World Markets

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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New Zealand interest rate hikes, inflation data

New Zealand interest rate hikes, inflation data Malaysia stocks little changed as nation’s wait for new prime minister continues Malaysia-listed stocks were little changed as the country’s political deadlock continues and local media reported Malaysia’s king, the Yang di-Pertuan Agong, will make a decision, without giving a timeline. The benchmark KLCI index was down 0.09% …

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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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Binance CEO slams Samuel Bankman-Fried’s erratic behavior

Binance CEO slams Samuel Bankman-Fried’s erratic behavior Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto/Contributor/Getty Images The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim …

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Hong Kong stocks up 3% as tech stocks rise; China’s activity data disappoints

Hong Kong stocks up 3% as tech stocks rise; China’s activity data disappoints Fertilizer is key to get Black Sea grain deal in motion again, says expert A greater emphasis on fertilizer will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior advisor …

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