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Trading in most other emerging Asian markets was thinned by holidays in China and Taiwan, and as investors awaited monetary policy meetings, including the U.S. Federal Reserve's, this week. The rupiah weakened 0.3% and was on track for its biggest one-day fall since May 20. Stocks in Jakarta inched up amid expectations that Bank Indonesia will keep interest rates at record lows on Thursday. "There appears to be limited scope for a hawkish surprise at this meeting," analysts at Barclays said in a note. Malaysia's ringgit and Thailand's baht, both about 0.2% lower on the day, have risen for the last three weeks.
Persons: S.Korea's, Shashwat Awasthi, Malaysia's, Shashwat, Shailesh Kuber Organizations: U.S, Bank Indonesia, Generale, Barclays, UST, Treasury, Bank of Japan, FTSE, Hartalega Holdings, FX Locations: China, Taiwan, U.S . Federal, Stocks, Jakarta inched, Indonesia, Thailand, Vietnam, FTSE Bursa Malaysia, Asia, Japan, India, Malaysia, Philippines, Singapore, Bengaluru
Stocks in Jakarta traded flat by 0412 GMT as dealers also looked ahead to Thursday's monetary policy meeting, where Bank Indonesia is expected to leave rates at record lows. Malaysia's ringgit and Thailand's baht inched about 0.2% lower as overall trading was thinned by holidays in China and Taiwan and investors awaited monetary policy meetings. Investors are also eyeing the meeting to see whether the Fed could signal it is moving away from ultra-loose monetary policy earlier than expected. "Fundamentals and flows would remain supportive of Asia FX and we see modest room for a further gain vs USD," ANZ Research analysts said. Taiwan's central bank also holds a monetary policy meeting on Thursday, while the Bank of Japan will announce its rate decision on Friday.
Persons: S.Korea's, Shashwat Awasthi, Shashwat, Ana Nicolaci da Organizations: Reserve, Sunday, Bank Indonesia, Federal, Barclays, U.S, Treasury, Philippine bourse, Asia FX, ANZ Research, Bank of Japan, FTSE, Hartalega Holdings, FX Locations: China, Taiwan, Indonesia, Stocks, Jakarta, U.S, Thailand, Vietnam, Asia, FTSE Bursa Malaysia, Japan, India, Malaysia, Philippines, Singapore, Bengaluru, Ana Nicolaci da Costa
Oil prices climb as demand outlook improves, supplies tighten
  + stars: | 2021-06-14 | by ( Aaron Sheldrick | ) sentiment -0.96   time to read: +2 min
The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. U.S. West Texas Intermediate gained 47 cents, or 0.7%, to $71.38 a barrel, the highest since October 2018. read moreThe OPEC+ group has been restraining production to support prices after the pandemic wiped out demand in 2020, maintaining strong compliance with agreed targets in May. read more"OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the IEA said. It was the biggest weekly increase of oil rigs in a month, as drilling companies sought to benefit from rising demand.
Persons: Alexey Malgavko, Brent, Avtar Sandu, Goldman Sachs, Baker Hughes Organizations: REUTERS, . West Texas Intermediate, Phillip Futures, of, Petroleum, International Energy Agency, Thomson Locations: Omsk, Russia, North America, Europe, India, Singapore, OPEC
Asia-Pacific stocks mixed; bitcoin surges following Musk comments
  + stars: | 2021-06-14 | by ( Eustance Huang | ) sentiment -1.00   time to read: +1 min
SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade, with multiple major markets in the region closed for holidays. Official data released Monday showed Japan's seasonally adjusted index for production rising 2.9% in April from the previous month. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.17% lower. In the cryptocurrency space, bitcoin jumped to trade at $39,292.37 as of 12:48 a.m. Those gains came after Tesla CEO Elon Musk said the electric vehicle maker will resume bitcoin transactions once it confirms " reasonable (~50%) clean energy usage by miners with positive future trend."
Persons: Korea's Kospi, bitcoin, Elon Musk Organizations: Nikkei, Singapore's Straits, BSE, Japan, Tesla Locations: SINGAPORE, Asia, Pacific, Japan, Southeast Asia, India, Coindesk, Australia, China, Hong Kong
Southeast Asia is less vulnerable to a taper tantrum now vs. 2013, says UBS economist
  + stars: | 2021-06-14 | by ( ) sentiment -0.63   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoutheast Asia is less vulnerable to a taper tantrum now vs. 2013, says UBS economistEdward Teather of UBS Investment Bank says strong exports are helping "open" economies in Southeast Asia such as Singapore, Thailand and Malaysia.
