China and Hong Kong stocks lead gains in Asia; Evergrande shares plunge

China and Hong Kong stocks lead gains in Asia; Evergrande shares plunge

An Hour Ago Tata Steel CEO says sustainability considerations are very important for the industry as it develops Steel is a growing sector particularly in India, thereby making it “very important” for sustainability to be part of the solution, said CEO of Tata Steel, T. V. Narendran. “We’re going to have about 100 million tons … Read more

Asia markets mixed as investors assess private business activity reports from Australia and Japan

Asia markets mixed as investors assess private business activity reports from Australia and Japan

3 Hours Ago Japan business activity expands at faster pace in August: au Jibun bank Japan’s business activity expanded at a faster pace in August, powered by a “solid” service sector expansion, according to a private survey by the au Jibun bank. The country’s flash purchasing managers index came in at 52.6, compared with 52.2 … Read more

Asia markets mixed as China cuts 1-year loan prime rate, but leaves 5-year rate unchanged

Asia markets mixed as China cuts 1-year loan prime rate, but leaves 5-year rate unchanged

2 Hours Ago Country Garden Holdings to be removed from Hang Seng Index Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index after the benchmark’s latest quarterly review. In its place, pharmaceutical firm Sinopharm will be added. Country Garden Services Holdings, which is a property management … Read more

Asia markets to fall as investors look ahead to China inflation data

Asia markets to fall as investors look ahead to China inflation data

An Hour Ago Indonesia’s second quarter GDP grew above analysts’ expectations Indonesia’s gross domestic product for the second quarter expanded 5.17% year-on-year, higher than analyst forecasts of a 4.93% growth, according to Refinitiv data. On a quarterly basis, the Southeast Asian nation’s GDP grew 3.86%. —Lee Ying Shan An Hour Ago Thailand’s July inflation numbers … Read more