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Author Archives: Shamim Akhter

South Korean stocks fall 0.99% at noon, KOSPI sinks 19.67pts

SEOUL: South Korean stocks fell 0.99 percent Friday as investors joined the global selloff stemming from the disappointing stimulus measures by the European Central Bank (ECB). The local currency gained ground sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 19.67 points to 1,974.4. Trade volume was slim at 370.9 million shares worth 3.2 trillion ... Read More »

Tokyo stocks flat by mid session, Nikkei 225 slips 1.92%

TOKYO: Tokyo stocks ended Friday morning sharply lower, extending a global equities rout after the European Central Bank’s revised stimulus plan fell short of expectations. Wall Street fell on Thursday, following European markets downward after the ECB decided not to expand the size of its bond purchase programme as hoped and lowered its deposit interest rate by less than expected. ... Read More »

China stocks decline at lunch time, Shanghai Composite drops 1.2%

  BEIJING: China stocks fell on Friday as investors grew cautious after four straight days of gains, and Hong Kong shares followed in a broad-based morning sell-off. That still leaves markets up for the week so far but still short of recovering from a sharp crash last Friday which left benchmark indexes down around 5 percent for the week. The ... Read More »

Hong Kong stocks plunge by break, Hang Seng drops 1.1pc

HONG KONG: The Hang Seng index dropped 1.1 percent, to 22,164.88 points, led by the Hong Kong China Enterprises Index which lost 1.6 percent, to 9,832.59. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 141.39. A value above 100 indicates Shanghai shares are pricing at a premium to shares in the same company ... Read More »

South Korean stocks retreat at open, KOSPI plummets 14.35pts

SEOUL: South Korean stocks got off to a weak start Friday following overnight losses in the global equity markets as the European Central Bank (ECB) came up with disappointing stimulus measures. The benchmark Korea Composite Stock Price Index (KOSPI) lost 14.35 points, or 0.72 percent, to 1,979.72 in the first 15 minutes of trading. The ECB said it will extend ... Read More »

US stocks tumble at end of trade, S&P 500 drops 29.88pts

LONDON: U.S. stocks sold off on Thursday, pushing both the Dow industrials and the S&P 500 further into negative territory for the year, after the European Central Bank unveiled a smaller-than-expected expansion of its monetary stimulus program. The drop came amid a sharp surge in the euro and a selloff in government bonds and European stocks, while Federal Reserve chief ... Read More »

Hong Kong stocks advance at end of trade, Hang Seng surges 0.4pc

HONG KONG: Hong Kong stocks rose on Wednesday, bolstered by financial and property shares as well as a sharp rebound in blue-chips in mainland China. But gains were capped by downbeat U.S. manufacturing data which raised questions about the U.S. economy and the pace of expected interest rate rises by the Federal Reserve. The Hang Seng index ended up 0.4 ... Read More »

Hong Kong stocks open higher, Hang Seng Index edges up 0.3%

HONG KONG: The Hang Seng Index edges up 0.3% higher to 22,442 Wednesday on positive investor sentiment that the Fed might delay raising U.S. interest rates in December. Federal Reserve chairwoman Janet Yellen is expected to give a speech later Wednesday about the rates decision. Property stocks rose after data released Tuesday showed new home prices in mainland China increased ... Read More »

Illegal cigarettes makes up 13.4% share in Q2 illegal trade of 2015: Customs data  

SOFIA: Rumyana Bachvarova, Bulgarian Deputy Prime Minister for Coalition Policy and Public Administration and Minister of Interior, held a working meeting at the ministry building with representatives of the five leading tobacco companies in Bulgaria. Market research ordered by the five companies was presented at the meeting, the press centre of the ministry announced. Illegal cigarettes made up a 13.4% ... Read More »

Microsoft launches Lumia 950, 950 XL in India

NEW DELHI: Microsoft has launched the Lumia 950 and Lumia 950 XL in India. The Lumia 950 is priced at Rs 43,699 while the Lumia 950 XL is priced at Rs 49,399. Both these devices come in dual sim variants and will go on sale starting December 11 via Amazon India, Reliance Digital stores and Microsoft Priority sellers.Users who pre-order ... Read More »

