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Saturday 19th of May 2012
January 14, 2008

Taiex gains on opposition win in parliamentary elections

Taiex gains on opposition win in parliamentary elections

Most Asia-Pacific equities markets were lower Monday on continuing worries that the US economy is headed for a recession. The main exceptions were the Shanghai Composite and Taiwan’s Taiex index. The Taiex added 1.79 percent to 8,173.41 after the opposition party managed a big win in parliamentary elections. The Kuomintang party, which promotes closer ties [...]



December 17, 2007

Global equities drop on inflation fears

Global equities drop on inflation fears

Equities markets in the Asia-Pacific region were lower on Monday on fears that growing inflation in the United States will cause the Federal Reserve to hold back on further interest rate cuts at a time when the economy is continuing to slow. The Shanghai Composite was down 2.62 percent to 4,876.76 while South Korea’s Kospi [...]



November 15, 2007

Markets decline globally

Markets decline globally

Asia-Pacific equities market retreated Thursday after Wednesday’s substantial gains as investors worried that consumer spending is slowing in the US. A Commerce Department report said that sales in US department stores was 0.5 percent lower in October, while Macy’s (NYSE: M) predicted that same-store sales could decline in the fourth quarter and cut its earnings [...]



October 17, 2007

Sensex declines on proposed new rules

Sensex declines on proposed new rules

Equities markets in Asia and the Pacific were mixed on Wednesday, with most major markets seeing declines on the session. The most notable decline came in India, where the Sensex dropped 1.76 percent to 18,715.82 after dropping nearly 10 percent at one point in the day, forcing trade to stop for an hour. The declines [...]



September 27, 2007

Hang Seng in another record close

Hang Seng in another record close

Asia-Pacific region equities markets saw gains on Thursday on continuing indications that the US Federal Reserve will see the need to cut interest rates again soon after the Commerce Department there reported that durable goods orders were lower in August. In Australia, the Sydney Ordinaries and the S&P/ASX200 each rose by an identical 0.87 percent [...]



September 19, 2007

Global markets soar after US interest rate cut

Global markets soar after US interest rate cut

Asia-Pacific equities markets saw gains, many of them substantial, on Wednesday after the US Federal Reserve decided on Tuesday to cut US interest rates by 0.5 percent to 4.75 percent. The only major exception was the Shanghai Composite, which dropped 0.55 percent to 5,395.26 in China. In Taiwan, the Taiex added 0.3 percent to 8,926.38. [...]



September 12, 2007

Tokyo markets lower on political upheaval

Tokyo markets lower on political upheaval

Asia-Pacific equities markets were mixed Wednesday. Gainers included the Taiex index in Taiwan, which added 0.17 percent to 9,018.12. The Straits Times index gained 0.33 percent to 3,506.09 in Singapore, while the Shanghai Composite was 1.15 percent higher to 5,172.63 and Hong Kong’s Hang Seng was up 1.49 percent to 24,310.14. On the other hand, [...]



August 31, 2007

Retailers mixed in Europe

Retailers mixed in Europe

European markets were higher again Friday, helped by talk of a plan to allow the US Federal Housing Authority to guarantee loans for delinquent subprime mortgage holders so that they can refinance their loans at better rates and avoid foreclosure, on the theory that the plan will help relieve chaos in the mortgage marked and [...]



August 27, 2007

New York lower at midday on homes sales

New York lower at midday on homes sales

The New York equities markets were lower in early afternoon trade on Monday after new data showed existing home sales dropped and inventories were higher in July. The Dow Jones Industrial Average was 0.22 percent lower to 13,349.93, while the Nasdaq Composite had dropped 0.49 percent to 2,564.19 and the S&P 500 fell 0.63 percent [...]



August 6, 2007

Straits Times index drops 3.7 percent

Straits Times index drops 3.7 percent

Most equities markets in the Asia-Pacific region were lower on Monday. The main exception was the Shanghai Composite, which added 1.48 percent to 4,628.11 to reach a new record close in China. In South Korea, the Kospi index dropped 1.16 percent to 1,855.05, while Taiwan’s Taiex index fell 1.28 percent to 8,941.73 and the Sensex [...]