Asia stocks fall after Wall Street slump; China PMI beats estimates

Japan movers: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing Purchasing Managers’ Index surprisingly grew in September to 50.1, much higher than the 49.6 predicted by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI prints compare … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($ 6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks – and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market – we increase our 2030 … Read more

USMNT has no answer for Japan in friendly loss

DUSSELDORF, Germany – With the World Cup less than two months away, the United States men’s national team was hoping to sharpen up its game against Japan, but if anything, it was the Samurai Blue who looked more ready for the showpiece tournament, riding goals either side of halftime from Daichi Kamada and Kaoru Mitoma … Read more

Asian shares decline ahead of Fed decision on interest rates

TOKYO (AP) – Asian shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the US Federal Reserve as it works to squash the highest inflation in decades. Japan’s benchmark Nikkei 225 dipped 1.4% in morning trading to 27,308.66. Australia’s S & P / ASX 200 dropped 1.4% to … Read more

Japan CPI inflation, China loan prime rate, currencies

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA) ‘s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised … Read more

The US looks to rival Europe and Asia with massive floating offshore wind plan

The Block Island Wind Farm, photographed in 2016, is located in waters off the east coast of the United States. DON EMMERT | AFP | Getty Images The White House said Thursday it was targeting 15 gigawatts of floating offshore wind capacity by the year 2035, as it looks to compete with Europe and Asia … Read more

The Pokémon Diamond And Pearl Remakes Just Won A ‘Global Award’

Image: The Pokémon Company During the 2022 Tokyo Game Show today, the winners of the Japan Game Awards were announced. One winner, in particular, that seems to have people talking on social media is the 2021 Switch title Pokémon Brilliant Diamond & Shining Pearl. Not only did it take out the ‘best sales award’ but … Read more

Apple raises iPhone 14 price in UK, Japan, Australia, overseas markets

Apple hiked the price of the iPhone 14 series in a number of key markets, though it was unchanged in the United States. With rampant inflation persisting and a global recession on the horizon, all eyes were on how Apple priced its main product during the Cupertino giant’s big event on Wednesday, where it revealed … Read more

Weak yen most ‘textbook-driven currency move’ in 30 years: Monex Group

The worst is not over for the Japanese yen – it could plummet even further in the coming months, according to Jesper Koll, director of financial services firm Monex Group. “I think the parabolic overshoot is still on track, so I expect we’re going to see 150, 160 at some point over the next couple … Read more