Chinese President Xi Jinping and Hong Kong’s new Chief Executive John Lee at the swearing-in ceremony on July 1, 2022. Xi, in his first trip outside the mainland since Covid struck, presided over the ceremony. Justin Chin | Bloomberg | Getty Images BEIJING – Chinese President Xi Jinping on Friday laid out a future for … Read more
The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the US Securities and Exchange Commission after regulators turned down … Read more
Deputy US Trade Representative Sarah Bianchi will meet the island’s top trade negotiator, John Deng, to discuss an initiative on 21st-century trade. Jon Cherry | Getty Images Entertainment | Getty Images Taiwan and the United States will hold trade talks on Monday under a newly agreed framework, the office of the US Trade Representative said. … Read more
A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE – Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Japan’s Nikkei 225 jumped nearly 1% in … Read more
SINGAPORE – Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($ 2.92) in its stock market debut in the city. … Read more
SINGAPORE – Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 2.1% higher while the Topix also rose by around 2%. Taiwan’s Taiex index also … Read more
SINGAPORE – Shares in Asia-Pacific appeared set for a lower start on Monday, as investors look ahead to the release of China’s latest benchmark lending rate. Futures pointed to a mildly lower open for Japanese stocks. The Nikkei futures contract in Osaka was at 25,960, against the Nikkei 225’s last close at 25,963. In Australia, … Read more
SINGAPORE – Asia-Pacific markets were mixed in Thursday trading with multiple regional markets shedding earlier gains as buoyant sentiment from overnight moves on Wall Street following a Federal Reserve rate hike that equated to its most aggressive such move since 1994 faded. Japan’s Nikkei 225 rose 0.4% on the day to 26,431.20 while the Topix … Read more
Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Tapas Strickland Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S & P … Read more
SINGAPORE – Shares in Asia slipped on Monday morning as investors look ahead to this week’s major Chinese economic data releases as well as a closely watched interest rate decision by the US Federal Reserve. The Nikkei 225 in Japan dropped 2.4% as shares of conglomerate SoftBank Group fell 4.58%. The Topix index shed 1.8%. … Read more