Singapore

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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Singapore’s largest bank DBS reports Q2 earnings

DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. “Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow,” Gupta told CNBC’s “Capital Connection” following the …

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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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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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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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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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Tech can’t remove all financial risks, crypto regulation needed: BOE

Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governor for financial stability. Speaking at the British High Commissioner’s residence in Singapore on Tuesday, Cunliffe shared insights on the recent “crypto winter,” which refers to a period of …

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Family offices are a $6 trillion colossus in investing and deal-making

The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed …

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Indexes trade higher as investors react to Fed minutes

SINGAPORE — Asia-Pacific markets were mostly higher on Thursday as investors watch for market reaction to the latest Fed minutes. In South Korea, the Kospi advanced 1.83% after closing more than 2% lower on Wednesday, and the Kosdaq climbed around 1.43%. Samsung Electronics shares rose 3.19% after the company released earnings guidance for the second …

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