Breaking News: Asia
Singapore names new deputy prime minister in cabinet reshuffle
Singapore’s Finance Minister Lawrence Wong will be promoted to deputy prime minister, in a cabinet reshuffle announced on June 6. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong has named Finance Minister Lawrence Wong as deputy prime minister in a cabinet reshuffle that will take effect next Monday. […]
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Hong Kong’s Hang Seng index surges nearly 3% in mixed Asia-Pacific trading
SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with Chinese stocks leading gains regionally as tech stocks in Hong Kong surged. Hong Kong’s broader Hang Seng index closed 2.71% higher at 21,653.90. Shares of Chinese tech firms in Hong Kong soared following a Wall Street Journal report that regulators in China are concluding probes […]
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Asia-Pacific stocks set for higher start after overnight Wall Street jump
SINGAPORE — Shares in Asia-Pacific looked set for a positive Friday start following gains overnight on Wall Street. Investors will also be looking ahead to the release of U.S. jobs data for May. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,770 while its counterpart in […]
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Asia-Pacific stocks set for mixed start; Australia’s April trade data ahead
SINGAPORE — Shares in Asia-Pacific looked set for a mixed Thursday start, with Australia’s April trade data expected later in the day. Futures pointed to a muted open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,450 while its counterpart in Osaka was at 27,460, against the Nikkei 225’s last close at […]
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Asia-Pacific stocks set for lower start as investors await China’s factory activity data for May
SINGAPORE — Shares in Asia-Pacific looked set for a lower Tuesday start as investors await the release of official Chinese factory activity data for May. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,325 while its counterpart in Osaka was at 27,320. That compared against the […]
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Asia-Pacific stocks rise ahead of major economic data this week
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.21% in early trade as shares of robot maker Fanuc jumped more than 2%. The Topix index traded 1.01% higher. The Kospi in South Korea also […]
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Asia-Pacific stocks rise; Alibaba announces better-than-expected fourth-quarter earnings
SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. The Nikkei 225 in Japan gained 1.41% as shares of conglomerate SoftBank Group surged 5%. The Topix index advanced 1.08%. South Korea’s Kospi also jumped […]
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Shares in Asia-Pacific nudge higher; New Zealand central bank hikes rates again
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday trade, with New Zealand’s central bank announcing yet another rate hike. Hong Kong’s Hang Seng index advanced 0.64% by the afternoon, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.145%. The Nikkei 225 in Japan climbed 0.11% while […]
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Asia-Pacific markets subdued as investors weigh possible U.S. tariff cut on China goods
SINGAPORE — Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South […]
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Airbnb is closing its domestic business in China, sources say
Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speaks during a news conference in Tokyo, Japan, on Thursday, June 6, 2019. Akio Kon | Bloomberg | Getty Images Airbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the […]
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