Showing posts with the label Asia-Pacific Closing Report.

AsiaPacific Markets Closing Report on Monday, November 29, 2021: Asia-Pacific stocks mostly fall as investors watch omicron Covid variant; oil prices rebound

 Source: Eustance Huang 4-5 minutes SINGAPORE — Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant . Hong Kong's Hang Seng index slipped 0.95% to close at 23,852.24. Hong Kong-listed shares of Chinese tech giant Meituan lost 7% after the firm on Friday posted a loss of about 10 billion Chinese yuan ($1.56 billion) for the three months ended Sept. 30. Shares of Sun Entertainment Group in Hong Kong sank 30.97% after the  South China Morning Post reported  that controlling shareholder Alvin Chau Cheok-wa was among a group of people arrested over alleged gambling offences. Shares of Suncity Group , where Chau is CEO, were suspended on Monday "pending the release of an announcement in relation to news coverage" about Chau. Mainland Chinese stocks closed mixed, with the Shanghai composite falling fracti

Asia-Pacific Closing Report on Tuesday 16, November 2021: Asia-Pacific Markets were Mixed On Tuesday on reaction of Joe Biden And Chinese President Xi Jinping. Eustance Huang 3-4 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Tuesday as investors reacted to a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping . Hong Kong's Hang Seng index closed 1.27% higher at 25,713.78. Shares of gaming hardware firm Razer in Hong Kong surged 11.46% after Reuters reported , citing sources, that executives at the firm are leading a consortium plan to value the company at up to 35 billion Hong Kong dollars (about $4.49 billion). Mainland Chinese stocks ended the trading day lower, with the Shanghai composite falling 0.33% to 3,521.79 while the Shenzhen component fell 0.153% to 14,613.97. Japanese stocks closed higher, with the Nikkei 225 up 0.11% to 29,808.12 while the Topix index climbed 0.11% to 2,050.83. In South Korea, the Kospi finished the trading day fractionally lower at 2,997.21. MSCI's broadest index of Asia-Pacific shares out

Asia- Pacific Markets Closing Report: Trading in Asia Pacific Muted. Trading in Asia-Pacific muted, with multiple major markets in the region closed for holidays Eustance Huang 2-3 minutes SINGAPORE — Trading in Asia-Pacific was muted Thursday as multiple major markets in the region were closed for holidays. Hong Kong's Hang Seng index rose 0.45% on the day to 30,173.57 while the Straits Times index in Singapore closed little changed at 2,925.48. Markets in Hong Kong and Singapore ended their trading day earlier than usual on the eve of the Lunar New Year. In Australia, the S&P/ASX 200 finished its trading day 0.1% lower at 6,850.10. MSCI's broadest index of Asia-Pacific rose 0.2%. Markets in China, Japan, South Korea and Taiwan were closed for holidays. In economic developments, U.S. Federal Reserve Chairman Jerome Powell said Wednesday that policy will need to stay " patiently accommodative ." The Fed chair said the U.S. is "a long