SHENZHEN COMPONENT INDEX

BUSINESS

Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed

JD.com shares drop after company cuts senior management pay Hong Kong-listed shares of JD.com traded more than 5% lower in the afternoon after the company confirmed pay cuts of its senior management team. The Chinese e-commerce giant confirmed that it will slash the cash salaries of its senior management team by up to 20%, effective […]

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BUSINESS

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank […]

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BUSINESS

Hong Kong stocks jump after China trims quarantine period, up more than 7%

Oil prices rise more than 2% on back of China easing quarantine measures Reopening stocks jump after China’s eased Covid measures reported China trims Covid quarantine time by two days Chinese state media announced on Friday that the country will reduce quarantine time for international travelers by two days. The revised rules state travelers will […]

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BUSINESS

Stocks drop after the Fed signals more hikes ahead

Investors should remain cautious about unverified notes on China reopening: Credit Suisse Investors need to “remain cautious” about unverified notes circulating on social media hinting at a potential China reopening early next year, a strategist at Credit Suisse said. “I think, judging from different angles with a lot of news flows — especially the unverified […]

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BUSINESS

Hong Kong stocks slip; Asia markets mixed ahead of Fed rate decision

Oil prices rise following industry report of fall in U.S. crude inventories Oil prices rose on Wednesday as persisting demand in spite of high interest rate hikes, industry reports showed a drop in U.S. crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand […]

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BUSINESS

Stocks higher ahead of RBA decision; Caixin PMI below 50

China’s factory activity shrank for a third consecutive month in October, private survey says The Caixin manufacturing Purchasing Managers’ Index for October showed that factory activity contracted for the third month in a row. The reading came in at 49.2, compared with expectations for a print of 49. In September, the manufacturing PMI was at […]

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BUSINESS

Stocks lower, Japanese yen nears 150 per dollar

Japanese yen nears 150 against the U.S. dollar The Japanese yen edged close to 150 against the greenback, at levels not seen since August 1990. It was last at 149.94 per dollar. The yen hovered around 159.8 levels in April 1990, and last breached 160-levels in December 1986. Japanese officials commented against further weakening of […]

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BUSINESS

Asia-Pacific markets rise after Wall Street jump; yen near 149-levels

A man in a mask is seen in front of The Australian Stock Exchange logo on March 13, 2020 in Sydney, Australia. Jenny Evans | Getty Images Shares in the Asia-Pacific traded higher on Tuesday after Wall Street’s rally overnight. In Australia, the S&P/ASX 200 gained 1.68%, leading gains in the wider region. The Reserve Bank […]

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BUSINESS

China stocks recover in mixed Asia trade; yen weakens past 146 – CNBC

China stocks recover in mixed Asia trade; yen weakens past 146  CNBC Stock market news today: stocks trade mixed ahead of earnings, CPI  Markets Insider Stocks Slump Deepens, Dollar Rises on Haven Demand: Market Wrap  Yahoo Finance European markets slightly lower as investors look ahead to U.S. inflation data  CNBC Asian shares mixed ahead of inflation, earnings reports  The Hill […]

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