Tag: asia economy

  • Fed Minutes, Bank of Korea Decision, Sri Lanka

    Bill Ackman says the Hong Kong dollar peg will break Billionaire hedge fund manager Bill Ackman Sustainability questioned Hong Kong dollarHe pegged his currency to the dollar, adding that his company Pershing Square He has a large short position on the currency. “We have a short-term hypothetical position against the HKD through ownership of put […]

  • New Zealand interest rate hikes and inflation data

    Chinese online gaming stocks rose as the crackdown on the sector appears to be easing New Zealand’s central bank hints at more increases to come Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said the bank’s only goal is to reach the official money rate to a point where inflation can diminish. Orr’s comments […]

  • Asia Pacific markets were mixed as investors weigh the risks

    Malaysian GPS Kingmaker Party will support Perikatan Nasional, not Pakatan Harapan One of the kingmakers in the Malaysian election, Gabungan Party Sarawak, a national political coalition based in Sarawak in eastern Malaysia, said it supports the Perikatan National Coalition to form a government and will not work with Anwar Ibrahim’s Pakatan Harapan. Malaysia’s king has […]

  • Asia-Pacific markets trade less; China keeps the LPR steady

    Hong Kong movers: Stocks reopen and tech stocks drop as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake […]

  • APEC Summit involving Xi Jinping, Kamala Harris and other leaders

    China’s Xi Jinping and Fumio Kishida hold their first face-to-face talks Chinese President Xi Jinping delivered a speech at the Sixth Plenary Session of the 19th Central Committee of the Communist Party of China in Beijing, the capital of China. The session was held in Beijing from November 8 to 11. Joe Ping | Xinhua […]

  • There is no win-win situation in a fragmented world

    Singapore’s education minister, Chan Chun Sing, said in his keynote address at the Morgan Stanley Asia-Pacific Summit in Singapore on Wednesday that Singapore will not take sides in geopolitical disputes and will instead take positions in support of the rule of law. He said the world must remain interconnected despite the pressures of disintegration, because […]

  • Meituan, Tencent, APEC leaders meet, Japanese trade, unemployment in Australia

    NetEase backtracked after Blizzard announced it was suspending its Chinese game services Hong Kong shares listed netease decreased by 13% after Blizzard Entertainment, a subsidiary of Activision Blizzardhe said Suspension of gaming services in Chinaciting expired licensing agreements with NetEase. “We are incredibly grateful for the passion our Chinese community has shown over the nearly […]

  • Asia Pacific markets mostly fell as the second day of the G20 started

    Biden says it is “unlikely” that the missile that killed two people in Poland was launched from Russia US President Joe Biden said that An “unlikely” missile, which killed two people in Poland, was fired from RussiaCiting the trajectory of the missile. Asked by a reporter if the missile was launched from Russia, Biden said: […]

  • Hong Kong shares rose 3% as technology stocks advanced; Chinese activity data disappointing

    Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent […]

  • Before Xi’s meeting, Biden invites China – Politico

    PHnom Penh, Cambodia – US President Joe Biden offered a full US commitment to Southeast Asian nations on Saturday, pledging at a Cambodia summit to help stand against China’s growing dominance in the region – without mentioning the other superpower by name. Chinese President Xi Jinping was not in the hall at the summit of […]