Market Pulse - Asia
China GDP growth holds up better than expected in June
Economic growth in the People's Republic of China held up better than expected in June, although economists pointed to certain inconsistencies in the data.
Asia report: Most markets close weaker, RBNZ cuts stimulus
Markets in Asia closed mostly lower on Wednesday, as investors digested the latest inflation data out of the United States, while New Zealand’s central bank announced a cut to its current stimulus measures.
Central Copper Resources plots placing and AIM float to advance project in DRC
Central Copper Resources is looking to raise equity to finance the development of its mines and exploration work in Central Africa via a placing and flotation on AIM.
Asia report: Most markets higher as China exports top forecasts
Markets in Asia were broadly firmer as they closed on Tuesday, as investors digested the latest export data out of China and monitored the regional Covid-19 situation.
Chinese regulator to order Tencent Music to give up exclusive rights to music labels
China’s antitrust regulator is set to order Tencent Holdings to give up its exclusive rights to music labels in a move meant t to favour smaller rivals.
Asia report: Markets rise, China cuts reserve requirement for banks
Markets in Asia were firmer across the board on Monday, as China’s central bank took the secateurs to its reserve requirement ratio, while Japan’s capital was placed under a fresh set of Covid-19 restrictions.
Chinese 'narrow' money supply growth slowed further in June
Chinese money supply growth slowed more sharply than expected last month, but some economists warned against reading too much into the latest figures.
Asia report: Markets mixed as China consumer inflation misses
Most markets in Asia closed their Friday sessions in negative territory, as investors digested the latest inflation data out of China, while Japanese authorities looked set to ban all spectators from the upcoming Summer Olympics in Tokyo amid a rise in Covid-19 infections.
PBoC cuts lenders' reserve requirement ratio
The People's Bank of China lowered the amount of reserves that the country's lenders need to keep on hand as reserves in a bid to keep financial conditions from tightening.
Pfizer says third vaccine dose likely boosts antibodies against Delta variant
A third dose of the Covid-19 vaccine developed by Pfizer and BioNTech will likely significantly boost antibody levels in patients against the so-called Delta variant of the virus.
Xiaomi raises $1.2bn via debt issuance
Chinese tech giant Xiaomi is set to raise around $1. 2bn by selling debt even as authorities in Beijing crack down on the country's technology giants.
Bank of America creates dedicated cryptocurrency research team
Bank of America has put together a dedicated team for cryptocurrency research in a further sign of the asset class's increasing acceptance on Wall Street.
Asia report: Markets mostly lower amid HK regulatory fears
Most equity markets in Asia closed on the back foot on Thursday, with technology plays in Hong Kong under pressure as fears of a further regulatory clampdown from Beijing emerged.
Xpeng shares close flat in Hong Kong debut
Shares of Xpeng finished flat in their debut on the Hong Kong stock exchange on Wednesday.
Asia report: Markets mixed as China's forex reserves top forecasts
Markets in Asia were mixed at the end of a relatively quiet day on Wednesday, with much attention on the Hong Kong debut of Chinese electric car manufacturer Xpeng.
Twitter loses immunity over user-generated content in India
Twitter lost its liability protection against user-generated content in India after failing to comply with new IT rules, said the Indian government in a court filing.
Asia report: Markets mixed as RBA keeps rates at record low
Equity markets in Asia closed in a mixed state on Tuesday, as investors kept an eye on rising oil prices, and Australia’s central bank sated expectations by standing pat on interest rates.
SoftBank buys perpetual Yahoo trademark license in $1.6bn deal
Z Holdings, a division of SoftBank, has purchased the Yahoo Japanese trademark perpetually and related tech infrastructure for $1. 6bn in a deal with Verizon Media.
Chinese antitrust regulator to block Tencent merger
China's antitrust regulator is set to formally block Tencent Holdings's plan to merge the country's top two videogame streaming sites, Huya and DouYu.
Asia report: Markets mixed as China services growth slows
Equities closed in a mixed state across Asia on Monday, with investors digesting fresh data out of China which showed a marked slowing of growth in the country’s services sector.