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Hong Kong’s Hang Seng up 2% as Asia markets gain; logistics firm GoGoX falls below offer price

24 June in Latest News

Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market. Hong Kong’s Hang Seng index jumped 2.2%, with the Hang Seng Tech index rising 4.32%. SenseTime was up 6% and Xpeng rose 7.24%. Logistics company GoGoX fell in afternoon trade to 20 Hong Kong dollars ($2.55)...

Hong Kong’s Hang Seng rises nearly 3%; Alibaba shares soar after earnings report

27 May in Latest News

Shares in Asia-Pacific largely rose on Friday, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. Shares of Alibaba listed in the city surged 12.21% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items,...

Asia-Pacific stocks mixed as data shows Japan’s economy shrank less than expected in the first quarter

18 May in Latest News

Shares in Asia-Pacific were mixed on Wednesday, following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.94% on the day to 26,911.20 while the Topix index climbed 0.96% to 1,884.69. Japan’s economy shrank...

OPEC+ seen likely to agree to another modest production increase after EU outlines Russian oil ban

05 May in Latest News

  Oil producer group OPEC+ on Thursday is seen as likely to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest trading bloc outlined proposals for new sanctions against Russian crude. The influential energy alliance of...

IMF expects to cut global growth forecast in response to Russia-Ukraine war, managing director says

11 March in Latest News

The International Monetary Fund will likely cut its global growth forecast to account for the economic consequences of the Russian invasion of Ukraine, managing director Kristalina Georgieva told CNBC on Thursday. “We think that we would be downgrading our growth projections as a result of the crisis, but...

Hong Kong and Japan drop more than 2% as Asia stocks slide; investors monitor Ukraine-Russia developments

04 March in Latest News

Shares in Asia-Pacific slipped on Friday as investors remained on edge over Russia’s invasion of Ukraine. Hong Kong’s Hang Seng index led losses regionally as it fell 2.5% to close at 21,905.29, with shares of HSBC slipping 3.38%. In mainland China, the Shanghai composite shed 0.96% to finish its trading day at...