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☆ Kia shares edge up in choppy trade after booking extra $1.1 bln provision
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Oct 19 (Reuters) - Shares of South Korea's Kia Corp (000270.KS) reversed losses and edged up on Wednesday after the automaker said on Tuesday that its third-quarter earnings will reflect an additional provision of 1.54 trillion won ($1.08 billion) for engine recalls from years ago. Kia's shares fell shortly after the market open. Hyundai Motor (005380.KS) and affiliate Kia on Tuesday said they will book a combined 2.9 trillion won ($2 billion) provision in their third-quarter results. read moreShares of Hyundai Motor (005380.KS) were trading up 0.9%, versus benchmark KOSPI's (.KS11) 0.2% rise as of 0025 GMT. ($1 = 1,424.6400 won)Register now for FREE unlimited access to Reuters.com RegisterReporting by Heekyong Yang and Joyce Lee; Editing by Kim Coghill & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Asia-Pacific markets inch up after Wall Street gains overnight
▼ + stars: | 2022-10-19 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

A pedestrian looks at Japanese companies' share prices of the Tokyo Stock Exchange displayed on an electronic board in Tokyo on April 30, 2021. Shares in the Asia-Pacific inched higher on Wednesday following a second day of gains in major U.S. indexes. The Japanese yen remained above 149 against the U.S. dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was fractionally higher. China was due to release home prices data Wednesday, but the release has been delayed.

☆ Asia-Pacific markets rise after Wall Street's jump; yen hovers near 149-levels
▼ + stars: | 2022-10-18 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific traded higher on Tuesday after Wall Street's rally overnight. Japan's yen touched 149.08 against the dollar and was last trading near 148.90. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.46%. The unusual move comes as the Communist Party of China holds its 20th National Congress.

☆ Asia-Pacific markets slip as recession fears weigh
▼ + stars: | 2022-10-17 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians walk in front of an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on March 7, 2022. Shares in the Asia-Pacific fell on Monday as recession fears weigh in over expectations of continued tighten monetary policies around the world. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.6% lower. Later in the week week, several countries in the region are slated to report inflation data, while Australia will release unemployment statistics and China will announce its loan prime rate decision. U.S. stocks closed the previous week lower after a University of Michigan survey showed inflation expectations were increasing.

☆ Japan stocks jump 2%, leading gains in Asia after Wall Street rally, Singapore's GDP grows 4.4%
▼ + stars: | 2022-10-14 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Shares in the Asia-Pacific jumped on Friday, taking the lead from Wall Street overnight as investors shook off a strong inflation report. The Nikkei 225 in Japan was 2.37% higher in early trade, while the Topix gained 1.74%. Japan's yen plunged to its lowest levels against the U.S. dollar since 1990 overnight before paring losses, and still trading at 147-levels. Singapore's GDP grew 4.4% in the third quarter and is expected to further tighten its monetary policy.

☆ World stocks slip to near 2-yr low ahead of U.S. CPI data
▼ + stars: | 2022-10-13 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Global markets have suffered a torrid few weeks and there was little sign of respite in either Asia or Europe as weak equities knocked MSCI's 47-country world index (.MIWD00000PUS) down for a seventh straight day. It has fallen nearly 4.3% in the last six days, with markets worried that aggressive global interest rate hikes will trigger recessions. Data had already confirmed German harmonised inflation was +10.9% y/y in September but all eyes are on U.S. CPI data due at 1230 GMT. The dollar index, which gauges the greenback against six major rivals, barely budged from around 113.25 ahead of the CPI data. "Markets still feel very dysfunctional"Meanwhile, crude oil markets remained weak following a 2% slide on Wednesday amid worries over demand.

☆ Asian stocks weaken as Fed, BoE fuel uncertainty before U.S. CPI data
▼ + stars: | 2022-10-13 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

U.S. long-term Treasury yields languished near the lows of the past two days, sitting little changed at 3.9227% in Tokyo trading. Treasury yields turned lower after the minutes, reversing an earlier rise, with investors focusing on the dovish undertones in taking yields back from near two-decade highs. The dollar index, which gauges the greenback against six major rivals, stuck near the middle of its range this week, trading little changed at 113.27. But the dollar was little changed versus sterling , which had rebounded strongly from a two-week trough of $1.0925 on Tuesday. Benchmark 10-year gilt yields had swung from a fresh 14-year peak at 4.632% to close at 4.429% on Wednesday, little changed from the previous session.

