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Asian shares

Asian shares rise after record highs on Wall Street

SHANGHAI: Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the U.S. economy and job growth. Powell's comments, which were in line with market expectations, helped to push the index.SPX and Nasdaq Composite.IXIC to record highs on Friday, cementing the S&P's longest-running bull market, as defined by some investors. In early Asian trade on Monday, S&P500 E-mini futures…

Asian shares lower on Fed

Hong Kong: Asian markets eased Thursday, following a lead from Wall Street, as investors looked to next week's Federal Reserve policy meeting with speculation growing that the bank will cut its stimulus programme. Tokyo fell 1.12 per cent, or 173.24 points, to close at 15,341.82, while Seoul slipped 0.51 per cent, or 10.04 points, to 1,967.93 and Sydney ended 0.82 per cent, or 41.7 points, lower at 5,062.5. Shanghai closed a tad lower, dipping 1.37 points to 2,202.80 while Hong Kong lost 0.51 per cent, or 120.12 points, to…

Asian shares subdued, nerves frayed ahead of US jobs

Sydney: Asian markets steadied on Friday as Japanese shares recouped early losses, though investors were pensive ahead of jobs data that could make or break the case for an imminent scaling back in US stimulus. Defying a soft finish on Wall Street, Tokyo's Nikkei edged up 0.2 percent in morning trading, recouping a little of the 3.6 percent loss suffered in the previous two sessions. Dealers said offshore investors remained buyers of exchange-traded funds and index heavyweights such as Softbank in the firm belief the…

Shanghai hit by IPO fears: Asian shares

Hong Kong: Asian markets mostly fell on Monday, with Tokyo hit by profit-taking, while Shanghai tumbled on expectations China will restart initial public offerings in the New Year, raising fears of a share glut. Investors seemed broadly unmoved by upbeat figures showing Chinese manufacturing continuing to expand in November. Tokyo ended flat, edging down 6.80 points, to 15,655.07, a second successive loss after hitting a near six-year high on Thursday. Sydney fell 0.76 per cent, or 40.5 points, to 5,279.5, its lowest close…