Login
Breaking News
Broadcom   RH   Adobe   Chewy   Dave & Buster's   Macy's   GE Vernova   Uber Technologies   GM  

Hong Kong Stocks Jump, EV Makers Report Mixed Sales In April Amid Brutal Price War

May 2, 2024
Li Chen
Stocks in Hong Kong advanced after investors returned from a holiday, and the Hong Kong Monetary Authority held its rate steady following the rate decision in the U.S. Electric vehicle makers reported mixed sales in April amid a brutal price war and slowing domestic demand growth.

Japan's Manufacturing Contraction Extends to Eleventh Month; Lasertec Reports Strong Results

May 1, 2024
Akira Ito
Japan's manufacturing sector extended contraction to the eleventh month in a row. Three Japanese railway companies reported a double-digit increase in annual revenue following the end of COVID-19 restrictions. Lasertec said nine-month sales and earnings rose, and the company announced the appointment of a new chief executive. 

Nikkei Jump 1%, Yen Recovers from a New Low; Factory Output Rebounds, Jobless Rate Holds Steady

Apr 30, 2024
Akira Ito
Benchmark indexes in Tokyo advanced, and the rebound in the yen raised the prospect of market intervention by the government. Factory output recovered, retail sales rose, and the jobless rate held steady in March. 

China Business Activities Show Moderate Expansion, ICBC and Agriculture Bank Report Declining Earnings

Apr 30, 2024
Li Chen
ICBC and the Agriculture Bank of China reported a decline in earnings for the first time in a year after net interest rate margins narrowed. China's manufacturing and service sectors showed moderate growth amid a protracted property market slump and its spillover effects in the banking sector. 

Hong Kong Index Extends Two-month Rebound to 20% After Insurer AIA Group Expanded Stock Buyback Plan

Apr 29, 2024
Li Chen
Stocks in Shanghai and Hong Kong extended gains after AIA reported a sharp jump in new business value in the first quarter. The Hang Seng index stretched to a 20% gain from the low reached on January 22. 

Bank of Japan Holds Rates Steady, Yen Tumbles to a New 34-year Low

Apr 26, 2024
Akira Ito
The Bank of Japan held steady its interest rate range, lifted its inflation outlook, and reiterated its commitment to purchase Japanese government bonds. The Japanese yen tumbled to a new 34-year low as traders recalibrated their rate outlook for the near future. 

Hang Seng Index Extends Weekly Gain to 7% On Earnings Optimism

Apr 26, 2024
Li Chen
Investors in Shanghai and Hong Kong bid up stocks on earnings optimism. CNOOC said quarterly earnings rose by 24%. BYD Auto repurchased its own stock. Guolian Securities said it plans to acquire privately-held Minsheng Securities as the brokerage industry ramps up consolidation. 



Rate Jitters Sap Market Sentiment In Japan, Yen Falls Below 155 Mark

Apr 25, 2024
Akira Ito
Stocks struggled in Tokyo ahead of the Bank of Japan's rate decisions on Friday. The yen dropped to a new 34-year low and fell below the 155 mark against the U.S. dollar. Canon's earnings fell short of market expectations. 

China Stocks Ride Earnings Wave, Li Ka-shing Controlled Companies Acquires Ireland's Phoenix Energy

Apr 25, 2024
Li Chen
China indexes advanced in the hopes that quarterly results would exceed lowered expectations amid fragile economic recovery, weak consumer sentiment, and protracted property market malaise.

Nikkei Index In Tokyo Soars 2% After Tech Stocks Rebound

Apr 24, 2024
Akira Ito
Benchmark indexes in Japan soared more than 2%, tracking gains in tech stocks in overnight trading in New York. The yen hovered near the 34-year low ahead of the Bank of Japan's rate decision later in the week.

Hang Seng Index Soar 1.7%, Weakness In IPOs Highlight Cautious Sentiment

Apr 24, 2024
Li Chen
Stocks in Shanghai struggled amid weak interest, but market indexes in Hong Kong advanced, tracking gains in tech stocks in overnight trading in New York. Mobvoi plunged 15% in its debut trading, indicating weak investor sentiment for its initial public offering. 

Japan Stocks Extend Gains; Manufacturing Contraction Slows but Service Expansion Accelerates

Apr 23, 2024
Akira Ito
Stocks in Japan advanced for the second consecutive session in a row, tracking gains in overnight trading in New York. Honda is nearing an agreement with the Canadian government to build an electric vehicle manufacturing plant.

China Indexes Lacked Direction, Li Ning Quarterly Sales Rise, Baicha Baidao IPO Plunges 35%

Apr 23, 2024
Li Chen
Stocks in Shanghai edged lower, but market indexes in Hong Kong advanced for the second day in a row. ChaPanda tea store network operator's stock plunged on the first day of trading in Hong Kong's largest public offering so far in 2024. 

Tokyo Stocks Advance Higher, Yen Drifts Lower Ahead of the BoJ's Rate Decisions

Apr 22, 2024
Akira Ito
Stocks in Tokyo rebounded and he yen continued to hover near its three-decade low ahead of the Bank of Japan's rate decisions later in the week.



Hong Kong Stocks Rebound After China Announces Regulatory Support

Apr 22, 2024
Li Chen
The Chinese securities regulator announced additional reforms to facilitate the listing of mainland Chinese companies on the Hong Kong Stock Exchange. The People's Bank of China held steady 1-year and 5-year loan prime rates.