In Asia, China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR, which influences the pricing of home mortgages, was cut by 5 basis points, the first time since April 2020.
Shares in Asia-Pacific were mixed on Friday as some major markets in the region, including Hong Kong and Singapore, closed early for Christmas Eve. Hong Kong’s Hang Seng index advanced 0.13% on the day to close at 23,223.76. Mainland Chinese stocks, on the other hand, closed lower. The Shanghai Composite fell 0.69% to 3,618.05 while …
Asian Markets Mixed; Shenzhen Down 1.03%, Hang Seng Rises 0.13%. Read More »
Shares in Asia-Pacific rose in Thursday trade, as fears over the omicron Covid variant eased in Asia and various economic data held fort for investors.
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 »
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 …
South Korea’s Kospi closed near flat to 2,989.39 during Asia’s trading hours, while in Australia, the S&P/ASX 200 dipped 0.7% to 7,327.10.
Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S. Japan’s Nikkei 225 extended losses from the previous session and was down 0.67%. The Topix index traded 0.53% lower. In South Korea, the Kospi fell 0.61% while the Kosdaq was down …
Asian Markets Broadly Decline; ASX 200 Subindex Plunges 1.49% Read More »
Mainland Chinese markets jumped in Asia in afternoon trade on Wednesday. Troubled Chinese real estate developers are back in the spotlight, while Chinese social media giant Weibo had a disappointing market debut in Hong Kong. The Shanghai Composite climbed 1.18% to close at 3,637.57, while the Shenzhen component rose 1.82% to 14,964.46. The CSI 300 …
Asian Markets Gain Amidst Concerns on Property Sector, Weibo Plummets 10% Read More »
Stocks across Asia – Pacific markets jumped on Tuesday, bouncing back from Monday losses on optimism that the omicron variant risk might not be as bad as feared.
Australia’s S&P/ASX 200 closed near the flatline to 7,245.10, also recovering from slight losses earlier. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.83%.
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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. …
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 »
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 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 »
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 »
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 »
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 …
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Shares in Asia-Pacific were mixed on Friday as investors monitored stocks of Apple suppliers after the tech giant’s revenue miss. Mainland Chinese stocks closed higher as the Shanghai composite advanced 0.82% to 3,547.34 and the Shenzhen component gained 1.45% to 14,451.38. Hong Kong’s Hang Seng index shed 0.8%, as of its final hour of trading. Trading in the Hong Kong-listed …
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 »
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 »
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 »
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 »
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 …
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 »
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 »
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 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 »
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 »
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 »
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 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 …
Shares in Asia-Pacific slipped in Friday trade, with Japanese markets among the region’s biggest losers.
Shares in Asia-Pacific were mixed on Thursday, as investors reacted to the release of Chinese factory activity data for September. Mainland Chinese stocks closed higher, with the Shanghai composite up 0.9% to 3,568.17 while the Shenzhen component jumped 1.634% to 14,309.01. Hong Kong’s Hang Seng index, on the other hand, fell 0.55% as of its final hour of trading. China’s …
Asian Markets Rise as Data Shows Factory Data Rose in SeptemberAs Read More »
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 »
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 »
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 »
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 »
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 »
Elsewhere in Asia, the Nikkei 225 in Japan slipped 0.67% to close at 29,639.40 while the Topix index shed 1.02% to finish the trading day at 2,043.55.
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 »
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 »
Shares in Asia-Pacific were mixed on Friday, with shares of China Evergrande Group continuing to take a beating.
