Asian markets mostly up, yen sinks further

Asian markets were mixed on Friday, with Tokyo boosted by further weakness in the yen, while official data indicated Chinese manufacturing activity grew further in January but had moderated.

The yen hit a two-and-a-half-year low against the dollar in forex trade with dealers upbeat ahead of the release later in the day of jobs data, while a bright eurozone confidence survey sent the euro higher.

Tokyo was up 0.47 percent, or 52.68 points, at 11,191.34 and Sydney climbed 0.87 percent, or 42.3 points, to 4,921.0 but Seoul eased 0.21 percent, or 4.15 points, to 1,957.79.

Shanghai surged 1.41 percent, or 33.60 points, to 2,419.02 while Hong Kong was flat, dipping 7.69 points to 22,721.84

Beijing released official figures Friday showing manufacturing activity had seen a slip last month. The purchasing managers index (PMI) came in at 50.4, down from December's 50.6 and below the 51.0 forecast by economists.

A score above 50 indicates an expansion in manufacturing activity.

The data represents the first halt to a recent rise in activity that has fuelled hopes the world's number two economy has emerged from the slumber it endured through most of 2012.

However, a separate figure by banking giant HSBC, which looks at smaller firms, showed the PMI at a more than two-year high of 52.3, up from 51.5 in December.

Even so, analysts said it was unlikely to distress investors significantly as the figure is usually distorted around the Chinese New Year holiday, which falls on February 10 this year, as business flows turn down.

"We believe the Chinese economy and its related asset markets will remain in a sweet spot in the near term," said Bank of America Merrill Lynch economists Lu Ting and Hu Weijun in a research note.

And Tang Yonggang, an analyst at Hongyuan Securities, told Dow Jones Newswires: "The (official) PMI reading was lower than expectations, though it wasn't too low, so the trend of expansion in manufacturing stays somewhat intact."

China will release crucial trade and inflation figures next week.

Japanese shares enjoyed further advances as investors continued to sell the yen after the Bank of Japan said it would carry out open-ended monetary easing and introduce a two percent inflation target.

In the afternoon the dollar bought 92.16 yen up from 91.70 yen in New York late Thursday and near its highest level since mid-2010.

The euro also surged to 125.91 yen -- also a high not seen since the middle of 2010 -- from 124.52 yen. The single currency also bought $1.3660, up from $1.3576.

The euro continued to get a boost after the European Commission's eurozone confidence index rose for a third straight month as concerns over sovereign debts and a banking crisis ease significantly.

Wall Street provided a weak lead as investors look ahead to the release late Friday of non-farm payroll figures for a fresh clue to the state of the economy, days after data showed a surprise 0.1 percent contraction in the three months to December.

The Dow fell 0.36 percent, the S&P 500 dropped 0.26 percent and the Nasdaq was flat.

On oil markets New York's main contract, light sweet crude for delivery in March, rose two cents to $97.51 a barrel and Brent North Sea crude for March delivery rose 13 cents to $115.68.

Gold was at $1,665.35 at 1050 GMT compared with $1,674.65 late Thursday.

In other markets:

-- Singapore closed up 0.26 percent, or 8.48 points to 3,291.14.

Oversea-Chinese Banking Corp gained 0.41 percent to Sg$9.82, while Fraser and Neave shed 1.26 percent to Sg$9.43.

-- Taipei was flat, edging up 5.95 points to 7,855.97.

HTC fell 0.51 percent to Tw$290.0, while Hon Hai Precision rose 0.24 percent to Tw$84.6.

-- Manila closed 1.22 percent higher, adding 75.87 points to 6,318.61.

Metropolitan Bank and Trust rose 0.76 percent to 106.20 pesos, while Philippine Long Distance Telephone ended 1.22 percent up at 2,820 pesos.

-- Wellington fell 6.71 0.16 percent, or 0.16 percent, to 4,245.93.

Contact Energy was down 0.38 percent at NZ$5.20, Fletcher Building slipped 1.26 percent to NZ$9.40 and Telecom gained 0.21 percent to NZ$2.43.

-- Jakarta ended up 27.93 points, at 0.63 percent, at 4,481.63.

Indosat rose 5.88 percent to 7,200 rupiah and Bank Negara Indonesia rose 8.28 percent to 4,250 rupiah. Indofood Sukses Makmur slid 1.65 percent to 5,950 rupiah.

-- Bangkok rose 1.70 percent or 25.02 points to 1,499.22.

Banpu added 0.52 percent or 2.00 baht to 390.00 baht, while PTT Plc jumped 3.81 percent or 13.00 baht to 354.00 baht

-- Mumbai fell 0.57 percent or 113.79 points to 19,781.19 points.

Tata Motors fell 4.36 percent to 285.0 rupees, while DLF fell 3.55 percent to 267.95 rupees.

