Asia News

Stocks trade lower; SoftBank falls after earnings report

SINGAPORE — Shares in the Asia-Pacific were mixed Tuesday on a quiet data day as markets continue to digest last week’s stellar US jobs report. SoftBank Group’s stock fell around 7% after its Vision Fund reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter on Monday after the market close. The …

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Stocks mostly lower after US jobs report

Stock picks and investing trends from CNBC Pro: South Korea’s Kospi was slightly lower and the Kosdaq shed 0.31%. Chipmaker SK Hynix slipped 2.74% on Monday after the Korea Herald reported that a South Korean city, Yeoju, wants more compensation in exchange for letting the company build pipes to transport huge amounts of water to …

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Taiwan’s Taiex up 2%, RBI rate decision ahead

SINGAPORE — Taiwan shares led gains in Asia-Pacific markets as investors shake off China’s military drills following US House Speaker Nancy Pelosi’s visit. Taiwan’s Taiex jumped 2.03%, with chipmaker TSMC rising 3%. The index traded lower this week as US-China tensions increased over Pelosi’s trip. Markets appear unfazed by China’s drills around Taiwan, though Japan’s …

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Stocks rise following Wall Street bounce

SINGAPORE — Asia-Pacific shares traded higher on Thursday following the rally on Wall Street. Hong Kong’s Hang Seng index jumped 2.15% in early trade, and the Hang Seng Tech index rose 3.16%. Shares of Alibaba popped around 5% ahead of its earnings results later Thursday. The Chinese e-commerce giant could see revenue decline for the …

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Stanford dropouts’ startup worth millions, could be India tech unicorn

“When we started this 12 months ago, every conversation we had was, ‘You’re totally out of your mind, this is never going to work,’” said teenage CEO Aadit Palicha. Yet, Palicha’s company has managed to prove those doubters wrong — it’s now nearing unicorn status and is one of India’s fastest-growing quick commerce apps. A …

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South Korea inflation, RBA interest rates, oil

SINGAPORE — Asia-Pacific stocks fell on Tuesday as South Korea’s inflation rose and investors look ahead to the Reserve Bank of Australia’s interest rate decision. The Nikkei 225 in Japan slipped 0.87%, and the Topix index lost nearly 1%. In South Korea, the Kospi shed 0.39% and the Kosdaq declined 0.21%. Consumer prices in South …

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Hong Kong, China market slip; Caixin PMI dips

SINGAPORE — Greater China stocks slipped while other Asia-Pacific indexes rose on Monday as a private survey on Chinese factory activity showed growth slowed in July. Over the weekend, China’s official Purchasing Managers’ Index reading for July came in at 49, down from 50.2 in June and lower than the expected 50.4. Mainland China markets …

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Asia-Pacific markets are mostly higher after the Fed hikes rates

The immediate priority is getting a grip on inflation. Mainland china markets rose. The Shanghai Composite gained 0.23% to 3,283.14 while the Shenzhen Component was up 0.23% at 12,428.72. Japan’s Nikkei 225 was 0.36% higher at 27,815.48, while the Topix index inched up 0.16% to 1,948.85. MSCI’s broadest index of Asia-Pacific shares outside of Japan …

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Hong Kong property stocks dip, Australia inflation rises

SINGAPORE — Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Australia’s inflation rose and investors looked forward to the Fed’s policy decision. Property firm Country Garden’s stock plunged 15.05% after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 million new shares. The …

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Fed, economic data, inflation currencies, oil

SINGAPORE — Shares in the Asia-Pacific region fell on Monday ahead of an important week in the US The Nikkei 225 in Japan slipped 0.84% ​​and the Topix index lost 0.72%. In South Korea, the Kospi declined fractionally, while the Kosdaq shed 0.75%. With the focus on the US FOMC meeting, Asian assets will likely …

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