Hong Kong’s Hang Seng index rises after resuming trade; Asia markets higher ahead of Jackson Hole

The windows of a restaurant at The Peak are taped up in Hong Kong on August 24, 2022, as the Hong Kong Observatory issued Typhoon Signal No. 8 in the early hours. HKEX canceled the morning session as T8 was issued. (Photo by ISAAC LAWRENCE/AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images) Isaac Lawrence | … Read more

Asia-Pacific markets were mixed after a positive rally from Wall Street, BHP shares soar

Despite the rate cuts, China’s economy saw more growth policies as needed China needs more growth policies to stabilize its economy after the central bank unexpectedly moved to cut its key interest rate, Chinese central-bank-backed Financial News said on Tuesday. The People’s Bank of China on Monday cut its 1-year policy lending rate by 10 … Read more

Hong Kong cuts hotel quarantine for travelers to 3 days, plus 4 days of home medical surveillance

Hong Kong is reducing the time it takes for travelers to stay in hotel quarantine, from seven days to three days starting Friday. “The seven-day quarantine hotel system will be changed to a three-day quarantine hotel, as well as four days of home medical surveillance,” Chief Executive John Lee said at a press conference on … Read more

Taiwan stocks shake off China’s military drills to rise 2%; Asia shares trade higher

SINGAPORE – Taiwanese shares extended gains in Asia-Pacific markets as investors shrugged off China’s military drills after a visit by US House Speaker Nancy Pelosi. of Taiwan Taix Jumped 2.03%, chipmaker TSMC rose 3%. The index fell this week as US-China tensions rose over Pelosi’s trip. Markets remain unsettled by China’s drills around Taiwan, although … Read more