Asian markets

Asian shares fall as dollar gains, Australian dollar slides

Shanghai stocks lost almost two per cent this morning. Photo: Reuters

The dollar hit a one-month high against a basket of currencies on Wednesday while Asian shares fell, hit by worries that the days of easy money from the US Federal Reserve are numbered.

Wednesday, 3 July, 2013, 12:18pm

End of easy money won't lead to repeat of 1997 crash in Asia

Ben Bernanke. Photo: NYT

US Federal Reserve chairman Ben Bernanke has sparked significant nervousness in the markets with recent hints of an end to the third round of quantitative easing.

17 Jun 2013 - 4:23am

Julius Bär eyes Asian clients after Bank of America Merrill Lynch acquisition

Boris Collardi, the chief executive of Julius Bär, says the Swiss firm's technology hub in Asia would remain in Singapore. Photo: Bloomberg

Julius Bär expects to report a loss this year in the wake of the deal in August last year. Positive returns would start to kick in next year, as the integration of the businesses picks up steam, chief executive Boris Collardi said.

31 May 2013 - 4:41am

Big rally in Asian currencies signals 'sell'

South Korean won's 4.6 per cent rise outpaced all currencies in the period from September 2011 to January 2013. Photo: Bloomberg

The biggest rally in Asian currencies since September is a sell signal to two of the world's largest foreign-exchange trading firms, as the region's economic growth increasingly falls short of forecasts.

9 May 2013 - 4:39am

4G seen to widen Asian SMEs' reach

Google says there is not enough information online relating to the Asia-Pacific region, partly due to the dominance of English. Photo: Reuters

The launch of high-speed 4G services will help remove limits on internet use in Asia and give smaller businesses greater outreach to customers, according to industry experts.

18 Apr 2013 - 5:33am

Hong Kong stocks set for bullish start to the Year of the Snake

Overnight rallies in the US helped Asian markets climb. Photo: EPA

Hong Kong stocks could open the Year of the Snake on a bullish note as Asian markets rose after US corporate earnings sent the Dow Jones Industrial Average to a five-year high.

14 Feb 2013 - 4:53am

Asian markets mostly down ahead of China data

Asian markets were mostly down on Thursday with traders in Japan booking profits following the Nikkei’s highest close since September 2008 as investors awaited fresh economic leads from China.

Tokyo fell 0.78 per cent by the break and Seoul slipped 0.11 per cent. Hong Kong was down 0.04 per cent and Shanghai slipped 0.14 per cent.

7 Feb 2013 - 11:51am

Asian markets rebound, weaker yen boosts Tokyo

Asian markets are higher, led by Japan, which rose on the news that its central bank governor would step down early. Photo: AFP

Asian markets climbed on Wednesday following big losses in the previous session, with Tokyo surging as the yen tumbled after Bank of Japan governor Masaaki Shirakawa said he will step down early.

Traders also took a lead from Wall Street and Europe, where encouraging economic data offset concerns over political uncertainty in Spain and Italy.

6 Feb 2013 - 11:32am

Asian markets mixed, China factory data underwhelms

Separate purchasing managers index figures released for China on Friday have sent conflicting signals to the market. The official data pointed to a moderate slowdown, but a figure submitted by HSBC put the PMI at a more than two-year high. Photo: AFP

Asian markets were mixed on Friday, with Tokyo supported by further weakness in the yen, while Hong Kong and Shanghai dipped after official data showed Chinese manufacturing saw a moderate slowdown.

Tokyo were up 0.35 per cent by the break and Sydney climbed 0.65 per cent while Hong Kong shed 0.56 per cent, Shanghai slipped 0.34 per cent and Seoul eased 0.74 per cent.

1 Feb 2013 - 11:24am

Asian markets mixed, Tokyo surges on yen tumble

Asian markets were mixed on Friday, with Tokyo’s Nikkei surging on the back of a weaker yen, while Wall Street provided an uneven lead.

The yen resumed its downtrend after a brief rally as the country’s vice finance minister indicated the new hawkish government would step in to stop the currency from returning to record highs against the dollar.

25 Jan 2013 - 11:56am

Cruise industry sets sail for Asia's growth

Cruise operators are taking a bigger interest in the market potential in Asia but there are challenges to overcome. Photo: ImagineChina

HNA, the mainland airline, hotel and property group, will launch its passenger cruise business tomorrow when its first cruise ship starts its maiden revenue voyage from Sanya to Vietnam.

The move comes amid mounting interest by cruise lines in Asia and especially China, although senior industry executives said there was a raft of challenges to overcome.

25 Jan 2013 - 4:56am

British welcome of Asian business will hasten global economic recovery

This year's Asian Finance Forum will, I'm sure, continue to be a source of new ideas and inspiration. Twelve months ago, I addressed the forum with a simple message: that Britain is the natural home of Asian investment in the West. I said that the remarkable pace of growth in Asia was a huge opportunity for British businesses, if we could get out there and seize them.

14 Jan 2013 - 3:31am

Bridge over the Pacific

US President Barack Obama tours the Shwedagon Pagoda in Yangon, with an eye on potential trade in the economic frontier. Photos: AP

More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a US president again sees an historic opportunity to strengthen America's role in the region.

8 May 2015 - 9:46am

China's yuan outs yen as Asia's currency of choice

Yuan dethrones yen on  rise of China. Photo: Bloomberg

Asian central banks are tolerating gains in their currencies against the yen as China's economic recovery diminishes concern that stronger exchange rates may dampen their export advantages.

29 Dec 2012 - 4:58am

Bubble trouble for fixed-income assets?

US Federal Reserve must keep interest rates low for a while longer. Photo: AFP

Fixed income was the hot asset of 2012, producing equity-like returns for debt-like risks. Within it, Asian bonds issued in US dollars produced stellar returns for investors. While Asian US dollar bonds produced a total return of 14 per cent, the high-yield sector within it outperformed it with eye-popping gains of 19 per cent.

31 Dec 2012 - 4:58am