Hong Kong, July 29, 2015 (AFP)
Shanghai stocks recovered Wednesday after plunging more than 11 percent in the past three sessions but there were mixed results for other Asian markets, with some unable to sustain a morning rally.
Buyers were given a healthy lead from Wall Street, which climbed Tuesday for the first time after five sessions of losses as dealers await a key US Federal Reserve policy meeting later in the day.
Shanghai closed up 3.44 percent or 126.17 points at 3,789.17 on easing concerns about government measures to support share prices instituted at the start of the month to prevent a market meltdown.
Hong Kong rose 0.47 percent, or 115.51 points, to 24,619.45 and Sydney advanced 0.71 percent, or 39.52 points, to end at 5,624.2.
Tokyo ended 0.13 percent, or 25.98 points, lower at 20,302.91 and Seoul was marginally down, shedding 1.48 points to 2,037.62.
The region started with a burst after US and European bourses surged Tuesday after the previous day's losses that were sparked by Shanghai's 8.48 percent Monday plunge -- its worst in eight years.
Wall Street snapped a five-day losing streak thanks to strong earnings from shipping giant UPS as well as a bump in petroleum stocks.
The Dow climbed 1.08 percent, the S&P 500 gained 1.24 percent and the Nasdaq jumped 0.98 percent.
That followed healthy rises in London, Paris and Frankfurt.
"Often when a lot of stocks get washed out, we get a rebound," Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investors, told Bloomberg News.
The US central bank ends a two-day policy meeting on Wednesday and traders will be poring over its comments to get a handle on its plans for raising interest rates.
While expectations are for an increase in either September or December, Naeimi said the events in China and elsewhere would likely have an impact on policymakers' decision-making.
"The Fed will be focused on global conditions. What's happening globally can't be totally ignored," said Naeimi.
On currency markets the dollar eased to 123.44 yen from 123.56 yen in New York, while the euro changed hands at $1.1073 and 136.78 yen against $1.1058 and 136.64 yen.
Oil prices continued to fall on worries about the global economy as well as a worldwide supply glut.
US benchmark West Texas Intermediate for September delivery slipped 14 cents to $47.84 a barrel and Brent crude for September gave up 13 cents to $53.17.
Gold fetched $1,097.75 an ounce compared with $1,091.80 late Tuesday.
In other markets:
-- Taipei fell 0.22 percent, or 19.01 points, to 8,563.48.
Taiwan Semiconductor Manufacturing Co. closed 1.12 percent higher at Tw$135.5 while Hon Hai Precision added 1.67 percent to Tw$91.5.
-- Wellington shed 0.38 percent, or 22.39 points, to end at 5,870.77.
Air New Zealand was up 1.34 percent at NZ$2.65 and Spark lifted 1.22 percent to NZ$2.90.
-- Manila was flat, edging up 3.80 points to 7,482.83.
Philippine Long Distance Telephone was down 0.42 percent at 2,876 pesos, Metrobank gained 0.34 percent to 88.80 pesos and BDO Unibank added 0.91 percent to 99.50 pesos.
dan/tm
<org idsrc="isin" value="US0231351067">Amazon</org>
<org idsrc="isin" value="TW0001301000">Formosa Plastics</org>
<org idsrc="isin" value="NZAIRE0001S2">Air New Zealand</org>
<org idsrc="isin" value="LU0088087324">Astra</org>
<org idsrc="isin" value="TH0003010Z12">Siam Cement</org>
Jakarta- Pada sesi pertama perdagangan Rabu (29/7/2015), Indeks Harga Saham Gabungan (IHSG) ditutup menguat 9,201 poin (0,20%) ke posisi 4.723,957.
Sepanjang perdagangan sesi pertama, indeks mencapai level tertingginya di 4.765,735 atau menguat 50,979 poin dan mencapai level terendahnya 4.722,893 atau menguat 8,137 poin.
Sebanyak 151 saham menguat, 107 saham turun, 83 saham stagnan, dan 216 saham tidak ditransaksikan.
