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☆ The markets saw right through China's latest economic support hype
▼ + stars: | 2024-10-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets slumped after a 10-day rally that was driven by Beijing's stimulus announcement in September. Retail investors dominate China's markets, influencing sentiment and market movements. AdvertisementChina's top leadership has a problem with its economic stimulus: its own investors at home saw right through the hype this week. China's domestic stock markets slumped on Wednesday after a 10-day blitz culminated in a two-year high. China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume.

Persons: —, weren't, Jun Rong, that's, Vishnu, Li Qiang, Hele Qiao, Qiao Organizations: Investors, Service, People's Bank of China, Reform Commission, BofA Global Locations: Shanghai, Shenzhen, China, Hong Kong, Beijing, Asia, Japan, Xinhua, Greater China, China's

☆ European markets head for mixed open as positive sentiment wavers
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a flat to mixed open Wednesday as positive sentiment wavers in the region, spurred by market volatility in China. Regional markets traded and closed lower Tuesday, with all major bourses and the majority of sectors trading in the red during the day. On Tuesday, the HSI recorded its worst day in 16 years, closing 9.41% lower. U.S. stock futures hovered near the flatline Tuesday night after a winning session for the major averages. Wall Street is coming off a strong session for the major averages Tuesday as tech stocks outperformed, and oil prices eased off their highs.

Persons: HSI Organizations: Regional, CSI, NATO Locations: China, Asia, Pacific, Europe, Belgium

☆ After 5 years in tech, I wanted something new. An internship on a tea farm in Japan was the wake-up call I needed.
▼ + stars: | 2024-10-09 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Cherie Luo worked at a matcha farm as part of a requirement during her time at Stanford Graduate Business School. She graduated from Stanford Graduate School of Business in June. In order to graduate, Stanford MBA students are required to fulfill an international program known as the Global Management Immersion Experience. However, the opportunity to work at a matcha farm in Japan for a month stood out. I'm starting a matcha business with my sisterThe matcha farm was located in Wazuka, a town an hour from Kyoto.

Persons: Cherie Luo, Luo, —, matcha, Daiki Tanaka, san, that's, we've Organizations: Stanford Graduate Business School, Luo, Service, Stanford Graduate School of Business, Stanford, Global Management, LinkedIn Locations: Silicon Valley, Long Island, Manhattan, Asia, Hong Kong, Indonesia, Japan, New York, Flushing , Queens, Wazuka, Kyoto

In the long list of issues with in-flight entertainment, passengers on a recent flight from Sydney to Tokyo may have been exposed to a new one: A sexually explicit movie playing on every screen. Australian airline Qantas has now apologized after the incident during a flight last week. Technical issues made individual movie selection unavailable, so a movie was selected out of a limited list for the entire flight based on a request from some passengers, the airline said. "The movie they played was extremely inappropriate," a passenger who said they were on the flight from Sydney to Tokyo's Haneda Airport, wrote on Reddit. “All screens were changed to a family friendly movie for the rest of the flight, which is our standard practice for the rare cases where individual movie selection isn’t possible," it added.

Persons: James D, Morgan, “, ” Organizations: Qantas, Qantas Boeing, Kingsford Smith International Airport Locations: Sydney, Tokyo

☆ We spent $470 on a Michelin-star meal for 2. The restaurant was inside a corporate office building, but our dinner was far from boring.
▼ + stars: | 2024-10-08 | by ( Tiffany Leigh | ) www.businessinsider.com time to read: +1 min

I ate at Hansik Goo, a restaurant in Hong Kong known for modern Korean cuisine, for the first time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a food writer visiting my ancestral home in Hong Kong, I knew I wanted to try Hansik Goo, the region's only Michelin-star Korean restaurant. Hansik Goo serves lunch, dinner, and drinks and specializes in modern Korean cuisine. During my visit to Hong Kong, a friend and I went to Hansik Goo for dinner to see what all the hype was about.