Persons: Edward Teather Organizations: UBS, UBS Investment Bank Locations: Asia, Southeast Asia, Singapore, Thailand, Malaysia
U.S. data firm Equinix clinches new JV deals with Singapore's GIC
  + stars: | 2021-06-14 | by ( ) sentiment -0.60   time to read: +1 min
Lights illuminate rack servers inside the data center of Equinix in Pantin, outside Paris, France, December 7, 2016. REUTERS/Benoit TessierU.S.-based data centre firm Equinix Inc (EQIX.O) on Monday said it had signed agreements for additional joint ventures with Singapore's sovereign wealth fund GIC (GIC.UL) to add $3.9 billion to expand a data centre programme. The joint venture projects are expected to close during the course of 2021. GIC will own an 80% equity interest in the future joint ventures and Equinix will own the remaining 20% equity interest, the statement added. Last year in April, Equinix signed a joint venture worth more than $1 billion with GIC to build three data centres in Japan for the cloud computing market.
Persons: Benoit Tessier, Equinix, GIC Organizations: REUTERS, Equinix Inc, Thomson Locations: Pantin, Paris, France, Japan
United States President Joe Biden's plan to unite Washington's closest allies and take on China just scored a big political win. The G7 confronted China on just about every sore spot, from allegations of human rights abuses and forced labor in Xinjiang to ongoing political disputes over Hong Kong, Taiwan and the South China Sea. China still fired back against the statement, accusing the G7 of deliberately slandering China" and "arbitrarily interfering in China's internal affairs." Under Biden, the United States recently expanded a ban on American investment in dozens of Chinese firms. In his statement reported by Xinhua, the Chinese President said it was important to "maintain overall social stability and create a good atmosphere for the Party's centenary."
Persons: Joe Biden's, Washington's, Xi, Donald Trump, Trump, Angela Merkel, Emmanuel Macron, Yoshihide Suga, Queen Elizabeth II, Justin Trudeau, Mario Draghi, Joe Biden, Biden, China's mercantilist, Alex Capri, Hinrich, , Xi Jinping, Qu Yuan Organizations: CNN, US, United, Washington, Embassy, Canadian, Trump, Huawei, Hinrich Foundation, National University of Singapore, Mecrator Institute of China Studies, Eurasia Group, CNN . Rescue, Xinhua, Communist Locations: China, States, United Kingdom, Germany, France, Italy, Canada, Xinjiang, Hong Kong, Taiwan, South China, Taiwan Strait, London, Italian, St Austell , Cornwall, England, Beijing, Europe, United States, Britain, Asia, Korea, New Zealand, China's Hubei Province, China's Hubei, Zhangwan, Shiyan, Heilongjiang province, Shenzhen, Hubei, Tianjin
Southeast Asia banks 'well-positioned' on rising interest rates
  + stars: | 2021-06-14 | by ( ) + 0.89   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoutheast Asia banks currently 'well-positioned' as interest rates set to pick up: JP MorganHarsh Modi of JPMorgan says Singapore and Thailand banks are at the "top of the pecking order" to reap the benefits in a rising interest rate environment.
Persons: JP Morgan Harsh Modi Organizations: JPMorgan Locations: Asia, Singapore, Thailand
S.Korea eases COVID-19 restrictions on concerts, sports games
  + stars: | 2021-06-14 | by ( Sangmi Cha | ) + 0.00   time to read: +2 min
Women wearing masks to avoid contracting the coronavirus disease (COVID-19) take a walk at a park in Seoul, South Korea, June 1, 2021. REUTERS/Kim Hong-JiSouth Korea began easing restrictions on large concerts and sports events on Monday after announcing last week it would loosen a series of coronavirus curbs as the country pushes ahead with its vaccination drive. The government has also said it would loosen some quarantine restrictions for fully vaccinated overseas visitors. South Korea has given a first dose to over 11.8 million people or 23% of the country's population, the Korea Disease Control and Prevention Agency (KDCA) director Jeong Eun-kyeong told a briefing. Japan started vaccinating its population in February like South Korea.
