Asian markets down on US fears, Japan data

Asian markets were mixed on Monday as news that Japan's economy shrank in the July-September quarter and fears over the US "fiscal cliff" offset another round of healthy Chinese data.

The euro lost the gains it made earlier in the day after Greek lawmakers said they had approved a 2013 budget that would secure the latest batch of bailout cash that will help it avoid bankruptcy.

Tokyo fell 0.93 percent, or 81.16 points, to 8,676.44, Sydney lost 0.31 percent, or 14.0 points, to end at 4,448.0 and Seoul shed 0.19 percent, or 3.54 points, to 1,900.87.

Hong Kong added 0.210 percent, or 45.92 points, to 21,430.30 and Shanghai was 0.49 percent, or 10.21 points, higher at 2,079.27.

Recent indications that the Chinese economy is emerging from a drawn-out slumber were reinforced Saturday when figures showed exports rose 11.6 percent year-on-year in October, following a near 10 percent jump in September.

The numbers, which were released as the Communist Party holds its 18th Congress and prepares for a once-a-decade leadership transition, came a day after officials said industrial output surged last month, while government asset investment also saw a healthy rise.

Zhang Ping, head of the National Development and Reform Commission, said the growth slowdown, which has impacted the global economy, had been "effectively curbed".

However, while the world's number two economy continues to show signs of a resurgence, Japan on Monday said gross domestic product had shrunk 0.9 percent in the July-September period from the previous three months.

It comes after Japan posted its worst September trade figures for 30 years as exports slumped, with analysts blaming the continued strength of the yen, a territorial spat with Beijing and the debilitating debt crisis in Europe.

In forex trade the euro bought $1.2706, compared with $1.2709 yen in New York late Friday. It also edged up to 101.01 yen from 100.99 yen.

The dollar was trading at 79.46 yen against 79.47 yen.

The euro was given a little support from the news out of Athens that the parliament had passed a 2013 budget full of swingeing cuts deemed necessary to meet creditors' demands for its next round of rescue money.

The vote passed with a comfortable majority of 167 deputies in favour from the 300-seat chamber but markets are still edgy until a decision is finally made by Greece's lenders on whether to release the much-needed money.

Eyes are also on the United States, where rival politicians must reach a deal to avoid a fiscal cliff of deep spending cuts and huge tax hikes which would come into force on January 1 and which observers say would tip the country back into recession.

The package was put together after a protracted but possibly reckless compromise was reached last year -- with the expectation that a less painful plan could be agreed -- to raise the country's borrowing cap.

Oil prices were mixed, with New York's main contract, light sweet crude for delivery in December, falling 33 cents to $85.74 a barrel in the afternoon, while Brent North Sea crude for December delivery shed 50 cents to $108.90.

Gold was at $1,736.60 by 1100 GMT compared with $1,730.30 late Friday.

In other markets:

-- Singapore closed flat, dipping 1.99 points to 3,007.57.

United Overseas Bank fell 0.11 percent to Sg$18.28 while Keppel Corp gained 0.49 percent to Sg$10.20.

-- Taipei fell 0.35 percent, or 25.47 points, to 7,267.75.

Smartphone maker HTC ended up by its seven percent daily limit at Tw$241.5 after reaching a global patent settlement with US giant Apple. Taiwan Semiconductor Manufacturing Co was 0.55 percent higher at Tw$91.3.

-- Manila closed flat, edging up 1.91 points to 5,470.70.

Ayala Corp. gained 0.45 percent to 450 pesos while Metro Pacific Investment rose 3.04 percent to 4.40 pesos.

-- Wellington added 0.66 percent, or 26.08 points, to 3,983.99.

Fletcher Building rose 3.3 percent to NZ$7.48 and Telecom was 1.04 percent higher at NZ$2.44.

-- Jakarta ended down 0.35 percent, or 15.049 points, at 4,318.591.

Carmaker Astra International slipped 1.92 percent to 7,650 rupiah, food firm Indofood Sukses Makmur was down 1.69 percent at 5,800 rupiah, and Bank Negara Indonesia dropped 1.99 percent to 3,700 rupiah.

-- Kuala Lumpur dipped 3.49 points, or 0.21 percent to close at 1,637.59.

PPB Group Bhd lost 1.3 percent to 12.58 ringgit, while Felda Global Ventures Holdings was down 0.2 percent to 4.59. Genting gained 1.2 percent to end at 4.90 ringgit.