Persons: —, Hansik, Goo Organizations: Service, Michelin Locations: Hong Kong

☆ China economy: Government gives $28 billion to local governments as it vows to meet economic targets
▼ + stars: | 2024-10-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets. China announced a 5% target growth rate in March, but a series of economic data over the summer has been so weak that economists were worried the goal might be missed. To help local governments struggling with mountains of debt, Beijing will provide 100 billion yuan ($14 billion) from the central government’s budget and an extra 100 billion yuan for investment projects, Zheng said. Nevertheless, investors were disappointed at the lack of details on new fiscal measures,” Fred Neumann, chief Asia economist for HSBC, told CNN. Fiscal measures, on the other hand, can include the use of taxation or other measures to impact public spending more directly.

Persons: ” Zheng Shanjie, Zheng, Xi Jinping, Fred Neumann, What’s, Jia Kang, “, … Jia Kang, –, Xi, ” Organizations: Hong Kong CNN, National Development, Reform Commission, HSBC, CNN, “, Ministry of Finance, Citi, People’s Bank of China Locations: China, Hong Kong, Beijing, Asia, Shanghai, Shenzhen

☆ Trump seeds disinformation as he sets course for a possible Oval Office return
▼ + stars: | 2024-10-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In a fact-bending blast of disinformation, the former president is charging Vice President Kamala Harris and President Joe Biden’s White House of the very transgressions of which he stands accused. This is false, but Trump, while president, did repurpose FEMA funds to help finance his hardline immigration policies. But in retrospect, the charade featuring his first White House press secretary Sean Spicer was a harbinger of an administration that bucked fact as an instrument of political power. Trump voters respond to his populism and his evisceration of elites and many sincerely believe he’s a response to a march to the left by the Democratic Party. Both Trump and Harris, who are deadlocked in the polls, are chasing voters who may not habitually follow politics.

Persons: Donald Trump, Kamala Harris, Joe Biden’s, Helene, Trump, Biden, ”, you’ll, Hugh Hewitt’s, –, Harris, It’s, fib, Tim Walz, Don’t, ” Trump, Ohio Sen, JD Vance, ” Vance, Dana Bash, Biden hadn’t, “, it’s, braggadocio, Sean Spicer, Trump’s, ’, Vance, —, Mike Pence, Liz Cheney, stigmatize Harris, Viktor Orbán Organizations: CNN, FEMA, Republican, Democratic, Trump, Veterans, Foreign Wars, Union ”, Biden, GOP, White, Democratic Party, Wyoming Locations: Wisconsin, “, Hong Kong, Minnesota, Kansas City, Springfield , Ohio, “ State, North Carolina, Hurricane, York, Hungarian, America

TOKYO — It may not receive the same scrutiny as Britain's royal family, but the Japanese government was nonetheless forced to admit Monday that it had doctored photos of its new cabinet following online mockery of their unkempt attire. Eagle-eyed social media users had spotted the editing over the untidy suits of the country’s top officials. The pictures, released by prime minister Shigeru Ishiba’s office on his X page and taken by local media last week, show his and defense minister Gen Nakatani’s white shirts visibly poking out from under their suits in different angles. But no shirt was visible in a frontal image later posted on Ishiba’s website, which caught the eye of some who blasted the cabinet's unkempt attire. “And therefore my understanding is that slight edits have been conducted in the past, not just for this photo you inquired about.”

Persons: Shigeru Ishiba’s, Gen, Yoshimasa Hayashi, ” Locations: TOKYO

☆ Most of today’s children are unlikely to live to 100, analysis says
▼ + stars: | 2024-10-07 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

They said, ‘No, no, NO!’ Advances in medical and life-extending technologies will accelerate and will drag life expectancy along with it,” he said. We have shown the era of rapid increases in human life expectancy has ended, just as we predicted,” Olshansky said. “We’re still gaining life expectancy, but it’s at an increasingly slower pace than in previous decades.”Olshansky spoke to CNN about his analysis of longevity data. Just 5% of baby girls and about 2% of baby boys born today will live to 100, according to a new analysis. (That woman, Jeanne Calment, was born in 1875 in Arles, France, at a time when life expectancy was nearly 45 years.