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 »
Shares in Asia-Pacific were largely lower on Wednesday, as investors reacted to the release of Chinese economic data. Hong Kong’s Hang Seng index dropped 1.84% to close at 25,033.21 — falling more than 1% for the third straight session. Casino stocks listed in the city plunged amid fears over tighter regulations as Macao kicked off a public …
Asian Markets Edge Lower, Investors React to Chinese Economic Data Read More »
Shares in Asia-Pacific were mixed on Tuesday as investors looked ahead to the release of U.S. consumer inflation data for August. In Hong Kong, China Evergrande Group’s stock plunged 11.87% after the embattled property developer on Tuesday flagged expectations for a “significant continuing decline in contract sales in September,” as confidence falls following negative media reports surrounding the …
Asian Pacific Stocks Mixed, Investors Watch out for U.S Inflation Data Read More »
Shares in Asia-Pacific were mixed on Monday, with stocks in Hong Kong leading losses. Hong Kong-listed shares of Alibaba dropped 4.23% following a Financial Times report that Beijing wants to break up Ant Group’s Alipay and force the creation of a separate loans app. Other Chinese tech stocks also declined, with Tencent falling 2.45% while Meituan slipped 4.47%. The Hang Seng Tech …
Asian Markets Mixed, Hong Kong Shares Lead Losses Read More »
Shares in Asia-Pacific rose on Friday, as investors monitored Hong Kong-listed stocks of firms in regulation-hit sectors such as video games. Shares of Tencent in Hong Kong jumped 2.08% on Friday while NetEase gained 3.14% — a partial recovery after the heavy losses seen Thursday. Gaming stocks had tumbled on Thursday as the South China Morning Post reported …
Asian Markets Edge Higher, Hong Kong’s Hang Seng Index Jumps Nearly 2% Read More »
Hong Kong stocks dropped on Thursday, with shares in the rest of Asia-Pacific also largely declining. Shares of Tencent and Netease in Hong Kong dropped 8.48% and 11.03% respectively on Thursday after regulatory pressures surfaced again. While the broader Hang Seng index in Hong Kong dropped 2.3% on the day to 25,716. Chinese state media reported that the two …
Asian Markets Decline, Hong Kong’s Hang Seng Index Drops 2% Read More »
Shares in Asia-Pacific were mixed on Wednesday, with shares of China Evergrande Group recovering slightly after briefly falling below their IPO price. By the Wednesday market close in Hong Kong, China Evergrande Group shares in the city rose 3.92%. Still, the embattled property developer’s stock has dropped nearly 5% so far this week, extending declines since …
Asian Markets Mixed, Shares in Hong Kong Rise Nearly 4% Read More »
Shares in Asia-Pacific were mostly higher on Tuesday, as China’s August trade data came in above expectations. The Shanghai Composite in mainland China rose 1.51% to close at 3,676.59 while the Shenzhen component advanced 1.074% to 14,702.90. China’s exports jumped 25.6% year-over-year in August, customs data showed Tuesday — above expectations for a 17.1% rise by analysts in …
Asian Markets Edge Higher as China’s Exports in August Beat Expectations Read More »
Asia-Pacific stocks rose on Monday, with shares in Japan and China seeing big gains. Japan’s Nikkei 225 was among the biggest gainers regionally, rising 1.83% to close at 29,659.89. That added to its surge of 2.05% on Friday after Japanese Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election. The Topix advanced …
Asian Pacific Stocks Rise, Japan’s Nikkei 225 Surges Nearly 2% Read More »
Asian markets were mixed as Shares in Japan jumped on Friday after Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election. The Nikkei 225 closed 2.05% higher at 29,128.11 while the Topix index finished the trading day 1.61% higher at 2,015.45. Japanese manufacturing stocks saw big gains, with Fanuc jumping 3.46% while JFE Holdings surged …
