Taiwan: Stocks hit near two-month lows

Taiwan stocks hit their lowest in almost two months on Tuesday in volatile trading, tracking declines in some other regional markets, with a recovery in some heavyweights such as TSMC limiting the falls.

The main Taiex index was down 0.14 per cent at 8934.51 at 0315 GMT. It had dipped to as low as 8,885.55 earlier in the session, an intraday level not seen since July 15.

Taiwan's market sentiment has been cautious, in part prompted by massive foreign selling. The electronics subindex sank 0.3 per cent, while the financials subindex lost 0.7 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker and the market's most heavily-weighted share, dipped nearly 1 per cent but recovered later.

The Taiwan dollar firmed NT$0.091 to NT$31.625 per US dollar.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Taiwan: Stocks near one-week low as Apple suppliers drag

Taiwan stocks fell to about a one-week low on Friday as TSMC and other Apple Inc suppliers tracked losses in Apple shares after the iPhone 7 failed to impress Wall Street.

As of 0326 GMT, the main Taiex index fell one per cent to 9,169.69, after closing at 9,262.89 in the previous session.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chip maker, dipped 1.4 per cent. Hon Hai Precision was off 0.9 per cent.

The electronics subindex sank one per cent, while the financials subindex lost 1.2 per cent.

The Taiwan dollar softened NT$0.094 to NT$31.380 per US dollar.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Asia: Stocks decline as Korean shares fall, investors weigh ECB

Asian stocks fell as investors weighed the outlook for monetary policy in the US and Japan after the European Central Bank downplayed the need for more economic stimulus. South Korean shares dropped amid concern North Korea may have conducted a nuclear test.

The MSCI Asia Pacific Index dropped 0.7 per cent to 141.03 as of 10:49am in Tokyo. The measure is heading for a 2.1 per cent advance this week as traders pared bets the Federal Reserve will raise rates at its September meeting while speculation swirled over whether the Bank of Japan will add to already record stimulus.

Shares in the US and Europe fell after ECB chief Mario Draghi played down the prospect of an increase in asset purchases at a time when concern over the impact of Brexit on the euro area is mounting.

"While the ECB disappointed, we could still expect additional stimulus later in the year as there's so much uncertainty in Europe," James Woods, a strategist at Rivkin Securities in Sydney, said by phone.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Australia shares dragged down by banks, basic materials; NZ lower

Australian shares fell to their lowest in close to two months on Thursday as many investors were edgy about global economic prospects, and some encouraging trade data from China did not lift spirits.

All sectors, led by financials and basic materials, wallowed in red seeking cues from global economic events queued up in the day.

The S&P/ASX 200 index was at its lowest since mid-July, down 47.55 points, or 0.9 per cent, at 5376.7 at 0246 GMT. The benchmark rose marginally on Wednesday.

China August trade data, awaited as a gauge of global demand, topped forecasts as imports recorded their first annual rise since late 2014. But that didn't help Australian shares.
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Malaysia: Shares open higher on Thursday

MALAYSIA share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.860 points to 1,691.530.

Volume was 17.496 million lots worth RM7.794 million.

Gainers outnumbered losers 68 to 44.

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Stocks to watch: TEE, Keppel, Marco Polo Marine

THE following listed companies made material announcements before the opening of the Singapore market on Thursday:

TEE International, together with its subsidiaries and associated companies, was awarded new engineering contracts worth about S$95 million from August to September 2016, bringing the group's total outstanding order book to about S$324 million.

Keppel Corp's property arm, Keppel Land, on Wednesday said that it has signed a conditional joint venture agreement with Myanmar conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City.

Marco Polo Marine on Wednesday said that it has appointed KPMG Services as adviser to the group to conduct an independent review, in view of the upcoming maturity date of its notes on Oct 18.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Stocks to watch: CapitaLand Mall Trust, Rickmers, SGX, China Minzhong Food

THE following companies made material announcements before the opening of Wednesday's market:

CapitaLand Mall Trust said that the new Funan mall, when ready in the fourth quarter of 2019, will be a platform that "inspires retail innovation" and offers a "new paradigm" for living, work and play.