Persons: CNN — Gerontologist Jay Olshansky, Olshansky, ”, ‘, ” Olshansky, “, “ We’re, Jeanne Calment, it’s, that’s Organizations: CNN, “, School of Public Health, University of Illinois, ER Productions, Getty Locations: Chicago, Australia, France, Hong Kong, Italy, Japan, South Korea, Spain, Sweden, Switzerland, United States, Arles

☆ The human life span may have finally plateaued. Here's what you can do to optimize your chances for a long life — and what researchers are working on next.
▼ + stars: | 2024-10-07 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Life expectancy in the US shot up at a rate of about three years per decade in the last century: from roughly age 47 in 1900 to age 77 in 2000. As more people in wealthy countries make it to old age, human life expectancy gains are nearing a plateau. The study tracks trends in their death rates and life expectancy from 1990 to 2019, before the COVID-19 pandemic started. Spending just 3% of your day exercising can mean you stay healthier for longer, an expert in healthy aging said.

Persons: —, Jay Olshansky, We've, Mick Jagger, Joe Biden, Kevin Winter, Thomas Barwick, Olskansky, Olshansky, Aubrey de Grey, De Grey, Peter Fedichev, Gero, hasn't, Fedichev Organizations: Service, Aging, University of Illinois, Business, Pfizer Locations: Chicago, Australia, France, Italy, Japan, South Korea, Spain, Sweden, Switzerland, Hong Kong

☆ China chip stocks are soaring as excitement grows for another round of stimulus from Beijing
▼ + stars: | 2024-10-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Chinese chip stocks gained $13 billion on Monday, led by a 22% rise in shares of SMIC. The gains come as traders expect Beijing to extend stimulus support to the semiconductor industry. AdvertisementChinese chip stocks soared Monday, fueled by hopes that Beijing's next round of stimulus will boost the country's semiconductor industry. The new round of stimulus could include support for its chip companies. China first announced its stimulus measures last month, pledging to rescue the economy from a struggling property sector and weak domestic demand.

Persons: —, Beijing's Organizations: Service, Semiconductor Manufacturing International Corp, CSI Locations: SMIC, Beijing, China, Hong Kong

☆ China stocks poised to reopen Tuesday with markets fixated on fiscal stimulus
▼ + stars: | 2024-10-07 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China's top economic planning body on Tuesday, when mainland markets return from a week-long holiday. Before the week-long holiday, authorities unveiled a flurry of stimulus policies, including interest rate cuts, lower cash reserve requirements at banks, looser property purchase rules and liquidity support for stock markets. Chinese major indexes have surged over 25% as investors cheer on the barrage of stimulus measures. Last week, China's CSI 300 blue-chip index extended a nine-day winning streak, surging over 8% Monday, before the market closed for a week-long holiday. Now the government needs to add fiscal stimulus to maintain the rally's momentum, said Shaun Rein, founder and managing director of China Market Research Group.

Persons: Qilai Shen, Zheng Shanjie, Erica Tay, Tuesday's presser, Shaun Rein, Rein, Adek Berry, Lynn Song, Song, Gary Ng Organizations: Shoppers, Bloomberg, Getty Images, National Development, Reform, State Council, CSI, SGX FTSE, Maybank Investment Banking Group, Ministry, Finance, China Market Research, AFP, Getty, ING Locations: Nanjing, Shanghai, China, Beijing, Hong Kong, SGX FTSE China, Tuesday's, Xicheng, Greater China, Shenzhen

As a matter of fact, arrivals quadrupled from the last year of President Trump. Walz says Harris told him to be more careful with his wordsLater, it also featured Harris’ running mate, Minnesota Gov. Trump sat down with “60 Minutes” correspondent Lesley Stahl in October 2020 and abruptly ended the interview when he apparently objected to Stahl’s questions. Trump told reporters in Wisconsin last week that he’d “like to get an apology” for that interview before sitting down for another one. “If he is not going to give your viewers the ability to have a meaningful, thoughtful conversation, question and answer with you, then watch his rallies,” Harris told Whitaker.

