Asia News
Air travel is making a strong comeback, but Asia is lagging behind, IATA says
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International Air Transport Association (IATA). “Last year, international travel was at about 25% of where it was in 2019. First quarter of this year across the globe, it’s up […]
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Tesla stops taking orders for Cybertruck outside North America
Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. FREDERIC J. BROWN | AFP | Getty Images U.S. electric vehicle manufacturer Tesla has stopped taking orders for its upcoming Cybertruck pickup truck outside of North America, according […]
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Asia-Pacific stocks mixed; Reserve Bank of Australia meeting minutes ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with investors looking ahead to the release of meeting minutes from the Reserve Bank of Australia. The Nikkei 225 in Japan slipped 0.13% in early trade while the Topix index hovered above the flatline. South Korea’s Kospi climbed 0.46% while the S&P/ASX 200 in […]
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Tesla delays plan to restore Shanghai output to pre-lockdown levels, memo shows
A Tesla store is seen in Shanghai, China, Feb 1, 2022. Costfoto | Future Publishing | Getty Images Tesla has delayed a plan to restore production at its Shanghai plant to levels before the city’s Covid -19 lockdown by at least a week, according to an internal memo seen by Reuters. The U.S. electric car […]
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North Korea’s Kim orders military to ‘stabilize’ drug supply amid Covid outbreak
North Korea acknowledged for the first time last week that it is battling an “explosive” Covid-19 outbreak. In this file photo, employees are seen spraying disinfectant as part of preventative measures against the virus at the Yokjon Department Store in Pyongyang on October 20, 2021. Kim Won Jin | AFP | Getty Images North Korean […]
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Most Asia markets give up gains, China stocks fall after economic numbers disappoint
SINGAPORE — Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged in before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at […]
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Asia-Pacific stocks set for lower start as Fed’s Powell warns he can’t guarantee ‘soft landing’
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Friday, as investors continue to remain cautious over inflation and the global economic outlook. The Nikkei futures contract in Osaka sat at 25,700, as compared against the Nikkei 225’s last close at 25,748.72. Australian stocks also appeared poised for a lower start, with […]
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Asia-Pacific markets slip after data shows U.S. inflation near 40-year highs in April
Stock picks and investing trends from CNBC Pro: The U.S. consumer price index surged 8.3% in April as compared with a year ago — near the highest level in more than 40 years, official data showed Wednesday, . The April reading, which represented a slight ease from March’s peak, was also above the Dow Jones […]
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Asia-Pacific stocks set for opening declines following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Tuesday following big losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,060 while its counterpart in Osaka was at […]
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It would be a ‘big stretch’ to describe Hong Kong’s election as genuine, says consultancy
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David Dodwell of Strategic Access says it’s apposite that the government in China itself is calling it a “democracy with Hong Kong characteristics.” Source
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