Semua indeks saham masih kompak mendukung penguatan IHSG. Antara lain, indeks saham-saham unggulan LQ45 yang naik 2,001 poin (0,251%) ke angka 798,445; IDX30 naik 1,039 poin (0,252%) ke angka 413,128;
MBX naik 2,084 poin (0,154%) ke posisi 1.353,267; DBX naik 3,409 poin (0,501%) ke angka 684,376; dan saham-saham syariah yang tergabung dalam indeks JII naik 2,973 poin (0,473%) ke posisi 631,601.
Sementara itu, investor asing mencatatkan pembelian saham senilai Rp1,09 triliun dan penjualan saham senilai Rp911,9 miliar. Alhasil, investor asing mencatatkan pembelian saham bersih (net foreign buy) senilai Rp181,8 miliar.
http://pasarmodal.inilah.com/read/detail/2225483/penguatan-ihsg-tersisa-92-poin-ke-4723
Sumber : INILAH.COM
JAKARTA. Indeks Harga Saham Gabungan (IHSG) dibuka menguat pada perdagangan Rabu (29/7) pagi ini. Data RTI menunjukkan indeks naik 0,82% atau 38,453 poin ke level 4.752 pukul 09.10 WIB.
Tercatat 140 saham bergerak naik, 19 saham bergerak turun, dan 40 saham stagnan. Di awal perdagangan pagi ini melibatkan 677 juta lot saham dengan nilai transaksi mencapai Rp 617 miliar.
Penguatan indeks ditopang menghijaunya seluruh indeks sektoral. Indeks sektoral agriculture memimpin penguatan 10 indeks sektoral yakni 2,12%. Selanjutnya, diikuti aneka industri naik 1,44%, dan construction naik 1,26%.
Asal tahu saja, laju IHSG mengikuti penguatan bursa global dipicu tanda-tanda stabilitas bursa saham China.
Indeks MSCI Asia Pacific Index naik 0,4% menjadi 140,85 pada 09:02 pagi di Tokyo. Indeks Topix naik 0,5% menjadi 1,637.23 pada 09:01 pagi di Tokyo, dengan semua kecuali 4 dari 33 kelompok industri meningkat.
Indeks S & P / ASX 200 Australia menguat 0,4% dan Indeks Kospi Korea Selatan naik 0,8%. Indeks NZX 50 Selandia Baru sedikit berubah.
http://investasi.kontan.co.id/news/ihsg-rebound-ikuti-jejak-bursa-global-pagi-ini
Sumber : KONTAN.CO.ID
Bisnis.com, JAKARTA— Indeks harga saham gabungan (IHSG) pada pembukaan perdagangan hari ini, Rabu (29/7/2015) menguat 19,06 poin atau 0,4% ke 4.733,82.
IHSG (4.715)Range: 4.680 -4,750---Indeks ditutup di bawah lower band sehingga berpeluang mengalamitechnical rebound, stochastic oversold sedangkan MACD masih negatif. Targetkenaikan indeks pada level 4.750 kemudian 4.780 dengan support di 4.680 dan4.650.
Sumber : IPS RESEARCH
Tokyo, July 29, 2015 (AFP)
Tokyo stocks opened 0.48 percent higher Wednesday after US stocks snapped a five-day losing streak, while traders await a Fed meeting later in the day.
The Nikkei 225 index at the Tokyo Stock Exchange gained 96.80 points to 20,425.69 at the start.
On Tuesday, US markets posted strong gains with positive earnings from UPS and a big rally in petroleum-linked stocks.
The Dow Jones Industrial Average rose 1.09 percent, while the broad-based S&P 500 gained 1.24 percent.
In Tokyo forex trade, the dollar was at 123.58 yen early Wednesday, slightly up from 123.56 yen in New York late Tuesday.
The euro changed hands at $1.1064 and 136.73 yen against $1.1058 and 136.64 yen in US trade.
Investors were looking ahead to a policy announcement Wednesday from the US Federal Reserve that could signal the timing of an interest rate increase later this year.
