A man walks past an electronic sign displaying stocks at Exchange Square in Hong Kong, China, on June 20, 2023.

Asian markets bounce from selloff as US jobs beat forecasts

Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

5 days ago

Markets

Asian markets tumble as tech bubble fears grow

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. ...

6 days ago

Markets

OPEC+ further hikes oil output

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production. ...

1 week ago

The Latest

A Japanese and a US flag are seen next to the Hiroshima Peace Memorial in Hiroshima, Japan, on May 27, 2016. The United States will ease tariffs on some steel imported from Japan, officials announced Monday.

Markets

US eases Trump-era tariffs on Japanese steel

The United States will ease tariffs on steel imported from Japan, officials announced Monday, but the deal does not resolve all the outstanding trade issues between the two countries.

3 years ago

Pedestrians and motorists walk past an arch in Chinatown district of Manila on Jan. 28, 2022, ahead of the Lunar New Year welcoming the Year of the Tiger.

Markets

Asian markets mixed as US jobs data ramps up rate-hike bets

Asian markets fluctuated in early trade on Monday as a forecast-busting US jobs report reinforced optimism that the world's top economy was well on the recovery track but also ramped up interest rate hike expectations.

3 years ago

Clean energy: A farmer removes dust from a solar panel installed in his field in the Karanganyar subdistrict of Indramayu, West Java, in November 2020. The solar cells generate power for lighting and a water pump.

Markets premium

Should I install solar panels at home?

Businesses and individuals are beginning to embrace photovoltaic systems, not least thanks to new rules passed this year.

3 years ago

Hundreds of people crowd a lane as they shop at the Mongkok Flower Market ahead of the Lunar New Year in Hong Kong, China, on Jan. 29, 2022.

Markets

Asian markets mostly rise as Hong Kong reopens, eyes on US jobs

Asian markets mostly rose Friday as a rally in Hong Kong on its first day back from a break helped overcome a sharp drop on Wall Street.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on Aug. 19, 2021.

Markets

Wall Street ends winning run as Facebook forecast halts tech-led recovery

Meta shares lost $200 billion off its market value on Thursday, the largest ever recorded by a United States (US) company in a single session.

3 years ago

Digital signs display stock market information in the Central district of Hong Kong, China, on Nov. 5, 2021.

Markets

Asian markets extend rally as optimism returns to trading floors

With much of the region still closed for the Lunar New Year break, business was again thin, though the markets that were open enjoyed strong buying interest following an upbeat performance in Europe and New York.

3 years ago

Markets

Google parent Alphabet nearly doubles annual profit

The tech giant benefited from an accelerated shift to online shopping, working and learning during the pandemic, a trend that also benefited fellow giants like Amazon and Facebook.

3 years ago

An oil refinery in Libya's northern town of Ras Lanuf is pictured on June 3, 2020. The 23 OPEC+ countries are expected to agree on a modest increase in output at a meeting on Feb. 2, 2022.

Markets

Top oil producers eye modest output boost as prices surge

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges.

3 years ago

Rolled Euro banknotes are placed on US Dollar banknotes in this illustration taken May 26, 2020.

Markets premium

Dollar near 18-month high ahead of bumper central bank week

This week will go far to define the psychology of the market for the next few months, said Westpac analysts.

3 years ago

A close-up shows the Marriner S. Eccles Federal Reserve building in Washington, DC, on Jan. 26, 2022, the day the Fed concluded its first policy meeting of the year.

Markets

Asian markets drop as Fed signals end of pandemic-era cheap cash

Equity markets tumbled in Asia on Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by Federal Reserve boss Jerome Powell who signaled the bank would begin lifting interest rates in March.

3 years ago

People wear protective masks as they walk past a panel displaying the Hang Seng Index during morning trading following the outbreak of COVID-19 in Hong Kong, China, on March 2, 2020.

Markets

Asian shares cautiously higher as investors await Fed policy update

Concerns that the Fed's expected interest rate hikes could hammer Asia's equities markets have dragged on MSCI's broadest index of Asia-Pacific shares.

3 years ago

Deputy Trade Minister Jerry Sambuaga speaks on Jan. 23, 2022 at an event in Bali hosted by the Tokocrypto crypto exchange.

Markets premium

Crypto transactions could triple in 2022: Trade Ministry

The ministry expects domestic crypto transactions to double or triple this year, when it plans to launch a national crypto exchange in the first quarter.

3 years ago

A man walks on a footbridge in the Minato district of Tokyo on Jan. 23, 2022.

Markets

Asia shares brace for hawkish Fed, Ukraine tensions

The Nikkei is off 0.6 percent, but Wall Street futures try to bounce as the Fed is expected to sound hawkish on March rate hike.

