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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 basis in the third quarter of 2021 as compared with the previous quarter, data showed Tuesday. That was lower than...

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 Hong Kong market close after surging nearly 6% earlier. The firm announced Sunday it had resumed work on more than...

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 index advanced 1.4% to 31,928.03. The broader Hang Seng index in the city rose 0.42% on the day to 26,126.93. Mainland Chinese...

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 Topix index fell 1.32% to 2,000.81. South Korea’s Kospi edged 0.19% lower, closing at 3,007.33. The debt-laden firm announced in an...

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 jumped 3.29%. The Hang Seng Tech index also gained 2.69%. Mainland Chinese stocks closed lower, with the Shanghai composite slipping 0.17% to...

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 profit of 156.3 billion Taiwan dollars (around $5.57 billion) for the third quarter ended Sept. 30, above expectations of a...

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% expansion in a Reuters poll. Exports in September rose 28.1% from a year earlier in September, the data showed, exceeding...

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 company is linked to debt-laden developer Evergrande, which has already missed multiple coupon payments for its bonds in recent weeks. Mainland...

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 it guilty of monopolistic practices. Still, that was far smaller than the 18.23 billion yuan ($2.8 billion) fine that Alibaba had been slapped with...

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 final hour of trading. Shares in Australia also dipped, with the S&P/ASX 200 falling 0.58% to close at 7,206.50. In Southeast Asia,...

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 in the shares of Evergrande Property Services was also halted, with the firm saying in an exchange filing that there’s an impending...

Asian Markets Rise as Data Shows Factory Data Rose in SeptemberAs

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 official manufacturing Purchasing Managers’ Index for September came in at 49.6, below expectations for a reading of 50.1 by analysts...

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 the day as the Shanghai composite shed 1.83% to 3,536.29 and the Shenzhen component fell 1.64% to 14,079.02. Hong Kong’s Hang Seng index bucked the overall...

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 gains regionally, jumping 1.2% on the day to 24,500.39. Mainland Chinese stocks closed mixed, with the Shanghai composite up 0.54% to 3,602.22...

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 in a “serious shortage of funds.” The company also announced over the weekend that it will not proceed with plans...

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 lower at 3,125.24 While, Hong Kong’s Hang Seng index declined 1.45% to close at 23,155.49. Shares of China Evergrande Group in Hong...

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 the city jumped more than 17%, paring some gains after soaring more than 20% earlier. That was also after days...

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 Kong’s Hang Seng index, which was dragged down by more than 3% on Monday amid investor fears around Evergrande, rose 0.51% to close...

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 a 52-week low, falling 6.69% on the day. Shares of insurers listed in asia also plunged. AIA dropped 4.94% while...

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 losses. Shares of Wynn Macau in Hong Kong dropped 4.69%, Sands China fell 7.96% and Melco International Development slipped 0.76%. Those moves followed a Wednesday plunge...

Asian Markets Edge Lower, Investors React to Chinese Economic Data

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 gaming consultation. Shares of Wynn Macau plummeted 29%, while Sands China plunged more than 32%. Galaxy Entertainment Group dropped around 20%. Mainland Chinese stocks closed lower,...

Asian Pacific Stocks Mixed, Investors Watch out for U.S Inflation Data

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 firm. Shares of China Evergrande New Energy Vehicle and Evergrande Property Services, units that Evergrande has been attempting to sell, also plummeted 24.66%...

Asian Markets Mixed, Hong Kong Shares Lead Losses

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 index dropped 2.27% to 6,595.03. Chinese electric vehicle stocks fell after the country’s industry minister said consolidation in the sector is...

Asian Markets Edge Higher, Hong Kong’s Hang Seng Index Jumps Nearly 2%

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 that the Chinese government will suspend approvals for new online games in the country. After the market close, however, the...

Asian Markets Decline, Hong Kong’s Hang Seng Index Drops 2%

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 were among video game firms summoned to a meeting with regulators. Issues discussed during the meeting included reminding them of restrictions on...

Asian Markets Mixed, Shares in Hong Kong Rise Nearly 4%

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 last week after it warned that it could default. Moody’s Investors Service on Tuesday downgraded its rating, citing “heightened liquidity...

Asian Markets Edge Higher as China’s Exports in August Beat Expectations

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 a Reuters poll. Hong Kong’s Hang Seng index gained 0.73% to close at 26,353.63. Shares of retail firms listed in the city...

