MARKETS-ASIA/CLOSE Asia stocks rebound after Beijing slaps curbs on selling

Record ID: 147893

  • Title: MARKETS-ASIA/CLOSE Asia stocks rebound after Beijing slaps curbs on selling
  • Date: 9th July 2015
  • Summary: TOKYO, JAPAN (JULY 9, 2015)(REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE BUILDING (TSE) SIGN READING (English): "TOKYO STOCK EXCHANGE" TOKYO STOCK EXCHANGE ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING TOKYO MARKET CLOSING PRICE AT 19855.50 UP 117.86 TOKYO STOCK MARKET CENTER SEOUL, SOUTH KOREA (JULY 9, 2015) (REUTERS) TRAFFIC PEOPLE WALKING DEALING ROOM AT KOREA EXCH
  • Embargoed: 24th July 2015 13:00
  • Keywords:
  • Location: China
  • Country: China
  • Topics: General
  • Reuters ID: LVA58FPA99AX9B04YOBHY4XJ4KWP
  • Aspect Ratio: 16:9
  • Story Text: Most Asian shares recouped early losses and rose on Thursday (July 9) as China's markets stemmed their rout after Beijing slapped curbs on selling in the latest of a flurry of emergency measures to avert a full-blown crisis.
    In the most drastic step yet to prop up the market, China's securities regulator banned shareholders with large stakes in listed firms from selling. The banking regulator said separately it would allow lenders to roll over loans backed by stocks.
    The Nikkei average rose 0.6 percent to 19,855.50 after falling as much as 3.2 percent to 19,115.20 in the morning.
    Seoul shares erased early losses and closed higher.
    The Korea Composite Stock Price Index (KOSPI) was up 0.6 percent at 2,027.81 points, breaking a four-day losing streak. It fell as low as 1,983.78 early in the session, the weakest level since March 16.
    By the close of trading, the CSI300 index of the largest listed companies in Shanghai and Shenzhen had raced up 6.4 percent, while the Shanghai Composite Index bounced 5.8 percent for its biggest daily percentage gain in six years.
    Hong Kong stocks jumped, snapping a four-day losing streak.
    The Hang Seng index rose 3.7 percent to end at 24,392.79 points, its biggest one-day gain since April 8.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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