Breaking News: Asia
Japan’s Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street
SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan slipped 2.63% in early trade while the Topix index shed 2.31%. Japan’s exports rose 12.5% year-on-year in April, data from the country’s Ministry of Finance showed Thursday. That was lower than expectations for a 13.8% […]
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Asia-Pacific stocks trade mixed; data shows Japan’s economy shrank less than expected in the first quarter
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade. following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.71% while the Topix index traded 0.78% higher. Japan’s economy shrank 1% on an annualized basis in January-March as compared […]
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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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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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China’s economic data disappoint in April as Covid controls weigh
The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours’ drive from Shanghai. Xie Chen | Visual China Group | Getty Images BEIJING — […]
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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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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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