The S&P 500 and the Dow Jones industrial average rose on Tuesday, breaking a five-day losing streak, as investors refocused on corporate earnings ahead of a two-day U.S. Federal Reserve meeting which could give clues regarding the timing of a rate hike.
The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's (BIDU.O) 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates.
Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about slowing growth in the country.
After Chinese stocks plunged more than 8 percent, the country's top securities regulator said Beijing would keep buying shares to stabilize the market.
"The Chinese markets rallied a little bit today and European equities are up which is also spilling over to the U.S. market after a five-day selloff which was slightly overbought," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
The U.S. Federal Reserve begins its two-day policy meeting on Tuesday. No move on rates is expected this week, but close attention will be paid to whether Fed chair Janet Yellen signals September or December as the most likely date for a "liftoff".
"I don't expect any changes at the end of the Fed meeting and September still looks to be on the table for a rate increase," Luschini said.
At 9:52 a.m. ET, the Dow Jones industrial average .DJI was up 35.88 points, or 0.21 percent, at 17,476.47, the S&P 500 .SPX was up 5.09 points, or 0.25 percent, at 2,072.73 and the Nasdaq Composite .IXIC was down 6.65 points, or 0.13 percent, at 5,033.13.
Nine of the 10 major S&P 500 sectors were higher with the industrials index's .SPLRCI 0.81 percent rise leading the advancers. The materials index .SPLRCM was the only laggard, dragged down by DuPont's (DD.N) 4.9 percent fall after the chemicals company cut its profit forecast for the year.
With second-quarter reports well under way, analysts expect overall earnings of S&P 500 companies to rise 0.3 percent, below the 3-percent decline expected at the start of July, according to Thomson Reuters data.
Such results could inflate already relatively pricey valuations. The S&P 500 is trading near 16.9 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data.
Some of the big names scheduled to report on Tuesday include Twitter (TWTR.N), Gilead (GILD.O) and Yelp (YELP.K) after the close.
Data expected during the day includes the index of U.S. consumer attitudes at 10 a.m. ET (1400 GMT). The index is expected to have fallen to 100.0 in July from 101.4 in June.
United Parcel Service (UPS.N) rose 3.9 percent to $98.85 after the company's quarterly profit rose.
Ford (F.N) rose 2 percent to $14.85 after the automaker's second-quarter earnings beat Wall Street expectations, based on the continued strength of its North American sales.
Advancing issues outnumbered decliners on the NYSE by 1,566 to 1,119. On the Nasdaq, 1,227 issues fell and 1,035 advanced.
The S&P 500 index showed seven new 52-week highs and seven new lows, while the Nasdaq recorded 10 new highs and 58 new lows.
(Editing by Don Sebastian)
HONG KONG, July 28 (Reuters) - Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed after Beijing scrambled to prop them up while some investors took shelter from market volatility in safe-haven assets such as government bonds and the Japanese yen.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent on the day after falling nearly 1 percent early on, touching its lowest level since July 9 before rebounding.
Main China indexes gyrated. In the mid-afternoon the Shanghai market benchmark was down more than 3 percent, then pared some of the loss.
Financial spreadbetters expected Britain's FTSE 100 to open around 30 points higher, or up 0.46 percent, and Germany's DAX to gain about 60 points, or up 0.54 percent, on Tuesday.
With most China focused stock indexes quite volatile after Beijing pledged to lend further support, sentiment remained weak with many investors looking to exit the markets at the first signs of a rally.
"Retail investors' confidence in the mainland market is very weak. They prefer to stay away from the market after liquidating their position," said Steven Leung, a director from UOB Kay Hian in Hong Kong.
Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main indexes falling by a third in less than a month before rebounding by a quarter, only to then have their biggest one-day fall since 2007 on Monday.
"Volatility is the enemy of investor appetite," said the head of index trading at a U.S. fund, referring to the lack of demand from foreign investors for onshore stocks.
A mechanism to invest in Chinese equity markets remains barely utilized this week despite the gyrations, in contrast to previous episodes when offshore buyers have jumped in to buy mainland stocks during any weakness.
