Market Pulse - Asia
Asia Pacific heading towards uneven recovery amid lurking risks, World Bank says
One year on from the start of the pandemic, the Asia Pacific region's economy is still facing multiple risks, not least from an uneven recovery among countries and the possibility that new virus strains might appear, the World Bank said.
Asia report: Most markets weaker, China factory activity rises
Most stock markets in Asia closed in the red on Wednesday, as investors digested the latest data on China’s factory activity, while investment banking plays continued to suffer from the fallout of the Archegos fire sale.
T-cell response barely impacted by new Covid-19 strains, study shows
The T-cells generated by the human body in response to the original strain of SARS-CoV-2 appear to also protect against the new strains of the virus that causes Covid-19, the results of a US laboratory study showed.
New App Detects How Seriously COVID Could Affect You
Scientists in Germany have developed a free online diagnostic tool that instantly analyzes your risk of developing a severe case of COVID-19 – using personal health DNA data from providers like 23andMe, Ancestry, MyHeritage, and Genotek.
Mitsubishi group warns of possible $300m loss
Japan’s Mitsubishi UFJ Financial Group warned on Tuesday of a potential loss of around $300m at its European subsidiary over an anonymous US client.
Asia report: Most markets higher, Japan retail sales better than expected
Markets in Asia were firmer for the most part on Tuesday, as investors digested the latest retail data from Japan, as shares in investment bank Nomura continued to come under pressure.
Asia report: Markets mixed, Nomura slides on US profit warning
Markets in Asia finished in a mixed state on Monday, with financial holding firm Nomura plunging in Tokyo after it said its US operation was looking to have made a loss of $2bn.
Asia report: Markets higher as US moves buoy sentiment
Stock markets in Asia were mostly positive at the end of Friday, with China and Japan leading the gains, as investors digested comments from Federal Reserve chair Jerome Powell on the US recovery overnight.
Asia report: Markets mixed amid technology sell-off
Markets in Asia were mixed at the end of the day on Thursday, with technology stocks suffering losses following a sell-off in the sector on Wall Street overnight.
Asia report: Hang Seng enters correction territory amid fresh Covid concerns
Markets in Asia largely closed in negative territory on Wednesday, with Hong Kong’s benchmark sliding into correction territory, amid fresh concerns around the global Covid-19 pandemic.
Asia report: Tech leads region lower, Baidu flops on debut
Most markets in Asia finished in negative territory on Tuesday, as technology plays declined across the region despite a solid session for the counterparts on Wall Street overnight.
Asia report: Markets mixed as China holds rates, lira in focus
Markets in Asia finished in a mixed state on Monday, as China’s central bank stood pat on interest rates, while investors kept an eye on developments in Turkey after a serious weakening in the lira over the weekend.
Asia report: Markets fall, BoJ moves away from stock purchasing
Most markets in Asia closed in negative territory on the last trading day of the week, as the Bank of Japan signalled a move away from its massive monetary stimulus policy, and after a selloff stateside overnight.
Bank of Japan drops huge stock purchasing target, holds rates
Japan’s central bank signalled its move away from its huge monetary stimulus policy on Friday, dropping its massive annual target for stock purchases.
Asia report: Most markets rise after Fed policy announcement
Most markets in Asia finished above the waterline on Thursday, as investors welcomed the Federal Reserve’s hike in economic forecasts for the US economy overnight.
Asia report: Markets mixed as investors await Powell's remarks
Stock markets in Asia ended Wednesday in a mixed state, as investors waited with bated breath for the result of the Fed’s meeting stateside later in the global day.
Asia report: Markets mixed as participants look to Fed meeting
Markets in Asia had given back some of their gains by the end of the day on Monday, as investors closed their pocket books ahead of the US Federal Reserve meeting later in the week.
Asia report: Most markets higher after Biden signs stimulus package
Most stock markets in Asia finished in positive territory on the final trading day of the week, taking their cues from Wall Street, where the S&P 500 hit a fresh record high overnight as tech plays rebounded.
Asia report: Most markets higher as Democrats pass US stimulus
Most markets in Asia finished in positive territory on Thursday, with stocks in China and Korea leading the gains, following a solid session on Wall Street overnight after House Democrats in Washington managed to pass president Joe Biden’s $1. 9trn coronavirus relief package.
'Super cautious' OPEC stance on output increases could backfire, Citi says
The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.