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

Fed raises rate, oil prices and currencies

SINGAPORE – Asia-Pacific markets rallied on Thursday, tracking US stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of ​​green among the automakers and tech stocks. … 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

Klarna to lay off 10% of its workforce

Buy now, pay later products like Klarna’s became wildly popular in the Covid pandemic. Noam Galai | Getty Images Klarna plans to lay off about 10% of its global workforce, making the buy now, pay later firm the latest major tech company to announce job cuts. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement … Read more

Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE – Shares in Asia-Pacific were mixed Wednesday morning following overnight comments from US Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.7% while the Topix index traded 0.67% higher. Japan’s economy shrank 1% on an annualized basis in January-March as … Read more

SoftBank plans to keep majority stake after Arm IPO

Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images Japanese tech conglomerate SoftBank intends to keep a majority stake in UK chip designer Arm when it lists the company through an initial public … Read more

SoftBank Vision Fund posts record $27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro Takahashi | Bloomberg | Getty … Read more

Tech stocks in Asia fall dragging down Hong Kong’s Hang Seng by nearly 3%

SINGAPORE – Shares in Asia-Pacific fell during Tuesday morning trade after heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Hong Kong’s Hang Seng index, returning to trade following a Monday holiday, fell 3% in early trade on Tuesday morning. Hong Kong-listed shares of Chinese tech firms dropped, … Read more

Asia-Pacific stocks slip; China’s April trade data ahead

SINGAPORE – Shares in Asia-Pacific declined in Monday morning trade as investors look ahead to the release of Chinese trade data for April. In Japan, the Nikkei 225 fell 1.22% in early trade as shares of conglomerate SoftBank Group dropped more than 2%. The Topix index shed 0.89%. South Korea’s Kospi dipped 0.34% while the … Read more