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Hong Kong stocks advance after strong U.S. leadExternal Link

HONG KONG (MarketWatch) -- Hong Kong stocks rebounded Thursday morning, poised to snap a five-day losing streak, following an overnight rally in the U.S. markets. The Hang Seng Index advanced 1.2%. Energy stocks added to previous gains as international oil prices continued to rebound. PetroChina Co. Ltd. rallied 3.5%, Cnooc Ltd. jumped 3.3%, China Petroleum & Chemical Corporation climbed 2.7%, and Kunlun Energy Co. Ltd. tacked on 2.6%. Mainland Chinese banks also posted solid gains, with China Minsheng Banking Corp., Ltd. rising 2.5%, China Merchants Bank Co., Ltd. moving up 2.4%, China Citic Bank Corporation Ltd. improving by 1.9%, and Industrial and Commercial Bank of China Ltd. heading 1.7% higher. Over on the mainland, the Shanghai Composite Index slipped 0.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Thu, 18 Dec 2014 01:45:32 GMT
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Japan stocks climb after Wall Street rallyExternal Link

HONG KONG (MarketWatch) -- Japan stocks pushed higher Thursday morning, after the U.S. markets posted their best one-day gains of this year overnight. The Nikkei Average climbed 2.2%, with the broader Topix up 2.5%. The yen weakened significantly, trading at ¥118.87 against the dollar from ¥117.07 in the previous day. Stocks advanced across the board, with auto makers among the biggest gainers. Mazda Motor Corp. soared 4.1%, Toyota Motor Corp. spiked 3.8%, Nissan Motor Co., Ltd. jumped 3.7%, and Honda Motor Co., Ltd. improved by 2.9%. Among tech exporters, camera maker Olympus Corp. leapt 3.3%, electronics giant Toshiba Corporation climbed 3.1%, and semiconductor firm Renesas Electronics Corporation headed 3% higher. In Australia, stocks also tracked the overnight rally in the U.S. markets, with the S&P/ASX 200 rising 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Thu, 18 Dec 2014 00:34:05 GMT
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U.S. investigators say North Korea behind Sony hack: reportsExternal Link

SAN FRANCISCO (MarketWatch) -- U.S. investigators have determined that hackers working for North Korea were behind the hack of Sony Pictures, according to media reports late Wednesday. CNN reported that U.S. law enforcement officials could make a formal announcement as early as Thursday. CNBC said officials believe the attack originated outside of North Korea but was directed by the government. "We have found linkage to the North Korean government," an unnamed U.S. government source told CNBC. Unnamed senior administration officials told the New York Times that the North Korean government was "centrally involved" with the hack of Sony Pictures computers. Sony Pictures officially pulled the Dec. 25 release date of the movie "The Interview" on Wednesday, fearing threats to moviegoers and theaters showing the comedy that depicts an assassination attempt of North Korean leader Kim Jong-Un. Sony Pictures is a division of Sony Corp.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 17 Dec 2014 23:33:45 GMT
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Sony says it will pull 'The Interview' from theatersExternal Link

LOS ANGELES (MarketWatch) -- Sony Pictures Entertainment said Wednesday it would cancel the Christmas Day release of "The Interview," the subject of recent hack attacks and violent threats against the company and theater owners, the Wall Street Journal reported. Sony decided to make the move after four of the nation's largest theater chains said they would not show the film on the Dec. 25 release date. It was not clear when or whether the movie would be rescheduled. The film, about two hapless fictional television journalists who are called upon by the CIA to assassinate the real-life leader of North Korea, Kim Jong-un, has been the subject of hack attacks against Sony that have proven damaging to the film studio and its executives.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 17 Dec 2014 22:15:11 GMT
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Marathon Oil sees next year's capex about 20% below 2014External Link

NEW YORK (MarketWatch) -- Marathon Oil Corp. said it expects its 2015 capital expenditures budget to be about $4.3 billion to $4.5 billion, or about 20% below 2014 levels. Meanwhile, given the continuing "dynamic change" in oil prices, and the expected impact on oilfield service costs, the company said it needs extra time to finalize next year's budget. The company is expecting to announce details of the budget in February. On Wednesday, crude oil futures rose 1%, but were still down about 47% over the past six months. Marathon's stock, which edged up 0.3% in after-hours trade, has lost 24% this year through Wednesday's close, compared with an 8.9% gain in the S&P 500.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Wed, 17 Dec 2014 22:12:25 GMT
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