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

Asia-Pacific stocks rise; India’s interest rate decision ahead

SINGAPORE – Shares in Asia-Pacific rose in Wednesday morning trade as investors look ahead to the Reserve Bank of India’s latest interest rate decision expected later today. The Nikkei 225 in Japan advanced 0.94% while the Topix index climbed 1.08%. Japan’s economy shrank an annualized 0.5% in the first quarter, revised government data showed Wednesday … Read more

Private survey on Chinese services sector activity in May released

SINGAPORE – Shares in Asia-Pacific were mixed in Monday trade, as a private survey showed another contraction in China’s service sector activity for May. Chinese stocks led gains among the region’s major markets, with the Shanghai Composite up 1.05% while the Shenzhen Component surged 2.521%. Hong Kong’s Hang Seng index advanced 1.09%. China’s Caixin Services … Read more

Japan leads gains as Asia stocks rise ahead of US jobs data

SINGAPORE – Shares in Asia-Pacific rose in Friday trade following gains overnight on Wall Street. Investors will also be looking forward to the release of US jobs data for May. Japanese stocks led gains among the region’s major markets, with the Nikkei 225 gaining 1.2% as shares of Fast Retailing soared close to 6%. The … Read more