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☆ Asia markets set to fall ahead of Fed rate decision; Australia inflation figures
▼ + stars: | 2023-07-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall as investors brace for the U.S. Federal Reserve's rate decision on Wednesday. The Fed is expected to approve what would be the 11th interest rate increase since March 2022. That would push the upper boundary of the federal funds rate to its highest level since January 2001. In Australia, futures for the S&P/ASX 200 were at 7,313, lower than the index's last close of 7,339.7, ahead of its inflation figures for June. The inflation print comes ahead of the Reserve Bank of Australia's rate decision on August 1, and will be a key consideration for the central bank.

Organizations: U.S, Reserve Bank, Nikkei Locations: Asia, Pacific, U.S . Federal, Australia, Japan, Chicago, Osaka

☆ Asia shares rally after China pledges economic support steps
▼ + stars: | 2023-07-25 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 1.2% higher and on course to snap a six-day losing streak. China's property market remains a cause for concern among investors, with stocks and bonds in China's real estate industry sliding to around eight-month lows on Monday amid fears of a cash crunch at two of the country's biggest developers. China will adjust and optimise property policies in a timely manner, in response to "significant changes" in the supply and demand relationship in the property market, state news agency Xinhua said late on Monday. "We believe policymakers may remain cautious about financial risks, though they may provide further policy support to help stabilize the sector." The slowdown may be viewed positively at the Fed, which is keen to see activity cool to lower inflation.

Persons: HSI, Erin Xin, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Federal Reserve, Japan's Nikkei, Hong, Saxo Markets, Xinhua, Greater China, HSBC, European Central Bank, Thomson Locations: SINGAPORE, Hong Kong, Asia, Pacific, Japan, Shanghai, China, Greater, United States

☆ Asia markets to mostly rise as China vows support for ailing property market
▼ + stars: | 2023-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The view from the observation deck at Shanghai Tower in Shanghai, China, on Sunday, April 9, 2023. Photographer: Qilai Shen/Bloomberg via Getty ImagesAsia-Pacific markets are set to mostly rise on Tuesday after China's Politburo pledged to "adjust and optimize policies in a timely manner" for its ailing property sector. This comes after disappointing economic data last week prompted renewed calls for policy support to bolster growth. Hong Kong's Hang Seng index looks set for a strong rebound after the index lost more than 2% on Monday, dragged mainly by losses in real estate stocks. However, futures for Australia's S&P/ASX 200 point to a lower open, standing at 7,301 compared to it's last close of 7,306.4.

Persons: Qilai Shen Organizations: Bloomberg, Getty Images, China's, Nikkei Locations: Shanghai, China, Getty Images Asia, Pacific, Japan, Chicago, Osaka

☆ China economy: Leaders promise more support for 'tortuous' recovery
▼ + stars: | 2023-07-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s top leadership has vowed to do more to support a “tortuous” economic recovery, which has lost steam after an initial burst of activity early in the year. The assurances, made by the Communist Party’s 24-member Politburo — a top decision making body — boosted stocks in China-related companies on Tuesday. Shares in China’s property developers, currently mired in the industry’s worst slump on record, have soared in response. They added at a meeting chaired by leader Xi Jinping that the current economic recovery was making “tortuous” progress. Last week, official data showed economic recovery in China continued to lose momentum in the April to June months, prompting urgent calls for more help from the central government.

Persons: Hong Kong CNN —, —, China’s, Xi Jinping, Stephen Innes, ”, ” Innes Organizations: Hong Kong CNN, Communist, Mainland Properties, Longfor Group, Sunac China Holdings, Management, “ Investors Locations: Hong Kong, China, Hong, Shanghai, Shenzhen, Beijing

☆ Morning Bid: Big Tech litmus test as Fed gather
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +4 min

The wider blue-chip CSI 300 Index (.CSI300) snapped a six-day losing streak to pop 3% and buying from state banks propped the yuan. Both oil and Treasury yields gave back some of those gains again today, however, with year-on-year crude price declines still tracking more than 21%. There was little ostensible reaction to the formal rebalancing of the Nasdaq 100 (.NDX) index that pared weightings of several of the big caps to reduce "over-concentration". The approach of Wednesday's Fed decision may limit market moves until then. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, sagged, Dow Jones bluechips, Alphabet's, Clark, Chubb, Paccar, Sherwin, Williams, Archer, Ed Osmond Organizations: Big Tech, Microsoft, Federal Reserve, European Central Bank, ebbing, Nasdaq, Google, Texas, NextEra Energy, Visa, GE, GM, Dow, Verizon, Universal Health, Daniels, Richmond Fed, Philadelphia Fed, Federal, Market, Monetary Fund, Treasury, Reuters, Thomson Locations: U.S, Hong, Europe, China, Danaher, Corning, Kimberly, Biogen, Dover, Nucor, Midland

