Asian Stocks Swing Between Gain, Loss; Sun Hung Kai Drops


30/03/2012 07:53 AST  Bloomberg

Asian stocks swung between gains and losses as the region’s benchmark equity index headed toward its biggest quarterly gain since 2010. Japanese manufacturers slid after the nation’s industrial production unexpectedly fell and investors waited for U.S. data on income and spending.

Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, climbed 1.6 percent after posting earnings that exceeded estimates. Fanuc Corp. (6954), Japan’s biggest maker of factory robots, fell 2.3 percent. Sun Hung Kai Properties Ltd. (16), the world No. 2 real estate company, plunged 12 percent in Hong Kong after the firm’s co-chairmen were arrested in a corruption probe.

For more on this Click Here

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
STC 64 490,732
SAGRINSURANCE 31.11 771,290
SAICO 49.68 799,123
SABIC 83.58 3,871,845
RIBL 17.09 1,801,948
SPIMACO 41.41 381,656
ALMARAI 88.66 230,965
Recent News

US index at peak, European stocks extend gains on Greece, Fed
European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Re

Afriland First Bank officially launches Islamic finance in Cameroon
At an event held at the Hilton Hotel in Yaounde, Cameroon, on 20 February, Afriland First Bank unveiled its suite of Islamic finance products.

For more than 10 years, First Bank has been a

Once-bullish fund managers start to capitulate on oil prices
Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including const

Dollar still falls and euro to Azerbaijani manat rises
The Central Bank of Azerbaijan has allowed decreasing the exchange rate of the US dollar and increasing the rate of euro and other soft currencies.

The CBA informs that on 29 March 2015 th

DFM stocks lifted as Yemen fears subside
Stocks in Dubai rose on Sunday as investors’ concerns about an escalation of the conflict in Yemen diminished.

Arabtec, the UAE’s biggest publicly traded construction company, and Dubai Fi

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?