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Showing posts with the label Asia Markets Closing Report.

Asia Markets Closing Report | Wednesday, April 27, 2022:

  Source: cnbc.com Major Chinese indexes surge more than 2%, bouncing back from days of losses Eustance Huang 4-5 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as mainland Chinese stocks bounced back after days of losses. The Shanghai Composite gained 2.49% to close at 2,958.28 while the Shenzhen Component soared 4.372% to 10,652.90. The CSI 300, which tracks the largest mainland-listed stocks, rose 2.94% to 3,895.54. Hong Kong's Hang Seng index rose about 0.2%, as of its final hour of trading. China's industrial profits rose 8.5% year-on-year in the January-March period, official data showed Wednesday. "I actually am quite impressed at how industrial production and profits have held up in China so far and I actually think that the Covid impact will not be as great as perhaps some analysts think," David Chao, global market strategist for Asia-Pacific ex-Japan at Invesco,

Asia Markets Closing Report | Wednesday April 6, 2022:

  cnbc.com Technology stocks in Asia-Pacific fall; 10-year U.S. Treasury yield surges Eustance Huang 5-6 minutes SINGAPORE — Technology stocks in Asia-Pacific declined on Wednesday, mirroring losses seen among their peers on Wall Street following an overnight surge in the U.S. 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped, with Alibaba falling 5.36% and Meituan declining 3.65% while Tencent shed 2.31%. The Hang Seng Tech index slipped 3.82% to 4,587.73. In Japan, shares of SoftBank Group shed 2.81%. Over in South Korea, Kakao shares declined 2.33% and Naver slipped 3.65% while SK Hynix fell 3%. Those losses in Asia came after the tech-heavy Nasdaq Composite lagged overnight on Wall Street, dropping 2.26% to 14,204.17. The broader Asia-Pacific markets also declined on Wednesday. Hong Kong's Hang Seng index dropped 1.87% on the day to 22,080.52. Hong Kong's chief secretary John Lee re

Asia Markets Closing Report | April, March 1, 2022:

cnbc.com Chinese tech stocks drop in mixed Asia session; data shows contraction in Chinese manufacturing activity Eustance Huang 4-5 minutes SINGAPORE — Shares in Asia-Pacific were mixed in the first trading day of the new quarter as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses on Friday, with Alibaba falling 2.14% and Baidu plunging 4.45%. JD.com shed 2.14%. The Hang Seng Tech index declined 0.74% to 4,524.25. Hong Kong's broader Hang Seng index recovered from earlier losses to close 0.19% higher at 22,039.55. Trading in a number of Hong Kong-listed companies, including Chinese real estate firms Kaisa Group and Sunac , was suspended after missing the deadline for reporting annual results. In mainland China, the Shanghai composite rose 0.94% to end the trading day at 3,282.72 wh

Asia Market Closing Report I Shares in Asia-Pacific as oil Prices fell Sharply:

 Source:  cnbc.com Eustance Huang 4-5 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Thursday as oil prices fell sharply. In the afternoon of Asia trading hours, international benchmark Brent crude futures fell 3.48% to $109.50 per barrel. U.S. crude futures dropped 4.23% to $103.26 per barrel. U.S. President Joe Biden’s administration is considering a plan to release 1 million barrels of oil per day from the strategic petroleum reserve for about six months, a source told NBC News. Global oil prices have spiked in volatile trade since Russia invaded Ukraine more than a month ago. “The issues we are seeing with Russia are medium to longer term in nature, and unfortunately, an SPR release is only a short-term solution,” said Warren Peterson, head of commodities strategy at ING. “Ultimately, these volumes would still fall short of the Russian disruptions we are seeing due to self-sanctioning, so the market will re

Asia Markets Closing Report | Tuesday, March 29, 2022:

 Source:  cnbc.com Asia-Pacific stocks mostly rise; Japan warns against rapid yen weakening as it hovers near 6-year low Weizhen Tan 4-5 minutes SINGAPORE — Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen's sharp decline sparked alarm. Hong Kong's Hang Seng index jumped 0.91% in the last hour of trade, as casino and tech stocks rose. Among the biggest gainers was JD Health, which soared more than 16%, after it said Monday it would conduct a share buyback of up to 3 billion Hong Kong dollars over a 24-month period. Property shares however went against the wider trend, as Sunac plummeted around 18% and Shimao lost over 9%. China's CSI real estate index lost as much as 2% earlier, but pared some losses to decline 1.4%. Sunac late Monday said it would halt trading from April 1, days after it said it would delay reporting its

Asia Markets Closing Report: Tuesday, March 1, 2022.