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200 in Australia shed 0.72%. Australia recorded a trade surplus of 12.117 billion Australian dollars (about $8.93 billion) in July, according to data released Thursday by the country’s Bureau of Statistics. That was much higher than …
Asian Pacific Stocks Mixed, Australia Reports a Trade Surplus Read More »
Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. Mainland Chinese stocks closed mixed as the Shanghai composite advanced 0.65% to 3,567.10 while the Shenzhen component dipped 0.1% to 14,314.09. Hong Kong’s Hang Seng index edged 0.45% higher, as of its final hour of trading. The Caixin/Markit manufacturing Purchasing Managers’ Index …
Asian Markets Mixed Amidst Shrinking Chinese Factory Activity. Read More »
Shares in Asia-Pacific were mixed on Tuesday, as data showed slowing Chinese factory activity growth in August. In mainland China, the Shanghai composite rose 0.45% to close at 3,543.94 while the Shenzhen component shed 0.659% on the day to 14,328.38. China’s factory activity grew at a slower pace in August as compared with the previous month, data released Tuesday …
Asian Markets Mixed, Data Shows China’s Factory Activity was Lower in August Read More »
Shares in Asia-Pacific mostly rose on Monday trade, with Australian stocks recovering from an earlier slip as Covid cases in the country spike. In Japan, the Nikkei 225 advanced 0.54% to close at 27,789.29 while the Topix index gained 1.11% to 1,950.14. South Korea’s Kospi ended the trading day up 0.33% at 3,144.19. Mainland Chinese stocks were mixed …
Asian Markets Edge Higher, Australia Stocks Recover from Dip Read More »
Asia-Pacific markets traded mixed on Friday as investors remained cautious ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell is due to speak. In Australia, the benchmark ASX 200 closed fractionally lower at 7,488.30. The heavily-weighted financials subindex rose 0.25% while the energy sector was flat and materials fell 0.45%. The Nikkei …
Asia-Pacific markets mostly declined on Thursday despite overnight gains on Wall Street, while South Korea became the first major economy to raise interest rates during the pandemic. The Bank of Korea raised its base rate by 25 basis points to 0.75% for the first time in nearly three years. South Korean stocks were mixed. The benchmark …
Asian Markets Edge Lower, South Korea Hikes Interest Rates Read More »
Asia-Pacific stocks were mixed at the close on Wednesday, as optimism continued to drive U.S. stocks, with the S&P 500 and Nasdaq reaching record highs overnight. Meanwhile, India’s benchmark index hit a record high. Hong Kong’s Hang Seng index slipped 0.13% to close at 25,693.95 after jumping earlier. Chinese tech stocks listed in Hong Kong …
Shares in Asia-Pacific rose in Tuesday trade, with Hong Kong stocks leading gains among the region’s major markets. That came after the tech-heavy Nasdaq Composite jumped to a record closing high overnight following the U.S. Food and Drug Administration’s full approval of Pfizer and BioNTech’s Covid-19 vaccine. Hong Kong’s Hang Seng index closed 2.46% higher at 25,727.92, with …
Asian Markets Gain Following Pfizer/BioNTech’s Covid-19 vaccine FDA Approval Read More »
Stocks in Asia-Pacific rose on Monday trade as Hong Kong’s Hang Seng index bounced back after falling into a bear market last week. The Hang Seng index rose 1.05% in afternoon trade, as shares of Chinese tech giant Tencent rose nearly 2% while Hong Kong Exchanges and Clearing surged more than 5%. Heavy losses last week left the Hang Seng index …
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.27% to $66.27 per barrel. U.S. crude futures declined about 0.1% to $63.61 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers in Asia, was at 93.41 after a recent spike from below 92.8.
