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☆ CNBC Daily Open: U.S. consumers stay bullish on the economy
▼ + stars: | 2024-02-20 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alibaba's overseas betChinese e-commerce giant Alibaba Group is placing its bets on overseas businesses as domestic growth remains weak. The company's latest earnings showed its international e-commerce business unit was a bright spot, with revenue up 44% from a year ago. [PRO] UBS picks 'hidden gems'Small-and medium-sized stocks are often overlooked but "have the charm of being hidden gems," according to UBS.

Persons: Hong Organizations: CNBC, People's Bank of China, CSI, Nasdaq, Dow Jones, Home Depot, Walmart, Alibaba, Citi, Discover Financial Services, UBS Locations: Chicago, China, Asia, U.S, Europe

☆ Starbucks releases pork flavored coffee in China for Lunar New Year
▼ + stars: | 2024-02-20 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Who doesn’t like a little braised pork with their coffee? Starbucks (SBUX) is betting on that unusual combination with a new drink released in China to mark the Lunar New Year. The drink combines Dongpo Braised Pork Flavor Sauce with espresso and steamed milk, with extra pork sauce and pork breast meat for garnish, according to the Starbucks delivery app. And while the foods served at New Year feasts vary by region, braised pork makes a frequent appearance. The Starbucks pork latte has quickly gained traction on Chinese social media, with the topic viewed more than 476,000 times on Weibo by the time of publishing.

Persons: Savory Latte, Su Dongpo, it’s, “, ” Organizations: Hong Kong CNN, Shanghai Starbucks Reserve, Starbucks Reserve, United, Starbucks, Luckin, Shanghai, Weibo Locations: China, Hong Kong, Weibo, Asia, People, United States, Wuhan

☆ Reduce risk of IBS with a healthy lifestyle, a new study suggests
▼ + stars: | 2024-02-20 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —Adopting a healthy lifestyle could reduce the risk of irritable bowel syndrome, or IBS, a new study found. A research team in Hong Kong found the more healthy lifestyle behaviors that study participants followed, the higher the protection was against the occurrence of IBS. The cause of the disorder is not fully understood, but a healthy lifestyle could prevent it, researchers say. “Evidence from this large cohort suggests that life-style choices play a key role in IBS development.”Stress reductionThe study did not include the reduction of stress as part of the lifestyle behaviors observed. The study found that maintaining healthy lifestyle factors is important, Heitkemper said.

Persons: Kseniya, ”, Vincent Chi, Chung, “, ” Chung, Beverley Greenwood, Van Meerveld, Margaret Heitkemper, ” Heitkemper, Heitkemper, ” Greenwood Organizations: CNN, Mayo Clinic, Getty, Chinese University of Hong, Jockey Club School of Public Health, “ Research, University of Oklahoma Health Sciences Center, University of Washington’s, gastroenterology Locations: midlife, Hong Kong

☆ I visited an airport lounge for the first time and 6 things surprised me, from free facials to private suites
▼ + stars: | 2024-02-20 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I visited an airport lounge for the first time and was surprised by its luxury offerings. The Chase Sapphire Lounge at LaGuardia Airport opened last month, and I got an exclusive tour. Once inside the two-story lounge, I didn't even feel like I was in an airport anymore. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But going to the airport doesn't have to be this way, as I learned last month when I visited an airport lounge for the first time — the Chase Sapphire Lounge at NYC's LaGuardia Airport (LGA).

Persons: Chase, —, John F, Banks, cardholders Organizations: LaGuardia Airport, Service, LaGuardia, John, Kennedy International Airport Locations: Boston , Hong Kong, NYC

☆ LPR: China makes biggest-ever cut to key mortgage rate to support housing market
▼ + stars: | 2024-02-20 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis. The People’s Bank of China (PBOC) announced Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2% to 3.95%, while keeping the one-year LPR unchanged at 3.45%. The 25 basis point cut to the five-year LPR is the biggest reduction the central bank has made since it revamped its LPR system in 2019. The latest cut was also the first reduction to the five-year LPR since June 2023. “Today’s 25 (basis point) cut to the five-year LPR is clearly aimed at supporting the housing market,” analysts from Capital Economics said in a note on Tuesday.

