Tag: South Korea
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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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In Liverpool, plans for a ‘mega project’ for tidal energy are taking shape
The River Mersey and the City of Liverpool. Ingus Kruklitis / Eyeem | Eye | Getty Images The iconic River Mersey could soon play a major role in the UK’s sustainable future. Authorities in Liverpool want the river to be home to a massive tidal energy project that they say could power as many as […]
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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, 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 […]
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Asian Markets to Drop After Worst Week of 2023 on Wall St; Governor of the Bank of Japan speaks with Japan’s upper house
Fri, Feb 24, 2023 8:36 AM EST Fed’s Mester says interest rates must go above 5% to quell inflation Interest rates must go even higher to bring inflation down, Cleveland Federal Reserve President Loretta Mester said Friday. “I see we need to get interest rates above 5%,” she told CNBC’s Steve Liesman during a “Squawk […]
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US wholesale prices, Hong Kong census, Reserve Bank of Australia, Singapore
3 minutes ago Singapore’s domestic exports excluding oil fell 25% in January, further than expected Singapore’s domestic exports excluding oil fell 25% in January compared to a year ago, after falling 20.6% in December 2022. The drop was bigger than economists polled by Reuters had expected — predicted a 22% year-over-year decline. Meanwhile, non-oil re-exports […]