Asian stock markets ended the weekend on a mixed note, with gains seen in Japan and Australia, while losses were registered in South Korea, China, Hong Kong, and Thailand. Tokyo’s Nikkei rose by 1.29% to close at 27,398.78 points, following Bank of Japan (BOJ) governor-nominee Kazuo Ueda’s address to parliament, where he expressed support for …
Asian stock markets ended the week on a mixed note Read More »
Netflix Inc announced that it is reducing its monthly subscription prices in 30 countries to increase its subscriber base amid rising competition and financial constraints for consumers. However, this move was met with a negative response from investors, as the stock price fell almost 5%, marking its largest drop in over two months. The company …
The Hang Seng closed down by 0.35% at 20,351.35 points due to concerns about rising inflation following the release of minutes from the US Federal Reserve meeting. In China, the Shanghai Composite was down by 0.11% at 3,287.48 points, as shares of artificial intelligence conglomerates were sold off after Chinese regulators banned major tech firms …
Asian stock markets had a mixed performance on February 23 Read More »
Tokyo’s Nikkei, which fell 368.78 points or 1.34%, closed at its lowest level since January 23rd at 27,104.32. Investors are worried that business activity strength in the United States and Europe beyond expectations could lead to interest rate hikes and negatively affect the global economy. Australia’s S&P/ASX 200 closed at 7,314.50, down 21.80 points or …
Asian Stock Market Plummets Amid Global Economic Concerns After US Stock Market Decline Read More »
Asian stock markets closed mixed on February 21, as investors assessed the latest purchasing managers’ index (PMI) data from around the world. Hong Kong’s Hang Seng index closed at 20,529.49, down 357.47 points, or -1.71%, as investors worried about the political situation ahead of the first anniversary of the Russo-Ukraine War on Feb. 24. Meanwhile, …
Asian stock markets mixed as investors assess PMI data Read More »
Investors are worried that the US Federal Reserve (Fed) may raise interest rates again, after the release of US inflation data that was higher than expected, and Fed officials expressed support for raising interest rates. As a result, the stock market experienced volatile trading last week, with the Dow Jones Industrial Average closing higher, while …
Dow Gains, But S&P 500 and Nasdaq Lose Amid Volatile Trading Read More »
The release of the Producer Price Index (PPI) in the United States has caused concern among investors, as the index exceeded expectations, suggesting that the country may continue to raise interest rates, which could result in global economic repercussions. Federal Reserve officials have expressed support for continuing the upward trend of interest rates, while the …
Asian Stock Markets Lower as Investors Brace for Prolonged Interest Rate Hikes by Fed Read More »
China’s leading investment bank, China Renaissance Holdings, announced on Thursday, Feb. 16 that it had been unable to contact CEO and chairman Bao Fan for several days. The statement has raised concerns about potential regulatory pressures on China’s business and technology leaders. China Renaissance Holdings, which deals with major clients such as Didi and Meituan, …
Chinese financier mysteriously disappears – The company’s stock plummeted 50%. Read More »
Asian stocks mostly ended in positive territory on Wednesday, with investors eyeing the US retail sales data from January. However, concerns lingered over the impact of the US-China dispute on the Chinese economy. Meanwhile, investors estimated Japan’s trade deficit to hit a record high. Hong Kong’s Hang Seng rose 0.84% to close at 20,987.67, gaining …
Asian stock markets closed lower on Wednesday following the release of higher-than-expected inflation data from the United States. The inflation data out of the US has caused uncertainty in the markets and raised concerns about the potential for further rate hikes, leading to a negative impact on Asian stocks. Tokyo’s Nikkei fell by 100.91 points, …