Wall Street recovery, currencies, oil

SINGAPORE – Asia-Pacific shares slipped on Wednesday despite Wall Street recovering most of its losses by the close. Oil futures rose after plunging overnight. Japan’s Nikkei 225 fell about 1% and the Topix index slipped 1.09%. In South Korea, the Kospi declined 0.74%, but the Kosdaq gained 0.82%. The S & P / ASX 200 … Read more

Asia-Pacific markets are mixed as investors search for direction

SINGAPORE – Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S & P / ASX 200 advanced 1.26%, with banking and retail stocks in the green. Japan and mainland China markets were also higher. The … Read more

China PMI data, stocks, currencies, oil

SINGAPORE – Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. Shares of artificial intelligence software company SenseTime … Read more

Asia markets: Stocks, earnings currencies, oil

SINGAPORE – Shares in the Asia-Pacific region were mixed on Tuesday as investors weigh economic concerns. Hong Kong’s Hang Seng index fell 0.86%, while the Hang Seng Tech index slipped 1.67%. Technology investor Prosus NV will sell some of its stake in Tencent to fund a stock buyback of itself and parent Naspers, the Dutch … Read more

recession fears, oil prices, currencies

SINGAPORE – Shares in the Asia-Pacific were higher on Thursday as investors continued to monitor recession concerns. Hong Kong’s Hang Seng index jumped 1.15% in early trade, with the Hang Seng Tech index rising nearly 2%. Mainland Chinese markets traded higher. The Shanghai Composite was up 0.16%, and the Shenzhen Component was 0.64% higher. The … Read more

Asia stocks mixed as investors react to Chinese economic data releases

SINGAPORE – Shares in China led gains in mixed Asia-Pacific trading on Wednesday following the release of better-than-expected Chinese economic data. The Shanghai Composite in mainland China climbed 1.41% while the Shenzhen Component advanced 1.478%. Hong Kong’s Hang Seng index rose 1.42% as shares of Alibaba jumped 4.64%. Shares of Prada in Hong Kong, however, … Read more

Asia stocks continue sliding after Monday losses; Alibaba drops more than 5%

Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Tapas Strickland Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S & P … Read more

Asia stocks slip; investors watch for reaction to China’s May inflation data

SINGAPORE – Shares in Asia-Pacific slipped in Friday morning trade as Chinese inflation data for May came in largely in line with expectations. Investors also looked ahead to the release of US inflation data expected later stateside. In mainland China, the Shanghai Composite shed 0.57% while the Shenzhen component dipped 0.466%. Chinese producer inflation in … Read more

China’s May trade data comes far ahead of expectations

SINGAPORE – Asia-Pacific stocks were mixed in Thursday trade, with investors watching for market reaction to China’s trade data for May that performed above expectations. The Shanghai Composite in mainland China slipped 0.49% while the Shenzhen Component dipped 1.336%. Hong Kong’s Hang Seng index shed around 0.2%. China’s exports jumped 16.9% in May as compared … Read more

Asia-Pacific stocks rise; India’s central bank hikes key rate by 50 basis points, as expected

SINGAPORE – Shares in Asia-Pacific were mixed in Wednesday trade as the Reserve Bank of India’s raised a key interest rate. The RBI will raise the policy repo rate by 50 basis points to 4.9% with immediate effect, Governor Shaktikanta Das said. The repo rate refers to the rate at which the central bank lends … Read more