SINGAPORE – Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix … Read more
SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more
SINGAPORE – Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at one … Read more
The Federal Minister of Foreign Affairs, Annalena Baerbock, will host and lead the work process of the G7 foreign ministers on May 14, 2022 in Weissenhaus, Germany. Janine Schmitz | Photothek | Getty Images Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political isolation, continue supplying weapons to Ukraine and … Read more
Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images Dubai’s Emirates Airline narrowed its losses to $ 1.1 billion in the year to March, even as soaring jet fuel costs threaten to overshadow a recovery in travel demand. The world’s largest long haul carrier … Read more
US Treasury prices slipped on Friday and yields jumped as investors sold out of government bonds and looked to move back into stock markets. The yield on the benchmark 10-year Treasury note surged 11 basis points to 2,929%. The yield on the 30-year Treasury bond climbed 12 basis points to 3,092%. Yields move inversely to … Read more
SINGAPORE – Shares in Asia-Pacific looked set for a lower start on Wednesday as investors await the release of inflation data from China and the US The Nikkei futures contract in Chicago was at 26,110 while its counterpart in Osaka was at 26,060 – lower than the Nikkei 225’s last close at 26,167.10. Australian stocks … Read more
SINGAPORE – Most Asia-Pacific markets fell on Tuesday after heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Hong Kong’s Hang Seng index, which returned to trade after a holiday on Monday, fell 2.73% in morning trade on Tuesday. Hong Kong-listed shares of Chinese tech firms dropped, with … Read more
Stock picks and investing trends from CNBC Pro: Elsewhere, South Korea’s Kospi dipped 0.86% while the S & P / ASX 200 in Australia declined 1.56%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.78% lower. “We’ve cautioned about getting too bearish,” Steve Brice, chief investment officer at Standard Chartered Wealth Management, told CNBC’s … Read more
SINGAPORE – Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed … Read more