Global Markets Weekly Review: Week 06, 2022
Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown cycle had peaked.
Asian Stock Markets
Global Markets Weekly Review: Week 04, 2022
Fed Chair Jerome Powell left open the possibility that global markets policymakers would raise rates in 2022 more than the three quarter-point hikes they had signalled after their December meeting
Global Markets Weekly Review: Week 52, 2021
2021 was a better-than-average year for global markets. Stock market returns, economic growth, policy stimulus and inflation all ran hot while volatility was historically cool.
Asia Pacific Markets Jump Following S&P 500 Gains
Shares in Asia rose on Tuesday after the S&P 500 notched yet another record close on Wall Street overnight. Japan’s Nikkei 225 led gains among the region’s major markets as it gained 1.37% on the day to 29,069.16 while the Topix index advanced 1.37% to 2,005.02. Elsewhere, Hong Kong’s Hang Seng index closed 0.24% higher at 23,280.56. …
Asia Pacific Markets Jump Following S&P 500 Gains Read More »
Chinese Markets Mixed on 9% Industrial Data Jump; Major Asian Markets Close for Holiday.
The U.S. dollar index, which tracks the greenback against a basket of its peers in Asia, was at 96.158 after recently declining from above 96.3.
Global Markets Weekly Review: Week 51, 2021
In light of the improving global economic outlook, the Reserve Bank of Australia (RBA) may be positioned to end its quantitative easing (QE) initiatives after its February policy meeting.
Asia Stocks Mostly Rise as Investors Assess Omicron Variant Risk
Shares in Asia-Pacific were mostly higher in Wednesday trade as investors continued to assess the impact of the omicron Covid variant. Hong Kong’s Hang Seng index gained 0.34% as of its final hour of trading, paring earlier gains of more than 1%. Mainland Chinese stocks closed mixed, with the Shanghai composite slipping slightly to 3,622.62 and the Shenzhen component advancing 0.697% …
Asia Stocks Mostly Rise as Investors Assess Omicron Variant Risk Read More »
Asian Stocks Rise, Japan’s Nikkei 225 Jumps 2%
Shares in Asia-Pacific rose on Tuesday as investors reassessed the situation surrounding the omicron Covid variant. Japanese stocks led gains regionally, with the Nikkei 225 in Japan rising 2.08% on the day to 28,517.59 while the Topix index advanced 1.47% to 1,969.79. South Korea’s Kospi climbed 0.41% to close at 2,975.03. Mainland Chinese stocks closed higher, with the Shanghai composite up …
Global Markets Weekly Review: Week 50, 2021
All eyes across global markets were on the Fed last week as the market awaited the latest policy decision and outlook – a decision that drew particular attention given the inflation environment.
Global Markets Weekly Review: Week 49, 2021
Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.
Two Chinese Property firms Evergrande, Kaisa Default on $1.6 Billion in Bond
Questions had swirled over whether Evergrande & Kaisa were simply too big to be allowed to fail, given its collapse could send shock waves through the wider Chinese economy.