-- Mumbai edged down 0.07 percent or 13.34 points at 18,670.34.

Tata Steel ended down 1.72 percent to 383.85 rupees while Hero Motocorp slid 1.67 percent to 1,875.75.

-- Bangkok rose 0.28 percent or 3.67 points to 1,294.50.

Coal producer Banpu fell 0.78 percent to 381.00 baht, while oil company PTT gained 0.32 percent to 317.00 baht.


Get stories like this on the Yahoo app and discover more every day.
Download it now.
  • How the Dow Jones industrial average fared on Tuesday Associated Press - 15 minutes ago

    Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best ... … More »

  • Biden vows 'rock solid' NATO ties as allies slam Trump
    Biden vows 'rock solid' NATO ties as allies slam Trump AFP News - 29 minutes ago

    US Vice President Joe Biden promised unwavering commitment to NATO's collective defence Tuesday as he sought to reassure Baltic allies spooked by a resurgent Russia and White House hopeful Donald Trump. "Let there be no doubt -- America's Article 5 … More »

  • Intuit reports 4Q loss Associated Press - 35 minutes ago

    On a per-share basis, the Mountain View, California-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share. The results exceeded Wall Street ... … More »

  • Wall St. edges higher on tech, housing boost
    Wall St. edges higher on tech, housing boost Reuters - 49 minutes ago

    With the U.S. earnings season winding down, investors are also turning their focus to the likelihood of an interest rate hike in the coming months. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues … More »

  • Markets Right Now: US stocks notch modest gains Associated Press - 55 minutes ago

    The latest on developments in global financial markets (all times local): 4:00 a.m. Stocks managed modest gains in another quiet day of trading that kept major U.S. indexes slightly below the record levels ... … More »

  • Nimble Storage reports 2Q loss Associated Press - 56 minutes ago

    On a per-share basis, the San Jose, California-based company said it had a loss of 47 cents. Losses, adjusted for stock option expense, came to 19 cents per share. The results exceeded Wall Street expectations. ... … More »

  • Oil prices jump on report Iran could support OPEC limits AFP - 1 hour 2 minutes ago

    Oil prices jumped on Tuesday after a new report that Iran could support an effort by OPEC and Russia to freeze production and firm up prices. The Reuters report, citing unnamed sources, said Tehran is ... … More »

  • Housing sector lifts U.S., European stocks; oil rises
    Housing sector lifts U.S., European stocks; oil rises Reuters - 1 hour 17 minutes ago

    Homebuilders helped lift both U.S. and European stock markets on Tuesday, while oil prices got a boost from Iran's positive signals about an output freeze. On Wall Street, technology companies led the Nasdaq to a record intraday high and robust … More »

  • Gold steady ahead of global central bankers meeting
    Gold steady ahead of global central bankers meeting Reuters - 1 hour 21 minutes ago

    NEW YORK/LONDON (Reuters) - Gold was largely unchanged on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the … More »

  • Grain lower, livestock lower Associated Press - 1 hour 26 minutes ago

    Grain futures were lower Tuesday on the Chicago Board of Trade. Wheat for Sept. declined 7.50 cents at $4.0775 a bushel; Sept. corn fell 4.75 cents to 3.2850 a bushel; Sept. oats was off .75 cent at $1.7150 ... … More »

  • Dollar slips vs yen on Fed rate hike uncertainty
    Dollar slips vs yen on Fed rate hike uncertainty Reuters - 1 hour 35 minutes ago

    The dollar slid against the yen on Tuesday, as investors shifted their focus away from hawkish remarks on U.S. interest rates by Federal Reserve officials and towards a speech on Friday by Fed Chair Janet Yellen. Yellen will speak at the annual … More »

  • Oil up over 1 percent as Iran signals support for OPEC freeze action
    Oil up over 1 percent as Iran signals support for OPEC freeze action Reuters - 1 hour 43 minutes ago

    Oil prices rose more than 1 percent on Tuesday after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. It refused to join a previous attempt this year by OPEC plus non-members such … More »

  • BOJ Spurs Bond Volatility on Policy Review Markets Can’t Predict Bloomberg - 2 hours 5 minutes ago