☆ Asia-Pacific markets trade mixed ahead of U.S. inflation data
▼ + stars: | 2022-10-13 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022. Shares in the Asia-Pacific were mixed on Thursday as investors await inflation data from the U.S. due later stateside. The Nikkei 225 in Japan was fractionally lower and the Topix was down 0.28%. Japan's yen strengthened in Asia's morning after touching 146.98 per dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was just above the flatline.

☆ Asia stumbles as China COVID, sterling wobbles shake sentiment
▼ + stars: | 2022-10-12 | by ( Kanupriya Kapoor | ) www.reuters.com time to read: +4 min

Sterling rose 0.4% to $1.1008 in late Asian trade but there are broader concerns about the direction of policy in Britain. In Japan, the rampaging dollar breached 146 yen for the first time in 24 years, prompting authorities in Tokyo to pledge necessary steps in the foreign exchange market if needed. Renewed U.S. dollar strength also sent the risk-sensitive Australian dollar to $0.6247, the lowest since April 2020. U.S. inflation data on Wednesday and Thursday is expected to keep the Fed on an aggressive rate hike path. It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

☆ Asian stocks stall, dollar wallops pound and yen
▼ + stars: | 2022-10-12 | by ( Kanupriya Kapoor | ) www.reuters.com time to read: +3 min

SINGAPORE, Oct 12 (Reuters) - Asian stocks wallowed at two-year lows on Wednesday, after a strengthening dollar, instability in the U.K. bond market, and upcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.87%, while Seoul's KOSPI index (.KS11) fell 0.41% and Australia's resources-heavy index (.AXJO) was up 0.05%. China's CSI300 index (.CSI300) was down 0.96% in early trade and Hong Kong's Hang Seng index fell 1.94%. The British financial turmoil combined with a burst of U.S. dollar strength that sent the sterling to a two-week low of 1.0949, while the risk-sensitive Australian dollar fell to $0.6247, the lowest since April 2020. It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

☆ Asia-Pacific markets mixed amid fears of slowing growth; yen weakens past 146
▼ + stars: | 2022-10-12 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Wednesday amid concerns over the global economy and ahead of the Bank of Korea's rate decision. The Nikkei 225 in Japan was lower by about 0.2% while the Topix lost 0.15%. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed. South Korea's central bank is expected to raise interest rates by 50 basis points to 3% on Wednesday, according to a Reuters poll. The Korean won last changed hands at 1,432.30 per dollar.

☆ Japan, South Korea stocks fall 2% in early trade as investors weigh economic risks
▼ + stars: | 2022-10-11 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan. Shares in Asia-Pacific were mixed on Tuesday as investors weigh the impact of monetary policy and economic uncertainty. Japan and South Korea's markets resumed trading after a holiday on Monday. In South Korea, the Kospi fell 2.26% and the Kosdaq shed 3%. "Equities continue to sell off as the impact of tighter monetary policy spooks investors," ANZ Research analysts wrote in a note Tuesday.

☆ Asia-Pacific markets open higher after Wall Street rebounds overnight
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. Shares in the Asia-Pacific rose at the open on Thursday following a rebound on Wall Street overnight. The Nikkei 225 in Japan advanced 1% and the Topix index gained 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%. The S&P 500 gained 1.97% to 3,719.04, staging a comeback after notching a new bear market low the previous session.

☆ Major Asian markets drop after rocky day on Wall Street amid inflation, interest rate fears
▼ + stars: | 2022-09-28 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN Business —Asian stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil. Japan’s benchmark Nikkei (N225) index slid 2.2% as of lunchtime local time Wednesday, while South Korea’s Kospi (KOSPI) dropped 2.8%. Hong Kong’s Hang Seng Index (HSI) shed 2.2%, as China’s benchmark Shanghai Composite (SHCOMP) index slipped 0.9%. The dips come after another volatile day on Wall Street, with the Dow (INDU) and S&P 500 (INX) reaching their lowest levels since November 2020. That put the Dow (INDU) deeper into a bear market, as it fell more than 125 points, or 0.4%.

☆ Asia-Pacific markets open higher following negative start to the week
▼ + stars: | 2022-09-27 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific were higher on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose 0.65%, and the Topix index gained 0.66%. South Korea's Kospi was marginally up, and the Kosdaq gained 0.64%. MSCI's broadest index of Asia-Pacific shares outside Japan was about flat.

☆ Nikkei, Kospi fall 2%; Asia-Pacific markets drop as negative sentiment remains
▼ + stars: | 2022-09-26 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Shares in the Asia-Pacific fell sharply on Monday as negative sentiment continues to weigh in on markets. The Nikkei 225 in Japan dropped 2.19% in early trade, and the Topix slipped 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.19% lower. Onewo, a subsidiary of property developer China Vanke, is set to debut on the Hong Kong stock exchange this week as well.

