China’s Markets Fall as Covid Protests Make Investors Nervous
Chinese assets plunged on Monday as a sense of chaos and uncertainty gripped traders after growing protests against Covid restrictions complicated the nation’s path to reopening. The Hang Seng China Enterprises Index fell more than 2% in afternoon trading, with technology and real estate stocks leading the decline. The onshore Yuan weakened 0.6% against the […]
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% […]
Global Stocks Fall Extends to Asia After the US CPI
Asian stocks, bonds, and currencies fell in the wake of the widespread sell-off on Wall Street after warmer-than-expected inflation data fueled bets on jumbo interest rate hikes by the Federal Reserve. Stock indexes in Japan, Hong Kong, and Australia plunged after U.S. stocks had their biggest drop in more than two years, with the S&P […]