March 30 (Reuters) – E-commerce company JD.com Inc (9618.HK) plans to divest its real estate and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion dollars each, two people with direct knowledge said Friday. The plan marks the latest overhaul of China’s tech sector after a sweeping regulatory … Read more
TOKYO, March 31 (Reuters) – Japan said on Friday it would restrict exports of 23 types of semiconductor manufacturing equipment, aligning its trade controls on the technology with U.S. pressure to limit China’s capacity to manufacture advanced chips. Japan, home to the world’s major chip-equipment makers such as Nikon Corp (7731.T) and Tokyo Electron Ltd … Read more
NEW YORK, Sept 29 (Reuters) – A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, which could increase equity volatility at the end of a dismal quarter for stocks. Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly market reset and see it as … Read more
Weekly jobless claims rise last week Faraday Future is ready to start production of luxury electric vehicles Roku wins on plans to cut 200 jobs Futures up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – U.S. stocks were expected to open higher on Thursday as fears of a banking crisis subsided, while investors’ … Read more
SINGAPORE, March 30 (Reuters) – Asian stock markets posted recent gains on Thursday as fears of a banking crisis faded and investors wondered if a breakout in Chinese conglomerate Alibaba signaled a regulatory storm in Beijing targeting tech companies may finally wear off. The MSCI Asia Pacific ex-Japan equity index (.MIAPJ0000PUS) rose 0.2%. Like the … Read more
MSCI All-World Index rises 0.3%, dollar eases UBS rehires Ermotti as head of merged unit Alibaba soars 13%, boosts other Chinese tech stocks Oil goes up, gold goes down LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors welcomed greater stability in the banking sector, but optimism was not strong enough to … Read more
March 29 (Reuters) – Shares of Alibaba Group (9988.HK) and other big Chinese tech companies surged on Wednesday as investors cheered an unprecedented overhaul of the company founded by Jack Ma, announcing the start of an end to Beijing’s crackdown on the sector. Alibaba said on Tuesday it plans to split into six units and … Read more
HONG KONG, March 28 (Reuters) – Global stocks and U.S. bond yields rose on Tuesday as a U.S. regulator-backed deal by First Citizens BancShares to buy bankrupt Silicon Valley Bank eased concerns over problems of the sector. MSCI’s broadest non-Japan Asia-Pacific equity index (.MIAPJ0000PUS) edged up 0.3% in early morning Hong Kong time. US equity … Read more
A preview of the day ahead in Wayne Cole’s European and global markets Monday so far has been quiet with mixed Asian stock markets but US and European stock futures rising, possibly because they sailed through a weekend without another bank s collapses. There is some relief that First Citizens BancShares Inc (FCNCA.O) is in … Read more
Asian scholarships: Nikkei up 0.3%, S&P 500 and European futures up Eyes on Deutsche Bank, credit default swaps Deposits are paid into money market funds by banks SYDNEY, March 27 (Reuters) – Asian stocks struggled on Monday as U.S. and European stock futures edged higher on hopes authorities were working to ease strains in the … Read more