Persons: Kim Hong, Jeong Eun, kyeong, Jeong Organizations: REUTERS, Korea Association of Travel Agents, Reuters, Korea Disease Control, Prevention Agency, Thomson Locations: Seoul, South Korea, Ji South Korea, Korean, Singapore, Thailand, Korea, Japan
The Chinese military has deployed extra surveillance forces in the air and waters near a disputed South China Sea archipelago as tensions rise between Beijing and its Southeast Asia neighbours. "Recently there's been an uptick in foreign military activities, especially naval movements by US and allied forces, in the South China Sea. The United States conducted 72 reconnaissance flights over the South China Sea in May, up from 65 in April, according to the Beijing-based South China Sea Strategic Situation Probing Initiative, which monitors military activity in the region. Beijing claims almost all of the South China Sea, but there are overlapping claims with the Philippines, Vietnam, Malaysia, Brunei and Taiwan, leading to confrontations over the disputed waters. Wang also told the assembled foreign ministers that China would push forward discussions for a code of conduct in the South China Sea.
Persons: Collin Koh, there's, Arleigh Burke, Curtis Wilbur, Wang Yi, Wang Organizations: Rajaratnam, of International Studies, Nanyang Technological University, United, Pentagon, Manila, Beijing, Association of Southeast Asian Nations, Foreign, Asean Locations: China, Beijing, Asia, Spratly, Singapore, South China, United States, South, Taiwan Strait, Zhuhai, Philippines, Vietnam, Malaysia, Brunei, Taiwan
But a closer look reveals NFTs are no more than a pump-and-dump scheme designed to make a few crypto insiders rich. Beeple NFTs were being pumped by crypto bros months beforehand, only to culminate in a large sale that brought a media storm to NFTs and the world's attention to a graphic artist who few people previously had ever heard of. The Singapore native had been anonymously bidding up the price of Beeple NFTs starting in October. And he gave 2% of the B20 token supply — an index fund representing the value of those NFTs — back to Beeple. Similarly, buyers of NFTs will be left holding the bag, when people realize what people were convinced were collectibles, are better off being disposables.
Persons: doesn't, Christie's, Mike Winkelmann, Beeple NFTs, Jorge Stolfi, NFTs, Ivor Downie, Stolfi, , Vignesh Sundaresan —, Justin Sun, Metakovan, he'd, Beeple, Beeple —, Trump, Guy Fawkes, Pablo Rodriguez, Rodriguez, Fraile, Nifty, I've, Will Cong, It's, you've Organizations: University of Campinas, International Star Registry, Cornell University Locations: Brazil, Singapore, American, Will, Beeple
According to Siu, concern about anti-Asian hate didn’t become mainstream until late last year or the beginning of this year, and many Asian Americans decided to move last summer. Some Asian Americans have opted to continue work or study at U.S.-based companies and universities, despite the 13- to 16-hour time difference. hile some moved abroad during the pandemic, Siu said only a fraction of the Asian American community is able to do so. t wasn’t every Asian American who can have access to that kind of mobility,” she said. She chose Nepal, where she’s been working remotely ever since, and her time there has changed her perspective on happiness and her Asian American identity.
Persons: Donald Trump, “ I’ve, ” KEFF, don’t, , Lok Siu, Siu, didn’t, Clara Park, , she’s reconsidering, Noniko Hsu, Hsu, Melody Chen, Melody Chen “, ” Chen, Anabelle, ” Pan, she’s, nny Huang, Tetching, hich, Wewdon't, Helen Li, ” Li, Li, Wen Liu Organizations: NBC Asian, Cannes Film, U.S, University of California, Yale University, ", “ Times, University of Michigan, Locations: United States, Taiwanese American, Taiwan, NBC Asian America, Taipei, , Asia, Berkeley, South Korea, Korea, Thailand, Kaohsiung, Singapore, U.S, American, transnationals, York, Nepal, New York
But the opposite isn't true: Even if the virus didn't undergo any laboratory manipulation, that wouldn't rule out a lab escape. However, the people who do think the coronavirus might have been engineered focus on a few particular areas of its genome. One of those labs, he said, is the Wuhan Institute of Virology (WIV), where researchers studied bat coronaviruses before the pandemic. Accidents do happenAn aerial view of the campus of the Wuhan Institute of Virology in China's Hubei province on May 27, 2020. Guards stand outside the Wuhan Institute of Virology on February 3, 2021.