Source cnbc.com Asia-Pacific markets gain as investors weigh Russia-Ukraine conflict Abigail Ng 2 minutes SINGAPORE — Asia-Pacific markets rose on Tuesday as investors navigated the changing situation in Russia and Ukraine. Japan's Nikkei 225 gained 1.2% to close at 26,844.72, while the Topix advanced 0.54% to 1,897.17. In China, the  Shanghai composite  rose 0.77% to 3,488.84, and the  Shenzhen component  climbed 0.25% to 13,488.64. Hong Kong's Hang Seng index was up 0.38% in afternoon trade. China's official manufacturing Purchasing Managers' Index for February was 50.2, beating analyst expectations of a reading of 49.9 in a Reuters poll.  The February figure is slightly higher than January's 50.1. A reading above 50 represents expansion, and a figure below that level signifies contraction. PMI readings are sequential and represent month-on-month expansion or contraction. The private PMI su

Asia Markets Closing on Thursday, December 16, 202: Japan's Nikkei jumps 2% as investors assess Fed decision to dial back bond buying.

Source: cnbc.com Saheli Roy Choudhury 4-6 minutes 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 mixed Thursday as investors digested the U.S. Federal Reserve's indications that its run of ultra-easy monetary policy since the start of the pandemic is coming to a close. In Japan, the Nikkei 225 rose 2.13% to 29,066.32 while the Topix index added 1.46% to 2,013.08. Auto shares advanced, as did tech and retail stocks. Nissan soared 4.07%, while Fast Retailing rose 3%. In South Korea, the Kospi rose 0.57% to 3,006.41. Hong Kong's Hang Seng index reversed losses in late-afternoon trade and added 0.23% to 23,475.50. Chinese mainland shares advanced: The Shanghai composite rose 0.75% to 3,675.02 while the Shenzhen component r

Asia Closing Report By CNBC on Frida, November 25, 2021: Asia-Pacific stocks mixed; Bank of Korea announces rate hike

 Source:  cnbc.com Eustance Huang 3-4 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.47% to close at 2,980.27 after 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 the decision, the Korean won traded 1,189.89 per dollar, weaker than levels around 1,185 seen against the greenback yesterday. The South Korean central bank’s decision followed a similar move by the Reserve Bank of New Zealand on Wednesday . Natixis’ Trinh Nguyen told CNBC’s “Squawk Box Asia” on Thursday that the Bank of Korea is “ahead of the curve doing this because it can afford to do so,” given the economy’s upturn. “We see that given the expectations of higher rates by the U.S. and the hawkish minutes you saw by the Fed , this is a right move not just for South Ko

Asia Markets Closing Report on Friday 19, 2021: Hong Kong's Hang Seng slips as Alibaba shares drop 10% after disappointing earnings.

Source:   cnbc.com Weizhen Tan, Saheli Roy Choudhury 3-4 minutes SINGAPORE — Hong Kong shares fell Friday, extending losses from the previous session as some of China's biggest tech names remained under pressure. The benchmark Hang Seng index declined 1.07% to 25,049.97 while the tech-focused Hang Seng tech index dropped 0.26% to 6,457.97. Alibaba shares listed in Hong Kong dropped more than 10% after the technology behemoth missed revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results. The company reported revenue of 200.69 billion yuan ($31.4 billion), less than the 204.93 billion yuan estimated but still a 29% year-on-year rise. The company reported earnings per share of 11.20 yuan, less than an estimate of 12.36 yuan and a 38% year-on-year decline. Alibaba's U.S.-listed shares fell 11.1% on Thursday. Shares of Meituan were down 1.61%, Baidu declined

Asia Markets Closing Report on Thursday , November 18, 2021: Asia-Pacific Markets Mixed as Hong Kong Tech Shares Sell Off, Oil Prices Decline Further

  cnbc.com Saheli Roy Choudhury 4-6 minutes 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 traded mixed on Thursday, following overnight losses on Wall Street , as shares in Japan, Hong Kong and the Chinese mainland struggled for gains. Hong Kong's Hang Seng Index fell 1.29% to 25,319.72 while the Nasdaq-style technology board, Hang Seng tech index, sold off nearly 3%. Some o

Asia | Asia Markets Closing Report: Asia shares mostly down as investors watch US-China trade developments

Eustance Huang 4-5 minutes - Source: CNBC Shares in Asia were mostly lower on Monday as investors watched for developments on the U.S.-China trade front Mainland Chinese shares declined on the day, with the Shanghai composite falling 0.98% to about 2,977.08 and the Shenzhen composite down 0.912% to approximately 1,660.06. Hong Kong’s Hang Seng index shed 0.57%, as of its final hour of trading. Shares of companies related to China’s Fosun saw declines, following the collapse of the world’s oldest travel firm Thomas Cook — the Chinese conglomerate is the largest shareholder in the British firm. Fosun Tourism dropped 4.36% and Fosun International declined 1.34%. South Korea’s Kospi finished largely flat at 2,091.70, while the S&P/ASX 200 in Australia closed 0.28% higher at 6,749.70. Over in India, shares bucked the overall downward trend regionally as the Nifty 50 and S&P BSE Sensex both jumped more than 3% each, adding to large

