Posts by Yurie Miyazawa
Hong Kong, Taiwan markets drop as Asia-Pacific markets fall on Trump tariff fears
ASIAN markets fell at the open on Monday (Feb 3) after US President Donald Trump announced tariffs on goods from China, Canada and Mexico over the weekend. As at 10 am on Monday, Hong Kong’s Hang Seng Index fell 1.7 per cent, Australia’s ASX 200 fell 1.6 per cent, Japan’s Nikkei 225 traded 2.1 per…
Read MoreTaiwan leads Asia-wide stock tumble as Trump wields tariff weapon; STI sheds 1.5% before recovering
ASIAN markets fell at the open on Monday (Feb 3) after US President Donald Trump announced tariffs on goods from China, Canada and Mexico over the weekend. As at 10 am on Monday, Hong Kong’s Hang Seng Index fell 1.7 per cent, Australia’s ASX 200 fell 1.6 per cent, Japan’s Nikkei 225 traded 2.1 per…
Read MoreTrump tariffs set to heighten volatility amid uncertainty over their extent and duration: analysts
UNCERTAINTY over how long trade tensions will last and the risk of tariffs on other economies could heighten market volatility in the near term, said analysts, after US President Donald Trump made good on his tariff threat. On Saturday (Feb 1) in the US, Trump ordered 25 per cent tariffs on Canadian and Mexican imports…
Read MoreSoftBank, OpenAI unveil Japan AI joint venture
SoftBank Group CEO Masayoshi Son said on Monday (Feb 3) he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate customers. The Japanese investment giant will also pay US$3 billion annually to use OpenAI’s technology across SoftBank group companies. The joint venture,…
Read MoreHong Kong-listed China stocks brace for Trump tariffs’ impact
CHINESE stocks listed in Hong Kong will come under renewed pressure when they resume trading Bloomberg following a three-session break, after US President Donald Trump fired the first salvo of his tariff war. Fears of rising levies had already helped push the MSCI China Index into a bear market last month. On Saturday, Trump ordered…
Read MoreBarrenjoey opens Hong Kong office as Australian firm expands
BARRENJOEY has added a Hong Kong office to its growing international footprint as the Australian financial services firm boosts its offering for clients in equity sales, research and trading. The new outpost brings Barrenjoey’s equity team closer to the firm’s Asian customer base, Head of Equities Chris Williams said on Monday (Feb 3). The company…
Read MoreEU to make Temu, Shein and Amazon liable for ‘unsafe’ goods: FT
THE European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, the Financial Times (FT) reported on Saturday (Feb 1). Customs reforms would oblige online platforms to provide data before goods arrive in the EU, allowing officials to better control and inspect…
Read MoreCocoa prices swing as supply worries persist
THE cocoa industry is currently navigating a complex landscape marked by fluctuating prices, supply challenges, and evolving market dynamics. Recent developments have significantly influenced both current market conditions and future projections. The past year, cocoa prices surged nearly threefold, reaching about US$12,000 per tonne, an unprecedented rise driven by adverse weather conditions, crop diseases, and…
Read MorePrivate markets to draw more investor interest this year: survey
This follows the Fed’s move to start cutting interest rates last September, prompting some investors to shift their allocations away from equities MORE investment advisers are planning to allocate their clients’ assets in private markets this year, after a solid performance in 2024 whipped up appetite. Hamilton Lane, a global private markets investment management firm,…
Read MoreExxon, Chevron succumb to oil-refining slump as tariffs loom
PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers threatens to make the refining business even worse. Exxon posted a 67 per cent plunge in 2024 refining profits on Friday (Jan 31), and Chevron disclosed an even larger decline of 72…
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