Equities

HKTV shares surge

Stock up 12% on court ruling

HONG KONG -- Hong Kong Television Network, led by Ricky Wong Wai-kay, a local entrepreneur known for breaking up the status quo, saw its share price surge 38 Hong Kong cents, or 12.2% to HK$3.49 at the close of Monday morning trade. Hong Kong's H...

  • The Alibaba effect

    Private equity's awesome year in China

    SHANGHAI -- Private equity funds' exit value from the greater China region last year was the second-highest ever. Thanks goes to China's securities regulator, who resumed approving new listings, and to a stock market rally that made it easier for pri...

  • Thailand's stock market

    Tailwind from end of martial law already dying

    BANGKOK -- A run-up in Thai shares that began after martial law was lifted April 1 flagged this week, with investors apparently doubting junta leader Gen. Prayuth Chan-ocha's assurances that the economy is recovering. The benchmark SET index lost...

  • Taiwan stocks

    Touted Shanghai link, strong US, Japanese shares propel market

    HONG KONG -- A possible stock trading link between Taiwan and Shanghai coupled with strong U.S. and Japanese markets have led Taiwan's shares to their highest levels in 15 years. On Friday, the benchmark Taiex index hit 9,900 for the first time s...

  • Japan equities

    Is the era of the stock-driven economy really coming?

    TOKYO -- It was Jan. 30, 1987 when the Nikkei Stock Average first breached 20,000 to end the day at 20,048.35. More than 28 years later, market players are talking about an old dream: that stock trading will become the heart of financial activity and...

  • US stocks

    Nasdaq sets closing record

    NEW YORK (Reuters) -- The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its record close of 5,056.06 capp...

  • Indian stocks

    Recovering crude prices put damper on market

    SINGAPORE -- Stock prices in India are losing steam as concerns deepen over corporate performance and crude oil prices begin to bottom out. Net imports of crude oil, gasoline and other petroleum products account for about 5% of India's gross dome...

  • Min Lan Tan and Toru Ibayashi

    Japan's 'shareholder revolution' expected to promote buybacks

    Japanese companies are among the world's greatest hoarders. The average listed company holds cash equivalent to about 19% of its market value -- more than twice the 9% level of rivals in the U.S. S&P 500 index. This wastefully large cash cushion ...

  • Back to 20,000

    Fresh faces, reform fueling Nikkei's revival

    TOKYO -- The Nikkei Stock Average on Wednesday closed above 20,000 for the first time since the information technology bubble 15 years ago, signifying an escape from years of stagnation with help from the emergence of new market leaders. The benc...

  • Analyst view

    Governance reforms underpinning Japanese stocks

    SINGAPORE -- Expectations of earnings growth and corporate governance reforms are supporting the stock rally in Japan, said John Doyle, chief investment officer at UOB Asset Management His comments are as follows: UOB Asset Management (UOBAM...

  • Taiwan equities

    Optical lens maker Largan Precision soaring

    HONG KONG -- Largan Precision is continuing its steady rally in Taiwan's stock market, reaching 3,000 New Taiwan dollars ($95.73) for the first time Tuesday, as investors anticipate brisk demand for smartphone parts. The Taiwanese company is the ...

  • Singapore stocks

    Dashed easing hopes weighing down market

    SINGAPORE -- Stock prices in Singapore have been edging down since marking an over seven-year high on April 15, after monetary authorities thwarted investors' hopes for additional easing. The benchmark Straits Times Index ended down roughly 0.4% ...

  • Shanghai stocks

    Following state news, retail investors push index to high

    HONG KONG -- The Shanghai Stock Exchange Composite Index rose 1.8% Tuesday, reaching a roughly seven-year high on hopes for government stimulus measures. Individual investors, who are responsible for some 80% of trading, are taking their cues fro...

  • Thai equities

    Cloudy outlook weighing on local stocks

    TOKYO -- Thai stocks have been top-heavy since summer 2014, with the Stock Exchange of Thailand's composite index sitting around 1,500 to 1,600. On April 1, Thailand's military-led government put an end to 10 months of martial law. Stocks respond...

  • China Resources Enterprise

    Shares in state-owned conglomerate surge 63%

    HONG KONG -- Shares in Chinese state-owned conglomerate China Resources Enterprise spiked in Hong Kong Tuesday after announcing it is selling off its non-beer businesses to focus on its Snow Beer brand, the bestselling beer in China. China Resour...

  • Chinese stocks

    Shanghai trading buffeted by eased short-selling rules, monetary stance

    SHANGHAI -- Stock prices here have become increasingly volatile, fueling worries about a growing risk of a sharp drop. The benchmark Shanghai Composite Index ended Monday down 1.64% at 4,217. But the value of trading hit a record-high 1.14 trilli...

  • Singaporean stock slumps

    Japfa shares sink on Indonesian unit's loss

    SINGAPORE -- Japfa, Singapore's agri-food company, saw its share price continue sliding Monday to close down 5% at 47.5 Singapore cents (35 cents). At one point the stock fell 8%, breaking its all-time low set March 25. In a pre-trading annou...

  • South Korean stocks

    Investors bullish despite weak economic fundamentals

    SEOUL -- South Korean shares are rising even as the country's economic fundamentals remain sluggish, causing alarm to some over a possible overheating. The Korea Composite Stock Price Index, or Kospi, edged up 0.1% on Monday to 2,146, climbing fo...

  • Earnings season

    Investors await fiscal 2014 results

    TOKYO - Japan Inc. is preparing to announce record profits for fiscal 2014 when earnings season gets into full swing next week. The yen's depreciation, as well as brisk personal spending and rising capital investment in the U.S., have helped many of ...

  • Nikkei earnings preview

    Suzuki profit likely down 5% in fiscal 2014

    TOKYO -- Japan's Suzuki Motor's group operating profit likely declined 5% from a year earlier to slightly less than 180 billion yen ($1.5 billion) in fiscal 2014, which ended March 31. The figure is roughly 10 billion yen less than the company an...