While regional Asian markets have been initially resilient to the fireworks in Chinese stocks, they have started to move more closely in step with the mainland over recent days in the absence of fresh triggers elsewhere.
Correlations between the MSCI gauge for regional stocks and the Shanghai index have risen to 0.5 - its strongest in nearly a year - indicating the market rout is starting to have a broader regional impact.
Tokyo's Nikkei ended 0.1 percent lower while Australian shares were down 0.2 percent.
Investor sentiment was also cautious ahead of a two-day U.S. Federal Reserve meeting beginning later Tuesday where some investors believe the it will make its case for hiking rates as early as September.
Overnight, the Dow dropped 0.7 percent and Nasdaq fell 1 percent while share indices in Frankfurt and Paris tumbled more than 2.5 percent.
In currencies, the dollar rose from the day's lows at 123.55 yen as safe-haven assets were boosted by market jitters, offsetting upbeat U.S. durable good orders data.
The euro was slightly weaker at $1.10830 after surging to a two-week high of $1.1129 overnight thanks to a bullish Ifo survey of German business sentiment.
Bonds were the solitary bright spot in Asia with U.S. Treasuries and Japanese government debt standing tall in a sea of red across stock markets as investors dumped riskier bets.
Ten-year Japanese bond yields held firm at 0.40 percent, from 0.55 percent two weeks earlier, a large move for the markets while 10-year U.S. Treasuries held at 2.2 percent.
Oil struggled at four-month lows after the Chinese stock market crash fuelled worries the world's biggest energy consumer may cut back and as more evidence emerged of a global crude supply glut.
U.S. crude was down nearly half a percent at $47.22 a barrel, near $46.91, its lowest since late March.
Copper for August delivery, heavily influenced by demand from key consumer China, languished near a six-year low of $5,177 a tonne on the London Metal Exchange.
The broader Thomson Reuters CRB commodities index also hit a six-year low. (Additional reporting by Shinichi Saoshiro in TOKYO; Editing by Richard Borsuk)
Shanghai stocks recovered Wednesday after plunging more than 11 percent in the past three sessions but there were mixed results for other Asian markets, with some unable to sustain a morning rally.
Buyers were given a healthy lead from Wall Street, which climbed Tuesday for the first time after five sessions of losses as dealers await a key US Federal Reserve policy meeting later in the day.
Shanghai closed up 3.44 percent or 126.17 points at 3,789.17 on easing concerns about government measures to support share prices instituted at the start of the month to prevent a market meltdown.
Hong Kong rose 0.47 percent, or 115.51 points, to 24,619.45 and Sydney advanced 0.71 percent, or 39.52 points, to end at 5,624.2.
Tokyo ended 0.13 percent, or 25.98 points, lower at 20,302.91 and Seoul was marginally down, shedding 1.48 points to 2,037.62.
The region started with a burst after US and European bourses surged Tuesday after the previous day's losses that were sparked by Shanghai's 8.48 percent Monday plunge -- its worst in eight years.
Wall Street snapped a five-day losing streak thanks to strong earnings from shipping giant UPS as well as a bump in petroleum stocks.
The Dow climbed 1.08 percent, the S&P 500 gained 1.24 percent and the Nasdaq jumped 0.98 percent.
That followed healthy rises in London, Paris and Frankfurt.
"Often when a lot of stocks get washed out, we get a rebound," Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investors, told Bloomberg News.
The US central bank ends a two-day policy meeting on Wednesday and traders will be poring over its comments to get a handle on its plans for raising interest rates.
While expectations are for an increase in either September or December, Naeimi said the events in China and elsewhere would likely have an impact on policymakers' decision-making.
"The Fed will be focused on global conditions. What's happening globally can't be totally ignored," said Naeimi.
On currency markets the dollar eased to 123.44 yen from 123.56 yen in New York, while the euro changed hands at $1.1073 and 136.78 yen against $1.1058 and 136.64 yen.
Oil prices continued to fall on worries about the global economy as well as a worldwide supply glut.
