On Tuesday, Kaisa Prosperity, a unit of Chinese embattled developer Kaisa, sank as it resumed trading in the Hong Kong stock exchange. Accordingly, the property services arm tumbled 12.85% or 0.25 points to $1.68 per share after its halted trading on November 5. At the same time, Kaisa Capital, the investment segment, slumped 13.04% or …
Kaisa Prosperity Stocks Slip as it Resumes Trading Read More »
On Monday, mainland Chinese stocks edged lower after the recent economic data surpassed the market estimates. The benchmark Shanghai Composite tumbled 0.29% or 10.22 points to $3,528.88 per share. At the bottom of the index, Guangdong Hec Technology sharply declined 10.03% or 0.17 points to $1.49 per share. Similarly, China Kings Resources Group plummeted 9.99% …
Chinese Stocks Skid Despite Upbeat Economic Data Read More »
On Friday, Asia-Pacific stocks mostly edged up as technology shares rose, led by the surge of JD.com following the Singles’ Day shopping event. Accordingly, the Hong Kong-listed shares of the e-commerce giant amplified by 4.91% or 1.98 points to $42.19 per share. Conversely, its rival Alibaba shed 0.74% or 0.15 points to $20.79 per share. …
Asia-Pacific Stocks Advance; JD.com Shares Surge Read More »
On Thursday, US stock futures slightly advanced in the trading market amid the soaring American inflation data. Accordingly, the Dow futures slightly rose 0.02% or 7.00 points to $35,999.00 per share. Similarly, the contracts in the S&P 500 advanced 0.15% or 7.00 points to $4,649.00 per share. At the same time, the Nasdaq futures elevated …
US Stock Futures Inch Up Amid Hot Inflation Data Read More »
On Wednesday, European stocks struggled for direction as investors kept an eye close to the release of the US consumer price index (CPI) today. The American key inflation reading is expected to hike 0.60% from its prior month, about a 6.00% year-over-year gain. Moreover, economists forecasted the core CPI, the Fed’s preferred measure of inflation, …
On Tuesday, stocks of Softbank Group Corp. surged after it announced to buy back up to $8.80 billion worth of its shares. The Tokyo-based company soared 10.00% or 5.46 points to $60.06 per share, the biggest gain in two months. At the same, it reversed its decline of 0.77% to $54.60 yesterday. Accordingly, the current …
Softbank Stocks Surge on Plans for Shares Buyback Read More »
On Monday, Asia-Pacific stocks struggled for direction as investors reacted to the Chinese trade data released last Saturday. Accordingly, China’s exports surged to 27.10% from a year ago in October, surpassing the market estimate of 24.10%. Consequently, its imports posted at 20.60%, lower than the projected 25.00%. Overall, the trade balance stood at $84.54 billion, …
Asia-Pacific Stocks Mixed; Chinese Trade Data in Focus Read More »
Stocks of Novavax Inc. rebounded in after-hours trading after it reported its third-quarter earnings results. Accordingly, the biotech company surged 6.46% or 11.59 points to $191.00 per share. It also reversed its sharp plunge of 8.09% or 15.79 points to $179.41 per share on Thursday. In the latest quarterly report, Novavax revenue edged up 14.00% …
Novavax Stocks Rebound after Reporting Q3 Earnings Results Read More »
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