Hong Kong Shares Produce Solid Rise After China Easing Move (Review)

Hong Kong shares finished up on Tuesday, tracking China shares that finally rallied in late afternoon following an easing move by the central bank. The Hang Seng index rose 1.6 percent, to 19,407.46, while the China Enterprises Index gained 1.9 percent, to 8,068.29 points. Total trading volume of companies included in the HSI index was 1.5 billion shares. Source : Reuter...

Yen Holds Declines as Equity Rebound Tempers Demand for Safety

The yen held losses against most of its major counterparts as equities in Asia extended gains after monetary stimulus in China earlier this week brightened prospects for the world’s second-largest economy. Japan’s currency remained lower against 14 of its 16 main peers after China’s central bank on Feb. 29 cut the amount of cash lenders must hold in reserve. Demand for the yen as a haven from turmoil in global markets saw it post a...

Oil Gains Push Aust Dollar Higher

The Australian dollar has jumped as optimism reigned overnight, boosting commodity currencies. At 7.00am (AEDT) on Wednesday, the local unit was trading at US71.76c, up from US71.46c on Tuesday. A surge in risk sentiment was fuelled by more positive US data surprises and repeated signals that the European Central Bank may ease. A US manufacturing index had a modest improvement in January, although it remained in contraction for a fifth...

Asian Stocks Track U.S. Gains as Yen Drops, Energy Shares Climb

Asian stocks rose, following a surge in U.S. shares, as a weaker yen buoyed Japanese equities and energy companies advanced. The MSCI Asia Pacific Index climbed 0.6 percent to 120.57 as of 9:01 a.m. in Tokyo, with health-care and energy shares leading gains. Japan’s Topix index added 1.9 percent after the yen slid 1.2 percent on Tuesday, while the Standard & Poor’s 500 Index posted its largest increase since January. Crude pared a...

Japan Stocks Rise, Following U.S. Equity Surge, as Yen Weakens

Japanese stocks rose for a second day, following a surge in U.S. equities, as the yen weakened and data indicated manufacturing in the world’s largest economy may be stabilizing. The Topix index jumped 1.9 percent to 1,325.11 as of 9:01 a.m. in Tokyo, with all of its 33 industry groups rising. The Nikkei 225 Stock Average added 1.9 percent to 16,394.78. The yen traded at 113.91 per dollar after dropping 1.1 percent on Tuesday. The Nasdaq...