国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Asian stocks advance as renminbi snaps decline

By Bloomberg | China Daily | Updated: 2015-08-14 07:53

Asian stocks rose, with the benchmark index climbing from a seven-month low, as China's currency stemmed its plunge after the central bank signaled support.

Inpex Corp, Japan's biggest oil explorer, rose 1.1 percent as crude futures advanced. Foxconn Technology Co, whose products include Apple Inc's iPhone, jumped 8.1 percent in Taipei after earnings beat analyst estimates. SoftBank Group Corp slid 2.6 percent in Tokyo after its biggest investment in Alibaba Group Holdings Ltd tumbled in United States trading.

The MSCI Asia Pacific Index gained 0.1 percent to 138.37 in Tokyo. The People's Bank of China, the central bank, said it supports a strong, stable yuan in the long term after its Tuesday decision to devalue the currency roiled global markets.

The move stalled the dollar's advance and boosted the appeal of sovereign bonds amid speculation that the Federal Reserve may hold off raising US rates for the first time since 2006.

"It's been an overreaction," said Sean Darby, Jefferies Group Inc's chief global equity strategist. "This has been on the agenda for some time. The move is probably a very good adjustment for China in the longer term."

The Shanghai Composite Index climbed 1.8 percent at the close, erasing earlier losses of as much as 1.2 percent. The Hang Seng China Enterprises Index of Chinese mainland companies in Hong Kong and the city's benchmark Hang Seng Index both gained 0.4 percent.

The onshore yuan weakened 0.5 percent, after a two-day loss of 2.8 percent, while the freely traded offshore yuan rebounded 1.1 percent.

The Shanghai Composite Index has fallen 23 percent from its June peak amid concern the nation's economic slowdown is deepening.

Data this month showed producer prices slid in July to the lowest level since 2009 and overseas shipments dropped more than expected. Industrial production and retail sales also missed forecasts last month, according to a report on Wednesday.

"I won't be surprised to see slightly more devaluation in the yuan," Kirk Hartman, who helps oversee about $351 billion as chief investment officer of Los Angeles-based Wells Capital Management, said.

"I would stay a bit away from the market. Long-term, I think China is fine but you have to be prepared for more volatility."

South Korea's Kospi Index advanced 0.4 percent. The nation's central bank held its key interest rate at a record low as it gauges the health of the economy and the impact of China's devaluation. Japan's Topix Index gained 0.1 percent, erasing earlier losses of as much as 0.9 percent. Taiwan's Taiex Index added 0.3 percent. Singapore's Straits Times Index climbed 1.2 percent. Australia's S&P/ASX 200 Index rose 0.1 percent. New Zealand's NZX 50 Index slid 0.3 percent.

Futures on the Standard & Poor's 500 Index dropped 0.2 percent. The underlying index rose 0.1 percent on Wednesday after erasing losses of as much as 1.5 percent.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
赤城县| 阿合奇县| 乐都县| 白河县| 攀枝花市| 荆门市| 绥化市| 吉木萨尔县| 锡林郭勒盟| 大田县| 邮箱| 龙门县| 长兴县| 泾阳县| 贵溪市| 房产| 红安县| 巨鹿县| 长沙市| 元氏县| 临澧县| 尼勒克县| 常德市| 伊宁市| 松溪县| 盐源县| 宣武区| 闵行区| 丰都县| 镇沅| 惠安县| 平昌县| 积石山| 涟水县| 许昌市| 同德县| 赤城县| 新昌县| 鄱阳县| 乐业县| 镇远县|