Persons: Joe Biden, Dr, Francis Collins, Saul Loeb, Steven Quay, what's, David Baltimore, Nicholas Wade, Wade, Xia Junjun, Robert Redfield, Redfield, John Doench, Anthony Fauci, it's, That's, Fauci, Doench, we're, Hector Retamal, Peter Ben Embarek, Ben Embarek Organizations: National Institutes of Health, Atossa Therapeutics Inc, Street Journal, Wuhan Institute of Virology, Blue Sky, Theatre, Getty, CNN, Broad Institute of MIT, Harvard, National Institute of Allergy, State Department, Wall Street, World Health Organization, WHO, Wuhan Institute, Virology, Department Locations: Wuhan, China, Baltimore, China's Hubei, AFP, Taiwan, Singapore, Beijing
The 10-year yield, which falls when prices rise, was down about a basis point at 1.4502% on Friday after touching as low as 1.428% earlier in the session, its lowest since early March. At that point, the yield had fallen roughly 13 basis points for the week so far, the steepest weekly drop since last June. "Traders have been holding on to old, stale positions and the market needs news to endorse those positions. Short positions in Treasuries had hit their highest since 2018, according to JP Morgan positioning data last week. The gap between 5-year notes and 30-year bonds was at 142 basis points, less than a basis point higher than Thursday's close.
Persons: Ross Kerber, Tom Westbrook, Priya Misra, Imre Speizer, Ana Nicolaci da Costa, Nick Zieminski Organizations: Treasury, Traders, Securities, Global, Westpac, Morgan Locations: 1yr, Tom Westbrook BOSTON, SINGAPORE, New Zealand, Treasuries, New York, Boston, Singapore
Cruise lines say no change on sailing plans after new COVID-19 cases
  + stars: | 2021-06-11 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
FILE PHOTO: Royal Caribbean's Quantum of the Seas cruise ship docks at Marina Bay Cruise Center after a passenger tested positive for coronavirus disease (COVID-19) during a cruise to nowhere, in Singapore, December 9, 2020. REUTERS/Edgar Su//File Photo(Reuters) - Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19. Shares in Royal Caribbean, Carnival Corp and Norwegian Cruise Line Holdings Ltd fell between 1% and 2% in response to the report of the positive tests. Celebrity Millennium said in a statement late on Thursday that the individuals were asymptomatic, in isolation and being monitored by medics. All guests on Celebrity Millennium were required to show proof of vaccination as well as a negative COVID-19 test before sailing from St. Maarten this past Saturday.
Persons: Edgar Su, Maarten, Stewart Chiron Organizations: Marina Bay Cruise, REUTERS, Royal Caribbean Group, Carnival Corp, Royal, Cruise Line Holdings, Reuters Locations: Marina, Singapore, Royal Caribbean, St, North America, U.S
Royal Caribbean's Celebrity Cruises says no changes to summer sailing plans
  + stars: | 2021-06-11 | by ( ) sentiment -0.98   time to read: 1 min
Royal Caribbean's Quantum of the Seas is moored at the Marina Bay Cruise Centre after a passenger was tested positive onboard for the coronavirus disease (COVID-19), in Singapore December 9, 2020. Picture taken December 9, 2020. REUTERS/Edgar SuRoyal Caribbean Group's (RCL.N) Celebrity Cruises said on Friday there would be no changes to its summer sailing schedule, a day after two people onboard its Millennium ship tested positive for COVID-19. Our Standards: The Thomson Reuters Trust Principles.
Persons: Edgar Su, Cruises Organizations: Bay Cruise, REUTERS, Thomson Locations: Singapore, Edgar Su Royal Caribbean
South Korea's won and Thailand's baht gained around 0.5% as the dollar nursed small losses following the report. U.S. Treasury yields fell to lows not seen since early March at one point in Asian trade, with traders saying short-covering was driving the rally. Asia's emerging market currencies and bonds, though considered riskier, traditionally yield more than their peers in developed markets. Stocks markets in the region also largely gained, with South Korea leading the way with a 0.8% rise, while Thailand , the Philippines and others rose no more than half a percent. Although bets on the reopening was largely factored in, analysts say the bank-and-landlord-heavy Singapore benchmark has further room to rise.
