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Saturday, March 06, 2021

Airbnb reports huge loss in first time out as public company

February 26, 2021 12:19:22 pm

In results released Thursday — Airbnb's first as a publicly traded entity — the company took a charge of $2.8 billion for stock compensation related to the IPO. A year earlier, Airbnb lost $352 million.

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Elon Musk loses $15 billion in a day after Bitcoin warning

February 23, 2021 12:54:08 pm

Musk drops to second on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4 billion -- down from a peak of $210 billion in January. Amazon.com Inc. founder Jeff Bezos reclaimed the top spot even as his fortune fell by $3.7 billion to $186.3 billion Monday.

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Global shares hit new peak, oil up on Middle East tensions

February 15, 2021 2:51:12 pm

World market: With China and Hong Kong markets closed for the Lunar New Year holiday, Japan's Nikkei led the way, climbing 1.9% to reclaim the 30,000-point level for the first time in more than three decades.

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At 31, Bumble CEO Whitney Wolfe Herd becomes a rare female billionaire

February 12, 2021 10:33:54 am

Shares of Bumble Inc, the owner of the dating app where women make the first move, soared 67% in its trading debut to $72 at 1:03 pm in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion.

Asia stocks hold at highs, sustained by bottomless stimulus

February 11, 2021 11:33:45 am

Asian markets today: MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1%, having already climbed for four sessions to be up over 10% so far this year. Japan's Nikkei was shut after ending at a 30-year peak on Wednesday, while Australia's main index held near an 11-month top.

Asian stocks higher after Wall Street rises to new record

February 9, 2021 11:18:45 am

The Shanghai Composite Index gained 0.7% to 3,558.63 and the Nikkei 225 in Tokyo rose 0.4% to 29,497.51. The Hang Seng in Hong Kong was off under 0.1% at 29,312.65. The Kospi in Seoul advanced 0.6% to 3,110.81 and Sydney's S&P-ASX 200 shed 0.5% to 6,846.00. New Zealand retreated while Singapore and Jakarta advanced.

Asian shares rise as optimism grows over global recovery

February 8, 2021 11:39:09 am

Japan's Nikkei 225 surged 2.1% in morning trading to 29,378.18. Australia's S&P/ASX 200 rose 0.8% to 6,897.80. South Korea's Kospi shed nearly 0.4% to 3,109.14. Hong Kong's Hang Seng jumped nearly 1.0% to 29,575.61, while the Shanghai Composite picked up 0.8% to 3,525.58.

Asian stocks ease on China liquidity worries, stimulus hopes lift US bond yields

February 4, 2021 11:50:06 am

MSCI's ex-Japan Asian-Pacific index fell 0.2% while Japan's Nikkei lost 0.4%, both snapping a three-day winning streak.

Asian stocks follow Wall Street up, silver eases off high

February 2, 2021 10:46:37 am

The Shanghai Composite Index rose 0.5% to 3,523.71 while the Nikkei 225 in Tokyo added 1% to 28,376.20. The Hang Seng in Hong Kong advanced 1.9% to 29,453.37.

Asian shares rise as US stimulus plans offset virus woes

January 25, 2021 10:08:42 am

Asian markets today: MSCI's broadest index of Asia-Pacific shares outside Japan rose slightly to 721.96 and just a short distance away from last week's record high of 727.31.

Ant Group’s valuation seen dropping to $108 billion on crackdown

January 22, 2021 11:36:17 am

Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Alipay service by half, according to senior analyst Francis Chan.

Asian markets step back from stimulus-driven record highs

January 22, 2021 10:05:27 am

MSCI's broadest gauge of Asia Pacific stocks outside of Japan was off 0.2% at 722.49 points, a whisker away from its all-time high of 727.31 touched on Thursday.

Asian stocks at record highs as Biden inauguration lifts stimulus hopes

January 21, 2021 10:54:37 am

MSCI's broadest index of Asia-Pacific shares outside Japan touched record highs and was last up 0.85%, with markets across the region posting gains.

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Wall St set to open near-record high as Biden takes office; Netflix soars

January 20, 2021 8:58:26 pm

Biden, due to take over as the 46th President of the United States just after noon (1700 GMT) on Wednesday, will waste little time trying to turn the page on the Trump era, advisers said, signing a raft of 15 executive actions on issues ranging from the pandemic to the economy to climate change.

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Japan shares fall on pandemic worries as rest of Asia rises

January 20, 2021 10:55:41 am

Asian markets today: Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's S&P/ASX 200 added 0.6% to 6,783.20, while South Korea's Kospi edged up 0.5% to 3,109.21. Hong Kong's Hang Seng added 0.9% to 29,921.79, while the Shanghai Composite rose nearly 0.4% to 3,579.93.

Asian shares look to China for recovery lead, earnings in focus

January 19, 2021 9:35:54 am

Asian stock markets: MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.98%, to be a whisker from record highs. Japan's Nikkei bounced 1.5%, recovering all the losses suffered on Monday when caution had dominated markets.

Samsung’s worst fall in 5 months pulls down KOSPI after group leader’s prison sentence

January 18, 2021 3:06:56 pm

Samsung Electronics plunged 3.4%, logging its sharpest fall in five months, leading losses, while other heavyweights such as LG Chem, Samsung BioLogics and Samsung SDI also slid 1.5%, 2% and 4.2%, respectively.

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Asian shares mostly lower, China gains on GDP rebound

January 18, 2021 10:28:32 am

Asian share market today: The Hang Seng in Hong Kong gained 0.5% to 28,712.79 while the Shanghai Composite index climbed 0.7% to 3,591.33. But gloom prevailed in other major regional markets. Tokyo's Nikkei 225 dropped 1.1% to 28,211.78 and the Kospi in South Korea lost 0.7% to 3,034.13.

How the global chip shortage is impacting Japan’s carmakers

January 15, 2021 2:44:01 pm

Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips used in those devices.

A year after COVID began, China’s economy is beating world

January 15, 2021 1:02:31 pm

Economists expect China’s GDP will expand 8.2% this year, continuing to outpace global peers including the US.

Asia shares edge higher as Biden unveils $1.9 trillion US stimulus plan

January 15, 2021 9:59:15 am

Asian markets today: MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% around midday in Asia, just off a record high. Hong Kong's Hang Seng added 0.32%, while Australia's ASX 200 rose 0.17%.

Bonds dip, Nikkei charges higher as stimulus hopes stoke gains

January 14, 2021 11:48:39 am

Global market update: Japan's Nikkei rose 1.4% to its highest point since August 1990. It is up more than 8% in three weeks. MSCI's broadest index of Asia-Pacific shares outside Japan was steady and just a whisker short of Monday's all-time high.

Asian stocks mixed after Wall Street rebounds from uncertainty

January 13, 2021 11:32:59 am

Tokyo, Australia and South Korea advanced while Shanghai was off by 0.1%. Hong Kong swung between gains and losses. On Wall Street, the benchmark S&P 500 index gained less than 0.1%, recovering from the previous day's decline.

Global stocks pause for breath as bond selloff extends

January 12, 2021 10:38:34 am

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3% after touching an all-time high on Monday, led by a 1.6% drop in South Korea as investors took some profit from a soaring Kospi.

Asia stocks near highs, yields up on US stimulus risk

January 11, 2021 10:55:17 am

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, having surged 5% last week to record highs. Japan's Nikkei was on holiday after closing at a 30-year high on Friday.

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