Global Markets Weekly Review: Week 48, 2021
Investors across global markets were set for lots of reactions during the week. On top of the list was the Omicron variant of the coronavirus and the massive lockdowns which various countries have imposed, also with the travel restrictions. Cruise and commercial airlines stood out to be the most hit. The United States. In a …
Asian Markets Mixed, Chinese Tech Stocks in Hong Kong Drop
Asia-Pacific stocks were mixed on Friday, following days of turbulent trading this week as investors continue to monitor the situation surrounding the omicron Covid variant. Chinese tech stocks in Hong Kong plunged after ride-hailing giant Didi announced Friday that it will begin taking steps to delist from the New York Stock Exchange — less than six months after it made …
Asian Markets Mixed, Chinese Tech Stocks in Hong Kong Drop Read More »
Asian Pacific Stocks Mixed, Razer Shares Plunge in Hong Kong
Stocks in Asia-Pacific struggled for direction on Thursday, as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment. Hong Kong’s Hang Seng index rose 0.55% to close at 23,788.93, reversing earlier losses. Shares of Razer in the city, however, dropped 7.87% on the day. The company said a consortium has offered to take …
Asian Pacific Stocks Mixed, Razer Shares Plunge in Hong Kong Read More »
Asia-Pacific Stocks Fall Amid Renewed Covid Uncertainty; Oil Drops 3%
Major Asia-Pacific markets fell in Tuesday trade as investors in the region continued to track developments surrounding the omicron variant. Major markets in the region fell after Moderna CEO Stephane Bancel told the Financial Times that he expects existing vaccines to be less effective against the new variant. Bancel told CNBC on Monday that it could take months to develop …
Asia-Pacific Stocks Fall Amid Renewed Covid Uncertainty; Oil Drops 3% Read More »
Asian Markets Mostly Fall, Investors Watch Out for the Omicron Variant
Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped 0.95% to close at 23,852.24. Hong Kong-listed shares of Chinese tech giant Meituan lost 7% after the firm on Friday posted a loss of about 10 billion Chinese yuan ($1.56 billion) for …
Asian Markets Mostly Fall, Investors Watch Out for the Omicron Variant Read More »
Global Markets Weekly Review: Week 47, 2021
Chinese markets weakened in line with other global markets, with the CSI index easing 0.6% and the Shanghai Composite Index ending flat amid U.S.-China tensions and rising economic pressures that raised expectations for supportive government measures.
Asia-Pacific Markets Slip Amid Renewed Covid Fears as New Variant Emerges
Shares in Asia-Pacific dropped on Friday, with stocks in Hong Kong and Japan leading losses regionally as fears of a new Covid variant weighed on investor sentiment. World Health Organization officials said Thursday they are monitoring a new variant with “a large number of mutations.” A special meeting is scheduled for Friday to discuss its implications …
Asia-Pacific Markets Slip Amid Renewed Covid Fears as New Variant Emerges Read More »
Asia-Pacific Stocks Mixed; Bank of Korea Announces Rate Hike
Shares in Asia-Pacific were mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.47% to close at 2,980.27 after the Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected by analysts in a Reuters poll. Following the decision, the Korean won traded 1,189.89 …
Asia-Pacific Stocks Mixed; Bank of Korea Announces Rate Hike Read More »
Asian Markets Mixed, New Zealand Dollar Falls after Central Bank Announces Rate Hike
Shares in Asia-Pacific were mixed on Wednesday, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.58% to close at 29,302.66 while the Topix index declined 1.16% to 2,019.12. Markets in Japan were closed on Tuesday for a holiday. South Korea’s Kospi dipped 0.1% on the day to 2,994.29. Hong Kong’s Hang Seng index rose 0.54% as of …
Asian Markets Mixed, New Zealand Dollar Falls after Central Bank Announces Rate Hike Read More »
Asian Markets Mixed, as Tech Shares Drop
Shares in Asia-Pacific were mixed on Tuesday as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair. Hong Kong’s Hang Seng index declined more than 1% as of its final hour of trading. Mainland Chinese stocks closed mixed, with the Shanghai composite up 0.2% to 3,589.09 while the Shenzhen component slipped 0.371% to 14,905.13. …
Asia-Pacific Stocks Mixed; JD.com, Netease Shares in Hong Kong Jump
Shares in Asia-Pacific were mixed on Monday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong dipped 0.39%, closing at 24,951.34. Hong Kong-listed shares of JD.com and NetEase gained 1.93% and 3.02%, respectively, following a Friday announcement that the two stocks are set to be included in the benchmark Hang Seng index from Dec. 6. In mainland …
Asia-Pacific Stocks Mixed; JD.com, Netease Shares in Hong Kong Jump Read More »
Global Markets Weekly Review: Week 46, 2021
Global markets are up roughly 25% so far this year, and its path to get here has been nearly stumble-free, with just one 5% dip along the way.
