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Tag: Hang Seng Index

  • Asia-Pacific markets achieve after Wall Boulevard restoration

    SINGAPORE — Stocks in Asia-Pacific rose on Friday after a comeback on Wall Boulevard as traders persevered to digest the Fed’s plans to combat inflation.

    The Nikkei 225 received 0.45% in early business, whilst the Topix complex 0.19%.

    Australia’s S&P/ASX 200 rose 0.35%.

    In South Korea, the Kospi climbed 0.38% and the Kosdaq added 0.70%.

    Main inventory indexes within the U.S. reversed losses to upward push moderately on the shut.

    The Dow Jones Commercial Moderate received 87.06 issues, or 0.25%, to 34,583.57 after shedding up to 300 issues previous within the consultation. The S&P 500 used to be up 0.43% at 4,500.21, and the Nasdaq Composite inched up 0.06% to 13,897.30 following two instantly days of losses.

    Defensive shares corresponding to shopper staples and well being care led the marketplace comeback.

    “The response to the Fed mins early the day before today morning persevered to dominate markets in a single day,” Taylor Nugent, an economist on the Nationwide Australia Financial institution, wrote in a be aware.

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  • Japan shares drop just about 2% following declines on Wall Boulevard

    Asia-Pacific markets fell on Thursday following two days of declines on Wall Boulevard.

  • Asia-Pacific shares set for decrease get started as 10-year U.S. Treasury yield surges

    SINGAPORE — Stocks in Asia-Pacific appeared set for a decrease get started on Wednesday, following an in a single day surge within the U.S. 10-year Treasury yield.

    The Nikkei futures contract in Chicago was once at 27,550 whilst its counterpart in Osaka was once at 27,565. That when compared in opposition to the Nikkei 225’s remaining shut at 27,787.98.

    In different places, the SPI futures contract sat at 7,449, in opposition to the S&P/ASX 200’s remaining shut at 7,527.90.

    Stocks in mainland China are set to go back to business on Wednesday following vacations previous within the week.

    A non-public survey on Chinese language services and products sector job in March could also be set to be out at 9:45 a.m. HK/SIN on Wednesday. That knowledge unlock comes as China continues to struggle its worst Covid outbreak because the starting of the pandemic in early 2020.

    U.S. Treasury watch

    Traders will proceed to observe strikes in U.S. Treasurys on Wednesday. The ten-year Treasury rose to its very best degree since Would possibly 2019 on Tuesday, hitting a prime of two.562% earlier than settling at 2.55%.

    The yield at the benchmark 10-year Treasury observe remaining sat at 2.5543%, neatly above the 2-year Treasury observe’s yield of two.5241%.

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    A topping of the 2-year Treasury yield in opposition to the 10-year price has traditionally been seen forward of recessions.

    The ten-year Treasury yield jumped in a single day after feedback from U.S. Federal Reserve Governor Lael Brainard instructed an competitive technique to shrinking the central financial institution’s stability sheet.

    Stocks on Wall Boulevard fell in a single day, with the S&P 500 declining about 1.3% to 4,525.12. The Dow Jones Commercial Moderate slipped 280.70 issues, or 0.8%, to 34,641.18. The tech-heavy Nasdaq Composite lagged because it dropped 2.26% to fourteen,204.17.

    Currencies

    The U.S. greenback index, which tracks the buck in opposition to a basket of its friends, was once at 99.472 following a up to date bounce from beneath 99.

    The Jap yen traded at 123.59 consistent with greenback, weaker as when compared with ranges beneath 123.3 noticed in opposition to the buck the day before today. The Australian greenback modified palms at $0.7581 after a up to date drop from above $0.762.

  • IPO offers in China and Hong Kong droop as omicron instances leap

    The choice of public listings in higher China fell considerably within the first quarter of the yr, however nonetheless carried out higher than different world markets, information from consultancy EY confirmed.

    Better China general had a 28% drop within the choice of preliminary public choices, even supposing IPO task in Hong Kong was once slower in comparison to mainland China.

