Market Pulse - Asia
Asia report: Stocks mixed as China's factory output contracts
Stock markets in the Asia-Pacific region finished in a mixed state on Wednesday, with China leading the losses after manufacturing data there came in above expectations, but still showed a contraction.
China PMIs point to continued slowdown in August amid dearer energy, Covid restrictions
Economic activity in Asia's largest economy continued to slow in August, amid higher energy costs and Covid-19 restrictions, the results of two closely followed surveys revealed.
Asia report: Markets mixed after big losses on Monday
Stocks closed in a mixed state in Asia on Tuesday, following some serious losses on Monday after US Fed chair Jerome Powell sounded a hawkish tone at the Jackson Hole symposium last week.
Asia report: Stocks mixed as Tokyo inflation comes in slightly hot
Stock markets were in a mixed state as they closed in Asia on Friday, as investors closed out their positions ahead of US Fed chair Jerome Powell’s speech at the Jackson Hole symposium later in the global day.
Asia report: Stocks rise as Bank of Korea lifts rates by 25bp
Stocks in Asia were mostly in the green at the end of trading on Thursday as investors looked ahead to the US Fed’s Jackson Hole symposium later in the global day, with Hong Kong trading interrupted by a typhoon warning.
Asia report: Chinese tech plays weaker on mixed day for region
Wednesday brought a mixed performance from share markets in the Asia-Pacific region, with Chinese technology stocks in the red after electric vehicle maker Xpeng took a tumble.
Asia report: Stocks fall on growing fears of recession
Markets in Asia were on the back foot on Tuesday, taking their cues from a dire session on Wall Street overnight, where the Dow lost more than 600 points in its worst day since June.
Natural gas futures surge as Gazprom announces three-day halt to NS1 flows
Gazprom announced at the weekend that it would shut natural gas flows through the Nord Stream 1 pipeline for three days, sending gas futures sky-high.
Asia report: Most markets fall as China cuts two key interest rates
Most stock markets in Asia closed weaker on Monday after China’s central bank cut two of its key interest rates, while worries over aggressive interest rate hikes from the US Federal Reserve also weighed on sentiment.
BofA strategists sound bearish note on stocks, say Fed 'nowhere near done'
BofA Securities strategists sounded a 'bearish' note on the outlook for equity markets arguing that the US central bank was not done and enumerating a list of reasons to back up their thinking.
Asia report: Markets mixed as Japan inflation tops expectations
Markets in Asia were mixed but broadly flat at the close on Friday, again taking their cues from a muted session on Wall Street overnight.
Asia report: Stocks fall on back of US Fed minutes
Stocks were weaker in the Asia-Pacific region on Thursday, taking their lead from Wall Street after the minutes of the most recent Federal Reserve meeting dampened sentiment.
Credit Suisse bumps up target price for BHP, but stays at 'neutral'
Credit Suisse analysts reiterated their 'neutral' recommendation for shares of BHP Group following what they described as a "solid" set of results out of the mining group.
Frasers Group tables all-cash offer for Australian rival MySale
Frasers Group tabled an all-cash offer for its smaller Australian rival MySale in a bid to grow its presence Down Under.
Berenberg slashes target for Gem Diamonds but stays at 'buy'
Analysts at Berenberg slashed their target price for shares of Gem Diamonds on the back of the miner's second quarter trading statement.
Asia report: Stocks rise as RBNZ hikes rates again
Stock markets in Asia were mostly higher on Wednesday, as New Zealand’s central bank hiked interest rates, and data from Japan and Australia buoyed sentiment.
Asia report: Stocks mixed, Chinese property shares soar
Stocks in Asia were mixed on Tuesday, with Chinese real estate firms and Australian miners underpinning some of the gains.
Tencent planning to sell down its Meituan holding
Chinese technology giant Tencent Holdings is planning to sell most or all of its stake in e-commerce and food delivery platform Meituan, it was reported on Tuesday.
Asia report: Stocks mixed as Japan's GDP rises, PBoC cuts some rates
Stocks closed in a mixed state in Asia on Monday, after Japan’s economy grew to beyond pre-Covid levels in the latest GDP reading, while investors also digested a surprise interest rate cut and some data releases from China.
Japan's economy recovers beyond pre-pandemic levels
Japan’s economy recovered beyond pre-Covid levels in the second quarter, with GDP expanding at 2. 2% year-on-year, although that was below consensus expectations for 2. 6% growth.