Tag: Breaking News: Asia
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Japanese equities up around 2%, leading gains in Asia ahead of Fed’s key interest rate decision
2 hours ago Health Care and Consumer Disclosures Lead Hang Seng Higher The Hang Seng index led gains in the Asia-Pacific region on Wednesday, driven by healthcare stocks and consumer cyclicals. Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year-over-year revenue increase for all of 2022 and an […]
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Asia markets UBS, Credit Suisse; China, prime rates on loans
47 minutes ago China leaves prime rates for 1-year and 5-year bonds unchanged The People’s Bank of China left 1-year and 5-year loan prime rates unchanged after cutting its reserve requirement ratio for almost all banks with 0.25 percentage point last week. The 1-year LPR remained at 3.65% while the 5-year LPR remained at 4.3%, […]
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Asian markets, banks, Europe, US, rescue plans
An hour ago Tech stocks lead Hong Kong index rise; Baidu up more than 10% The Hang Seng index led gains in the Asia-Pacific region on Friday, driven in part by the rise in technology stocks. Baidu rose almost 12% after its US-listed shares rose overnight, following the launch of its Chinese-language ChatGPT alternative – […]
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Japan’s Topix drops 3% in Asian sell-off over concerns from Silicon Valley Bank
11 minutes ago Declines Topix led by financials, energy and consumer cyclicals Drops in Japan’s Topix were led by financials, energy and consumer cyclicals during Tuesday morning trading, data from Refinitiv showed. The index fell more than 3% to its lowest level since mid-January – with financials losing more than 6%. Energy stocks lost 4.26% […]
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Asian markets, Silicon Valley Bank, crypto
An hour ago SM Entertainment’s shares are down nearly 20% after Hybe dropped its takeover bid Shares of South Korean entertainment company SM Entertainment fell nearly 20% after rival Hybe announced it would withdraw its takeover offer this weekend. In a statement on Sunday, Hybe — the company behind K-pop sensation BTS — said it […]
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Shares in Hong Kong, Australia plummet as Asia continues sell-off on Wall Street; Bank of Japan holds rates
An hour ago Bank of Japan will leave policy unchanged as expected The Bank of Japan left its monetary policy unchanged, broadly in line with expectations. The central bank kept its negative rate at -0.1% and reiterated its target to keep the yield on the 10-year Japanese government bond around 0%. “The Japanese economy, despite […]
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Asia Pacific markets, Fed, rate hikes, RBA
CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says investors should be […]
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Asia Pacific markets, Fed, rate hikes, RBA
14 minutes ago CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says […]
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Asian markets are rising as investors digest China’s modest growth target
An hour ago CNBC Pro: Wall Street Pros Name Stock Markets Biggest Risk — And Show How To Trade It Equity markets are largely in the green this year, but there is turmoil about the rally, with several risk factors still plaguing the market. How should investors trade the market? Wall Street professionals weigh in […]
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China sets GDP target of ‘around 5%’ for 2023
China has set a growth target of “around 5%” for 2023, according to Premier Li Keqiang’s work report released on Sunday. China also set a target of 3% for the consumer price index and a 5.5% unemployment rate for people living in cities – with the creation of about 12 million new urban jobs. The […]