    “Hong Kong noticed significantly slower IPO task because of fresh marketplace volatility, a critical outbreak of Omicron instances and a slightly larger fall within the native inventory marketplace indices,” mentioned EY in a record.

    Hong Kong had simply 12 IPO offers, a drop of over 60% in comparison to a yr in the past.

    Chinese language tech stocks have plummeted during the last yr, hit via China’s regulatory crackdown and ongoing tensions with the U.S. The Cling Seng Tech index is down round 44% in comparison to a yr in the past, whilst the benchmark Cling Seng index has fallen about 22% in the similar duration.

    “Whilst Mainland China additionally noticed a small decline in deal numbers, proceeds rose [year-on-year] because of web hosting 3 of the seven mega IPOs in Q1 2022,” the company mentioned.

    Whilst the choice of IPOs fell, proceeds from the full higher China listings rose rather — via 2% in comparison to a yr in the past, or $30.1 billion.

    The tumble in checklist task in China and Hong Kong adopted a equivalent development in the remainder of Asia-Pacific, the place IPOs additionally fell — however now not as steeply, at 16% year-on-year. IPO proceeds in Asia-Pacific rose via 18%.

    ‘Unexpected reversal’ from file highs remaining yr

    The decline in Asia-Pacific was once much less critical in comparison to IPOs globally – with a fall of 37% within the first quarter in comparison to a yr in the past, or 321 listings. International IPOs raised $54.4 billion in proceeds from January to March this yr, a drop of 51% in the similar duration.

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    The full tumble international was once a turnaround from file highs in 2021 at 2,436 IPOs, in line with EY.

    “The surprising reversal may also be attributed to a spread of problems,” EY mentioned. They come with emerging geopolitical tensions, inventory marketplace volatility, in addition to value correction in over-valued shares from fresh IPOs.

    EY additionally attributed the drop to rising issues about emerging commodity and effort costs, the have an effect on of inflation and possible rate of interest hikes; in addition to the “COVID-19 pandemic possibility proceeding to carry again a complete world financial restoration.”

    In keeping with the pointy decline in world IPO task, there was once additionally a “substantial” fall in SPAC IPOs — the general public checklist for particular function acquisition corporations.

    Mega listings, which EY outlined as having proceeds of greater than $1 billion, additionally fell. It mentioned there have been additionally quite a few IPO launches postponed because of “marketplace uncertainty and instability.”

  • Asia-Pacific shares combined as oil jumps; Reserve Financial institution of Australia price choice forward

    SINGAPORE — Stocks in Asia-Pacific have been jumbled in Tuesday morning business as traders sit up for the Reserve Financial institution of Australia’s newest price choice.

    In Japan, the Nikkei 225 slipped 0.1% whilst the Topix index shed 0.35%.

    South Korea’s Kospi edged fractionally decrease. In other places, Australia shares rose because the S&P/ASX 200 complex 0.76%.

    In Southeast Asia, Singapore’s Straits Instances index climbed 0.34%. Markets in Hong Kong and mainland China are closed on Tuesday for a vacation.

    MSCI’s broadest index of Asia-Pacific stocks outdoor Japan traded 0.15% upper.

    Oil costs have been upper within the morning of Asia buying and selling hours on Tuesday, with world benchmark Brent crude futures up 1.54% to $109.19 in keeping with barrel. U.S. crude futures climbed 1.55% to $104.88 in keeping with barrel.

    Oil costs jumped on Monday as traders braced for the chance of extra Western sanctions on Russia following allegations of civilian massacres close to Ukrainian cities.

    The Ecu Union’s new sanctions on Russia are more likely to come with metal, luxurious, jet gas and extra, resources advised CNBC. The bloc, then again, stays divided over whether or not to increase the ones sanctions to power imports.

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    In the meantime, the Reserve Financial institution of Australia is about to announce its newest rate of interest choice at 12:30 p.m. HK/SIN on Tuesday.

    Forward of that call the Australian greenback modified palms at $0.7539, following the day gone by’s soar from underneath $0.75.

