[ad_1] Asian equities climbed, while the dollar and Treasuries steadied following big moves in the US session triggered by a paring back of Federal Reserve rate cut expectations. Japanese benchmarks gained about 0.8%, supported by weakness in the yen as the country’s economic growth slowed. South Korean shares fell, weighed down by battery makers on […]
Asian markets climb as US CPI data supports Fed easing – CNBC TV18
[ad_1] Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next month. Stocks in Japan and Australia climbed, while futures for Hong Kong fell as a gauge of US-listed Chinese companies declined Wednesday. US equities were little changed as the post-election rally appeared to stall. The […]
Chinese stocks slump amid stimulus skepticism, weak holiday data – CNBC TV18
[ad_1] Chinese stocks listed onshore slumped at the open amid skepticism about Beijing’s stimulus plans and signs of weakness in holiday-spending data. The benchmark CSI 300 Index dropped as much as 5.1% in early trading, set for its first loss in 11 days. A gauge of Chinese companies listed in the US had slid 6.9% […]
Chinese stocks soar most since 2015, heading for a bull market – CNBC TV18
[ad_1] Chinese shares look poised to enter the bull market, after authorities rolled out fresh property easing steps as part of a stimulus package unveiled last week. The benchmark CSI 300 Index rose as much as 6.2% in early Monday trading, the most since 2015 and taking its gains to over 20% from a low […]
A 13 percent rally this week has helped Hang Seng post its best weekly gain in 26 years – CNBC TV18
[ad_1] Hong Kong’s Hang Seng Index surged 13% this week, marking its best weekly gain in 26 years. The index reclaimed the 20,000 level, aided by Beijing’s stimulus measures, including the People’s Bank of China (PBC) cutting the amount of cash that banks must hold as reserves, or the reserve requirement ratio (RRR), by 0.50 […]
Walmart’s $3.6 billion JD.com sale fuels China tech slump – CNBC TV18
[ad_1] Walmart Inc. is raising about $3.6 billion by selling its stake in Chinese e-commerce firm JD.com Inc., winding down an eight-year partnership that appears to be paying diminishing returns amid a challenging landscape for Chinese tech giants. The US retailer sold 144.5 million shares for $24.95 apiece, according to people familiar with the matter […]
Japanese stocks weigh on Asian indices; Yen extends gains – CNBC TV18
[ad_1] Japanese stocks dragged down Asian equities following gains on Wall Street as the Federal Reserve signaled it will soon cut interest rates. A gauge for equities in the region fell Thursday. Japanese shares declined on yen strength, slipping over 3% – led by real estate stocks. Equities in Australia and South Korea edged higher […]