Asian Pacific Stocks Rise, Japan’s Nikkei 225 Surges Nearly 2%

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 1.24%. Mainland Chinese stocks also saw robust gains on the day, with the Shanghai composite gaining 1.12% to 3,621.86 and the Shenzhen component jumped...

Asian Markets Mixed, Japan’s Nikkei 225 Jumps

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 6.49%. The Japanese yen traded at 109.97 per dollar, still stronger than levels around 110.4 seen against the greenback earlier this...

Asian Pacific Stocks Mixed, Australia Reports a Trade Surplus

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 the 10.2 billion Australian dollars surplus projected in a Reuters poll. Elsewhere, mainland Chinese stocks were mixed, with the Shanghai composite up...

Asian Markets Mixed Amidst Shrinking Chinese Factory Activity.

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 for August came in at 49.2 on Wednesday, below the 50 mark that separates expansion from contraction. Deutsche Bank International...

Asian Markets Mixed, Data Shows China’s Factory Activity was Lower in August

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 showed. The official manufacturing Purchasing Managers’ Index for August came in at 50.1, against July’s reading of 50.4. Meanwhile, the...

Asian Markets Edge Higher, Australia Stocks Recover from Dip

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 on the day as the Shanghai composite rose 0.17% to 3,528.15, while the Shenzhen component dipped fractionally to 14,423.37. Hong Kong’s Hang Seng index closed 0.52%...

Asian Stocks Mixed as Investors Watch for Fed Symposium; Shanghai Composite Advances 0.59%

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 225 in Japan fell 0.36% to 27,641.14 while the Topix index declined 0.34% to 1,928.77. South Korea’s Kospi rose 0.17%...

Asian Markets Edge Lower, South Korea Hikes Interest Rates

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 Kospi fell 0.58% to 3,128.53 while the Kosdaq gained 0.26% to 1,020.44. The Korean won weakened against the dollar following the rate hike,...

Asian Stocks Mixed, Chinese Tech Stocks Jump

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 pared morning gains, losing steam by the close after rallying Tuesday. Tencent shares rose 0.55% after jumping 3% earlier. Food...

Asian Markets Gain Following Pfizer/BioNTech’s Covid-19 vaccine FDA Approval

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 shares of Chinese tech firms listed in the city jumping: internet titan Tencent rose 8.81% while Meituan soared 13.51% and Alibaba advanced 9.47%. The Hang Seng...

Asia – Pacific Stocks Rise, Hong Kong’s Hang Seng Index Bounces 1.05% Emerging from Bear Market.

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 more than 20% below its mid-February high as regulatory uncertainty clouded the outlook for Chinese technology companies. Mainland Chinese stocks...

Asian Markets Edge Higher, Reserve Bank of New Zealand Keeps Rates Unchanged

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 in Tokyo and other areas to Sept. 12, local news agency Kyodo News reported. Mainland Chinese stocks closed higher. The Shanghai...

Asian Pacific Stocks Decline, China internet shares fall Amidst Regulatory Fears

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 aimed at stopping unfair competition on the internet. Hong Kong’s broader Hang Seng index fell 1.66% to 25,745.87. Mainland Chinese stocks led...

Asian Markets Drop as China’s Economic Data Shows Industrial Production was at 6.4%

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% in July, also falling short of expectations for a 7.8% year-on-year increase for the month, according to the Reuters poll....

Asia-Pacific Stocks Drop; Samsung Plunges 3.4% as Vice Chair Jay Y. Lee is Released from Prison

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 Samsung C&T dropped 0.74%. Samsung Life Insurance fell 0.39% and Samsung SDS declined 1.96%. Those losses came after Samsung Electronics...

Asian Markets Edge Lower, Currencies Rise on Weaker Dollar

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 Kong’s Hang Seng index lost nearly 1%. In its Hong Kong debut, Chinese electric vehicle maker Li Auto’s shares dipped as much as...

Asian Markets Mixed, Major Chinese Stocks Muted

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 trade. Shares of China Evergrande jumped more than 8% in the afternoon after the company said in a filing that it was in...

