Invest
   Home   |   Business News   |   Personal Finance   |   World News   |   U.S. News   |   Technology   |   Stock Alert   |   Stock Picks  |   Breaking News  |   Forex  |   Gold
Custom Search

Asian shares sink after Wall Street drop, US economy fears

People look at an electronic stock indicator of a securities firm in Tokyo, Thursday, May 7, 2015. Asian markets drooped Thursday after comments from the U.S. Federal Reserve chief fanned fears about the American economy and sent Wall Street lower. (AP Photo/Shizuo Kambayashi)TOKYO (AP) ? Asian markets drooped Thursday after comments from the U.S. Federal Reserve chief fanned fears about the American economy and sent Wall Street lower.


Beijing tries to tap brakes on stock market boom

In this May 6, 2015 photo, a tourist from China's Inner Mongolia Province takes a photo of a statue of a bull in Beijing. After months of cheerleading for rising prices, China?s leaders are trying to tap the brakes on a stock market boom that could run out of control and disrupt economic reform plans. (AP Photo/Mark Schiefelbein)BEIJING (AP) ? China's leaders are trying to tap the brakes on a stock market boom that could run out of control and disrupt economic reform plans.


Asia slides, euro at two-month peak as global bond rout rattles markets

An employee of the Tokyo Stock Exchange stretches his body as he works at the bourse at TSE in TokyoBy Shinichi Saoshiro TOKYO (Reuters) - Asian stocks fell on Thursday, led by losses on Wall Street, while a rise in euro zone debt yields amid a global bond rout kept the euro near a two-month peak versus the dollar, while the pound lost ground ahead of Britain's election later in the day. The Conservative and the opposition Labour Party have been neck and neck in opinion polls that indicate Britain could be in store for a hung parliament and another coalition government. Spreadbetters expected negative sentiment in equities to be retained in Europe, forecasting a slightly lower open for Britain's FTSE , Germany's DAX and France's CAC . As European deflation fears have ebbed, a seeming reversal of trades linked to the European Central Bank's big quantitative easing has resulted in a sell-off in core European bonds and equities this week, rattling investors across asset classes.


KL shares lower at mid-day

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in negative territory at mid-day today, on a lack of buying momentum. At lunch break, the key index declined 3.97 points to 1,817, after moving between 1,807.12 and 1,818.79 throughout the morning session. The weaker local market was also in tandem with its regional peers, following the sluggish overnight performance of Wall Street. Market breadth was negative with losers outpacing gainers 360 to 279, while 326 counters were unchanged, 828 untraded and 17 others suspended. Turnover stood at 831.55 million shares worth RM704.85 million. Of the heavyweights, Maybank rose five sen to RM9.26, Public Bank was flat at RM19.36, TNB shed six sen to RM14.14, Axiata slid five sen to RM6.70 and Sime Darby was three sen lower at RM9.09. Among actives, Frontken inched up half-a-sen to 27 sen, Hubline was flat at 2.5 sen, Kanger International declined 3.5 sen to 23.5 sen and Vsolar edged down half-a-sen to 20.5 sen. On the scoreboard, the FBM Emas Index depreciated 28.60 points to 12,525.99, the FBMT100 Index fell 29.77 points to 12,205.37, the FBM Emas Shariah slid 36.07 points to 13,013.69 and the FBM 70 contracted 45.1 points to 13,573.44. Sector-wise, the Finance Index rose 5.81 points at 16,102.55, the Plantation Index weakened 4.29 points to 7,534.83, and the Industrial Index declined 15.04 points at 3,324.82. ? Bernama

FBM KLCI lower at mid-morning

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in the red at mid-morning today on selling activities in most heavyweights. At 11.05 am, the key index eased 3.87 points to 1,817.1. Of the heavyweights, Public Bank jumped 12 sen to RM19.48, Maybank shed two sen to RM9.19, TNB fell four sen to RM14.16 and Axiata trimmed five sen to RM6.70. The weaker local market was also in tandem with its regional peers and following the lower overnight performance of Wall Street. Japan?s Nikkei 225 went down 1.02 per cent to 19,331.82, Hong Kong?s Hang Seng weakened 0.49 per cent to 27,505.32 and Singapore?s Straits Times declined 0.45 per cent to 3,444.19. On the scoreboard, the FBM Emas Index shed 25.27 points to 12,529.32, the FBMT100 Index decreased 25.27 points to 12,209.86 and the FBM Emas Shariah Index trimmed 32.59 points to 13,017.18. The FBM 70 shed 25.5 points to 13,593.05 and the FBM Ace was 25.11 points higher at 6,956.53. On a sectoral basis, the Plantation Index contracted 15.27 points to 7,523.85, the Industrial Index eased 17.21 points to 3,322.65, while the Finance Index added 3.93 points to 16,100.66. Market breadth was negative with losers outpacing gainers 305 to 253, while 283 counters were unchanged, 952 untraded and 17 others suspended. Turnover stood at 619.39 million shares worth RM427.66 million. Among actives, Frontken gained one sen to 27.5 sen, Vsolar edged up half-a-sen to 21.5 sen, Kanger International slid 2.5 sen to 24.5 sen and Hubline inched down half-a-sen to two sen. ? Bernama

