Showing posts with the label and US Markets Closing Reports.

Asia, Europe, and US Markets Closing Reports | Thursday, June 16, 2022:

 ASIA Source: Hong Kong's Hang Seng index leads losses in mixed Asia trade as investor sentiment remains fragile Su-Lin Tan 4-5 minutes In our view, the risks around a recession in 2023 can't be ignored. Kerry Craig Global Market Strategist, J.P. Morgan Asset Management Japan's Nikkei 225 rose 0.4% on the day to 26,431.20 while the Topix was up 0.64% to 1,867.81. Shares of Fast Retailing were up 1.44% while robot maker Fanuc saw its stock climb 0.47%. Trade data released in the morning showed Japan ran a trade deficit after falls in the yen drove more imports. In Australia, the  S&P/ASX 200 closed 0.15% lower at 6,591.10. Australia's unemployment figures held steady at 3.9% in yet another signal that Australia's Reserve Bank would, like the Fed and many other central banks, be staying on course to raise rates again. The unemployment rate has now been at

Asia, Europe, and US Markets Closing Report | Wednesday, June 1, 2022:

 ASIA Source: Asia-Pacific stocks mixed as private survey shows China's factory activity contracted in May Eustance Huang 3 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday, with investors watching for market reaction to the release of a private survey on Chinese factory activity for May. Mainland Chinese stocks closed mixed, with the Shanghai Composite sliding 0.13% to 3,182.16 while the Shenzhen Component was gained 0.205% to 11,551.27. Hong Kong’s Hang Seng index slipped 0.55%, as of its final hour of trading. China’s Caixin/Markit manufacturing Purchasing Managers’ Index for May came in at 48.1 on Wednesday, an improvement over April’s reading of 46 but still remaining below the 50-level mark that separates expansion from contraction. We’re in a relatively calm period, there has been a risk-on environment that’s been triggered by some degree of opening up in China.

Asia, Europe, and US Markets Closing Reports | Friday, May 27, 2022:

 ASIA   Source: Hong Kong's Hang Seng rises nearly 3%; Alibaba shares soar after earnings report Eustance Huang 3-4 minutes SINGAPORE — Shares in Asia-Pacific largely rose on Friday, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. Shares of Alibaba listed in the city surged 12.21% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items, on revenues of 204.05 billion yuan ($30.28 billion). That was higher than analyst expectations for earnings of 7.31 yuan a share on CNY199.25 billion in revenue, according to StreetAccount. Other Chinese tech stocks in the city also had sizable gains, with Tencent rising 2.27% while Netease surged 4.43%. The broader Hang Seng index in Hong Kong climbed 2.89% to close at 20,697.36. Mainland Chinese stocks

Asia, Europe, and US Markets Closing Reports | Monday, May 24, 2022:

  ASIA Source: Chinese stocks plummet as tech stocks drop; investors weigh possible U.S. tariff cut on China's goods Weizhen Tan 4 minutes SINGAPORE — Chinese stocks fell sharply Tuesday afternoon, as investors weighed a possible thawing of U.S.-China trade relations after U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. Hong Kong's Hang Seng index pared earlier losses to close 1.75% down to 20,112.1, while the Hang Seng Tech index fell more than 3%. Alibaba was down 2% while Tencent declined 2.48%. Shares of electric vehicle maker Xpeng plummeted more than 9%, after it reported on Monday that its first-quarter net loss widened to 1.7 billion yuan ($254.7 million), from 786.6 million yuan a year earlier. The Shanghai Composite fell 2.41% to close at 3,070.93, while the Shenzhen Component declined 3.34% to 11,065.92. In Japan, the Nikkei 225 declined 0.94% to

How did The Markets in Asia, Europe, and US, Close? | Friday, April 8, 2022:

  Asia-Pacific Markets closing Report Chinese tech stocks in Hong Kong slip as investors watch Covid situation in China Abigail Ng 3-4 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Friday, as Chinese tech shares slipped and investors watched the Covid situation in China. Hong Kong’s Hang Seng index fell 0.24% in afternoon trade, while the Hang Seng Tech index dropped 1.83%.  Alibaba  slid 2.47%, while shed 3.35%. Meituan lost 2.70%. Mainland Chinese markets were mixed. The  Shanghai composite  gained 0.47% to close at 3,251.85, while the  Shenzhen component  was down 0.11% at 11,959.27. Near-term sentiment [for Chinese shares] could stay curbed given a confluence of macro headwinds, Omicron spread, global liquidity uncertainty and US/China tension concerns. Covid is in focus in China, with Shanghai reporting 20,398 new asymptomatic coronavirus cases and 824 n