China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved … Read more
Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter – The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $ 2.9 billion. The purchase came weeks after the Tesla CEO … Read more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares soared 26.1% in the premarket after a Securities and Exchange Commission filing showed that Tesla CEO Elon Musk had taken a 9.2% passive stake in Twitter. Tesla (TSLA) – Tesla delivered just over 310,000 vehicles during the first … Read more
SINGAPORE – Hong Kong’s Hang Seng index led gains among major Asia-Pacific markets on Monday as Chinese tech stocks in the city jumped. In morning trade, the Hang Seng index gained about 1% as shares of Tencent surged 2.16%. Other Chinese tech stocks also rose, with Alibaba up 2.64% while NetEase soared 4.91%. Markets in … Read more
Asia has seen a wave of stock buybacks, and bank analysts say it’s not stopping anytime soon. Chinese tech giant Alibaba said last week it will increase its share buyback program from $ 15 billion to $ 25 billion. Phone maker Xiaomi announced Tuesday a buyback of up to 10 billion Hong Kong dollars ($ … Read more
Goldman Sachs’ analysts have named a number of "stagflation winners" they think will outperform.
Stock picks and investing trends from CNBC Pro: Oil prices were higher in the afternoon of Asia trading hours of Wednesday, after tumbling on Tuesday and continuing its recent fall. International benchmark Brent crude futures gained 2.34% to $ 102.25 per barrel. US crude futures also rose, climbing 1.79% to $ 98.17 per barrel. Overnight … Read more
SINGAPORE – Shares in China lagged among Asia-Pacific markets on Tuesday, though some losses were pared following the release of Chinese economic data that was far above expectations. Hong Kong’s Hang Seng index led losses regionally, momentarily falling more than 4% before recovering from some of those losses, last trading 2.26% lower. That came after … Read more
The Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, on January 21, 2021 in Hong Kong, China. Zhang Wei | China News Service via Getty Images Hong Kong shares of dual-listed Chinese companies including Nio, JD.com and Alibaba … Read more
Pictured in this image is a video screen in Russian President Putin’s office in the Novo-Ogaryovo residence showing China’s President Xi Jinping, during a bilateral meeting via a video call. Mikhail Metzel | Tass | Getty Images American and European firms have been cutting ties with Russia or at least reducing their business in the … Read more