Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …
Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall …
Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule Read More »
Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …
Wealthy Chinese keep spending while others cut spending, survey finds Read More »
TSMC shares rise after Apple says it will use US-made chips from the Taiwanese company China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November …
Asian markets trade mixed amid recession fears; China to release trade data Read More »
Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …
Hong Kong shares jump 3% as China relaxes some virus rules Read More »
New York, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | time | Getty Images Singapore has again been ranked as the most expensive city to live in, sharing first place with New York this year, according to the Economist Intelligence Unit (EIU). This …
Singapore and New York are the most expensive cities to live in, according to EIU Read More »
Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …
Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss …
Asia-Pacific Markets Rise, Japanese Yen Strengthens as Fed Signals Lower Rises Read More »
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Oil prices jump more than a dollar ahead of China briefing Oil prices rose ahead of a news conference to be held by China’s State Council as investors continue to monitor developments – paring some losses seen on Monday, when it hit record lows. lowest in nearly a year. West Texas Intermediate futures climbed 1.76% …
Hong Kong shares jump 4% ahead of Chinese Covid briefing Read More »
