InfoAnda - Asian markets edge higher but yen hurts Tokyo stocks

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Algeria promises more freedoms to avert protests | | 4 February 2011
Lady Gaga wins record 13 MTV video music nominations | | 4 August 2010
Storms, not airport security, slow holiday travel | 26 November 2010

Warner Music beats estimates on digital sales | | 11 May 2011

Forum Views () Forum Replies ()

Read more with google mobile : Asian markets edge higher but yen hurts Tokyo stocks

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Asian markets edge higher but yen hurts Tokyo stocks AFP - Friday, December 31 Send IM Story Print Asian markets edge higher but yen hurts Tokyo stocks HONG KONG (AFP) - – Asian stock markets closed broadly higher on Thursday, with some signs of optimism going into 2011, though the strengthening yen saw Tokyo end the year on a low. Sydney's S&P/ASX 200 index ended up 0.32 percent, or 15.2 points, at 4,790.4 and Seoul rose 0.37 percent, or 7.51 points, to 2,051.00, its highest close in more than three years. Hong Kong added 0.13 percent, or 30.04 points, to 22,999.34 and Shanghai rose 0.29 percent, or 8.05 points, to 2,759.58 but traders said the market was still coming to terms with last weekend's interest rate hike, the second in less than three months. A warning by China's housing ministry of further unspecified measures to rein in the property market added to nervousness, dragging down developer stocks. The rate hike "has hurt already-weak sentiment as it will have a negative impact on the market liquidity conditions," Dow Jones Newswires quoted Capital Securities analyst Jacky Zhang as saying. However there were also signs of exuberance, with firmer metals prices helping push Sydney higher after losses on Wednesday caused partly by gloom about China. "At the end of the day this is concern over an overheating economy as opposed to an economy that's about to collapse," said David Land, a trader at CMC Markets. "For the last two months economic data, especially from the US, is certainly supporting the bulls' argument that 2011 is going to be a year of profit and revenue growth." In Hong Kong, Haitong Securities said the dip in the market was likely to be limited as China's economic cooling measures had largely been priced in. Haitong noted that the Hang Seng had climbed just five percent over the year, while "H-shares" -- mainland firms listed in Hong Kong -- were two percent lower. Tokyo ended 2010 by losing 1.12 percent, or 115.62 points, to 10,228.92. The Nikkei's fall came as the dollar plunged against the yen, weighing on exporters as a stronger currency makes their goods less attractive overseas. "A high yen was the theme of the market today. It symbolises this year's trading," said Masatoshi Sato, senior strategist at Mizuho Investors Securities. But Meiwa Securities' senior market analyst Masayoshi Yano said: "Despite the fact that the dollar is nearing 80 yen, the selling is limited. It reflects continuing hopes for a US economic recovery into next year." The dollar fell as investors left the US currency due to falling US bond yields and instead hunted out riskier assets. The greenback dropped to 81.53 yen in early European trade, off an intraday low of 81.26, but down from 81.62 yen in New York late Wednesday. The euro rose to 1.3239 dollars from 1.3224 dollars in New York. Against the yen, the single European currency was marginally higher at 107.90 against 107.88 yen in New York. And the Australian dollar surged to a new record high against the US dollar after breaking parity two months ago. In afternoon Asian trade the Aussie fetched 1.0197 US dollars and is up about 20 percent since June thanks to Australia's robust economy, which is being driven by a mining boom. Oil rose in Asian trade on expectations that freezing temperatures in the northern hemisphere will stoke demand. New York's main contract, light sweet crude for February delivery, rose 20 cents to 91.32 dollars per barrel in the afternoon. Brent North Sea crude for February was up 16 cents at 94.30 dollars. Gold closed at 1,413.00-1,414.00 US dollars an ounce in Hong Kong, up from Wednesday's close of 1,407.00-1,408.00 dollars. US stock markets drifted upwards on Wednesday, keeping the Dow index at