Market Pulse - Asia
Asia report: Markets mostly higher, Nikkei falls on Abe resignation news
Markets in Asia finished mostly higher on Friday, with Japan being a notable exception, as investors reacted to reports that Shinzo Abe would resign - which was confirmed by the Prime Minister after markets closed.
Asia close: Stocks end mixed, Bank of Korea leaves door open to more cuts
Asian equities ended the session on a mixed note with investors opting to sit on their hands of a potentially key speech from US Federal Reserve chairman which could be expected to have global implications.
Electric carmaker Xpeng improves pricing for expanded US IPO
Chinese electric vehicle maker Xpeng could raise approximately $1. 5bn from its US initial public offering after raising the price of its shares to $15.
Trump ban on WeChat could harm some US businesses
US President Donald Trump’s executive order banning messaging app WeChat could result in a hit to the revenues of companies in China subject to US jurisdiction.
IRC Lmtd. pays Petropavlovsk $10.3m following interims
Petropavlovsk was paid $10. 3m by IRC Limited, the Hong-Kong based explorer in which it holds a 31. 1% stake.
Elon Musk predicts 50% boost to Model 3 battery's power
Tesla boss Elon Musk predicts that his company will be able to mass produce electric batteries for its Model 3 sedans with 50% more power in three to four years' time.
Glencore joins Fair Cobalt Alliance
The world's largest cobalt producer made an unexpected U-turn on Tuesday, giving its backing to artisanal miners in the Democratic Republic of Congo in a bid to assuage carmakers concerns around the ethics of its practices.
US and China hold phone call to discuss phase one trade deal
Officials from Beijing and Washington reiterated on Monday night their commitment to the phase one trade deal between their two countries.
Liberum stays at 'buy' on Taseko, sees share price doubling in 12 months
Analysts at Liberum reiterated their 'buy' recommendation and 125. 0p target price on shares of Taseko following favourable coverage on the copper miner's shares in the Mail on Sunday, telling clients that they expected the share price to double again over the next 12 months.
Asia report: Markets close higher, ChiNext stocks soar on new rules
Markets in Asia finished higher across the board on Monday, as investors digested weekend development in the Covid-19 pandemic.
Asia report: Markets rise on Friday, but finish week negative
Markets in Asia finished mostly higher on Friday, taking their lead from equities on Wall Street overnight, as investors rifled through some mixed economic data out of the US.
Asia report: Markets slip as China stands pat on rates
Markets in Asia were red across the board on Thursday, as investors watched China’s central bank stand pat on its benchmark lending rate, and digested the latest minutes from the Fed stateside.
BofA stays at 'underperform' on Kaz Minerals
Analysts at Bank of America reiterated their 'underperform' recommendation and 450. 0p target price on shares of Kaz Minerals following the firm's second quarter results.
Asia report: Markets mixed as Australia-China relations sour
Asian stock markets finished in a mixed state on Wednesday, as investors digested a fresh batch of data from Japan, amid souring relations between Beijing and Canberra.
Polymetal teams up with SMT Scharf
Polymetal has teamed up with SMT Scharf Group for the development and testing of electric-powered vehicles for its mines.
WHO urges countries to stop 'vaccine nationalism'
The World Health Organization is urging countries to stop putting their own interests ahead of the common goal in the race for a vaccine to combat Covid-19.
Asia report: Markets mixed as South Korea virus cases rise
Markets in Asia finished in a mixed state on Tuesday, as investors remained wary over rising numbers of Covid-19 cases in South Korea, while poring through the latest meeting minutes from Australia’s central bank.
Sector movers: Miners lead as PBoC adds liquidity, lenders pace losses
Food producers paced gains in the stock market at the start of the week with shares of Cranswick at the head of the pack.
Huawei CFO calls for release of classified document in Canada trial
Huawei Technologies Chief Financial Officer Meng Wanzhou and her lawyers are calling for the release of confidential documents ahead of her trial in Canada.
Asia report: Markets mixed as Japan records biggest GDP contraction ever
Markets in Asia finished in a mixed state on Monday, as investors held their breath over tensions between Washington and Beijing, and digested the latest economic data out of Japan.