Stock Markets

Japan stocks rise despite bad economic news

Japan stocks rise despite bad economic newsTokyo  - Stocks in Japan were up slightly on Wednesday despite bad news about the state of the country's economy and businesses.

The benchmark Nikkei 225 Stock Average was up 95.68 points, or 1.14 per cent, at mid-trading, as traders pin their hope on fiscal stimulus packages around the world.

The broader Topix index of all first-section issues rose 0.56 per cent to 822.5.

Wall Street declines on earnings forecasts

Wall Street declines on earnings forecastsNew York - US stocks slid on Tuesday as companies cut their earnings forecast as consumers cut spending to cope with the recession.

The blue-chip Dow Jones Industrial Average shed 242.85 points, or 2.7 per cent, to 8,691.33. The broader Standard and Poor's 500 Index lost 21.03 points, or 2.3 per cent, to 888.67, while the technology heavy Nasdaq Composite Index fell 24.40, or 1.6 per cent, to 1,547.34.

Tokyo stocks gain despite economy slump

Tokyo stocks gain despite economy slumpTokyo  - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product (GDP) decline of 1.8 per cent.

Driven up by gains on Wall Street and a rally in commodities, the benchmark Nikkei 225 Stock Average closed up 66.82 points, or 0.8 per cent, to 8,395.87.

The broader Topix index of all first-section issues rose 5.86 points, or 0.72 per cent to 817.94.

On currency markets at midday (0300 GMT), the dollar was quoted at 92.75-80 yen, compared to Monday's 5 pm quote of 93.01-03 yen.

Tokyo stocks gain despite economy slump

Tokyo stocks gain despite economy slumpTokyo  - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product decline of 1.8 per cent.

Driven up by gains on Wall Street and a rally in commodities the benchmark Nikkei 225 Stock Average was up 40.38 points, or 0.48 per cent, to 8,369.43 by mid-trading.

The broader Topix index of all first-section issues rose 5.8 points, or 0.71 per cent to 817.88.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 93.00-03 yen, compared to Monday's 5 pm quote of 93.01-03 yen.

BSE Sensex closes 196 points higher, NSE Nifty gains 70 @ 3.30 p.m.

Indian Stock markets opened strong on Monday and gained further ground during first few hours. The markets, however, could not sustain at higher levels and slipped during the last one hour of trading session. BSE Sensex closed at 9161 with a gain of 196 point. NSE Nifty closed 70 points higher at 2784. Buying was witnessed in select counters in Power, Telecom, Real Estate, Metals and Capital goods sectors.

BSE Sensex touched and intraday high of 9432 and a low of 9095.

BSE Auto index started the day stronger but towards of the end of the session, ended only 1.2% up. Banking, Capital Goods, Metals, PSU and Technology counters ended the day stronger. Midcap stocks were marginally down while smallcap stocks gained.

Hong Kong shares surge nearly 9 per cent on stimulus moves

Hong Kong shares surge nearly 9 per cent on stimulus movesHong Kong  - The benchmark Hang Seng index surged 8.66 per cent Monday to its highest level in seven weeks amid investor confidence of stimulus moves by China and the United States.

Turnover topped 63.87 billion Hong Kong dollars (8.19 billion dollars), following Friday's turnover of 37.3 billion Hong Kong dollars.

Pages