Hang Seng Index

Japan's Nikkei rises 2% in mixed Asia session following Wall Street's rebound rally

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Australia’s central bank sees case for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “recognizes” that “the case for a slower pace of increase in interest rates becomes stronger as the level of the cash rate rises.” National Australia Bank economist Tapas Stickland said Lowe’s remarks may be “signaling …

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Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

IMF to head to Colombo for more economic solutions The International Monetary Fund will visit Colombo this week to continue discussions with Sri Lankan authorities on economic and financial reforms and policies. “The objective is to make progress towards reaching a staff-level agreement on a prospective IMF Extended Fund Facility (EFF) arrangement in the near …

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U.S. stocks open lower as traders brace for volatility amid monthly options expiration

Dow drops 300 points as options expiration unleashes volatility in stocks

U.S. stocks traded lower on Friday as more than $2 trillion equity-linked options expired, while investors digested more hawkish commentary out of the Federal Reserve. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -0.82% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.23% dropped 57 points, or 1.4%, to …

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Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

The Philippines hikes interest rates by 0.5% Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company’s shares traded in the black by 3.1% on Thursday. Pau said there are other upsides, which included Tencent’s plans …

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Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Indian wholesale price inflation falls to nearly 14% The annual wholesale price inflation rate in India fell to 13.93% in July from 15.18% in June, according to the latest data from India’s Office of the Economic Adviser. This was better than analysts’ estimates of 14.2%, according to a Reuters’ poll. The wholesale price inflation is …

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Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia's inflation rises

Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia’s inflation rises

SINGAPORE — Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Australia’s inflation rose and investors looked forward to the Fed’s policy decision. Property firm Country Garden’s stock plunged 15.05% after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 million new shares. The …

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Hong Kong's Hang Seng falls 2% as tech stocks drop; China's GDP misses expectations

Hong Kong’s Hang Seng falls 2% as tech stocks drop; China’s GDP misses expectations

SINGAPORE — Hong Kong’s Hang Seng falls 2% as tech stocks drop, and Asia markets were mixed as China’s GDP missed expectations. The Hang Seng index in Hong Kong fell 2%, and the Hong Kong Tech index slipped 3%. Alibaba’s U.S.-listed shares dropped more than 4% overnight after the Wall Street Journal reported that the …

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China stocks lead gains as Asia markets rise; Singapore tightens monetary policy

China stocks lead gains as Asia markets rise; Singapore tightens monetary policy

SINGAPORE — Mainland China markets led gains in Asia-Pacific on Thursday as Australia’s unemployment rate fell and Singapore tightened its monetary policy. The Shenzhen Component reversed losses to rise 1.259%, with energy stocks rising 3.68% according to Eikon data. The Shanghai Composite was up 0.31% and the CSI 300, which tracks the largest mainland-listed stocks, …

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Chinese stocks climb as Asia-Pacific markets rise; RBA expects inflation to peak by year end

Chinese stocks climb as Asia-Pacific markets rise; RBA expects inflation to peak by year end

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. The Shanghai Composite in mainland China traded higher at 0.22% while the Shenzhen Component gained by 0.15%. Hong Kong’s Hang Seng index climbed 0.79%, with tech stocks …

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