Stock Markets

Tokyo stocks open lower on oil price rise, stronger yen

Tokyo stocks open lower on oil price rise, stronger yenTokyo  - Tokyo stocks extended their losses Friday on the back of oil price rises and a stronger yen.

The Nikkei 225 Stock Average lost 85.5 points in morning trading, or 0.67 per cent, to trade at 12,666.71.

The broader Topix index of all first-section issues was also down 8.14 points, or 0.66 per cent, at 1,216.39.

Exporters were hurt by a weaker US dollar against the yen as a stronger yen makes Japanese products more expensive overseas.

US stocks edge higher on energy share jump

US stocks edge higher on energy share jumpWashington  - US stocks rose slightly Thursday on the back of energy company gains, as financial shares continued their steady fall on the week.

Chevron Corp and Exxon Mobil Corp led the rise after crude oil prices for October delivery surged 4.9 per cent to 121.23 dollars per barrel in New York trading.

US stocks edge higher on energy share jump

US stocks edge higher on energy share jump Washington  - US stocks rose slightly Thursday on the back of energy company gains, as financial shares continued their steady fall on the week.

Chevron Corp and Exxon Mobil Corp led the rise after crude oil prices for October delivery surged 4.9 per cent to 121.23 dollars per barrel in New York trading.

Pakistan rupee, stocks tumble on political instability

Karachi - Pakistan stocks and the rupee plunged on Thursday as uncertainties over the restoration of judges and the election of a new president continued to cloud the political scene, triggering selling pressure, traders said.

The benchmark KSE-100 Index fell by 2.7 per cent or 289 points to close at 10,236 as investors continued dumping blue-chip stocks, including some energy stocks like state-owned Oil and Gas Development Corp(OGDC).

"The procrastination in restoration of judges against the deadline is casting an uncertainty among investors," said trader Ateeq Ahmed at Capital One Equities.

India's Sensex falls nearly 3 per cent

New Delhi - India's benchmark Sensex index fell 2.96 per cent in trading Thursday on heavy selling by funds and investors.

NSE To Start Live Trading In Currency Futures On Aug 29

The National Stock Exchange (NSE) of India has been allowed for trading in currency future by the Security and Exchange Board of India. It will be the first exchange in India to start currency trading. NSE future trading is expected to launch on Aug 29.

In currency future trading, some recognized stock exchanges are allowed to buy or sell one currency against another on a specified future data. The price for future trading is fixed by selling or purchase of data. Only the firm USD-INR is covered under currency futures trade in India by the approval of RBI.

The contract for future trading would be worth $1,000 with the validity period of a month. The entire deal would be traded in Indian rupees at the reference rate of RBI on the last trading day.  

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