-- Kuala Lumpur was closed for a public holiday.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Apple Said to Plan IPhone for Japan With Tap-to-Pay for Subways Bloomberg - 33 minutes ago

    A future iPhone will include technology called FeliCa, a mobile tap-to-pay standard in Japan developed by Sony Corp., according to people familiar with the matter. The FeliCa chip will let customers in Japan store their public bus and train passes … More »

  • Asian Stock Futures Mixed Before Jackson Hole With Oil Above $47 Bloomberg - 39 minutes ago

    Contracts on equity gauges in Japan and South Korea retreated, while those on indexes in Australia and Hong Kong foreshadowed gains following a second day of losses in U.S. shares. Japan’s currency headed for its first weekly drop versus the dollar … More »

  • Air New Zealand flies to record profit
    Air New Zealand flies to record profit AFP News - 1 hour 27 minutes ago

    Air New Zealand announced an operating windfall Friday, posting a record NZ$463 million (US338.01 million) after-tax profit, up 42 percent, as the country benefitted from a tourist boom. It was "the best result ever" in the 76-year history of the … More »

  • European, US equities dip awaiting Fed
    European, US equities dip awaiting Fed AFP News - 1 hour 36 minutes ago

    US and European stocks slid Thursday in choppy trade as investors awaited a key speech by Federal Reserve Chair Janet Yellen that many hope will shed light on the Fed's policy stance. With global economic growth in a slump and the US economy not … More »

  • Dollar General, Dollar Tree report weak sales growth
    Dollar General, Dollar Tree report weak sales growth Associated Press - 1 hour 46 minutes ago

    Discount-store rivals Dollar General and Dollar Tree reported weaker-than-expected sales figures Thursday, as struggling lower-income shoppers spent less at their stores. Shares of both companies fell ... … More »

  • Euro rises as markets tread water before Yellen speech AFP - 2 hours 0 minutes ago

    The euro rose slightly on Thursday against the dollar, the yen and the British pound while investors awaited Friday's keynote address from US Fed chief Janet Yellen. Towards 2100 GMT, the euro was at $1.1281, ... … More »

  • Vegas stadium backers down to 2 top sites for Raiders
    Vegas stadium backers down to 2 top sites for Raiders Associated Press - 2 hours 13 minutes ago

    Backers of a proposed NFL stadium said they've whittled their list to two sites just west of the Las Vegas Strip and refuse to accept any less than $750 million in public funding toward the project, which ... … More »

  • Oil up on U.S.-Iran scare, dollar; Saudi output stance cuts gains
    Oil up on U.S.-Iran scare, dollar; Saudi output stance cuts gains Reuters - 2 hours 24 minutes ago

    Oil prices rose 1 percent on Thursday on U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair. The market, however, gave back some gains after an interview … More »

  • Health care sector pulls stock market lower again
    Health care sector pulls stock market lower again Associated Press - 2 hours 29 minutes ago

    Stocks fell in light trading for a second day on Thursday as investors sifted through a mix of earnings reports. The major indexes wavered between small gains and losses in the morning, then moved lower ... … More »

  • Antrim reports 2Q loss Associated Press - 2 hours 30 minutes ago

    On a per-share basis, the Calgary, Alberta-based company said it had a loss of 1 cent. Earnings, adjusted for asset impairment costs, came to less than 1 cent on a per-share basis. In the final minutes ... … More »

  • Oil up on U.S.-Iran scare, dlr; Saudi output stance cuts gains
    Oil up on U.S.-Iran scare, dlr; Saudi output stance cuts gains Reuters - 2 hours 31 minutes ago

    Oil prices rose 1 percent on Thursday on U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair. The market, however, gave back some gains after an interview … More »

  • How the Dow Jones industrial average fared on Thursday Associated Press - 2 hours 37 minutes ago

    Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing ... … More »

  • Earliest China Tea Leaves Signal Weakening Business Sentiment Bloomberg - 2 hours 44 minutes ago

    China’s policy makers have refrained from across-the-board monetary stimulus in recent months and switched to reining in risks emerging in the bond and property markets. “Both domestic and export demand remained sluggish, and unfavorable weather … More »

  • China’s Biggest Cities Said to Plan Curbs to Tame Property Boom Bloomberg - 2 hours 44 minutes ago

    Beijing and Tianjin are also contemplating new measures to rein in prices, according to three of the people. China’s top leaders, after a Politburo meeting led by President Xi Jinping last month, pledged to curb asset bubbles amid a renewed focus … More »

  • Hong Kong Regulator Wants a Tighter Grip on IPOs in Blow to HKEx Bloomberg - 2 hours 44 minutes ago

    While the Securities and Futures Commission and Hong Kong Exchanges & Clearing Ltd. have stated publicly that they’re working together on a new regime to approve IPOs, brokers and lawmakers say the proposal would shift power toward the regulator. … More »