Persons: Kamala Harris, she’d, nominee’s, Harris, Alex Cooper, ABC’s, Howard Stern, Stephen Colbert, she’s, Donald Trump, Harris ’, Joe Biden’s, should’ve, Biden, tanking, Trump, Bill Whitaker, It’s, ” Harris, ”, Putin Harris, Vladimir Putin, “ Putin, Volodymyr Zelensky, “ I’ve, Ukraine –, Ripon , Wisconsin –, Liz Cheney, Cheney, she’ll, ’ —, would’ve, ‘, ’ ” Cheney, “ That’d, “ She’s, ” Cheney, Walz, Tim Walz, ‘ Tim, ” Walz, Scott Pelley, Lesley Stahl, Whitaker, “ You’re, ” CNN’s Aaron Pellish Organizations: CNN, Democratic, CBS, “, UN, Atlantic Treaty Organization, White, Ukraine, Republican Party, Wyoming, Trump, Capitol, Minnesota Gov, Republicans, Fox News Locations: Russia, Ukraine, Univision, “ Ukraine, Kyiv, “, Ripon , Wisconsin, Hong Kong, Tiananmen, Lago, Wisconsin

☆ The top 3 skills you need if you want to land a job in a family office, according to industry recruiters
▼ + stars: | 2024-10-07 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +7 min

Family office employees, in turn, can be paid on par with, or even better than, banking, private equity, and other top finance jobs. AdvertisementBillionaires like Ray Dalio, the founder of Bridgewater Associates, and Google co-founder Sergey Brin have established family offices in the city-state. Family office staff need to learn on the fly — even about racehorses. Managing multiple family membersIn family offices, technical brilliance alone isn't enough to secure a role. Westall shared a story of a family office executive who started as a cleaner while he was in film school.

Persons: —, Ray Dalio, Sergey Brin, Mukesh Ambani, Jack, Paul Westall, Goldman Sachs, Westall, Jimmy Soh, Soh, Pierre Pineau, that's, Pineau, Mike Campbell, there's, who's Organizations: Service, Bridgewater Associates, Google, Business, Agreus, Goldman, AP, Ivy League, Mandoga Locations: Singapore, Hong Kong, Asia, Europe

☆ China's stock markets reopen tomorrow after a weeklong break. Investors — and social media — are buzzing.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's stock investors and watchers are discussing the markets before they reopen. AdvertisementChina's investors are looking forward to some stock market action after the country's weeklong National Day break. AdvertisementChina's domestic stock markets are dominated by retail traders, who number over 200 million and account for about 70% of trading volume. Goldman Sachs, for one, has upgraded China's stocks to overweight and is forecasting another 15% to 20% upside to Chinese shares. China's stimulus measures include interest rate cuts and 800 billion yuan, or about $114 billion, to support the domestic stock markets.

Persons: —, Goldman Sachs Organizations: Service, Twitter, Weibo, Shanghai Stock Exchange Locations: China, Mainland, Beijing, Weibo, Hong Kong, Shanghai, Shenzhen

☆ Taiwan's president is doubling down on sticking it to Beijing, saying China can't be the 'motherland' because its government is younger
▼ + stars: | 2024-10-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.

Persons: Lai Ching, —, Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, —, Hong Kong, India, Southeast Asia, Washington

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

☆ China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
▼ + stars: | 2024-10-06 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.

