Stocks

  Bloomberg South Korea plans to significantly extend onshore trading hours for the won next year in an effort to improve access for foreign investors. The government will work to allow dollar-won spot trading until 2 am as early as the second half of 2024, versus the current close of 3:30 pm, Finance Minister Choo Kyung-ho said during a press ...

  Bloomberg Britain’s blue-chip stock index is trading near an all-time high in an optimistic start to 2023, adding to gains for a gauge that managed to avoid last year’s global selloff. The FTSE 100 Index closed up 0.4%, taking its year-to-date rise to 3.7% and closing at the highest level since August 2018. The index is less than 2% ...

Bloomberg UK retail stocks appear to be turning the corner in the New Year after a dismal 2022. JD Sports Fashion plc and J Sainsbury plc on Wednesday joined UK online shopping bellwether Next plc and small retailer Card Factory plc in providing a more upbeat outlook, potentially extending a surprise rally in consumer stocks. JD Sports shares jumped as ...

Bloomberg Stock investors in India are bracing for challenging weeks before the unveiling next month of the government’s federal budget as economic growth retreats from a peak and a resumption of selling by foreigners weighs on local shares. After beating most Asian and emerging market peers last year, India’s $3.4 trillion stock market is already overshadowed in 2023 as China’s ...

  Bloomberg Meta Platforms Inc. is expected to be the top-performing mega-cap internet stock this year, according to a JPMorgan survey of investors, suggesting a rebound for the Facebook parent after its worst year on record. According to the survey, 41% of respondents named Meta as the company they expect will perform the best this year, followed by Amazon.com Inc. ...

  Bloomberg European stocks decline and Wall Street equity futures were steady as investors weighed hawkish comments from Federal Reserve officials and looked towards the release of US inflation data due on Thursday for clarity on the trajectory for interest rates. The Stoxx Europe 600 Index dropped 0.7%, retreating from an eight-month high as retail and technology stocks led declines. ...

  Bloomberg Indonesian stocks inched closer to a technical correction on Tuesday as investors looked to cash out from one of Asia’s hottest markets for 2022 in search of cheaper valuations elsewhere. The Jakarta Composite Index closed 1% lower, trimming intraday declines that saw it slide more than 10% from a record notched on September 13. Financial and health-care stocks ...

  Bloomberg Asia’s benchmark stock index was on track to enter a bull market, as China’s reopening and a weakening dollar lure investors back to the region. The MSCI Asia Pacific Index climbed as much as 1.9% on Monday, taking its advance from an October 24 low to more than 20%. Gauges in Hong Kong, Taiwan and South Korea led ...

  Bloomberg A cryptocurrency sector battered by turmoil last year is showing some signs of life early in 2023, posting bigger gains than other major asset classes including stocks, bonds and gold. The MVIS CryptoCompare Digital Assets 100 Index of top tokens is up some 6% so far this month, exceeding advances of about 2% in global stocks, 1% in ...

  Bloomberg China’s equities are poised to claim back a one-third weighting in a benchmark emerging-markets index, following a sharp outperformance sparked by an easing of strict Covid-19 curbs and a pivot to pro-growth policies. Stocks listed in the mainland and Hong Kong now account for 32.2% of the MSCI Emerging Markets Index, up from 26.8% in October. The MSCI ...