Hong Kong shares jump after China reduces quarantine period, up more than 7%

The Chinese yuan is at its strongest level in more than a month after China eased Covid measures The Chinese yuan hit its strongest level in more than a month after China announced some easing of Covid measures. wild Chinese yuan It recently traded at 7.0949 against the US dollar, the strongest levels the currency … Read more

Shares in Hong Kong rose more than 2% as Chinese trade data missed estimates

High interest rates and food inflation are headwinds for the Indian economy State Bank of India chief Dinesh Kumar Khara told CNBC’s Squawk Books Asia on Monday that the two threats the Indian economy will face in 2023 are inflation and rising interest rates. Khara said there is a risk that India and other economies … Read more

Hong Kong stocks rise, Asian markets mixed before Fed rate decision

Hang Seng in Hong Kong was ‘ready for any kind of recovery’: Goldman Sachs Timothy Mo, senior regional equity strategist for Asia Pacific at Goldman Sachs, said the Hang Seng’s rally this week was in part because it was “ready for any kind of recovery, rebound and short-covering.” The two-day rally followed sharp declines after … Read more

Stocks fell, and the Japanese yen approached 150 against the dollar

Hong Kong-listed airlines briefly climb due to report China discusses quarantine reduction Shares of some Chinese airlines listed on the Hong Kong stock exchange briefly rose after a Bloomberg report that Chinese officials are discussing reducing the quarantine period for incoming travelers. Soon after the report, China Southern Airlines stock is up about 3%, Air … Read more

Hong Kong shares fell 2%, topping losses in mixed Asian trade after John Lee’s speech

William Ma says it’s ‘too early’ to buy property in Hong Kong for policies to attract talent again William Ma, chief investment officer at GROW Investment Group, said it was still too early to buy real estate stocks and physical property in Hong Kong. Speaking on CNBC’s “Street Signs Asia,” Ma said investors in the … Read more

Stocks fall as recession fears weigh

The economist says Xi’s speech shows that the real estate sector is likely to be state-led Chinese President Xi Jinping’s recent speech during the National Congress of the Communist Party of China shows that the nation could see more state-led developers in the real estate sector, according to economist Alicia Garcia-Herrero of Natixis. She said … Read more

Chinese chip stocks drop, Hang Seng down 2%

Australian dollar falls to its weakest since April 2020 The Australian dollar It weakened sharply in afternoon trading in Asia, falling to $0.6321, to levels not seen since April 2020. The currency may weaken further below $0.62 this week, according to Carol Kong, associate director for international economics and currency strategy at the Commonwealth Bank. … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more