Asian markets mixed ahead of Greece meeting

Asian markets were mixed on Monday as investors awaited the outcome of a meeting later in the day aimed at finalising a bailout deal for Greece, amid a simmering budgetary impasse in Washington.

Tokyo rose 0.24 percent, or 22.14 points, to 9,388.94, Sydney gained 0.25 percent, or 11.2 points, to close at 4,424.2 but Seoul ended 0.15 percent, or 2.82 points, lower at 1,908.51.

Hong Kong closed down 0.24 percent, or 52.17 points, at 21,861.81 while Shanghai slid 0.49 percent, or 9.92 points, to finish at 2,017.46.

Eurozone finance ministers were to meet later Monday for their third effort to agree on unlocking a 31.2-billion-euro ($40.5-billion) slice of aid for Greece as it teeters on the verge of bankruptcy as nervous investors hope for positive news.

French Finance Minister Pierre Moscovici on Sunday offered some hope in the long-running saga to reach a deal for Athens, saying that ministers were "very close to a solution".

"I don't know if there will be an agreement tomorrow. I know it is possible and I want one," he said.

Europe's main stock markets fell at the start of trading Monday ahead of the meeting on Greece, with London's benchmark FTSE 100 index of top companies down 0.26 percent at 5,803.98 points.

Frankfurt's DAX 30 shed 0.31 percent to 7,286.69 points and in Paris the CAC 40 dropped 0.40 percent to 3,514.86.

The mixed Asian trade came after US stocks rallied Friday on signs that holiday retail sales were off to a good start, with Walmart calling it the "best ever" Black Friday, the traditional discount sales day that kicks off the holiday shopping season.

That helped boost the Dow Jones Industrial Average by 1.35 percent to 13,009.68.

Investors were also looking out for news of a compromise in Washington that will avert the so-called fiscal cliff of spending cuts and tax hikes, which will likely send the economy into recession if it comes into effect.

Finding a new spending deal to replace the package, scheduled to come into effect on January 1, has been elusive in the bitterly-divided US Congress.

"Certainly from our perspective, we are sceptical about whether there has really been any progress in discussions regarding the US fiscal cliff," Angus Gluskie, managing director of White Funds Management in Sydney, told Dow Jones Newswires.

On currency markets the euro lost ground after hitting a seven-month high on the yen.

The single currency bought $1.2965 and 106.38 yen from $1.2973 and 106.90 yen in New York on Friday.

The euro had climbed above 107 yen in earlier Asian trade Monday but the unit quickly fell.

The dollar was also weaker at 82.01 yen against 82.40 yen in US trade.

However, the yen has been under pressure recently on expectations the country's central bank will unveil a new round of monetary easing next month.

Oil markets were also affected by Greek debt fears and the US fiscal cliff, analysts said.

New York's main contract, West Texas Intermediate (WTI) for January delivery, was down four cents to $88.24 a barrel in the afternoon, and Brent North Sea crude also for January eased 26 cents to $111.12.

"Having just enjoyed an unexpectedly strong week, global markets remain on a knife edge with uncertainty over Greece and the US taking centre stage again," said Jason Hughes, head of premium client management at IG Markets Singapore.

Gold was at $1,747.01 at 1030 GMT compared with $1,734.47 late Friday.

In other markets:

-- Wellington rose 3.69 points, or 0.09 percent, to 4,012.03, its highest close since January 2008.

Contact Energy gained 1.38 percent to NZ$5.15 and Fisher & Paykel Healthcare was up 1.63 percent to NZ$2.50.

-- Taipei was up 81.36 points, or 1.11 percent, at 7,407.37.

Leading smartphone maker HTC added 4.58 percent to Tw$251.0 while Hon Hai Precision was 0.87 percent higher at Tw$92.8.

-- Manila rose 0.49 percent, or 27.08 points, to close at a record high of 5,579.42.

Philippine Long Distance Telephone added 0.4 percent to 2,510 pesos and Philippine National Bank increased 1.9 percent to 85.90 pesos.

-- Singapore closed 0.51 percent, or 15.22 points, higher at 3,004.50.

Singapore Telecom rose 0.64 percent to finish at Sg$3.16 and property developer CapitaLand ended 0.59 percent higher at Sg$3.43.

-- Jakarta ended up 0.61 percent, or 26.361 points, at 4,375.169.

Retailer Ramayana Lestari Sentosa jumped 11.63 percent to 1,440 rupiah and tin firm Timah rose 2.94 percent to 1,400 rupiah.

-- Kuala Lumpur fell 0.40 percent, or 6.44 points, to end at 1,607.88.

Axiata Group shed 2.0 percent to 5.75 ringgit, while CIMB Group Holdings dropped 1.2 percent to 7.58.

-- Bangkok gained 0.71 percent, or 9.15 points, to 1,290.85.

