April 2023 – Page 26 – UAG Trade Asia

Sunac Shares Plunge to 11Y Low on YearLong Suspension Ends

April 14, 2023
Finance
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HONG KONG, April 13 Reuters Chinese property developer Sunac China Holdings Ltd lost more than half its market value on Thursday after resuming trade following a suspension of more than a year, having released results and agreed a debt restructuring. The share slump came a day after the company said in a statement to the Hong […]

April 14, 2023
Finance
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TOKYO, April 13 Reuters Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd, the Financial Times reported, sending the Chinese ecommerce giant39;s Hong Konglisted shares lower. The sale would come as valuations of China39;s big tech firms have started recovering this year after an end to […]

April 14, 2023
Finance
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MUMBAI, April 13 Reuters The Indian rupee advanced on Thursday after U.S. inflation cooled, while Federal Reserve officials flagged risks to the economy, which compounded troubles for the dollar index. The rupee traded around 81.96 per dollar by 1041 a.m. IST compared to 82.0775 in the previous session. U.S. Consumer Price Index CPI climbed 0.1 last month […]

US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar

Traders continued punishing the US Dollar amid a lack of reason for safety as the Dow Jones, S&P 500 and Nasdaq 100 soared on Thursday. Will DXY confirm its worst week since early January?

April 13, 2023
Business
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HONG KONG, April 13 Reuters After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub cryptocurrencies. While scandals and highprofile bankruptcies have prompted some […]

April 13, 2023
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UK economy fails to grow as expected in February Strikes hit output in public sector services January GDP growth revised up, meaning Q1 contraction unlikely Longerterm outlook doubtful, IMF picks out UK as laggard Construction the main driver of growth in Feb LONDON, April 13 Reuters Britain39;s economy stagnated in February as strikes by public […]

April 13, 2023
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BEIJING, April 13 Reuters China39;s exports to Russia more than doubled in March from a year earlier while imports also surged at a doubledigit pace, Chinese customs data showed on Thursday, despite a gloomy global economic outlook. China39;s exports to Russia soared 136.4 in March to a total of 9 billion, significantly faster than a […]

April 13, 2023
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Strong employment, jobless near 50year lows keep RBA on alert Fulltime employment surges, positive for household income Data suggests strong Q1 inflation, see RBA hike again analyst SYDNEY, April 13 Reuters Australia employment blew past expectations for a second month in March while the jobless rate held near 50year lows, an unambiguously strong report that […]

April 13, 2023
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LONDON, April 13 Reuters Britain39;s housing market continued to feel the pinch of higher borrowing costs in March, but property surveyors expect some improvement over the year ahead as they think interest rates are now near their peak, a survey showed on Thursday. The Royal Institution of Chartered Surveyors RICS said its house price net […]

April 13, 2023
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BEIJING, April 13 Reuters China39;s crude oil imports in March surged 22.5 from a year earlier to the highest since June 2020, data showed on Thursday, as refiners stepped up runs to capture fuel export demand and in anticipation of a domestic economic recovery. Crude imports in March totalled 52.3 million tonnes, or 12.3 million […]

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Sunac Shares Plunge to 11Y Low on YearLong Suspension Ends

Alibabas Hong Kong Shares Slump on SoftBanks Stake Sale Report

Rupee Firms as Cooling US Inflation, Recession woes Hurt USD

US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar

Hong Kong Woos Mainland China Crypto Firms in Push to Bolster Finance Hub Status

Strikes Weigh on UK Economy Which Stagnated in February

Chinas Trade with Russia was Robust Despite Weak Outlook

Australias Robust March Employment Suggests RBA may Hike again

UK Housing Market Weakness Continues, Improvement on Horizon RICS

Chinas Mar Crude Oil Imports Surge 22.5 from Year Earlier

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