TOKYO—Asian shares were mixed Thursday after a worrisome report on U.S. inflation that slammed into the bond market and knocked stocks lower on Wall Street. In Japan, where investors are awaiting an economic stimulus package from newly elected Prime Minister Fumio Kishida, the benchmark Nikkei 225 climbed 0.5 percent to 29,255.02. Australia’s S&P/ASX 200 fell…
Asian Shares Mixed After US Inflation Report
Asian Markets Lower After Wall Street Record, China Trade Growth
BEIJING—Global stock markets and Wall Street futures declined Monday after stronger U.S. hiring and a double-digit rise in Chinese exports. London and Frankfurt opened lower. Tokyo, Hong Kong, and Sydney declined while Shanghai advanced. U.S. employers hired more people than expected in October, according to government data released on Friday. China’s October exports rose 27.1…
Wall Street Rally, Japan Election Drive Asian Shares Higher
Stocks advanced in Asia on Monday, with Tokyo’s benchmark up 2.2 percent after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday. Shares rose in all regional markets except Hong Kong. The regional gains followed further milestones on Wall Street, where the three major indexes set records. The S&P 500…
Asian Stocks Fall After Australia Inflation Accelerates
BEIJING—Asian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week. Shanghai, Tokyo, and Hong Kong all retreated. Wall Street’s S&P 500 index rose 0.2 percent on Tuesday to its second high in two days, driven by…
British-Asian Clan With 15 Albinos Might Be the World’s Biggest Family With the Condition
A British-Asian family with 15 albino members who say their condition has brought them together are applying to be formally recognized as the world’s biggest albino family. Pakistani-born Aslam Parvez, 64, and his wife, Shameem, 65, of England, both have white skin due to albinism—and so do all their six children, and some of their siblings,…
Valuations of Asian Stocks Slip to a 16-Month Low
Valuations of Asian equities hit a 16-month low at the end of September, as concerns over an economic slowdown in China and growing expectations of monetary policy tightening by major central banks dragged down equity markets. The MSCI Asia-Pacific index fell 2.3 percent last month and its forward 12-month P/E ratio was 14.6 at the…
Dollar Strength Holds Back Asian FX; Rupee Bears Re-emerge: Poll
Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation, and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan’s dollar, and the Indian rupee were reversed, while bearish views on the South…
Asian Shares Perk up but Evergrande Jitters Keep Investors on Edge
HONG KONG—Asian shares made cautious gains on Thursday, supported by some positive news from cash-strapped developer China Evergrande Group, while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight. However, nerves were still frayed about Evergrande’s future and the country’s property sector as a whole, with a…
Asian Stocks’ Relative Valuations to Global Peers at 14-month Low
The relative price valuations of Asian equities compared with their global peers are at a near 14-month low, data showed, after their lacklustre performance due to worries over slowing growth and the spread of the Delta-variant of coronavirus this year. According to Refinitiv data, the MSCI Asia-Pacific index’s forward 12-month P/E ratio stood at 14.9…
Asian Shares Stem Recent Losses, Attention on CenBank Tapering
HONG KONG—Asian shares rallied on Friday after two days of losses, but were still in a nervous mood as global investors grapple with how best to interpret central banks’ cautious moves to end stimulus, which also left currency markets quiet. MSCI’s broadest index of Asia-Pacific shares outside Japan, gained 0.47 percent in early trading, but…
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