China's trade data for March is expected to be out at around 11:00 a.m. HK/SIN. Investors will watch Hong Kong-listed shares of Chinese tech giant Alibaba. That comes after the
Continue reading »Home »
How Archegos’ $20 billion move to flee certain names led to banks’ share prices tumbling
U.S. media stocks ViacomCBS and Discovery, plus a few Chinese internet ADRs experienced severe selling pressure on Friday. The culprit for the massive selling was a forced liquidation of positions
Continue reading »Here's what happened in that wild trading in China internet stocks
A trader who participated in some of the wild trading in Chinese internet stocks on Friday confirmed that the primary cause of the selling in Chinese stocks was that a
Continue reading »Former Trump lawyer Michael Cohen wields podcast in fight against ex-president
Michael Cohen, who once was personal lawyer for Donald Trump, is using a podcast to promote both his criticism and fellow critics of the former president. Cohen's "Mea Culpa" podcast
Continue reading »Biden White House, Nancy Pelosi support independent sex harassment probe of Gov. Andrew Cuomo
The White House and House Speaker Nancy Pelosi on Monday strongly backed an independent investigation of New York Gov. Andrew Cuomo. Pelosi called the sexual harassment allegations against Cuomo by
Continue reading »Japan stocks set to rise at the open; mainland China markets remain closed for Lunar New Year holiday
Minutes from the Reserve Bank of Australia's February monetary policy meeting are expected to be out at around 8:30 a.m. HK/SIN on Tuesday. The mainland Chinese markets are closed on
Continue reading »Asia-Pacific markets set to trade cautiously as investors keep an eye on U.S. stimulus talks
Australia's benchmark ASX 200 fell 0.48%, with most sectors trading in the red. Nikkei futures pointed to a near flat open for the Japanese market. In the U.S., few signs
Continue reading »Asia-Pacific markets set to trade higher as sentiment improves over coronavirus vaccine, U.S. stimulus hopes
Australia's benchmark ASX 200 rose 1.17%, with all sectors trading higher. Futures also pointed to opening gains for the Nikkei 225 in Japan. U.S. stock futures rose slightly after a
Continue reading »Asia-Pacific shares mostly rise as vaccine hopes again lift markets
In Australia, the bourse resumed trading on Tuesday after a nearly full-day trading halt Monday due to a software issue. Wall Street was buoyed to record highs after Moderna said
Continue reading »HSBC is set to report third-quarter earnings today. Here's what to expect
HSBC, Europe's largest bank by assets, is expected to report another hit to earnings as it attempts to recover from the coronavirus pandemic's economy hit. Reported pre-tax profit is forecast
Continue reading »