(Bloomberg) -- Asian stocks dropped for the first time in five days after U.S. retail sales unexpectedly declined and a stronger yen dimmed the earnings outlook for Japan’s electronics and auto companies.
Li & Fung Ltd., the biggest supplier of toys and clothing to Wal-Mart Stores Inc., tumbled 9.8 percent in Hong Kong. Canon Inc., which generates more than half of its sales from U.S. and Europe, declined 3.2 percent in Tokyo as the yen rose to a two- week high against the dollar. Nomura Holdings Inc., Japan’s largest brokerage, slumped 7.3 percent, leading declines by finance shares, the region’s best performers in the past month.
“This is a reality check,” said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd. in Tokyo, which manages $28 billion. “The collapse the global economy was experiencing has come to an end, but investors moved too quickly in predicting a recovery.”
Read more at Bloomberg
Showing posts with label Asian stocks. Show all posts
Showing posts with label Asian stocks. Show all posts
Tuesday, April 14, 2009
Tuesday, July 31, 2007
Asian Shares Advance, Posting Longest Monthly Winning Streak in 20 Years
(Bloomberg) -- Asian stocks rose as higher earnings
from Olympus Corp. and Hang Seng Bank Ltd. helped the region's
benchmark post its longest monthly winning streak in 20 years.
BHP Billiton Ltd. led gains by mining companies on
speculation profits will climb along with metals prices.
Disappointing earnings from Kyocera Corp. and Kookmin Bank
limited today's advance.
Read more at Bloomberg Stocks News
from Olympus Corp. and Hang Seng Bank Ltd. helped the region's
benchmark post its longest monthly winning streak in 20 years.
BHP Billiton Ltd. led gains by mining companies on
speculation profits will climb along with metals prices.
Disappointing earnings from Kyocera Corp. and Kookmin Bank
limited today's advance.
Read more at Bloomberg Stocks News
Sunday, July 29, 2007
Asian Stocks Rebound From 1-Month Low; JFE, Nippon Steel Rise, Canon Falls
(Bloomberg) -- Asian stocks rebounded from a one-
month low after higher profits at JFE Holdings Inc. and Nippon
Steel Corp. offset concerns of a drop in U.S. housing investment.
Canon Inc., the world's largest digital-camera maker, and
Macquarie Bank Ltd., Australia's biggest investment bank, led
declines on speculation the housing slump will slow U.S. consumer
spending and end a global boom in takeovers.
Read more at Bloomberg Stocks News
month low after higher profits at JFE Holdings Inc. and Nippon
Steel Corp. offset concerns of a drop in U.S. housing investment.
Canon Inc., the world's largest digital-camera maker, and
Macquarie Bank Ltd., Australia's biggest investment bank, led
declines on speculation the housing slump will slow U.S. consumer
spending and end a global boom in takeovers.
Read more at Bloomberg Stocks News
Saturday, July 28, 2007
Asian Stocks Have Worst Week in a Year on Housing Concern; Samsung Drops
(Bloomberg) -- Asian stocks had the biggest weekly
drop in a year as U.S. reports heightened concern that a housing
slump is spreading in the world's biggest economy. BHP Billiton
and Samsung Electronics Co. led the slide.
``You've got an economic impact from lower housing prices
and housing demand,'' said Simon Doyle, a strategist at Schroder
Investment Management Australia Ltd. in Sydney, which manages
the equivalent of $11.4 billion. ``If the U.S. is under question,
there might be a broader contagion.''
Read more at Bloomberg Stocks News
drop in a year as U.S. reports heightened concern that a housing
slump is spreading in the world's biggest economy. BHP Billiton
and Samsung Electronics Co. led the slide.
``You've got an economic impact from lower housing prices
and housing demand,'' said Simon Doyle, a strategist at Schroder
Investment Management Australia Ltd. in Sydney, which manages
the equivalent of $11.4 billion. ``If the U.S. is under question,
there might be a broader contagion.''
Read more at Bloomberg Stocks News
Sunday, July 22, 2007
Asian Stocks Fall From a Record; Honda, Exporters Decline on U.S. Concern
(Bloomberg) -- Asian stocks fell, with a key
regional index dropping from a record. Honda Motor Co. paced a
decline among exporters as disappointing earnings from
Caterpillar Inc. dented confidence in the U.S. economy.
``Caterpillar's result suggested some earnings estimates
were too optimistic,'' said Norihiro Fujito, strategist at
Mitsubishi UFJ Securities Co. in Tokyo.
Read more at Bloomberg Stocks News
regional index dropping from a record. Honda Motor Co. paced a
decline among exporters as disappointing earnings from
Caterpillar Inc. dented confidence in the U.S. economy.
