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☆ Asia-Pacific markets rise; Japan's yen weakens despite reports of intervention
▼ + stars: | 2022-10-24 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Shares in the Asia-Pacific climbed Monday after U.S. stocks soared on Friday following a Wall Street Journal report that some Fed officials are concerned about tightening policy too much. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.7% higher. Authorities in Japan reportedly intervened in the forex market on Friday, causing the yen to strengthen sharply. On Monday in Asia, the currency briefly strengthened to 145-levels but was last at 148.27 per dollar.

☆ Asia-Pacific markets slip as investors weigh inflation data; yen at 150-levels
▼ + stars: | 2022-10-21 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

A customer in front of a drugstore in Tokyo, Japan, on Wednesday, Oct. 19, 2022. Shares in the Asia-Pacific traded lower on Friday as investors await inflation data from several economies. The Nikkei 225 in Japan slipped 0.24% in early trade and the Topix lost 0.33%. Japan's yen weakened further to touch 150.28 overnight after hitting 150 against the dollar on Thursday. Japan's core consumer prices for the month of September rose 3% compared to a year ago, while Hong Kong and Malaysia are slated to release its inflation data later in the day.

☆ Asia-Pacific markets trade lower; China's offshore yuan hits record low overnight
▼ + stars: | 2022-10-20 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022. Shares in the Asia-Pacific traded lower on Thursday as economic fears weigh. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.37%. The offshore yuan touched a record low against the U.S. dollar overnight, weakening to 7.2745 per dollar. The Japanese yen reached yet another fresh 32-year low of 149.90 against the greenback, and was last at 149.85.

☆ Hong Kong announces plans to ‘trawl the world for talents’
▼ + stars: | 2022-10-19 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

John Lee, Hong Kong's chief executive, arrives to deliver his policy address at the Legislative Council in Hong Kong on Oct. 19, 2022. Hong Kong Chief Executive John Lee on Wednesday announced plans to attract talent and investment to the city. Hong Kong has lost thousands of residents since the pandemic started, worsening a "brain drain" from the international financial hub. Apart from actively nurturing and retaining local talents, the government will proactively trawl the world for talents," according to an official transcript of his speech. Hong Kong's housing prices have seen quarterly declines since the third quarter of last year, according to the Rating and Valuation Department.

☆ Asia-Pacific markets inch up after Wall Street gains overnight
▼ + stars: | 2022-10-19 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

A pedestrian looks at Japanese companies' share prices of the Tokyo Stock Exchange displayed on an electronic board in Tokyo on April 30, 2021. Shares in the Asia-Pacific inched higher on Wednesday following a second day of gains in major U.S. indexes. The Japanese yen remained above 149 against the U.S. dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was fractionally higher. China was due to release home prices data Wednesday, but the release has been delayed.

☆ Asia-Pacific markets rise after Wall Street's jump; yen hovers near 149-levels
▼ + stars: | 2022-10-18 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific traded higher on Tuesday after Wall Street's rally overnight. Japan's yen touched 149.08 against the dollar and was last trading near 148.90. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.46%. The unusual move comes as the Communist Party of China holds its 20th National Congress.

☆ Asia-Pacific markets slip as recession fears weigh
▼ + stars: | 2022-10-17 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians walk in front of an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on March 7, 2022. Shares in the Asia-Pacific fell on Monday as recession fears weigh in over expectations of continued tighten monetary policies around the world. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.6% lower. Later in the week week, several countries in the region are slated to report inflation data, while Australia will release unemployment statistics and China will announce its loan prime rate decision. U.S. stocks closed the previous week lower after a University of Michigan survey showed inflation expectations were increasing.

☆ Japan stocks jump 2%, leading gains in Asia after Wall Street rally, Singapore's GDP grows 4.4%
▼ + stars: | 2022-10-14 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Shares in the Asia-Pacific jumped on Friday, taking the lead from Wall Street overnight as investors shook off a strong inflation report. The Nikkei 225 in Japan was 2.37% higher in early trade, while the Topix gained 1.74%. Japan's yen plunged to its lowest levels against the U.S. dollar since 1990 overnight before paring losses, and still trading at 147-levels. Singapore's GDP grew 4.4% in the third quarter and is expected to further tighten its monetary policy.

