Market Pulse - Asia
Asia report: Markets advance as China beats manufacturing forecasts
Markets in Asia finished higher on Tuesday, as fresh data on China’s manufacturing sector showed growth above expectations.
Asia report: Most markets fall as Japan retail sales disappoint
Markets in Asia finished mostly in the red on Monday, as investors digested fresh retail sales data from Japan and continued to watch the latest developments in the Covid-19 coronavirus pandemic.
Avation enters agreements over Virgin Australia aircraft
Aircraft leasing company Avation said it had struck a deal on five aircraft that were on lease to Virgin Australia, which entered administration on 21 April.
Asia report: Markets mostly higher even as US infections surge
Most markets in Asia finished in positive territory on Friday on the back of a decent session on Wall Street overnight, even as Covid-19 infections continue to surge in the United States.
Qantas plans 6000 job cuts, $1.9bn raising as part of recovery plan
Qantas is planning to cut 6,000 jobs and raise AUD 1. 9bn as part of its three-year recovery plan as it struggles to cope with the ongoing slowdown in air travel demand in the wake of the Covid-19 pandemic.
Asia report: Markets fall as IMF slashes global forecasts
Markets in Asia finished weaker on Thursday, as investors digested the latest economic forecasts from the International Monetary Fund, which took the secateurs to its global gross domestic product expectations once more.
Washington claims Huawei and Hikvision backed by Chinese military
The Trump administration determined that top Chinese firms, including Huawei Technologies and Hikvision are owned or controlled by the Chinese military forces, reported Reuters on Thursday.
SoftBank raises $14.8bn from T-Mobile share sale
SoftBank raised $14. 8bn through the sale of shares in US-listed T-Mobile as it seeks to raise up to $20bn in cash by disposing of its stake in the wireless telecommunications carrier.
Iran ready for talks with US if it apologises for leaving nuclear pact
Iran said it would be ready to talks with the US, if the Trump administration apologises for exiting the 2015 nuclear deal.
Asia report: Markets mixed as investors watch rise in US cases
Markets in Asia were in a mixed state by the close on Wednesday, as investors kept an eye across the Pacific after White House health advisor Dr Anthony Fauci warned of a “disturbing surge” in Covid-19 cases overnight.
Director dealings: Polymetal COO sells shares, Volex director ups stake
Polymetal International revealed on Tuesday that chief operating officer Vitaly Savchenko had disposed of 10,000 ordinary shares in the FTSE 100-listed precious metals miner.
Trump signs executive order to temporarily suspend H-1B work visas
President Donald Trump signed an executive order temporarily halting the H-1B visa program for highly-skilled workers which some observers said could lead to labour shortages at technology companies.
Asia report: Markets mostly higher after Navarro trade deal roller coaster
Markets in Asia closed mostly higher on Tuesday, as investors digested comments from White House advisor Peter Navarro that the US-China trade deal was still in place.
Asia report: Markets mixed as China keeps rates on hold
Markets in Asia finished in a mixed state on Monday, as China’s central bank stood pat on lending rates, and investors watched a growing number of Covid-19 cases in the United States.
Petropavlovsk to seek secondary listing on Moscow Exchange
Russia focused miner Petropavlovsk is seeking a secondary listing on Moscow's stock exchange with a view to expanding its investor base in that country and the positive knock-on effects on the the shares' liquidity, shares trading volumes and for the visibility of its brand.
Alibaba and JD.com reach record $136.51bn sales during Chinese shopping event
China’s two biggest e-commerce giants Alibaba and JD. com combined reached a record $136. 51bn of sales through their platforms in 24h during 618, an important Chinese shopping event.
Asia report: Most markets rise, Australian retail sales surge
Markets in Asia were mostly higher on Friday, as investors kept a watchful eye on Covid-19 developments, and reports from Beijing suggested the recent resurgence of the coronavirus was under control in the Chinese capital.
Former Google CEO claims Huawei undoubtedly spied for Chinese government
Former Google boss Eric Schmidt said that there is ‘no question’ Huawei routed data to Beijing and carried out practices that were not acceptable for national security.
Asia report: Most markets fall on Covid spread, economic gloom
Most markets in Asia finished weaker on Thursday, as investors digested a fresh economic warning from the Asian Development Bank, and watched a concerning rise in the number of Covid-19 cases in the United States.
Asia report: Most markets higher even after IMF warning
Most markets in Asia finished in the green on Wednesday, even after the International Monetary Fund issued a more dire warning about the trajectory of the global economy amid the Covid-19 pandemic.