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Asia higher ahead of Fed move

Asia higher ahead of Fed move Other Asian markets also were broadly higher, with South Korea putting on almost 2 percent and gains of 1 percent or more in Australia and Taiwan. In Japan, Takeda Pharmaceutical Co. Ltd. bounced back as concerns faded over additional tax payments the company may face. Nippon Oil Corp. rose as its announcement to raise wholesale gasoline prices from July increased its chances of higher earnings. Other stocks with profit growth potential were also in favor ahead of the Federal Reserves eagerly-awaited decision on interest rates later in the day (Full story). More : edition.cnn.com

STOCKS NEWS ASIA-Markets drop as higher fuel hits sentiment

STOCKS NEWS ASIA-Markets drop as higher fuel hits sentiment Asian shares fell on Wednesday, with exporters such as Canon Inc. (7751.T: Quote, Profile, Research) down on concerns over slower consumer spending in the United States while the worlds top miner BHP (BHP.AX: Quote, Profile, Research) lost on a decline in base metal prices. Its more jitters about the high oil prices, its impact on consumer spending, inflation and business profits. That is the overriding concern in the market, said Craig James, chief equities economist with Commonwealth Securities. U.S. crude for July delivery stayed closed to $72 a barrel on Wednesday,

Asia Roundup: Markets ride on Wall Street gains

Asia Roundup: Markets ride on Wall Street gains HONG KONG: Asian stocks managed a solid rebound yesterday following Wall Streets lead as investors resigned themselves to a US rate hike later and hoped for some policy clarity from the US Federal Reserve (Fed), dealers said. They said the gains were encouraging as they suggested investors were calmer about the prospect of higher US interest rates but much would depend on what the Fed had to say on the outlook for monetary policy. TOKYO: Shares rallied 1.58 per cent as bargain hunters scooped up beaten down stocks, encouraged by overnight gains on Wall Street.

Asia Roundup: Markets rally after Fed hints at pause

Asia Roundup: Markets rally after Fed hints at pause HONG KONG: Asian stock markets shot higher yesterday on Wall Streets lead after the Federal Reserve (Fed) hinted at a pause in US interest rate rises, soothing fears over slowing global growth, dealers said. Dealers said that while the Fed left open the possibility of further rate increases it appeared to tone down the risk of inflation while indicating that the US economy also appears to be cooling. The markets were now taking the view there may be one more rate rise either in August or September to 5.5 per cent and then

Asia Roundup: Marts end week mostly higher

Asia Roundup: Marts end week mostly higher Asian stocks closed mostly higher yesterday but gains were capped by limited profit- taking ahead of the release of key US employment data due out later in the day. Tokyo closed flat, while mild gains were registered in Hong Kong, Seoul, Singapore, Manila, Wellington and Kuala Lumpur which was also buoyed by company tax cuts announced in the Governments latest budget. Mutual funds supported a solid finish in Mumbai while Bangkok and Jakarta were sharply higher on improved inflation numbers. Shanghai and Sydney were lower as profit-taking won out on the day. More : btimes.com.my