Asian Markets Edge Lower, Hong Kong Shares Extend Losses
Asian markets were mainly lower on Friday as Hong Kong shares slumped, extending losses from the previous session as some of China’s biggest tech names remained under pressure. The benchmark Hang Seng index declined 1.07% to 25,049.97 while the tech-focused Hang Seng tech index dropped 0.26% to 6,457.97. Alibaba shares listed in Hong Kong dropped more than 10% …
Asian Markets Edge Lower, Hong Kong Shares Extend Losses Read More »
Asia-Pacific Markets Mixed as Hong Kong Tech Shares Sell off
Asia-Pacific markets traded mixed on Thursday, following overnight losses on Wall Street, as shares in Japan, Hong Kong and the Chinese mainland struggled for gains. Hong Kong’s Hang Seng Index fell 1.29% to 25,319.72 while the Nasdaq-style technology board, Hang Seng tech index, sold off nearly 3%. Some of the major tech names listed in Hong Kong declined …
Asia-Pacific Markets Mixed as Hong Kong Tech Shares Sell off Read More »
Asia-Pacific Stocks Fall as Shares of Japan’s Automakers Slip
Declines across Asia-Pacific stocks were seen by Wednesday’s close, with data showing Japan’s exports growth hit an eight-month low. Markets in the U.S., however, were lifted on the back of stronger-than-expected retail sales data. Australia and South Korea led losses in the region. In Australia, the S&P/ASX 200 fell 0.68% to close at 7,369.90. Financial stocks were …
Asia-Pacific Stocks Fall as Shares of Japan’s Automakers Slip Read More »
Asian Markets Mixed, Investors React to Biden-Xi Talks
Shares in Asia-Pacific were mixed on Tuesday as investors reacted to a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Hong Kong’s Hang Seng index closed 1.27% higher at 25,713.78. Shares of gaming hardware firm Razer in Hong Kong surged 11.46% after Reuters reported, citing sources, that executives at the firm are leading a consortium plan to value the company at …
Asian Markets Mixed, Investors React to Biden-Xi Talks Read More »
Asia Pacific Socks Mixed, China Shares Trade Lower Despite economic Data Exceeding Expectations
Shares in Asia-Pacific were mixed on Monday as investors reacted to the latest Chinese economic data for October. Mainland Chinese stocks closed lower, with the Shanghai composite slipping 0.16% to 3,533.30 while the Shenzhen component dipped 0.469% to 14,636.39. Hong Kong’s Hang Seng index sat little changed, as of its final hour of trading. The losses in mainland China came …
Global Markets Weekly Review: Week 45, 2021
The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate companies led by China Evergrande and Kaisa Holdings Limited.
Asia-Pacific Stocks Rise; JD.com Shares in Hong Kong Surge
Shares in Asia-Pacific advanced on Friday as technology shares mostly rose, following overnight gains for their counterparts on Wall Street. Hong Kong-listed shares of JD.com soared nearly 5% following the Singles Day online shopping event, while Alibaba dropped 0.67%. Both companies set new sales records across their platforms on Singles Day. Meanwhile, Hong Kong-listed shares of Chinese chip maker Semiconductor …
Asia-Pacific Stocks Rise; JD.com Shares in Hong Kong Surge Read More »
Asian Markets Mixed, Evergrande Group shares surge
Asia-Pacific stocks were mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October. Shares of China Evergrande Group listed in Hong Kong surged 6.75%, following a report from Chinese media outlet Cailianshe that several bondholders received coupon payments from the debt-ridden developer. Other real estate stocks in Hong Kong also rose, with China …
Asian Markets Mixed, Evergrande Group shares surge Read More »
Asian Pacific Stocks Mixed, Investors React to China’s Trade Data
Shares in Asia-Pacific were mixed on Monday as investors reacted to China’s trade data released over the weekend. Mainland Chinese stocks recovered from earlier losses to close higher, with the Shanghai composite up 0.2% to 3,498.63 while the Shenzhen component climbed 0.32% to 14,508.86. Hong Kong’s Hang Seng index dipped around 0.4% as of its final hour of trading. …
Asian Pacific Stocks Mixed, Investors React to China’s Trade Data Read More »
Global Markets Weekly Review: Week 44, 2021
November started off on solid footing for global markets, with equity markets logging their best weekly return in more than four months.