Persons: “, ” Organizations: Hong Kong CNN, People’s Bank of China, Capital Economics, Zhongrong Trust, State Administration of Foreign Exchange Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen

BANGKOK (AP) — Shares were mostly higher in Asia after Chinese markets reopened Monday from a long Lunar New Year holiday. Markets will be closed Monday in the United States for President's Day. Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.1% higher to 7,665.10 and the Kospi in Seoul picked up 1.2%, to 2,680.26. It also discouraged bets that a Fed move to relax conditions on the economy and financial markets could come even in May. Higher rates and yields make borrowing more expensive, slowing the economy and hurting prices for investments.

Persons: Hang Seng, Australia's Organizations: President's, Ocean, China Vanke, Dow Jones, Nasdaq, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, United States, China, Shanghai, Seoul, India

☆ Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
▼ + stars: | 2024-02-19 | by ( Laura He | Marc Stewart | ) edition.cnn.com time to read: +6 min

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as consumer confidence remains weak amid deflationary pressure. However, the most recent holiday season took place over eight days from February 10 to February 18, which was one day more than previous periods. On average, 59.25 million domestic trips per day were made during this holiday period, slightly lower than the 59.29 million trips per day taken in 2019. Movie ticket sales reached a record 8 billion yuan ($1.11 billion) during the eight-day holiday season, according to data released on Sunday by China Film Administration. “The headwinds to growth remain severe and it will take more than a bump in holiday travel for market sentiment to recover,” said Neumann.

Persons: ” Nomura, ”, Frederic Neumann, Neumann, “ Organizations: Beijing CNN, CNN, Ministry of Culture, Tourism, Hangzhou East Railway, National Immigration Administration, China Film Administration, HSBC, China Index Holdings, Shenzhen Component Locations: China, Hong Kong, Beijing, Hangzhou, China's Zhejiang province, Macao, Asia, Shanghai, Shenzhen

☆ European markets head for negative start to the new trading week
▼ + stars: | 2024-02-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are set to start the new trading week on a negative note, changing course after largely positive sentiment last week. In Asia-Pacific overnight, stock markets in China rose as traders returned from the Lunar New Year holidays on Monday to upbeat travel data, while Hong Kong stocks fell. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassessed when the U.S. Federal Reserve might start easing its monetary policy this year. U.S. markets are closed Monday for Presidents Day.

Organizations: People's Bank of China, Sunday, U.S . Federal Locations: Asia, Pacific, China, Hong Kong

☆ China ramps up patrols near Taiwan’s outlying islands following death of Chinese fishermen
▼ + stars: | 2024-02-19 | by ( Nectar Gan | Wayne Chang | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China is increasing patrols in waters near a group of frontline islands controlled by Taiwan, as tensions rise after two Chinese fishermen drowned during a pursuit by Taiwan’s coast guard who accused them of trespassing. The patrols are likely to put Chinese coast guard vessels in closer proximity to their Taiwanese counterparts, potentially raising the risk of miscalculation and conflict. Two survived after being rescued by Taiwan’s coast guard, while the other two were found unconscious and confirmed dead after being taken to the hospital in Kinmen. Taiwan's coast guard inspects a vessel that capsized during a chase off the coast of the Kinmen islands on February 14, 2024. Over the past three years, 20 people from mainland China have been rescued by Taiwan’s coast guard, according to Kuan.

