Data shows contraction in Chinese manufacturing activity

SINGAPORE – Shares in Asia-Pacific fell Friday morning following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Hong Kong’s Hang Seng index led losses regionally, falling 1.37% in morning trade. Chinese tech stocks in Hong Kong saw big losses, with Alibaba falling 5.35% and Meituan slipping 4.88%. … Read more

Oil prices slide as Biden considers huge reserves release

A general view shows Marathon Petroleum’s oil refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, March 9, 2022. David Ryder | Reuters LONDON – Oil prices dropped sharply on Thursday after reports that US President Joe Biden is considering the release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR). … Read more

Tumultuous month for markets with Russia-Ukraine war

LONDON – European stocks are expected to open higher on the last trading day of March, a month marked by global geopolitical and economic uncertainty after Russia’s invasion of Ukraine. The UK’s FTSE index is seen opening 22 points higher at 7,578, Germany’s DAX 94 points higher at 14,660, France’s CAC 40 up 48 points … Read more

Oil falls more than 3% in mixed Asia-Pacific trading day

SINGAPORE – Shares in Asia-Pacific were mixed in Thursday morning trade as oil prices fell sharply. In the morning of Asia trading hours, international benchmark Brent crude futures fell 3.92% to $ 109 per barrel. US crude futures dropped 4.62% to $ 102.84 per barrel. US President Joe Biden’s administration is considering a plan to … Read more

Asia-Pacific markets up as investors watch oil prices, yen weakness

SINGAPORE – Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.77% in early trade, as casino and tech stocks rose. Property shares however went against the wider trend, as Sunac plummeted nearly 14% … Read more

Stock futures are flat ahead of consumer confidence data

Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average dipped 20 points or 0.06%. S&P 500 futures were flat, while Nasdaq 100 futures inched 0.1% lower. During Monday’s regular trading session, the Dow Jones Industrial Average rose … Read more

Oil slides more than 7% as Shanghai lockdown prompts demand fears

Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 7% during Monday morning trading on Wall Street as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the US oil benchmark, slipped $ 8.89 or 7.8%, to trade at $ 105.01 per … Read more

Yemen’s Houthis claim attack on Aramco facility after reports of a huge fire

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters A huge plume of smoke could be seen above an oil facility in the Saudi Arabian city of Jeddah on Friday, according to multiple media reports, with Yemen’s Houthi group claiming they had attacked an … Read more

Asia-Pacific markets slip after oil prices jump again

Shares in Asia-Pacific slipped in Thursday morning trade after oil prices jumped around 5% on Wednesday.

Japan, Hong Kong markets jump more than 2%; SoftBank shares surge 8%

SINGAPORE – Shares in Japan and Hong Kong jumped during Wednesday morning trade, as investors monitored oil prices and continued to assess the outlook for US Federal Reserve monetary policy. Japan’s Nikkei 225 rose 2.66% as shares of SoftBank Group jumped 8.27%. The Topix index advanced about 2%. In Hong Kong, the Hang Seng index … Read more