Persons: Nikhil Nainan, South Korea's, Carmen Lee, Nikhil Kurian, Chen Lin, Kenneth Maxwell, Sriraj Organizations: Bank, South, Traders, Federal Reserve, Treasury, OCBC Bank, Stocks Locations: Bank Indonesia, Asia, Indonesia, Taiwan, Japan, South Korea, Thailand, Philippines, Thai, Singapore, China, India, Malaysia, Bengaluru
The overnight data showed U.S. consumer prices up 5% year-on-year, the sharpest rise in 12-years. U.S. Treasury yields fell to lows not seen since early March, with traders saying short-covering was driving the rally. Asia's emerging market currencies and bonds traditionally yield more than their peers in developed markets, though are considered riskier. Stocks markets in the region also largely gained, with South Korea and Thailand leading the way with a rise of half a percent. With U.S. inflation data out of the way, eyes will now turn to the Fed's policy meeting next week, which will happen alongside local meetings by Indonesia, Taiwan and Japan.
Persons: Nikhil Nainan, Korea's, Carmen Lee, Lee, Nikhil Kurian, Chen Lin, Kenneth Maxwell Organizations: Bank, Federal Reserve, U.S, Treasury, OCBC Bank, Stocks, South, Analysts, OCBC Investment Research Locations: Indonesia, Bank Indonesia, Asia, South Korea, Thailand, Thai, Singapore, Taiwan, Japan, China, India, Malaysia, Philippines, Bengaluru
Two passengers sharing a room on a Caribbean cruise ship tested positive this week for Covid-19, triggering safety precautions that enabled some 600 other passengers to continue eating and gambling on the ship. The passengers who tested positive are asymptomatic and are in isolation, the cruise line said. At the same time, cruise lines have said the detection of positive cases onboard indicates that their health and safety protocols are working. John Roberts, a travel writer, said passengers around him have generally reacted calmly since the captain announced the positive cases. “It suggests, at least, that the amount of virus circulating in their bodies is low enough not to create severe symptoms,” Dr. Pereira said of the two passengers who tested positive.
Persons: Maarten, , Jonathon Fishman, John Roberts, ” Mr, Roberts, Marcus Pereira, Dr, Pereira, Fishman, Frank Del Rio, Dave Sebastian Organizations: Covid, U.S . Centers for Disease Control, Royal Caribbean Group, Royal, Passengers, , Columbia University Vagelos College of Physicians and Surgeons, CDC, Carnival Corp, Norwegian Cruise Line Holdings, U.S, The Locations: Caribbean, U.S, St, North America, Royal Caribbean, Japan, Covid, Singapore, Norwegian, The U.S, Florida, Alaska, Maarten, dave.sebastian
Asia stocks up, U.S. bond yields down as inflation fears ease
  + stars: | 2021-06-11 | by ( Andrew Galbraith | ) + 0.00   time to read: +4 min
SHANGHAI (Reuters) - U.S. bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived. Data overnight showed the U.S. consumer price index posted its biggest year-on-year increase since August 2008 at 5%, following a 4.2% rise in April. “But the Fed, which meets next week, can still point to no deviation of inflation expectations to back up its continued mantra of transitory inflation. The 10-year U.S. Treasury note’s yield dipped to a three-month low of 1.4340%, down from Thursday’s close of 1.459%. Hopes for stronger economic demand following the U.S. unemployment claims report lifted oil prices to two-year highs on Thursday.
Persons: Kim Kyung, DAX, , Rob Carnell, Seoul’s, Larry Hu Organizations: REUTERS, Federal, European Central Bank, . Labor Department, Japan’s Nikkei, ING, Macquarie, Dow Jones, Nasdaq, Treasury, Brent, U.S . West Texas Locations: SHANGHAI, Tokyo, Japan, U.S, Asia, Pacific, Singapore, China, Hong Kong, Thursday’s
In morning trade in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.18%. “But the Fed, which meets next week, can still point to no deviation of inflation expectations to back up its continued mantra of transitory inflation. “Because of very strong external demand the negative impact from credit deceleration should be OK in the next three to six months, mainly thanks to the strong demand from the U.S.,” said Larry Hu, economist at Macquarie in Hong Kong. The spread between the 2-year and 10-year yield also hit its narrowest level since late February, as inflation expectations eased. Hopes for strong economic demand following the U.S. unemployment claims report lifted oil prices to two-year highs on Thursday.
