China stocks bounce from Monday's losses as investors watch Covid situation, yen weakening

We predict that Japanese authorities are going to be at the least verbally making an attempt to intervene within the markets and attempt to calm sentiment, strive to not let tempo of [yen] depreciation get utterly out of hand. Chang Wei Liang Overseas trade and credit score strategist, DBS Financial institution Yen watch Buyers had …

Read more

Chinese gaming stocks jump as regulator approves new titles after months-long freeze

China’s gaming trade grew to become caught up in broader regulatory tightening throughout the expertise sector. Regulators grew to become more and more involved about gaming habit amongst kids. The approval of the primary batch of video games since July 2021 may point out China’s gaming sector headwinds will begin to subside. Greg Baker | …

Read more

Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more

Andrew Burton | Getty Pictures Information | Getty Pictures Try the businesses making headlines in noon buying and selling. Twitter — The social media firm soared 27.1% after a submitting revealed that Elon Musk has taken a 9.2% passive stake within the agency price about $2.9 billion. The acquisition got here weeks after the Tesla …

Read more

Stocks making the biggest moves in the premarket: Twitter, Tesla, Starbucks and more

Check out among the greatest movers within the premarket: Twitter (TWTR) – Twitter shares soared 26.1% within the premarket after a Securities and Alternate Fee submitting confirmed that Tesla CEO Elon Musk had taken a 9.2% passive stake in Twitter. Tesla (TSLA) – Tesla delivered simply over 310,000 autos throughout the first quarter, a report …

Read more

Asia Markets: Alibaba and JD.com soar as China pledges to support markets

Chinese language- and Hong Kong-listed shares soared on Wednesday after China’s authorities pledged to support beleaguered markets. The Cling Seng HSI, +9.09% surged 9% in afternoon commerce as state-run Xinhua Information Company stated the federal government would take quite a few market-friendly steps. The Shanghai Composite SHCOMP, +3.48% rose 3.5%. China’s monetary stability and improvement …

Read more

Hong Kong shares of dual-listed Chinese companies plunge as U.S.-delisting fears resurface

The Chinese and Hong Kong flags flutter as screens show the Hold Seng Index outdoors the Alternate Sq. complicated, which homes the Hong Kong Inventory Alternate, on January 21, 2021 in Hong Kong, China. Zhang Wei | China Information Service through Getty Pictures Hong Kong shares of dual-listed Chinese companies together with Nio, JD.com and …

Read more

As U.S. and European businesses cut ties with Russia, Chinese tech firms remain silent

Pictured on this picture is a video display screen in Russian President Putin’s workplace within the Novo-Ogaryovo residence displaying China’s President Xi Jinping, throughout a bilateral assembly through a video name. Mikhail Metzel | Tass | Getty Photographs American and European firms have been chopping ties with Russia or at the very least decreasing their …

Read more

Tech giants’ latest moves, regulatory action

Residents check out a digital actuality expertise on the opening of Cheonan Qianshu Shopping center, Shanghai, China, On December 22, 2021. Digital actuality is a key a part of the idea of the metaverse. Xing Yun | Costfoto | Future Publishing | Getty Photographs Think about this: the metaverse with Chinese language traits. That is …

Read more

Hong Kong Hang Seng leads gains in Asia markets; SoftBank shares soar

SINGAPORE — Shares in Asia-Pacific rose in Wednesday commerce, with shares in Hong Kong main beneficial properties regionally. The Hang Seng index in Hong Kong soared 2.06% to shut at 24,829 as Chinese language tech shares bounced again from their Tuesday losses. Shares of Alibaba jumped 6.83% whereas Tencent gained 2.72% and Netease superior 4.88%. …

Read more