Tag: Shanghai

  • factory activity in China at the lowest reading since April; Asia markets are considerably higher

    Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the […]

  • China’s security apparatus swings into action to stifle Covid protests

    CNN – China Extensive security services quickly moved to choke Mass protests that swept the country, with police patrolling the streets, checking cellphones and even calling some protesters to warn them not to repeat it. In major cities on Monday and Tuesday, police flooded the sites of protests that took place over the weekend, when […]

  • Hong Kong shares jumped 4% ahead of China’s Covid briefing

    China likely won’t make sudden changes to its Covid policy: National University of Singapore National University of Singapore Professor Wang Junguo said on CNBC that the Chinese government is unlikely to make sudden changes to its policy on the non-spread of the coronavirus, because that would create chaos. “Squawk Box Asia”. “If you suddenly change […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Hong Kong shares gained more than 5% as Asian markets rise after US inflation report

    Earnings preview: SoftBank posts net profit after seeing previous losses SoftBank is expected to post a net profit in the next quarterly earnings. The median forecast expects the Japanese giant to report an annual net profit of 2.769 trillion yen ($19.5 billion) for the second quarter ended September 30, according to a survey by Refinitiv. […]