The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024. Noriko Hayashi | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets opened mostly higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as…
Mainland China stocks plunged on Wednesday, October 9, snapping a 10-day winning streak after officials failed to inspire confidence in stimulus plans to revive the economy. Following the losses, the frontline benchmark Shanghai Composite index fell over seven per cent, its worst loss since February 2020, when fears were rising about COVID-19 emanating from Wuhan…
Mainland China stocks plunged on Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy. Wednesday’s moves were a reversal from those seen the day before, after mainland Chinese stocks returned from a week-long holiday with a bang while those in…
An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets mostly rebounded on Wednesday following a broad decline in the previous session and as Wall Street rallied overnight. Chinese markets were the outlier, tumbling…
The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the unprecedented rally. Hong Kong’s benchmark Hang Seng Index (^HSI), which is loaded with large Chinese stocks, dropped around 9% on Tuesday, its…
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
China’s recent stimulus announcements sparked a massive rally in its stocks, and a growing chorus of analysts see more gains ahead. Is this a reawakening of the country’s long slumbering stock market or just another false start? Bloomberg Opinion’s Nir Kaissar and Shuli Ren, based in the US and Hong Kong respectively, met online to discuss the risks…
Hong Kong’s recent stock market boom has helped to give restaurants a boost in business, while mainland China’s “golden week” holiday has spurred an uptick in occupancy rates at some small and medium-sized hotels, industry leaders have said. They also said on Saturday that hotels were adapting to a change in booking patterns and offering…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, on Saturday saw homebuyers flock to its latest residential project in Kai Tak, the city’s former airport, on the back of the recent interest-rate cut and stock market rally. As of 7pm, the developer had sold 204 flats out of the 300 units…
Hong Kong’s recent stock market boom has helped to give restaurants a boost in business, while mainland China’s “golden week” holiday has spurred an uptick in occupancy rates at some small and medium-sized hotels, industry leaders have said. They also said on Saturday that hotels were adapting to a change in booking patterns and offering…