US benchmark West Texas Intermediate for September delivery slipped 14 cents to $47.84 a barrel and Brent crude for September gave up 13 cents to $53.17.
Gold fetched $1,097.75 an ounce compared with $1,091.80 late Tuesday.
In other markets:
-- Taipei fell 0.22 percent, or 19.01 points, to 8,563.48.
Taiwan Semiconductor Manufacturing Co. closed 1.12 percent higher at Tw$135.5 while Hon Hai Precision added 1.67 percent to Tw$91.5.
-- Wellington shed 0.38 percent, or 22.39 points, to end at 5,870.77.
Air New Zealand was up 1.34 percent at NZ$2.65 and Spark lifted 1.22 percent to NZ$2.90.
-- Manila was flat, edging up 3.80 points to 7,482.83.
Philippine Long Distance Telephone was down 0.42 percent at 2,876 pesos, Metrobank gained 0.34 percent to 88.80 pesos and BDO Unibank added 0.91 percent to 99.50 pesos.
dan/tm
<org idsrc="isin" value="US0231351067">Amazon</org>
<org idsrc="isin" value="TW0001301000">Formosa Plastics</org>
<org idsrc="isin" value="NZAIRE0001S2">Air New Zealand</org>
<org idsrc="isin" value="LU0088087324">Astra</org>
<org idsrc="isin" value="TH0003010Z12">Siam Cement</org>
Jakarta- Pada sesi pertama perdagangan Rabu (29/7/2015), Indeks Harga Saham Gabungan (IHSG) ditutup menguat 9,201 poin (0,20%) ke posisi 4.723,957.
Sepanjang perdagangan sesi pertama, indeks mencapai level tertingginya di 4.765,735 atau menguat 50,979 poin dan mencapai level terendahnya 4.722,893 atau menguat 8,137 poin.
Sebanyak 151 saham menguat, 107 saham turun, 83 saham stagnan, dan 216 saham tidak ditransaksikan.
Semua indeks saham masih kompak mendukung penguatan IHSG. Antara lain, indeks saham-saham unggulan LQ45 yang naik 2,001 poin (0,251%) ke angka 798,445; IDX30 naik 1,039 poin (0,252%) ke angka 413,128;
MBX naik 2,084 poin (0,154%) ke posisi 1.353,267; DBX naik 3,409 poin (0,501%) ke angka 684,376; dan saham-saham syariah yang tergabung dalam indeks JII naik 2,973 poin (0,473%) ke posisi 631,601.
Sementara itu, investor asing mencatatkan pembelian saham senilai Rp1,09 triliun dan penjualan saham senilai Rp911,9 miliar. Alhasil, investor asing mencatatkan pembelian saham bersih (net foreign buy) senilai Rp181,8 miliar.
http://pasarmodal.inilah.com/read/detail/2225483/penguatan-ihsg-tersisa-92-poin-ke-4723
Sumber : INILAH.COM
JAKARTA. Indeks Harga Saham Gabungan (IHSG) dibuka menguat pada perdagangan Rabu (29/7) pagi ini. Data RTI menunjukkan indeks naik 0,82% atau 38,453 poin ke level 4.752 pukul 09.10 WIB.
Tercatat 140 saham bergerak naik, 19 saham bergerak turun, dan 40 saham stagnan. Di awal perdagangan pagi ini melibatkan 677 juta lot saham dengan nilai transaksi mencapai Rp 617 miliar.
Penguatan indeks ditopang menghijaunya seluruh indeks sektoral. Indeks sektoral agriculture memimpin penguatan 10 indeks sektoral yakni 2,12%. Selanjutnya, diikuti aneka industri naik 1,44%, dan construction naik 1,26%.
Asal tahu saja, laju IHSG mengikuti penguatan bursa global dipicu tanda-tanda stabilitas bursa saham China.
Indeks MSCI Asia Pacific Index naik 0,4% menjadi 140,85 pada 09:02 pagi di Tokyo. Indeks Topix naik 0,5% menjadi 1,637.23 pada 09:01 pagi di Tokyo, dengan semua kecuali 4 dari 33 kelompok industri meningkat.
