Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Asian shares gain on upbeat US corporate earnings report

Asian shares gain on upbeat US corporate earnings report

Asian stock markets rose on Monday in morning trade following a global rebound as investors set aside geopolitical concerns to focus on the generally upbeat flow of US corporate earnings ahead of a host of results due this week.

The MSCI Asia Pacific excluding Japan Index climbed 0.3% to 501 as of 9:40 a.m. in Hong Kong. South Korea’s Kospi index added 0.5%. Australia’s S&P/ASX 200 Index gained 0.1%, with trading volume 22% below its 30-day average for the time day.

New Zealand’s NZX 50 Index and Singapore’s Straits Times Index rose 0.2%. Taiwan’s Taiex index increased 0.7%. Hong Kong’s Hang Seng Index gained 0.1%. Markets are closed in Japan for a holiday.

Russian President Vladimir Putin is facing intensified international pressure to respond to claims that Malaysia Airlines flight MH17 was downed using a missile system supplied by his nation’s military.

Circumstantial evidence suggests that Russia provided the missile that Ukrainian rebels used to shoot down the jetliner on 17 July, killing 298 passengers and crew, US Secretary of State John Kerry said in television interviews.

In Gaza, Hamas's armed wing said on Sunday it had captured an Israeli soldier in a nearly two-week military offensive that has killed hundreds of Palestinians and 13 Israeli soldiers.

In corporate news, Hon Hai Precision Industry Co., an assembler of Apple Inc.’s iPhones, surged 2.3% in Taipei, leading technology firms to the largest gain on the regional gauge.

Woori Investment & Securities Co. posted the biggest advance, rising 5.4% in Seoul for a eighth day of gains. China Coal Energy Co., the nation’s second-largest producer, sank 1.7% in Hong Kong after saying it expects profit will drop.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter