Equities

Japan debutants open average 67% over IPO price in April-Sept

TOKYO -- The six months from April to September saw 26 companies go public in Japan, 10 more than last year, not including listings on the Tokyo Pro Market. Among all companies floating shares in the first half, 16 opened above their initial publ...

  • Sumitomo sinks on huge resource investment losses

    TOKYO -- Shares of Sumitomo Corp. plunged Tuesday after the Japanese trading house said the day before that it would book 270 billion yen ($2.44 billion) in impairment losses on shale oil, iron ore and other operations. The stock tumbled 13% at o...

  • Glimmer of hope for Hong Kong market amid protests

    HONG KONG -- Pro-democracy protests continue to rattle the Hong Kong stock market, but some shares have stopped falling in a positive sign right before the stock exchange is set to close for a two-day holiday. The Hang Seng Index declined for the...

  • Taisei sees Tokyo Olympics as springboard to 100 billion yen profit

    TOKYO -- Japan's construction companies are poised to snag plenty of business in the runup to the 2020 Summer Olympics in Tokyo. Taisei is no exception. Though the contractor anticipates a decline in operating profit in fiscal 2014, through next ...

  • Will Alibaba change its 'customers first, employees second, shareholders third' motto?

    SHANGHAI -- Chinese e-commerce giant Alibaba Group Holding's initial public offering last week on the New York Stock Exchange raised an unprecedented about $25 billion. This huge response reflects high expectations from investors, but the company wil...

  • Indonesian shares fall on bill axing direct local elections

    JAKARTA -- Indonesian shares tumbled on Friday after legislators voted to scrap direct elections for regional leaders, seen as a setback for incoming President Joko Widodo. The benchmark Jakarta Composite Index briefly fell 1.8% to a low of 5,105...

  • Growing ROE focus may have implications for Japanese economy

    TOKYO -- Return on equity has become one of the most widely acknowledged gauges of company performance among Japanese investors and policymakers. The government's strategy for economic growth also focuses on ROE, while a newly developed stock pri...

  • Bank of Japan emerging as big Japanese stock buyer

    TOKYO -- The Bank of Japan is growing into its role as a key source of support for the country's stock market, as it has stepped up purchases of exchange-traded funds to bring its equities portfolio to an estimated 7 trillion yen ($63.6 billion) or s...

  • Thai stocks at whim of interim government's next steps

    SINGAPORE -- Thai stocks have been stalling, with the benchmark Stock Exchange of Thailand index stalling near a 15-month high. Four months have passed since the May 22 coup, and investors have begun to expect market results from the interim military...

  • Yuan IPOs face headwind in Hong Kong

    BEIJING -- It has been more than three years since the Hong Kong Stock Exchange opened its doors to yuan-denominated stocks. But while exchange-traded funds in the Chinese currency are thriving, few companies in the city have embraced the idea of iss...

  • Myanmar aims to pep up private sector with stock exchange

    YANGON -- For Myanmar, the planned opening of a stock exchange in the autumn of 2015 is a milestone in driving economic growth, led by the country's burgeoning private sector. Daiwa Securities Group, a big Japanese stockbroker, is helping set up t...

  • Scottish stocks up after voters turn down independence

    LONDON -- Scotland-based companies rose Friday on the London Stock Exchange, with Royal Bank of Scotland temporarily gaining 4.6%, after the region voted to remain in the U.K. The pound also strengthened in Tokyo, touching $1.65 at one point. The...

  • Alibaba makes huge debut on NYSE

    NEW YORK -- Chinese e-commerce giant Alibaba Group Holding had its much-anticipated initial public offering on the New York Stock Exchange on Friday, drawing heavy buying from investors. Trading began at $92.70, more than 30% above the IPO price ...

  • The biggest risk for Modi may be retaliation

    HONG KONG -- Narendra Modi has passed the 100-day mark in office, and the Indian stock market continues to ride high on strong expectations that the new prime minister will push through tough reforms. Christopher Wood, managing director and equity st...

  • Singapore real estate stocks go two ways as housing market slows

    SINGAPORE -- With the housing market languishing in Singapore, stock prices of major real estate companies went two ways Thursday depending on where they own properties. City Developments, most of whose property assets are in Singapore, saw its s...

  • Chinese firms rushing to list in US, eyeing fairer valuation

    HONG KONG -- Chinese e-commerce giant Alibaba Group Holding is set to list its shares on the New York Stock Exchange later this week. Having given up its listing in Hong Kong, Alibaba will finally go public in the U.S. In fact, many Chinese Inter...

  • Asian shares: Nikkei rises, australian stocks fall on Fed guidance

    TOKYO (Dow Jones) -- Stocks rose in Tokyo Thursday but fell in Hong Kong and Australia after the U.S. Federal Reserve signaled a move to higher interest rates is ahead, sending the yen to its lowest level in six years against the dollar. The Nikk...

  • Pen makers, not carmakers, drawing Tokyo investors as euro softens

    TOKYO -- Even as the yen weakens against the dollar, its relative strength to the euro is creating a headwind for Japanese exporters reliant on the European market, prompting investors to be selective in buying stocks. The Japanese currency softe...

  • Big bank stocks in Tokyo weighed down by reports of tighter regulations

    TOKYO -- Leading bank stocks on the Tokyo market fell Tuesday amid news that required capital will be raised further, igniting concern that their earnings could decline. Japan and the rest of 20 major economies are reportedly moving to require bi...

  • Is China ready to tame its bear market?

    SHANGHAI -- Shares in Shanghai are surging as a bullish mood permeates the market. The Shanghai Stock Exchange Composite Index climbed to its highest point in about a year and a half Friday. The rally was fueled by hopes that the October start of...