Stock News

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 …

Asian Stocks Down Over Disappointing Coinbase Listing Read More »

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 …

Asian Stocks Rise, but Investors’ Eyes Remain on Inflation Read More »

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 »