    In a single day on Wall Side road, the S&P 500 climbed 0.81% to 4,582.64. The Dow Jones Business Reasonable won 103.61 issues, or 0.3%, to 34,921.88. The tech-heavy Nasdaq Composite outperformed, surging 1.9% to fourteen,532.55.

    Currencies

    The U.S. greenback index, which tracks the buck in opposition to a basket of its friends, was once at 98.967 after a contemporary climb from underneath 98.6.

    The Jap yen traded at 122.55 in keeping with greenback, weaker as when compared with ranges underneath 122 observed in opposition to the buck remaining week.

  • Asia-Pacific shares combined; mainland China markets closed

    SINGAPORE — Stocks in Asia-Pacific struggled for course on Monday, as traders proceed to observe the U.S. Treasury yield curve.

    The Nikkei 225 in Japan slipped fractionally as stocks of Tokyo Electron dropped round 2%. The Topix index climbed about 0.1%.

    South Korea’s Kospi dipped 0.49%.In other places in Australia, the S&P/ASX 200 rose 0.43%.

    MSCI’s broadest index of Asia-Pacific stocks outdoor Japan traded 0.08% decrease.

    Markets in mainland China are closed on Monday and Tuesday this week for vacations.

    A carefully watched a part of U.S. Treasury yields inverted on Friday as temporary charges jumped following the discharge of jobs information stateside, elevating issues over a possible recession at the horizon.

    The benchmark 10-year Treasury yield remaining sat at 2.3895%, whilst the velocity at the 2-year Treasury be aware was once at 2.4625%. Yields transfer inversely to costs, with 1 foundation level equivalent to 0.01%.

    Inventory selections and making an investment developments from CNBC Professional:Currencies

    The U.S. buck index, which tracks the dollar in opposition to a basket of its friends, was once at 98.627, as in comparison to ranges underneath 98 noticed in overdue March.

    The Eastern yen traded at 122.52 in keeping with buck, more potent than ranges above 124 noticed in opposition to the dollar remaining week. The Australian buck was once at $0.7485, having traded in a variety between $0.747 and $0.753 for a lot of remaining week.

    Oil costs had been decrease within the morning of Asia buying and selling hours, with world benchmark Brent crude futures down 0.88% to $103.47 in keeping with barrel. U.S. crude futures slipped 0.93% to $98.35 in keeping with barrel.

    — CNBC’s Patti Domm contributed to this document.

  • Hong Kong leads losses in Asia; knowledge displays contraction in Chinese language production task

    SINGAPORE — Stocks in Asia-Pacific fell Friday morning following in a single day losses on Wall Boulevard as a non-public survey confirmed Chinese language production task shrank in March.

    Hong Kong’s Dangle Seng index led losses domestically, falling 1.37% in morning industry.

    Chinese language tech shares in Hong Kong noticed giant losses, with Alibaba falling 5.35% and Meituan slipping 4.88%. Baidu plunged 8.62% whilst Tencent shed 2.03%. The Dangle Seng Tech index traded 3.76% decrease.

    Buying and selling in a lot of Hong Kong-listed corporations, together with Chinese language actual property corporations Kaisa Workforce and Sunac, used to be suspended after lacking the cut-off date for reporting annual effects.

    In mainland China, the Shanghai composite dipped 0.1% whilst the Shenzhen element declined 0.281%.

    The Caixin/Markit production Buying Managers’ Index got here in at 48.1, under the 50-level that separates enlargement from contraction. That in comparison in opposition to the former month’s studying of fifty.4. Friday’s studying used to be additionally the bottom since February 2020.

    Information launched Thursday additionally confirmed Chinese language manufacturing unit task shrinking in March, with the respectable production PMI coming in at 49.5, under February’s studying of fifty.2.

    The information comes as China battles its maximum critical Covid-19 outbreak because the pandemic started.

    Somewhere else in Asia-Pacific, the Nikkei 225 slipped 0.61% whilst the Topix index fell 0.22%.

    Sentiment at Japan’s huge producers soured within the 3 months to March, in line with the Financial institution of Japan’s quarterly tankan trade sentiment survey. The headline index for enormous producers’ sentiment got here in at 14, a decline from the former quarter’s studying of 17.