China Property Fears Resurge as Kaisa Group Misses on Interest Payment, Plunges 15%
Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a payment to investors. The Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth management product, said in a statement on Thursday it was facing unprecedented liquidity pressure due to a challenging property market and rating downgrades. …
China Property Fears Resurge as Kaisa Group Misses on Interest Payment, Plunges 15% Read More »
Asian Markets Mixed, Hong Kong Markets Decline 1.41% Leading Losses
Stocks in Asia-Pacific were mixed on Friday as shares in Hong Kong led to losses among the region’s major markets. Hong Kong’s Hang Seng index slipped 1.41% to finish the trading day at 24,870.51. Mainland Chinese stocks closed lower, with the Shanghai Composite down 1% to 3,491.57 while the Shenzhen component shed 0.637% to 14,462.62. Shares of Chinese property developers …
Asian Markets Mixed, Hong Kong Markets Decline 1.41% Leading Losses Read More »
Asian Markets Rise Following Fed’s Decision to Start Tapering Pace of Bond Purchases
Shares in Asia-Pacific rose on Thursday following the U.S. Federal Reserve’s announcement that it will start tapering the pace of its bond purchases later in November. The Nikkei 225 in Japan closed 0.93% higher at 29,794.37 while the Topix index advanced 1.18% to 2,055.56. South Korea’s Kospi also climbed 0.25% on the day to 2,983.22. In mainland China, the Shanghai composite finished the trading …
Asian Markets Rise Following Fed’s Decision to Start Tapering Pace of Bond Purchases Read More »
Asian Pacific Stocks Mixed, Shares of Kakao Pay surge in South Korea debut
Shares in Asia-Pacific were mixed on Wednesday as investors looked ahead to the end of the U.S. Federal Reserve’s two-day meeting for clues on tapering. In South Korea, the Kospi declined 1.25% to finish the trading day at 2,975.71. Shares of Kakao Pay surged in their Wednesday debut as they more than doubled from their issue price of 90,000 Korean …
Asian Pacific Stocks Mixed, Shares of Kakao Pay surge in South Korea debut Read More »
Asian Markets Mixed, Chinese Real Estate Stocks Slide Amid Renewed Fears
Shares in Asia-Pacific were mixed on Tuesday, as Hong Kong-listed shares of Chinese real estate firms fell amid renewed fears. By the market close in Hong Kong, China Evergrande Group’s stock fell 2.9% while China Vanke tanked by 4%, while Sunac China Holdings plunged 9.6%. The Hang Seng Properties index declined 0.99% to 30,203.36. The broader Hang Seng index in Hong Kong erased …
Asian Markets Mixed, Chinese Real Estate Stocks Slide Amid Renewed Fears Read More »
Asian Markets Mixed, Japan’s Nikkei 225 surges nearly 3%
Shares in Asia-Pacific were mixed on Monday as investors reacted to economic data that showed a mixed picture of Chinese manufacturing activity in October. Japanese stocks led gains regionally as the Nikkei 225 jumped 2.61% to close at 29,647.08, with shares of Fast Retailing soaring 4.22%. The Topix index climbed 2.18% on the day to 2,044.72. Those gains came …
Asian Markets Mixed, Japan’s Nikkei 225 surges nearly 3% Read More »
Global Markets Weekly Review: Week 43, 2021
While history often points to October as a volatile month for global markets, this year we saw the opposite in equity markets. After a 5.2% correction in September.