``Caterpillar's result suggested some earnings estimates
were too optimistic,'' said Norihiro Fujito, strategist at
Mitsubishi UFJ Securities Co. in Tokyo.
Read more at Bloomberg Stocks News
Thursday, July 5, 2007
Asian Stocks Fall in U.S. Trading; Matsushita Electric, Kyocera Decline
(Bloomberg) -- Asian stocks trading in the U.S. fell as
reports on U.S. employment and services industries dimmed
speculation the Federal Reserve may lower interest rates this year.
Matsushita Electric Industrial Co. led the retreat.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, dropped for the first time
in six sessions, losing 0.2 percent to 170.98.
Read more at Bloomberg Stocks News
reports on U.S. employment and services industries dimmed
speculation the Federal Reserve may lower interest rates this year.
Matsushita Electric Industrial Co. led the retreat.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, dropped for the first time
in six sessions, losing 0.2 percent to 170.98.
Read more at Bloomberg Stocks News
Monday, July 2, 2007
Asian Stocks Climb, Paced by Caltex on Oil; Mitsubishi Estate Retreats
(Bloomberg) -- Asian stocks advanced for a third day,
led by energy-related shares, after declining U.S. fuel stockpiles
and attempted car bombings in the U.K. lifted the price of crude.
Caltex Australia Ltd., the nation's biggest oil refiner, rose
the most in two weeks. Mitsui & Co., a Japanese trading company
that generated about a sixth of last year's revenue from energy,
jumped by more than 3 percent for a second straight day.
Read more at Bloomberg Stocks News
led by energy-related shares, after declining U.S. fuel stockpiles
and attempted car bombings in the U.K. lifted the price of crude.
Caltex Australia Ltd., the nation's biggest oil refiner, rose
the most in two weeks. Mitsui & Co., a Japanese trading company
that generated about a sixth of last year's revenue from energy,
jumped by more than 3 percent for a second straight day.
Read more at Bloomberg Stocks News
Tuesday, June 26, 2007
Asian Shares Slide to Two-Week Low on Profit Growth Concern; Toyota Drops
(Bloomberg) -- Asian stocks fell to the lowest in
almost two weeks on concern earnings will be curbed by slowing
consumption in the U.S., the strengthening yen and a drop in
metals and oil prices.
Toyota Motor Corp., Japan's largest automaker, declined
after reports showed home sales and consumer confidence fell in
the world's largest economy and the yen strengthened for a third
day, eroding the value of overseas sales. BHP Billiton Ltd.
tracked a slump in raw-materials prices.
Read more at Bloomberg Stocks News
almost two weeks on concern earnings will be curbed by slowing
consumption in the U.S., the strengthening yen and a drop in
metals and oil prices.
Toyota Motor Corp., Japan's largest automaker, declined
after reports showed home sales and consumer confidence fell in
the world's largest economy and the yen strengthened for a third
day, eroding the value of overseas sales. BHP Billiton Ltd.
tracked a slump in raw-materials prices.
Read more at Bloomberg Stocks News
Monday, June 25, 2007
Asian Stocks Fall for a Third Day on U.S. Spending Concern; Toyota Drops
(Bloomberg) -- Asian stocks fell for a third day on
concern a slump in U.S. housing will curb spending in the
region's biggest export market.
Toyota Motor Corp., which made almost two-thirds of its
sales outside Japan last year, and Hon Hai Precision Industry Co.,
whose customers include Apple Inc., led declines after sales of
previously owned homes fell to the lowest in almost four years.
Read more at Bloomberg Stocks News
concern a slump in U.S. housing will curb spending in the
region's biggest export market.
Toyota Motor Corp., which made almost two-thirds of its
sales outside Japan last year, and Hon Hai Precision Industry Co.,
whose customers include Apple Inc., led declines after sales of
previously owned homes fell to the lowest in almost four years.
Read more at Bloomberg Stocks News
Sunday, June 24, 2007
Asian Stocks Trading in U.S. Post Worst Weekly Drop in 2 Months; BHP Falls
(Bloomberg) -- Asian stocks trading in the U.S. had
their worst weekly decline in almost two months amid concern
China may boost interest rates to cool economic growth and the
damage from a collapse in U.S. subprime market may be worse than
expected.
Toyota Motor Corp. and BHP Billiton led the retreat.
Read more at Bloomberg Stocks News
their worst weekly decline in almost two months amid concern
China may boost interest rates to cool economic growth and the
damage from a collapse in U.S. subprime market may be worse than
expected.
Toyota Motor Corp. and BHP Billiton led the retreat.
Read more at Bloomberg Stocks News
Tuesday, June 19, 2007
Asian Stocks Climb for Fifth Day, Led by Hon Hai, Nissan on Bond Yields
(Bloomberg) -- Asian stocks climbed for a fifth day
as declining U.S. bond yields eased concern borrowing costs will
rise in the world's largest economy.
