SINGAPORE — Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at one point, before dropping by about …
Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker. Bilibili (BILI) – The China-based online gaming company’s stock slid 4.2% in the premarket after Jefferies cut its …
SINGAPORE — Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. The Hang Seng index was down 2.75% early in the trading session as the Hang Seng Tech index dropped 3.4%. Shares of Chinese video company Bilibili plunged 5% in Hong Kong, and Alibaba’s Hong Kong-listed shares fell 3.46%. Mainland Chinese markets slid. The Shanghai …
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade, as investors watched for market reaction to China’s central bank announcing financial support for Covid-hit sectors. Hong Kong’s Hang Seng index led losses among the region’s major markets as it dropped around 1.8%, returning to trade following holidays on Friday and Monday. Chinese tech stocks in the city tumbled after …
Traders on the NYSE Feb. 28, 2022. Source: NYSE Select Chinese stocks have declined sharply on Thursday. China watchers believe this is likely because the Securities and Exchange Commission has identified five U.S.-listed American depositary receipts of Chinese companies (Yum China, BeiGene, Zai Lab, ACM Research and HUTCHMED) for failing to adhere to the Holding Foreign Companies Accountable Act (HFCAA). …
Morgan Stanley analysts say Kuaishou Technology will likely gain market share this year — and achieve profitability. Source link
SINGAPORE — Asia-Pacific markets mostly traded higher on Friday, following a volatile session on Wall Street overnight where investors reacted to comments from the Federal Reserve and U.S. GDP data. The Nikkei 225 in Japan gained 2% after falling nearly 3% on Thursday, while the Topix was up 1.74%. South Korea’s Kospi reversed losses to rise 0.81%. Australia’s ASX 200 …
Roughly a year after China's internet technology stocks took a beating from new regulations, JPMorgan now sees clear business opportunities for a few companies. Source link
A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to Meta on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Online dating apps, a crypto exchange and a professional wrestling brand are among the many companies that tried to weave their disparate and …
Guests fill an official Detective Conan-themed espresso store in a shopping center in Shanghai, China, on Thursday Might 13, 2021. Costfoto | Barcroft Media | Getty Photos Buyers are betting on an rising era of spenders in China – about 250 million folks generally known as Technology Z, roughly equal to 75% of the U.S. inhabitants. Born between 1995 and …
