Stock Market

Alibaba confirms US$13 billion Hong Kong listing

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a US$13 billion vote of confidence in the turbulent city's markets and a step forward in its plans to go global.The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub's image for order and security and hammered its stock market.Alibaba will offer 500 million shares at a maximum o

15 November 2019
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Stocks climb in Asia on tariff deadline day

Asian shares climbed and United States (US) equity futures fluctuated as investors prepared for news on pivotal US-China trade talks, with tariff hikes set to kick in today. The yuan remains near its weakest since January.The Shanghai Composite opened up more than one percent, clawing back some of this week’s plunge.

10 May 2019
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Upbeat forecasts for ASEAN stocks

With an improving global macroeconomic backdrop and relatively cheap valuations after a torrid 2018, the omens are looking better for Southeast Asian stocks next year.A likely pause in the Federal Reserve’s tightening cycle is already easing pressure on regional currencies, while lower oil prices are a boon for most markets.

17 December 2018
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Indonesia's worst route since 2013 ignites age-old debate

Indonesia’s worst equity rout in five years has got strategists asking the usual question after a slump: Are stocks cheap enough to buy?For Jahanzeb Naseer, the head of Indonesia research at Credit Suisse Group AG, investors should selectively pick shares now that the benchmark gauge is near at its lowest level since October. Foreign investor outflows have reached 1 percent of the market’s value, a past indicator that selling may taper, he said.

29 April 2018
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Asian stocks fall ahead of Central Bank meetings

Most Asian equities fell as traders await US and European central bank meetings this week for further clues on the 2018 policy outlook. The dollar was steady and oil extended gains above $58 a barrel.The Nikkei 225 Stock Average retreated from a 26-year high, and Hong Kong and Chinese shares slipped, after US stock indexes hit fresh highs overnight. Most major American gauges advanced, led by more than 1 percent increases in media, telephone and technology-hardware shares.

12 December 2017
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Asian markets on course for broad gains after volatile week

Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into Russia's US election meddling, stumbling Brexit talks and President Trump's recognition of Jerusalem as Israel's capital.The issues

8 December 2017
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Stocks seen climbing in Asia after US rally

Asian stocks were poised to rise following a broad-based rally in US equities and as a weaker yen looked set to buoy Japanese shares. The pound jumped on speculation that Ireland and Britain were close to a Brexit deal.Futures for stock markets in Tokyo, Sydney and Hong Kong climbed. The S&P 500 Index ended a four-day losing streak, with industrial and consumer discretionary shares among the best performers.

8 December 2017
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Asian stocks tumble amid broad sell-off, Yen gains

Asian stocks are poised for the longest losing streak in two years as the technology, mining, consumer and industrial sectors led declines. Japan equities fell sharply, as did Hong Kong’s Hang Seng Index. The Australian dollar and bond yields tumbled as traders dialed back expectations for higher interest rates after growth missed estimates.The MSCI Asia Pacific Index is set to fall for eight days, making it the longest run of losses since 2015.

6 December 2017
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Indonesia's exchange woos millennials with shows, competitions

Indonesia’s stock exchange is having trouble luring retail investors. Their solution? Target the millennials.While the participation of individual investors in Indonesia is low compared with other Asian countries, those aged between 21 and 30 account for 26 percent, the biggest share of any age group, according to data from Indonesia Central Securities Deposit.

6 December 2017
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Singapore’s stocks haven’t lured this much cash in a decade

Singapore’s stock market is finally getting some love again.With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.The city-state’s equity funds received some two billion dollars in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global.

10 November 2017
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Singapore seafood hawkers to go head-to-head in stock market

Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as 95 million dollars.

9 November 2017
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Singapore Exchange chief bullish on bourse's Aramco IPO chances

Singapore Exchange’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.“We’re as good as any other exchange,” Loh Boon Chye said in a Bloomberg Television interview in Riyadh, Saudi Arabia.

27 October 2017
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