    In South Korea, the Kospi dipped 0.7%. Australia’s S&P/ASX 200 hovered fractionally upper.

    MSCI’s broadest index of Asia-Pacific out of doors Japan traded round 0.8% decrease.

    In a single day stateside, the S&P 500 dropped about 1.57% to 4,530.41. The Dow Jones Commercial Reasonable slipped 550.46 issues, or 1.56%, to 34,678.35. The Nasdaq Composite declined 1.54% to fourteen,220.52.

    The losses on Wall Boulevard got here because the 2-year and 10-year U.S. Treasury yields in short inverted for the primary time since 2019, a transfer this is noticed as a possible caution sign of recession forward. The two-year and 10-year unfold used to be closing in unfavourable territory prior to pandemic lockdowns despatched the worldwide economic system right into a steep recession in early 2020.

    The yield at the 2-year Treasury be aware closing sat at 2.3607%, whilst the 10-year yield used to be at 2.369%.

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    “It is all the time a tough trade to think that an inversion of the yield curve is … someway a unique sign this time than it used to be closing time,” Paul Christopher, head of worldwide marketplace technique at Wells Fargo Funding Institute, advised CNBC’s “Squawk Field Asia” on Friday.

    “We take it significantly. We do see every other signs which are flashing pink within the economic system at this time similar to shopper sentiment and ahead expectancies,” Christopher stated.

    Nonetheless, he stated an inversion could be extra vital if it endured for a minimum of a month.

    Currencies and oil

    The U.S. buck index, which tracks the dollar in opposition to a basket of its friends, used to be at 98.4 following a contemporary jump from ranges under 98.

    The Eastern yen traded at 122.17 consistent with buck, more potent than ranges above 122 noticed in opposition to the dollar the previous day. The Australian buck modified arms at $0.748, off ranges round $0.747 noticed the previous day.

    Oil costs have been upper within the morning of Asia buying and selling hours, with world benchmark Brent crude futures up 0.38% to $105.11 consistent with barrel. U.S. crude futures rose fractionally to $100.35 consistent with barrel.

  • Oil falls greater than 3% in combined Asia-Pacific consultation; knowledge displays contraction in China production process

    SINGAPORE — Stocks in Asia-Pacific had been jumbled in Thursday morning business as oil costs fell sharply.

    Within the morning of Asia buying and selling hours, world benchmark Brent crude futures fell 3.92% to $109 according to barrel. U.S. crude futures dropped 4.62% to $102.84 according to barrel.

    U.S. President Joe Biden’s management is thinking about a plan to unencumber 1 million barrels of oil according to day from the strategic petroleum reserve for approximately six months, a supply advised NBC Information. International oil costs have spiked in risky business since Russia invaded Ukraine greater than a month in the past.

    Within the broader Asia-Pacific markets, mainland Chinese language shares declined in morning business because the Shanghai composite shed 0.26% whilst the Shenzhen part slipped 0.652%.

    Chinese language manufacturing unit process contracted in March, consistent with reputable knowledge launched Thursday. The rustic’s reputable production Buying Managers’ Index for March got here in at 49.5, less than February’s studying of fifty.2.

    The 50-point mark in PMI readings separates enlargement from contraction. PMI readings are sequential and constitute month-on-month enlargement or contraction.

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    MSCI’s broadest index of Asia-Pacific stocks outdoor Japan traded round 0.15% decrease.

    Currencies

    The U.S. buck index, which tracks the dollar towards a basket of its friends, was once at 97.767 because it struggles to get better after shedding from ranges above 99 previous within the week.

    The Eastern yen traded at 122.23 according to buck, nonetheless more potent than ranges above 124 noticed towards the dollar previous this week. The Australian buck was once at $0.7505, having in large part traded in a spread between $0.747 and $0.753 thus far this week.

  • Stocks in Japan glance set for opening features as buyers watch Russia-Ukraine state of affairs

    SINGAPORE — Stocks in Japan regarded set for a better get started on Wednesday as buyers stay up for tendencies surrounding the struggle in Ukraine.

