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Hong Kong shares flat, China set for 5th straight loss (Reuters - 26/06/2012)

Hong Kong shares were flat by midday on Tuesday, with strength in defensive sectors offsetting weakness in Chinese banking majors in a sign investors are opting for safety, expecting the euro zone debt debacle to worsen in the near term. The Macau gaming

China End-March Public Debt Rises: SAFE (RTT News - 26/06/2012)

China's public debt increased to $751.3 billion at the end of March, the State Administration of Foreign Exchange (SAFE) said Tuesday. The "registered" foreign debt amounted to $480.2 billion. Outstanding short-term debt stood at $557.7 billion during

Singapore's Manufacturing Output Recovers In May (RTT News - 26/06/2012)

Singapore's manufacturing output recovered at a faster than expected pace in May, data from the Economic Development Board showed Tuesday. Manufacturing output rose 6.6 percent in May from a year ago, reversing the prior month's 0.2 percent drop. The

Malaysian Q1 2012 scrap imports up by 1.2pct YoY (Steelguru - 26/06/2012)

According to data, Malaysia imported 362,000 tonnes of scraps in the first quarter of 2012, rising by 1.2% YoY. Among them, 98,000 tonnes were from the US, increasing by 7.6% YoY; 95,000 tonnes were from Singapore, soaring by 61.8% YoY; 30,000 tonnes

China logistics expense in Jan to May grew by 12pct YoY (China Knowledge - 26/06/2012)

China Knowledge quoted according to figures from the National Development and Reform Commission, China total logistics expense grew 12% YoY to CNY 3.4 trillion in the first five months of this year. The growth rate was 0.2 percentage points higher than

China daily crude steel output rises to 2 million tonnes - CISA (Steelguru - 26/06/2012)

Reuters quoted data from the China Iron and Steel Association said China steel mills produced an average of 2 million tonnes of crude steel a day over the June 1-10 period, edging back to the record levels reached in early May as large mills ramped up

Cash rates ease after RBI's open market operations on Friday (The Economic Times - 26/06/2012)

India's overnight cash rates fall to 8.05/8.10 percent versus 8.15/8.25 percent last close following cash inflows of Rs 112.88 billion from the RBI's open market operations on Friday. Traders say cash conditions have also improved as some of the advance

Nifty seen opening soft on weak global cues; Essar Oil eyed (The Economic Times - 26/06/2012)

The 50-share Nifty is expected to open soft on Tuesday, tracking negative Asian markets as investors see little reason to be cheerful about a European Union summit due later this week. The Gujarat High Court on Monday rejected Essar Oil Ltd's plea for

China’s Stocks Drop for Fifth Day on Growth, Europe Debt Concern (Bloomberg - 26/06/2012)

China’s stocks fell for a fifth day, the longest losing streak in six months, after HSBC Holdings Plc cut its China economic growth forecast and concern grew European leaders will fail to tame the region’s debt crisis. Yanzhou Coal Mining Co. (600188)

China Leading Index Up 1.1% In May: Conference Board (RTT News - 26/06/2012)

China's leading indicator of economic activity increased 1.1 percent on month in May to 235.1, the Conference Board said Tuesday. This followed a 0.9 percent increase in April and a 0.8 percent increase in March. The uptick was driven by the rebound in

Hang Seng up 0.09pc at open (The Standard - 26/06/2012)

Hong Kong stocks inched up in early trade, climbing 0.09 percent, despite falls on Wall Street and in Europe amid worries over the eurozone debt crisis. The benchmark Hang Seng Index was up 17.03 points to 18,914.48 in the first few minutes of trad

Private sector banks gain market share (Business Standard - 26/06/2012)

Private sector banks have steadily gained market share in saving accounts, even before the central bank freed interest rate for that segment. A report by Kotak Securities points out that private sector banks have gained market share by 500 basis points

Pre-market: Markets likely to drift lower (Business Standard - 26/06/2012)

