Asia Stocks Rise Higher Since 2020 as China Eases Some Covid Rules
Asia’s stock benchmark rose to the highest since March 2020 as China’s move to ease some Covid rules supercharged a rally triggered by weaker US inflation. The MSCI Asia Pacific index rose as much as 4.6%, also on track for its best weekly gain since March 2020. Hong Kong’s benchmark index rose more than 7% […]
Asian Unicorns Trade 40% Cheaper on Private Markets
Asia’s best-known startups are trading 40% cheaper than six months ago in private transactions amid a defeat triggered by headwinds from Chinese regulation and a global economic slowdown. The multibillion-dollar companies affected range from financial technology and e-commerce to mobility and the consumer, according to AJ Patel, a senior member of the second venture capital […]
Asia’s inflation buffers weaken
Today we look at how Asia’s anti-inflationary defenses are weakening. What big central banks are doing this week? And how are global imbalances widening? The worst to come Many Asian economies have managed to protect their citizens. The protection is from rising energy and food prices that are sweeping the global economy. The global economy […]
Asian markets mostly lower ahead of the US holiday
Asian markets were mostly lower in cautious trading on Monday ahead of a federal holiday in the United States. It Concerns inflation and the risks of a global recession of the central bank’s efforts to rein in it. It appeared to outweigh Wall Street’s positive close on Friday. Stocks fell in most major markets but […]