Asian markets sink on German inflation, British tax cuts

BEIJING — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. The Nikkei 225 NIK, -2.07% in Tokyo fell 1.8%. The Hang Seng HSI, -0.07% in Hong Kong was about flat while the Shanghai Composite Index SHCOMP, -0.21% … Read more

Asia-Pacific markets fall after S&P 500 closes at new low for the year; China factory data ahead – CNBC

Asia-Pacific markets fall after S&P 500 closes at new low for the year; China factory data aheadCNBC

Asian markets follow Wall Street higher after UK calms markets

BEIJING — Asian stock markets followed Wall Street higher Thursday after Britain’s central bank moved forcefully to stop a budding financial crisis. The Shanghai Composite Index SHCOMP, +0.27% rose 0.83 and the Nikkei 225 NIK, +0.73% in Tokyo gained 0.4%. The Hang Seng in Hong Kong HSI, +1.14% jumped 1%. The Kospi 180721, +1.19% in … Read more

Asia-Pacific markets open higher after Wall Street rebounds overnight

Two of Hong Kong’s largest IPOs for 2022 to debut on the stock market China Vanke’s subsidiary Onewo and EV maker Zhejiang Leapmotor Technology are set to start trading on the Hong Kong market. Both companies have each raised more than $700 million in initial public offerings that were undersubscribed by retail investors. Reuters reported … Read more

Asia-Pacific markets poised to open lower after S&P 500 hits new 2022 low – CNBC

Asia-Pacific markets poised to open lower after S&P 500 hits new 2022 lowCNBC

Asia-Pacific markets drop at open as negative sentiment remains – CNBC

Asia-Pacific markets drop at open as negative sentiment remainsCNBC

Asian markets slide for the third day in a row on global recession fears

BEIJING — Asian stocks fell for a third straight day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. The Shanghai Composite Index SHCOMP, -1.08% dropped 0.9% and Hong Kong’s Hang Seng HSI, -0.86% lost 0.7%. The Kospi 180721, -1.48% … Read more

Australia market set to fall on return to trade as investors weigh Fed hike – CNBC

Australia market set to fall on return to trade as investors weigh Fed hikeCNBC

Hong Kong stocks sink to lowest since December 2011 as rate increases dent market confidence, heighten recession worries

“We expect equity markets to continue to remain under pressure with tighter policy,” said Ray Sharma-Ong, investment director for multi-asset solutions at abrdn. “Higher restrictive rates, slows demand and results in demand destruction, causing corporate earnings growth to decline.” The Fed raised its target interest-rate range to between 3 and 3.25 per cent late Wednesday, … Read more

Fed hike, Bank of Japan, interest rates, currencies

The Tokyo Stock Exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images “The FOMC is strongly resolved to bring inflation down to 2%, and we will keep at it until the job is done,” Fed Chairman Jerome Powell said in a news conference after the central bank meeting. Interest rates stand at 3%-3.25% after … Read more