Market Pulse - Asia
Asia report: Tech shares surge as China inflation comes in weak
Equity markets in the Asia-Pacific region closed in positive territory on Wednesday, as investors digested lower-than-expected inflation data out of China, as well as hawkish-but-reassuring comments from US Federal Reserve chair Jerome Powell overnight.
Asia report: Markets close lower as bond yields rise
Markets in Asia closed in a negative state on Tuesday, as rising bond yields and concern over the prospect of higher interest rates saw traders keep a firm grip on their wallets.
Asia report: Stocks mixed, Chinese property firm Shimao surges
Markets closed in a mixed state in the Asia-Pacific region on Monday, with equities in South Korea leading the losers, as investors continued to monitor the global spread of the Omicron variant of Covid-19.
Asia report: Stocks mixed, Chinese property sector in focus again
Markets in Asia closed in a mixed state on Friday, with Hong Kong’s bourse leading the gainers as it recovered from a heavy sell-off in previous sessions.
Asia report: Stocks follow Wall Street lower after hawkish Fed minutes
Stocks markets in Asia were mostly lower on Thursday, with Japan’s bourse leading the falls, following a weak session on Wall Street overnight as the latest Federal Reserve minutes painted a more hawkish picture of policymakers stateside than previously thought.
Asia report: Most markets lower as Beijing turns up heat on tech
Most stock markets closed in negative territory in Asia on Wednesday, with technology plays following their Wall Street counterparts downwards as rising bond yields put pressure on the sector.
Canaccord hikes target price for electric drive specialist Saietta Group
Analysts at Canaccord Genuity hiked their target price for shares of electric drive solution specialist Saietta Group on the basis of the " continued high level of interest in the electrification of transport" and in anticipation of license sales announcements.
BoA says prospects for HSBC share buybacks brightening
Analysts at Bank of America raised their target price for shares of HSBC, telling clients that the prospects for share buybacks by the lender were brightening.
OPEC+ raises oil output by 0.4m b/d, as expected
The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
Asia report: Most markets higher, China manufacturing rebounds in December
Stock markets in Asia were mostly higher on Tuesday, with the exception of mainland China, although technology plays in Hong Kong were in the red after new regulations were announced by Beijing.