China’s Xi says Hong Kong is moving ‘from chaos to governance’

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

Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

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

Taiwan and the United States to hold trade talks on Monday

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

Recession, currencies, oil, Russian debt

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

Currencies, oil, Wall Street, stock debut

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

Australia RBA meeting minutes, oil and currencies

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

China loan prime rate, oil and currencies

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

Asia-Pacific markets mixed as investor sentiment remains fragile

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

Asia stocks continue sliding after Monday losses; Alibaba drops more than 5%

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

Japan’s Nikkei 225 drops more than 2% as Asia stocks slip

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