Hong Kong shares rose 3% as technology stocks advanced; Chinese activity data disappointing

Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent … Read more

Stocks rally ahead of RBA decision; Caixin PMI less than 50

The Reserve Bank of Australia raised interest rates by 25 basis points, as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average forecast of analysts in a Reuters poll. This is the seventh consecutive tightening move by the Reserve Bank of Australia in an … Read more

Markets in China stabilized as Asian markets slumped; yen at 150 . levels

CNBC Pro: Goldman Sachs Says These Stocks Could Increasingly Survive a Possible Recession “The overall picture is arguably more challenging than it has been for some time,” says Goldman Sachs, who favors an iron strategy for recession swings. The bank has named several stocks rated as a buy that it believes could do well against … Read more

Asia Pacific markets mixed, Hong Kong real estate stocks rose before John Lee’s speech

Hong Kong real estate shares soar ahead of annual policy speech Shares of Hong Kong-listed real estate companies rose in morning trading ahead of Chief Executive John Lee’s speech. Chinese overseas land and investment increased by 5% CK . origin 2.75% profit and Sino Land Added 2.5%. country garden It also added 4.26% before Lee’s … Read more

The movement of the Asia-Pacific markets was mixed after the decline in US stocks

Mizuho: OPEC+ production cut confirms ‘explicit desire for price recovery’ The decision of OPEC and its allies Production cut by 2 million barrels per day Vishnu Varathan, head of economics and strategy at Mizuho Bank, stresses the group’s explicit desire for a price recovery, not just support. He wrote that a supply cut of around … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

Chinese yuan at weakest level since 2008, dollar index strengthens The offshore and inbound Chinese yuan has breached 7.2 against the dollar, hovering at its weakest level since early 2008. The US dollar index also strengthened 0.33% to trade at 114.47. Japan Consumer Inflation May Fall in 2023: Bank of Japan Meeting Minutes Consumer inflation … Read more