Equities

US market excited, anxious about massive Alibaba IPO

NEW YORK -- China's e-commerce giant Alibaba Group Holding is getting closer to public flotation. The entry of a new giant on the market is stirring much excitement, but also some concerns. The company unveiled on Sept. 5 a provisional price rang...

  • Smartphone-related shares drop in Taiwan after Apple announcement

    HONG KONG -- Apple's announcement Tuesday of the iPhone 6 and iPhone 6 Plus has sparked a variety of reactions throughout Asia, such as profit-taking in related Taiwanese stocks. Taiwanese manufacturers will continue to play key roles in the newe...

  • Higher-volatility stocks gaining popularity in Tokyo

    TOKYO -- The Nikkei Stock Average reached an eight-month high on Thursday as the weak yen draws investment from abroad, especially to higher-risk stocks more susceptible to market movements. So-called high-beta stocks had stalled in Tokyo since t...

  • Martial law still weighing on Thai tourism as stocks rebound

    BANGKOK -- Thailand's improved stability has encouraged investors and fed a stock market rally, but the continued imposition of martial law has dealt a heavy blow to the important tourism sector. The Stock Exchange of Thailand's composite index e...

  • Some Hong Kong stocks could gyrate as Alibaba listing approaches

    HONG KONG -- Nikkei Quick News decided to ask three Hong Kong analysts for their views on the estimated pricing that Alibaba Group Holding has set for its initial public offering. The estimate is from $60 to $66. Bob Tsui, senior analyst at One C...

  • Shanghai stocks at year-to-date highs despite economic slowdown

    HONG KONG -- Shanghai stocks continue at year-to-date highs. There are plenty of buying incentives for Shanghai stocks, despite sluggish macroeconomic indicators stemming from the property market slump. The HSBC Flash China Manufacturing Purchasi...

  • Big Japan IPOs to boost retail investor appetites

    TOKYO -- A new wave of initial public offerings will soon take place in Japan, following the pause in August. Upcoming IPOs include some high-profile local names, drawing much great attention from market insiders and retail investors. The Septemb...

  • Alibaba IPO terms imply valuation of $160B

    Chinese e-commerce giant Alibaba Group Holding Ltd. set the estimated price range of its initial public offering at $60 to $66 a share, valuing the company at about $160 billion at the midpoint of the range. In a regulatory filing Friday, the com...

  • Activist shareholders demand clear strategies

    TOKYO -- Japan's major life insurers are expected to become more vocal at shareholder meetings after the introduction of a stewardship code here. The Japan code was unveiled in February and adopted by 127 institutional investors as of May 31. The...

  • Japan Exchange's regulatory arm to set capital increase rules

    TOKYO -- Japan Exchange Group's self-regulatory unit will for the first time set principles for publicly traded companies and brokerages to follow for capital increases, aiming to prevent unfair practices. Japan Exchange Regulation, also known as...

  • Min Lan Tan: Japan could set the standard for shareholder rights in Asia

    The capital markets are a two-way street of opportunity -- for companies trying to raise funds and investors seeking higher returns on their cash. The two sides' interests, however, do not always coincide. Investors often feel ignored when they belie...

  • Thriving smartphone industry lifting Taiwan stocks

    TAIPEI -- The Taiwan Stock Exchange has been booming, reaching its highest level in six years and eight months in mid-July, lifted up by smartphone-related shares. The benchmark weighted stock index edged up 0.54% Wednesday to 9,450.35. Globa...

  • Philippine Stock Exchange goes on a roll

    MANILA -- Philippine companies are returning to the stock market to raise capital for expansion as share prices climb to near record levels. In just three weeks, three initial public offering (IPO) applications were filed with the Securities and ...

  • Indonesian shares get muted bump from rosy economic reports

    JAKARTA -- Indonesia's stock market rebounded only slightly on Monday despite positive reports on the country's economy, with investors reluctant to make big moves until incoming president Joko Widodo's economic policies are revealed. The Jakarta...

  • Silent investors start putting brakes on Japan Inc.'s solo navigation

    TOKYO -- Going against their stereotypical image of being "silent investors," many Japanese institutional investors voted against various proposals submitted at shareholders meetings in June, according to a survey by ICJ, the operator of the electron...

  • Japan's pension giant boosts stock portfolio

    TOKYO -- Japan's Government Pension Investment Fund increased the proportion of domestic stocks in its portfolio by 0.9 percentage point in the April-June quarter to 16.8%, as it quickens its shift toward riskier assets. The public pension fund e...

  • Indian, Sri Lankan stocks rising on hopes for economic reform

    TOKYO -- Indian and Sri Lankan stocks are riding high, buoyed by expectations that stable governments in both countries will spur economic growth. Sri Lanka's Colombo Stock Exchange All-Share Index has risen nearly 20% this year, and was hovering...

  • Japan not on board with China's 'through-train' stock plan

    HONG KONG -- Many Japanese brokerages will likely pass on the initial opportunity to participate in China's "through-train program," which will allow mutual stock market access between mainland China and Hong Kong from Oct. 13 at the earliest. Th...

  • Investors counting on another dose of Abenomics for fall rally

    TOKYO -- As the Japanese stock market remains top-heavy amid worries over the impact of April's sales tax hike, hopes are growing that another round of policy stimulus will revitalize the market in September. The Nikkei Stock Average has been hov...

  • Reform hopes underpin oil, utility stocks in Shanghai market

    HONG KONG -- As profit-taking kept the Shanghai Composite Index under downward pressure again Tuesday, stocks of utility and petroleum companies fared relatively well, bolstered by hopes for reform at such state-owned enterprises. Shares of China...