two-year highs. The Dow Jones Industrial Average rose 0.09 percent to 11,585.38, the broader S&P 500 index gained 0.10 percent and the NASDAQ rose 0.15 percent. In other markets: -- Singapore closed up 0.14 percent, or 4.55 points, at 3,212.46. United Overseas Bank gained 0.99 percent to 18.44 Singapore dollars and Singapore Telecommunications dipped 0.97 percent to 3.07. -- Taipei rose 0.47 percent, or 41.56 points, to 8,907.91. Hon Hai added 1.3 percent to 117.0 Taiwan dollars while UMC was up 0.62 percent at 16.15. -- Manila edged up 1.83 points to 4,201.14 on the last trading day of the year. The index has gained 38 percent over the past 12 months, making it one of the most successful in the region this year. SM Investments rose 0.8 percent to 543 pesos, Manila Electric gained 3.2 percent to 228 and Metro Pacific added 4.0 percent to 3.89. -- Kuala Lumpur ended 0.36 percent, or 5.43 points, lower at 1,518.91. Property developer KL Kepong slid 2.8 percent to 22.10 ringgit and power generation firm YTL Power dropped 2.4 percent to 2.44 as national carrier Malaysian Airlines climbed 1.5 percent to 2.09. -- Jakarta gained 0.12 percent, or 4.30 points, to 3,703.52. Carmaker Astra rose 1.0 percent to 54,550 rupiah, Indosat jumped 4.9 percent to 5,400 and gas and oil company Medco increased 6.3 percent to 3,375. Bank Danamon fell 1.7 percent to 5,700 rupiah. -- Wellington gained 0.26 percent, or 8.65 points, to end at 3,334.27. NZ Oil & Gas closed 2.4 percent higher at 87 New Zealand cents, Fletcher Building fell 0.5 percent to 7.69 dollars and Fisher & Paykel Appliances shed 1.8 percent to 55 cents. -- Bangkok edged down 0.18 percent or 1.83 points to 1,032.76. Banpu gained 4.00 baht to 792.00 while Siam Cement lost 1.00 baht to 341.00. -- Mumbai closed up 0.66 percent, or 133.04 points, at 20,389.07. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 21 minutes ago Jobless claims, factory data buoy recovery hopes Reuters - 21 minutes ago Rattner settles with Cuomo for $10 million Reuters - 32 minutes ago Chrysler recalls more than 144,000 vehicles: NHTSA Reuters - 49 minutes ago Groupon raises $500 million, to buy back shares Reuters - 1 hour 1 minute ago News Search Top Stories Spanish PM trumpets economic uptick, commits to reforms '250 billion' plastic fragments in Mediterranean Ponting ruled out of final Ashes Test Swiss franc hits record high vs dollar, euro, pound Pope acts to tackle money-laundering in Vatican More Top Stories » ADVERTISEMENT Most Popular Most Viewed French model known for anti-anorexia ads dies World's oldest human remains claimed in Israel Brazil's Petrobras confirms giant oil finds Deadline looms for Billy the Kid pardon Reese Witherspoon engaged to Hollywood agent More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 31 December 2010
Israel's ex-president Moshe Katsav guilty of rape
Japan nano-tech team creates palladium-like alloy: report
Roadside bomb kills 14 Afghan civilians
UK cable in 1980 said Israel ready to use bomb |
Spanish PM trumpets economic uptick, commits to reforms
Smartphones behind leap in Paris metro robberies: official
'250 billion' plastic fragments in Mediterranean
Haiti frees U.S. aid worker accused of kidnapping |
Blast kills at least 14 civilians in Afghanistan
Ponting ruled out of final Ashes Test
US-TECH Summary
Wave hits tanker in mid-Atlantic, two killed |
Canada is most Web-addicted nation: study
RIM dismisses claims of PlayBook battery weakness
WikiLeaks backers say Zimbabwe websites shut down |
Skype brings video calls to iPhone, iPod, iPad
Sears, Kmart launch Alpahline online video store
Harsh U.S. words for Russia, but little impact on ties
Japan's Ienaga determined to wow Mallorca fans
US-TECH Summary
Agent Orange cleanup to start at former US base in Vietnam
Japan postpones launch of emission trading system: reports
Injured Ponting ruled out of final Ashes Test
Cambodia charges Thai MP over border incident
Myanmar's Suu Kyi meets breakaway leaders
Facebook tops Google as most visited site in U.S. |
Barnes & Noble: e-books take lead in online sales |
WikiLeaks backers say Zimbabwe websites shut down |
China Eastern to buy 50 Airbus airliners
Taiwan orders probe as currency hits high vs dollar
Pakistani stocks end close to 30-mth high; rupee firms
