Asian shares mixed, Nikkei ends flat as yen weakens

Asian markets were mixed on Thursday, with Tokyo ending flat after a seesaw session that saw parts suppliers hit after global aviation agencies grounded Boeing's Dreamliner.

The euro and dollar resumed their upward trend against the yen after Japan's economy minister Akira Amari distanced himself from his earlier reported comments, that too sharp a fall in the yen could be bad.

Tokyo edged up 9.20 points to 10,609.64, after heavy losses in the previous session on the back of a strengthening yen.

Seoul lost 0.16 percent, or 3.18 points, to 1,974.27 but Sydney added 0.38 percent, or 18.2 points, to 4,756.6.

Shanghai fell 1.06 percent, or 24.59 points, to 2,284.91, while Hong Kong ended flat, dipping 17.23 points to 23,339.76.

The yen had strengthened after Amari on Tuesday was quoted as saying that the currency's rapid decline in recent weeks was putting Japan's fragile recovery at risk by making imports more expensive.

The rise in the currency hit the Nikkei, which tumbled Wednesday after hitting a 32-month high earlier in the week.

But the unit eased back on Thursday after Amari said his comments had been misinterpreted.

In afternoon trade the dollar bought 88.62 yen, up from 88.37 yen in New York late Wednesday, while the euro rose to 117.90 yen from 117.42 yen.

The single currency bought $1.3305 Thursday, from $1.3286.

Eyes are now on a Bank of Japan rate-setting meeting next week to see if it follows a monetary policy line closer to the new government, which is calling for more loosening.

Shares in two of the country's biggest airlines ended with mixed fortunes after suffering a sell-off in the wake of their announcement that they would ground their Boeing 787 Dreamliner fleets.

The news from All Nippon Airways (ANA) and Japan Airlines (JAL) came after an ANA plane was forced to make an emergency landing Wednesday owing to problems with a battery.

The incident is the latest in just over a week to hit the aircraft, including engine problems and fuel leaks.

Authorities around the world including in the US, Europe and India later ordered airlines to stop flying the troubled airplanes, meaning that most of the Dreamliners in operation worldwide have now been grounded.

Japanese authorities said Thursday the grounding would continue indefinitely until all batteries were confirmed to be safe.

However JAL finished the day 0.27 percent higher -- a reversal from the 1.0 percent loss in mid-session -- while ANA ended 0.54 percent off after slipping more than one percent earlier.

Component suppliers fared worse but still pared their morning losses. Carbon fibre maker Toray Industries lost 1.96 percent and battery maker GS Yuasa tumbled 4.98 percent.

Wall Street provided an anaemic lead, with the Dow falling 0.17 percent, the S&P 500 flat and the Nasdaq up 0.22 percent.

Dealers are also eyeing Friday's release of Chinese growth data, with expectations high that it will show a further pick-up in the economy as it emerges from a drawn-out slumber.

Oil prices slipped. New York's main contract, light sweet crude for delivery in February, shed 15 cents to $94.09 a barrel. Brent North Sea crude for March delivery fell $1.08 to $109.78 53.

Gold was at $1,681.70 at 01130 GMT compared with $1,678.80 late Wednesday.

In other markets:

-- Taipei lost 1.09 percent, or 83.79 points, to 7,616.64.

Leading smartphone maker HTC fell 3.29 percent to Tw$279.5 while Taiwan Semiconductor Manufacturing Co was 0.1 percent higher at Tw$99.3.

-- Manila closed 0.41 percent higher, adding 24.66 points, to 6,072.18.

Philippine Long Distance Telephone Co. gained 0.59 percent to 2,714 pesos while Ayala Land rose 2.39 percent to 27.80 pesos.

-- Wellington rose 0.66 percent, or 27.58 points, to 4,196.81.

Fletcher Building was up 2.47 percent at NZ$9.11 and Telecom gained 0.85 percent to NZ$2.37 while Air New Zealand was down 1.17 percent at NZ$1.27.

-- Singapore closed down 0.42 percent, or 13.40 points, to 3,195.10.

Real estate developer CapitaLand gained 1.58 percent to Sg$3.86 while OCBC Bank fell 1.64 percent to Sg$9.57.

-- Kuala Lumpur shares fell 1.86 points, or 0.11 percent, to 1,681.09.

Maxis lost 0.3 percent to 6.54 ringgit, while IOI shed 0.2 percent to 4.99.

-- Bangkok added 0.34 percent, or 4.81 points, to 1,420.95.

Siam Cement lost 0.47 percent to 426.00 baht, while power giant Electricity Generating Public Co. dropped 0.98 percent to 152.00 baht.

-- Jakarta fell 0.29 percent, or 12.58 points, to 4,398.38.

Miner Aneka Tambang fell 2.86 percent to 1,360 rupiah and food manufacturer Indofood Sukses Makmur slipped 0.81 percent to 6,100 rupiah.