☆ CNBC Daily Open: Even meme stocks are rallying in this market
▼ + stars: | 2023-07-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks rallyMajor U.S. stock indexes ended Monday in the green, with the Dow Jones Industrial Average notching an 11-day winning streak. Busy week for central banksThe U.S. Federal Reserve, the European Central Bank and the Bank of Japan will all announce interest rate decisions this week. Using FactSet data, CNBC Pro screened 100,000 stocks to identify just four major stocks from around the world that have raised dividends by more than 10% annually over the past 15 years.

Persons: Elon, Linda Yaccarino's Organizations: CNBC, U.S, Dow Jones, Shenzhen Component, Chinese Communist Party, Twitter Twitter, Twitter, U.S . Federal Reserve, European Central Bank, Bank of Japan, ECB, CNBC Pro Locations: Asia, Pacific, Shanghai, Shenzhen, U.S

☆ Chinese Stocks Surge After Officials Signal Support for Economy
▼ + stars: | 2023-07-25 | by ( ) www.wsj.com time to read: 1 min

Shares in Hong Kong and mainland China jumped on Tuesday, after a key political meeting yielded promises of support for China’s stumbling economy. Mainland China’s CSI 300 closed up almost 3%, its best performance so far this year, while Hong Kong’s Hang Seng Index rose more than 4%. Tech and property stocks led the rally but every sector was pulled higher. The yuan gained against the dollar.

Persons: Hong Organizations: China’s CSI, Tech Locations: Hong Kong, China

☆ European stocks cautious, with earnings and central banks in focus
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were muted as investors assessed economic data and corporate earnings, while gearing up for a big week of central bank meetings . The pan-European Stoxx 600 index hovered just below the flatline in early trade, with mining stocks jumping 2.7% while health care stocks fell 1%. Global investors are navigating a busy week of corporate earnings and central bank meetings. The European Central Bank meets on Thursday, when policymakers are expected to announce a 25 basis point rate hike and offer guidance for the final stages of their efforts to fight inflation. It's another bumper day for earnings stateside, with Microsoft , Google parent Alphabet , Spotify and General Motors all due to report.

Persons: Hong Organizations: Global, European Central Bank, Unilever, Deutsche, Dow Jones, Microsoft, Google, General Motors, U.S . Federal Locations: France, Germany, Europe, Italgas ., Asia, Pacific

☆ Chinese stocks pop as Beijing vows more measures to boost weak economy
▼ + stars: | 2023-07-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Chinese stocks soared Tuesday as Beijing pledged to ramp up measures to bolster China's sputtering economy. Hong Kong's Hang Seng Index surged more than 3%, China's tech-heavy ChiNext rose 1.8% and the Shanghai Composite Index increased 1.81% on Tuesday morning in Asia. The stock rebound comes after China's top leaders pledged on Monday to ramp up policy support to boost domestic consumption as the post Covid rebound has been slower than expected. That's mainly due to weak domestic demand, operational challenges for companies as well as "a grim and complex external environment," it said. Alibaba shares soared 4.7%, while Tencent was up nearly 4%.

Persons: China Vanke, Alibaba, Tencent, Li Auto Organizations: Bund, China Overseas Land, Investment, Xinhua, Baidu Locations: Shanghai, China, Beijing, Asia, Hong Kong

☆ China hints at bringing in a stimulus package to support its faltering economy
▼ + stars: | 2023-07-25 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The Politburo acknowledged a stimulus package would be needed to deal with "new difficulties and challenges". Beijing's top decision-making body the Politburo said late Monday that it would launch its stimulus package "with precision and force" to boost demand, according to Xinhua. The country's economy has also been plagued by a property-market crisis ever since embattled developer Evergrande missed its scheduled debt repayments in 2021. The Politburo had been expected to conclude its July meeting later this week, so Monday's hints of a stimulus package surprised markets. "Though few concrete details were revealed and the language falls short of bazooka-style stimulus measures, we think the tone taken is positive," he added.

