World Markets

Hong Kong’s Hang Seng index surges nearly 3% in mixed Asia-Pacific trading
World

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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Elliott Associates sues LME for 6 mln over nickel trading halt: HKEX
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Elliott Associates sues LME for $456 mln over nickel trading halt: HKEX

LEON NEAL | AFP | Getty Images Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd, the Hong Kong bourse said on Monday. LME and LME Clear Limited have been named as […]

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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means
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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means

Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made […]

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Asia-Pacific stocks set for higher start after overnight Wall Street jump
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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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Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions
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Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions

All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images Oil prices dropped more than 2% following a report that Saudi Arabia is prepared to raise crude production if Russia’s output significantly falls following European Union sanctions. […]

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Asia-Pacific stocks set for mixed start; Australia’s April trade data ahead
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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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Dutch DSM and Swiss Firmenich join forces in cash and shares deal
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Dutch DSM and Swiss Firmenich join forces in cash and shares deal

Dutch specialty chemicals maker DSM on Tuesday said it would merge with Swiss peer Firmenich in a deal involving shares and cash, to become a leading supplier of food ingredients and beauty and well-being products. The companies said the merger, expected to be finalised in the first half of next year, could lead to an […]

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Asia-Pacific stocks set for lower start as investors await China’s factory activity data for May
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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
World

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
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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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