Asian Markets Defy Covid Concerns to Post Gains; Krafton Slumps 17% on Debut

Shares in Asia-Pacific were mostly higher on Tuesday. Meanwhile, South Korean game developer Krafton plunged in its debut. South Korea’s broader Kospi slipped 0.53% to close at 3,243.19. Shares of South Korean game developer Krafton slumped as much as 17% in Asian trading hours, from its IPO price on its market debut, according to Refinitiv Eikon data. Krafton, the game maker behind the blockbuster game PUBG, later pared some of those losses but still closed nearly 9%...

Asian Markets Mostly Flat; Shanghai Composite Gains 1.05%

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 earlier level of around $0.7326. The Aussie fell from levels above $0.7400 following a resurgent dollar Friday on the back...

Asian Markets Mixed as Investors await U.S. Jobs Report

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 Composite down 0.24% to 3,458.23 while the Shenzhen component dipped 0.301% to 14,827.41. Hong Kong’s Hang Seng index was around...

Asian Markets Mixed as Chinese Online Gaming Stocks come Under Pressure Again

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 Seng Tech index declined 2.1% to 6,715.33. The Securities Times, a publication under the Chinese Communist Party’s official newspaper People’s...

Asian Markets Gain as Data shows China’s Service Industry Grew by 3.6 points

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 2.42% after seeing heavy losses yesterday. The Caixin/Markit services Purchasing Managers’ Index for July came in at 54.9 on Wednesday,...

Asian Markets Mixed as China Regulator Eyes the Online Gaming Markets

Stocks in Asia-Pacific were mixed on Tuesday, with Hong Kong-listed shares of firms in the Chinese online gaming market plummeting after the activity was described as a type of “opium” by Chinese state media. By the Tuesday market close in Hong Kong, shares of Tencent in the city plunged 6.11% while Netease and Bilibili dropped 7.77% and 3.44%, respectively. The Hang Seng Tech index declined 1.47% to 6,696.66. The losses came after the Economic Information Daily,...

Asian Pacific Stocks Rise, U.S Fed Leaves Benchmark Interest Rate at Zero

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 early this week. Chinese tech stocks in Hong Kong, which were hit hard by the market rout earlier in the...

Asian Stocks Decline, Hong Kong Markets Bounce Back

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 at Bespoke Investment Group pointed out that there had only been one other period in 2011 when the Hang Seng...

Asian Markets Mixed, China Tech Stocks Crumble

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 as regulatory fears surrounding China’s technology and private education sector weighed on investor sentiment. On Monday, it fell more than...

Asian Markets Edge Lower, Hang Seng Index Declines 4% Leading Losses in the Region

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 lower, with mainland Chinese stocks also falling. The Hang Seng index in Hong Kong fell 4.13% to close at 26,192.32,...

Asian Markets Mixed, China Tech Shares Fall

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 declined 2.96%. Hong Kong’s Hang Seng index fell 1.45% to 27,321.98. Bloomberg News reported that Beijing is considering harsh penalties on ride-hailing...

Asian Pacific Stocks Rise, Hong Kong Markets Record 2% Rise

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 stocks closed higher, with the Shanghai composite climbing 0.34% to 3,574.73 while the Shenzhen component rose 0.326% to 15,262.19 while South Korea’s Kospi gained...

Asian Markets Mixed Following Wall street Rebound

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 with a year earlier, according to data released Wednesday by the country’s Ministry of Finance. That was higher than a...

Asian Markets Trade Lower, China Maintains Lending Rate

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 fell 0.96% to end the trading day at 1,888.89. South Korea’s Kospi closed 0.35% lower at 3,232.70. Mainland Chinese stocks...

Asian Markets Mixed, Bank of Japan Holds Monetary Rate Steady

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 the 4% growth forecast made in April. The Bank of Japan also kept its yield curve control target at -0.1%...

Asian Markets Mixed, China Reports Economic Growth

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 data showed Thursday. That was lower than expectations by economists for an 8.1% rise. Meanwhile, retail sales in June jumped...

Asian Markets Edge Lower, U.S Inflation Higher Than Expected in June

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 at 28,608.49 while the Topix index fell 0.23% on the day to 1,963.16. The Kospi in South Korea dipped 0.2% to close...

Asian Markets Edge Lower, Investors React to China’s Trade Data

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 compared with a year earlier, customs data showed Tuesday. That was much higher than a forecast by analysts in a...

Asian Markets Edge Higher, China and Japan Lead Gains.

