A figurine of the Nintendo Co. video-game series The Legend of Zelda character Link is displayed inside the Nintendo TOKYO store during a media tour in Tokyo, Japan, on Tuesday, Nov. 19, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Nintendo plummeted on Friday afternoon a day after the company reported operating profit […]
Tag: Asia News
How coronavirus is beginning to hit China’s economy
BEIJING — Preliminary information present the dimensions at which the coronavirus outbreak is affecting the Chinese economic system. At a particular press convention on Sunday, Chinese officers indicated the illness will stay a problem for the close to future. The instant impression was seen in a drop within the movement of passengers. In an […]
Mainland Chinese stocks plunge as coronavirus fears grip investors
The Shanghai composite fell greater than 3% whereas the Shenzhen element dropped past 4%. The Shenzhen composite additionally declined 4.259%. Hong Kong’s Hang Seng index additionally fell 2.21%. Elsewhere, the Nikkei 225 in Japan slipped 0.98% to shut at 23,795.44 whereas the Topix index additionally shed 0.78% to finish its buying and selling day […]
Hong Kong leads losses among major markets following Moody’s downgrade
The Hang Seng index within the embattled metropolis fell 2.29% by the afternoon, with shares of life insurer AIA plunging past 3%. The strikes got here following the rankings downgrade from Moody’s on Monday, the place the company additionally modified its outlook for Hong Kong to steady from destructive. The metropolis has been stricken […]
Shares of China drugmakers rise amid pneumonia concerns
Shares of Chinese drugmakers and face mask-makers surged on Monday morning amid rising considerations over an outbreak of coronavirus spreading to extra cities within the nation. Jiangsu Sihuan Bioengineering, Shandong Lukang Pharmaceutical and Shenzhen Neptunus Bioengineering all noticed their shares surge by about 10%, their day by day motion restrict. Meanwhile, shares of face […]
US-China phase one deal brings some relief, but uncertainty remains
A partial trade deal signed by the U.S. and China gives some relief to the market but doesn’t remove uncertainty, analysts said. “There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of […]
US-China phase one trade deal may not hold, tariffs could return: Expert
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Nicolas Asfouri | AFP | Getty Images China could face difficulties fulfilling its commitment in the so-called phase one trade deal with the U.S., allowing President Donald Trump to […]
Fed could cut rates 3 times as tariffs drag down US growth: UBS
Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]
China December 2019 trade, imports, exports
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop […]
Standard Chartered CEO on US-China trade war, Hong Kong protests, Iran risks
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday […]
