• 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 […]

  • 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%, […]

  • 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 – […]

  • 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% […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Asian markets, US Federal Reserve, Tokyo inflation, China Caixin services, India

    An hour ago The net losses and the problem of generating income from the Chinese company Bilibili are concerns for investors: analyst According to one analyst, the Chinese internet company Bilibili has a long way to go to profitability. “An income generation problem and net loss are concerns for investors. There is a long road […]

  • Asia Pacific Markets, US Bond Yields, Australia, Japan, Korea

    34 minutes ago South Korean stocks fall with trend after returning from vacation Shares listed in Seoul traded generally higher during Thursday afternoon’s session, bucking the trend in the broader Asia-Pacific region. Investors further processed Wednesday’s economic data, which showed the country posted a narrowed trade deficit as markets closed to celebrate Independence Day, as […]

  • PMI numbers, China, Japan, Australia, manufacturing PMI

    11 minutes ago Australia’s central bank is likely to raise rates again in March, AMP says The Reserve Bank of Australia is likely to raise rates again at its March meeting before pausing for the rest of the year, AMP said in a note. “We think the RBA is closer to pausing the cycle of […]