Equities

Wall Street ends lower after Fed keeps rates unchanged

NEW YORK (Reuters) -- Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.The Fed had not been expected to move interest rates at its two-day mee...

  • LG Display hits 2016 high despite quarterly loss

    HONG KONG -- Shares of LCD panel giant LG Display reached a year-to-date high Wednesday in South Korea on expectations that a comeback later this year will make up for red ink last quarter.The South Korean company added 4.1% to end at 30,450 won, gai...

  • Hong Kong exchange's closing auction met with caution

    HONG KONG -- Investors remain guarded about the Hong Kong Stock Exchange's closing auction reintroduced Monday, despite changes designed to prevent the wild price swings that led to the mechanism's shutdown over seven years ago.Under the updated syst...

  • SGX says costs will rise as overseas staffing grows

    SINGAPORE -- Singapore Exchange, or SGX, expects operating expenses to increase moderately in the current financial year as the company expands its overseas staff amid a wave of delistings, weak initial public offerings and lighter trading at home.Th...

  • Better-than-expected Apple earnings boost suppliers' shares

    TAIPEI -- Shares of major Apple suppliers closed higher on Wednesday, after the U.S. tech company's earnings for the quarter through June slightly exceeded expectations. The gains could be short-lived, however, as the second-half outlook remains gloo...

  • Indian shares eke out small gains ahead of derivatives expiry, Fed outcome

    MUMBAI (NewsRise) -- Indian shares ended a volatile session slightly higher on Wednesday, giving up most early gains, as caution ahead of the monthly derivatives expiry and the Federal Reserve's meeting outcome dominated sentiment.The benchmark BSE S...

  • China stocks slide as Shenzhen bourse vows crackdown

    HONG KONG -- China's stock market stumbled Wednesday as news of a regulatory crackdown in the freewheeling Shenzhen market jolted speculators, threatening to rob them of fodder for trades based on realignment rumors.Getting seriousThe Shanghai Compos...

  • Malaysian shares edge higher despite British American Tobacco's plunge

    KUALA LUMPUR (NewsRise) -- Malaysian shares ended slightly higher on Wednesday, as gains in heavyweights tempered the impact of British American Tobacco Malaysia's biggest single session decline in at least 10 years after it reported disappointing ea...

  • Itochu shares tumble on book-cooking allegation

    TOKYO -- Itochu shares briefly dropped 10% from the previous day's close to 1,135.50 yen in morning trade on the Tokyo Stock Exchange Wednesday, after a report alleged the trading company had falsified its financial accounts.In a report dated Wednesd...

  • Wall Street mixed, Apple impresses and Twitter disappoints

    NEW YORK (Reuters) -- U.S. stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.Choppy stock trading followed a recent rally to co...

  • Nintendo's top shareholder dumps 1m shares

    TOKYO -- Capital Research and Management, the U.S. investment adviser that is in effect Nintendo's largest shareholder, sold off a large chunk of its holdings last week, apparently taking profit while the stock was riding high on Pokemania.Capital Re...

  • Selling pressure builds on Japan's banking, insurance stocks

    TOKYO -- Investors are unloading banking and insurance shares in Tokyo amid mounting expectations that the Bank of Japan will carry out another round of monetary easing."Even though investors showed interest in Japanese banking stocks, few were actua...

  • India stocks slide on earnings disappointment, profit booking

    MUMBAI (NewsRise) -- Indian shares slipped on Tuesday, dragged down by losses in Dr. Reddy's Laboratories and Maruti Suzuki India after they reported quarterly results.Profit booking in select index stocks ahead of major central bank meetings this we...

  • Malaysian shares slip on oil weakness, Fed, BOJ caution

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell on Tuesday, as a decline in crude prices to near three-month lows and caution ahead of major central bank meetings this week dented sentiment.The nation's benchmark FTSE Bursa Malaysia declined 0.4% to...

  • Wall St declines as earnings take center stage

    NEW YORK (Reuters) -- U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports.Shares fell almost across the board, with energy stocks leading declines across 10 S&P 500 s...

  • Indian shares at near 1-year highs, trump Asia on GST hopes

    MUMBAI (NewsRise) -- Indian shares rose Monday, handily outperforming other regional markets, as optimism surrounding the passage of the long-awaited Goods and Services Tax bill lifted indexes to near one-year highs.The benchmark BSE Sensex advanced ...

  • Malaysian shares recoup last week's losses on value buying

    KUALA LUMPUR (NewsRise) -- Malaysian shares rose Monday as bargain buying in beaten down stocks helped the benchmark index erase almost all of last week's losses.The nation's benchmark FTSE Bursa Malaysia advanced 0.65% to 1,668.26 points. The index ...

  • Alibaba Pictures shares briefly dip 4% on weak forecast

    HONG KONG -- Shares of Alibaba Pictures Group, a unit of Chinese e-commerce leader Alibaba Group Holding, fell for the third straight day Monday, as investors reacted to a poor earnings forecast.Alibaba Pictures briefly fell 0.07 Hong Kong dollars, o...

  • Higher revenues group-wide boost profits for Raffles Medical

    SINGAPORE -- Raffles Medical Group posted a 4.5% increase in net profit to 16.6 million Singapore dollars ($12.2 million) for its second quarter ended June 30, due to higher revenue from all sectors of its business.Singapore's largest health care pro...

  • Amax International shares dive after shutdown of Macau hotel

    HONG KONG -- Amax International Holdings' stock was down sharply on Monday, after a Macau hotel with which the company has close ties was told to suspend operations.Amax opened Monday trading at 0.390 Hong Kong dollars, down 12.3%, or HK$0.055, from ...