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JPMorgan named five stocks it recommends to buy amid an expected rise in the broader Chinese stock market during February. The investment bank said it “remains bullish” on Macao casino operator Sands China and Galaxy Entertainment , and Hong Kong retail landlords Wharf REIC , LINK and Fortune REIT . Strategists at the Wall Street … Read more
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 inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more
Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more
John Lee, Hong Kong’s chief executive, arrives to deliver his policy address at the Legislative Council in Hong Kong on Oct. 19, 2022. Paul Yeung | Bloomberg | Getty Images Hong Kong Chief Executive John Lee on Wednesday announced plans to attract talent and investment to the city. In his first policy address since he … Read more
SINGAPORE — Futures in the Asia-Pacific region pointed to a mixed open following better-than-expected jobs data in the U.S. The Nikkei futures contract in Chicago was at 26,815 while its counterpart in Osaka was at 26,800. That compared against the Nikkei 225’s last close at 26,517.19. In Australia, SPI futures were at 6,597, lower than … Read more
A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Japan’s Nikkei 225 jumped nearly 1% in … Read more
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 it under control appeared to outweigh Wall Street’s positive close on Friday. The price of the world’s most popular cryptocurrency … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON — Global stock markets are falling sharply after May’s U.S. inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index … Read more
SINGAPORE — Shares in Asia-Pacific rose on Friday after a comeback on Wall Street as investors continued to digest the Fed’s plans to fight inflation. The Nikkei 225 gained 0.45% in early trade, while the Topix advanced 0.19%. Australia’s S&P/ASX 200 rose 0.35%. In South Korea, the Kospi climbed 0.38% and the Kosdaq added 0.70%. … Read more
SINGAPORE — Asia-Pacific markets dropped on Thursday following two days of declines on Wall Street. The Nikkei 225 in Japan fell 1.78% in early trade, while the Topix slid 1.93%. Australia’s S&P/ASX 200 was down 0.48%. In Korea, the Kospi slipped 0.81% while the Kosdaq declined 1.09%. Samsung Electronics reported its operating profit for the first … Read more