South Korean stocks jump 1.6% at end, KOSPI boosts 31.96pts

SEOUL: South Korean stocks jumped 1.6 percent Tuesday as investors hunted for bargains after the previous day’s steep fall, picking up auto, steel and other large-cap shares. The local currency rose slightly against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 31.96 points to 2,023.93. This followed a 1.82 percent plunge on Monday. Trade volume was ... Read More »

Australian stocks surge at end of trade, S&P 200 up 99.6pts

PERTH: The Australian sharemarket has sailed through the latest official cash rate decision unscathed, ending higher after broad-based gains led by the banks. At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index was up 99.6 points, or 1.93 per cent, at 5266.1, while the broader All Ordinaries index climbed 94.4 points, or 1.81 per cent, to 5312.6. As ... Read More »

US dollar sheds 122 yen in early trade

LONDON: The U.S. dollar fell to the upper 122 yen zone Tuesday morning in Tokyo on selling by Japanese exporters. At noon, the dollar fetched 122.73-74 yen compared with 123.07-17 yen in New York and 122.82-84 yen in Tokyo at 5 p.m. Monday. The euro was quoted at $1.0580-0582 and 129.86-87 yen against $1.0560-0570 and 129.98-130.08 yen in New York ... Read More »

New Zealand dollar strenghtens against major currencies in Asian trade

WELLINGTON: The New Zealand dollar strengthened against the other major currencies in the Asian session on Tuesday. The NZ dollar rose to nearly a 6-month high of 1.5931 against the euro and more than a 4-week high of 81.71 against the yen, from yesterday’s closing quotes of 1.6037 and 80.99, respectively. Against the US and the Australian dollars, the kiwi ... Read More »

Tokyo stocks advance at open, Nikkei 225 adds 121.31pts

TOKYO: Tokyo stocks advanced in early trading on Tuesday as investor sentiment was lifted by the US dollar’s rise against the yen, which in turn buoyed exporter issues. As of 9.15 a.m. (local time), the 225-issue Nikkei Stock Average added 121.31 points (0.61 percent) from Monday to 19,868.78, Xinhua reported. The broader Topix index of all First Section issues on ... Read More »

European stocks: Stoxx Europe 600 records three-month high at end

ROME: European stocks pulled off a second monthly advance on bets the region’s central bank will increase stimulus at this week’s meeting. The Stoxx Europe 600 Index rallied to a three-month high, taking its November gain to 2.7 percent. Auto-related shares rose the most on Monday as the weakening euro is seen helping exporters. Economists surveyed by Bloomberg unanimously predict ... Read More »

DJI launches Osmo camera in India at Rs 69,990

KOLKATA: DJI has launched the Osmo camera in India and has priced it at a whopping Rs 69,990. The camera is priced at $649 in the US, which makes it almost Rs 26,000 (approx) more expensive here in India. Osmo is an integrated camera and handheld stabiliser that makes use of DJI’s three-axis gimbal stabilisation technology. It removes the shake ... Read More »

QiKU Q Terra launched in India at Rs 19,999

MUMBAI: QiKU, pronounced ‘chi-koo’, a venture between China’s QiKU 360 and Coolpad, launched the QIKU Terra smartphone in India today. The smartphone is priced at Rs 21,999 in the open sale, which is available without an invite. However, with an Q-Invite, the device will be available at Rs 19,999 respectively. The company will start sending out Q-Invites from December 5 ... Read More »

Microsoft launches Lumia 950 Dual SIM, Lumia 950 XL Dual SIM in India

MUMBAI: Microsoft, as promised, launched its first Windows 10 Mobile handsets – the Lumia 950 Dual SIM and Lumia 950 XL Dual SIM in India. The new Lumia flagships will be available from December 11 with ‘best buy’ prices of Rs. 43,699 and Rs. 49,399 respectively. Pre-order bookings start Monday, and the smartphones will be available to buy both online ... Read More »

Hong Kong stocks slip at end of trade, Hang Seng plunges 0.3%

HONG KONG: Hong Kong stocks dipped on Monday, with investor sentiment soothed after mainland markets ended a volatile session in positive territory. The Hang Seng Index fell 0.3 percent, to 21,996.42, while the China Enterprises Index lost 0.7 percent, to 9,790.64 points. For the month, the Hang Seng declined 2.8 percent. Last week, Hong Kong stocks posted their biggest weekly ... Read More »