Biden on Monday attended a joint press conference with Japanese Prime Minister Fumio Kishida in Tokyo, Japan. Pool | Getty Images News | Getty Images U.S. President Joe Biden on Monday said he would be willing to use force to defend Taiwan, prompting thanks from the democratic, self-ruled island — but sharp criticism from China. When asked at a joint …
SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix index shed 2.13%. Japan’s exports …
SINGAPORE — Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks were mixed, with the Shanghai …
The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours’ drive from Shanghai. Xie Chen | Visual China Group | Getty Images BEIJING — China reported a drop in …
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 …
Stock picks and investing trends from CNBC Pro: The U.S. consumer price index surged 8.3% in April as compared with a year ago — near the highest level in more than 40 years, official data showed Wednesday, . The April reading, which represented a slight ease from March’s peak, was also above the Dow Jones estimate for a 8.1% gain. …
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Wednesday as investors await the release of inflation data from China and the U.S. The Nikkei futures contract in Chicago was at 26,110 while its counterpart in Osaka was at 26,060 — lower than the Nikkei 225’s last close at 26,167.10. Australian stocks also appeared poised to dip, …
SINGAPORE — Shares in Asia-Pacific fell during Tuesday morning trade after heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Hong Kong’s Hang Seng index, returning to trade following a Monday holiday, fell 3% in early trade on Tuesday morning. Hong Kong-listed shares of Chinese tech firms dropped, with Tencent declining 3.55% while …
SINGAPORE — Shares in Asia-Pacific declined in Monday morning trade as investors look ahead to the release of Chinese trade data for April. In Japan, the Nikkei 225 fell 1.22% in early trade as shares of conglomerate SoftBank Group dropped more than 2%. The Topix index shed 0.89%. South Korea’s Kospi dipped 0.34% while the S&P/ASX 200 in Australia declined …
John Lee, a Beijing loyalist, has been picked to be the city’s next chief executive. Bloomberg | Getty Images John Lee, a Beijing loyalist, has been elected as Hong Kong’s next Chief Executive. Lee, the only candidate for Hong Kong’s top post, won more than 1,416 votes in Sunday’s election. He only needed a simple majority and obtained more than …
