Equities

Boxes of BaWang shampoo sold at a supermarket in Shanghai. © AP

Shampoo maker BaWang rallies on win in defamation case

HONG KONG -- BaWang International surged here Tuesday after winning damages in a libel case against a local magazine claiming its shampoo could cause cancer.Shares in the Chinese herbal shampoo maker gained more than 25% at one point before closing u...

  • Chinese tourism boosts Macau casino stocks

    HONG KONG -- Operators of casinos and resorts in Macau are rising on the stock market here as growing mainland Chinese tourism in the region stirs hopes that dipping revenues could be approaching bottom.Galaxy Entertainment Group gained 5% Tuesday to...

  • South Korea stock trading hours extension to take effect Aug 1

    SEOUL (Reuters) -- South Korea's current six-hour stock trading window will be extended by 30 minutes effective from August 1 this year, as the Korea Exchange set its sights on attracting more business through greater visibility to markets like China...

  • Indian market wrap

    Shares end higher on value buying, Fed remains focus

    MUMBAI (NewsRise) -- Indian shares ended a lacklustre session marginally higher Tuesday, helped by value buying in select blue chips, even as regional sentiment remained mired by prospects of a Federal Reserve rate increase as early as June.The bench...

  • Malaysian market wrap

    Shares, ringgit slide as Fed rate hike concerns hit Asia

    KUALA LUMPUR (NewsRise) -- Malaysian shares slipped and the ringgit fell to two-month lows Tuesday, as regional assets came under renewed pressure after fresh comments from Federal Reserve officials reiterated the possibility of a June rate increase....

  • Wall Street dips; Apple gain fails to offset rate worries

    NEW YORK (Reuters) -- Wall Street ended lower on Monday as a bounce in Apple failed to offset concerns that the U.S. Federal Reserve could raise interest rates sooner than later.The timing of future Fed rate hikes in the face of a sluggish economy is...

  • Clouds over tourist spending darken department store stocks

    TOKYO -- Investors are edging away from Japan's department stores amid fears of slowing consumption by foreign tourists and the wealthy.Shares of Takashimaya fell 2% to a year-to-date low of 749 yen at one point Monday before closing down 1.57% at 75...

  • Tsai policy lifts Taiwan stocks tied to Southeast Asia

    HONG KONG -- Taiwan investors flocked Monday to companies operating in Southeast Asia after President Tsai Ing-wen advocated closer relations with the region to wean the island off its dependence on cross-strait business.In her inauguration speech Fr...

  • Foreigners return to Taiwan stocks after inauguration

    HONG KONG -- Foreign investors snapped up a net 8.48 billion New Taiwan dollars ($260 million) in Taiwanese shares Monday, turning net buyers for the first time since April 27 after the island's new president was sworn in.The Taiwan Stock Exchange pu...

  • BOC Hong Kong rises for third day on divestment speculation

    HONG KONG -- BOC Hong Kong (Holdings) gained for the third straight session here Monday following media reports the bank will sell its entire stake in a local affiliate.The shares ended up 2% at 22.90 Hong Kong dollars after reaching as high as HK$23...

  • China Mobile gains despite slowing carrier market

    HONG KONG -- China Mobile stock climbed here Monday as buyers made defensive investments amid turbulence, though slower user growth for mobile carriers could weigh on earnings going forward.China's largest 4G wireless carrier rose as much as 1.01% to...

  • Indian market wrap: Shares fall on earnings caution, ITC outperforms

    MUMBAI (NewsRise) - Indian shares fell for a fourth consecutive session Monday, as drugmakers and capital goods stocks slipped ahead of their results, erasing an early advance triggered by an earnings-driven rally in cigarette maker ITC.The benchmark...

  • Malaysian market wrap: Shares rise even as investors continue to fret over Fed

    KUALA LUMPUR (NewsRise) -- Malaysian shares rose Monday as most regional indexes recovered from last week's slump tracking Friday's gains on Wall Street, even as concerns of an imminent Federal Reserve rate increase continued to dominate sentiment. ...

  • Japan's institutional investor sentiment hits 5-year low

    TOKYO -- Japanese institutional investors have lowered the weighting of domestic shares in their portfolios to a five-year low due to concerns over the impact of a stronger yen on corporate earnings.A QUICK index of investor sentiment based on weight...

  • Wall Street ends volatile week on high note as tech leads

    NEW YORK (Reuters) -- Wall Street rallied on Friday, led by tech stocks on the back of Applied Materials' strong profit forecast, ending a volatile week on a positive note.The S&P 500 eked out gains for the week after three straight weeks of losses, ...

  • Myanmar investors flock to Yangon bourse's second listing

    SINGAPORE -- Myanmar Thilawa SEZ Holdings, or MTSH, made a raucous debut Friday as the second company on Myanmar's Yangon Stock Exchange, riding a flood of interest from the country's burgeoning equities market.The developer of the Thilawa Special Ec...

  • BlackRock sees opportunities in Chinese 'old-economy' stocks

    HONG KONG -- Shares in Chinese steel and energy companies have been snubbed by investors over the past few years as the country tries to shift its economy away from an investment-led growth model. But BlackRock, the world's largest fund house with $4...

  • Southeast Asian private equity deals lowest since 2004

    SINGAPORE -- The value of private equity deals in Southeast Asia in 2015 fell to the lowest level since 2004, as investors put off investments due to political and economic uncertainty in the region.Bain & Co. said in a report Friday that the total v...

  • Indian market wrap:

    Shares slip for week as Fed hike looms large

    MUMBAI (NewsRise) -- Indian shares ended the week lower, as mounting prospects of June rate increase by the U.S. Federal Reserve weighed on risk appetite.The benchmark BSE Sensex fell 0.4% to 25,301.90 points Friday, dragged down by weakness in drugm...

  • Malaysian market wrap

    Shares end week almost flat as crude recovery offsets regional weakness

    KUALA LUMPUR (NewsRise) - Malaysian shares ended little changed for the week, as bargain buying and strengthening crude prices helped temper weakness stemming from expectations of an early Federal Reserve rate increase.Malaysia's retail prices rose 2...