SINGAPORE — Japan led declines in Asia-Pacific markets but Hong Kong stocks rose on Thursday following two days of declines on Wall Street. The Nikkei 225 in Japan fell 1.69%, while the Topix slid 1.83%. Shares of Fast Retailing dropped 2.84%. Hong Kong’s Hang Seng index rose 0.55% and the Hang Seng tech index rose […]
SINGAPORE — Shares in Asia-Pacific fell in Friday trade following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses, with Alibaba falling 3.93% and Baidu plunging 6.01%. JD.com shed 3.25% while Meituan slipped 1.03%. The Hang Seng Tech index […]
SINGAPORE — Shares in Asia-Pacific were largely higher in Wednesday trade as investors watch for developments surrounding the war in Ukraine. Mainland Chinese stocks led gains among the region’s major markets, with the Shanghai composite climbing 1.96% on the day to 3,266.60 and the Shenzhen component rising 3.1% to 12,263.80. Hong Kong-listed shares of embattled […]
SINGAPORE — Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.45%, as casino and tech stocks rose. Among the biggest gainers was JD Health, which soared nearly 16%, after it said Monday it […]
Huawei reported its first yearly revenue decline on record in 2021 as US sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
SINGAPORE — Chinese stocks fell Friday as the rest of Asia-Pacific traded mixed, while Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng dropped 2.47% to close at 21,404.88, paring some losses after plunging nearly 3% earlier. The Shanghai composite was down 1.17% to close at 3,212.24, and the Shenzhen component […]
SINGAPORE — Stocks across Asia-Pacific were mixed Friday morning as Wall Street stocks rallied overnight and oil prices fell. Hong Kong’s Hang Seng was subdued, dipping 0.23%. Shares of Hong Kong-listed Russian aluminum producer Rusal bucked the trend, and surged more than 10% in early trade before paring gains to trade about 1.5% higher. The […]
Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. The Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan […]
SINGAPORE — Shares in Asia-Pacific rose in Thursday trade as the Chinese markets continue to extend gains from a rebound, while the US Federal Reserve announced its first rate hike in more than three years. Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 7.04% to close at 21,501.23 and erasing […]
SINGAPORE — Shares in Asia-Pacific rose in Thursday trade as the Chinese markets continue to extend gains from a rebound, while the US Federal Reserve announced its first rate hike in more than three years. Hong Kong’s Hang Seng index led gains among the region’s major markets, surging 6.36% in afternoon trade and erasing heavy […]
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