WELLINGTON, March 14 (Reuters) - Asian stocks will probably
open weaker on Monday as investors look for more detail on the
impact and cost of the deadly quake and tsunami, and
nuclear-power crisis, which have struck Japan.
The Tokyo Stock Exchange, Japan's biggest bourse, and the Osaka Securities Exchange have said they will open as usual.
The Bank of Japan has also said that its bank settlement system is operating normally, with a promise that massive mounts of liquidity will be made available to help markets stable.
Japanese stock futures fell 3.3 percent on Friday after the massive earthquake rattled Japan's northeast, but market players have said the share slide may not be too deep because major cities and manufacturing facilities were not affected. See
Nikkei futures traded in Chicago fell 2.86 percent to close 165 points below the Osaka .
The yen, which soared on Friday after the quake as investors sought safety, may rise further this week if there is a selling of foreign assets to raise cash.
In early Asia-Pacific trade, the yen was around 1 percent stronger on the dollar at 80.71. A rise in the yen will hurt Japanese exporters.
On Wall Street, the main indexes closed 0.5 percent to 0.7 percent higher on relief that planned political demonstrations in top oil producer Saudi Arabia did not eventuate.
U.S. markets initially fell after the Japanese earthquake but then reversed losses and notched gains as investors shook off fears about the likely impact on the world's third biggest economy.
Asian stocks listed on Wall Street fell 0.5 percent.
Both British and European shares closed lower -- 0.3 percent and 0.8 percent respectively -- with the Japanese earthquake weighing on sentiment and knocking insurance stocks in particular.
Australian stocks are seen mixed with support from Wall Street's gains and the euro zone's move to bolster its bailout fund, countering the impact of the Japanese quake. Share price index futures rose 0.2 percent at 4,639, a 5.8 point discount to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Japan scrambles to avert nuclear meltdown > Oil, Japan to keep stock investors wary
> Loss of Japan demand to pressure oil, metals
> Japan to open Monday, on guard for manipulation > Insured losses from Japan quake could hit $35 bln > Can Japan find 'New Deal' after triple whammy? > Gaddafi offensive takes town, will 'bury' rebels > Euro zone leaders agree to strengthen bailout fund > Dollar could slide if Japanese dump foreign assets > US lawmakers confident on short-term budget deal > S.Korea secures Abu Dhabi oil in huge deal > US senator: 'put the brakes' on nuclear plants > China Everbright names 10 banks for $6bln HK float > TNK-BP partners step up feud over BP-Rosneft pact > Slim mining margins may cloud Glencore's IPO value
- -
KEY INDEXES pct change
Bank of New York Asia ADR index -0.46
Dow Jones Industrial Average +0.50
Nasdaq Composite Index +0.54
Nikkei futures in Chicago 10,005
Nikkei futures in Osaka 10,170
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Bank of Japan two day policy meeting starts
- Revised industrial output, January
- Consumer confidence for February
HONG KONG - BYD Company Ltd and BYD
electronic (International) Co Ltd
final results
- Hong Kong Exchange Fund foreign assets,
February.
(Reporting by Gyles Beckford)
((gyles.beckford@reuters.com; +64-4-4714231; Reuters Messaging: gyles.beckford.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Tokyo Stock Exchange, Japan's biggest bourse, and the Osaka Securities Exchange have said they will open as usual.
The Bank of Japan has also said that its bank settlement system is operating normally, with a promise that massive mounts of liquidity will be made available to help markets stable.
Japanese stock futures fell 3.3 percent on Friday after the massive earthquake rattled Japan's northeast, but market players have said the share slide may not be too deep because major cities and manufacturing facilities were not affected. See
Nikkei futures traded in Chicago fell 2.86 percent to close 165 points below the Osaka .
The yen, which soared on Friday after the quake as investors sought safety, may rise further this week if there is a selling of foreign assets to raise cash.
In early Asia-Pacific trade, the yen was around 1 percent stronger on the dollar at 80.71. A rise in the yen will hurt Japanese exporters.
On Wall Street, the main indexes closed 0.5 percent to 0.7 percent higher on relief that planned political demonstrations in top oil producer Saudi Arabia did not eventuate.
U.S. markets initially fell after the Japanese earthquake but then reversed losses and notched gains as investors shook off fears about the likely impact on the world's third biggest economy.
Asian stocks listed on Wall Street fell 0.5 percent.
Both British and European shares closed lower -- 0.3 percent and 0.8 percent respectively -- with the Japanese earthquake weighing on sentiment and knocking insurance stocks in particular.
Australian stocks are seen mixed with support from Wall Street's gains and the euro zone's move to bolster its bailout fund, countering the impact of the Japanese quake. Share price index futures rose 0.2 percent at 4,639, a 5.8 point discount to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Japan scrambles to avert nuclear meltdown > Oil, Japan to keep stock investors wary
> Loss of Japan demand to pressure oil, metals
> Japan to open Monday, on guard for manipulation > Insured losses from Japan quake could hit $35 bln > Can Japan find 'New Deal' after triple whammy? > Gaddafi offensive takes town, will 'bury' rebels > Euro zone leaders agree to strengthen bailout fund > Dollar could slide if Japanese dump foreign assets > US lawmakers confident on short-term budget deal > S.Korea secures Abu Dhabi oil in huge deal > US senator: 'put the brakes' on nuclear plants > China Everbright names 10 banks for $6bln HK float > TNK-BP partners step up feud over BP-Rosneft pact > Slim mining margins may cloud Glencore's IPO value
- -
KEY INDEXES pct change
Bank of New York Asia ADR index -0.46
Dow Jones Industrial Average +0.50
Nasdaq Composite Index +0.54
Nikkei futures in Chicago 10,005
Nikkei futures in Osaka 10,170
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Bank of Japan two day policy meeting starts
- Revised industrial output, January
- Consumer confidence for February
HONG KONG - BYD Company Ltd and BYD
electronic (International) Co Ltd
final results
- Hong Kong Exchange Fund foreign assets,
February.
(Reporting by Gyles Beckford)
((gyles.beckford@reuters.com; +64-4-4714231; Reuters Messaging: gyles.beckford.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.