Persons: , Rob Carnell, Seoul’s Kospi, Larry Hu Organizations: Nikkei, . Labor Department, Japan, Japan’s Nikkei, ING, Macquarie, Dow Jones, Nasdaq, Treasury, Brent, U.S . West Texas Locations: Asia, Japan, SHANGHAI, Pacific, Singapore, China, U.S, Hong Kong, Thursday’s
BlackRock Gets Green Light to Start Offering Mutual Funds in China
  + stars: | 2021-06-11 | by ( Quentin Webb | ) + 0.00   time to read: +2 min
BlackRock, the world’s largest money manager with $9 trillion in assets under management as of end-March, has made expansion in China a priority. It secured a nod from the China Securities Regulatory Commission last August to establish the mutual-fund business, which is now permitted to begin selling funds. “We look forward to sharing our global investment expertise and offering more differentiated investment solutions to Chinese investors,” BlackRock Chairman and Chief Executive Larry Fink said in a statement Friday. BlackRock’s Shanghai-based unit, BlackRock Fund Management Co., now has six months to launch its maiden fund for individual investors, a spokeswoman said. This and future funds are likely to be sold through traditional mutual-fund distribution channels in China, which include banks and brokerages, she added.
Persons: Larry Fink, Rachel Lord, BlackRock’s, , , Goldman Sachs, Dawn Lim, Quentin Webb Organizations: BlackRock Inc, New, JPMorgan Chase &, Goldman Sachs, Inc, BlackRock, China Securities Regulatory, ” BlackRock, Fidelity International, JPMorgan, BlackRock’s, BlackRock Fund Management Co, Asia, China Construction Bank, Temasek . Wealth, Industrial, Commercial Bank of China Ltd Locations: New York, China, Washington, Beijing, U.S, BlackRock’s Shanghai, BlackRock, Asia Pacific, Singapore
Four Toshiba directors call for board and management shake-up
  + stars: | 2021-06-11 | by ( Makiko Yamazaki | ) + 0.00   time to read: +3 min
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File photoFour of Toshiba Corp’s (6502.T) independent directors called on Friday for a shake-up of the Japanese conglomerate’s management and board, accusing them of “unacceptable” actions directly against the interests of shareholders. The public criticism is the clearest sign yet of the fallout from the shareholder-commissioned report released on Thursday, which has put Toshiba's management and Japan's powerful trade ministry under scrutiny and renewed concerns about governance. Earlier on Friday, U.S. proxy advisory firm Glass Lewis urged shareholders at this year's AGM to vote against the re-appointment of Toshiba board chairman Osamu Nagayama and four others nominated by the company for the 13-member board. The independent investigation found Toshiba had devised a plan to exert undue influence on Singapore-based Effissimo Capital Management, Toshiba's top shareholder, to withdraw its proposed board nominees.
Persons: Kim Kyung, Toshiba Corp’s, Jerome Black, Paul Brough, Ayako Weissman, George Zage, Glass Lewis, Osamu Nagayama, Hiroshi Kajiyama Organizations: Toshiba Corp, REUTERS, Toshiba, Effissimo Capital Management, Harvard, Ministry, Thomson Locations: Kawasaki, Japan, Singapore
Asia-Pacific stocks mixed as S&P 500 sails to record close on Wall Street
  + stars: | 2021-06-11 | by ( Eustance Huang | ) sentiment -0.99   time to read: 1 min
SINGAPORE — Shares in Asia-Pacific were mixed in Friday afternoon trade, following gains overnight on Wall Street that saw the S&P 500 sailing to a record closing high. Stocks in Japan were little changed as the Nikkei 225 hovered above the flatline while the Topix sat about 0.1% lower. Mainland Chinese stocks declined as the Shanghai composite fell 0.25% while the Shenzhen component slipped 0.515%. Hong Kong's Hang Seng index advanced 0.39%. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.35%.
Organizations: Stocks, Nikkei Locations: SINGAPORE, Asia, Pacific, Japan, South Korea, Shanghai, Shenzhen, Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Singapore on how the company is empowering women in technologyBank of Singapore's Celine Le Cotonnec tells CNBC's Rosanna Lockwood about her efforts to welcome more women into the technology and data industries and the importance of workforce diversity.
Persons: Singapore's Celine Le Cotonnec, CNBC's Rosanna Lockwood Organizations: Email Bank of Singapore, Bank, Singapore's
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