Persons: Xi Jinping, Evergrande, Mark Haefele Organizations: Service, Xinhua, CSI, UBS Global Wealth Management Locations: Wall, Silicon, Shanghai, Beijing

☆ China vows to 'adjust and optimize' property policy in 'tortuous' economic recovery
▼ + stars: | 2023-07-24 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

The post-pandemic economic recovery will proceed in a "wave-like" fashion in a "tortuous" process, it added. On Tuesday, Hong Kong and mainland China stock markets cheered the Politburo's policy pledges, outperforming broader Asia-Pacific benchmarks. The Chinese property sector saw some of the strongest percentage gains in Hong Kong, with developer Country Garden rebounding more than 14% from a nine-month low. By some calculations, the country's property sector still accounts for up to a quarter of China's annual economic activity. Expanding domestic demandLate Monday, China's top leaders pledged to "actively expand domestic demand" and to "expand consumption by raising income levels."

Persons: Xi Jinping, Li Qiang, China Vanke, Goldman Sachs, China's, Julian Evans, Pritchard Organizations: Getty, Communist, Xinhua, Barclays, Index, CSI, Longfor, China Overseas, Observers, Citi, People's Bank, China's, National, Capital Economics Locations: China, Hong Kong, outperforming, Asia

☆ Morning Bid: Euro biz ebbs, China property and rate peaks?
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +4 min

Arguments for calling a halt to the credit tightening were strengthened on Monday as early July business surveys for the euro area came in well below forecasts, showing a deepening contraction in overall activity this month. The euro dropped more than half a percent against the dollar as euro government debt yields fell back, with an indecisive weekend election result in Spain adding pressure. With the ongoing slide in manufacturing still the biggest drag and due in large part to China's spluttering post-Covid recovery, further turbulence in China's property markets will only increase the anxiety. For Wall St, the looming Fed decision dominates this week - with a check on U.S. July business surveys topping the data on Monday's calendar in another huge corporate earnings week. U.S. Treasury yields fell back, but the dollar (.DXY) climbed against the euro, yuan and sterling - also hit by disappointing UK business readings for July.

Persons: Mike Dolan, China's, readouts, Dow Jones, Brown Organizations: Futures, Bank of, Dalian, Japan's Nikkei, Tech, Microsoft, Dow, Nasdaq, Treasury, Chicago Fed, Whirlpool, Packaging Corp of America, Cadence, Trade Organization, Reuters, Thomson Locations: U.S, China, Bank of Japan, Spain, United States, Alexandria, Geneva

☆ Asia markets set for mixed open ahead of private surveys on economic activity
▼ + stars: | 2023-07-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to open mixed on Monday ahead of a slew of economic data from around the region, including inflation numbers from Malaysia and Singapore. In Japan, the Nikkei 225 looks to rebound from a weekly loss last week, with the futures contract in Chicago at 32,655, and its counterpart in Osaka at 32,700 against its last close at 32,304.25. Japan will also see private surveys for its purchasing managers index in July. In Australia, futures for the S&P/ASX 200 were at 7,300, lower than the index's last close of 7,313.9, as the country saw flash estimates for its composite PMI fall into contraction territory for the first time since March. Hong Kong's Hang Seng index looks set to start the week lower, with futures at 18,953 compared to the HSI's last close of 19,560.57.

Persons: Hong Organizations: Nikkei Locations: Asia, Pacific, Malaysia, Singapore, Japan, Chicago, Osaka, Australia

☆ Asian shares subdued after US tech falters, dollar and yields hold gains
▼ + stars: | 2023-07-21 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.5%, heading for a weekly loss of 1.8%. Shares of Taiwanese chipmaker TSMC (2330.TW) slumped 3.3%, after the world's largest contract chipmaker flagged a 10% drop in 2023 sales. The U.S. dollar index was little changed at 100.78, after advancing 0.5% overnight, the biggest one-day gain since mid-May. The Australian dollar gave up almost all of its gains made after a strong local jobs data release to hover below 68 cents. Brent crude futures were up 0.8% at $80.27 per barrel and U.S. West Texas Intermediate crude futures rose 0.8% to $76.25.

Persons: BOJ, TSMC, HSI, Wanda, Betty Wang, Stella Qiu, Lincoln Organizations: Netflix, Fed, ECB, Tesla, Treasury, Nasdaq, U.S . Federal Reserve, European Central Bank, Bank of Japan, Japan's Nikkei, HK, ANZ, U.S, Australian, TD Securities, Brent, . West Texas, Thomson Locations: SYDNEY, U.S, Asia, Pacific, Japan, China, Beijing, Europe

☆ Asian shares fall after US tech falters, dollar and yields hold gains
▼ + stars: | 2023-07-21 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.5%, heading for a weekly loss of 1.8%. China's bluechips (.CSI300) dipped 0.2% while Hong Kong's Hang Seng index (.HSI) bucked the trend with a gain of 0.4%. The onshore yuan was 0.2% higher at 7.1674 per dollar after the central bank set a much stronger guidance rate than expected. The U.S. dollar index was little changed at 100.78, after advancing 0.5% overnight, the biggest one-day gain since mid-May. The Australian dollar gave up almost all of its gains made after a strong local jobs data release to hover below 68 cents.

