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 …
Stocks trade lower; SoftBank falls after earnings report Read More »
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment …
SoftBank Vision Fund posts a $21.6 billion quarterly loss Read More »
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 …
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 …
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat …
Alibaba (FATHER) earnings fiscal Q1 June quarter Read More »
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 …
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 …
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 …
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 …
Asia-Pacific markets are mostly higher after the Fed hikes rates Read More »
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 …
Hong Kong property stocks dip, Australia inflation rises Read More »