Breaking News: The Markets

Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …

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Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Indian stocks hit all-time highs Indian stocks hit new highs in Monday’s session. The Nifty 50 Index, the flagship index of the National Stock Exchange of India, reached 18,611.05, surpassing the previous intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 during the morning session in India, also surpassing previous record …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets Read More »

Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets Read More »

Hong Kong shares fall 2% on Covid fears;  China keeps interest rates unchanged

Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged

Hong Kong movers: Reopening and tech stocks fall as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the …

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Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Japan sees core inflation at 40-year high as Asia-Pacific stocks trade mixed

Alibaba saw delivery disruptions during Singles Day, CEO says Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistics service in different locations,” according to a FactSet transcript of the quarterly earnings call from the company on Thursday. Zhang noted that logistical disruptions had …

Japan sees core inflation at 40-year high as Asia-Pacific stocks trade mixed Read More »

Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Philippines central bank expects economy to see ‘low growth’ next year, not recession Central Bank Governor Felipe Medalla of the Central Bank of the Philippines (BSP) said the economy is expected to see “low growth” of less than 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the …

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Fed's Bullard says rate hikes have had 'limited effects' on inflation so far

Fed’s Bullard says rate hikes have had ‘limited effects’ on inflation so far

St. Louis Federal Reserve Chairman James Bullard said Thursday that the central bank still has a lot of work to do before bringing inflation under control. A voting member of the Federal Open Market Committee responsible for setting rates, Bullard delivered remarks centered on a rules-based approach to policy-making. Using standards set by Stanford economics …

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Hong Kong Stocks Up 3% as Tech Stocks Rise;  China's activity data disappoints

Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints

Fertilizers key to reviving Black Sea grains deal, expert says A greater focus on fertilizers will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior adviser at the Center for Humanitarian Dialogue. He explained that 70% of fertilizer production facilities in Europe are …

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Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Foreign tourist arrivals will not return to pre-Covid levels until 2025, Indonesian minister says Foreign tourist arrivals in Indonesia will not return to pre-Covid levels until 2025, according to the country’s tourism ministry. Sandiaga Uno, the country’s tourism and creative economy minister, said foreign tourist arrivals are currently at 25% of pre-pandemic levels. The government …

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