Asia News
Hong Kong drops nearly 3% as Chinese stocks tumble; shares of JD Logistics, Russia’s Rusal fall
Other Asia-Pacific markets Japan stocks moved into negative territory after rising earlier. The Nikkei 225 and the Topix sat below the flatline. Japan reported inflation data, showing its core consumer price index hit a two-year high in March, according to Reuters. Australia’s S&P/ASX 200 stayed in positive territory as it inched up 0.26%, with some gains […]
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Asia-Pacific markets slip after oil prices jump again
Shares in Asia-Pacific slipped in Thursday morning trade after oil prices jumped around 5% on Wednesday. Source
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Japan’s Nikkei 225 rises more than 2% as SoftBank Group shares surge 8%
SINGAPORE — Shares in Japan led gains in Asia-Pacific during Wednesday morning trade, as investors monitored oil prices and continued to assess the outlook for U.S. Federal Reserve monetary policy. The Nikkei 225 rose 2.59% as shares of SoftBank Group jumped 8.03%. The Topix index advanced 1.98%. In Hong Kong, shares of Xiaomi surged 5.49% […]
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Alibaba increases share buyback to $25 billion from $15 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba Group Holding said on Tuesday it upsized its share buyback program to $25 billion from $15 billion, the second time in the past year. Alibaba said it had already re-purchased about $9.2 billion of […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Shares in Asia-Pacific rise as investors await release of China’s benchmark lending rate; oil jumps 2%
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. Oil prices also jumped more than 2%. The S&P/ASX 200 gained 0.41%, with shares of Macquarie Group and Wesfarmers both up more than 1% each. South Korea’s Kospi hovered fractionally higher. Markets […]
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North Korea fires multiple-rocket launcher, South Korea says
People watch a television screen at a railway station in Seoul showing a news broadcast with file footage of North Korean leader Kim Jong Un, on January 20, 2022. North Korea fired what could be a ballistic missile, Japan’s coast guard said on Feb. 27, 2022. Jung Yeon-je | AFP | Getty Images North Korea […]
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Four Americans die as military aircraft crashes in Norway
A file photo of a U.S. Marine Corps MV-22B Osprey. On March 19, 2022, a MV-22B Osprey aircraft belonging to the U.S. Marine Corps was taking part in a military exercise called Cold Response when it crashed in a remote region. Four people on board, believed to be U.S. nationals, were killed. Till Rimmele | […]
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East Timor, Asia’s youngest nation, votes for president
Officials collect ballot boxes in Dili on March 18, 2022, on the eve of the country’s presidential elections. Valentino Dariel Sousa | AFP | Getty Images Polls opened in East Timor on Saturday, as Asia’s youngest nation held its fifth presidential elections since independence, with concerns over political stability and economic security at the forefront. […]
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Hong Kong’s Hang Seng falls more than 2% as volatile week continues; Biden and Xi set to speak
SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as the Bank of Japan held steady on monetary policy. Hong Kong’s Hang Seng index dropped 2.55% in morning trade as shares of Chinese tech titan Tencent slipped more than 4%. The benchmark index has had a volatile week so far, seeing big losses […]
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