3 years ago

A visitor wearing protective face mask, following an outbreak of the coronavirus, walks past in front of an electric screen displaying Nikkei share average outside a brokerage in Tokyo, Japan March 2, 2020. REUTERS/Issei Kato

Markets

Asian markets fall after weak showing on Wall Street, oil tumbles

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8 percent.

3 years ago

The headquarters of the People's Bank of China (PBC or PBOC), the Chinese central bank, are pictured in Beijing on Aug. 7, 2011.

Markets

China cuts lending rates, boosting property firms

China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy, providing some much-needed support to the country's beleaguered developers.

3 years ago

Windmills from the Faroese power company SEV are pictured , in the Faroe Islands, Denmark, on Oct. 10, 2021. The Faroe Islands are known for its fishing and sheep farming as the main industries.

Markets

Denmark's first green bond sees strong demand

The country raised US$762 million to finance its energy transition.

3 years ago

Markets

Asia shares drop as Treasury yields hit fresh highs

MSCI's broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, trading down 0.1 percent in mid-morning trade after closing lower for four days straight.

3 years ago

Sufficient stock: Porters carry bags of rice at a warehouse run by the State Logistics Agency (Bulog) in Kelapa Gading, Jakarta, in this undated photograph.

Markets premium

Bulog says rice prices might rise until February

Agency cites the effect of low harvests at the end of last year among factors contributing to the price rise.

3 years ago

Markets

Bitcoin investors dig in for long haul in 'staggering' shift

Analysts have observed a similar shift towards bitcoin being held for longer period by investors.

3 years ago

Markets

Asian markets rise, Brent at highest since 2014 on recovery hope

Most Asian equities rallied Tuesday and Brent crude hit a more than seven-year high as optimism over the global recovery returned to trading floors, though concerns about the end of long-running central bank support tempered sentiment.

3 years ago

The Apollo Voyager crude oil tanker anchored in the Pacific Ocean off the coast near the Chevron El Segundo oil refinery on Nov. 16, 2021, as seen from Manhattan Beach, California, US.

Markets

Asia braces for China data, oil nears 2021 highs

Asian share markets got off to a cautious start on Monday as the US earnings season loomed large and a slew of Chinese economic data were expected to show the deadening effect of coronavirus restrictions on activity.

3 years ago

Top of the world: A housing complex sits on the roof of the Thamrin City shopping center in Jakarta in this undated photograph.

Markets premium

Property price hike impending in late 2022

Experts are optimistic for the property sector but warn developers and consumers of the rise in value added tax (VAT) and Bank Indonesia's (BI) interest rates.

3 years ago

Sheets of US$5 notes run through the automated printing process at the US Treasury's Bureau of Engraving and Printing in Washington, DC, on July 20, 2018.

Markets

Asian markets drop as era of cheap cash draws to a close

Asian markets retreated Tuesday as investors grew increasingly concerned about the Federal Reserve's plans to wind back its financial support measures and lift interest rates within months.

3 years ago

People gather on a quiet Sunday afternoon on the grounds outside the Central Government Complex in Hong Kong’s Admiralty district on Jan. 9, 2022.

Markets

Asian markets swing as traders weigh Fed tightening, inflation

Asian markets fluctuated Monday following another negative performance on Wall Street as US data showed fewer new jobs than expected were created last month but that wages saw a strong gain, keeping pressure on the Federal Reserve in its battle against inflation.

3 years ago

Three men chat as they sit on chairs on a sidewalk in Seoul on Nov. 4, 2021.

Markets

Asian shares rally as investors await US jobs data

Asian shares snapped two days of losses on Friday, climbing as investors waited to see whether US jobs data due later in the day would reinforce the need for faster US interest rate hikes.

3 years ago

Stuck on coal: Smokestacks belch noxious fumes into the air from the Suralaya coal-fired power plant in Cilegon, Banten on Sept. 21, 2018. Coal remains the backbone of Indonesia’s power generation.

Markets premium

Indonesian coal price retreats for second consecutive month

The Indonesian coal benchmark price was set at US$158.50 per ton for January, down 0.81 percent from a month earlier, as China started ramping up production.

3 years ago

People walk past stalls on a street in Tokyo on Oct. 5, 2021.

Markets

Asian shares fall after hawkish Fed minutes

Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in US interest rates due to concerns about persistent inflation.

3 years ago

One hundred dollar notes are seen in this photo illustration.

Markets

Dollar near five-year high as US yields surge

US Treasury yields surged on rising bets for a Federal Reserve rate hike by March.

3 years ago

Markets

Asian markets struggle with inflation, rates back in focus

Markets struggled in Asia on Wednesday following a tepid lead from Wall Street, with inflation and expected interest rate hikes returning to the key focus of concerns as Omicron fears fade for now.

3 years ago