China keeps benchmark lending rate unchanged

China keeps benchmark lending rate unchanged

Stock picks and investing trends from CNBC Pro: Hong Kong’s Hang Seng index dipped 0.43%. Shares of Alibaba shares in Hong Kong fell more than 2%, despite Reuters reporting Friday that China’s central bank has accepted Alibaba-affiliate Ant Group’s application to form a financial holding firm, reviving hopes for a potential public listing for Ant. … Read more

Hong Kong’s Hang Seng leads losses in Asia; oil prices drop close to 2%

Hong Kong’s Hang Seng leads losses in Asia;  oil prices drop close to 2%

SINGAPORE — Shares in Asia-Pacific declined in Thursday trade, with Australia’s April trade surplus coming in higher than expected. Hong Kong’s Hang Seng index led losses regionally as it declined 1.67%, with shares of Alibaba dropping more than 3%. In mainland China, the Shanghai Composite edged 0.11% higher while the Shenzhen Component gained 0.357%. “There … Read more

Asia-Pacific stocks rise ahead of major economic data this week

Asia-Pacific stocks rise ahead of major economic data this week

SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.74% in morning trade as shares of robot maker Fanuc jumped more than 3%. The Topix index traded 1.47% higher. Hong Kong’s Hang Seng index advanced … Read more

Trading the winners and losers from the dollar at two-year highs

Trading the winners and losers from the dollar at two-year highs

Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general,” “Fast Money” trader Guy Adami said on Tuesday. “A stronger dollar, as counterintuitive as it may be, is not good for … Read more

BOJ will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister

BOJ will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister

The Bank of Japan will be “alarmed” if the yen weakens beyond 130 per dollar, according to Japan’s former vice minister of finance for international affairs, Eisuke Sakakibara. The yen was trading at 123.77 per US dollar on Wednesday morning Asia. The Japanese currency fell more than 5% against the greenback in March, despite the … Read more

Asia stocks mixed as oil jumps; investors react to RBA rate decision

Asia stocks mixed as oil jumps;  investors react to RBA rate decision

SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade, while the Reserve Bank of Australia kept its cash rate target unchanged. In Japan, the Nikkei 225 climbed 0.12% while the Topix index shed 0.29%. South Korea’s Kospi edged 0.1% lower. Elsewhere, Australia stocks rose as the S&P/ASX 200 advanced 0.26%. In Southeast Asia, Singapore’s … Read more