Asia stocks mixed; China keeps benchmark lending rate unchanged

SINGAPORE — Stocks in Asia-Pacific were mixed in Monday trade as China left its benchmark lending rate unchanged over the weekend. Mainland Chinese stocks were lower by the afternoon, with the Shenzhen component down 1.326% and Shanghai component fractionally lower. Hong Kong’s Hang Seng index gained 0.46%. In Japan, the Nikkei 225 rose 0.96% while […]

Continue Reading

US expresses concern over China’s recently enacted Coast Guard law

The US has voiced concern over China‘s recently enacted Coast Guard law, which it said may escalate the ongoing territorial and maritime disputes in the region and can be invoked to assert unlawful claims. China passed a law last month which for the first time explicitly allows its coast guard to fire on foreign vessels. […]

Continue Reading

Japan’s factory mood turns positive for first time since 2019

TOKYO: Sentiment among Japanese manufacturers turned positive in February for the first time since mid-2019, the Reuters Tankan poll found, lifted by improving overseas demand though caution about the ongoing fallout from the coronavirus persisted. The monthly poll, which tracks the Bank of Japan‘s (BOJ) closely watched tankan quarterly survey, found non-manufacturers confidence remained gloomy […]

Continue Reading

Asia-Pacific stocks rise; mainland China markets remain closed for Lunar New Year holiday

SINGAPORE — Stocks in Asia-Pacific rose in Tuesday morning trade as markets in mainland China remain closed for the Lunar New Year holiday. In Japan, the Nikkei 225 advanced 0.74% in early trade while the Topix index gained 0.43%. South Korea’s Kospi edged 0.52% higher. Stocks in Australia also rose, with the S&P/ASX 200 up […]

Continue Reading

Japan Health Ministry says it has approved Pfizer’s COVID-19 vaccine

Pfizer-BioNTech COVID-19 vaccine Sergio Perez | Reuters Japan’s Health Ministry said on Sunday it has officially approved Pfizer Inc’s COVID-19 vaccine, the first such approval in the country as it steps up efforts to tame a third wave of infections in the run-up to the Summer Olympic Games. The move had been widely expected after […]

Continue Reading