Toshiba Share Price Once Slumps Over 26% The share price of Toshiba has nosedived as Japanese press reported that Toshiba will have to make an impairment which would cost JPY500 billion-700 billion (US$4.37 billion-6.11 billion) for the acquisition by its subsidiary Westinghouse Electric over the US nuclear business. Some report said Toshiba will have to sell off its business and assets. Toshiba issued a statement that the amount of impairment loss is still estimating. The share price of Toshiba once plunged by 26.5% to JPY212; it last stood at JPY233.6, down 19%, on a turnover of over JPY139 billion (US$1.21 billion).
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HSI Falls 136 pts; Oil Stocks Fade The U.S stocks traded mixed last night (18 January) with Dow Jones Industrial Average falling 22 pts or 0.1% at close. Hang Seng Index slightly opened higher 6 pts and retreated afterwards, with a decline of up to 149 pts to bottom at 22,948. The benchmark index finished the morning trade lower 136 pts or 0.6% to 22,961. Hang Seng China Enterprises Index slid 49 pts or 0.5% to 9,753. Shares in TENCENT (00700.HK) -0.200 (-0.100%) Short selling $176.45M; Ratio 9.166% and CHINA MOBILE (00941.HK) -0.100 (-0.116%) Short selling $66.18M; Ratio 8.001% faded 0.4% and 0.3%. HSBC HOLDINGS (00005.HK) +0.250 (+0.386%) Short selling $90.70M; Ratio 7.798% stayed flat at $64.7. CATHAY PAC AIR (00293.HK) -0.420 (-3.882%) ...
SHCI Bottoms out & Rises 0.17% at Close Shanghai and Shenzhen markets opened down this morning. At close, Shanghai Composite Index and Shenzhen Component Index lifted 0.17%/ 1.17% to 3,108/ 9,826; CSI 300 Index closed at 3,326, up 0.21%. ChiNext Index jumped 2.02% to 1,867. Turnover of the two markets shed to RMB355.58 billion.
HSI Hikes 122 pts; STANCHART Rallies 6.9% Trading in the US bourse was suspended last night (16 January) on Martin Luther King Jr. Day. Asia Pacific stocks traded mixed. Hang Seng Index, after opening higher 101 pts, once sagged 7 pts to bottom at 22,710 but reverted up later on to peak at 22,867. It finished the day higher 122 pts or 0.5% to 22,840. Hang Seng China Enterprises Index grew 36 pts or 0.4% to 9,702. Market turnover shrank to $50.679 billion. Before British Prime Minister Theresa May making her speech on Brexit strategies, STANCHART (02888.HK) +4.600 (+6.891%) Short selling $79.06M; Ratio 10.602% soared 6.9% and closed at $71.35, surging above 52-week high; HSBC HOLDINGS (00005.HK) +1.000 (+1.582%) Short selling $61.14M; Ratio 4.514% gained 1.6%. Cheung Kong series of companies, which planned to acquire Australian company...