Asia Business

Asian markets rise with dollar, bitcoin as ealy US results roll in

Most Asian markets rose with the dollar and bitcoin on Wednesday as traders await the outcome of the knife-edge US presidential election, with bets increasing on a Donald Trump victory as early results rolled in.The Republican candidate and his Democratic opponent Kamala Harris have picked up expected wins in safe states, but signs that the …

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Stock markets climb, dollar dips as US votes

Major stock markets mostly rose and the dollar remained under pressure Tuesday as Americans cast votes in a knife-edge presidential election.Wall Street’s main indexes, which had fallen the previous day, rebounded after voting began in the world’s biggest economy.In Europe, London dipped 0.1 percent as investors await an interest-rate decision by the Bank of England on …

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South Korea fines Meta for illegal collection of user data

US tech giant Meta illegally harvested sensitive data including on sexual orientation from nearly a million South Korean Facebook users and shared it with advertisers, Seoul’s data watchdog said Tuesday.The firm, which also owns Instagram, violated South Korean laws prohibiting the use of information on political opinions, religious beliefs and people’s sex life unless the …

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Stock markets rise, dollar pressured as US votes

Major stock markets rose and the dollar remained under pressure Tuesday as the United States votes in a knife-edge presidential election.Equities in Shanghai and Hong Kong won strong support from hopes over China’s economy, while European indices grew slightly as investors await interest-rate decisions from the US Federal Reserve and Bank of England on Thursday.”A …

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China’s premier ‘fully confident’ of hitting growth targets

Chinese Premier Li Qiang said Tuesday he was “fully confident” the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.Beijing has set a growth target of around five percent for 2024, but in the third quarter the country saw its slowest expansion in a year …

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Most Asian markets rise as US heads to polls in toss-up vote

Asian markets mostly rose Tuesday, a day before results from the US presidential election rolled in, with opinion polls showing a knife-edge vote, while Chinese equities were boosted by hopes over the country’s economy.Uncertainty about the outcome and worries that the winner might not be known for days has led to warnings that investors could …

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Nintendo lowers sales forecast as first-half profits plunge

Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console.Last year, the Japanese video game giant scored with the smash-hit “Super Mario Bros” film and the release of “Legend of Zelda: Tears of the Kingdom”, the fastest-selling …

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China’s premier ‘fully confident’ of hitting growth targets

Chinese Premier Li Qiang said Tuesday he was “fully confident” the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.China’s leaders have set an annual growth target of around five percent, but in the third quarter the country saw its slowest expansion in a year …

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