Persons: Gan Yu, Taiwan’s, “, ” Kuan Organizations: Hong Kong CNN, Sunday, Democratic Progressive Party, China’s Taiwan Affairs, Taiwan Coast Guard Administration, Chinese Communist Party, Taiwan, China’s Taiwan Affairs Office, “ Fishermen, Mainland Affairs, Ocean Affairs Council, Kuomintang Locations: Hong Kong, China, Taiwan, Fujian, Xiamen, Taiwan’s, Kinmen, Beijing, Taiwan's, “, Kuan, Taipei

On February 4, Messi’s absence from the match between Inter Miami and the Hong Kong XI team sparked significant backlash. Many on Weibo questioned how the star was able to make such a quick recovery three days after the Hong Kong game. Others lashed out against what they saw as disrespect for Hong Kong – and China. In Monday’s video, Messi denied that his absence was due to political reasons and reiterated that he was unable to make the game because of an inflamed adductor that had worsened the day before the game in Hong Kong. “I’ve had a very close and special relationship with China and I’ve done a lot of things in China,” Messi said in the video.

Persons: Lionel Messi, Messi, Weibo, “ I’ve, ” Messi, “, Hong Kong, XFEST, CNN’s Simone McCarthy, Chris Lau Organizations: CNN, Inter Miami, Hong Kong XI, Argentina’s, Vissel, Weibo Locations: Hong Kong, Weibo, Vissel Kobe, Tokyo, China, China’s Sichuan, Beijing

☆ CNBC Daily Open: Is progress on inflation stalling?
▼ + stars: | 2024-02-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China stocks riseAsia markets were mixed Monday as Chinese stocks climbed on the back of positive travel data, while Hong Kong stocks dropped. The CSI 300 gained as trading resumed after the Lunar New Year holidays and the Hang Seng index fell. [PRO] Bullish on equitiesMorgan Stanley has a positive outlook on equity markets despite some concerns over valuations.

Persons: Max, Morgan Stanley, Andrew Slimmon Organizations: CNBC, CSI, Dow, Nasdaq, U.S . Federal, Korean, Boeing, Airbus, Sony, PlayStation Locations: China, Asia, Hong Kong, U.S, Singapore

☆ China markets rise as upbeat holiday travel data boosts tourism stocks; Hong Kong shares fall
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell. The CSI 300 added 0.3% as trading resumed following the Lunar New Year holidays that saw consumer spending jump higher than pre-Covid levels, according to official data. Tourism stocks led the gains, jumping 2% shortly after the open. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassess when the U.S. Federal Reserve might start easing its monetary policy this year. China's central bank said it was holding the rate unchanged at 2.5% on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility.

Persons: Wang Yi, Antony Blinken Organizations: CSI, People's Bank of China, Sunday, U.S . Federal, China's, U.S Locations: China, Hong Kong, China's, United States, Beijing, Washington

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

☆ Europe is nervous about a potential Trump win. China sees an opportunity
▼ + stars: | 2024-02-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.

Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, “, ”, Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, –, Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, ‘, Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, ”, Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, “, White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, ”, China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York

☆ A broke Chinese real estate developer left Los Angeles with empty, graffiti-covered towers and a billion-dollar bill
▼ + stars: | 2024-02-18 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +3 min

A Chinese firm started to build a massive tower plaza in Los Angeles but ran out of funds in 2019. The Oceanwide Plaza towers are now mainly used by graffiti artists and base jumpers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The nearly $4 million sum is just the beginning of a massive financial undertaking in the city, Fortune reported City Councilman Kevin de León said in recent council meetings.

Persons: —, Kevin de León, Fortune, De León, Mario Tama, Karen Bass, Donald Spivack Organizations: LA's, Service, Angeles City Council, China Oceanwide Holdings, LA Lakers, Getty, Business, Financial, Redevelopment Agency Locations: Los Angeles, Fortune, China, Hong Kong, LA's, Angeles

☆ Are these the most beautiful coffee shops in the world?
▼ + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com time to read: +12 min

The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.

Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, ”, “, ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia

☆ Despite Japan’s economic recession, Asian stocks rise
▼ + stars: | 2024-02-16 | by ( Diksha Madhok | Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong/New Delhi CNN —Japan’s stock market defied gloomy economic data to rally Friday, lifting broader Asian shares and ending the week on a buoyant note. Japan’s benchmark Nikkei 225 index closed above 38,000 points for the second day in a row, just a whisker off its historic peak reached in December 1989. “If anything, the window of opportunity created by the weak yen is encouraging international investors, as they suspect it will close soon,” he added. The MSCI’s broadest index of Asian shares excluding Japan closed more than 1% higher. On Wall Street, the S&P 500 closed at a record high of 5,029.73 Thursday as US stocks bounced back from steep losses earlier this week.

