Asia News
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 […]
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Beijing loyalist John Lee will be Hong Kong’s next leader
John Lee, a Beijing loyalist, has been picked to be the city’s next chief executive. Bloomberg | Getty Images John Lee, a Beijing loyalist, has been elected as Hong Kong’s next Chief Executive. Lee, the only candidate for Hong Kong’s top post, won more than 1,416 votes in Sunday’s election. He only needed a simple […]
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Chinese calculations on Taiwan affected by Ukraine conflict, says CIA director
The U.S. believed China was unsettled by the reputational damage of being associated with the “brutishness” of Russian President Vladimir Putin’s military action, says U.S. Central Intelligence Agency Director William Burns. Alexei Druzhinin | AFP | Getty Images U.S. Central Intelligence Agency Director William Burns said on Saturday that China is closely monitoring Russia’s conflict […]
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China to ban minors from tipping livestreamers, watching after 10 p.m.
Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China. VCG | Getty Images China’s broadcasting regulator put forth new rules on Saturday that forbid […]
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Ice cream freezers to get ‘warmed up’ in trial by Ben & Jerry’s owner
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will be minus 12 degrees Celsius. Chris Ratcliffe | Bloomberg | Getty Images Unilever — which owns brands including Ben & Jerry’s, Magnum and Wall’s — […]
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U.S. regulators are in China for audit deal talks: Reuters, citing sources
The U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. U.S. regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people familiar with the matter told Reuters. Al Drago | Bloomberg | Getty Images U.S. regulatory officials […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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Hong Kong’s Hang Seng rises nearly 2%, mainland China stocks mixed on return from holidays
It was the push back on a 75bp hike from the US Fed Chair Powell that set the market rally in motion. Lavanya Venkateswaran economist, Mizuho Bank The S&P/ASX 200 in Australia climbed 0.64%, while MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.35% higher. Markets in Japan and South Korea are closed on […]
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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Australian markets set to fall ahead of closely watched interest rate decision
SINGAPORE — Stocks in Australia were poised to fall Tuesday ahead of a rate decision by the country’s central bank. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,299, as compared to the S&P/ASX 200’s last close at 7,347. Economic data in the day ahead includes Australia’s interest […]
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