Persons: Francis Lun, he’s, Lun, ”, we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai

☆ Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China
▼ + stars: | 2024-10-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Glance up while strolling through parts of downtown Hong Kong and, chances are, you’ll notice the glassy black lens of a surveillance camera trained on the city’s crowded streets. Hong Kong police had previously set a target of installing 2,000 new surveillance cameras this year, and potentially more than that each subsequent year. Facial recognition gates at the departure hall of Hong Kong International Airport. Tang and the Hong Kong police have repeatedly pointed to other jurisdictions, including Western democracies, that also make wide use of surveillance cameras for law enforcement. Protesters on the streets covered their faces with masks and goggles to prevent identification, at times smashing or covering security cameras.

Persons: Chris Tang, Budrul Chukrut, Tang, haven’t, Kong’s, ”, Samantha Hoffman, Hoffman, Joshua Wong –, –, “, Miguel Candela, Qilai Shen, ” Hoffman, Sing, Sing Tao, Steve Tsang, it’s, doesn’t, Normann Witzleb, Chan Long Hei, Witzleb, they’re, ” Witzleb Organizations: Hong Kong CNN —, Hong Kong, Hong Kong International Airport, Budrul, CNN, Hong Kong Police Force, National Bureau of Asian Research, New, London, Protesters, New Town, QR, New York Times, Bloomberg, Getty, SOAS China Institute, University of London, Chinese University of Hong Locations: Hong Kong, China, Hong, Singapore, United Kingdom, Tao, United States, Hong Kong Hong Kong, New York City, Beijing, Xinjiang, Bund, Shanghai, Sing Tao, Chinese University of Hong Kong, Victoria Harbour

BANGKOK — A well-known elephant sanctuary in Thailand appealed for help on Friday after torrential flash floods forced the evacuation of about 100 elephants. Elephants wading through floodwaters at Elephant Nature Park in Chiang Mai, Thailand. The flooded Elephant Nature Park in northern Thailand. In recent weeks, northern Thailand has suffered severe flooding and landslides due to Typhoon Yagi, the most powerful storm to hit Asia this year. Elephant Nature Park was established in 2003 as a permanent sanctuary for elephants rescued from the logging and tourism industries by Saengduean.

Persons: Chiang Mai, Saengduean, Pitsuda Masith, Masith, Yagi, Nat Sumon, Peter Guo Organizations: Staff, NBC, Saengduean Locations: BANGKOK, Thailand, Chiang Mai, Asia, Southeast Asia, Bangkok, Hong Kong

SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. China stocks will keep rising after markets in the mainland reopen following the Golden Week break, analysts predicted. Beijing's announcements of economic support last week have fueled China's CSI 300 blue-chip index to rally over 25% in a nine-day winning streak. Then, Hong Kong stocks dropped on Thursday, ending a 6-day winning streak and sparking fears that China's stimulus rally could have started to fizzle out. Beijing's recent stimulus blitz coupled with higher participation from retail investors will likely fuel a longer rally, he said.

Persons: Eugene Hsiao, Shehzad Qazi, Qazi, Shaun Rein, it's, Rein, Ting Lu Organizations: Financial, CSI, of China Equity, Macquarie Capital, China Market Research Locations: SHANGHAI, CHINA, Shanghai, China, Hong Kong

☆ Beyond Novo: Fund manager likes this under-the-radar pharma stock with a weight loss drug in the works
▼ + stars: | 2024-10-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

"Maybe that weight loss product (by United Laboratories) works, maybe it doesn't. United Laboratories' price-to-earnings of 5.8 times is a fraction of the 34.3 times that Novo Nordisk is trading at, Peche added. [United Laboratories] is making smooth progress in R & D and targets to launch Liraglutide in 2024. Their comments follow United Laboratories' "faster than expected earnings" growth in the first half of the year. Analysts' average price target on United Laboratories is 12.95 Hong Kong dollars, giving it 28.2% potential upside.