Asia-Pacific Stocks Fall as Bank of Japan Holds Steady on Monetary Policy
Shares in Asia-Pacific were lower in Thursday trade as the Bank of Japan announced its decision to hold steady on monetary policy. The Nikkei 225 in Japan declined 1.05% while the Topix index shed 0.69%. Retail sales in Japan fell 0.6% in September from a year earlier, according to government data released Thursday. The Bank of Japan kept interest …
Asia-Pacific Stocks Fall as Bank of Japan Holds Steady on Monetary Policy Read More »
Asian Markets Edge Lower, Hong Kong Markets Lead Losses.
Shares in Asia-Pacific were lower on Wednesday, with Chinese tech stocks in Hong Kong seeing big losses. Hong Kong-listed shares of Tencent dropped 2.99% on Wednesday while Alibaba fell 2.95% and Meituan plunged 5.09%. The Hang Seng Tech index slipped 3.19% to 6,441.62. The broader Hang Seng index in Hong Kong led losses among the region’s major markets, falling 1.57% to close …
Asian Markets Edge Lower, Hong Kong Markets Lead Losses. Read More »
Asian Markets Mixed, Nikkei 225 Surges Nearly 2%
Stocks in Asia-Pacific were mixed on Tuesday after major indexes on Wall Street rose to record closing highs stateside. Japanese stocks led gains regionally as the Nikkei 225 jumped 1.77% to close at 29,106.01 while the Topix index gained 1.15% to 2,018.40. South Korea’s Kospi advanced 0.94%, closing at 3,049.08. South Korea’s gross domestic product grew 0.3% on a seasonally adjusted …
Asian Markets Mixed, Nikkei 225 Surges Nearly 2% Read More »
Asian Pacific Stocks Mixed, HSBC Earnings Beat Expectations;
Shares in Asia-Pacific were mixed on Monday as investors reacted to the release of HSBC earnings. Hong Kong’s Hang Seng index closed little changed at 26,132.03. Hong Kong-listed shares of HSBC rose 0.43% after the bank on Monday reported a pre-tax profit in the third quarter of 2021 that bested expectations. Shares of embattled developer China Evergrande Group declined 0.74% by the …
Asian Pacific Stocks Mixed, HSBC Earnings Beat Expectations; Read More »
Asian Markets Mixed, Hong Kong Shares Surge
Asia-Pacific markets were mixed on Friday, as shares of China Evergrande Group surged in Hong Kong following media reports that the embattled developer is set to pay off a coupon payment on a dollar-denominated bond. Shares of Evergrande in Hong Kong surged 4.26% on Friday. Evergrande Property Services Group also saw its stock jump 1.7%. The Hang Seng Properties …
Asian Markets Mixed, Japan’s Nikkei 225 Drop Nearly 2%
Stocks in Asia-Pacific were mixed on Thursday, as investors monitored shares of developer China Evergrande Group in Hong Kong. Evergrande shares dropped 12.54%, having returned to trade on Thursday after a halt that lasted more than two weeks. In Japan, the Nikkei 225 led losses among the region’s markets as it slipped 1.87% to close at 28,708.58 while the …
Asian Markets Mixed, Japan’s Nikkei 225 Drop Nearly 2% Read More »
Asian Pacific Stocks Mixed, China Maintains Benchmark Lending Rate
Shares in Asia-Pacific were mixed in Wednesday trade as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong rose 1.1% as of its final hour of trading, leading to gains among major markets in the region. Shares of Chinese tech firms listed in the city surged, with Tencent up 1.6% while Alibaba soared 6.92% and Meituan …
Asian Pacific Stocks Mixed, China Maintains Benchmark Lending Rate Read More »
Global Markets Weekly Review: Week 41, 2021
Global markets remained positive during the week as investors kept a keen watch on the earnings reports and also a view on various economic reports from the globe.
