S&P/ASX 200

BUSINESS

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
BUSINESS

Asia-Pacific stocks mostly rise ahead of U.S. midterm elections

Bank of Japan headquarters in Tokyo, Japan Tomohiro Ohsumi | Bloomberg | Getty Images Stocks in the Asia-Pacific traded mostly higher early Tuesday morning as investors digest the Bank of Japan’s summary of opinions and look ahead to the U.S. midterm elections. The Nikkei 225 in Japan rose 1.25% and the Topix was also 1.21% […]

Read More
BUSINESS

Asia-Pacific markets trade higher as investors await China trade data; U.S. midterm elections ahead

China reopening still ‘months away’ despite talk of preparations: Goldman Sachs Speculation of China’s reopening led to a rally in markets last week, but economists at Goldman Sachs say that it’s still “months away.” “The actual reopening is still months away as elderly vaccination rates remain low and case fatality rates appear high among those […]

Read More
BUSINESS

Hong Kong’s Hang Seng index rises 4%; Asia markets mixed ahead of U.S. jobs report

The Hong Kong Stock Exchange in Hong Kong, China, on Wednesday, July 13, 2022. Paul Yeung | Bloomberg | Getty Images Qantas’ shareholders meeting and Singapore’s retail sales data are also slated for Friday. The monthly U.S. employment report is scheduled to be released later. Economists expect 205,000 jobs were added in October, and forecast […]

Read More
BUSINESS

Hong Kong’s Hang Seng index briefly rises 4%; Asia markets mixed ahead of U.S. jobs report

The Hong Kong Stock Exchange in Hong Kong, China, on Wednesday, July 13, 2022. Paul Yeung | Bloomberg | Getty Images Qantas’ shareholders meeting and Singapore’s retail sales data are also slated for Friday. The monthly U.S. employment report is scheduled to be released later. Economists expect 205,000 jobs were added in October, and forecast […]

Read More
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 […]

Read More
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 […]

Read More