Hon Hai Precision Industry Co. and Nissan Motor Co. led an
advance among companies that rely on U.S. sales, helping a
regional benchmark to a record. The yield on the 10-year U.S.
Treasury note retreated for a third day after touching a five-
year high last week.
Read more at Bloomberg Stocks News
as declining U.S. bond yields eased concern borrowing costs will
rise in the world's largest economy.
Hon Hai Precision Industry Co. and Nissan Motor Co. led an
advance among companies that rely on U.S. sales, helping a
regional benchmark to a record. The yield on the 10-year U.S.
Treasury note retreated for a third day after touching a five-
year high last week.
Read more at Bloomberg Stocks News
Asian Stocks Advance for Fifth Day, Led by Hon Hai, Nissan on Bond Yields
(Bloomberg) -- Asian stocks climbed for a fifth day
as declining U.S. bond yields eased concern borrowing costs will
rise in world's largest economy.
Hon Hai Precision Industry Co. and Nissan Motor Co. led an
advance among companies that rely on U.S. sales, helping a
regional benchmark to a record. The yield on the 10-year U.S.
Treasury note retreated for a third day after touching a five-
year high last week.
Read more at Bloomberg Stocks News
as declining U.S. bond yields eased concern borrowing costs will
rise in world's largest economy.
Hon Hai Precision Industry Co. and Nissan Motor Co. led an
advance among companies that rely on U.S. sales, helping a
regional benchmark to a record. The yield on the 10-year U.S.
Treasury note retreated for a third day after touching a five-
year high last week.
Read more at Bloomberg Stocks News
Monday, June 18, 2007
Asian Stocks Slide From Record High, Led by Nissan; BHP Drops on Metals
(Bloomberg) -- Asian stocks fell, dragging a
regional benchmark from a record high, after confidence in the
U.S. homebuilding industry dropped to a 16-year low and metals
prices declined.
Nissan Motor Co. and James Hardie Industries NV led a drop
among companies that rely on U.S. sales on speculation spending
in the world's largest economy will wane. BHP Billiton Ltd., the
world's largest mining company, ended a three-day climb, while
energy stocks including Inpex Holdings Inc. advanced after crude-
oil prices rose to the highest in nine months.
Read more at Bloomberg Stocks News
regional benchmark from a record high, after confidence in the
U.S. homebuilding industry dropped to a 16-year low and metals
prices declined.
Nissan Motor Co. and James Hardie Industries NV led a drop
among companies that rely on U.S. sales on speculation spending
in the world's largest economy will wane. BHP Billiton Ltd., the
world's largest mining company, ended a three-day climb, while
energy stocks including Inpex Holdings Inc. advanced after crude-
oil prices rose to the highest in nine months.
Read more at Bloomberg Stocks News
Wednesday, June 6, 2007
Asian Stocks Snap Five-Day Rally on Interest Rate Concerns; Samsung Falls
(Bloomberg) -- Asian stocks fell for the first time in
six days, led by exporters, banks and mining companies, on concern
global interest rates will rise further.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, led by Nissan Motor Co. and Samsung
Electronics Co, after U.S. labor costs rose more than economist
forecasts. Commonwealth Bank of Australia dropped after the
government said May employment rose almost four times as much as
economists estimated, suggesting borrowing costs may increase.
Read more at Bloomberg Stocks News
six days, led by exporters, banks and mining companies, on concern
global interest rates will rise further.
The Morgan Stanley Capital International Asia-Pacific Index
retreated from a record high, led by Nissan Motor Co. and Samsung
Electronics Co, after U.S. labor costs rose more than economist
forecasts. Commonwealth Bank of Australia dropped after the
government said May employment rose almost four times as much as
economists estimated, suggesting borrowing costs may increase.
Read more at Bloomberg Stocks News
Asian Stocks Fall in U.S. Trading on Inflation Concern; BHP, Tata Retreat
(Bloomberg) -- Asian stocks fell in U.S. trading for
a second day as a higher-than-forecast rise in labor costs fueled
concerns about accelerating inflation. BHP Billiton and other
metal shares dropped on lower gold and copper prices.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, slipped 0.7 percent to
165.07, the biggest decline in two weeks.
Read more at Bloomberg Stocks News
a second day as a higher-than-forecast rise in labor costs fueled
concerns about accelerating inflation. BHP Billiton and other
metal shares dropped on lower gold and copper prices.
The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, slipped 0.7 percent to
165.07, the biggest decline in two weeks.
Read more at Bloomberg Stocks News
Monday, June 4, 2007
Asian Stocks Slip From a Record; Mitsubishi UFJ, Kookmin Bank Decline
(Bloomberg) -- Asian stocks fell, with the key
regional index dropping from a record, on concern recent gains
more than reflect earnings prospects. Mitsubishi UFJ Financial
Group Inc. and Kookmin Bank led lenders lower.