China's CNR, CSR kick off merger process with trading halt

Chinese train makers China CNR Corp Ltd and CSR Corp Ltd halted trading of their shares on Thursday, the first step in a merger process expected to create the world's biggest rail conglomerate in terms of sales. The state-backed firms, which are already the world's biggest in terms of sales and which currently have a combined market capitalization of $113 billion, said in stock market filings the halt would last until the merger was completed, but did not specify a date. Late last year, they announced merger plans and said they would rename the combined company China Railway Rolling Stock Corp, which analysts said would compete on a global scale with the likes of Siemens AG and Alstom SA . Analysts also say the government-directed merger is one of the first chapters in Beijing's plan to overhaul China's underperforming state sector.

Asian shares down as Wall St. tumbles on poor data

Tokyo shares were down 1.02% on May 7, 2015, after a three-day holiday4Asian shares fell on Thursday after Wall Street dropped on weaker-than-expected US economic data and a warning from Federal Reserve Chair Janet Yellen that stock valuations were "quite high". "Sentiment could sour even more depending on the April payrolls report.


US stocks drop on jobs data, Yellen?s warning on values

NEW YORK: Wall Street stocks fell for a second straight session Wednesday following disappointing jobs data and a warning from Federal Reserve Chair Janet Yellen on high equity valuations. The Dow Jones Industrial Average dropped 86.22 points (0.48 percent) to 17,841.98. The broad-based S&P 500 fell 9.31 (0.45 percent) to 2,080.15, while the tech-rich Nasdaq Composite Index lost 19.68 (0.40 percent) at 4,919.64. Payrolls firm ADP estimated the US added just 169,000 private-sector jobs in April, the second month in a row under 200,000, as the petroleum sector downturn continued to pinch the labor market. Fed Chair Yellen, addressing a conference on lessons from the 2008 financial crisis, characterized US stock market valuations as ?quite high? and said they pose ?potential dangers? to financial stability. Chris Low, chief economist at FTN Financial, said Yellen?s remarks suggested she is ?pretty eager? to raise ultra-low interest rates despite some disappointing economic data. ?She seems to be hinting that they?re going to have to raise rates one way or the other as long as the economy is growing at all,? Low said. Alexion Pharmaceuticals announced it would buy Synageva BioPharma for $8.4 billion, creating a bigger player in treatments for rare diseases. Synageva surged 112.2 percent, while Alexion fell 8.0 percent. Dow member Microsoft fell 2.8 percent following a Bloomberg report that it is considering a takeover bid for Salesforce, which has a market capitalization near $50 billion. Salesforce rose 1.4 percent. Payment services company MoneyGram International surged 21.4 percent on reports it is in talks to be acquired by Western Union. Western Union, which rose 4.3 percent, said the reports of the impending deal ?are not accurate.? Apparel retailer The Children?s Place jumped 7.8 percent after boosting its first-quarter profit forecast from 60-65 cents per share to 81-83 cents per share. Herbalife, a marketer of nutrition supplements, bolted 16.5 percent higher after first-quarter net income edged up 4.8 percent to $78.2 million despite a $36.3 million charge related to the devaluation of the Venezuelan bolivar. Bond prices tumbled. The yield on the 10-year US Treasury rose to 2.24 percent from 2.18 percent Tuesday, while the 30-year advanced to 2.99 percent from 2.91 percent. Bond prices and yields move inversely. -- AFP
 
 
   DOW JONES
  
   NASDAQ
 
   S & P 500



 

  

 



 
 
 
   Latest News From CNN Money

Musk: Tesla battery orders are 'off the hook'
Al Jazeera America CEO replaced
Google commits $150 million to diversity
Keurig Green Mountain gets roasted. Stock drops 12%
Nepal quake: I'm helping jobless Sherpas find work
 
 
   Latest News From The Wall Street Journal
J&J Changes 'Compassionate' Drug Use
College Majors Figure Big in Earnings
 
  Home
  Business News
  Personal Finance
  World News
  U.S. News
  Technology

         

               
                 Copyright 2007-, Invest.