Shanghai

Wall Street recovery, currencies, oil

SINGAPORE — Asia-Pacific shares fell at the open on Wednesday despite Wall Street recovering most of its losses by the close. Japan’s Nikkei 225 fell 0.77% and the Topix index slipped 0.72%. In South Korea, the Kospi declined 0.52% and the Kosdaq shed 0.28%. The S&P/ASX 200 in Australia lost 0.35%. MSCI’s broadest index of …

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RBA rate decision, services PMI, currencies, oil

SINGAPORE — Shares in the Asia-Pacific mostly rose on Tuesday as the Reserve Bank of Australia hiked interest rates in line with expectations. South Korea’s Kospi increased 1.8% to close at 2,341.78, and the Kosdaq advanced 3.9% to 750.95. SK Hynix jumped 3.82% while Naver rose 3.4%. The Nikkei 225 in Japan gained about 1% …

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Shimao, a big Shanghai real estate developer, defaults on debt

Hong Kong CNN Business — Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong …

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Asia-Pacific markets are mixed as investors search for direction

SINGAPORE — Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S&P/ASX 200 advanced 1.26%, with banking and retail stocks in the green. Japan and mainland China markets were also higher. The Nikkei 225 in Japan …

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Asia markets turn negative; Caixin survey shows China’s factory activity expanded

SINGAPORE — Asia-Pacific markets reversed gains and fell on the first day of the new quarter as investors digested positive factory activity data from a private survey in China. The Nikkei 225 in Japan gave up earlier gains to lose 0.72%, and the Topix declined 0.52%. Sentiment at Japan’s large manufacturers worsened in the April-to-June …

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China PMI data, stocks, currencies, oil

SINGAPORE — Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. The Nikkei 225 in Japan dropped 0.72%, …

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Recession, currencies, oil, Russian debt

SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index led gains in the region, rising 3%, while the Hang Seng Tech index popped 5.51%. Alibaba’s shares in the Chinese city rose 5.44% while Meituan was up around 5%. Mainland Chinese markets also …

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Nio: Two killed as car crashes to ground from Shanghai building

Hong Kong CNN Business — Two people died this week when a Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai. One member of Nio’s staff and an employee from a partner company were killed in the accident, the Chinese electric carmaker said in a statement Thursday. …

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Nio car falls from third floor parking lot in Shanghai, killing two

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said …

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recession fears, oil prices, currencies

SINGAPORE — Shares in the Asia-Pacific were higher on Thursday as investors continued to monitor recession concerns. Hong Kong’s Hang Seng index jumped 1.15% in early trade, with the Hang Seng Tech index rising nearly 2%. Mainland Chinese markets traded higher. The Shanghai Composite was up 0.16%, and the Shenzhen Component was 0.64% higher. The …

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