S&P/ASX 200

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is …

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China’s factory activity data misses expectations; Asia-Pacific markets mixed

China’s factory activity data misses expectations; Asia-Pacific markets mixed China’s factory activity misses expectations, contracts for a 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 lower than the expectations of analysts polled by Reuters, who predicted a reading …

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Hong Kong stocks rise nearly 4% ahead of China’s Covid briefing

Hong Kong stocks rise nearly 4% ahead of China’s Covid briefing Oil prices jump more than a dollar ahead of China briefing Oil prices climbed ahead of a press conference which will be held by China’s State Council, as investors continue to monitor developments – paring some losses seen on Monday, when it reached the …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China …

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Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed

Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed JD.com shares drop after company cuts senior management pay Hong Kong-listed shares of JD.com traded more than 5% lower in the afternoon after the company confirmed pay cuts of its senior management team. The Chinese e-commerce giant confirmed that it will slash …

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Japan sees core inflation at highest in 40 years as Asia-Pacific stocks trade mixed

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks trade mixed Alibaba saw delivery disruptions during Singles Day, CEO says Alibaba CEO Daniel Zhang said, “The resurgence of Covid has affected one area after another, resulting in abnormal or suspended logistical service in different places,” according to a FactSet transcript of the …

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Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. …

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