Funan will go beyond selling IT products to "incorporating the tech experience throughout the entire integrated development".

The new property will have a total gross floor area (GFA) of 887,000 sq ft. Occupying more than half the GFA at 500,000 sq ft will be the mall, a six-storey retail component which comprises four levels above ground and two basement levels. Three towers will sit above, including two six-storey premium Grade A office towers from Level 5 to Level 10 with a GFA of 266,000 sq ft, and a nine-storey block housing 279 co-living apartment units from Level 4 to Level 12 with a GFA of 121,000 sq ft.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Malaysia: Shares open lower on Wednesday

MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 9.420 points to 1,680.350.

Volume was 40.024 million lots worth RM39.73 million.

Gainers outnumbered losers 92 to 70.

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Seoul: Stocks, won hold steady; Hanjin Shipping rallies

South Korean stocks and won held steady on Tuesday, with early trade in equities dominated by a jump in shares of Hanjin Shipping Co Ltd after the government stepped in with partial financial support for the collapsed carrier.

The Korea Composite Stock Price Index (Kospi) was almost unchanged at 2,060.24 points as of 0204 GMT, after rising the previous day on reduced chance of a September rate increase in the United States following disappointing jobs data.

The won stood at 1,106.6, little changed from Monday's close of 1,105.1.

"Outside issues have pretty much calmed down for now. Therefore, fundamentals in the South Korean market such as signs of economic recovery would be the key for the Kospi's next movement," said Cho Byung-hyun, a stock analyst at Yuanta Securities.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Asia: Shares advance, Australia slips as RBA rate decision awaited

Asian shares edged up on Tuesday as investors awaited the Reserve Bank of Australia's policy meeting in which it is expected to keep interest rates steady.

European stocks touched an eight-month high on Monday, then reversed as trading wound down in the absence of US markets, which were closed for Labor Day.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent.

Australian shares slipped 0.3 per cent ahead of the RBA's announcement at 0430 GMT.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Singapore shares open marginally higher on Tuesday

SINGAPORE stocks opened 0.23 per cent higher on Tuesday, with the Straits Times Index adding 6.51 points to 2,858.25 as at 9am.

Wall Street was closed on Monday for the Labour Day holiday. Trading on US markets will resume on Tuesday.

In Singapore, about 41 million shares worth S$65.6 million in total changed hands. Gainers beat losers 61 to 40.

Top stocks by value traded were StarHub, Global Logistic and SGX.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Stocks to watch: SMRT, Sim Lian, Yangzijiang

THE following companies made material announcements before the opening of Tuesday's market:

SMRT Corporation said that a scheme meeting will be convened on Sept 29, 3.30pm, at The Star Theatre, Level 5 - same day and venue as the NRFF EGM. The latter is the EGM of the company in relation to the proposed sale of its operating assets, in connection with the contemplated transition from the current rail financing framework to the new rail financing framework (NRFF).

The meeting - through a shareholders' vote - will determine if Belford (a 100 per cent owned company of Temasek) will acquire 100 per cent shareholding of SMRT at a scheme price of S$1.68 apiece.

Sim Lian Group (SLG) said that the privatisation offer of the company by Coronation 3G has been declared unconditional.
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Asia: Markets rally as US rate expectations fade

Asian stock markets rallied on Monday as a slowdown in US jobs creation doused expectations for an interest rate hike this month while at the same time showing the world's top economy was still improving.

The much-anticipated reading on Friday showing 151,000 new posts in August was below expectations but indicated hiring remained solid.

Before its release analysts had marked the reading as a guide to the Federal Reserve's plans for monetary policy after the bank's boss Janet Yellen - and later her vice chairman Stanley Fischer - suggested a rate rise could come this year.

While most market-watchers suggested the below-par reading was likely to mean the Fed will hold off moving this month, there are still some who think a hike could still come soon, providing support to the dollar.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Hong Kong: Stocks open higher

Hong Kong stocks rose in the first few minutes of trade Friday as investors brushed off a shock dip in US manufacturing activity and looked ahead to the release of jobs data later in the day.