Coal producer Banpu jumped 5.35 percent to 394.00 baht, while Siam Cement lost 0.77 percent to 387.00 baht.

-- Mumbai rose 0.16 percent, or 30.44 points, to 18,537.01.

GSK Consumer Healthcare, the local arm of GlaxoSmithKline, jumped 20 percent to 3,651.8 rupees on news that the parent firm planned to increase its stake in the local firm to 75 percent.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Italy second quarter GDP likely to be revised up - Treasury source Reuters - 4 minutes 20 seconds ago

    ROME (Reuters) - Italian second quarter gross domestic product data is likely to be revised up to show some quarter-on-quarter growth instead of the flat preliminary reading issued earlier this month, ... … More »

  • Two European energy analysts leave Societe Generale Reuters - 6 minutes ago

    LONDON (Reuters) - Two Paris-based analysts covering European natural gas, power, coal and carbon markets at Societe Generale said they are leaving the French investment bank. Thierry Bros, senior analyst ... … More »

  • Oil falls as dollar rallies again; storm fears limit downside
    Oil falls as dollar rallies again; storm fears limit downside Reuters - 7 minutes ago

    Oil prices fell for a second day in a row on Tuesday as the dollar rose on stronger U.S. economic data, but the downside was limited by production suspensions in the U.S. Gulf due to an expected tropical storm. U.S. West Texas Intermediate (WTI) … More »

  • Putin to visit Japan in December
    Putin to visit Japan in December AFP News - 17 minutes ago

    President Vladimir Putin will visit Japan in December as Moscow and Tokyo strive to ease old tensions over four disputed islands, the Kremlin said Tuesday. Tokyo-Moscow relations are hamstrung by a row dating back to the end of World War II when … More »

  • Grain lower, livestock mixed Associated Press - 30 minutes ago

    Grain futures were lower Tuesonday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 1.50 cents higher at $3.7220 a bushel; Sept. corn was 2 cents lower at $3.0960 bushel; Sept. ... … More »

  • Berkeley could be dumped from FTSE 100 as Brexit bites Reuters - 39 minutes ago

    British housebuilder Berkeley Group could be kicked out of the top UK equity index following a sharp drop in its stock price on concerns about the pace of economic growth in Britain after it voted to leave the European Union. Berkeley shares have … More »

  • US stocks are mostly lower as investors wait for jobs report
    US stocks are mostly lower as investors wait for jobs report Associated Press - 44 minutes ago

    U.S. stocks were slightly lower in early trading Tuesday in what looks to be another quiet day as the summer comes to an end. Hershey plunged after the company walked away from a merger proposal, and Apple ... … More »

  • EU hits Apple with 13 billion euro Irish tax demand
    EU hits Apple with 13 billion euro Irish tax demand Reuters - 50 minutes ago

    BRUSSELS/DUBLIN (Reuters) - The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company's … More »

  • Oil prices rise on U.S. weather fears, OPEC speculation
    Oil prices rise on U.S. weather fears, OPEC speculation Reuters - 52 minutes ago

    Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were trading at $49.58 … More »

  • Gold slips as focus shifts to U.S. payrolls data
    Gold slips as focus shifts to U.S. payrolls data Reuters - 54 minutes ago

    Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar, while attention turned to U.S. payrolls data this week for further clues on the pace of rate hikes. Fed Chair Janet Yellen said on … More »

  • Wall Street flat as investors look for clues on rates
    Wall Street flat as investors look for clues on rates Reuters - 1 hour 3 minutes ago

    Federal Reserve Chair Janet Yellen painted a rosy picture of the U.S. economy at an economic symposium on Friday and said the case for a rate hike was strengthening, but gave little indication on when the central bank could move. Fed Vice Chairman … More »

  • VW reviews supplier strategy after dispute hits production
    VW reviews supplier strategy after dispute hits production Reuters - 1 hour 7 minutes ago

    Volkswagen Chief Executive Matthias Mueller has vowed to review the German car giant's procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month. Disputes like this one, resolved by … More »

  • Volkswagen reviews supplier strategy after dispute hits production
    Volkswagen reviews supplier strategy after dispute hits production Reuters - 1 hour 10 minutes ago

    Volkswagen Chief Executive Matthias Mueller has vowed to review the German car giant's procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month. Disputes like this one, resolved by … More »

  • Markets Right Now: A mixed open for stocks on Wall Street Associated Press - 1 hour 18 minutes ago

    The latest on developments in global financial markets (all times local): 9:35 a.m. Stocks are wavering between small gains and losses in early trading as a summer slowdown continues on Wall Street. Hershey ... … More »

  • France's Macron expected to resign in step towards presidency run
    France's Macron expected to resign in step towards presidency run Reuters - 1 hour 24 minutes ago

    France's Economy Minister Emmanuel Macron will resign on Tuesday, sources close to him said, clearing the way for a presidential bid by one of the country's most popular politicians. A run by the man polls say is the most-liked minister in Francois … More »

