Tag: Hang Seng index
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Hong Kong shares rise 2% as Alibaba lifts tech stocks; Asian markets tend to rise
3 hours ago Alibaba’s overhaul could be followed by tech peers: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big shakeup could be followed by its Chinese tech peers. “I think investors are saying what we saw in Alibaba, really the leader in Chinese technology, that their plans can be used by others,” Ahern said, […]
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Asian markets are mixed as banking sector stress continues
40 minutes ago CNBC Pro: Here’s how to spot a good growth stock, according to a fund manager “As a growth manager, how do you recognize good growth companies?” fund manager Ian Mortimer told CNBC Pro Talks Wednesday, when he shared his strategy for spotting outperforming stocks. Mortimer manages the growth and innovation-focused Guinness Global […]
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Asian markets are largely down as investors weigh Yellen’s comments about banks
5 hours ago Finance Minister Yellen says emergency measures to support banks could be used again if necessary Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to hold back clients of Silicon Valley Bank and Signature Bank could be used again if necessary. “We have used important tools to act quickly to […]
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Janet Yellen’s guarantee to banks has a catch
US Treasury Janet Yellen speaks at the American Bankers Association Washington Summit on March 21, 2023 in Washington, DC. Drew Anger | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to […]
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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 […]