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Samsung Takes Lead In Hong Kong's Crypto Market With Upcoming Bitcoin Futures ETF
Thursday, January 12, 2023 - 11:09am | 433Samsung Asset Management Hong Kong, a division of the South Korean technology giant, is planning to introduce a new Bitcoin (CRYPTO: BTC) futures ETF on Jan 13. The ETF, named "Samsung Bitcoin Futures Active ETF," aims to provide investors with similar returns as investing in the spot...
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Most Asian Markets Slip, Japan Sees Buying After 3-Day Weekend
Tuesday, July 19, 2022 - 2:31am | 501The majority of the Asia-Pacific markets traded lower on Tuesday morning except for the Nikkei, which opened marginally higher at 0.76% following a holiday on Monday. Investors are eyeing corporate earnings and oil prices. Indices Movement Shanghai Composite -0.55% Shenzen Component -...
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Asian Stocks, US Futures Retreat As Investors Fear Worsening China Relations
Monday, May 4, 2020 - 1:59am | 396Asian stocks fell along with U.S. futures indicating the trend of stock declines at the beginning of the month may continue. Asian Stocks Decline Stocks declined in Asia with the Hang Seng Index in Hong Kong falling 3.72% and Seoul’s Kospi declining 1.92%. Investors feared increasing tensions...
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IMF Warns Asia Won't See Economic Growth For The First Time Since 1960s
Thursday, April 16, 2020 - 5:34am | 358The International Monetary Fund on Wednesday forecasted that Asia wouldn't see any economic growth in the financial year 2020. What Happened The global monetary cooperation organization said that Asia "is not immune" from the financial impact of the novel coronavirus (COVID-19)...
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Asia Market Wrap: Japan Shares Tank On Year's Last Day Of Trading, Chinese Shares Surge
Monday, December 30, 2019 - 2:42am | 337Shares across Asia Pacific traded in a mix on Monday, with the lack of a major catalyst driving the entire market, even as the markets in the U.S. closed on record highs on Friday. Stock Market Chinese stocks made sharp gains in trade by lunchtime after opening poorly. Shanghai Composite was up 0....
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Asian Markets Slide As Trump Impeached, Japan Keeps Interest Rates, Trade Deal Murky
Thursday, December 19, 2019 - 1:21am | 409Markets in Asia-Pacific slipped on Wednesday after initial optimism over the announcement of the phase one of the US-China trade deal last week. What Happened The focus from the trade deal moved to the impeachment of the U.S. President Donald Trump by the House of Representatives. Trump became the...
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Asia Markets, US Futures Continue To Surge On Trade Deal Optimism
Tuesday, December 17, 2019 - 7:01am | 306Markets in Asia Pacific and U.S. Futures continued to see growth on Tuesday in the aftermath of the announcement of phase one of the trade deal between the U.S. and China. What Happened The two countries said that they reached an agreement over the long-standing trade war on Friday. When the...
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Asia Market Wrap: Stocks Mixed, Yuan Falls As US, China Reach Trade Deal
Monday, December 16, 2019 - 4:40am | 401Stock Markets in Asia remained mixed in trading on Monday, even as the U.S. and China confirmed phase one of their trade deal on Friday. What Happened U.S. Trade Representative Robert Lighthizer on Sunday told CNBC the trade deal between the two countries is "totally done" and will...
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Markets In Asia Surge As US-China Agree On Trade, Johnson Wins UK Election
Friday, December 13, 2019 - 4:06am | 267Markets in Asia made record gains on Friday, as some of the causes of market volatility in recent months seem to be clearing out. What Happened The U.S. and China have to come to an agreement on phase one of their trade deal, the Wall Street Journal reported on Thursday. As part of the deal,...
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Markets In Asia Down Over Trump's Comments And House Bill
Wednesday, December 4, 2019 - 2:26am | 385Markets in Asia were down on Wednesday over a series of events suggesting that the U.S.-China relations could worsen further. What Happened President Donald Trump said on Tuesday that the “phase one” of the trade deal between the U.S. and China may not come until the presidential...
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Markets Across Asia Pacific Rise Amid US-China Good News
Monday, October 28, 2019 - 2:02am | 422Markets across Asia Pacific — especially in China — opened on a positive note on Monday as the U.S. and China trade talks show progress. The two countries “almost finalized” parts of their Phase One trade deal, the U.S. Trade Representative’s office and China...
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South Korean Economy Slows Down
Thursday, October 24, 2019 - 1:31am | 388The third-quarter growth of the South Korean economy came in below expectations, the Bank of Korea's advance estimates revealed on Thursday. What Happened South Korea, the fourth-largest economy in Asia, saw its gross domestic product grow by 0.4% in the July to September quarter. A poll of 26...
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#PreMarket Primer: Tuesday, November 11: China Announces Plans To Open Investment To Foreigners
Tuesday, November 11, 2014 - 7:50am | 1345On Monday, Chinese officials detailed their plans to open the nation’s stock markets to international investors, giving Asian stocks a lift and investors a new pool of companies to examine. On November 17, investors will have the opportunity to invest in $2 trillion worth of companies via...
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3 Stocks to Profit from Increasing Motor Traffic in Asia
Tuesday, November 26, 2013 - 5:15pm | 446In its recent report, "World Energy Outlook," the International Energy Agency predicted the biggest increase in motor vehicle traffic would be from trucks. That projection is a result of more motor traffic expected in Asia, in the decades ahead. Three publicly-traded companies that should...
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Market Wrap For November 18: Markets Hit New Highs Before Carl Icahn Comments
Monday, November 18, 2013 - 5:53pm | 1763Asian markets set the tone for Monday's trading session with Hong Kong and Shanghai indices receiving a boost from China's reforms which will open up the country's financial sector and ease restrictions on investments. Europe followed suit with major indices inching higher. It was only...