Asia News
Asia-Pacific markets in positive territory; RBA poised to release meeting minutes
SINGAPORE — Asia-Pacific markets were mostly buoyant in early trade on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank is poised to release meeting minutes in the morning. Japan’s Nikkei 225 was 1.19% higher in early trade while the Topix rose by 1.2%. The Kospi in South Korea was […]
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‘Revenge travel’ is taking place throughout Asia-Pacific, says industry body
Subhas Menon of the Association of Asia Pacific Airlines says that because Asia-Pacific was the region that was closed for the longest period and with the most stringent Covid-19 restrictions, it will take some time before its travel demand returns to pre-pandemic levels. Source
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Macao’s Covid outbreak shuts most businesses and restaurants, but casinos stay open
Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images The world’s biggest gambling hub Macao began its second day of mass Covid-19 testing on Monday, with banks, schools, government services and other […]
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Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. The Nikkei 225 in Japan gained 0.58% in early trading while the Topix index climbed 0.45%. In South Korea, the Kospi also advanced 0.14%. Australia’s S&P/ASX 200 dipped fractionally. MSCI’s broadest index […]
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Asia-Pacific markets set to rise after largest Fed rate hike since 1994
SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking U.S. 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. Sony […]
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Asia-Pacific stocks slip; China’s May retail sales, industrial production out ahead
SINGAPORE — Shares in Asia-Pacific slipped in Wednesday morning trade following overnight losses on Wall Street as the S&P 500 fell deeper into bear market territory. Investors in the region will also be looking ahead to the release of Chinese economic data expected later today. The Nikkei 225 in Japan slipped fractionally in early trading […]
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Australia’s S&P/ASX 200 drops 5% as Asia-Pacific stocks fall
SINGAPORE — Shares in Asia-Pacific fell in Tuesday morning trade after the S&P 500 fell overnight and closed in bear market territory. Australia’s S&P/ASX 200, which returned to trade Tuesday following a holiday yesterday, plunged about 5% and led losses among the region’s major markets. The Nikkei 225 in Japan fell 2% while the Topix […]
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Asia markets tumble; Japan, South Korea and Taiwan fall more than 2% as tech stocks drop
SINGAPORE — Shares in Asia tumbled on Monday, as major markets in the region saw sharp losses of more than 2% amid a tech sell-off. The Nikkei 225 in Japan dropped 2.8%, and shares of conglomerate SoftBank Group sliding more than 4%. The Topix index fell 2.2%. South Korea’s Kospi fell 2.8%, led by tech […]
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Thailand makes marijuana legal, but smoking is discouraged
Thailand’s government has warned that those eager to light up for fun that smoking in public could still be considered a nuisance, subject to a potential 3-month jail sentence and 25,000 baht ($780) fine. Sopa Images | Lightrocket | Getty Images Thailand made it legal to cultivate and possess marijuana as of Thursday, like a […]
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Asia-Pacific stocks set for lower start ahead of China and U.S. inflation data
SINGAPORE — Shares in Asia-Pacific appeared set for a lower start on Friday as investors look ahead to the release of May inflation data from China and the U.S. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,085 while its counterpart in Osaka was at 27,980 […]
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