Persons: ”, Neil Newman, Stephen Innes, Austan Goolsbee, Innes, Korea’s Organizations: Hong Kong / New Delhi CNN, Analysts, Japan, Dow, Nasdaq, Federal Reserve, Fed, Chicago Fed Locations: Hong Kong / New Delhi, Tokyo, United Kingdom, Asia, Pacific, New York, China

Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.

Persons: Biden, ”, penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, “, Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com

DOHA, Qatar (AP) — Marrit Steenbergen won gold for the Netherlands in the women's 100-meter freestyle Friday at the World Aquatics Championships. “The back half is my specialty,” said Steenbergen, who also was part of the winning Dutch team in the 4x100 freestyle relay. World record-holder Sarah Sjöström of Sweden is at the championships but withdrew from the 100 free before the preliminaries. The Americans, who are three-time reigning Olympic champions, bounced back from a quarterfinal loss at last year’s world championships in Fukuoka. Hungary came up just short of its first women's world title since 2005.

Persons: Marrit Steenbergen, Siobhán Haughey, Hong Kong, Steenbergen, “, ”, Haughey, Jack, Kate Douglass, ” Haughey, Australia's Mollie O'Callaghan, Sarah Sjöström, Rachel Fattal, Ashleigh Johnson, ___ Organizations: Paris, Dutch, Doha, United, Olympic, Greece Locations: DOHA, Qatar, Netherlands, Hong, Fukuoka, Australia, Sweden, United States, Hungary, Fukuoka . Hungary, Spain

☆ UK's Cameron Raises Red Sea, Human Rights Issues With Chinese Counterpart
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - British foreign minister David Cameron met with Chinese Foreign Minister Wang Yi at the Munich Security Conference on Friday, the Foreign Office said in a statement. Cameron told his counterpart that China should use its influence on Iran to pressure the Houthi militants over their actions in the Red Sea, the statement on Saturday said. Cameron also set out Britain's position on human rights issues in Xinjiang and Hong Kong, raised the case of British parliamentarians sanctioned by China, and again called for the release of media tycoon Jimmy Lai. War in Israel and Gaza View All 209 Images(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Sandra Maler)Photos You Should See View All 33 Images

Persons: David Cameron, Wang Yi, Cameron, Jimmy Lai, Rishabh, Sandra Maler Organizations: Reuters, Foreign, Munich, China Locations: China, Iran, Red, Xinjiang, Hong Kong, Israel, Gaza, Bengaluru

☆ Happy New Year of the Dragon - or Loong?
▼ + stars: | 2024-02-16 | by ( Chris Lau | ) edition.cnn.com time to read: +7 min

This year, it’s the Year of the Dragon, or more accurately, the “Year of the Loong,” says Chinese state media, using its preferred term for the mythical beast. The Chinese “loong” conjures positivity, nobleness and fortune and therefore should be distinguished linguistically from its Western cousin, state media argues. Chinese media has dedicated coverage and airtime to promote the new nomenclature over the past week or so, though both “dragon” and “loong” are being used interchangeably in English-language reports. “Transcribing long into English ‘loong’ would cause more problems and confusion than translating it as ‘dragon’,” he wrote. He noted that “some patriotic and political sources in the Sinosphere” have been peddling the concept that the Western dragon is fearful.

