Stocks fall, China consumer inflation rises

SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the US CPI report. Hong Kong’s Hang Seng index fell 2.29% in the final hour of trade, with the Hang Seng Tech index down 3.43%. Heavyweights Meituan and fell 4.6% and 5.34% respectively. Heath care, consumer … Read more

Wall Street global stock picks

It has been an unforgettable first half for investors – and not in a good way, as a brutal sell-off swept across global equity markets and brought major indices to new lows. The S&P 500 suffered its worst first half since 1970, while the Nasdaq Composite’s 28.9% decline for the first six months condemned the … Read more

Here’s what China’s Alibaba and Kuaishou say about the economy

Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING – Alibaba was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players … Read more

Goldman says Beijing is stepping up support for businesses — and names stocks that will get a boost

Whether it’s more government spending or an interest rate cut, Goldman Sachs is expecting a range of policy support in China – and has stock picks for each policy.

JPMorgan upgrades its view on China’s Alibaba, Tencent and Meituan

This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via Getty Images JPMorgan has upgraded Chinese … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more

Hong Kong’s Hang Seng index drops 3% as Asia stocks fall

SINGAPORE – Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed … Read more

investors monitor Bank of Japan decision, China’s Covid

SINGAPORE – Asia-Pacific stocks were mixed in Thursday morning trade, as investors in the region looked ahead to the Bank of Japan’s latest monetary policy decision. Meanwhile, Chinese tech stocks rose, boosted by news to support the economy. The Nikkei 225 in Japan rose 0.16% while the Topix index climbed 0.49%. Japan’s retail sales rose … Read more

Chinese stocks climb back into positive territory from losses in mixed Asia trading

SINGAPORE – Shares in Asia-Pacific were mixed in Wednesday morning trade after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Mainland Chinese stocks attempted to bounce back from days of losses. In Wednesday morning trade, the Shanghai Composite gained around 0.4% while the Shenzhen Component climbed 0.85%. Hong Kong’s … Read more

Technology stocks in Asia slip; 10-year U.S. Treasury yield surges

SINGAPORE – Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more