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Shares close down midday Wednesday: Chinese shares closed slightly lower midday Wednesday as the latest interest rates increase refreshed investors' concerns over inflation. The benchmark Shanghai Composite Index dipped 0.03 percent to close at2,798.22. The Shenzhen Component Index dropped 0.12 percent to 11,977.18...

ChiNext Index opens lower Wednesday: ChiNext Index fell 6.15 points to open at 1,026.45 points Wednesday. The index, officially launched on June 1, 2010 on the Shenzhen Stock Exchange, has a base value of 1,000 points. The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and ...

China's yuan hits new high against U.S. dollar: The Chinese currency, or the yuan, rose to a new high of 6.585 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trading System. The central parity rate of the RMB, or the yuan, was 10 basis points higher than the previous record of 6.586 set on Feb. 1, ...

Shares open 0.72% down following rates hike: Chinese shares opened lower Wednesday as the latest interest rates increase refreshed investor's concerns over inflation. The benchmark Shanghai Composite Index dipped 0.72 percent to open at2,778.70. The Shenzhen Component Index opened 0.73 percent lower at 11,903.65. The People...

Liquor shares fizzle despite festival sales surge: Liquor producers in China have enjoyed brisk sales while the country celebrates the Spring Festival but their stocks have disappointed investors who bet on the holiday spending spree. Shares of white spirits and wine producers have declined by an average of 5.72 percent over the ...

Markets make gains in Asia: Asian stocks pushed toward a near three-year peak yesterday as the American job market showed -further signs of recovery, highlighting a brighter economic outlook, while the dollar eased against a basket of currencies. South Korea and Japan led gains, with the former ending up ...

U.S. stocks hit fresh multi-year highs: U.S. stocks Monday hit fresh multi-year highs on positive corporate earnings, deals news and tension easing in Egypt. The Dow Jones Industrial Average rose 69.48 points, or 0.57 percent, to 12,161.63, its highest close since June 16, 2008. The Nasdaq Composite advanced 14.69, or ...

Hong Kong stocks down 0.49 pct by midday: Hong Kong stocks reversed early gains and moved down 117.5 points, or 0.49 percent, to close Monday's morning session at 23,791.46 points. The Hang Seng Index added 72.78 points, or 0.3 percent to open at 23,981.74.

Asian Market Roundup Feb 3: China The Chinese mainland and Hong Kong stock markets are closed on Thursday for the Spring Festival holiday. Japan Tokyo stocks closed slightly lower Thursday with the key Nikkei index down 0.25 percent. The benchmark Nikkei 225 Average dropped 26.00 points to 10,431. 36. The ...

HK December retail sales value up 18.5%: Hong Kong's Census and Statistics Department announced Tuesday the value of total retail sales in December 2010 rose 18.5 percent to 34.9 billion HK dollars from same month last year. After netting out the effect of price changes over the same period, the volume of total retail ...

China to push forward capital account convertibility: China will push for capital account convertibility during the 12th Five-Year Plan (2011-2015) under the conditions where risks remain controllable, China's foreign exchange regulator said Tuesday. China will gradually make the Chinese currency convertible under capital account ...

China's stocks rise on strong coal, property shares: Chinese stocks rose Tuesday as coal producers climbed on prospects the increase in coal imports will slow this year while property developers rallied on speculation that further controls on the market might not be imminent. The benchmark Shanghai Composite Index rose 0.3 percent, ...

China stock index futures open lower Monday: China's stock index futures opened lower Monday. The contract for settlement in February 2011, the most actively traded, opened 0.39 percent lower at 3,035. The March 2011 contract opened 0.20 percent lower at 3,065, and the contract for settlement in June 2011 dropped 0.06 ...

Chinese shares open lower Monday: Chinese shares opened lower Monday with the benchmark Shanghai Composite Index down 0.04 percent to open at 2,751.53. The Shenzhen Component Index opened 0.08 percent lower at 11,884.34.

China's yuan rises 39 basis points per USD Monday: The central parity rate of yuan, the Chinese currency, Monday gained 39 basis points to 6.5891 against the U.S. dollar, according to the China Foreign Exchange Trading System. China's central bank announced in June 2010 it would further reform the exchange rate formation ...

ChiNext Index opens higher Monday: ChiNext Index rose 0.69 points, or 0.07 percent, to open at 1,021.63 points Monday. The index, officially launched on June 1, 2010 on the Shenzhen Stock Exchange, has a base value of 1,000 points. The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME ...

China stock index futures open mixed Friday: China's stock index futures opened mixed Friday. The contract for settlement in February 2011, the most actively traded, opened 4 points lower at 3,026.4. The March 2011 contract opened 3 points lower at 3,050.0, while the contract for settlement in June 2011 climbed 0.4 point at ...

China stock index futures close up Thursday: China's stock index futures closed up Thursday with the contract for February, the most actively traded, rose 1.52 percent from the previous trading day to end at 3,030.4 points. The March contract gained 1.42 percent to 3,053 points. The June contract climbed 1.34 percent to 3...

Egypt's Crisis Rocks Gulf Arab Markets: The usually resilient stock markets in Gulf Arab countries were not immune from the impact of Egypt's ongoing crisis, but despite heavy losses on the opening Sunday, a big regional crash did not occur. Index losses ranged between 1.32 percent, in the Bahrain Stock Exchange, and 4...

Chinese shares open lower Friday: Chinese shares opened lower Friday with the benchmark Shanghai Composite Index down 0.29 percent to open at 2,741.31. The Shenzhen Component Index opened 0.05 percent lower at 11,789.64.

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