Hang Seng Index

Stocks drop after Wall Street plunge on U.S. CPI

A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020.Kazuhiro Nogi | AFP | Getty ImagesShares in the Asia-Pacific dropped sharply on Wednesday after indexes on Wall Street plunged following a higher-than-expected U.S. consumer price index report for August.Japan’s Nikkei 225 dropped 2.46%, …

Stocks drop after Wall Street plunge on U.S. CPI Read More »

Stocks, currencies, oil, economic data

U.S. to broaden curbs on chip and tool exports to China, Reuters reportsThe U.S. Department of Commerce plans to publish new regulations related to restricting exports of chipmaking equipment to Chinese factories that produce advanced semiconductors, Reuters reported, citing people familiar with the matter.The rules will be based on letters sent to KLA, Lam Research and Applied Materials earlier …

Stocks, currencies, oil, economic data Read More »

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says China’s latest inflation readings allow PBOC to maintain accommodative monetary policyChina’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note.”The moderation in price pressures gives the PBOC room to stay accommodative,” greater China economist Erin Xin said.Xin added that the central …

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments Read More »

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Oil prices climb following Russian threat to halt energy exportsOil prices rose, rebounding from losses in the previous session, following Russian President Vladimir Putin’s threat to stop oil and gas exports if European nations impose price caps on Russian oil.Brent crude futures climbed 1% to stand at $88.88 per barrel, while U.S. West Texas Intermediate …

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally Read More »

Asia-Pacific markets trade lower; China’s trade data in August misses expectations

Nomura cuts its China GDP forecast — againNomura has cut its forecast for China’s full-year GDP to 2.7%, another downgrade from its previous 2.8% estimate set in August.The new outlook is based on Nomura’s analysis that found 12% of China’s GDP is affected by Covid controls on a weighted basis, up from 5.3% last week.Several …

Asia-Pacific markets trade lower; China’s trade data in August misses expectations Read More »