BEIJING: China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, with monthly arrivals.
Wealthy investors rushed to offload stock in Alibaba Group Holding Ltd. after China began an investigation into alleged monopolistic practices at billionaire Jack Ma’s internet giant, according to Citigroup Inc.’s private bank.
A Biden presidency opens the door to greater co-operation despite many bilateral challenges Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Justin Tang/The Canadian Press
Prime Minister Justin Trudeau and his top advisers are optimistic that relations with the more like-minded Biden administration will be effortless enough to collaborate on matters such as fighting climate change, building a new green economy and pushing for a North America First policy. No one is under the illusion, however, that a newly Democratic White House will spare Canada from trouble when it comes to energy pipelines, trade disputes or protectionist policies.
Tokyo stocks continued to drop Monday, reflecting a Wall Street fall late last week and profit-taking pressure.
The 225-issue Nikkei average of the Tokyo Stock Exchange shed 276.97 points, or 0.97%, to close at 28,242.21. On Friday, the benchmark index lost 179.08 points.
The Topix index of all first section issues ended 11.12 points, or 0.60%, lower at 1,845.49, following a 16.67-point decline the previous trading day.
The Tokyo market succumbed to strong selling pressure from the outset, in response to drops in all three major U.S. stock gauges Friday, with the Nikkei giving up more than 400 points at one point in early trading.
The market, however, managed to cut some of its losses later in the morning, thanks to buying on dips and anticipation for the Bank of Japan’s purchases of exchange-traded funds, brokers said.