Stocks in Asia-Pacific rose on Monday, with shares in Japan and China leading gains regionally. Japan’s Nikkei 225 surged 2.25% to close at 28,659.02 while the Topix index jumped 2.14% to end the trading day at 1,953.33. South Korea’s Kospi closed 0.89% higher at 3,246.47. Mainland Chinese stocks also closed higher, with the Shanghai composite up 0.67% to 3,547.84 while the Shenzhen component climbed 2.137% to 15,161.52. Hong Kong’s Hang Seng index gained about 0.8%, as of its final hour of trading. The S&P/ASX 200 in...

Asian Markets Decline Amidst Fears of Rising COVID-19 Cases

Shares in Asia-Pacific fell on Friday as Covid worries resurfaced in the region. South Korea’s Kospi dropped 1.07%% to close at 3,217.95. South Korea announced Friday that the greater Seoul area will be placed under the toughest social distancing rules of Level 4, according to local news agency Yonhap. In Japan, the Nikkei 225 fell 0.63% to close at 27,940.42 while the Topix index shed 0.41% to end the trading day at 1,912.38. Olympics organizers will ban spectators from the upcoming summer...

Asian Stocks Extends Decline as Chinese Tech Regulatory Concerns Sends Pressure on Markets

Shares in Asia-Pacific mostly declined on Thursday, as Chinese tech stocks in Hong Kong came under pressure after regulatory fears resurfaced. In Thursday afternoon trade in Hong Kong, shares of Tencent dropped 3.74% while Alibaba declined 4.13% and Meituan plunged 6.43%. The Hang Seng Tech index declined 3.71% to 7,321.98. Beijing recently announced a stepping up in oversight on Chinese listings in the U.S., many of whom are tech companies. That came after a recent crackdown on ride-hailing giant Didi and other...

Asian Pacific Stocks Mixed, Hang Seng Closes Flat at 27,960.62

Shares in Asia-Pacific were mixed on Wednesday following losses on Wall Street with the S&P 500 ending its seven-day winning streak. Chinese electric carmaker Xpeng made its debut in Hong Kong on Wednesday. Shares ended the trading day unchanged after rising nearly 2% in the early moments of trading. The broader Hang Seng index in the city slipped 0.4% to close at 27,960.62. Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.66% to 3,553.72 while the Shenzhen component advanced 1.857%...

Asian Markets Mixed, Australia Central Bank Keeps Cash Rate Unchanged

Shares in major Asia-Pacific markets struggled for direction on Tuesday as investors reacted to the Australian central bank’s interest rate decision. The Nikkei 225 in Japan rose 0.16% to close at 28,643.21, while the Topix index advanced 0.28% to end the trading day at 1,954.50. Over in South Korea, the Kospi gained 0.36% on the day to 3,305.21. Mainland Chinese stocks, on the other hand, closed lower. The Shanghai composite slipped 0.11% to 3,530.26, while...

Tech Shares Lead Asian Stocks Decline as Didi Suspension Resurfaces China’s Regulatory Concerns

Shares in Asia-Pacific were mixed on Monday as Brent crude futures hovered around $76 while investors watched for developments from a meeting of OPEC and its allies. Shares of Chinese tech firms in Hong Kong fell on Monday trade as regulatory fears resurfaced. Tencent shares fell 3.57% while Alibaba dropped 2.83% and Meituan slipped 5.59%. The broader Hang Seng TECH index in Hong Kong also declined 2.28% to 7,712.19. Elsewhere, shares of Japanese conglomerate SoftBank Group also...

Asian Markets Mixed, China and Japan Lead Losses

Asia-Pacific stocks were mixed on Friday as investors looked ahead to a closely-watched U.S. jobs report set to be released later. Mainland Chinese stocks were among the biggest losers regionally as the Shanghai composite fell 1.95% on the day to 3,518.76 while the Shenzhen component dropped 2.448% to close at 14,670.71. Hong Kong’s Hang Seng index declined 1.8% to finish the trading day at 28,310.42 Elsewhere, the Nikkei 225 in Japan nudged 0.27% higher to close at 28,783.28 while the Topix index gained...

Asia – Pacific Stocks Drop as PMI Data shows Decline in Factory Activity.