    The Nikkei futures contract in Chicago was once at 28,325 whilst its counterpart in Osaka was once at 28,280. That when put next in opposition to the Nikkei 225’s ultimate shut at 28,252.42.

    In Australia, the S&P/ASX 200 climbed 0.54% in morning industry.

    Hong Kong-listed stocks of embattled developer Evergrande’s electrical automobile unit are set to renew buying and selling on Wednesday, the corporate introduced Tuesday. In the meantime, Hong-Kong indexed stocks of China Evergrande Workforce will “stay suspended till additional realize,” in step with a Tuesday announcement by means of the company.

    In Russia-Ukraine tendencies, the Russian army has begun transferring a few of its troops in Ukraine clear of spaces round Kyiv to positions somewhere else in Ukraine, although Pentagon Press Secretary John Kirby warned the troop actions don’t quantity to a retreat.

    U.S. Treasury yields may also proceed to be monitored by means of buyers on Wednesday. The yield at the benchmark 10-year Treasury notice ultimate sat at 2.398% whilst the yield at the 30-year Treasury bond was once at 2.5027%. The 5-year Treasury notice yield was once at 2.5017% whilst the 2-year Treasury notice’s yield sat at 2.3727%. Yields transfer inversely to costs.

    Previous this week, the 5-year and 30-year charges inverted for the primary time since 2006. An inversion of the yield curve has came about in the past forward of recessions, with the acquisition of extra long-dated Treasurys observed as an indication of investor worry over the economic system’s well being.

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    In a single day on Wall Side road, the S&P 500 won about 1.23% to 4,631.60. The Dow Jones Commercial Reasonable climbed 338.30 issues, or 0.97%, to 35,294.19 whilst the tech-heavy Nasdaq Composite jumped 1.84% to fourteen,619.64.

    Currencies

    The U.S. greenback index, which tracks the dollar in opposition to a basket of its friends, was once at 98.404 after a contemporary drop from above 98.8.

    The Eastern yen traded at 122.98 consistent with greenback, more potent than ranges above 124 observed in opposition to the dollar previous this week. The Australian greenback modified palms at $0.7515, nonetheless upper than ranges underneath $0.74 observed ultimate week.

  • Chinese language tech shares most commonly upward push as Meituan jumps just about 11% in blended Asia buying and selling; oil falls greater than 2%

    SINGAPORE — Stocks in Chinese language tech corporations most commonly rose in blended Asia-Pacific buying and selling on Monday, with oil costs falling greater than 2%.

    In Monday morning industry, stocks of Meituan soared 10.81% whilst Tencent climbed 3.14%.

    Meituan on Friday posted better-than-expected income for the closing 3 months of 2021. The corporate’s income for the fourth quarter got here in at 49.52 billion yuan ($7.78 billion), above imply analyst expectancies for a 49.2 billion yuan print, in step with knowledge from Refinitiv Eikon.

    The Cling Seng Tech index recovered from previous losses because it traded 2% upper. Some Chinese language tech shares, alternatively, slipped: Xiaomi shed 0.83% whilst JD.com dropped 2.71%.

    “Although you glance now, the place we see very important and sharp falls in order that valuations now are at a lot more cheap ranges, I believe it is nonetheless somewhat tough for traders … to actually construct the braveness to return in at those ranges,” Mark Konyn, workforce leader funding officer at AIA, instructed CNBC’s “Squawk Field Asia” on Monday.

    The wider Cling Seng index in Hong Kong complex 0.68%.

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    Oil costs declined within the morning of Asia buying and selling hours, with global benchmark Brent crude futures down 2.59% to $117.52 in line with barrel. U.S. crude futures slipped 2.92% to $110.57 in line with barrel.

    Currencies

    The U.S. greenback index, which tracks the buck towards a basket of its friends, used to be at 99.084 following a contemporary climb from beneath 98.7.

    The Eastern yen traded at 112.89 in line with greenback, weaker than ranges beneath 120 observed towards the buck closing week. The Australian greenback used to be at $0.751, having risen from beneath $0.74 closing week.