BANGKOK (AP) — Shares fell Monday in Asia after Wall Street benchmarks closed out their worst week since early December. U.S. futures edged higher while oil prices fell. Reports on inflation, the jobs...
Tag: Hang Seng Index
Asian shares mostly rise, but Hang Seng drops over 2% as Alibaba tumbles on reports of headquarter shift
BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong ...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
Asia-Pacific’s benchmark index enters a bull market, thanks to China’s reopening
The Chinese and Hong Kong flags flutter outside the Exchange Square complex in Hong Kong on Feb. 16, 2021. Zhang Wei | China News Service via Getty Images Asia-Pacific’s leading index entered a ...
Alibaba Stock Is Soaring. What’s Driving Its Big Move.
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a bu...
Asian markets mostly rise ahead of Fed update
BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more intere...
China Relaxes Covid Curbs. But Is Now The Time To Buy Stocks?
Healthcare workers exit a locked down neighborhood in Shanghai’s Huangpu district after spraying disinfectant. STR/AFP via Getty Images China is finally shifting away from some of its strictest ...
Hang Seng still in bear market territory despite best month since 1998
Red lanterns are hung up on the street in Wan Chai, Hong Kong. (Photo by Zhang Wei/China News Service via Getty Images) China News Service | China News Service | Getty Images Hong Kong’s benchma...
Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets
U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue...
Many investors are betting on an inflation peak. Here’s why a former hedge-fund manager says they’re wrong.
Investors are waking up to big trouble in big China. Stock futures and oil prices are falling after angry anti-COVID zero protests swept the country. “This is a sudden powerful new distraction for mar...
Why Did Chinese Stocks Drop Some 13% In October 2022?
| Getty Images Key Takeaways The Hang Seng Index, a Hong Kong stock index that features many Chinese companies, was down more than 36% year-to-date and 13% in the month. The fall came on the back of X...
China eases Covid measures, trims quarantine time by two days
BEIJING — China reduced the quarantine time for international travelers by two days, state media said Friday. Instead of making travelers stay at a centralized quarantine facility for seven days upon ...
Here’s what we know about the rebound in Chinese stocks this week
Locals wearing personal protective equipment (PPE) line up to enter a specialized hotel for medical observation and quarantine in Zhengzhou city on Nov. 1, 2022. Vcg | Visual China Group | Getty Image...
Alibaba, JD, Baidu, and NIO Sink as China Tech Stocks Follow U.S. Selloff
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings repo...
Why investors are fleeing Chinese assets as Xi tightens grip on power
China’s top leader, Xi Jinping, secured a groundbreaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists in a clean sweep not seen since the er...
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Dow Futures Fall as Wall Street Anticipates Another Big Rate Hike From the Fed
Text size AFP via Getty Images Stock futures traded lower Monday in a week that is expected to see the Federal Reserve raise interest rates by another three-quarters of a point in its effort to stamp ...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Asian markets mostly fall ahead of U.S. holiday
TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring...
Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did sto...
Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.
Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ug...
Dow makes 612-point turnaround as Nasdaq leads rebound in final hour of trading
U.S. stocks rallied in the final hour of trading on Monday as some investors interpreted the 10-year Treasury yield’s breach of 3% as a sign that the bond-market’s selloff may have exhausted itself fo...
Asian markets tumble amid worries about earnings, Fed rate hike
TOKYO — Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets’ expectations for higher interest rates continued to set the tone. Japan’s benchmark Nikkei 225 NIK...