Pakistan's forex reserves rise to $16.42 bln
Asian markets edge higher but yen hurts Tokyo stocks
Oprah aims for mindful TV in OWN network gamble |
Asia Naphtha-S Korea Honam pays more than $10/T for H1 Feb vols
Snooki denied New Year's Eve Ball drop |
China cracks down on Internet phone services
Contestant haunted by apparent wrong answer |
S.Korea to sell 82.4 trln won in T-bonds in 2011
American Idol hires Ray Chew as music director |
Iraq death toll set to be lowest since invasion
Estonia braces for euro switch
Virus attacks Android phones in China: researchers
Merkel tells Germans they need the euro
Deadline looms for Billy the Kid pardon
Groupon raises over half of $950 million funding bid
Floods cover vast area of Australia's northeast |
Russia's Khodorkovsky to stay in jail six more years
Colombia undertaker launches ghostly census
Four Danish terror plot suspects remanded in custody
Facebook tops Google as most visited site in U.S.
WikiLeaks backers say Zimbabwe websites shut down
Trafficking report threatens Kosovo-Serbia talks: Thaci
Swedish neo-Nazi jailed for Auschwitz sign theft
South Korea names crisis chief to boost defense against North |
Danish terror plot suspects remanded
Bolivians in streets to protest fuel hikes |
Khodorkovsky gets 14-year jail term
Cubans stock up as reforms take toll on ration |
Forced evacuations as many flee Australian floods
S.Korea reports first bird flu outbreak since 2008
US-ENTERTAINMENT Summary
Shanghai keeps five foreign Expo pavilions
John Mellencamp and wife separate after 20 years
First days of Sydney Ashes Test a sell-out
"I AM intelligent", protests Paula Abdul
Floods cover vast area of Australia's northeast
Snooki ball drop rescued on Jersey shore
Virus attacks Android phones in China: researchers |
South Korea names crisis chief to boost defence against North
"American Idol" hires Ray Chew as music director
New Zealand honours All Whites after World Cup fairytale
Contestant "haunted" by apparent wrong answer
SKorea names strategist to new NKorea crisis post
Outrage over Michael Jackson autopsy reenactment
Report: Torturing suspects 'the norm' in Indonesia
Plastic bags outlawed in Italy from January 1
Taiwan raises rates on NCDs after rate hike
Rare treat: NKorea screens 'Bend it Like Beckham'
S.Korea Dec inflation reinforces rate rise view
Oprah aims for "mindful TV" in OWN network gamble
John Mellencamp and wife separate after 20 years |
I AM intelligent, protests Paula Abdul |
Poirot star, golfer McDowell awarded UK honors |
Wave of Baghdad bombings kills Christians
UK says would back force to oust Ivory Coast's Gbagbo |
Grenade attack kills Afghan child, wounds 6
Islamists lead Pakistan strike in political crisis |
Estonia joins euro club riven by crisis, others wary |
Zimbabweans queue to meet South African visa deadline |
New virus threatens phones using Android
Nigerian police arrest 92 over Islamist sect attacks |
India and Iran oil payment impasse still unresolved |
Russia rejects criticism of Khodorkovsky ruling |
Four Thai fishermen missing as boat sinks off Malaysia
Egypt's army resists U.S. pressure to change tack: cables |
Philippine lawmaker to admit drug trafficking: lawyer
Belarus halts OSCE operations after elections |
Global minimum and maximum temperatures
Islamists lead Pakistan strike in political crisis
N.Korea TV airs British soccer film
Rice noodles prompt latest China food scare
Hong Kongers want fair and corruption-free society
Many pin hopes of change to new year
India and Iran oil payment impasse still unresolved
Skype could be designated illegal in China |
Rare treat: NKorea screens 'Bend it Like Beckham'
Craig McCaw to quit as Clearwire chairman |
Taiwan investment in China 'rises sharply in 2010'
Starbucks ups some prices in China
Wi-Lan says patent suit delay to aid settlement talks |
China's top leaders try to ease price concerns
China orders state-owned firms to pay more money
Pakistani c.bank to sell t-bills in outright sale
S.Korea names new trade minister
PM Lee: Singapore GDP grows 14.7 percent in 2010
China orders land hoarding freeze as prices rise
Taiwan sells 5-year govt bonds at 1.11 pct
Pakistan
New virus threatens phones using Android
Most US Internet users have paid for content
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01