Asian Pacific Stocks Rise, Taiwan’s Taiex Leads Gains
Shares in Asia-Pacific rose on Friday following overnight gains on Wall Street with the S&P 500 jumping nearly 2%. The Taiex in Taiwan surged 2.4% on the day to 16,781.19, leading gains among the region’s major markets, as shares of Taiwan Semiconductor Manufacturing Company rose 4.71% following an earnings release a day earlier. TSMC on Thursday reported a net …
Asian Pacific Stocks Rise, Taiwan’s Taiex Leads Gains Read More »
Asian Markets Edge Higher as Investors React to China’s Trade Data for September
Asian Pacific stocks closed higher as shares in mainland China edged higher on Wednesday as investors reacted to the release of Chinese trade data for September. The Shanghai Composite gained 0.42% to 3,561.76 while the Shenzhen component rose 1.54% to 14,353.08. China’s imports rose 17.6% from a year earlier in September, customs data showed Wednesday, missing expectations for a 20% …
Asian Markets Edge Higher as Investors React to China’s Trade Data for September Read More »
Asian Markets Edge Lower as Major Indexes Fall More than 1%
Shares in Asia-Pacific tumbled on Tuesday, with major indexes in China and South Korea falling at least 1%. The Hang Seng index in Hong Kong dropped 1.43% to close at 24,962.59. Shares of China Evergrande New Energy Vehicle, on the other hand, surged 4.56% after the firm vowed on Monday to start producing electric vehicles next year. The …
Asian Markets Edge Lower as Major Indexes Fall More than 1% Read More »
Asian Pacific Stocks Mixed, Hang Seng Index Surges more than 7%
Shares in Asia-Pacific were mixed in Monday trade as stocks in Hong Kong led gains regionally. Hong Kong’s Hang Seng index rose 1.84%, as of its final hour of trading. Shares of Meituan in Hong Kong surged 7.27%. China’s market regulator on Friday said it had fined the company about 3.4 billion Chinese yuan ($527.71 million) after finding …
Asian Pacific Stocks Mixed, Hang Seng Index Surges more than 7% Read More »
Asian Markets Decline, Japan’s Nikkei 225 Falls
Shares in Asia-Pacific were mostly lower on Wednesday, with major indexes in Japan and South Korea leading losses regionally. Japan’s Nikkei 225 shed earlier gains, falling 1.05% to close at 27,528.87, while the Topix index dipped 0.3% on the day to 1,941.91. South Korea’s Kospi slipped 1.82%, closing at 2,908.31. Hong Kong’s Hang Seng index declined 0.6%, as of its …
Asian Markets Mixed, Hang Seng Index Drops 2%
Asian markets were mixed in Monday trade, with the Hang Seng index in Hong Kong tumbling more than 2% following its return from a Friday holiday. The Hang Seng index fell 2.19% to 24,036.37, by the market close in Hong Kong. Trading in shares of China Evergrande was halted, as investor concern surrounding the indebted property developer returned. Trading …
Global Markets Weekly Review: Week 39, 2021
Global markets were mixed but mostly lower as inflation concerns hit various central banks after the hits of the Evergrande crisis which has rocked China and looked to be throwing the global real estate sector in awe.
