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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Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla’s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the cryptocurrency …

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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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5 things to know before the stock market opens Tuesday, November 22

Trader on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. For the birds There are still two more trading days until Thanksgiving, but things are already slowing down on Wall Street. Stocks slid during a low-volume session Monday as investors …

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Bitcoin (BTC) hits 2-year low as FTX collapsed contagion fears linger

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | GettyImages Bitcoin on Tuesday hit a two-year low as the cryptocurrency market takes a bruising …

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