Alibaba’s Big Singles Day

Alibaba’s Big Singles Day

#alibaba #singlesday $BABA The world’s largest online shopping bonanza began in China Wednesday with an army of workers and robots primed to sort packages, and international superstars hired to drive sales, on “Singles’ Day”. Conceived as an antidote to Valentine’s Day by BABA, the event falls on the eleventh of the eleventh — with all […]

Alibaba Thrives in Coronavirus World

Alibaba Thrives in Coronavirus World

Chinese e-commerce leader Alibaba on Thursday reported solid 30 percent year-on-year revenue growth for the July-September quarter, providing some much-needed good news amid turmoil over its Ant Group affiliate’s abandoned IPO. Hangzhou-based Alibaba said revenue — a key measure of the internet giant’s business health as well as overall Chinese consumer spending — rose to […]

China Vs Jack Ma for the Future of Finance in Asia

China Vs Jack Ma for the Future of Finance in Asia

China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite. Global markets were stunned Tuesday when Ant’s record-breaking $34 billion IPO was abruptly shelved, frustrating investors eager for a piece of […]

Ant Group IPO: Possibly the Worlds Biggest Bank in 10 Years

Ant Group IPO: Possibly the Worlds Biggest Bank in 10 Years

Fintech giant Ant Group is facing growing Chinese pressure over potential risks in its online lending business, with co-founder Jack Ma and other executives summoned to an unusual meeting with regulators just ahead of its record-breaking IPO this week. The firm’s Alipay platform has helped revolutionise commerce and personal finance in China, with consumers using […]

Cathay Pacific 0293 Begins Restructure

Cathay Pacific 0293 Begins Restructure

#Cathay Pacific $0293 is to slash up to 5,900 jobs and shutter its Cathay Dragon subsidiary, the Hong Kong carrier said Wednesday, joining a growing list of airlines making swingeing cuts as they reel from the coronavirus pandemic. Across the globe, airlines have been hammered by the pandemic slashing international travel and they face a […]

Tesla Making China a Winner

Tesla Making China a Winner

#Tesla $TSLA will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced. The Model 3 vehicles will be shipped to more than 10 countries including France, Germany, Italy and Switzerland, the group said in a statement sent Tuesday to AFP. “This […]

Big Hit Entertainment IPO

Big Hit Entertainment IPO

Shares in the management agency of K-pop sensation BTS were expected to rocket on their stock market debut Thursday, making an instant multi-billionaire of its chairman and boosting the seven band members’ own fortunes. The initial public offering of shares in Big Hit Entertainment saw staggering demand, with the public section oversubscribed no fewer than […]

IMAX Corporation (NYSE: IMAX) Surprise Winner in China

IMAX Corporation (NYSE: IMAX) Surprise Winner in China

IMAX Scores Record-Breaking $13 Million Opening Weekend Of National Day Golden Week Holiday In China National Holiday Grosses for IMAX Up 25% Over 2019, Pushing the Company to More Than $53 Million Box Office in China Since Theatres Reopened in July IMAX Corporation (NYSE: IMAX) today announced that the company scored a record-breaking $13 million […]

SET Index (.SETI) Expected to Find Traction

SET Index (.SETI) Expected to Find Traction

$SETI #Thailand #SET #Index #Stocks #TASCO #STA #INTUCH #TTW #ACE #BCH #SIRI #CHG SET Index News The Thai stock market has finished lower in five straight sessions, sliding almost 45 points 3.4 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,245-point plateau although it’s expected to find traction on […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares dipped Monday, as a Wall Street decline in the prior session and surging cases of C-19 in Europe pushed investors to look past an improvement in the domestic virus chaos. The S&P/ASX 200 index slipped 0.2% to 5,852.10 by 0102 GMT. In New Zealand, the benchmark S&P/NZX […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares followed their US peers higher Wednesday, led by tech stocks, as investors awaited the Fed’s policy statement due later in the day for its view on the US economy. The benchmark S&P/ASX 200 index rose 1% to a 1-wk closing high. In New Zealand, the benchmark S&P/NZX […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares end higher as miners lead, virus cases abate Australian shares closed higher Monday, boosted by mining stocks, after the country’s C-19 hotspot state of Victoria reported its lowest single-day rise in new infections in nearly 3 months. The S&P/ASX 200 index ended 0.7% higher at 5,899.5. New […]

