Asian stocks slump as capital flows back to the US
Asian emerging markets slumped as 10-year US Treasury yields hit a 23-month of 2.75 per cent on the back of better-than-expected US job data. Markets & Investing feed…
Paulson’s gold fund plunges 65 percent through June
Hedge fund manager John Paulson’s gold fund has lost 65 per cent of its worth so far this year after the portfolio declined 23 per cent last month, two people…
Investors dump Fu Ji despite revamp
Shares in Fu Ji Food and Catering Services, a supplier to the 2008 Beijing Olympics, plunged more than 90 per cent yesterday on resuming trading after a four-year trading halt…
Asiana Airlines down sharply after crash
Shares in South Korea’s Asiana Airlines shed as much as 6.4 per cent on Monday after one of its passenger jets crashed at San Francisco airport over the weekend, killing…
A-share ETFs feel the strain
Something is afoot with the mainland’s physically backed A-share funds. The instruments were the big innovation of 2012. They promised Hong Kong investors cheap, transparent access to mainland shares. Markets…
Better times tipped for battered US dollar debt
Activity in the Asian US dollar bond market is poised to pick up as issuers and investors adjust their expectations in response to the flagged winding down of the United…
Chinese bond futures cleared for relaunch
Beijing has approved the relaunch of government bond futures after an 18-year hiatus, taking a further step towards liberalising interest-rate mechanisms. The China Securities Regulatory Commission has received approval from the…
US funds bet on Asia for shipping recovery
United States private equity and investment funds are betting Asia’s shipping industry, hit by a restructuring wave that has already swept Europe and the US, is the best spot to…
Hong Kong shares rebound, short covering lifts China coal
Hong Kong shares were on track for their first gain in three days, with China markets also rebounding, as investors covered short positions ahead of a European Central Bank meeting…
Asia shares rise as ECB says rates rise ’very distant’
Asian markets climbed on Friday after the European Central Bank said it would keep interest rates at record lows for “as long as necessary”, while concerns over Portugal’s political crisis…