Persons: BOJ, Tesla, TSMC, China's, Wanda, Tony Sycamore, Stella Qiu, Lincoln Organizations: Netflix, Fed, ECB, Treasury, U.S . Federal Reserve, Bank of Japan, Japan's Nikkei, Authorities, Nasdaq, Tesla, IG, Microsoft, Apple, Meta, Federal Reserve, U.S, Australian, European Central Bank, TD Securities, Brent, . West Texas, Thomson Locations: SYDNEY, U.S, Asia, Pacific, Japan

☆ Asia markets to mostly fall as Japan's inflation rises slightly in June
▼ + stars: | 2023-07-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to mostly fall on Friday as investors look to Japan's consumer price index figures for June. The country's core inflation rate - which strips out costs of fresh food - came in at 3.3%, in line with expectations of economists polled by Reuters. This is slightly higher than May's figure of 3.2%, and also above the Bank of Japan's 2% target. The inflation print will give clues to the Bank of Japan's moves when it meets next week for its rate decision. In contrast, Hong Kong's Hang Seng index looks set to open higher, with futures at 18,935 compared to the HSI's last close of 18,928.02.

Persons: Kazuo Ueda Organizations: Reuters, Bank of Japan's, Bank of, Nikkei Locations: Asia, Pacific, Chicago, Osaka, Australia

☆ Asia markets to mostly fall ahead of key economic data out of China, Australia and Japan
▼ + stars: | 2023-07-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

People ride an escalator at a shopping mall in Beijing on the second day of a holiday in late April 2023. Asia-Pacific markets are set to mostly fall on Thursday ahead of a slew of economic data across the region. Investors will be closely watching China's one and five-year loan prime rates to see if the country's government will attempt to spur growth by cutting rates, days after China's second quarter GDP came in below expectations. Japan is also set to release its trade figures for June, with economists polled by Reuters expecting its trade deficit to come in at 46.7 billion yen ($334.4 million), a sharp fall compared to last month's 1.38 trillion yen. In Australia, futures for the S&P/ASX 200 are at 7,286, lower than the index's last close of 7,323.7, and ahead of its unemployment figures for June.

Organizations: Reuters, Futures, Nikkei Locations: Beijing, Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ Stock Market Today: Dow Futures Hover; Netflix, Tesla Shares Fall Premarket
▼ + stars: | 2023-07-20 | by ( ) www.wsj.com time to read: +1 min

A premarket selloff in Netflix and Tesla shares weighed on stock futures, denting investor optimism about the second-quarter earnings season after largely reassuring bank results. Netflix shares slid more than 6% premarket after the company reported revenue that fell short of its own projections , despite adding 5.9 million subscribers. Tesla shares were down more than 3% after Chief Executive Officer Elon Musk cautioned that the company might need to cut prices further . Johnson & Johnson reported earnings ahead of the market open Thursday. Dow futures rose 0.2%, putting the index on track for its ninth day of gains.

Persons: Elon Musk, Johnson Organizations: Netflix, Tesla, Tech, Nasdaq, Dow, Futures, Monday, ’, Japan’s Nikkei Locations: Russia, Ukraine, Odesa, Europe

☆ Asia stocks gain; US futures slip after Netflix, Tesla earnings
▼ + stars: | 2023-07-20 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

SINGAPORE, July 20 (Reuters) - Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower. The Bank of England is due to meet in the first week of August but before that central bank meetings in Japan, Europe and the United States will likely grab investors' attention. Overnight, the Dow Jones Industrial Average and S&P 500 index rose modestly, with the blue-chip Dow registering its eighth straight day of gains. But futures fell in Asian trade, with E-mini futures for the S&P 500 0.15% lower and Nasdaq futures down 0.44%after earnings from streaming giant Netflix and EV maker Tesla. In commodities, Chicago wheat futures rose 1.4% to hit a three-week high on growing expectations that an attack on Ukrainian ports after Russia's withdrawal from a Black Sea export deal would have a longer-term impact on global supply.

