SINGAPORE, March 30 (Reuters) – Asia’s stock markets held recent gains on Thursday, as fears of a banking crisis receded and investors weighed whether a break-up of Chinese conglomerate Alibaba signals Beijing’s regulatory storm aimed at tech companies might finally be clearing. MSCI’s index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.2%. Like the S&P … Read more
SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group (9988.HK) said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses … Read more
MSCI All-World index rises 0.3%, dollar eases UBS rehires Ermotti to head merged unit Alibaba soars 13%, lifts other Chinese tech stocks Oil rises, gold dips LONDON, March 29 (Reuters) – Global shares rose on Wednesday as investors took heart from a greater degree of stability in the banking sector, but the sense of optimism … Read more
HONG KONG, March 28 (Reuters) – Global stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.6% by early … Read more
Asian stock markets : Nikkei up 0.3%, S&P 500 and European futures rise Eyes on Deutsche Bank, credit default swaps Deposits flow to money market funds from banks SYDNEY, March 27 (Reuters) – Asian shares struggled on Monday while U.S. and European stock futures edged higher on hopes authorities were working to ring fence stress … Read more
March 20 (Reuters) – U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay … Read more
SINGAPORE, March 20 (Reuters) – U.S. stock futures rose in Asian trade on Monday in relief at a weekend rescue deal for Credit Suisse, though the mood was nervous and financial shares remained under pressure from contagion fears, even with support from global central banks. S&P 500 futures rose 0.5% in bumpy early trade. Japan’s … Read more
Asian stock markets: ECB delivered 50bp hike as promised, dropped forward guidance Credit Suisse shares rebounded 20% after SNB support First Republic Bank gets $30 bln injection, worries linger Fed data showed banks sought record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally on Wall Street on Friday to end … Read more