Singapore's GDP for the third quarter beat estimates, and its central bank tightened policy as expected. Singapore's economy grew more than expected in the third quarter from the same period last year, according to advance estimates released by the government on Friday. Separately, the country's central bank tightened monetary policy for the fifth time in the past year, in line with expectations. The Southeast Asian country avoided a technical recession, with quarterly GDP growth coming in a 1.5% on a seasonally adjusted basis, after a 0.2% contraction in the second quarter from the first quarter. The Ministry of Trade and Industry in August narrowed Singapore's GDP forecast for 2022 to 3% to 4%, compared to an its previous forecast of 3% to 5%.

☆ Asia-Pacific markets trade mixed ahead of U.S. inflation data
▼ + stars: | 2022-10-13 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022. Shares in the Asia-Pacific were mixed on Thursday as investors await inflation data from the U.S. due later stateside. The Nikkei 225 in Japan was fractionally lower and the Topix was down 0.28%. Japan's yen strengthened in Asia's morning after touching 146.98 per dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was just above the flatline.

☆ British pound whipsaws after mixed messages from the Bank of England
▼ + stars: | 2022-10-12 | by ( Abigail Ng | ) www.cnbc.com time to read: +3 min

In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty ImagesThe British pound on Wednesday morning recovered losses following a Financial Times report that said the Bank of England is privately signaling a willingness to extend its emergency bond-buying program. The Bank of England did not immediately respond to CNBC's request for comment on the FT's report outside of office hours. The pound fell as low as $1.0922 in Asia's morning trade before popping to $1.106 after the FT report was published. If bond purchasing is stopped, "additional measures should be put in place to manage market volatility," it added.

☆ Asia-Pacific markets mixed amid fears of slowing growth; yen weakens past 146
▼ + stars: | 2022-10-12 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Wednesday amid concerns over the global economy and ahead of the Bank of Korea's rate decision. The Nikkei 225 in Japan was lower by about 0.2% while the Topix lost 0.15%. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed. South Korea's central bank is expected to raise interest rates by 50 basis points to 3% on Wednesday, according to a Reuters poll. The Korean won last changed hands at 1,432.30 per dollar.

☆ Japan, South Korea stocks fall 2% in early trade as investors weigh economic risks
▼ + stars: | 2022-10-11 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan. Shares in Asia-Pacific were mixed on Tuesday as investors weigh the impact of monetary policy and economic uncertainty. Japan and South Korea's markets resumed trading after a holiday on Monday. In South Korea, the Kospi fell 2.26% and the Kosdaq shed 3%. "Equities continue to sell off as the impact of tighter monetary policy spooks investors," ANZ Research analysts wrote in a note Tuesday.

☆ Geopolitical tensions with the U.S. could 'supercharge' China's innovation, JPMorgan says
▼ + stars: | 2022-10-07 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more. U.S.-China tensions have pushed Beijing to be more self-sufficient, and that could be a good thing for innovators in China, according to an investment specialist at JPMorgan Asset Management. In the mid-1990s, Chinese companies were mostly mass market manufacturers of "commoditized goods," he added. "I think that the geopolitical tension you're talking about will just actually supercharge that — because China needs to do these things itself, and they will carry on with progress in that area."

☆ Wharton's Jeremy Siegel says today's biggest threat isn't inflation — it's recession
▼ + stars: | 2022-10-07 | by ( Abigail Ng | ) www.cnbc.com time to read: +2 min

Most of the inflation is behind us, and then the biggest threat is recession, not inflation, today. Jeremy Siegel Wharton professorOfficial data, which typically lags by a month, may not immediately show the changes happening in the real economy, he said. "Most of the inflation is behind us, and then the biggest threat is recession, not inflation, today." "I think that that is way, way too high — given the policy lags, that really would force a contraction," he said. "But my feeling is that when I look at sensitive commodity prices, asset prices, housing prices, even rental prices, I see declines, not increases," he said.

☆ Nasdaq says IPOs by Chinese firms could pick up 'dramatically' as delisting fears ease
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Nasdaq is expecting more Chinese companies to list on the U.S. exchange in the coming months as Beijing and Washington appear closer to resolving an audit dispute. "We still have a pretty strong pipeline … as things are getting to become a little more clear in that market. We think that that market could pick up pretty dramatically," said Bob McCooey, vice chairman of Nasdaq, who does business development in the Asia-Pacific, told CNBC on Wednesday. Delisting risk for U.S.-listed Chinese companies sharply increased following the signing of the Holding Foreign Companies Accountable Act in late 2020. Chinese ride-hailing giant Didi's announcement of plans to delist from the New York Stock Exchange in late 2021 — just six months after its U.S. IPO — also fueled investor concerns.

