Asian stocks were mostly negative on Tuesday as the Delta coronavirus variant spread in key markets and Chinese officials took aim at video game producers, once more rattling investor confidence in the mainland’s markets. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat in the afternoon session after opening in negative territory. Japan’s Nikkei .N225 was off 0.52% later on Tuesday. China’s blue chip index CSI300 .CSI300 opened down 0.80% but recovered some ground to be down 0.1%. Hong Kong’s Hang Seng Index .HSI fell 0.33% ...

Most Asian stock markets rose on Monday, with Philippine equities leading gains, tracking a rebound in Chinese shares, while currencies in the region weakened on rising COVID-19 cases. Philippine stocks .PSI jumped 2.8%, after having lost more than 3% in the previous session, while equities in Taiwan, Japan and China all rose more than 1%. “It is surprising that Asia-Pacific markets are doing this well given the absence of any major good news over the weekend,” Margaret Yang, a Singapore-based strategist at IG said. China shares .SSEC advanced as much ...

Government bonds enjoyed their biggest monthly rally in July since at least March 2020, driven by risks from the COVID-19 Delta variant and central bank assurances that a paring back of monetary support was still far off. Concerns that the economic recovery was not as strong as expected prompted an initial rally, amplified by those who had bet against bonds rushing back into the market, investors say. Central bankers remain supportive. U.S. Federal Reserve chairman Jerome Powell said on July 14 the U.S. job market “is still a ways off” ...

U.S. equity funds saw strong inflows in the week to July 28, bolstered by optimism over earnings and hopes for a faster economic recovery from the COVID-19 pandemic. U.S. equity funds attracted a net $8.03 billion, the biggest inflow in five weeks, data from Refinitiv Lipper showed. Equity funds’ inflows were heavily focused on exchange-traded funds, whose holdings rose by $10.9 billion. On the other hand, U.S. equity mutual funds faced outflows of $943 million, underscoring investors’ preference for passive funds in recent months. U.S. growth funds received $2.7 billion, ...

China’s banking and insurance watchdog said it would seek to stabilise the expectations of foreign investors by continuing with efforts to implement policies designed to expand their market access. Investors have spooked this year by a series of regulatory actions, often sudden, that have upended norms for companies in the tech, property and private tutoring sectors. The China Banking and Insurance Regulatory Commission (CBIRC) said it would fully implement planned measures aimed at ensuring overseas investors are treated no less favourably than their Chinese counterparts and which would cut the ...

Global shares tracked Asia lower on Friday but remain on course for their sixth straight month of gains as solid corporate earnings and central bank largesse keep sentiment intact, while the dollar held near a 1-month low. MSCI’s World index was down 0.3% in early European trading, leaving it broadly flat on the week, but up 1% for the month, just shy of a record high. Markets remain in a tussle, though, as a Chinese crackdown on its technology sector and surging cases of the Delta variant of coronoavirus in ...

Carnage in China’s financial markets signals the beginning of a new era, investors say, as the government puts socialism before shareholders and regulatory changes rip apart the old playbook. Stocks and sentiment have taken a drubbing as Communist Party rulers seek to remake the property, technology and education sectors to curb cost pressures and better serve ordinary people. The new model appears to place common prosperity, as President Xi Jinping has put it, ahead of helter-skelter growth, investors say. According to some analysts, it is the most significant philosophical shift ...

World share markets were back on the climb on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up Chinese stocks leap off the canvas. There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted overnight to move ahead on the $1.2 trillion deal, as well as it being a packed day of earnings and economic data. The rebound in China’s markets included a near 10% bounce in tech giant Tencent – its ...

Asian shares managed a modest bounce on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent rout in Chinese shares. There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted to move ahead on the $1.2 trillion deal. China’s markets edged higher amid reports regulators had called banks overnight to ease concerns about tighter rules on the education sector and on overseas ...

Asset managers St James’s Place, Rathbone and Man Group saw billions of pounds in inflows during the first half of the year, as household savings jumped during COVID-19 lockdowns, their results showed on Wednesday. Wealth managers have seen their fortunes turn around drastically as stimulus cheques and vaccinations reassured investors about the economic outlook following the first few months of last year when clients pulled out money. St. James’s Place (SJP) expects gross inflows to grow 20% in the second half of 2021, the money manager said, after attracting 5.5 ...

Shares of Chinese tech giants trading in the United States plunged Tuesday for a third-consecutive day amid intensifying concerns over China’s efforts to impose tighter regulations on its publicly traded companies, yielding market value losses of more than $140 billion for the 10 largest U.S.-listed Chinese stocks this week alone. KEY FACTS • As of 11:30 a.m. EDT, shares of ecommerce juggernaut Alibaba, the largest Chinese firm listed in the U.S., were among the hardest hit in the group, falling 5% Tuesday on the New York Stock Exchange and pushing ...

Greek government bond yields hit fresh lows on Wednesday as the promise of more central bank largesse in the face of a spreading Delta variant lifted demand for even the lowest rated euro zone countries. Other euro zone bond yields also dipped to new lows ahead of a meeting of the U.S. Federal Reserve, with the world’s most important central bank also expected to keep the stimulus taps open. Greece’s strong performance comes at a time when most Southern European debt has benefited from the cautious stance taken by the ...

Global equities regained some poise on Wednesday as a storm in Chinese stocks showed signs of easing, while the dollar made modest gains as investors awaited a Federal Reserve meeting. After a wave of heavy selling in recent days on the back of broadening regulatory crackdowns in China, Chinese blue chips .CSI30 closed up 0.2%, but the Shanghai Composite Index .SSEC ended 0.6% down, its lowest close since March 10. Hong Kong’s benchmark .HSI added 1.5%, but remained near nine-month lows. Chinese state-run financial media urged calm on Wednesday after ...

Asian emerging stock markets fell across the board on Wednesday as a rout in Chinese equities for a fourth consecutive session sapped risk appetite, ahead of a U.S. Federal Reserve policy meeting later in the day. Beijing’s recent regulatory crackdowns on a range of local private companies triggered a heavy sell-off in top Chinese tech stocks and have started seeping into currency and debt markets. The benchmark Shanghai index .SSEC, which fell as much as 2% earlier in the session, recouped some losses to close 0.6% lower. Chinese 10-year government ...

Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions. But the take-off of SPAC fundraisings in these markets hinges in part on the success of a few recently-delayed landmark deals, reflecting wider global investor caution about this funding tool. SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier route to ...