Market Pulse - Asia
Asia report: Stocks rise as Omicron variant fears fade
Markets in Asia closed in positive territory on Tuesday, as concerns around the ‘Omicron’ variant of Covid-19 ebbed and after China’s central bank vit its reserve ratio requirement for the second time this year.
Asia report: Most markets fall with tech stocks, Evergrande in focus
Equity markets were mostly lower at the close in Asia on Monday, with technology stocks and embattled property giant China Evergrande in focus as they tumbled in the Greater China region.
Saudi raises crude prices for Asia in January in possible sign of confidence
Crude oil futures are trading on the front foot in the early going after Saudi Aramco raised its official selling prices for Asia in January.
Two Hutchmed drugs included in China's 2022 reimbursement list
Hutchmed China announced on Friday that, following negotiations with the China National Healthcare Security Administration (NHSA), from 1 January the updated National Reimbursement Drug List (NRDL) will continue to include ‘Elunate’, or fruquintinib, and would now include ‘Sulanda’, or surufatinib.
Asia report: Most markets rise, Chinese tech weaker on Didi news
Stock markets were mostly higher in Asia on Friday, with Chinese tech plays in focus in Hong Kong after ride-hailing giant Didi Chuxing announced plans to delist from the New York Stock Exchange.
Didi planning to delist US shares in move to Hong Kong
China-based ride-hailing giant Didi Chuxing is planning to delist its shares from the New York Stock Exchange, it said on Friday, as part of a move to Hong Kong.
OPEC+ to raise output, but leaves itself room for manoeuvre
The Organisation of the Petroleum Exporting Countries and its allies surprised some oil traders with their decision to go ahead with their previously planned output hike in January - despite the appearance of Omicron, the new strain of Covid-19.
Asia report: Markets mixed after Omicron reaches US shores
Stock markets finished in a mixed state in Asia on Thursday, with consternation around the ‘Omicron’ variant of Covid-19 still dragging investor sentiment downwards.
Weston family agrees £4bn sale of Selfridges Group
High-end department store chain Selfridges Group has sold for £4bn, it was reported on Thursday, to the privately-held Thailand conglomerate Central Group.