Currencies, oil, Wall Street, stock debut

SINGAPORE — Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($2.92) in its stock market debut in the city. The … Read more

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Asia-Pacific markets mixed as investor sentiment remains fragile

In our view, the risks around a recession in 2023 can’t be ignored. Kerry Craig Global Market Strategist, JP Morgan Asset Management Japan’s Nikkei 225 rose 0.4% on the day to 26,431.20 while the Topix was up 0.64% to 1,867.81. Shares of Fast Retailing were up 1.44% while robot maker Fanuc saw its stock climb … Read more

Private survey on Chinese services sector activity in May released

SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade, as a private survey showed another contraction in China’s service sector activity for May. Chinese stocks led gains among the region’s major markets, with the Shanghai Composite up 1.05% while the Shenzhen Component surged 2.521%. Hong Kong’s Hang Seng index advanced 1.09%. China’s Caixin Services … Read more