China’s top leader warned that Beijing will go after so-called "platform” companies that have amassed data and market power, a sign that the monthslong cra
Read more about Jack Ma s SCMP joins Hong Kong media groups facing China control on Business Standard. Beijing has moved to stifle Hong Kong s democracy motion over the previous 12 months
Japan stocks lead Asian shares higher as U.S. stimulus fuels rally
12/29/2020 | 01:57am EDT
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Message : U.S. stimulus boosts risk appetite Japan stocks scale 29-year peak Oil futures recover on hope for higher demand
TOKYO/NEW YORK, Dec 29 (Reuters) - Asian shares rose on
Tuesday, with Japanese stocks hitting a 30-year high, as
investor risk was encouraged by a Brexit trade deal and hopes a
long-awaited U.S. pandemic relief package will be expanded.
MSCI s broadest index of Asia-Pacific shares outside Japan
rose 0.45%. Australian stocks ended up
0.53%. Japan s Nikkei surged by 2.4% to its highest
since August 1990. Shares in China bucked the trend,
GLOBAL MARKETS-Japan stocks lead Asian shares higher as U.S. stimulus fuels rally Reuters 12/29/2020 Asian stock markets: https://tmsnrt.rs/2zpUAr4
Popular Searches Japan stocks scale 29-year peak Oil futures recover on hope for higher demand
By Stanley White and Koh Gui Qing
TOKYO/NEW YORK, Dec 29 (Reuters) - Asian shares rose on Tuesday, with Japanese stocks hitting a 30-year high, as investor risk was encouraged by a Brexit trade deal and hopes a long-awaited U.S. pandemic relief package will be expanded.
MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.45%. Australian stocks ended up 0.53%. Japan s Nikkei surged by 2.4% to its highest since August 1990. Shares in China bucked the trend, falling 0.32% on profit taking.
Should Chinese regulators determine Jack Ma’s Alibaba Group Holding Ltd. to be a monopoly, they ought to look directly to Beijing for an explanation as to how it happened. On Thursday, China announced an investigation into alleged monopolistic practices at the Hangzhou-based e-commerce giant. Ant Group Co. is also in the crosshairs, as the central bank and the banking watchdog will separately summon Ma’s fintech affiliate to a meeting. The swift share price reaction, which saw Alibaba drop as much as 7.9% in Hong Kong trading, indicates investors take these two probes seriously. And yet, Alibaba’s 20-year rise to supremacy is due in no small part to government policies, which protected and coddled the now-booming internet sector. Under the guise of national security, successive leaders have implement censorship, foreign-ownership restrictions and other limitations that stamped out competition from overseas.