Tech stocks in Hong Kong surge in shortened trading day for multiple Asia-Pacific markets

SINGAPORE — Hong Kong stocks led gains among major Asia-Pacific markets on Friday, with Chinese tech stocks in the city soaring. The Hang Seng index in Hong Kong jumped 2.05% in morning trade. Shares of Chinese tech firms listed in the city saw massive gains, with Alibaba surging 9.37% and Meituan advancing 6.23% while Tencent … Read more

Asia-Pacific stocks mixed as some markets close early for Christmas Eve

SINGAPORE — Shares in Asia-Pacific were mixed on Friday as some major markets in the region, including Hong Kong and Singapore, closed early for Christmas Eve. Hong Kong’s Hang Seng index advanced 0.13% on the day to close at 23,223.76. Mainland Chinese stocks, on the other hand, closed lower. The Shanghai composite fell 0.69% to … Read more

Asia-Pacific markets set to trade cautiously following overnight losses on Wall Street

A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — Asia-Pacific markets were set to trade cautiously on Friday, following overnight losses on Wall Street, as investors assessed monetary policy decisions from two key central banks. … Read more

Asia-Pacific markets set to trade cautiously as investors assess Fed decision to dial back bond buying

Employees wearing protective masks work in the trading room at the Daiwa Securities Group Inc. headquarters in Tokyo, Japan, on Thursday, Oct. 14, 2021. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Asia-Pacific markets were set to trade cautiously as investors digest the U.S. Federal Reserve’s indications that its run of ultra-easy monetary policy … Read more

Asia-Pacific markets gain in early trade as investors focus on central bank meetings

The Tokyo Stock Exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images SINGAPORE — Asia-Pacific markets jumped in morning trade on Monday as investors turn their focus to a number of monetary policy meetings happening this week. In Japan, the Nikkei 225 rose 0.86% while the Topix index added 0.51%. South Korea’s Kospi added … Read more

Asia-Pacific markets set to trade cautiously ahead of U.S. inflation data

SINGAPORE — Asia-Pacific markets were set to trade cautiously on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S. Futures pointed to a lower open in Japan where the benchmark Nikkei 225 dipped 0.47% in the previous session. Australian shares began the … Read more

Hong Kong, Japan stocks jump more than 1% after Wall Street rallies on omicron optimism

SINGAPORE — Stocks across Asia-Pacific jumped on Tuesday, bouncing back from Monday losses as Wall Street rallied on optimism that the omicron variant risk might not be as bad as feared. Hong Kong’s Hang Seng was up 1.29%, as casino and property shares rose. Some tech stocks also recovered slightly from the previous session. Tencent … Read more

Japan markets set to dip; investors monitor bitcoin volatility

SINGAPORE — Japan’s markets were set to dip on Monday, while investors will keep an eye on bitcoin prices after they fell sharply over the weekend. Japan’s Nikkei futures contract in Chicago was at 27,880 while its counterpart in Osaka was at 27,790. That compared against the Nikkei 225’s last close at 28,029.57. Australia’s S&P/ASX … Read more

Asia-Pacific stocks slip as investors watch omicron Covid variant; oil prices rebound more than 4%

SINGAPORE — Shares in Asia-Pacific largely fell in Monday trade as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped about 0.3%. Hong Kong-listed shares of Chinese tech giant Meituan lost more than 7% after the firm on Friday posted a loss of about 10 billion … Read more

Asia-Pacific stocks mixed; Bank of Korea announces rate hike

SINGAPORE — Shares in Asia-Pacific were mixed in Thursday trade as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi led losses regionally, dipping 0.54%. The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected by analysts in a Reuters poll. Following … Read more