Shares in Asia-Pacific slipped on Thursday as investors reacted to the release of Chinese economic data. Mainland Chinese stocks closed lower as the Shanghai composite declined fractionally to 3,588.78 and the Shenzhen component slipped 0.81% to 15,038.88. A private survey released Thursday showed Chinese factory activity growth slowing in June. The Caixin/Markit manufacturing Purchasing Managers’ Index for June came in at 51.3 on Thursday, a lower reading than May’s 52.0. PMI readings above 50 represent expansion, while those below...

Asian Markets Mixed Pushed by China’s Manufacturing Data

Major Asian markets were mixed by the close on Wednesday, with oil prices continuing to rise. Meanwhile, China released its data on manufacturing activity in the morning, a benchmark for Asian traders. Mainland Chinese stocks rose by the afternoon. The Shanghai Composite was up 0.50% to close at 3,591.20, while the Shenzhen component jumped 1.08% to 15,161.70. Hong Kong’s Hang Seng index was subdued, edging down 0.41% in the afternoon. China-based drugmaker Hutchmed made its debut in Hong Kong,...

Asian Stocks Lower Despite Wall street Record High

Shares in Asia-Pacific fell on Tuesday despite gains overnight on Wall Street as the S&P 500 and Nasdaq Composite closed at record highs. Mainland Chinese stocks closed lower. The Shanghai composite edged 0.92% lower to 3,573.18, while the Shenzhen component dropped 0.993% to 14,999.80. Hong Kong’s Hang Seng index declined 0.94% to finish the trading day at 28,994.10. The Nikkei 225 fell 0.81% to close at 28,812.61 while the Topix index shed 0.82% to end the trading day at 1,949.48. South Korea’s Kospi also declined...

Asian Markets Mixed, Hong Kong Records Shorter Trading Day

Stocks in Asia-Pacific were mixed on Monday, as Hong Kong saw a shorter trading day following a morning pause due to severe weather conditions. The Hang Seng index slipped fractionally on Monday to 29,268.30. Trading in Hong Kong’s markets resumed Monday afternoon in the city after an earlier severe weather warning was lowered. Hong Kong Exchanges and Clearing announced earlier on Monday that the morning trading sessions of both the securities and derivatives markets, including Stock Connect...

Asian Markets Rise, Hong Kong Market Leads Gains

Asia-Pacific stocks jumped in Friday trade, with shares in Hong Kong and mainland China among the region’s biggest gainers. Hong Kong’s Hang Seng index jumped 1.43%, as of its final hour of trading. Shares of Chinese tech firms listed in the city surged: Tencent rose 2.83%, Alibaba jumped 2.19% while Meituan soared 5.21%. The broader Hang Seng Tech index gained 2.35%. Mainland Chinese stocks closed higher, with the Shanghai composite up 1.15% to 3,607.56 while the Shenzhen component gained 1.482% to 15,003.85. Elsewhere, South Korea’s Kospi advanced 0.51%...

Asian Markets Mixed, Markets in China and Japan Close Flat

Shares in Asia-Pacific struggled for direction on Thursday, with major indexes in Japan and mainland China closing flat. After a troubled start to the week, equities across much of the region have enjoyed healthy gains the past two days as US central bank chiefs looked to temper fears that record-low interest rates and colossal bond-buying were in their final thresholds. Mainland Chinese stocks closed mixed as the Shanghai composite finished the trading day largely flat at around...

Asian-Pacific Stocks Edge Higher, Hang Seng Index Rises to Almost 2%

Shares in Asia-Pacific were largely higher on Wednesday, with stocks in Hong Kong leading gains regionally. By the Wednesday market close in Hong Kong, the Hang Seng index surged 1.79% to 28,817.07. Taiwan’s Taiex also saw robust gains, rising 1.53% on the day to 17,336.71. Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.25% to 3,566.22 and the Shenzhen component gaining 1.004% to 14,843.83. Elsewhere, the Nikkei 225 in Japan closed slightly lower at 28,874.89 while the...

Asian Stocks Rise, Japan’s Nikkei 225 Lead Gains

Shares in Asia-Pacific largely rose on Tuesday, with shares in Japan leading gains among the region’s major markets. In Japan, the Nikkei 225 jumped 3.12% to close at 28,884.13, largely recovering from a more than 3% tumble on Monday. The Topix index gained 3.16% to 1,959.53. Mainland Chinese stocks edged higher on the day as the Shanghai composite gained 0.8% to 3,557.41 while the Shenzhen component rose 0.376% to 14,696.29. Hong Kong’s Hang Seng index lagged the broader region’s gains, slipping about 0.3% as...

