocks

HONG KONG: Asian markets were mostly up on Wednesday, with Sydney hitting a near three-year high, but Tokyo sank on profit-taking and as the yen picked up strength against the euro and dollar. The Japanese currency picked up after a Group of Seven (G7) statement on Tuesday that said “excessive volatility” in exchange markets hurts financial stability, as they tried …

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Growth worries hit Asian shares

Asian Markets stocks

SINGAPORE— Asian shares fell on Friday, growth-linked currencies such as the Australian dollar were shunned after data showing shrinking factory activity in China, and the euro zone heightened concerns about a slowdown in the global economy. Materials stocks such as miner BHP Billiton were prominent among the losers, but crude oil steadied after tumbling overnight and copper bounced off a …

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Asia stocks fall, China trade highlights slowdown

Asian Markets stocks

(03-12) 03:41 PDT LONDON, United Kingdom (AP) — Markets were steady Monday ahead of a meeting of European finance ministers that is expected to pave the way for a second massive bailout for Greece that will prevent the debt-ridden country’s imminent bankruptcy. Ministers from the 17 countries that use the euro are meeting later and Greece will again be at …

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Asian stock markets higher

asia stocks

SINGAPORE—Asian stock markets were higher Thursday amid growing optimism that Greece’s debt swap would prove successful, while Japanese exporter stocks benefited from a weaker yen, which fell after Japan posted a record current account deficit. As Thursday’s deadline approached, investors were cautiously optimistic that improving participation in a key debt swap for Greece, needed to keep the debt-laden nation from …

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China’s Stocks Fall for Third Day

China’s stocks fell for a third day, the longest losing streak in almost two months, on concern a global slowdown will hurt earnings. Jiangxi Copper Co. paced losses by raw materials producers after commodity prices slid the most this year. China Life Insurance Co. (601628) slipped to a two-month low after the nation’s biggest insurer said profit may have fallen as much as …

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Chinese stocks down on lowered GDP target

Asia Stocks

BEIJING, March 5 (Xinhua) — Chinese shares closed lower on Monday after Premier Wen Jiabao announced an economic growth target of 7.5 percent for this year, the lowest since 2004. The benchmark Shanghai Composite Index closed at 2,445, down 15.69 points, or 0.64 percent, from the previous close. The Shenzhen Component Index dropped 73.5 points, or 0.71 percent, to end …

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Sina Leads Weekly Climb

Chinese U.S.-listed stocks are poised to advance this week, led by Sina Corp. (SINA), on prospects the government will roll out measures to boost growth in the world’s second-largest economy at an annual meeting next week. The Bloomberg China-US 55 index of the most-traded Chinese stocks in the U.S. was little changed at 108.47 by 12:57 p.m. in New York, gaining 0.9 percent …

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Asian Stocks Cap Record Weekly Win Streak

STOCKS

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy …

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Asian Stocks and Treasuries Fall on Economic Growth Concern

stock asian

Feb. 23 (Bloomberg) — Asian stocks fell as reports signaled slowing global economic growth and Hewlett-Packard Co. forecast profit that missed estimates. The euro advanced for a second day, while oil declined from a nine-month high. The MSCI Asia Pacific Index declined 0.2 percent as of 3:28 p.m. in Tokyo. Euro Stoxx 50 Index futures and Standard & Poor’s 500 …

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Goldman Sachs plan to issue an Islamic sukuk ignites fiery debate

Islamic Finance sukuk

LONDON, Feb 23 (Reuters) – A controversial plan by Goldman Sachs to issue an Islamic bond has ignited a wider debate on whether conventional banks in the West should be allowed to engage in Islamic finance. At a major conference of Islamic scholars and bankers in London this week, much of the public and private discussion was devoted to whether …

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