Showing posts with the label Asia Markets.

Asia Markets Closing Report on Monday, February 7, 2022:

  Source: China's Shanghai composite jumps 2% after returning from Lunar New Year holidays in mixed Asia trading Eustance Huang 2 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with mainland China markets rising as they reopened following the Lunar New Year holidays last week. The Shanghai composite jumped 2.03% to close at 3,429.58 while the Shenzhen component gained 0.965% to 13,456.65. Hong Kong's Hang Seng index slipped about 0.2%, as of its final hour of trading. In Japan, the Nikkei 225 dipped 0.7% to f

Asia Markets: UBS sees Asia as 'the only region' with positive earnings growth this year

Eustance Huang 3minutes - CNBC As equity markets continue to see upward momentum from the reopening of economies that were under coronavirus lockdown, some may wonder if it’s too late to put their money into stocks now. There’s one bright spot, according to the co-head of asset allocation at UBS Global Wealth Management’s Chief Investment Office, Adrian Zuercher, who remains bullish on Asia. “We are overweight Asian ex-Japan equities at this point,” Zuercher told CNBC’s “Street Signs” on Wednesday. “I think for us, that’s the only region that will have positive earnings growth this year and also next year, double digit earnings growth.” Zuercher’s comments came as global markets saw a strong rally in recent days, with positive momentum building over developments such as the easing of lockdown measures that left global economies at a virtual standstill. Since the start of June, the MSCI Asia ex-Japan index has jumped 6.07%, according to data from Ref