Stocks of blacklisted Chinese tech companies fall Shares of Chinese technology companies listed on mainland exchanges fell in Asia trade after the U.S. government announced a list of companies that will face restrictions over their efforts to help modernize China’s military. Chinese artificial intelligence developer Cambricon Technologies’ shares listed in …
Read More »Asia-Pacific markets trade lower as recession fears grow
Japan’s December factory activity sees lowest since Oct. 2020 The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index fell to a seasonally adjusted 48.8 in December from a final 49.0 in the month of November, marking the lowest reading since October 2020. “Manufacturing firms continued to struggle in the …
Read More »Asia-Pacific markets trade lower after Fed’s rate hike, signals more ahead
Emerging markets outside of Asia will be hit by disinflation in 2023, says JPMorgan Emerging markets are expected to face very strong disinflation in the first quarter of 2023 with the exception of Asia, said JPMorgan’s chief emerging markets economist Jahangir Aziz. Asia, however, will not be seeing disinflation as …
Read More »Hong Kong stocks fall nearly 2%, leading losses in Asia after Fed’s rate hike, signals more next year
China’s November retail sales see significant miss China’s industrial production for November grew 2.2%, after seeing a growth of 5% in October, according to official data. That’s lower than expectations for growth of 3.6% in a Reuters survey. Retail sales fell 5.9% on an annualized basis, further than expectations of …
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