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

Oil production cuts are on the table before Russia sanctions

OPEC+, a group of 23 oil producing countries led by Saudi Arabia and Russia, will meet on Sunday to decide on the next phase of production policy. bloomberg | bloomberg | Getty Images Oil producers from the Organization of the Petroleum Exporting Countries and beyond may impose deeper cuts in oil production on Sunday, energy … 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

Asia-Pacific markets trade less; China keeps the LPR steady

Oil prices fall as China faces Covid fears, and Goldman Sachs cuts its forecast Oil prices fell nearly $1 as Covid fears rose in China with the nation seeing a The first death related to the virus was recorded since May this year. Brent Crude Futures losing less than a dollar, or 0.9%, to stand … Read more

Hong Kong shares rose 3% as technology stocks advanced; Chinese activity data disappointing

Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent … Read more

Hong Kong stocks rise Asian markets mixed before Fed rate decision

Oil futures rose after industry report on falling US crude inventories Oil futures rose on Wednesday after industry reports showed a decline in US crude inventories in the last week, Reuters Citing figures from the American Petroleum Institute on Tuesday. Brent crude futures contracts A profit of $1.31, or 1.46%, to stand at $95.87 a … Read more