(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
Stock mostly fell Thursday ahead of a widely awaited speech on US interest rate policy, though a deal on American tariffs for a swathe of EU goods gave a late-session boost to European markets. The agreement, struck as part of President Donald Trump’s tariffs blitz, will see most EU exports face 15-percent levies but ended…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…