☆ Two large Hong Kong IPOs drop in trading debut: China EV maker Leapmotor plunges, Onewo shares dip
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday. Chinese electric vehicle maker Leapmotor's shares tumbled as much as 32% from its offer price of 48 Hong Kong dollars ($6.11) per share. Shares of Onewo fell 7.9% from its offer price of 49.35 Hong Kong dollars ($6.29) per share in early trade, and was last 4.76% lower. Onewo, a subsidiary of property developer China Vanke, raised 5.6 billion Hong Kong dollars ($713.5 million), while Leapmotor raised 6.06 billion Hong Kong dollars ($771.7 million). Data from the Hong Kong Exchange (HKEX) show there were 48 new listings in Hong Kong from January to August in 2022, raising a total of 56 billion Hong Kong dollars ($7.1 billion) – a steep drop from the same period in 2021, in which there were 69 new listings that raised 271.4 billion Hong Kong dollars ($34.6 billion).

☆ Asia-Pacific markets open higher after Wall Street rebounds overnight
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. Shares in the Asia-Pacific rose at the open on Thursday following a rebound on Wall Street overnight. The Nikkei 225 in Japan advanced 1% and the Topix index gained 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%. The S&P 500 gained 1.97% to 3,719.04, staging a comeback after notching a new bear market low the previous session.

☆ Asia-Pacific markets open mixed after S&P 500 closes near two-year lows
▼ + stars: | 2022-09-28 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Dow and S&P 500 have fallen for six straight days, with many of those seeing broad selling typical of so-called "washout" days. That can sometimes be a contrarian buy signal on Wall Street, but many investment professionals are skeptical that the selling is over. One reason is that earnings expectations for next year still show solid growth, which would be unlikely in the event of a recession. "But I have a hard time reconciling in my mind that the earnings story is going to be as good as we expect." Additionally, the dramatic moves in the bond and currency markets means that "something broke" and it may be smart to wait for that information to shake out, Smith said.

☆ Asia-Pacific markets open higher following negative start to the week
▼ + stars: | 2022-09-27 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific were higher on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose 0.65%, and the Topix index gained 0.66%. South Korea's Kospi was marginally up, and the Kosdaq gained 0.64%. MSCI's broadest index of Asia-Pacific shares outside Japan was about flat.

☆ Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken
▼ + stars: | 2022-09-26 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Sterling hit a record low. Matt Cardy | Getty ImagesThe British pound plunged to a record low on Monday morning in Asia, following last week's announcement by the new U.K. government that it would implement tax cuts and investment incentives to boost growth. The sterling briefly fell 4% to an all-time low of $1.0382 on Monday in Asia. "Below $1.05, you really look at parity," he told CNBC's "Squawk Box Asia." "We've seen the euro dip below parity — I don't see a reason why sterling can't either," he added.

☆ Nikkei, Kospi fall 2%; Asia-Pacific markets drop as negative sentiment remains
▼ + stars: | 2022-09-26 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Shares in the Asia-Pacific fell sharply on Monday as negative sentiment continues to weigh in on markets. The Nikkei 225 in Japan dropped 2.19% in early trade, and the Topix slipped 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.19% lower. Onewo, a subsidiary of property developer China Vanke, is set to debut on the Hong Kong stock exchange this week as well.

☆ Asia-Pacific markets inch lower as investors weigh Fed hike
▼ + stars: | 2022-09-23 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave up gains to fall 1.16% on its return to trade after a holiday on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.18%. On Wall Street overnight, stocks fell for a third consecutive day over recession fears following the Fed's latest 75-basis-point rate hike.

☆ Asia markets fall after Federal Reserve raises rates; Bank of Japan decision ahead
▼ + stars: | 2022-09-22 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange in Japan. Asia markets traded lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. U.S. stocks were volatile and closed sharply lower following the announcement. The Nikkei 225 in Japan slipped 1% in early trade, and the Topix index fell 0.78%. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.46%.

☆ Asia markets trade lower ahead of Federal Reserve’s expected rate hike
▼ + stars: | 2022-09-21 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. The Nikkei 225 in Japan dropped 1% in early trade, while the Topix index fell 0.94%. Shares in the Asia-Pacific opened lower Wednesday, following Wall Street's negative lead ahead of the Federal Reserve's expected rate hike . "A sourer tone took hold over the past 24 hours, with equities lower and haven currencies, including the dollar, stronger," Taylor Nugent, economist at National Australia Bank, wrote in a Wednesday note. The dollar index strengthened above the 110 level.

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