Factory activity data in China missed expectations. Asia Pacific markets are mostly higher

Factory activity in China came in below expectations, contracting for the second straight month Official manufacturing in China Purchasing Managers Index For the month of November it came in at 48, below the 50-point mark that separates growth from contraction. This is lower than the forecast of analysts polled by Reuters, who had expected a … Read more

Hong Kong shares rose nearly 4% ahead of China’s Covid briefing

Chinese indicators are emerging before the covid conference Indexes in China jumped more than 2% as investors closely watched developments in the country’s coronavirus policy after seeing losses in the previous session. China’s CSI 300 rose 2.97% in the morning session, while China’s CSI 300 rose Shanghai boat jumped 2.2%. The Shenzhen component The index … Read more

Asia-Pacific markets trade less; China keeps the LPR steady

Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake in the companies, according to individual regulatory filings. Berkshire increased its share by more … Read more

Meituan, Tencent, APEC leaders meet, Japanese trade, unemployment in Australia

NetEase backtracked after Blizzard announced it was suspending its Chinese game services Hong Kong shares listed netease decreased by 13% after Blizzard Entertainment, a subsidiary of Activision Blizzardhe said Suspension of gaming services in Chinaciting expired licensing agreements with NetEase. “We are incredibly grateful for the passion our Chinese community has shown over the nearly … Read more