The Hang Seng Index added 0.33 per cent, or 76.02 points, to 23,238.36.

But the benchmark Shanghai Composite Index slipped 0.19 per cent, or 5.82 points, to 3,057.49 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.15 per cent, or 3.05 points, to 2,014.41.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Asia: Markets mostly down but Tokyo soars on weak yen

Tokyo stocks resumed a rally on Wednesday as the yen fell against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospects of higher borrowing costs in the world's top economy.

Dollar demand has intensified since Federal Reserve boss Janet Yellen on Friday hinted at a possible hike as data point to continued economic improvement.

Figures showing US consumer confidence at its highest level in almost a year provided further evidence of a brighter outlook.

On Tuesday vice chairman Stanley Fischer told Bloomberg TV that any movement in rates was dependent on data, adding that "employment is very close to full employment".Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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South Korea's July factory output rebounds, focus turns to trade

South Korea's industrial output unexpectedly grew in July but the improvement was mainly due to temporary factors, spurring investors to hone in on trade data out on Thursday for further clues on the health of the economy.

In monthly terms, industrial output rose 1.4 per cent in July on a seasonally adjusted basis as production of electronic components and cars boosted activity, data showed on Wednesday.

The median forecast in a Reuters survey of analysts was for output to decline 0.6 per cent from June. June's reading was revised down to minus 0.4 per cent from minus 0.2 per cent estimated earlier.

"We think the bounces in confidence and in IP growth are noise rather than signal and that IP growth remains essentially flat and services are growing around 3 per cent," said Tim Condon, economist at ING. "If IP and services remain at their July level in the remainder of the quarter, we estimate third-quarter growth at 3.0 per cent."Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Taiwan: Stocks fall on weaker overseas markets, technical selling in TSMC

Taiwan stocks fell on Monday tracking weakness in overseas markets and on technical selling in heavyweight chipmaker TSMC.

Most Asian shares slipped in early trade on Monday after Federal Reserve Chair Janet Yellen indicated a possible rate hike in the US later this year.

As of 0244 GMT, the main TAIEX index fell 0.7 per cent to 9,070.84, after closing up 0.2 per cent in the previous session.

The electronics subindex fell 0.7 per cent, but the financials subindex gained 0.1 per cent.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Won, stocks fall on growing chance of Fed rate hike soon

The South Korean won plunged more than 1 per cent against the dollar early on Monday after Janet Yellen's comments on Friday raised the chance the Federal Reserve may raise US interest rates soon, and even twice, by year-end.

The won was quoted at 1,124.1 as of 0214 GMT, down 0.9 per cent from the previous close of 1,113.7. It reached as low as 1,128.5, a one-week intraday low.

Ms Yellen suggested that the US economy has strengthened enough for a rate hike while Fed's No 2 policymaker Stanley Fischer hinted on more than one policy tightening before year end.

"The US August job report due this coming Friday will be closely watched by investors for whether a rate hike as early as next month will actually be possible," said Park Sung-woo, a foreign exchange analyst at NH Futures.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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China, US still in talks on trade pact despite challenges: Chinese commerce official

China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.

China is keen to maintain open markets for its goods as its economy grows at its slowest pace in 25 years, but it faces rising trade tensions as its imports deteriorate faster than exports, setting it up for another record trade surplus.

Last year, the US trade deficit with China was US$336.2 billion, according to the US Trade Representative's office.

Republican presidential candidate Donald Trump threatened on Wednesday to slap tariffs on Chinese products to show Beijing the United States is "not playing games anymore".Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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China's yuan firms vs dollar, focus on Yellen's Jackson Hole speech

China's yuan firmed on Thursday, underpinned by a modest pullback in the dollar index in Asian morning trade though activity remained subdued.

Trading was cautious ahead of the global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen's speech on Friday may offer fresh clues on US monetary policy outlook.

"Signals on US monetary policy trend appear quite mixed of late," said a trader at a European bank in Shanghai.

"So (Chinese) banks choose to take a wait-and-see attitude, not to quote yuan/dollar rates aggressively. As such, the yuan's movements this morning were quite insignificant."Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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