Persons: ”, Loong ”, it’s, loong, “ loong, Xi Jinping, Loong, John Lee, Wong Tai, Alex Chan Tsz Yuk, Elliott, Bradford Lee Eden, Eden, Eduardo Leal, ‘, Weibo, Victor Mair, Mair, “ loong ”, ” Eden, “ Organizations: Hong Kong CNN, Disney, Xinhua, of Library Services, Valparaiso University ,, Tolkien Research, Getty, University of Pennsylvania, Valparaiso University Locations: China, Hong Kong, Beijing, Valparaiso University , Indiana, Macau, Weibo, West

☆ Asia markets set to track Wall Street gains with S&P 500 hitting a record high overnight
▼ + stars: | 2024-02-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise Friday, tracking Wall Street gains, with the S&P 500 notching a fresh record high. Japan's Nikkei 225 is set to extend gains, a day after the country lost its spot as the fourth-largest economy to Germany and entered into a technical recession. Nikkei futures contract in Chicago were at 38,625 and its counterpart in Osaka at 38,650 against the index's last close of 38,157.94Economic slowdown has raised hopes Japan may stick with its ultra-loose monetary policy for longer. Mainland China markets remain closed for the Chinese New Year holidays. Investors await Singapore 2024 budget, slated to be released later in the day.

Organizations: Nikkei, Investors Locations: Asia, Pacific, Australia, Germany, Chicago, Osaka, Japan, Mainland China, Singapore

BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 35 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set a fresh record following some mixed reports on the economy. It has been hovering just below the record high of 38,915.87 that it set on Dec. 29, 1989, right before a plunge in share and property prices ushered in an era of slower, faltering growth. Taiwan's Taiex edged 0.2% lower a day after breaching a record high of 18,644.57 as major market mover TSMC, the world's biggest computer chip maker, surged nearly 8%. On Thursday, the S&P 500 rose 0.6% to 5,029.73, squeaking past its all-time high set last week.

Persons: Australia's, Shack, Wells Organizations: —, Nikkei, Nvidia, Dow Jones Industrial, Nasdaq, U.S, Treasury, Federal Reserve, Fed, CBRE, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong, Seoul, India, Wall

FORT LAUDERDALE, Fla. (AP) — Lionel Messi and Inter Miami closed out their tumultuous Major League Soccer preseason with a 1-1 draw against Messi's boyhood club, Newell's Old Boys on Thursday night. Messi checked out of the game Thursday with Inter Miami's Luis Suárez in the 60th minute. Photos You Should See View All 33 ImagesShanyder Borgelin put Inter Miami ahead 1-0 with a header in the 64th minute, and Newell's Franco Díaz tied it in the 83rd minute. Inter Miami set off on a global tour of exhibition games aimed at promotion and marketing, featuring Messi and the Uruguayan star Suárez. Inter Miami was outscored 12-7 in its first five games before a win in Hong Kong.

Persons: — Lionel Messi, Ballon d’Or, Gerardo “ Tata ” Martino, Messi, Martino, Inter Miami's Luis Suárez, Borgelin, Newell's Franco Díaz, Messi's, Suárez, Leo, Luis Suarez, ” Martino, Luis, fizzling, ___ Organizations: Inter Miami, Major League Soccer, Messi's, Newell's, FC Barcelona, Inter Miami's, Messi, MLS, Uruguayan, ” Inter Miami, Salt Lake Locations: FORT LAUDERDALE, Fla, Rosario, Argentina, Hong Kong, Salt

BANGKOK (AP) — Shares rose in Asia on Thursday after Wall Street stocks recovered much of their sharp losses from a day before. On Wednesday, the S&P 500 climbed 1% to 5,000.62, clawing back more than two-thirds of its loss from Tuesday. It was the single strongest force lifting the S&P 500 index. Most companies in the S&P 500 have been topping analysts’ forecasts for the last three months of 2023. Hopes for stronger growth in 2024 from a solid economy have been another reason the S&P 500 has set 10 records already this year.

Persons: Australia's, Taiwan’s Taiex, India's Sensex, Russell, Lyft, Airbnb Organizations: Wall, Bank of Japan, Nikkei, Reserve, Dow Jones Industrial, Nasdaq, Treasury, Nvidia, Technologies, Akamai Technologies, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Seoul, Japan, Britain, China, Germany, Hong Kong, Bangkok, Italy, U.S

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