☆ Asia-Pacific markets inch lower as investors weigh Fed hike
▼ + stars: | 2022-09-23 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave up gains to fall 1.16% on its return to trade after a holiday on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.18%. On Wall Street overnight, stocks fell for a third consecutive day over recession fears following the Fed's latest 75-basis-point rate hike.

☆ Asia markets fall after Federal Reserve raises rates; Bank of Japan decision ahead
▼ + stars: | 2022-09-22 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange in Japan. Asia markets traded lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. U.S. stocks were volatile and closed sharply lower following the announcement. The Nikkei 225 in Japan slipped 1% in early trade, and the Topix index fell 0.78%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.46%.

☆ Hong Kong stocks hit an 11-year low after historic Fed rate hike
▼ + stars: | 2022-09-22 | by ( Laura He | Cnn Business | ) edition.cnn.com time to read: +1 min

Hong Kong (CNN Business) Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US Federal Reserve raised rates by 75 basis points and forecast even more hikes ahead, fueling concerns about a recession. Hang Seng Index HSI Nikkei 225 N225 Shanghai Composite Index SHCOMP Thefell as much as 2.6%, breaking below 18,000 points, before recovering slightly. Australia's S&P/ASX 200 index fell 1.6%, while Japan'sand South Korea's Kospi both fell 0.6%. The Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Wednesday, July 13, 2022. "If you were to compare this rate hike cycle to previous rate hike cycles going back to 1983, the Fed has never raised rates this much in this short a time period," said David Chao, global market strategist, Asia Pacific (ex-Japan) at Invesco.

☆ Asian stocks sink, yields rise as markets brace for aggressive Fed
▼ + stars: | 2022-09-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterMSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) lost 1%. Sweden's Riksbank surprised markets overnight with a full percentage-point hike, and warned of more to come over the next six months. Markets are pricing in an 81% chance of another 75-basis-point increase, and see a 19% probability of a full percentage point rise. The Bank offered to buy 250 billion yen of bonds in an unscheduled operation on Wednesday to keep yields in check. Meanwhile, crude oil continued its decline amid worries that aggressive tightening by the Fed and other central banks would crimp growth and curb demand.

☆ South Korea plans reforms to tackle 'Korea discount' for its stocks
▼ + stars: | 2022-09-20 | by ( Joori Roh | ) www.reuters.com time to read: +3 min

A woman talking on the phone walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File PhotoSEOUL, Sept 20 (Reuters) - South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that could help reduce the "Korea discount" in stock markets, a senior government official told Reuters on Tuesday. The "Korea discount" refers to a tendency for South Korean companies to have lower valuations than global peers due to factors such as low dividend payouts, the dominance of opaque conglomerates known as chaebols and geopolitical risks involving North Korea. Register now for FREE unlimited access to Reuters.com RegisterSome of the policies the authority is looking into include dividend policy, registration requirements for foreign investors and corporate filings. "(South Korea's) current dividend policy does not meet the global standard and has been mentioned several times by foreign investors ... In South Korea, unlike other major economies, companies confirm dividend amounts weeks after the so-called ex-date - after which buyers of the stock do not receive the payout - creating uncertainty for investors.

☆ Asia-Pacific markets trade higher as Japan's core inflation rises
▼ + stars: | 2022-09-20 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Shares in the Asia-Pacific rose Tuesday as Japan's inflation accelerated and ahead of China's interest rate decision. Japan's Nikkei 225 rose 1.14% on its return to trade after a holiday and the Topix gained 0.87%. Core inflation in Japan increased 2.8% from a year ago, the fastest rate of increase since late 2014, topping the prediction of 2.7% in a Reuters poll. U.S. stocks wavered between positive and negative territory overnight before closing higher before the Fed's meeting begins Tuesday stateside.

☆ Hong Kong tech leads losses in Asia; China cuts rates ahead of Fed, Bank of Japan meetings this week
▼ + stars: | 2022-09-19 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Shares in the Asia-Pacific fell on Monday ahead of major central bank meetings this week. The Hang Seng index in Hong Kong was 0.89% lower in the final hour of trade, with the Hang Seng Tech index down 1.93%. In mainland China, the Shanghai Composite dipped 0.35% to 3,115.60 and the Shenzhen Component also declined 0.48% to 11,207.04. The People's Bank of China cut its 14-day reverse repo rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59%.

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