Gold Climbs to Three-Month High on Haven Demand as Stocks Drop

Gold rose to a three-month high as investors continue to seek alternative assets amid turbulence in financial markets. Asian stocks dropped and oil resumed its selloff. Bullion for immediate delivery gained as much as 0.2 percent to $1,130.50 an ounce, the highest level since Nov. 3, and traded at $1,128.33 at 9:11 a.m. in Singapore, according to Bloomberg generic pricing. Gold is extending its 2016 rally, underpinned by demand for...

Yen Still Sulking, Resilient Aussie Awaits RBA Rate Review

The yen remained in the doldrums on Tuesday after a restless session overnight, while the Australian dollar held firm as investors bet the Reserve Bank of Australia will resist the recent trend for surprise policy easings. The dollar bought 120.85 yen, staying near a peak of 121.70 set on Friday after a shock cut in Japanese interest rates sent yen bulls packing. The euro fetched 131.68 yen, also not far from a high of 132.45. Against...

Japanese Stocks Fall, Halting Two-Day Rally, as Oil Resumes Rout

Japanese stocks fell for the first time in three days, led by energy companies as crude oil resumed its rout amid concern that China’s economy is slowing. The Topix lost 0.9 percent to 1,449.93 as of 9:02 a.m. in Tokyo, halting a rally of more than 5 percent over the previous two days after the Bank of Japan boosted stimulus. All but two of its 33 industry groups declined. The Nikkei 225 Stock Average slipped 0.7 percent to 17,743.13....

Asia Stocks Fall First Time in Five Days as Energy Shares Drop

Asian stocks dropped, with the regional benchmark index heading for its first decline in five days, as material and energy shares led losses after oil resumed its selloff amid signs China’s economy is deteriorating. The MSCI Asia Pacific Index slid 0.3 percent to 122.29 as of 9:01 a.m. in Tokyo. The gauge on Monday capped its longest winning streak of the year, gaining 4.1 percent in four days, as optimism grew that central banks...

Bursa Hong Kong Turun Pasca Melemahnya Data China ( Review )

Bursa saham Hong Kong melemah pada hari Senin setelah survei resmi menunjukkan aktivitas pabrik China menyusut lebih dari yang diharapkan pada bulan Januari dan merupakan laju tercepat dalam hampir 3-1/2 Tahun terakhir. Indeks Hang Seng turun 0,5 persen ke 19,595.50 poin, sementara Indeks China Enterprises Kehilangan 1,2 persen menjadi 8,144.85.(frk) Sumber : Reuter...