Asia News
Asia-Pacific markets rise; Reserve Bank of Australia decision ahead
SINGAPORE — Shares in the Asia-Pacific traded higher as investors look ahead to the Reserve Bank of Australia’s rate decision. South Korea’s Kospi increased 1.29%, and the Kosdaq advanced 3.25%. SK Hynix jumped 3.37% while Naver rose 3.19%. The Nikkei 225 in Japan gained 0.82%, while the Topix index rose 0.4%. Hong Kong’s Hang Seng […]
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Asia-Pacific markets set to open higher; central bank decisions ahead this week
SINGAPORE — Asia-Pacific futures pointed to a higher open on Monday ahead of Australia and Malaysia central bank decisions this week. The Nikkei futures contract in Chicago was at 26,285 while its counterpart in Osaka was at 26,320. That compared against the Nikkei 225’s last close at 25,935.62. In Australia, SPI futures were at 6,545, […]
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China’s Xi says Hong Kong is moving ‘from chaos to governance’
Chinese President Xi Jinping and Hong Kong’s new Chief Executive John Lee at the swearing-in ceremony on July 1, 2022. Xi, in his first trip outside the mainland since Covid struck, presided over the ceremony. Justin Chin | Bloomberg | Getty Images BEIJING — Chinese President Xi Jinping on Friday laid out a future for […]
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Asia-Pacific markets poised to trade lower; survey on China’s factory activity results ahead
SINGAPORE — Asia-Pacific futures pointed to a lower open on the first day of the new quarter as investors wait for the results of a private survey on Chinese factory activity. The Nikkei futures contract in Osaka was at 26,380. That’s compared against the Nikkei 225’s last close at 26,393.04. In Australia, SPI futures were […]
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Grayscale sues SEC after rejection of bid to turn the largest bitcoin fund into an ETF
The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the U.S. Securities and Exchange Commission after regulators turned down […]
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Asia-Pacific markets slip; China PMI data ahead
SINGAPORE — Shares in the Asia Pacific fell at the market open on Thursday as investors await data from China. The Nikkei 225 in Japan dropped 0.72% in early trade, while the Topix slipped 0.76% In Australia, the S&P/ASX 200 fell 0.33%. South Korea’s Kospi declined 0.76%, while the Kosdaq was 0.19% lower. MSCI’s broadest index […]
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Australia’s retail sales beat forecasts again in May
Shoppers around Pitt Street Mall on June 7, 2022, in Sydney, Australia. Australian retail sales again beat expectations in May as consumers spent more on eating out and in department stores, suggesting demand is proving resilient in the face of surging inflation and rising interest rates. Brendon Thorne | Getty Images News | Getty Images […]
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Shares in the Asia Pacific fall; Australia retail sales rise
SINGAPORE — Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Japan’s consumer confidence data release. Hong Kong’s Hang Seng index declined about 1% in early trade, while the Hang Seng Tech index dropped 1.44%. In South Korea, the Kospi dropped 1.55%, while […]
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Asia-Pacific stocks rise slightly as investors weigh economic concerns
SINGAPORE — Shares in the Asia-Pacific region were slightly higher on Tuesday as investors weigh economic concerns. Japan’s Nikkei 225 was up 0.11%, while the Topix rose 0.26%. In South Korea, the Kospi climbed 0.51% and the Kosdaq inched up 0.29%. Australia’s S&P/ASX 200 was 0.22% higher. There is a clear lack of conviction by […]
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Destruction everywhere, help scarce after Afghanistan quake
A child walks amidst the rubble of damaged houses following a powerful earthquake in Bernal district, Paktika province on June 23, 2022. At least 1,150 people are reportedly dead, according to authorities’ estimates. Ahmad Sahel Arman | AFP | Getty Images When the ground heaved from last week’s earthquake in Afghanistan, Nahim Gul’s stone-and-mud house […]
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