China Covid easing, Hong Kong stocks rise

China Covid easing, Hong Kong stocks rise

Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors … Read more

China Covid easing, Hong Kong stocks rise

China Covid easing, Hong Kong stocks rise

Hong Kong movers: Chinese tech companies and reopening stocks jump Chinese tech, consumer and travel companies listed in Hong Kong saw strong gains in early trading after some cities in China saw some easing of Covid restrictions. Tech heavyweights Tencent gained 5.5% and Meituan rose 3.5%, while Alibaba jumped 4.72% and Xiaomi added 7.31%. Electric … Read more

Singapore and New York are the most expensive cities to live: EIU

Singapore and New York are the most expensive cities to live: EIU

New York, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | time | Getty Images Singapore has again been ranked as the most expensive city to live in, sharing first place with New York this year, according to the Economist Intelligence Unit (EIU). This … Read more

Inflation in South Korea, US jobs report, China Covid-zero

Inflation in South Korea, US jobs report, China Covid-zero

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose … Read more

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss … Read more