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Mixed earnings reports weigh on stocks: Mixed corporate earnings reports weighed on stocks Monday. Kimberly-Clark Corp., the maker of Kleenex and Huggies, dropped 2.7 percent after missing earnings estimates. The company also lowered its earnings forecast for the full year and said it plans to raise prices to offset ...

China Stocks Extend Losses to Hit 3-week Low: Chinese shares hit a three-week low on Tuesday, with the benchmark Shanghai Composite Index down 25.97 points, or 0.88 percent, to rest at 2,938.98. The Shenzhen Component Index fell 59.52 points, or 0.48 percent, to rest at 12,448.48. Combined turnover dropped to 194.42 billion ...

Asian Market Roundup April 26: China Chinese shares closed lower Tuesday with the benchmark Shanghai Composite Index down 25.97 points, or 0.88 percent, to 2,938.98. The Shenzhen Component Index fell 59.52 points, or 0.48 percent, to 12,448.48. Hong Kong stocks lost 130.93 points, or 0.54 percent, to close at ...

China stocks close lower Monday: Chinese shares closed lower Monday with the benchmark Shanghai Composite Index down 45.57 points, or 1.51 percent, to 2,964.95. The Shenzhen Component Index fell 200.41 points, or 1.58 percent, to 12,508.01. Combined turnover rose to 243.77 billion yuan (about 37.5 billion U.S. ...

Chinese shares close lower at midday Monday: Chinese shares closed moderately lower in the morning session Monday with the benchmark Shanghai Composite Index falling below the psychological mark of 3,000. Shanghai Composite Index lost 20.97 points, or 0.7 percent, to finish the morning session at 2,989.55. The Shenzhen ...

Chinese shares open lower Monday: Chinese shares dropped at the opening on Monday with the benchmark Shanghai Composite Index down 0.25 percent to 3,003.03. The Shenzhen Component Index opened 0.35 percent lower at 12,664.45.

China's yuan weakens against USD Monday: The Chinese currency Renminbi (RMB), or the yuan, on Monday lost 5 basis points from Friday to 6.5161 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the RMB ...

Asian stocks up as market confidence rises: Asian stocks rose for the fourth week in five as the United States housing starts gained and companies reported earnings that beat estimates, boosting confidence in global growth. James Hardie Industries SE, the largest seller of home siding in the US, jumped 4.2 percent in ...

Shanghai's Int'l Board Prepares for Trade: China's regulators may allow 10 foreign and overseas-listed Chinese companies to sell shares in Shanghai under a trial program after two years of preparation, the 21st Century Business Herald reported, citing a draft plan. Companies seeking to list on Shanghai's so-called ...

China stocks close lower Friday: Chinese shares closed lower Friday with the benchmark Shanghai Composite Index down 15.46 points, or 0.51 percent, to 3,011.21. The Shenzhen Component Index fell 90.33 points, or 0.71 percent, to 12,708.42. Combined turnover shrank to 237.93 billion yuan (about 36.6 billion U.S. ...

Asian Market Roundup Apr 22: China Chinese shares closed lower Friday with the benchmark Shanghai Composite Index down 15.46 points, or 0.51 percent, to 3,011.21. The Shenzhen Component Index fell 90.33 points, or 0.71 percent, to 12,708.42. Japan Japanese stocks closed almost flat Friday. The benchmark 225...

Canton Fair Transactions over $23b: The iamge of a participant is reflected in the mirror at the 109th Canton Fair, in Guangzhou, capital of south China's Guangdong province, April 19, 2011. The Canton Fair, opened last Friday, ended its first five-day session April 19 this year with transactions reaching $23 ...

Gold price opens higher in Hong Kong: The gold price in Hong Kong went up 12 HK dollars to open at 13,930 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,504.7 U.S. dollars, up 1.3 U.S. dollars a troy ounce at latest exchange rate of one U.S. ...

Gold prices touch record for 5th session: Gold bars are displayed for the media inside a Bank of Taiwan branch in Taipei yesterday. Gold rallied above US$1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally ...

China stocks close mixed amid liquidity concerns: Chinese shares closed mixed on Wednesday amid concerns that the central bank will continue to soak up excess liquidity. The benchmark Shanghai Composite Index rose 8 points, or 0.27 percent, to 3,007.04. The Shenzhen Component Index declined 45.4 points, or 0.35 percent, to 12...

Hong Kong stocks close 1.6% higher: Hong Kong stocks went up 375.48 points, or 1.6 percent to close at 23,896.10 Wednesday after landing in the negative territory for several sessions. The benchmark Hang Seng Index was fluctuating during most of the morning hours but started moving upward all the way in the ...

Chinese shares mixed at midday Wednesday: Chinese shares closed mixed in the morning session Wednesday with the benchmark Shanghai Composite Index up 0.32 percent to 3,008.76. The Shenzhen Component Index fell 0.06 percent to 12,791.40.

Anti-Dumping Duties Removed, Chinese Shoemakers Eye EU High-End Market: Since the European Union (EU) erased anti-dumping duties, shoemakers in east China's Zhejiang Province have shifted from a low-cost strategy to target the high-end EU market. Aokang Group Co., Ltd., one of 1,200 Chinese companies affected by the tariffs, is abandoning its low...

Gold Further Hikes on Weak Dollar, Inflationary Concerns: Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Wednesday, buoyed up by sharp drop in U.S. dollar as well as intensified concerns over inflation. Silver gained more than one percent. The most active gold contract for June delivery gained 3...

Shanghai's Ideal for Shared Services: Shanghai is rising as a key shared service center because the city hosts a strong financial industry and has a high concentration of national and international company headquarters located here, an industry report said Tuesday. "Shanghai has a number of important advantages in ...

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