Asia – NATURALDEPOSIT

Singapore Overtakes Hong Kong as Asia Pacific’s Most Expensive Housing Market

In a report released today (May 30) by the Urban Land Institute, a nonprofit research organization, it has been revealed that Singapore’s house prices have surpassed those of Hong Kong, making Singapore the most expensive housing market in the Asia Pacific region for 2023. The report also highlighted that rental prices in Singapore are the …

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ASEAN+3 finance ministers meeting in South Korea to prevent market turmoil in Asia

News

The ASEAN+3 group of finance ministers and central bank leaders of Japan, China, and South Korea are set to meet in South Korea on Tuesday, May 2, to address market volatility and economic trends in the region. The meeting is expected to tackle the impact of US Federal Reserve (Fed) rate hikes on capital flows …

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Investors Brace for Bearish Market Trends as SoftBank’s Stake Sell-Off Plans for Alibaba Contribute to Asian Stock Markets’ Downturn

Markets

On Thursday, the Asian stock markets experienced a downward trend, reflecting the global market’s bearish sentiment. The market downturn was attributed to multiple factors, including a weaker-than-expected inflation data, concerns over the possibility of a US recession, and the possibility of a pause in the Federal Reserve’s rate hike cycle. Alibaba Group Holding Ltd (HK:9988) …

Investors Brace for Bearish Market Trends as SoftBank’s Stake Sell-Off Plans for Alibaba Contribute to Asian Stock Markets’ Downturn Read More »

Asian Markets Cautious Ahead of Key U.S. Inflation Data, Hang Seng Index Leads Losses with Drop in Tencent Shares

Markets, News

On Wednesday, many Asian stock markets traded lower, as investors grew increasingly cautious ahead of key U.S. inflation data. The Hang Seng index in Hong Kong saw the largest decline, falling 0.6% due to a sharp drop in heavyweight Tencent, which lost 4% of its value. Major shareholder Prosus deposited 96 million Tencent shares into …

Asian Markets Cautious Ahead of Key U.S. Inflation Data, Hang Seng Index Leads Losses with Drop in Tencent Shares Read More »

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Hong Kong firms hire tech workers in Asia amid severe shortages

News

Hong Kong-based tech companies are facing a severe talent shortage, prompting them to hire tech workers from Southeast Asia. These companies are offering higher salaries to attract foreign talent amid a shortage of local workers. One of Hong Kong’s largest tutor-matching platforms, Tutor Circle, has recently turned to hiring staff from Southeast Asian countries due …

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Investors Turn to Asia as Safe Haven Amid US Banking Crisis

News

Investors are flocking to the Asian market, including China and other emerging markets in Asia, as they believe it is less likely to be affected by the US banking crisis. Citibank’s analysis of global financial conditions shows that Asian financial markets have been less affected by the banking crisis than the US, and most Asian …

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Asian Stocks Ended Mostly Positive After Oil Price Soared, Investors Keep an Eye on Economic Data

Markets

On Monday, Asian stocks ended mostly positive following a surge in oil prices after the group of oil exporting countries and allies (OPEC Plus) announced a cut in production by another 1.16 million barrels per day. However, investors remained cautious and monitored economic data amid concerns of rising inflation. Tokyo’s Nikkei rose 0.52% to close …

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OPEC+ Cuts Crude Production, Affecting Refinery Profits in Asia and Europe

News

The recent announcement of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and OPEC Plus has led to increased costs and supply challenges for refineries in Asia and Europe. The move is expected to tighten Middle East crude supplies from May onwards. Oil prices surged by over $4 per barrel on April …

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Saudi Arabia Raises Oil Prices for Asia and Europe in April Pointing to More Demand

Markets

In a move signaling increased demand for oil in Asia and Europe, Saudi Arabia has raised the price of most crude oil sent to these regions. This is in line with many energy executives’ expectations that crude oil prices may rise to $100 per barrel this year. China’s economy is expected to recover after the …

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US Chip Makers Relocate Operations to Southeast Asia as Ties with China Strains

News

Three major US chip equipment suppliers, Applied Materials, Lam Research and KLA, are shifting their operations away from China to Southeast Asia. This move comes after the US enacted an export control law in October 2022, aimed at separating US-China technology supply chains. Together, the three companies hold a significant share, about 35%, of the …

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