Monday’s World Stock Markets Wrap: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China’s benchmark Shanghai Composite Index ended at its lowest close since late July as investors sold off sectors seen as over-valued, and as the reported possible blacklisting of China’s largest chip maker by the United States hit tech firms. At the close, the Shanghai Composite index was down 1.87% […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares seesawed Monday, as investors remained cautious ahead of the central bank’s cash rate decision and Q-2 economic growth data expected this week to gauge the impact of the C-19 chaos domestically. The S&P/ASX 200 index rose 0.2% to 6,083.60 by 0100 GMT New Zealand’s benchmark S&P/NZX 50 […]

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares closed lower Friday, dropping the most in nearly a month. The S&P/ASX 200 index ended 0.9% lower to 6,073.80, its biggest 1-day loss since 31 July. The benchmark index posted a 2nd straight weekly loss. New Zealand: the benchmark S&P/NZX 50 index finished 0.3% higher at 12,093.52. […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australia shares rise ahead of Fed Chairman Powell’s Jackson Hole speech Investors are now looking for hints from Fed’s Powell’s speech, due at 1310 GMT, that the central bank might tweak its policy framework to help push up inflation. The S&P/ASX 200 index rose 0.2% at 6,126.20, marking a […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares snapped 2 straight sessions of gainers Wednesday. The S&P/ASX 200 index settled 0.7% lower to 6,116.4. New Zealand’s benchmark S&P/NZX 50 index ended 0.3% higher at 12,031.51, marking its 4th straight session of gainers. Japanese shares finished lower Wednesday as investors chose to book profits. The benchmark […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares settled higher Monday, with tech stocks ending at a record high, while a significant slowdown in fresh daily C-19 coronavirus cases The S&P/ASX 200 index rose 0.3% at 6,129.60, snapping 2 straight sessions of losses. New Zealand’s benchmark S&P/NZX 50 index climbed 0.7% to finish the session […]

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China stocks finised higher Friday and posted a weekly rise, as investors cheered a series of solid corporate earnings, thought US trade talks kept a check on gains. The blue-chip CSI300 index rose 0.9%, at 4,718.84, while the Shanghai Composite Index added 0.5% at 3,380.68. On the week, CSI300 […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares finished lower Thursday as appetite for risky assets faded on fears that the country’s relationship with China could further sour following a report that the government would block a Chinese buyout offer of a local dairy firm. The S&P/ASX 200 index slipped 0.8% to 6,120.00 at the […]

Singapore: STI Index (.STI) is Blazing a Trail in the Global Effort to Replace Libor

Singapore: STI Index (.STI) is Blazing a Trail in the Global Effort to Replace Libor

$STI #Singapore #Stocks #Libor #Debt #Asia #Stocks #Trading STI IndexTicker: .STIPrice: 2561.04 Singapore News Singapore is blazing a trail in the global effort to replace Libor, becoming one of the first countries to auction debt linked to an alternative benchmark. The Monetary Authority of Singapore sold S$500 million ($366 million) of six-month notes with a […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Shanghai stocks finished lower Wednesday after 3 sessions running of gainers, as investors took profits while a trade talk delay with US dampened sentiment. At the close, the Shanghai Composite index was down 1.24% to 3,408.13. The blue-chip CSI300 index was down 1.5%, with its financial sector sub-index lower […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares closed higher Tuesday, with healthcare stocks leading gains, as the central bank’s mins showed some optimism around its economy and the spread the coronavirus in the country appeared to ease. The S&P/ASX 200 index ended 0.8% higher at 6,123.40. In New Zealand, the benchmark S&P/NZX 50 index […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China shares closed at their highest in more than a month Monday after the central bank injected fresh funds into the country’s financial system, with securities firms rallying on hopes for a lift from capital market reforms. At the close, the Shanghai Composite index was up 2.34% at 3,438.80 […]

