Stocks

Bloomberg HSBC Holdings Plc analysts upgraded their call on Chinese stocks to overweight, saying investors had become too bearish on a market that now offers value in real estate, industrials, healthcare and some banks. “We think the baby is being thrown out with the bathwater,” Herald van der Linde, the bank’s head of equity strategy for Asia Pacific and colleagues …

Bloomberg Investors in emerging-market stocks are finally getting rewarded, as promising signs for company earnings prompt the longest weekly rally since June. For the first time in three years, developing-nation companies are beating profit forecasts, with average earnings coming in 3.6% above analysts’ projections, according to data compiled by Bloomberg. That helped to deliver a third week of gains for …

Bloomberg Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalisation — the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the …

Bloomberg The Japanese government will raise 843 billion yen ($7.4 billion) from the sale of Japan Post Holdings Co shares — about $1 billion short of its original target — in the ongoing privatisation of the postal and financial-services giant. Shares in the secondary share sale were priced at 820.6 yen apiece, according to a statement, marking a 2% discount …

Bloomberg Analyst estimates for Asia’s corporate profits have fallen to more than a decade low relative to global peers, and further downgrades are on the horizon as China’s economic growth slows and global supply constraints remain. After soaring past pre-pandemic levels on vaccine and reopening optimism, the 12-month forward earnings-per-share forecasts for MSCI Asia Pacific Index members began to drop …

Bloomberg Netflix Inc.’s runaway hit Squid Game came like a bolt from the blue for viewers around the world. The impact on equity investors in its home country of South Korea is proving equally intense. While the nation’s benchmark share index has dropped about 4% since the drama was released in mid-September, dozens of stocks in the vibrant entertainment sector …

Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of Beijing’s regulatory crackdown is over. Tesla Inc. will be in …

Bloomberg Investors in Hong Kong’s stock market are rapidly losing their fear of President Xi Jinping’s regulatory crackdowns. The Hang Seng China Enterprises Index has rallied 10% since closing at a five-year low on October 6, the best performance among major global benchmarks tracked by Bloomberg. Alibaba Group Holding Ltd. has provided the second-biggest support to the gauge with a …

Bloomberg US futures rose with European stocks Tuesday as the prospect of solid corporate earnings helped counter concerns stemming from elevated inflation. Treasuries were steady and the dollar declined. Travelers Cos. rose in pre-market trading, while Johnson & Johnson fluctuated after reporting. Technology shares rallied and crypto stocks were in the spotlight as Bitcoin continued its climb toward all-time highs …

Bloomberg Bitcoin continued its climb towards all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the US by asset manager ProShares. The largest cryptocurrency rose as much as 2.6% on Tuesday to trade around $62,961. It’s more than doubled this year in volatile trading. The April record is just under $64,870. ProShares …