-- Mumbai rose 0.74 percent, or 146.40 points, to 19,964.03.

Indian Oil Corp rose 6.6 percent to 315.9 rupees while Hindustan Petroleum Corp rose 6.06 percent to 345.6 rupees.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • US stocks flat as oil shares pressured AFP - 4 minutes 42 seconds ago

    Petroleum-linked shares retreated Wednesday ahead of a US oil inventory report as Wall Street stocks opened little-changed in sluggish trade. Shares of Dow members ExxonMobil and Chevron dipped with oil ... … More »

  • Markets Right Now: US stocks open lower Associated Press - 5 minutes ago

    The latest on developments in global financial markets (all times local): 9:35 a.m. Stocks are opening slightly lower on Wall Street as the market gives back a modest gain from the day before. Mining and ... … More »

  • Wall Street opens little changed as investors eye Fed
    Wall Street opens little changed as investors eye Fed Reuters - 15 minutes ago

    REUTERS - U.S. stocks were little changed at the open on Wednesday as investors kept up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate ... … More »

  • Iran yet to decide on OPEC limits: ministry source AFP - 26 minutes ago

    Iran has yet to take any decision on whether to set a ceiling on oil production or take part in a planned OPEC meeting in Algeria, an oil ministry source told AFP Wednesday. "It is too early to talk ... … More »

  • Cnooc Posts 1st Half-Year Loss on Canadian Oil Sands Charge (3) Bloomberg - 50 minutes ago

    Prices have whipsawed this year, flipping five times between bear and bull markets, as production from nations outside the Organization of Petroleum Exporting Countries, including China and the U.S., declines in the wake of a price crash that began … More »

  • EU warns Greece statistics row 'dangerous' for bailout Reuters - 1 hour 14 minutes ago

    BRUSSELS/ATHENS (Reuters) - The European Union called on Greece on Wednesday to quash what Brussels said were false accusations the Greek statistics agency rigged data to help foreign creditors and warned that the row posed risks to Athens' current … More »

  • Glencore’s Worst Profit Shows Miners Still Reeling From Crisis Bloomberg - 1 hour 15 minutes ago

    Weak raw-material prices caused profit at the commodities giant to plunge 66 percent in the first half to $300 million. The shares slumped as much as 6 percent in London, the most in two months, even as Glencore promised to cut debt even further … More »

  • New trade deal with Britain may take time, Norwegian minister says Reuters - 1 hour 39 minutes ago

    Norway wants to maintain a good relationship with Britain after it leaves the European Union but it may take a long time for a new trade agreement to be established, the EU affairs minister in Oslo said on Wednesday. Elisabeth Aspaker told a … More »

  • Qatari state fund buys stake in NY's Empire State Building
    Qatari state fund buys stake in NY's Empire State Building Associated Press - 1 hour 41 minutes ago

    Qatar's sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York's Empire State Building. The $622-million purchase by the Qatar Investment Authority comes ... … More »

  • European stocks rebound as euro slips, U.S. curve flattens
    European stocks rebound as euro slips, U.S. curve flattens Reuters - 1 hour 44 minutes ago

    European stocks edged towards consecutive daily gains for the first time in three weeks on Wednesday, drawing support from a weak euro as investors moved to price in a U.S. interest rate rise, boosting the dollar. The earlier mood was more … More »

  • WPP sees signs of post-Brexit recovery in British ad market
    WPP sees signs of post-Brexit recovery in British ad market Reuters - 1 hour 48 minutes ago

    WPP (WPP.L), the world's largest advertising group, reported a better than expected jump in first-half net sales and said its British operations showed signs in July of a "post-Brexit recovery", sending its shares to a record high. Run by … More »

  • Gold steady as investors await U.S. rate clues
    Gold steady as investors await U.S. rate clues Reuters - 1 hour 49 minutes ago

    Gold held steady on Wednesday as investors took to the sidelines ahead of a speech by Federal Reserve Chair Janet Yellen this weekend which will be closely watched for further clues on U.S. interest rate policy. Yellen is scheduled to address a … More »

  • Exclusive - German ratings firm Scope seeks ECB recognition Reuters - 1 hour 49 minutes ago

    German rating firm Scope says it is in talks to become one of the European Central Bank's recognised sovereign credit agencies, though tough requirements mean the process could take at least three years. Scope would become the first agency based in … More »

  • Oil prices drop as market tracks US supplies AFP - 1 hour 50 minutes ago

    Oil prices fell Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns. Data from the American Petroleum Institute (API) Tuesday showed ... … More »

  • U.S. oil falls 2 percent on surprise build in crude stocks
    U.S. oil falls 2 percent on surprise build in crude stocks Reuters - 1 hour 53 minutes ago

    U.S. oil prices fell more than 2 percent on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the supply glut that has capped prices for the past two years. Industry data from the American Petroleum Institute (API) … More »

  • U.S. oil falls 2 pct on surprise build in crude stocks
    U.S. oil falls 2 pct on surprise build in crude stocks Reuters - 2 hours 0 minutes ago

