Yuan climbs toward 19-year high on improving economic outlook
China’s yuan climbed toward a 19-year high on speculation global investors will boost holdings of local assets as the world’s second-largest economy recovers from a seven-quarter slowdown. The People’s Bank…
Incentive talk stops panic sell-off in Shanghai stock market
The mainland stock market crashed through a psychologically important level yesterday before a rumour about an incentive policy helped it recover early losses to finish higher. However, the volatile trading…
South Korea warns it may curb derivatives as won rallies
South Korea warned on Thursday it was ready to take action, such as lowering the ceilings on banks’ foreign exchange derivatives positions as early as next week, to stem the…
Mixed reaction from investors for trading debuts in Hong Kong
Shares of bedding maker Casablanca and mainland property firm CIFI headed in opposite directions on their Hong Kong debut yesterday, indicating fresh investor appetite for the domestic consumer sector at…
Factory numbers add to market optimism
The stock market rose more than 500 points in two days to reach a two-week high yesterday on higher expectations of an improved economy on the mainland. The Hang Seng…
South Korea bought nearly US$1b to curb won rise – dealers
The South Korean authorities bought nearly US$ 1 billion in intervention aimed at curbing the won’s strength on Thursday, dealers in Seoul estimated. The won reversed initial gains on the…
