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 JD.com fell 4.6% and 5.34% respectively. Heath care, consumer … Read more
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
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
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.
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
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
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
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
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
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