Breaking News: Markets

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

Chinese indexes pop ahead of Covid briefing Indexes in China jumped more than 2% as investors closely watched for developments in the nation’s zero-Covid policy after seeing losses in the previous session. China’s CSI 300 index rose 2.97% in the morning session, while the Shanghai Composite climbed 2.2%. The Shenzhen Component Index gained 2.172%. Local …

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Stocks fall as Chinese Covid protests dampen market sentiment

Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains during the Thanksgiving holiday-shortened week. The Dow Jones Industrial Average fell 160 points, or 0.5%. The S&P 500 and Nasdaq Composite 0.6% and 0.4%, respectively. Over the weekend, demonstrations broke out …

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Hong Kong stocks fall 2% on China unrest, oil drops to lowest in 2022

China’s reserve requirement cut won’t make a big difference with Covid rules still in place, analyst says China’s latest move to cut the reserve requirement ratio for banks by 25 basis points won’t have much significance on its economy without a drastic shift from its stringent Covid restrictions, according to Economist Corporate Network. “Consumer and …

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Stocks making the biggest moves premarket: Activision, Tesla, Manchester United

Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft‘s $69 billion purchase from the videogame publisher. Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available …

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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 fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM …

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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 the cash salaries of its senior management team by up to 20%, effective …

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Asia-Pacific markets trade lower; China keeps LPR steady

Japan trading houses rise as Berkshire Hathaway reportedly boosts stake Shares of some Japanese trading houses rose early in the Asia session, despite retreats in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted its stake in the firms, according to individual regulatory filings. Berkshire raised its stake by more than 1 percentage point …

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