WORLD MARKET NEWS - Page 11

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

February 12, 2021 10:33 IST

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.

People wearing protective masks to help curb the spread of the coronavirus look at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Feb. 8, 2021, in Tokyo. (AP Photo/Eugene Hoshiko)

Asia stocks hold at highs, sustained by bottomless stimulus

February 11, 2021 11:33 IST

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 IST

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 IST

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.

FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. (REUTERS/Kim Kyung-Hoon/File Photo)

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

February 4, 2021 11:50 IST

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

A woman walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Feb. 2, 2021. Asian stocks followed Wall Street higher Tuesday after President Joe Biden invited Republicans to a meeting to discuss economic aid, while silver eased off an eight-year high.(AP Photo/Vincent Yu)

Asian stocks follow Wall Street up, silver eases off high

February 2, 2021 10:46 IST

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.

A pedestrian is reflected on an electronic stock board outside a securities firm in Tokyo, Japan, on Friday, Aug. 28, 2020. (Photographer: Soichiro Koriyama/Bloomberg)

Asian shares rise as US stimulus plans offset virus woes

January 25, 2021 10:08 IST

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.

The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. (Photographer: Qilai Shen/Bloomberg)

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

January 22, 2021 11:36 IST

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.

People walk by an electronic stock board of a securities firm in Tokyo, Monday, Dec. 21, 2020. (AP Photo/Koji Sasahara)

Asian markets step back from stimulus-driven record highs

January 22, 2021 10:05 IST

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.

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Nov. 11, 2020. (AP Photo/Koji Sasahara)

Asian stocks at record highs as Biden inauguration lifts stimulus hopes

January 21, 2021 10:54 IST

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 20:58 IST

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 IST

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.

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 6, 2021. (AP Photo/Koji Sasahara)

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

January 19, 2021 09:35 IST

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.

Jay Y. Lee, co-vice chairman of Samsung Electronics Co., left, wears a protective mask as he arrives at the Seoul High Court in Seoul, South Korea, on Monday, Jan. 18, 2021. (Photographer: SeongJoon Cho/Bloomberg)

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

January 18, 2021 15:06 IST

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.

Asian shares mostly lower, China gains on GDP rebound

January 18, 2021 10:28 IST

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.

Newly manufactured Honda Civic automobiles sit on a car transporter at the Honda Motor Co. auto plant in Swindon, UK, on Tuesday, Feb. 19, 2019. (Image source: Bloomberg)

How the global chip shortage is impacting Japan’s carmakersSubscriber Only

January 15, 2021 14:44 IST

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.

An employee wearing a protective mask works on a Lynk & Co. 05 crossover sport utility vehicle (SUV) in the paint shop at the Geely Automobile Holdings Ltd. plant in Ningbo, Zhejiang Province, China, on Tuesday, April 28, 2020. China's manufacturing purchasing managers' index (PMI) jumped to 52 in March, from an historic low of 35.7 in February as activity rebounded from disruptions caused by the coronavirus and containment measures. (Photographer: Qilai Shen/Bloomberg)

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

January 15, 2021 13:02 IST

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

A man walks past an electronic board showing Japan's Nikkei 225 index and currency exchange rate at a securities firm in Tokyo Friday, July 10, 2020. (AP Photo/Eugene Hoshiko)

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

January 15, 2021 09:59 IST

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 IST

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.

In this photo provided by the New York Stock Exchange, traders Edward MacCarthy, left, and Robert Charmak work on the trading floor, Tuesday, Jan. 12, 2021. (Colin Ziemer/New York Stock Exchange via AP)

Asian stocks mixed after Wall Street rebounds from uncertainty

January 13, 2021 11:32 IST

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 IST

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 IST

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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Elon Musk close to surpassing Jeff Bezos as world’s richest personSubscriber Only

January 7, 2021 11:34 IST

A 2.8% rally in the electric carmaker’s share price Wednesday boosted Musk to within $3 billion of Amazon.com Inc. founder Jeff Bezos, who currently occupies the top spot on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 7, 2021. Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the US Capitol. (AP Photo/Eugene Hoshiko)

Asian shares track Wall Street rally on hopes for stimulus

January 7, 2021 10:04 IST

Asian markets today: The Nikkei 225 index in Tokyo gained 1.8% to 27,532.74. South Korea's Kospi jumped 2.6% to 3,045.90 and the S&P/ASX 200 in Australia advanced 1.8% to 6,724.30. India's Sensex rose 0.6% and shares in most other markets were higher.

Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. (Photographer: Jiang Xin/VCG/Getty Images)

China’s bottled water king Zhong Shanshan is now richer than Warren BuffettSubscriber Only

January 6, 2021 12:34 IST

Zhong dethroned India’s Mukesh Ambani as Asia’s wealthiest person last week and is close to entering the rarefied realm of individuals worth more than $100 billion. Buffett is outside that group with an $86.2 billion fortune, but the Berkshire Hathway Inc. founder has given away more than $37 billion of stock since 2006.