Friday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia  Australian shares rose Friday, recording their biggest weekly gainer in 6, as the country’s central bank chief called for more fiscal stimulus to revive an economy facing its deepest recession in about a 100 yrs. Gold and tech stocks drove the S&P/ASX 200 index 0.6% higher at 6,126.2 at […]

Thursday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia #Thailand China shares ended flat to little changed Thursday, as caution ahead of a US-China meeting this weekend to review the implementation of a bilateral trade agreement offset strength in agriculture stocks on food security concerns. Senior US and Chinese officials will review the Phase 1 trade deal during […]

Wednesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Chinese shares fell for a 2nd session running Wednesday. The Shanghai Composite index closed down 0.6% to 3,319.27. The blue-chip CSI300 index fell 0.7%. The smaller Shenzhen index lost 1.3%, the start-up board ChiNext Composite index fell almost 2% and Shanghai’s tech-focused STAR50 index dropped 2.2%​. Japanese stocks finished […]

Tuesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Japanese shares gained Tuesday on hopes of additional US fiscal aid/relief/stimulus to bolster the world’s largest economy, as major countries break away from the impact of the coronavirus chaos. The Nikkei 225 Index ended up 1.88% at 22,750.24. The broader Topix index rose 2.54%.  Australian shares rose to a […]

Monday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Australian shares marked their highest close in nearly 3 wks Monday, driven by gains among heavyweight financials, while a dip in new coronavirus infections in Victoria and renewed hopes of financial aid in the United States boosted risk sentiment. The S&P/ASX 200 index was up 1.76% at 6,110.2 […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan #Thailand Around the region, MSCI’s Asia sans-Japan stock index was firmer by 0.25%, while Japan’s Nikkei index closed down 0.43%. China’s benchmark Shanghai Composite Index ended higher for a 5th session running Thursday, as a rally in financial and materials stocks offset worries about rising US-China tensions that earlier […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan #Thailand Thai stocks turned positive Wednesday after its central bank held interest rates as expected and predicted Q-2 output would be better than forecast, while warning it was ready to quell gains for the baht. The bank, which already has rates at a record low of 0.5%, said exports […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China stocks ended higher Tuesday, underpinned by strong gains in banks as investors cheered Beijing’s latest move to ease pressure on the country’s financial institutions. The blue-chip CSI300 index rose 0.1% at 4,775.80, while the Shanghai Composite Index also inched up 0.1% at 3,371.69. Banks led the gainers, with […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China shares rose on upbeat factory data, tech boost At the close, the Shanghai Composite index was up 1.75% at 3,367.97. The blue-chip CSI300 index was up 1.62%. The smaller Shenzhen index ended up 2.6% and the start-up board ChiNext Composite index was higher by 2.629%. Shanghai’s tech-focused STAR50 […]

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China stocks closed higher Friday despite uncertainties in C-19 coronavirus chaos, while liquidity and retail investor enthusiasm fuelled the main indexes to post the biggest monthly percentage rises since February last year. At the close, the Shanghai Composite index was up 0.71% at 3,310.01. The index ended July […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #stock #markets China shares finished lower Thursday, with tech and resources shares leading the declines, as some investors booked profits following the market’s strong finish in the prior session. The blue-chip CSI300 index ended down 0.5% to 4,656.15 and the Shanghai Composite Index 0.2% to 3,286.82. Australian shares finished higher Thursday as investors cheered […]

Wednesday’s World Stock Markets: Asia-Pacific

China’s benchmark index posted the biggest gainer in a wk Wednesday as investors bought up shares after recent slumps, while the tech-focused STAR board soared on new listings. At the close, the Shanghai Composite index was up 2.06% at 3,294.55, its best daily performance since 20 July. The blue-chip CSI300 index was up 2.42% with […]

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