    U.S. oil prices fell more than 2 percent on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the supply glut that has capped prices for the past two years. Industry data from the American Petroleum Institute (API) … More »

  • Buba's Dombret says eyes LSE-Deutsche Boerse merger with some concern Reuters - 2 hours 19 minutes ago

    Bundesbank board member Andreas Dombret said he was concerned the planned $29 billion (21.89 billion pounds) merger between German exchange operator Deutsche Boerse and the London Stock Exchange may raise systemic risks in derivatives clearing. … More »

  • PetroChina profit almost wiped out in first half
    PetroChina profit almost wiped out in first half AFP News - 2 hours 24 minutes ago

    China’s biggest oil producer PetroChina's net profit plunged 97.9 percent in the first half of this year, it said Wednesday, as it struggled with a weak domestic economy and low oil prices. Net profit was 531 million yuan ($79.9 million) in the … More »

  • European equities mainly rise on German GDP
    European equities mainly rise on German GDP AFP News - 2 hours 26 minutes ago

    European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany's economy, Europe's largest, … More »

  • Malaysian oil service provider Perisai in talks with bondholders Reuters - 2 hours 33 minutes ago

    Malaysian oil and gas service provider Perisai Petroleum Teknologi on Wednesday said it has started talks with holders of its S$125 million ($92.36 million) bond maturing on Oct. 3. Perisai said its interest cover ratio had fallen below the … More »

  • Angry Birds maker Rovio turns a profit, plans movie sequel
    Angry Birds maker Rovio turns a profit, plans movie sequel Reuters - 2 hours 34 minutes ago

    Finnish mobile game and animation maker Rovio Entertainment Ltd said on Wednesday it made a profit in the first half of the year and was planning a sequel to its successful Angry Birds Movie. Rovio's adjusted operating profit in the first six … More »

  • Philippines' Duterte says willing to allow online gambling resumption Reuters - 2 hours 36 minutes ago

    Philippine President Rodrigo Duterte said on Wednesday he's willing to allow a resumption of online gambling in the Southeast Asian nation if correct taxes are paid and gaming parlours are far from schools and churches. The new president added … More »

  • German banks right to charge for accounts - Bundesbank's Dombret Reuters - 2 hours 45 minutes ago

    German banks are right to consider current account fees to counter low central bank rates, but an outright charge on deposits, as pioneered by a few lenders, is unlikely to become common, Bundesbank board member Andreas Dombret told Reuters. While … More »

  • EU, Portugal agree on recapitalisation for bank CGD Reuters - 2 hours 58 minutes ago

    The European Commission said it had reached an agreement in principle with Portugal over the recapitalisation on market terms of Portuguese state-owned bank Caixa Geral de Depositos - the country's largest lender. Under the terms of the deal, … More »

  • EU says Greek debt statistics not manipulated in 2010-2015
    EU says Greek debt statistics not manipulated in 2010-2015 Reuters - 3 hours ago

    The European Union's Employment Commissioner Marianne Thyssen said on Wednesday the Greek statistics office did not manipulate data on the country's debt in 2010-2015 and that she had sent a letter to Athens asking it to refute any such suggestions. … 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
    0.1290.0000.00%
    N21.SI
    0.250.00-1.96%
    5ME.SI
    0.60+0.04+6.57%
    5TP.SI
    0.99-0.02-1.98%
    Y92.SI
    0.156+0.007+4.70%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.06+22.45%
    T18.SI
    0.15+0.02+15.38%
    5TI.SI
    0.225+0.025+12.50%
    Y35.SI
    0.51+0.05+12.09%
    BHU.SI
    0.162+0.017+11.72%
    QS9.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.011-0.115-91.27%
    QF6.SI
    0.23-0.17-42.50%
    AWI.SI
    0.205-0.055-21.15%
    I06.SI
    0.45-0.10-18.18%
    BFK.SI
    0.385-0.085-18.09%
    E8Z.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3539+0.0026+0.19%
    USDSGD=X
    1.5254-0.0016-0.10%
    EURSGD=X
    1.7938+0.0111+0.62%
    GBPSGD=X
    74.1070-0.0020.00%
    SGDJPY=X
    5.7243-0.0112-0.20%
    SGDHKD=X
    2.9829+0.0071+0.24%
    SGDMYR=X
    9,784.7578-31.9463-0.33%
    SGDIDR=X
    4.9148+0.0014+0.03%
    SGDCNY=X
    1.0326+0.0037+0.36%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,333.20-12.90-0.96%
    GCZ16.CMX
    18.66-0.27-1.41%
    SIU16.CMX
    101.40-2.50-2.40%
    ^XAU
    2.10-0.02-0.71%
    HGU16.CMX
    47.58-0.52-1.08%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.13-0.01
    ^FVX
    1.55-0.01
    ^TNX
    2.23-0.01
    ^TYX