Asian Pacific Stocks Edge Lower, Japan’s Nikkei 225 falls more than 2%
Asia-Pacific stocks largely fell in Wednesday trade following an overnight tumble on Wall Street, with the Nasdaq plunging nearly 3% as bond yields rise. In Japan, the Nikkei 225 slipped 2.12% to close at 29,544.29 while the Topix index dropped 2.09% to finish the trading day at 2,038.29. Mainland Chinese stocks also saw sizable losses on …
Asian Pacific Stocks Edge Lower, Japan’s Nikkei 225 falls more than 2% Read More »
Asian Markets Mixed, Economists cut China’s GDP Forecasts
Stocks in Asia-Pacific were mostly lower on Tuesday, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed its China GDP growth expectations to 7.8%, down from the 8.2% previously forecast. Nomura also expected China’s GDP to grow by 7.7% this year, down from a previous forecast of 8.2%. Still, Hong Kong’s Hang Seng index led …
Asian Markets Mixed, Economists cut China’s GDP Forecasts Read More »
Asian Markets Mixed, Evergrande Shares in Hong Kong Rise
Shares in Asia-Pacific were mixed on Monday, with investors monitoring stocks related to embattled developer China Evergrande Group. Mainland Chinese stocks closed lower, with the Shanghai composite slipping 0.84% to 3,582.83 while the Shenzhen component dipped around 0.1% to 14,344.29. Shares of China Evergrande New Energy Vehicle Group in Hong Kong plunged 9.42% following the firm’s Friday warning that it was …
Asian Markets Mixed, Evergrande Shares in Hong Kong Rise Read More »
Global Markets Weekly Review: Week 38, 2021
Global markets were mixed this week, as many analysts comprehended the possible impact of China’s Evergrande Group into a global financial abyss. With no shortage of headlines to worry about, volatility made a comeback last week after being dormant for most of the past six months. United States The major benchmarks overcame an early sell-off …
Asian Markets Mixed, Japan’s Nikkei 225 Jumps 2%
Stocks in Asia-Pacific were mixed on Friday, as investors continued to watch developments surrounding China Evergrande Group. The Nikkei 225 in Japan jumped 2.06% to close at 30,248.81, with shares of Fast Retailing and Softbank Group gaining 1.5% and 2.76% respectively. The Topix index gained 2.31% to finish the trading day at 2,090.75. South Korea’s Kospi, on the other hand, closed fractionally …
Asian Markets Mixed, Japan’s Nikkei 225 Jumps 2% Read More »
Asian Markets Edge Higher, Hong Kong’s Hang Seng Rises 1.04%
Shares in Asia-Pacific were mostly higher in Thursday trade as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group. Hong Kong’s Hang Seng index rose 1.04%, as of its final hour of trading, following losses earlier in the week. It had returned to trade after a holiday on Wednesday. Shares of China Evergrande Group in …
Asian Markets Edge Higher, Hong Kong’s Hang Seng Rises 1.04% Read More »
Asian Markets Mixed, Japan’s Nikkei 225 falls 2%
Shares in Asia-Pacific were mixed on Tuesday as investors continued monitoring the situation surrounding embattled developer China Evergrande Group. Japanese stocks declined as they returned to trade following a Monday holiday. The Nikkei 225 closed 2.17% lower at 29,839.71 as shares of conglomerate Softbank Group plunged 4.98%. The Topix index shed 1.7% on the day to 2,064.55. Hong …
Asian Markets Mixed, Japan’s Nikkei 225 falls 2% Read More »
Asian Pacific Stocks Lower, Hang Seng Index Drops more than 3%
Hong Kong’s Hang Seng index led losses among Asia-Pacific markets in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop. The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier. The Hang Seng Properties Index dropped to …
Asian Pacific Stocks Lower, Hang Seng Index Drops more than 3% Read More »
Global Markets Weekly Review: Week 37, 2021
Global markets were mixed this week as various economic development from various markets across the markets, in the news was the fear over the possible collapse of Chinese real estate firm, Evergrande.
Asian Markets Edge Higher, Chinese Stocks Lead Regional Losses
Asia-Pacific stocks were largely lower on Thursday, with Chinese stocks leading losses regionally. By the mainland market close on Thursday, the Shanghai Composite dropped 1.34% to 3,607.09 while the Shenzhen component plunged 1.954% to 14,258.13. Hong Kong’s Hang Seng index declined 1.46% to close at 24,667.85, with most casino stocks listed in the city seeing a second straight day of sharp …
Asian Markets Edge Higher, Chinese Stocks Lead Regional Losses Read More »