Shares in Asia were higher on Wednesday, with the Reserve Bank of New Zealand keeping interest rates unchanged despite expectations of a hike. In Japan, the Nikkei 225 rose 0.59% to close at 27,585.91 while the Topix index climbed 0.44% on the day to 1,923.97. Japan’s government on Tuesday decided to extend the Covid-19 state of emergency …
Asian Markets Edge Higher, Reserve Bank of New Zealand Keeps Rates Unchanged Read More »
Shares in Asia-Pacific declined on Tuesday, with Chinese internet stocks in Hong Kong falling again as regulatory fears resurfaced. By the Tuesday market close in Hong Kong, shares of Tencent dropped 4.14% while Alibaba plunged 4.77% and JD.com slipped 5.16%. The Hang Seng Tech index slipped 3.13% to 6,218.89. Those losses came after China’s market regulator issued draft rules on Tuesday …
Asian Pacific Stocks Decline, China internet shares fall Amidst Regulatory Fears Read More »
Asia-Pacific stocks slipped on Monday as investors reacted to the release of Chinese economic data for July. Retail sales in China rose 8.5% in July as compared with a year ago, according to official data released Monday. That was far lower than the 11.5% rise forecast by analysts in a Reuters poll. Meanwhile, industrial production grew 6.4% …
Asian Markets Drop as China’s Economic Data Shows Industrial Production was at 6.4% Read More »
South Korean and Taiwanese stocks led losses among major Asia-Pacific markets in Friday trade, with shares of firms related to conglomerate Samsung falling. The broader Kospi in South Korea closed 1.16% lower at 3,171.29 while the Taiex in Taiwan dropped 1.38% to finish the trading day at 16,982.11. Shares of South Korean industry heavyweight Samsung Electronics plunged 3.38% while …
Asia-Pacific stocks were mostly lower by the close on Thursday, as U.S. markets again notched highs after data showed inflation was not as bad as feared. The dollar weakened while Asian currencies rose. Chinese stocks closed in negative territory. The Shanghai Composite was down 0.22% to close at 3,524.74, while the Shenzhen component declined 0.79% to 14,901.97. Hong …
Asian Markets Edge Lower, Currencies Rise on Weaker Dollar Read More »
Major Asia-Pacific markets closed mixed on Wednesday, while shares of China’s most indebted property developer Evergrande and some of its units soared. Chinese markets were muted. The Shanghai composite closed just above the flatline to 3,532.62, while the Shenzhen component was down 0.24% to 15,021.17. Hong Kong’s Hang Seng index rose 0.21% in the final hour of …
Asia-Pacific markets broadly struggled for gains on Monday as investors kept an eye on the Covid-19 situation across the region while oil prices tumbled 3%. Australia’s benchmark ASX 200 was unable to hold on to modest gains and finished flat at 7,538.40. The Australian dollar changed hands at $0.7354 against the greenback, climbing from an …
Asian Markets Mostly Flat; Shanghai Composite Gains 1.05% Read More »
Shares in Asia-Pacific were mixed on Friday as investors awaited the release of a closely watched U.S. jobs report. Shares of South Korea’s Kakao Bank surged in their Friday debut, rising nearly 80% from the issue price. South Korea’s broader Kospi slipped 0.18% to close at 3,270.36. Mainland Chinese stocks fell on the day, with the Shanghai …
Asian Markets Mixed as Investors await U.S. Jobs Report Read More »
Shares in Asia-Pacific were mixed on Thursday. Investors also monitored Hong Kong-listed shares of firms related to the Chinese video game sector after China’s state media once again took aim at the industry. By Thursday’s market close in Asia, Hong Kong, shares of Tencent in the city slipped 3.9% while Netease dropped 3.76%. The Hang …
Asian Markets Mixed as Chinese Online Gaming Stocks come Under Pressure Again Read More »
Shares in major Asia-Pacific markets rose on Wednesday, as a private survey showed accelerating Chinese services activity growth in July. Mainland Chinese stocks closed higher, with the Shenzhen component advancing 1.72% to 14,990.11 while the Shanghai composite gaining 0.85% to 3,477.22. Hong Kong’s Hang Seng index closed 0.88% higher at 26,426.55, with shares of Chinese tech giant Tencent jumping …
Asian Markets Gain as Data shows China’s Service Industry Grew by 3.6 points Read More »
Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero meanwhile, shares in Hong Kong continued to see a rebound on Thursday from a two-day slump earlier in the week. Hong Kong’s Hang Seng index jumped 3.3% to close at 26,315.32. The index had dived more than 8% over two days …
