Tag Archives: Asia News

Shares of China property developer Evergrande dive after announcing discounted new share sale

China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced… Read More »

Singapore’s economy contracted by 7% year-on-year in the third quarter, official estimates show

A man wearing a protective face mask walks past an indoor waterfall at Jewel Changi Airport in Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s economy contracted by 7% in the third quarter compared with a year ago, according to official estimates released by the Ministry of Trade and Industry on Wednesday.… Read More »

Japan stocks set to trade lower as investors await speech from China’s Xi

SINGAPORE — Stocks in Japan looked poised to trade lower at the open, as investors in Asia-Pacific await a speech from Chinese President Xi Jinping. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,560 while its counterpart in Osaka was at 23,500. That compared against the… Read More »

Southeast Asia struggles to kickstart its battered tourism industry as the pandemic chokes demand

Southeast Asia, home to some of the most tourism-reliant countries in the world, is reeling from the coronavirus-induced global lockdowns — and many of the region’s travel industries are struggling to survive. Even though other regions like Europe have seen travel-related activities lifted, Southeast Asia’s borders have remained largely closed. The World Tourism Organization, a… Read More »

Global housing market is holding up well despite the pandemic, Jefferies strategist says

[ad_1] SINGAPORE — Global real estate prices have largely held their own in the face of an unprecedented economic hit from the coronavirus pandemic, says Sean Darby, global head of equity strategy at Jefferies. “It’s been perhaps one of the most fortunate events for policymakers in that we’ve not really seen any significant declines in… Read More »

Japan stocks set to rise as investors look to China’s trade data for September ahead

SINGAPORE — Stocks in Japan were set for a higher open as investors await the release of Chinese trade data for September. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,660 while its counterpart in Osaka sat at 23,620. That compared against the Nikkei 225’s last… Read More »