Alibaba shares in Hong Kong climbed 4% at the stock market’s open on Tuesday. This came after regulators ordered the Ant Group to revamp its business. The Ant Group is Alibaba’s financial technology affiliate. That, along with an 18.23 billion yuan ($2.78 billion) fine, removed investors’ source of uncertainty. The e-commerce company received the fine …
Alibaba Shares up 2% as Beijing Orders Ant Group to Revamp Read More »
Alibaba CEO Daniel Zhang does not expect any material impact from the change of exclusivity arrangement. This was the CEO’s statement on Monday, referring to the arrangement imposed by China’s regulators. The Chinese regulators’ move came after an antitrust probe found the firm had abused its dominant market position. In an online conference for media …
Alibaba Might Lower Entry Barriers, Shares Rally Read More »
Asian equities will see a choppy session on Friday, with the S&P 500 hitting a record high. Technology stocks lifted the index even as investors assessed an unexpected rise in filing new claims for unemployment benefits. On Thursday, U.S. jobless claims report showed a second straight weekly increase in the number of Americans filing for …
Asia Shares Set for Choppy Trading, S&P 500 Hits Record High Read More »
European stock markets edged higher at the open on Thursday, with another record close on Wall Street. This also came after the Federal Reserve reaffirmed its commitment to an ultra-easy monetary policy. This tone was based on the release of the minutes from the U.S. central bank’s March meeting. The Federal Reserve has kept its …
Asian shares rose to three-week highs on Wednesday, with the markets looking towards the upcoming earnings season. Investors were seeking signs of a more solid global economic recovery. Meanwhile, the dollar fell to a two-week low. MSCI’s broadest index of Asia-Pacific shares outside of Japan added 0.3%. It was its second straight day of gains, …
Asian Shares Rise to Three-week Highs, Dollar Retreats Read More »
Technology and reopening stocks surged as signs of continued recovery were felt ahead of the quarterly earnings season. The S&P 500 and Dow were at record highs at the close on Monday. The S&P 500 added 1.41%, ending the day at a closing high of 4,076.72. The Dow Jones Industrial Average gained 1.13%, or 373 …
Tech, Reopening Stocks Surge on Signs of Economic Recovery Read More »
U.S. stock futures shot up Sunday due to a positive federal jobs report on Friday. The report smashed expectations as 916,000 was added in March. The U.S. unemployment rate fell to 6% from 6.2%. In March, job growth was widespread, the Labor Department report showed. Gains in leisure and hospitality, public and private education, as …
U.S. Stock Futures Soar Higher amid Strong Jobs Report Read More »
Markets in Japan and mainland China rose on Friday after Wall Street made another record day. Most of the other global markets were closed for the Good Friday holiday. The S&P 500 index SPX, +1.18%, ended over 4,000 for the first time on Thursday. The Dow Jones Industrial Average +0.52% and the Nasdaq Composite +1.76% …
Japan, China Stocks Up; Most Markets Closed for Holiday Read More »
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