![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Newcrest Mining Limited | ASX:NCM | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.51 | 23.35 | 23.50 | 0.00 | 01:00:00 |
By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Most Asian stocks rose Wednesday as a higher finish overnight for U.S. equities and gold prices encouraged buyers, and with Japanese shares rebounding after a three-day losing streak as the yen weakened.
Stocks in Hong Kong and Shanghai dropped amid worries about the strength of the economic recovery in China.
The advance followed a surprisingly strong increase in U.S. housing starts and better-than-expected earnings from companies including as Coca-Cola Co. (KO) and BlackRock Inc. (BLK) that spurred major stock indexes on Wall Street to gains of at least 1.1% overnight.
"Following a string of gloomy global economic data and a near meltdown in commodities, equity investors seem determined to cling to the coattails of the American dream and are once again bouncing to the tune of an expected continuation of monetary stimulus," said CMC Markets sales trader Niall King.
Australia's S&P/ASX 200 gained 1.1% while South Korea's Kospi and Taiwan's Taiex edged 0.1% higher each.
Hong Kong's Hang Seng Index fell 0.5% for its fourth straight day of losses, and the Shanghai Composite Index eased 0.1%.
Japan's Nikkei Stock Average jumped 1.2%, as the U.S. dollar climbed back above Yen98, and after Credit Suisse on Tuesday raised its rating on Japanese equities to overweight.
Gains in Tokyo also took support from the International Monetary Fund's upgrade of the country's economic growth outlook for 2013 to 1.6%, applauding Japan's aggressive new monetary easing, even as it downgraded U.S. forecasts.
Shares of Sony Corp. (SNE) climbed 2.3%, Mizuho Financial Group Inc. (MFG) rose 2.4% shipping firm Kawasaki Kisen Kaisha Ltd. gained 4.3% and Mazda Motor Corp. (MZDAY) spiked 5.9% in a bounce spread across sectors.
"Risk sentiment as suggested by U.S. stock markets is unlikely to deteriorate sustainably. ... Any further weakening of Chinese growth expectations may result in renewed easing expectations," said strategists at Crédit Agricole.
"We remain of the view that dips [in U.S. dollar versus the yen] should be bought, as the pair is ultimately still set to move higher," they said.
Shares of Nomura Holdings Inc. (NMR) dropped 2.3% after Italian police froze 1.8 billion euros ($2.35 billion) in funds from a unit of the investment bank as part of an investigation into Banca Monte dei Paschi di Siena . The case stems from a structured-products transaction that the Nomura unit worked on with Monte dei Paschi.
Telecommunications firm Softbank Corp. (9984.TO) edged up 1.2%, following heavy losses Tuesday after Dish Network Corp. (DISH) trumped its takeover bid for U.S. firm Spring Nextel Corp. (US-S)
Worries about China's economic momentum weighed on trading in Hong Kong and Shanghai after the mainland's first-quarter gross domestic product growth disappointed earlier in the week.
Shares of luxury-goods maker Prada S.p.A. (PRDSY) lost 2.3%, while footwear major Belle International Holdings Ltd. (BELLY) gave up 1.1%.
Among resource stocks, a few gold-linked names saw a mild recovery after recent losses, with gold miner Newcrest Mining Ltd. (NCMGY) climbing 0.6% as gold futures settled higher overnight. In Hong Kong, Chow Tai Fook Jewellery Group Ltd. (CJEWY) rose 1.5%.
BHP Billiton Ltd. (BHP) fell 0.3% in Australia after reporting that its iron-ore output increased less than expected in the fiscal third quarter.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Newcrest Mining Chart |
1 Month Newcrest Mining Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions