Market Pulse - Asia
Chinese warplanes simulate attacking US aircraft carrier
Chinese military aircraft simulated attacking a nearby US carrier with missiles during an incursion into Taiwan’s air defence zone this week.
Asia report: Markets mostly lower despite vaccine news
Most markets in Asia finished in negative territory on Friday, with stocks in South Korea leading the charge downwards.
Asia report: Markets fall on back of Wall Street losses
Markets in Asia were lower across the board on Thursday, following Wall Street’s lead, as bourses in the US plunged overnight.
GameStop's stonking run collapses retail trading platforms
GameStop shares continued their recent surge in the middle of the week catapulted higher by continued market speculation.
IMF warns of heightened risks from slow rollout of vaccines in developing countries
The world's financial stability watchdog warned governments that emergency economic measures needed to be retained in order to stave off the risk of a "correction" in stock markets.
Asia report: Markets mixed as IMF upgrades global forecast
Markets in Asia closed in a mixed state on Wednesday, as investors digested the latest global outlook from the International Monetary Fund, as well as fresh economic data out of China and Australia.
Asia report: Markets finish weaker, China web plays plunge
Markets in Asia were weaker across the board on Tuesday, with bourses in China leading the charge downwards, as investors monitored the latest developments on the Covid-19 front.
Huawei in talks to sell smartphone brands P and Mate
Chinese tech giant Huawei is in early-stage talks to sell its premium smartphone brands P and Mate, Reuters reported on Monday.
Asia report: Markets higher as China beats US for foreign investment
Markets in Asia finished positive across the board on Monday, as investors kept a watchful eye on the Covid-19 pandemic, as various mutated strains were tracked worldwide.
Asia report: Most markets weaker, CNOOC plunges
Most markets in Asia finished weaker on Friday, with Chinese oil giant CNOOC seeing some serious losses in Hong Kong.
Eli Lilly treatment cuts Covid-19 risk by 80% in nursing homes
An antibody therapy developed by Eli Lilly reduced the risk of Covid-19 symptoms among residents of nursing homes by as much as four-fifths, a study showed.
China imposes sanctions on top Trump officials
China has imposed sanctions on 28 Trump administration officials including former US Secretary of State Mike Pompeo for violating its sovereignty.
Asia report: Most markets rise as BoJ stands pat on policy
Most markets in Asia finished higher on Thursday, as investors reacted to the swearing-in of Joe Biden as president of the United States, as the Bank of Japan held monetary policy steady.
Alibaba shares rebound as founder resurfaces after three months
Alibaba’s founder Jack Ma resurfaced after a three month hiatus from public appearances, speaking to 100 rural teachers through a video call, which sent stock in his company more than 8% higher on Wednesday on the Hong Kong stock exchange.
Asia report: Markets mostly higher as China stands pat on rates
Markets in Asia closed mostly higher on Wednesday, as China stood pat on interest rates, with Chinese internet giant Alibaba in focus.
ByteDance launches mobile payment service Duoyin Pay
Beijing-based ByteDance launched its third-party payment service Douyin Pay on Tuesday as part of its foray into the e-commerce space in China.
LME set to close its doors for first time since WWII
One of the last remaining open-outcry trading floors in the world may soon shut its doors for good.
Asia report: Markets mostly higher as Hong Kong locks down further
Markets in Asia closed mostly firmer on Tuesday, as investors held their breath ahead of the inauguration of US president-elect Joe Biden later in the week, and monitored the ongoing global Covid-19 pandemic.
Geely and Tencent sign cooperation deal to work on smart technologies
Geely Auto Group and Tencent have signed a strategic cooperation agreement in digitalization, intelligent cockpits, autonomous drive, and low carbon development, Geely announced on Monday.
Kuaishou's Hong Kong IPO could value company at $60bn
Kuaishou’s initial public offering on the Hong Kong stock exchange could see the Chinese online short video company valued at $60bn.