ICE Brent Crude (Sep’22)

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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Japan CPI inflation, currencies, oil

SINGAPORE — Shares in the Asia-Pacific were mixed Friday as investors digest Japan’s inflation data. The Nikkei 225 recovered from earlier losses to rise 0.45% and the Topix index climbed 0.28%. Official data released Friday showed that prices in Japan rose 2.2% in June compared to a year ago, in line with analysts’ expectations. “June …

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Asia markets rally; China keeps benchmark lending rate unchanged

SINGAPORE — Shares in the Asia-Pacific jumped Wednesday after a sharp bounce in US stocks overnight. The Nikkei 225 in Japan rose 2.33% with Fast Retailing and Tokyo Electron up 1.75% and 4.98% respectively. The Topix index gained 1.92%. Hong Kong’s Hang Seng index advanced 2.03%, and the Hang Seng Tech index was up 2.77%. …

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How to invest in energy stocks, oil companies: Morningstar strategist

Crude prices have broadly surged over the past year on the back of supply cuts and the Russia-Ukraine war; unsurprisingly, this has given oil stocks a major boost. But some of these companies are starting to look expensive, according to David Sekera, Morningstar’s chief US market strategist, who said there’s another corner of the sector …

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China GDP grows 0.4%, misses expectations

SINGAPORE — Chinese markets inched higher while stocks elsewhere in Asia fell Friday as investors watched for market reaction to China’s second-quarter GDP missing expectations. China’s GDP grew 0.4% in the second quarter, compared with 4.8% in the first quarter and the 1% that analysts in a Reuters poll predicted. The Shanghai Composite was fractionally …

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Singapore monetary policy, Australia unemployment rate

SINGAPORE — Mainland China markets led gains in Asia-Pacific on Thursday as Australia’s unemployment rate fell and Singapore tightened its monetary policy. The Shenzhen Component reversed losses to rise 1.259%, with energy stocks rising 3.68% according to Eikon data. The Shanghai Composite was up 0.31% and the CSI 300, which tracks the largest mainland-listed stocks, …

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Japanese yen rises after reports that former PM Shinzo Abe shot

SINGAPORE — Japan’s stocks gave up some gains and the yen rose on reports that former Japanese Prime Minister Shinzo Abe was gravely injured in a shooting. The Nikkei 225 was up 0.49% and the Topix index 0.68% higher. Both indexes rose more than 1% earlier in the session. The yen was last traded at …

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