Asia | Asia Markets Closing Report: Asia stocks mostly higher as Fed cuts rate; Bank of Japan keeps monetary policy steady

Eustance Huang 4-5 minutes - Source: CNBC Stocks in Asia were mostly higher on Thursday after the U.S. Federal Reserve cut interest rates overnight — but the U.S. central bank appeared divided on its next course of action for the year. Mainland Chinese stocks were up on the day, with the Shanghai composite higher by 0.46% at about 2,999.28 and the Shenzhen component gaining 1.01% to 9,852.20. The Shenzhen composite added 1.028% to approximately 1,672.63. Hong Kong’s Hang Seng index, however, fell 1.07% to close at about 26,468.95. Shares of life insurer AIA dropped 3.04%. In Japan, the Nikkei 225 rose 0.38% to close at 22,044.45 while the Topix index added 0.56% to end its trading day at 1,615.66. Over in South Korea, the Kospi closed 0.46% higher at 2,080.35 as shares of Samsung Electronics surged 3.04%. Australia’s S&P/ASX 200 also rose 0.54% to finish its trading day at 6,717.50. Data released by the Australian Bureau of

Asia I Asia Markets Closing Report: Asia Pacific stocks mixed as investors await Fed interest rate decision

Eustance Huang 4-5 minutes Source: CNBC Stocks in Asia Pacific were mixed on Wednesday as investors awaited the U.S. Federal Reserve’s interest rate decision, set to be released later stateside. In mainland China, shares were up on the day, as the Shanghai composite gained 0.25% to approximately 2,985.66 and the Shenzhen component added 0.31% to 9,753.31. The Shenzhen composite also rose 0.258% to about 1,655.61. Hong Kong’s Hang Seng index was fractionally higher, as of its final hour of trading. Anheuser-Busch InBev began taking orders in its second attempt to spin off its Asian business in Hong Kong on Wednesday, aiming to raise up to $6.6 billion in its Budweiser listing — what could be the world’s second largest IPO this year. Budweiser APAC is set to price the IPO Sept. 23, and the stock will debut on Sept. 30, the company said in a statement. The brewing giant said on Tuesday it would offer 1.3 billion shares at between H

Asia | Asia Markets Closing Report: Asia trades mixed as oil prices remain elevated amid geopolitical tensions

Saheli Roy Choudhury 5-6 minutes - Source: CNBC Asia markets traded mixed on Tuesday as investor sentiment turned cautious over rising energy prices and heightened geopolitical tensions. In Japan, the benchmark Nikkei 225 erased earlier losses to finish fractionally higher at 22,001.32 while the Topix index added 0.29% to 1,614.58. South Korea’s Kospi index was near flat. On Monday, U.S. President Donald Trump said the United States had reached initial trade agreements with Japan on tariffs and digital trade that will not require congressional approval. Australia’s S&P/ASX 200 also reversed earlier declines to gain 0.33% to 6,695.30 as most sectors recovered. The energy subindex added 1% as oil names in the country gained. Chinese mainland markets fell more than 1%: The Shanghai composite declined 1.74% to 2,978.12, the Shenzhen composite was down 2% at 1,651.35 and the Shenzhen component fell 1.97% to 9,722.80. Reports said ne

Asia I Asia Markets Closing Report: Asia stocks decline as US-China trade war intensifies

Eustance Huang 5-6 minutes - Source: CNBC Stocks in Asia fell Monday following an escalation in the U.S.-China trade war late last week. Hong Kong’s Hang Seng index led losses in the region as it dropped more than 2%, as of its final hour of trading, following another weekend of violent protests in the city . Mainland Chinese stocks also saw declines on the day. The Shanghai composite shed 1.17% to about 2,863.57 and the Shenzhen component slipped 0.98% to 9,270.39. The Shenzhen composite fell 0.768% to approximately 1,566.57. Elsewhere, the Nikkei 225 in Japan dropped 2.17% to close at 20,261.04, while the Topix index declined 1.61% to end its trading day at 1,478.03. That came despite Japanese Prime Minister Shinzo Abe’s recent agreement on the principles of a trade deal with U.S. President Donald Trump . Losses were also seen over in South Korea, where the Kospi fell 1.64% to close at 1,916.31. Australia’s S&P/ASX 200 fini