Shanghai

Technology stocks decline in Hong Kong, Asia markets

SINGAPORE – Hong Kong’s Hang Seng Index fell nearly 2% on Friday as technology stocks came under pressure. The benchmark index fell 2.3%, while the Hang Seng Tech index was down 4.25%. Heavyweights Alibaba and Mituan Hang Seng fell 5.8% and 5.21%, respectively. Alibaba is on track for its third consecutive session of losses after …

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Asia Pacific markets mostly higher after the Fed raised interest rates

The immediate priority is to control inflation. Mainland China markets rose. The Shanghai Composite rose 0.23% to 3,283.14 while the Shenzhen Component rose 0.23% to 12,428.72. Japan’s Nikkei 225 rose 0.36% to 27815.48, while Topix rose 0.16% to 1948.85. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%. Fed Rise The rate hike takes …

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Real estate stocks decline in Hong Kong, inflation rises in Australia

SINGAPORE – Hong Kong real estate stocks fell as Asia-Pacific markets were mixed on Wednesday. Inflation is rising in Australia and investors are looking forward to the Federal Reserve’s policy decision. Country Garden Real Estate Co fell 15.05 percent after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 …

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Asian stocks follow Wall Street ahead of a possible US rate hike

Beijing (AFP) – Asian stock markets followed Wall Street lower on Wednesday as traders braced for the possibility of a sharp interest rate hike from the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo advanced. Oil prices were little changed, staying below $100 a barrel. Wall Street fell on Tuesday …

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