    The only sure thing in the run-up to the BOJ board meeting next month may be wilder market swings. Volatile movements in Japanese government bonds are likely because debt investors aren’t able to price in the outcome of the meeting, according … More »

  • Yuan Funds Abroad See Pickup After Luring $604 Million in 2016 Bloomberg - 2 hours 6 minutes ago

    China Asset Management Co. has seen more inflows into equity funds that invest offshore yuan into mainland equities since Britain’s June 23 vote to leave the European Union. CSOP Asset Management Ltd. had its strongest inflows in 14 months in June … More »

  • Social Security rolls back security measures on website Associated Press - 2 hours 19 minutes ago

    The Social Security Administration has rolled back extra security measures on the agency's website after getting complaints from people who had trouble accessing their accounts. For years, workers and ... … More »

  • AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ
    AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ Reuters - 2 hours 39 minutes ago

    (Reuters) - American International Group Inc (AIG.N) is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal ... … More »

  • VW, U.S. states to hold settlement talks over excess emissions
    VW, U.S. states to hold settlement talks over excess emissions Reuters - 3 hours ago

    Maryland, Massachusetts, New York and Pennsylvania sued Volkswagen over excess diesel emissions related to its use of cheating software while the state of Washington has filed a notice of penalty against Volkswagen. VW said settlement talks will … More »

  • BRIEF-Hartalega Holdings lays off almost 600 people in Q1 - Nikkei Reuters - 3 hours ago

    Aug 23 (Reuters) - Nikkei: * Hartalega Holdings has fired almost 600 people in a "cost management exercise", which is close to 10 percent of its headcount in Q1 - Nikkei Source text for Eikon:... … More »

  • Spain balcony-jumping craze: most are drunk Brits, study finds
    Spain balcony-jumping craze: most are drunk Brits, study finds AFP News - 3 hours ago

    They're young, mostly British, on holiday, drunk and sometimes high, and they decide to jump from their hotel or apartment balcony into the pool. The so-called "balconing" craze has taken off to such an extent in Spain's Balearic Islands that … More »

  • Campaign's rising rent at Trump Tower came as space expanded
    Campaign's rising rent at Trump Tower came as space expanded Associated Press - 3 hours ago

    Donald Trump's campaign is taking up more space inside Trump Tower in New York -- and paying a lot more in rent. The Republican presidential nominee's campaign paid $35,457 per month for rent and utilities ... … More »

  • European markets rise on better data
    European markets rise on better data AFP News - 4 hours ago

    European stock markets rebounded on Tuesday, driven by improving eurozone data and signs that the initial impact of Britain's shock EU exit vote may not be as bad as feared. Investors were also looking to a speech on Saturday from Federal Reserve … More »

  • Danish lawmakers to visit Australia's Nauru migrant camp
    Danish lawmakers to visit Australia's Nauru migrant camp AFP News - 4 hours ago

    Danish lawmakers will travel to the Pacific island of Nauru to visit a controversial Australian immigration centre and study the use of offshore settlements for asylum-seekers, one of the MPs said Tuesday. Six members of the Danish parliament's … More »


    Aug 23 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on Monday. Buyer Volume Price Terms (tonnes) ... … More »

  • RUBBER-Tokyo futures prices after evening session Aug 23 Reuters - 4 hours ago

    Following are prices for Tokyo rubber futures at the end of the Tokyo market's evening session on Aug 2016. Contract Day Volume Evening Volume * Aug 169.2 - 161.4 13 * Sep 163.8 23 161.8 26 * Oct 161.9 ... … More »

  • Turkey vows 'all kinds of support' for anti-IS Jarabulus operation
    Turkey vows 'all kinds of support' for anti-IS Jarabulus operation AFP News - 4 hours ago

    Turkey pledged Tuesday to give "all kinds of support" to push Islamic State (IS) jihadists out of the Syrian town of Jarabulus near the two countries' border. Foreign Minister Mevlut Cavusoglu made the promise amid reports Ankara-backed rebels were … More »

Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
to view quotes in your portfolios.


  • Most Actives
    Most Actives
    NamePriceChange% Chg
  • % Gainers
    % Gainers
    NamePriceChange% Chg
  • % Losers
    % Losers
    NamePriceChange% Chg

Market Data

  • Currencies
    NamePriceChange% Chg
  • Commodities
    NamePriceChange% Chg
  • Bonds
    TreasuryYield (%)Yield Change