Indeks S & P / ASX 200 Australia menguat 0,4% dan Indeks Kospi Korea Selatan naik 0,8%. Indeks NZX 50 Selandia Baru sedikit berubah.
http://investasi.kontan.co.id/news/ihsg-rebound-ikuti-jejak-bursa-global-pagi-ini
Sumber : KONTAN.CO.ID
Bisnis.com, JAKARTA— Indeks harga saham gabungan (IHSG) pada pembukaan perdagangan hari ini, Rabu (29/7/2015) menguat 19,06 poin atau 0,4% ke 4.733,82.
IHSG (4.715)Range: 4.680 -4,750---Indeks ditutup di bawah lower band sehingga berpeluang mengalamitechnical rebound, stochastic oversold sedangkan MACD masih negatif. Targetkenaikan indeks pada level 4.750 kemudian 4.780 dengan support di 4.680 dan4.650.
Sumber : IPS RESEARCH
Tokyo, July 29, 2015 (AFP)
Tokyo stocks opened 0.48 percent higher Wednesday after US stocks snapped a five-day losing streak, while traders await a Fed meeting later in the day.
The Nikkei 225 index at the Tokyo Stock Exchange gained 96.80 points to 20,425.69 at the start.
On Tuesday, US markets posted strong gains with positive earnings from UPS and a big rally in petroleum-linked stocks.
The Dow Jones Industrial Average rose 1.09 percent, while the broad-based S&P 500 gained 1.24 percent.
In Tokyo forex trade, the dollar was at 123.58 yen early Wednesday, slightly up from 123.56 yen in New York late Tuesday.
The euro changed hands at $1.1064 and 136.73 yen against $1.1058 and 136.64 yen in US trade.
Investors were looking ahead to a policy announcement Wednesday from the US Federal Reserve that could signal the timing of an interest rate increase later this year.
The S&P 500 and the Dow Jones industrial average rose on Tuesday, breaking a five-day losing streak, as investors refocused on corporate earnings ahead of a two-day U.S. Federal Reserve meeting which could give clues regarding the timing of a rate hike.
The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's (BIDU.O) 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates.
Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about slowing growth in the country.
After Chinese stocks plunged more than 8 percent, the country's top securities regulator said Beijing would keep buying shares to stabilize the market.
"The Chinese markets rallied a little bit today and European equities are up which is also spilling over to the U.S. market after a five-day selloff which was slightly overbought," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
The U.S. Federal Reserve begins its two-day policy meeting on Tuesday. No move on rates is expected this week, but close attention will be paid to whether Fed chair Janet Yellen signals September or December as the most likely date for a "liftoff".
"I don't expect any changes at the end of the Fed meeting and September still looks to be on the table for a rate increase," Luschini said.
At 9:52 a.m. ET, the Dow Jones industrial average .DJI was up 35.88 points, or 0.21 percent, at 17,476.47, the S&P 500 .SPX was up 5.09 points, or 0.25 percent, at 2,072.73 and the Nasdaq Composite .IXIC was down 6.65 points, or 0.13 percent, at 5,033.13.
Nine of the 10 major S&P 500 sectors were higher with the industrials index's .SPLRCI 0.81 percent rise leading the advancers. The materials index .SPLRCM was the only laggard, dragged down by DuPont's (DD.N) 4.9 percent fall after the chemicals company cut its profit forecast for the year.
With second-quarter reports well under way, analysts expect overall earnings of S&P 500 companies to rise 0.3 percent, below the 3-percent decline expected at the start of July, according to Thomson Reuters data.
Such results could inflate already relatively pricey valuations. The S&P 500 is trading near 16.9 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data.
Some of the big names scheduled to report on Tuesday include Twitter (TWTR.N), Gilead (GILD.O) and Yelp (YELP.K) after the close.
Data expected during the day includes the index of U.S. consumer attitudes at 10 a.m. ET (1400 GMT). The index is expected to have fallen to 100.0 in July from 101.4 in June.