Asian Markets Drop Amidst Beijing’s Move to Retain Benchmark LPR

Shares in Asia-Pacific dropped on Monday, as Japan’s markets plummeted. Meanwhile, China kept its benchmark lending rate unchanged. Japanese stocks led losses regionally, with the Nikkei 225 falling 4% in Monday trade. It later pared some of those losses but still closed 3.29% lower at 28,010.93. The Topix index shed 2.42% to finish its trading day at 1,899.45. Losses were seen in most sectors in Japan, with shares of automakers such as Nissan and Honda falling 4.07% and 3.93%, respectively. Shares...

Asian Markets Mixed, Investors Watch out on Commodities Markets

Shares in Asia-Pacific were mixed on Friday as investors monitored moves in the commodities space after prices fell sharply on Thursday. In Japan, the Nikkei 225 closed 0.19% lower at 28,964.08, while the Topix index slipped 0.87% to end the trading day at 1,946.56. South Korea’s Kospi rose about 0.1% on the day to 3,267.93. Mainland Chinese stocks closed mixed, with the Shanghai composite marginally lower at 3,525.10 while the Shenzhen component advanced 0.769% to 14,583.67. Hong Kong’s Hang...

Asian Pacific Stocks Mixed, U.S Fed Predicts Rate Hikes in 2023

Shares in Asia-Pacific were mixed on Thursday, as investors watched for the market reaction after the U.S. Federal Reserve on Wednesday moved up its timeline for rate hikes. In Japan, the Nikkei 225 fell 0.93% to close at 29,018.33 while the Topix index dipped 0.62% to finish the trading day at 1,963.57. South Korea’s Kospi closed 0.42% lower at 3,264.96. Mainland Chinese stocks, on the other hand, closed higher. The Shanghai Composite gained 0.21% to 3,525.60 while the Shenzhen component advanced 1.234% to 14,472.37....

Asian Markets Mixed, Shenzhen Component Plunges 2.572%

Shares in Asia-Pacific were mixed on Wednesday trade as investors looked ahead to the U.S. Federal Reserve’s interest rate decision. Mainland Chinese stocks led losses among the region’s major markets, with the Shenzhen component plunging 2.572% to close at 14,295.93. The Shanghai composite also shed 1.07% to finish the trading day at 3,518.33. Hong Kong’s Hang Seng index fell 0.68%, as of its final hour of trading. China’s industrial output rose 8.8% in May as compared with the same period a...

Asian Markets Mixed, Australia and Japan Lead Gains.

Shares in Asia-Pacific were mixed in Tuesday afternoon trade, with Australian and Japanese stocks leading gains regionally. The Nikkei 225 in Japan gained 0.96% to finish the trading day at 29,441.30 while the Topix index advanced 0.8% to close at 1,975.48. The S&P/ASX 200 jumped 0.92% to close at 7,379.50. Members of the Reserve Bank of Australia’s board agreed it would be “premature” to consider ceasing the bond purchase program, minutes from the central bank’s monetary policy meeting for...

Asian Markets Mixed, BSE Sensex in India Touches Record High.

 Shares in Asia-Pacific were mixed in Friday trade, with the BSE Sensex in India touching a record high. In Friday Asia trade, the Sensex rose to 52,641.53 — above its previous record high of 52,516.76 sets in February, according to data from Refinitiv Eikon. The index later pared some of those gains and last stood 0.33% higher, as of 1:05 p.m. local time. The Nifty 50 in India also gained 0.3%. Stocks in Japan were little...

Asia-Pacific Markets Rise Ahead of U.S. Inflation Data Release

Shares in Asia-Pacific mostly rose on Thursday, as investors looked ahead to an upcoming release of U.S. inflation data for May. The Shenzhen component in mainland China jumped 1.19% to close at 14,893.59, while the Shanghai Composite gained 0.54% to finish the trading day at 3,610.86. Hong Kong’s Hang Seng index slipped about 0.1% as of its final hour of trading. In Japan, the Nikkei 225 closed 0.34% higher at 28,958.56 while the Topix index finished the trading day little...

