Hong Kong shares up 2%; China releases inflation data in line with expectations

Chipmaker TSMC said net revenue for the month of November was up 50% from a year ago Hong Kong movers: Real estate and technology stocks rise amid return of optimism CNBC Pro: Wall Street says a recession is coming. An investment professional names her favorite stocks to beat Wall Street professionals are increasingly sounding the … Read more

Hong Kong shares rose about 3% after reports said the city was considering easing a Covid law

China’s National Health Commission has issued guidelines for treating COVID at home Chinese health authorities announced Guidelines for treating covid patients at home On Thursday, the day after the policy was formalized to allow most The infected patients should be quarantined at homeAs part of the country’s mitigation measures. The notice on the National Health … Read more

Markets are preparing for a “Recession Powell” that could come soon

Just in case there is any lingering doubt, the bond market is now pricing in the near certainty of a recession, triggered by the Federal Reserve, already here or on the way soon. The three-month Treasury yield now stands at about 86 basis points from 10 years ago, a level not seen since at least … Read more

Asia Pacific markets are mixed; Beijing eases some covid measures

The Indian rupee reached its weakest level in more than a month as the dollar rose Inflation in the Philippines rose to the highest level in 14 years due to food prices The Philippines Consumer Price Index for November rose 8.0% year-on-year, hitting a 14-year high on the back of higher food prices according to … Read more

China Covid Relaxation, Hong Kong Stocks Rise

Indonesia’s GoTo has lost nearly 70% of its value since it went public in April Indonesia GoTo group – The combined entity of passenger transportation giant Gojek and e-commerce marketplace Tokopedia lost 68.5% of its stake Initial value 400 trillion rupees ($28 billion) Since its initial public offering in April. On Thursday, pre-IPO shareholders such … Read more

South Korea inflation, US jobs report, COVID-19 in China

Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, … Read more

factory activity in China at the lowest reading since April; Asian markets are mixed

Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the … Read more

Hong Kong shares jumped more than 3% ahead of China’s Covid briefing

Pinpoint Asset Management expects a positive message to be delivered in the China Covid briefing China’s State Council is expected to send a positive message at the upcoming Covid press conference, but the announcement will not include a “milestone,” said Pinpoint Asset Management president Zhiwei Zhang. “I think the message will actually be positive… there … Read more

Hong Kong stocks led losses in Asia due to Chinese unrest, and oil is at a low in 2022

‘Not at all’ easy to shift production of Zhengzhou China’s latest Pro iPhone: Analyst Martin Yang, senior emerging technologies analyst at investment firm Oppenheimer, told CNBC that it is “not easy at all” to shift production of the latest Pro iPhones from the Zhengzhou factory as workers’ revolt against China’s no-Covid policy damages supply chains. … Read more

Fed Minutes, Bank of Korea Decision, Sri Lanka

Malaysian stocks rose with the announcement of the Prime Minister’s State Palace Listed shares rose in Malaysia as the state palace announce Anwar Ibrahim, Prime Minister of the nation. pointer KLCI Index It traded up 2% following previous negative sessions, and traded at the highest levels in more than two months. communication group Axiata Group … Read more