United Parcel Service (UPS.N) rose 3.9 percent to $98.85 after the company's quarterly profit rose.
Ford (F.N) rose 2 percent to $14.85 after the automaker's second-quarter earnings beat Wall Street expectations, based on the continued strength of its North American sales.
Advancing issues outnumbered decliners on the NYSE by 1,566 to 1,119. On the Nasdaq, 1,227 issues fell and 1,035 advanced.
The S&P 500 index showed seven new 52-week highs and seven new lows, while the Nasdaq recorded 10 new highs and 58 new lows.
(Editing by Don Sebastian)
HONG KONG, July 28 (Reuters) - Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed after Beijing scrambled to prop them up while some investors took shelter from market volatility in safe-haven assets such as government bonds and the Japanese yen.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent on the day after falling nearly 1 percent early on, touching its lowest level since July 9 before rebounding.
Main China indexes gyrated. In the mid-afternoon the Shanghai market benchmark was down more than 3 percent, then pared some of the loss.
Financial spreadbetters expected Britain's FTSE 100 to open around 30 points higher, or up 0.46 percent, and Germany's DAX to gain about 60 points, or up 0.54 percent, on Tuesday.
With most China focused stock indexes quite volatile after Beijing pledged to lend further support, sentiment remained weak with many investors looking to exit the markets at the first signs of a rally.
"Retail investors' confidence in the mainland market is very weak. They prefer to stay away from the market after liquidating their position," said Steven Leung, a director from UOB Kay Hian in Hong Kong.
Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main indexes falling by a third in less than a month before rebounding by a quarter, only to then have their biggest one-day fall since 2007 on Monday.
"Volatility is the enemy of investor appetite," said the head of index trading at a U.S. fund, referring to the lack of demand from foreign investors for onshore stocks.
A mechanism to invest in Chinese equity markets remains barely utilized this week despite the gyrations, in contrast to previous episodes when offshore buyers have jumped in to buy mainland stocks during any weakness.
While regional Asian markets have been initially resilient to the fireworks in Chinese stocks, they have started to move more closely in step with the mainland over recent days in the absence of fresh triggers elsewhere.
Correlations between the MSCI gauge for regional stocks and the Shanghai index have risen to 0.5 - its strongest in nearly a year - indicating the market rout is starting to have a broader regional impact.
Tokyo's Nikkei ended 0.1 percent lower while Australian shares were down 0.2 percent.
Investor sentiment was also cautious ahead of a two-day U.S. Federal Reserve meeting beginning later Tuesday where some investors believe the it will make its case for hiking rates as early as September.
Overnight, the Dow dropped 0.7 percent and Nasdaq fell 1 percent while share indices in Frankfurt and Paris tumbled more than 2.5 percent.
In currencies, the dollar rose from the day's lows at 123.55 yen as safe-haven assets were boosted by market jitters, offsetting upbeat U.S. durable good orders data.
The euro was slightly weaker at $1.10830 after surging to a two-week high of $1.1129 overnight thanks to a bullish Ifo survey of German business sentiment.
Bonds were the solitary bright spot in Asia with U.S. Treasuries and Japanese government debt standing tall in a sea of red across stock markets as investors dumped riskier bets.
Ten-year Japanese bond yields held firm at 0.40 percent, from 0.55 percent two weeks earlier, a large move for the markets while 10-year U.S. Treasuries held at 2.2 percent.
Oil struggled at four-month lows after the Chinese stock market crash fuelled worries the world's biggest energy consumer may cut back and as more evidence emerged of a global crude supply glut.
U.S. crude was down nearly half a percent at $47.22 a barrel, near $46.91, its lowest since late March.
Copper for August delivery, heavily influenced by demand from key consumer China, languished near a six-year low of $5,177 a tonne on the London Metal Exchange.
The broader Thomson Reuters CRB commodities index also hit a six-year low. (Additional reporting by Shinichi Saoshiro in TOKYO; Editing by Richard Borsuk)
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