Asia markets trade higher after U.S. stocks rally for a second day

People cross a street in Causeway Bay, Hong Kong. Marc Fernandes | Nurphoto | Getty Images Shares in the Asia-Pacific traded higher on Wednesday after U.S. stocks rallied for a second day. Hong Kong’s Hang Seng index surged to close 5.9% higher at 18,087.97 on its return after a holiday Tuesday. The Hang Seng Tech … Read more

Asia-Pacific markets mostly mixed oil pops on possible OPEC+ supply cut

Australia’s central bank expected to hike rates by 50 basis points: Reuters poll A Reuters poll of economists expects the Reserve Bank of Australia to hike its benchmark interest rate by 50 basis points to 2.85%. RBA’s board members said the case for a slower pace of rate hikes was growing, according to minutes from … Read more

Stocks fall; Singapore, Malaysia inflation

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% to its lowest … Read more

Fed hike, Bank of Japan, interest rates, currencies

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more

Stocks drop after Wall Street plunge on U.S. CPI

A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020. Kazuhiro Nogi | AFP | Getty Images Shares in the Asia-Pacific dropped sharply on Wednesday after indexes on Wall Street plunged following a higher-than-expected U.S. consumer price index report for August. Japan’s Nikkei … Read more

Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

Ramsay Health Care shares plunge 14% after takeover talks hit roadblock Australian hospital operator Ramsay Health Care’s shares dropped as much as 14.6% after the company announced a KKR-led consortium is “not in a position to improve the terms” of a takeover proposal. Ramsay Health rejected the proposal earlier this year, saying the offer was … Read more