  • Bank Rakyat appoints one of board members as acting chairman New Straits Times - 1 hour 42 minutes ago

    KUALA LUMPUR: Bank Rakyat’s board of directors, at its special meeting, has appointed one of its members as Acting Chairman. In a statement today, Bank Rakyat said, the appointment was made after getting an approval from Minister of Domestic Trade, … More »

  • Uganda grants 8 oil production licenses to Total, Tullow Associated Press - 1 hour 42 minutes ago

    Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude. Five of the licenses were granted to ... … More »

  • China's big banks set for hard slog as margins shrink
    China's big banks set for hard slog as margins shrink Reuters - 1 hour 49 minutes ago

    SHANGHAI/BEIJING (Reuters) - Four of China's so-called 'Big Five' state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second-biggest economy hits borrowers and … More »

  • France urges halt to EU-U.S. trade talks
    France urges halt to EU-U.S. trade talks Reuters - 1 hour 54 minutes ago

    Trade talks between the European Union and the United States should be halted and a new set started, France's trade minister said on Tuesday, adding his voice to calls from within Germany for an end to the negotiations. Three years of talks on a … More »

  • Mitsubishi says overstated mileage for more vehicle models
    Mitsubishi says overstated mileage for more vehicle models Reuters - 2 hours 1 minute ago

    Mitsubishi Motors Corp said on Tuesday more of its vehicle models were involved in a mileage cheating scandal than initially stated, and that it would temporarily stop domestic sales of affected vehicles and compensate owners. Earlier in the day, … More »

  • Oil rebound slightly after sharp losses AFP - 2 hours 5 minutes ago

    Oil prices rose Tuesday, a day after sliding on the strong dollar, but fears over the supply glut kept gains in check before a key producers' meeting next month. The market had tumbled Monday after Federal ... … More »

  • Slowing German inflation puts pressure on ECB
    Slowing German inflation puts pressure on ECB Reuters - 2 hours 15 minutes ago

    German annual inflation slowed unexpectedly in August, preliminary data showed on Tuesday, suggesting price pressures in Europe's largest economy remain weak despite the European Central Bank's ultra-loose monetary policy. The euro zone has … More »

  • Fed bets boost dollar, EU tax bill bites Apple Reuters - 2 hours 21 minutes ago

    U.S. interest rate rise expectations pushed the dollar up for a seventh time in eight days on Tuesday, while Wall Street dealers braced for a bruising session for Apple after it was hit by a record $14.5 billion European tax bill. The dollar … More »

  • Iowa at center of debate over 'shadow insurance' deals
    Iowa at center of debate over 'shadow insurance' deals Associated Press - 2 hours 33 minutes ago

    For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly ... … More »

  • Irish finance minister says EU Apple tax ruling bizarre, political Reuters - 2 hours 36 minutes ago

    DUBLIN (Reuters) - An order by European Union antitrust regulators for Apple (AAPL.O) to pay up to 13 billion euros ($14.5 billion) in taxes is a bizarre exercise in politics, Ireland's finance minister ... … 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.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123-0.001-0.81%
    N21.SI
    0.3550.0000.00%
    E5H.SI
    0.235-0.005-2.08%
    5ME.SI
    0.725-0.010-1.36%
    G13.SI
    0.315+0.005+1.61%
    5OT.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.12+27.91%
    BJZ.SI
    0.45+0.09+25.00%
    BFK.SI
    0.46+0.06+15.00%
    M05.SI
    0.23+0.03+12.20%
    BTJ.SI
    0.525+0.055+11.70%
    BQD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.13-0.02-13.33%
    5TI.SI
    0.20-0.03-13.04%
    AWI.SI
    0.176-0.024-12.00%
    A04.SI
    0.166-0.022-11.70%
    AWS.SI
    0.155-0.020-11.43%
    5WD.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3642+0.0049+0.36%
    USDSGD=X
    1.5207+0.0001+0.01%
    EURSGD=X
    1.7851+0.0036+0.20%
    GBPSGD=X
    75.3600+0.443+0.59%
    SGDJPY=X
    5.6849-0.0175-0.31%
    SGDHKD=X
    2.9704-0.0049-0.16%
    SGDMYR=X
    9,733.8350-18.6689-0.19%
    SGDIDR=X
    4.8930-0.0213-0.43%
    SGDCNY=X
    1.0248-0.0051-0.50%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,321.30-5.80-0.44%
    GCZ16.CMX
    18.64-0.13-0.71%
    SIU16.CMX
    95.28-1.66-1.71%
    ^XAU
    2.06-0.01-0.51%
    HGU16.CMX
    46.27-0.71-1.51%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.170.00
    ^FVX
    1.560.00
    ^TNX
    2.220.00
    ^TYX