Persons: Sean Peche, it's, Peche, there's, that's, Eli Lilly, Amgen, Carol Dou, Sunny Chen, UOB Kay Hian, bode Organizations: Novo Nordisk, Ranmore Fund Management, United Laboratories, Pfizer, AstraZeneca, Global Equity Fund, Hong, Hong Kong bourse, HK Locations: Hong Kong, Novo, Europe, U.S

☆ Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
▼ + stars: | 2024-10-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesSINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. Hong Kong's Hang Seng index futures were at 22,091, lower than the HSI's last close of 22,113.51. Markets in mainland China will reopen on Oct. 8. Chinese stocks had been on a tear after authorities announced a slew of support measures last week.

Persons: Akio Kon, Australia's Organizations: Bloomberg, Getty Images, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images SINGAPORE, Asia, Pacific, China

☆ Japan's Nikkei 225 jumps 2.5% as yen weakens
▼ + stars: | 2024-10-03 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japan stocks led Asian markets higher Thursday, after Wall Street inched higher amid rising tensions in the Middle East. Japan's Nikkei 225 opened 2.57% higher while the broad-based Topix added 2%. Australia's seasonally adjusted Judo Bank Composite PMI data came in at 49.6 in September, lower from the 51.7 in August, falling past the 50 neutral mark. Other data on tap include Japan's PMI data for September and August retail sales from Hong Kong.

Persons: Shigeru Ishiba, Ishiba, Kazuo Ueda Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, Bank of Japan, PMI, Australian Bureau, Statistics, Economists Locations: Tokyo, Japan, Asia, Hong Kong

Compare the Top Credit Cards With Free Airport Lounge AccessCapital One Venture X Rewards Credit Card Apply now lock icon An icon in the shape of lock. Credit Cards with Free Airline Lounge Access ReviewsChase Sapphire Reserve®The Chase Sapphire Reserve® is one of Business Insider's picks for all-around top travel credit cards. Capital One Venture X Rewards Credit CardThe Capital One Venture X Rewards Credit Card is one of the most powerful travel credit cards on the market. One of the Best Credit Cards for Airport Lounges is No Longer Available (But You Can Get it Anyway)The Ritz-Carlton™ Credit Card is perhaps the best travel credit card that isn't on the market. If you request it, Chase can convert your existing Chase-issued Marriott credit card, such as the Marriott Bonvoy Bold® Credit Card or Marriott Bonvoy Boundless® Credit Card , into the Ritz-Carlton Card.

Persons: we've, We've, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Hilton, that's, Marriott, Regis, Sapphire, John F, Kennedy, Insider's, It's, they'll, you'll, Read, You'll, Conrad, you've, Carlton Card, HBO Max, Insider’s, SYD, Miles, Joseph Hostetler, Joseph, Guy, Angela Fung Organizations: Business, Hilton, Card, Citi ®, Mastercard, Marriott, Alaska Airlines, Capital, One, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Express, American Express, Saks, American, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Hilton Honors, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Delta SkyMiles ®, Delta, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S, Delta SkyMiles, United, United ®, United Club, American Express Chase, American Express Card, Citi, Centurion, Fort, Dulles, Washington Dulles, Sapphire Reserve, DoorDash, Chase Sapphire Reserve, Lufthansa, Austrian Airlines, Amex, Resorts, Dell, Adobe, Diamond, Waldorf, Aspire, Delta Reserve, Star Alliance, United Airlines, Polaris, United Polaris, The, Premier, Admirals Club, American Airlines, Airlines, Citi AAdvantage, Chase Ritz, Hilton Honors American, Hilton Gold, Gold, Honors American, Online Retail, ℠, NEXUS, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, Sydney, Finance Locations: Hulu, AmexTravel.com, Caribbean, delta.com, Canada, Delta, U.S, Hong Kong, Boston, LaGuardia, Austin, Dallas, Fort Worth, DFW, Denver, Washington, New York, JFK, San Diego, Las Vegas, Phoenix, Philadelphia, Capital, Hilton, Marriott, United, airfare, Airport, Charlotte, Miami, London

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