Asia-Pacific markets trade lower; China keeps LPR steady

Asia-Pacific markets trade lower;  China keeps LPR steady

China keeps its loan prime rates on hold as expected China left its benchmark lending rate unchanged for a third month in a row, according to an announcement from the People’s Bank of China. The one-year loan prime rate is steady at 3.65%, and the five-year rate is also on hold at 4.3%, the notice … Read more

Hong Kong stocks up more than 4% as tech stocks rise; China’s activity data disappoints

Hong Kong stocks up 3% as tech stocks rise;  China's activity data disappoints

Fertilizer is key to get Black Sea grain deal in motion again, says expert A greater emphasis on fertilizer will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior advisor from Center for Humanitarian Dialogue. He explained that 70% of Europe’s fertiliser production … Read more

Hong Kong stocks up 3% as tech stocks rise; China’s activity data disappoints

Hong Kong stocks up 3% as tech stocks rise;  China's activity data disappoints

Fertilizer is key to get Black Sea grain deal in motion again, says expert A greater emphasis on fertilizer will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior advisor from Center for Humanitarian Dialogue. He explained that 70% of Europe’s fertiliser production … Read more

Hong Kong stocks jump after China trims quarantine period, up more than 7%

Hong Kong stocks gain more than 5% as Asia markets rise after US inflation report

Oil prices rise more than 2% on back of China easing quarantine measures Reopening stocks jump after China’s eased Covid measures reported China trims Covid quarantine time by two days Chinese state media announced on Friday that the country will reduce quarantine time for international travelers by two days. The revised rules state travelers will … Read more

Hong Kong stocks gain more than 5% as Asia markets rise after US inflation report

Hong Kong stocks gain more than 5% as Asia markets rise after US inflation report

Hong Kong movers: Alibaba, JD.com, Tencent soar at open Hong Kong-listed shares of Chinese technology companies popped in early Asia trade as the broader Hang Seng Index briefly added more than 6%. tech giants Ali Baba and JD.com soared 7.94% and 10%, respectively. Tencent added 9.16%, and Meituan gained 12.26%. — Lee Ying Shan Currency … Read more

Hong Kong property stocks dip, Australia inflation rises

Hong Kong property stocks dip, Australia 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 … Read more

Asia markets rally; China keeps benchmark lending rate unchanged

Asia markets rally; China keeps benchmark lending rate unchanged

SINGAPORE — Shares in the Asia-Pacific jumped Wednesday after a sharp bounce in US stocks overnight. The Nikkei 225 in Japan rose 2.33% with Fast Retailing and Tokyo Electron up 1.75% and 4.98% respectively. The Topix index gained 1.92%. Hong Kong’s Hang Seng index advanced 2.03%, and the Hang Seng Tech index was up 2.77%. … Read more