  • Zayo Group reports 4Q loss Associated Press - 2 hours 46 minutes ago

    On a per-share basis, the Boulder, Colorado-based company said it had a loss of 13 cents. Earnings, adjusted to extinguish debt, were 1 cent per share. The results met Wall Street expectations. The average ... … More »

  • Exclusive - Exchange Bats eyes new EU base outside London after Brexit
    Exclusive - Exchange Bats eyes new EU base outside London after Brexit Reuters - 2 hours 48 minutes ago

    Europe's biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for … More »

  • Kerry arrives in Geneva for Syria talks with Lavrov
    Kerry arrives in Geneva for Syria talks with Lavrov AFP News - 2 hours 48 minutes ago

    US Secretary of State John Kerry arrived in Geneva late Thursday for a meeting with his Russian counterpart Sergei Lavrov to discuss the situation in war-ravaged Syria. Earlier Thursday, the UN special envoy for Syria Staffan de Mistura described … More »

  • US stocks edge lower ahead of Yellen speech AFP - 2 hours 54 minutes ago

    US stocks finished lower on Thursday ahead of a much-awaited speech by Federal Reserve Chair Janet Yellen that analysts hope will clarify the Fed's policy stance. Health care and pharmaceutical shares ... … More »

  • Hedge Funds Suddenly Winning on China’s Most Dangerous Short (1) Bloomberg - 3 hours ago

    After suffering through a 953 percent rally in shares of Yirendai Ltd. since mid-February, hedge funds and other bearish speculators were rewarded over the past four days as the Chinese peer-to-peer lender sank 35 percent in U.S. trading. Holding … More »

  • Net 1 UEPS posts 4Q profit Associated Press - 3 hours ago

    The Johannesburg-based company said it had profit of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share. The payments company posted revenue of $151.3 million ... … More »

  • Vivendi keeps negotiating with Mediaset despite public spat - sources
    Vivendi keeps negotiating with Mediaset despite public spat - sources Reuters - 3 hours ago

    PARIS/MILAN (Reuters) - French media giant Vivendi (VIV.PA) and Italian broadcaster Mediaset (MS.MI) are negotiating behind closed doors to forge an alternative partnership despite an ongoing war of words over a disputed pay-tv deal, three sources … More »

  • QAD Inc. posts 2Q profit Associated Press - 3 hours ago

    On a per-share basis, the Santa Barbara, California-based company said it had net income of 3 cents. Earnings, adjusted for stock option expense and amortization costs, were 15 cents per share. The manufacturing ... … More »

  • QAD posts 2Q profit Associated Press - 3 hours ago

    On a per-share basis, the Santa Barbara, California-based company said it had profit of 3 cents. Earnings, adjusted for stock option expense and amortization costs, were 15 cents per share. The enterprise ... … More »

  • Wall St. slips on healthcare, consumer names; Fed eyed
    Wall St. slips on healthcare, consumer names; Fed eyed Reuters - 3 hours ago

    U.S. stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike. Healthcare stocks, down 0.8 percent, … 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
    0.128-0.001-0.78%
    N21.SI
    0.355-0.010-2.74%
    E5H.SI
    0.59-0.01-1.67%
    5TP.SI
    1.00+0.01+1.01%
    Y92.SI
    0.785-0.010-1.26%
    BS6.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.09+26.76%
    AYB.SI
    0.465+0.080+20.78%
    E8Z.SI
    0.16+0.02+14.29%
    UV1.SI
    0.20+0.02+11.11%
    BGO.SI
    0.188+0.018+10.59%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.35-0.10-22.22%
    BFK.SI
    0.185-0.040-17.78%
    Y35.SI
    0.40-0.06-13.04%
    BBW.SI
    0.20-0.03-13.04%
    AWI.SI
    0.194-0.026-11.82%
    BLZ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3526-0.0005-0.04%
    USDSGD=X
    1.5268+0.0001+0.01%
    EURSGD=X
    1.7844+0.0001+0.01%
    GBPSGD=X
    74.3340+0.089+0.12%
    SGDJPY=X
    5.7311+0.0029+0.05%
    SGDHKD=X
    2.9648+0.0008+0.03%
    SGDMYR=X
    9,821.0518+2.4668+0.03%
    SGDIDR=X
    4.9188-0.0015-0.03%
    SGDCNY=X
    1.0313+0.0007+0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,324.30-0.30-0.02%
    GCZ16.CMX
    18.490.00-0.02%
    SIU16.CMX
    96.51+1.17+1.23%
    ^XAU
    2.080.00-0.02%
    HGU16.CMX
    47.34+0.01+0.02%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.01
    ^FVX
    1.58+0.02
    ^TNX
    2.26+0.02
    ^TYX