Persons: Tesla, Hong, HSI, Sterling, Kazuo Ueda, Saira Malik, Malik, Elon Musk, TSMC, Brent, Ankur Banerjee, Sam Holmes Organizations: Netflix, Japan's Nikkei, Bank of England, Traders, European Central Bank, Bank of Japan, Federal, U.S, U.S . Federal, Dow Jones Industrial, Dow, Nasdaq, Tesla, Wall, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, Shanghai, Europe, United States, U.S ., Singapore

☆ Asia markets set for mixed open as investors digest Wall Street's strong earnings
▼ + stars: | 2023-07-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open on Wednesday as investors digest better-than-expected results from Wall Street. Overall, the earnings season was off to a strong start. In Australia, futures for the S&P/ASX 200 were at 7,278, lower than the index's last close of 7,283.8. Australia will see its unemployment figures out Thursday, seen as critical to the central bank on whether it will continue to hike rates. Hong Kong's Hang Seng index looks set to continue sliding after falling more than 2% on Tuesday, with futures at 18,898 compared to the HSI's last close of 19,015.72.

Organizations: Wall, Nikkei, Reuters Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ CNBC Daily Open: Investment banking’s coming back
▼ + stars: | 2023-07-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, investors pushed Bank of America shares up 4.42% on the bank's earnings and revenue beat for the second quarter. [PRO] Predictions for the global marketThe U.S. stock market has rallied this year, but the picture across the world is more varied. CNBC Pro asked 15 market strategists to predict how global stock markets will end the year.

Persons: Morgan Stanley's, I'm Organizations: CNBC, Dow Jones, Nikkei, Microsoft, Revenue, Bank of America, Employees, Google, CNBC Pro, U.S . Locations: Asia, Pacific, U.S

☆ Asia shares slip as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. Investors are waiting for clearer signs that inflation is cooling, with the readings on U.S. retail sales and industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May, strong enough to keep the soft landing scenario without rekindling worries about inflation. The Fed, European Central Bank and Bank of Japan are holding policy reviews next week. The U.S. dollar index dipped slightly to 99.71 in Asia trade, having struck its lowest since April 2022 on Friday.

Persons: Lam, Morgan Stanley, Goldman Sachs, Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore, Sam Holmes Organizations: Hong Kong Exchanges, REUTERS, Federal, Bank of America, Natixis Corporate, Investment Bank, The, European Central Bank and Bank of Japan, Japan's Nikkei, ECB, Fed, Bank of England, U.S, Bank of Japan, Thomson Locations: Hong Kong, China, HONG KONG, Asia, Pacific, Japan

☆ Asia shares slip further as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May. The U.S. Federal Reserve, European Central Bank and Bank of Japan are holding policy reviews next week. A possible divergence of U.S. Federal Reserve and European Central Bank on rate hikes has recently caused dollar to weaken.

Persons: Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore Organizations: Natixis Corporate, Investment Bank, The U.S . Federal Reserve, European Central Bank and Bank of Japan, Japan's Nikkei, . Federal Reserve, European Central Bank, Fed, Bank of England, Bank of Japan, U.S, Thomson Locations: HONG KONG, Asia, Pacific, Japan, Hong Kong, China

☆ CNBC Daily Open: The long-awaited recession might not come
▼ + stars: | 2023-07-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, China's lackluster gross domestic product figures, released yesterday, prompted Wall Street to cut their expectations of China's annual growth to around 5%. Peak oil demandIndia imported 2.2 million barrels of Russian oil per day in June. Since Russia invaded Ukraine in February last year and oil price caps were instituted, India has become one of the leading importers of Russian oil. Buffett previously revealed Berkshire added to its initial Activision stake in a bet the deal would close and cause shares to rise.

Persons: Hong, Hong Hao, Viktor Katona, Berkshire Hathaway, Buffett, Bitcoin, bitcoin Organizations: New York Stock Exchange, CNBC, Grow Investment, Activision Blizzard, Microsoft, Activision, BlackRock Locations: New York City, Asia, Pacific, India, Russia, Ukraine, Berkshire

☆ Asia markets set for mixed open as investors look to Australia's central bank minutes
▼ + stars: | 2023-07-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are headed for a mixed open on Tuesday as investors await the release of minutes of the Reserve Bank of Australia's July policy meeting. In Australia, futures for the S&P/ASX 200 were at 7,239, lower than the index's last close of 7,298.5. In Japan, the Nikkei 225 could start its week either way based on futures data as it comes back from a holiday , with the futures contract in Chicago at 32,405, and its counterpart in Osaka at 32,340 against its last close at 32,340. Hong Kong's Hang Seng index also resumes trading today after trading sessions were suspended on Monday due to a warning for Typhoon Talim. Hang Seng futures are at 19,450, compared to the HSI's last close of 19,413.78.

Persons: Talim, Hang Organizations: Reserve Bank of Australia's, Nikkei Locations: Asia, Pacific, Australia, Japan, Chicago, Osaka

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