Asian Market Lower, Investors React to Japan’s Revised Q1 Data

Shares in Asia-Pacific were mostly lower on Tuesday, as investors reacted to the release of Japan’s revised first-quarter gross domestic product figures. The Nikkei 225 in Japan shed 0.19% to close at 28,963.56 while the Topix index rose about 0.1% on the day to 1,962.65. Revised government data released Tuesday showed Japan’s economy shrank 3.9% in the first quarter, an improvement from the initial estimate of a 5.1% contraction. The revised gross domestic product compared against economists’...

Asian Markets Mixed as India’s Central Bank Maintains Rates

Shares in Asia-Pacific were mixed on Friday, as the Reserve Bank of India held steady on interest rates. Hong Kong’s Hang Seng index closed 0.17% lower at 28,918.10. In mainland China, the Shanghai composite rose 0.21% on the day to 3,591.84 while the Shenzhen component gained 0.744% to close at 14,870.91. In Japan, the Nikkei 225 fell 0.4% to close at 28,941.52 while the Topix index finished the trading day fractionally higher at 1,959.19. South Korea’s Kospi closed 0.23% lower at...

Asian Markets Mixed, Hong Kong’s Hang Seng index Falls more than 1% leading losses

Shares in Asia-Pacific were mixed on Thursday, as investors reacted to data out of Australia and China. Hong Kong’s Hang Seng index led losses regionally, falling 1.13% on the day to 28.966.03. Mainland Chinese stocks finished the trading day lower, with the Shanghai composite slipping 0.36% to 3,584.21 while the Shenzhen component shed 0.651% to 14,761.13. A private survey released Thursday showed slowing Chinese services activity growth in May. The Caixin/Markit services Purchasing Managers’ Index for May came in at 55.1 on...

Asian Markets Mixed, Austria’s Economy Grows Higher than Expected in Q12020

Shares in Asia-Pacific were mixed on Wednesday, with official data showing higher-than-expected growth in Australia’s economy for the first quarter. The Nikkei 225 in Japan gained 0.46% to close at 28,946.14 while the Topix index climbed 0.84% to finish the trading day at 1,942.33. In South Korea, the Kospi closed nearly 0.1% higher at 3,224.23. Hong Kong’s Hang Seng index shed about 0.6%, as of its final hour of trading. Mainland Chinese stocks declined on the day as the Shanghai composite fell 0.76%...

Asia-Pacific stocks mixed, Investors React to China Factory Data

Shares in major Asia-Pacific markets were mostly higher on Tuesday, as investors reacted to the release of a private survey on Chinese manufacturing activity in May. Mainland Chinese stocks closed higher, with the Shanghai composite up 0.26% to 3,624.71 and the Shenzhen component rising 0.256% to 15,034.78. Hong Kong’s Hang Seng index rose about 0.9%, as of its final hour of trading. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) for May came in at 52, higher than expectations for a reading...

Asian Markets End Monday Mixed on China’s PMI data

Shares in Asia-Pacific were mixed on Monday, as investors reacted to the release of China’s official manufacturing Purchasing Managers’ Index for May. Mainland Chinese stocks closed higher, with the Shanghai composite rising 0.41% to 3,615.48 while the Shenzhen component advanced 0.966% to 14,996.38. Hong Kong’s Hang Seng index fell about 0.2%, as of its final hour of trading. China’s official manufacturing Purchasing Managers’ Index for May came in at 51.0. That compared against analyst expectations for a reading of 51.1 in...

Asia – Pacific Stocks Rise; JD Logistics Soar 18% on Hong Kong Debut.

Stocks in Asia-Pacific mostly rose in Friday trade, as investors reacted to the market debut of JD Logistics in Hong Kong. Shares of JD Logistics opened at 46.05 Hong Kong dollars before surging to more than 18% from their issue price at one point .Much of those gains were later pared, however, with the stock ending the trading day 3.32% above its issue price. Shares of Chinese e-commerce giant JD.com slipped 0.7%. The broader Hang Seng index in Hong...

Asian Markets Mixed on China’s Industrial Data

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the release of Chinese industrial profits data for April. Hong Kong’s Hang Seng index dipped 0.18% to close at 29,113.20. Shares of Xiaomi in Hong Kong jumped 3.2% on Thursday after the Chinese smartphone maker on Wednesday reported a nearly 55% surge in its first quarter revenue as compared with the same period a year earlier. Mainland Chinese stocks were higher on the day, with the Shanghai composite...

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