Taiwan’s Taiex up 2%, RBI rate decision ahead

Taiwan’s Taiex up 2%, RBI rate decision ahead

SINGAPORE — Taiwan shares led gains in Asia-Pacific markets as investors shake off China’s military drills following U.S. House Speaker Nancy Pelosi’s visit. Taiwan’s Taiex jumped 2.03%, with chipmaker TSMC rising 3%. The index traded lower this week as U.S.-China tensions increased over Pelosi’s trip. Markets appear unfazed by China’s drills around Taiwan, though Japan’s … Read more

Caixin manufacturing PMI, China, currencies, oil

Caixin manufacturing PMI, China, currencies, oil

SINGAPORE — Shares in the Asia-Pacific region were mixed on Monday ahead of the release of a private survey on Chinese factory activity for July. Over the weekend, China’s official Purchasing Managers’ Index reading for July came in at 49, down from 50.2 in June and lower than the expected 50.4. Japan’s Nikkei 225 and Topix … 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 dragged the market lower as Asia-Pacific 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 around 14% Wednesday after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 … Read more

China GDP, industrial production, retail sales

Caixin manufacturing PMI, China, currencies, oil

SINGAPORE — Asia-Pacific stocks slipped Friday ahead of China data including GDP and retail sales numbers. In Australia, the S&P/ASX 200 dropped 1.4%. South Korea’s Kospi gave up early gains to decline 0.86% and the Kosdaq lost 0.71%. Japan’s Nikkei 225 was about flat after rising in early trade, while the Topix index shed 0.54%. Shares … Read more

Stocks, company news, currencies, Covid, oil

Stocks, company news, currencies, Covid, oil

SINGAPORE — Shares in the Asia-Pacific were mixed on Tuesday after Wall Street slipped overnight. The Nikkei 225 in Japan declined 0.83% in early trade, while the Topix index fell 0.71%. South Korea’s Kospi shed 0.48% and the Kosdaq lost 0.96%. But Australia’s S&P/ASX 200 rose 0.29% MSCI’s broadest index of Asia-Pacific shares outside Japan … Read more