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Asian stock

Asian Shares Mixed, Digesting U.S. Economic and China Data

Asia Pacific stocks were mixed on Friday morning. Investors assessed the latest economic data from both the U.S. and China. Economic data which were released earlier in the day were also mixed. The GDP for Q1 rose 18.3% and 0.6% year-on-year and quarter-on-quarter, respectively, in March.  They were lower than forecasted, with economic growth rising …

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Asia stock

Asian Stocks Down Over Disappointing Coinbase Listing

Asia Pacific stocks mostly dipped on Thursday morning as U.S. shares closed below record highs. This came after investors saw cryptocurrency exchange Coinbase Global Inc.’s uneven Nasdaq debut. Coinbase soared above a $112 billion valuation earlier in its debut on Wednesday before slipping back below its opening price. Its peer cryptocurrency Bitcoin also retreated from …

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Asia stock

Asian Stocks Rise, but Investors’ Eyes Remain on Inflation

Asia Pacific stocks mostly rose on Wednesday morning, as investors ignored a higher-than-expected increase in U.S. inflation. Markets were focusing on the global economic recovery from the pandemic. A selloff in China Huarong Asset Management Co. Ltd., one of the country’s largest distressed debt managers, is being monitored by credit markets. The selloff stirred up …

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Alibaba

Alibaba Shares up 2% as Beijing Orders Ant Group to Revamp

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 …

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