``Investors who are not yet confident about corporate
earnings momentum judged recent share prices offer less
incentive for further buying,'' said Naoki Fujiwara, who
oversees $720 million at Shinkin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
regional index dropping from a record, on concern recent gains
more than reflect earnings prospects. Mitsubishi UFJ Financial
Group Inc. and Kookmin Bank led lenders lower.
``Investors who are not yet confident about corporate
earnings momentum judged recent share prices offer less
incentive for further buying,'' said Naoki Fujiwara, who
oversees $720 million at Shinkin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
Friday, June 1, 2007
Asian Stocks Rise; Investors Shrug Off China Slump on U.S. Growth Outlook
(Bloomberg) -- Asian stocks rose to a record, led by
BHP Billiton Ltd. and Sony Corp., after the U.S. Federal Reserve's
prediction that growth will pick up in the world's biggest economy
helped investors shrug off a tumble in Chinese shares.
``The U.S. economy is posing less of a risk to markets than
before,'' said Kim Woo Sik, who manages $210 million at SH Asset
Management Co. in Seoul. ``China's fall wasn't because of
fundamental problems with its economy, so the impact is pretty
much contained within its borders.''
Read more at Bloomberg Stocks News
BHP Billiton Ltd. and Sony Corp., after the U.S. Federal Reserve's
prediction that growth will pick up in the world's biggest economy
helped investors shrug off a tumble in Chinese shares.
``The U.S. economy is posing less of a risk to markets than
before,'' said Kim Woo Sik, who manages $210 million at SH Asset
Management Co. in Seoul. ``China's fall wasn't because of
fundamental problems with its economy, so the impact is pretty
much contained within its borders.''
Read more at Bloomberg Stocks News
Sunday, May 27, 2007
Asian Stocks Advance on Metals Prices, Weaker Yen; BHP Billiton, Sony Rise
(Bloomberg) -- Asian stocks rose for the first time
in three days after metals prices gained and the yen weakened
against the dollar and euro.
Materials producers including BHP Billiton Ltd., the
world's biggest mining company, posted the biggest gains among
the Morgan Stanley Capital International Asia-Pacific Index's 10
industry groups. Sony Corp. advanced on speculation a weaker yen
will boost the value of overseas sales at Japanese exporters.
Read more at Bloomberg Stocks News
in three days after metals prices gained and the yen weakened
against the dollar and euro.
Materials producers including BHP Billiton Ltd., the
world's biggest mining company, posted the biggest gains among
the Morgan Stanley Capital International Asia-Pacific Index's 10
industry groups. Sony Corp. advanced on speculation a weaker yen
will boost the value of overseas sales at Japanese exporters.
Read more at Bloomberg Stocks News
Friday, May 25, 2007
Asian Stocks Advance, Led by Mizuho Financial; Samsung, Exporters Decline
(Bloomberg) -- Asian stocks advanced this week after
Japanese lenders Mizuho Financial Group Inc. forecast record
earnings and Sumitomo Mitsui Financial Group Inc. said profit
will increase this business year.
``The banks are really standing out as their earnings have
fostered some confidence,'' said Hideyuki Ookoshi, who oversees
$365 million at Chiba-Gin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
Japanese lenders Mizuho Financial Group Inc. forecast record
earnings and Sumitomo Mitsui Financial Group Inc. said profit
will increase this business year.
``The banks are really standing out as their earnings have
fostered some confidence,'' said Hideyuki Ookoshi, who oversees
$365 million at Chiba-Gin Asset Management Co. in Tokyo.
Read more at Bloomberg Stocks News
Tuesday, May 22, 2007
Asian Stocks Climb for a Third Day, Nearing Record; Mizuho, Airlines Gain
(Bloomberg) -- Asian stocks rose for a third day,
led by Japanese banks after Mizuho Financial Group Inc. forecast
record earnings and the Nikkei newspaper said Mitsubishi UFJ
Financial Group Inc. will pay a higher dividend than planned.
A measure of financial shares posted the biggest gains
among 10 industry groups included in the Morgan Stanley Capital
International Asia-Pacific Index. Mizuho, Japan's second-largest
lender, jumped by the most in more than a year.
Read more at Bloomberg Stocks News
led by Japanese banks after Mizuho Financial Group Inc. forecast
record earnings and the Nikkei newspaper said Mitsubishi UFJ
Financial Group Inc. will pay a higher dividend than planned.
A measure of financial shares posted the biggest gains
among 10 industry groups included in the Morgan Stanley Capital
International Asia-Pacific Index. Mizuho, Japan's second-largest
lender, jumped by the most in more than a year.
Read more at Bloomberg Stocks News
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