Asian Pacific Stocks Rise, U.S Fed Leaves Benchmark Interest Rate at Zero Read More »
Shares in Asia-Pacific were mostly lower on Wednesday, with stocks in Hong Kong seeing a partial bounce back from a two-day rout. The Hang Seng index in Hong Kong closed 1.54% higher at 25,473.88. That followed a more than 8% decline two days earlier this week triggered by regulatory fears over sectors such as technology and private education. Analysts …
Asian Stocks Decline, Hong Kong Markets Bounce Back Read More »
Hong Kong continued selling off on Tuesday, extending losses from Monday. The broader Asia-Pacific markets, meanwhile, were mixed. The broader Hang Seng index in Hong Kong briefly fell more than 5% in Tuesday afternoon trade before paring some of those gains, eventually closing 4.22% lower at 25,086.43. The index has fallen more than 8% in just two days …
Asian markets dropped sharply by the close on Monday, wiping out the Hang Seng index’s gains for 2021 once again as Chinese tech and education stocks plunged under regulatory pressure. Meanwhile, a summit between China and the United States got off to an acrimonious start, weighing on investor sentiment. The broader Asia-Pacific markets were largely …
Asian Markets Edge Lower, Hang Seng Index Declines 4% Leading Losses in the Region Read More »
Shares in Asia-Pacific were mixed on Friday as investors monitored Chinese tech stocks in Hong Kong after regulatory concerns resurfaced. By the Friday market close in Hong Kong, shares of Chinese tech firms listed in the city tumbled. Kuaishou plunged 10.75% while Tencent slipped 2.39% and Meituan dropped 2.36%. The broader Hang Seng Tech index …
Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.83% to close at 27,723.84. Shares of China Evergrande Group surged 7.87%. Those gains came after the indebted developer announced it has solved legal disputes with China Guangfa Bank, according to Reuters. Mainland Chinese …
Asian Pacific Stocks Rise, Hong Kong Markets Record 2% Rise Read More »
Shares in Asia-Pacific were mixed on Wednesday trade, following an overnight bounce stateside that saw the Dow Jones Industrial Average rising more than 500 points. In Japan, the Nikkei 225 rose 0.58% to close at 27,548 while the Topix index advanced 0.82% to finish the trading day at 1,904.41. Japan’s exports rose 48.6% in June as compared …
Asian Markets Mixed Following Wall street Rebound Read More »
Shares in Asia-Pacific fell on Tuesday following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial Average plunge more than 700 points. In Japan, the Nikkei 225 slipped 0.96% to close at 27,388.16 — the Nikkei is down more than 10% from its February high as of today’s close. Meanwhile, the Topix index …
Asian Markets Trade Lower, China Maintains Lending Rate Read More »
Shares in Asia-Pacific were mixed on Friday as the Bank of Japan held steady on monetary policy. The Nikkei 225 in Japan fell 0.98% to close at 28,003.08 while the Topix index slipped 0.38% to finish the trading day at 1,932.19. Japan’s central bank downgraded its real GDP forecast for 2021 to 3.8% growth, as compared with …
Asian Markets Mixed, Bank of Japan Holds Monetary Rate Steady Read More »
Shares in Asia-Pacific were mixed on Thursday as China reported its second-quarter gross domestic product (GDP) rose. Mainland Chinese stocks closed higher. The Shanghai Composite rose 1.02% to 3,564.59 while the Shenzhen component advanced 0.751% to 15,169.33. Hong Kong’s Hang Seng index gained 0.85%, as of its final hour of trading. China’s GDP rose 7.9% year-on-year in the second quarter, official …
Asian Markets Mixed, China Reports Economic Growth Read More »
Shares in Asia-Pacific mostly slipped on Wednesday following a hotter-than-expected U.S. inflation report released overnight. The Shanghai Composite in mainland China fell 1.07% to close at 3,528.50 while the Shenzhen component fell 0.875% to end the trading day at 15,056.32. Hong Kong’s Hang Seng index shed 0.69%, as of its final hour of trading. In Japan, the Nikkei 225 closed 0.38% lower …
Asian Markets Edge Lower, U.S Inflation Higher Than Expected in June Read More »
Shares in Asia-Pacific were higher on Tuesday as investors reacted to China’s trade data for June. Hong Kong’s Hang Seng index led gains regionally as it jumped 1.63% to close at 27,963.41. In mainland China, the Shanghai composite rose 0.53% to close at 3,566.52 while the Shenzhen component climbed 0.183% on the day to 15,189.29. China’s exports in June jumped 32.2% as …
Asian Markets Edge Lower, Investors React to China’s Trade Data Read More »