The markets could drift lower in trade today tracking global cues. On the domestic front, the measures announced by the government on Monday to stem the rupee’s fall and boost sentiment had failed to meet market expectations. This, coupled with the F&O

Sensex opens flat (The Hindu Business Line - 26/06/2012)

Indian benchmark indices, the Sensex and the Nifty, opened the session flat on Tuesday due to volatile trade in the Asian markets. At 9.15 a.m., the 30-share BSE index Sensex was down 9.07 points or 0.05 per cent at 16,873.09 and the 50-share NSE index

KL shares bearish at mid-morning (Business Times - 26/06/2012)

Share prices on Bursa Malaysia remained bearish at mid-morning today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) in negative territory. The FBM KLCI was down 1.93 points to 1,601.19 at 11.08am. Dealers said growing scepticism that the European

Nikkei falls to one-week low on EU summit doubts (Reuters - 26/06/2012)

Japan's Nikkei share average fell to a one-week low in early deals on Tuesday on scepticism that this week's European summit will produce any significant progress to tackle the currency bloc's debt crisis. The Nikkei lost 0.7 percent to 8,671.82, and the

Brazilian Consumer Sentiment Weakens In June (RTT News - 26/06/2012)

Brazil's consumer confidence deteriorated for the second consecutive month in June, data released by the Getulio Vargas Foundation showed Monday. The consumer confidence index dropped to 123.5 in June from 127.1 in May, which was lower than April's

Mexico Trade Surplus Falls In May (RTT News - 26/06/2012)

Mexico's merchandise trade surplus decreased from last year in May, and came in below economists' expectations, preliminary data released by statistical office INEGI showed Monday. The trade surplus dropped to $363 million in May from $538 million in the

Asia Stocks Drop on Concern Euro Summit Won’t Tame Crisis (Bloomberg - 26/06/2012)

Asian stocks fell for a fourth day on concern a meeting of European Union leaders this week will fail to tame the region’s debt crisis. BHP Billiton Ltd. (BHP), the world’s largest mining company, slid 1.2 percent as investors sold shares with earnings

US stocks sink ahead of EU summit (Business Times - 26/06/2012)

US stocks tumbled Monday as Europe's leaders appeared still-divided on how they will address their crisis in the coming crunch summit for the eurozone. At the close the Dow Jones Industrial Average was down 138.12 points (1.09 percent) to 12,502.66 at

Sensex in narrow range; TCS, ONGC, Tata Power move up (Money Control - 26/06/2012)

Indian equity benchmarks remained in a narrow range around their previous closing values. The market seemed to be priced in weak global cues and yesterday's less than expected measures announced by the RBI. It may still be hoping that the government will

Sensex ends flat (The Hindu Business Line - 26/06/2012)

Indian markets ended the day flat, a day after the RBI introduced measures to stabilise the currency. The NSE Nifty closed at 5,121, up 0.1 per cent from its previous close. The BSE Sensex ended the day at 16,907, up 0.1 per cent from its previous close.

BSE Sensex closes flat in choppy trade (Business Today - 26/06/2012)

The BSE Sensex on Tuesday closed flat amid choppy trade ahead of the expiry of the June Futures and & Options series on Thursday. The 30-scrip index of the Bombay Stock Exchange (BSE) closed at 16,906.58 points, up 0.14 per cent, or just 24.42 points,

BSE Sensex falls as rupee measures disappoint (Reuters - 26/06/2012)

The BSE Sensex fell 0.7 percent on Monday, after government measures to help prop up the rupee from recent record lows failed to bolster investor sentiment, who were hoping more extensive action. India announced a series of measures on Monday, including

China Shares Fall 1.6% (The Wall Street Journal - 25/06/2012)

China shares ended at a 23-week low as Asian stock markets were weighed down by investors' doubts about whether European leaders will take effective action against debt problems at a summit later this week. The China Shanghai Composite dropped 1.6% to

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