Asia News

Related Travel Information

Metals in demand as Asia returns to buy

Metals in demand as Asia returns to buy Leading base metals were bouyant on Monday as Asian traders returned after a week-long holiday for Chinese New Year, maintaining the investment-led commodity market boom and keeping prices near record highs. Shanghai copper and aluminium futures jumped by their daily limits to new record highs. "Over the Lunar New Year period the LME (copper) rose above $5,000, so from the Chinese point of view they had to close the gap and so Shanghai copper rose," said Wang Zheng, a metals analyst at Shanghai Dalu Futures. Last week an influx of fresh investment fund money at the

GLOBAL MARKETS-Metals boost mining stocks; Asia chip shrs gain

GLOBAL MARKETS-Metals boost mining stocks; Asia chip shrs gain Soaring commodities prices lifted mining stocks such as BHP Billiton (BHP.AX: Quote, Profile, Research), pushing Australia's main index to a record on Friday, and most other Asian share markets rose on gains in technology stocks. Gold matched a 25-year-high above $588 an ounce and platinum hit a record high as fund managers poured money into precious metals, while copper and zinc stayed close to new peaks reached on Thursday. "Fund operators are shifting back into metals ahead of the new quarter," said Koji Suzuki, market analyst at Livedoor Commodity Ltd. in Japan.

COMMODITIES-Base metals, gold extend losses in Asia

COMMODITIES-Base metals, gold extend losses in Asia Global base metal and gold markets extended their losses on Thursday as big investment funds continued to shy away from the once roaring bull markets as concern mounts about rising interest rates and metal supplies. Analysts said interest rates hikes in the United States and other countries could choke growth and any drop off in metal demand would cap chances of an early recovery in prices. "We have possibly seen the all-time high and it might take some time to get back to the same levels again," said David Thurtell, an analyst with the

Asia keeps gold above $550

Asia keeps gold above $550 Fund-buying coupled with physical buying in Asia has helped the spot price of gold rally and remain above $550 a troy ounce on Monday, traders said. At 3.05pm, gold was $3/oz firmer at $555.35 a troy ounce after hitting an intra-day best level of $556.63/oz earlier. If prices hold above the $550/oz level, gold could breach the next resistance level of $560/oz in the short term, London-based Barclays analyst Yingxi Yu wrote. With market conditions remaining nervous after the price volatility over the past few weeks and also a lack of main factors to drive the

Asia Roundup: Technical rebound for regions stocks

Asia Roundup: Technical rebound for regions stocks HONG KONG: Asian stocks closed mostly higher yesterday in a technical bounce following a sell-off last week prompted by an unexpected increase in Chinese interest rates. Dealers said the sell-down had been over-done and created buying opportunities with sentiment strong enough to offset the negative impact of overnight falls on Wall Street. Shanghai was closed for a holiday. TOKYO: Share prices closed 1.35 per cent higher as a weaker yen, which helps exporters, encouraged buying ahead of a three-day national holiday. The Nikkei-225 index advanced 228.06 points to 17,153.77. Volume was 1.44 million shares, up from 1.32