Market Pulse - Asia
AstraZeneca, Oxford University team up to develop Covid-19 vaccine
Pharma giant AstraZeneca said it had teamed up with the University of Oxford to develop and distribute a potential coronavirus vaccine with the first results from clinical trials set to arrive over the next few months.
Asia report: Most markets higher amid conflicting China data
Markets in Asia closed mostly higher on Thursday, as investors digested conflicting manufacturing data out of China, and cheered promising results from a potential treatment for Covid-19.
BioNtech and Pfizer finish dosing first group of subjects in clinical trial
BioNTech and Pfizer finished dosing the first group of subjects for their Phase 1/2 clinical trial for the BNT162 vaccine against Covid-19 and will help China's Fosun Pharma to do the same.
Huawei overtakes Qualcomm as China's top player in chips
Huawei’s HiSilicon chip unit overtook Qualcomm as the biggest seller of semiconductors in the first quarter of 2020 for the first time ever.
Whatsapp alleges NSO Group 'deeply involved' in data hacks on users
Facebook owned messaging app Whatsapp alleged in new court filings that Israeli spyware firm NSO Group used US-based servers and was “deeply involved” in hacking the mobile phones of 1,400 Whatsapp users.
US Q1 GDP crashes as consumption and business investment collapse
The US economy shrank sharply and more quickly than expected at the start of the year, even before being hit by the full force of the Covid-19 pandemic.
RBC hikes target for Polymetal citing 'positives' from Analysts Day
Analysts at RBC Capital Markets hiked their target price in shares of gold miner Polymetal in the wake of the Analysts Day held the day before.
Asia report: Markets mixed as investors eye Fed rates decision
Markets in Asia finished in a mixed state on Wednesday, as investors looked across the Pacific towards the US Federal Reserve’s May interest rate decision.
Asia report: Markets mixed as oil prices fall further
Markets in Asia finished in a mixed state on Tuesday, as investors kept a watchful eye on oil prices, which continued to fall.
Asia report: Markets close higher on lockdown easing hopes
Markets in Asia finished in the green on Monday, as the Bank of Japan announced fresh easing measures and investors digested the latest developments in the ongoing Covid-19 coronavirus pandemic.
Asia report: Markets mostly lower as Covid drug hopes dashed
Markets in Asia finished mostly lower on Friday, as investors digested fresh reports that cast doubt over their previous hopes for a potential treatment for Covid-19.
True number of China coronavirus cases may quadruple official tally
Around 232,000 Chinese are believed to have been infected during the first wave of the Covid-19 coronavirus in China in February, dwarfing an official estimate roughly of 55,000 people.
Apple set to sell Macs using own chips starting in 2021
Apple plans to start selling Mac computers that use its own chip processors starting from 2021.
Asia report: Markets mixed as oil prices continue to rebound
Markets in Asia finished mixed on Thursday, as oil prices continued to recover from their dire losses earlier in the week.
Weekly US oil inventories jump, imports slip
US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were starting to align themselves with the reduced amount of storage capacity left.
Asia report: Markets mixed as investors try and make sense of oil market
Markets in Asia finished mixed on Wednesday, as investors continued to try and make sense of the ongoing oil price rout amid the Covid-19 coronavirus pandemic.
Huawei Q1 sales hit by Covid-19 and sanctions
Huawei’s revenues came in at $25. 8bn for Q1, up just 1. 4% from the previous year, marking a sharp slowdown in growth amid US sanctions and the ongoing pandemic.
US oil slides back into negative territory as turmoil continues
The price of oil for May delivery slid back into negative territory on Tuesday, as modest improvements overnight receded and June contracts started to come under pressure.
BofA hikes target for gold 18 months ahead by half
Strategists at Bank of America hiked their target for gold prices in 18 months' time by half in anticipation of central banks and governments doubling the size of their balance sheets and fiscal deficits, respectively.
Asia report: Markets close lower as oil prices crash through floor
Markets in Asia finished in the red on Tuesday, as investors reacted to a crash in oil prices, which saw the May contract for West Texas Intermediate fall well into negative territory to settle at -$37. 63 per barrel.