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(Bloomberg) — Stocks in Asia struggled for momentum as a rally in China took a breather and Toyota wage talks spurred bets that the Bank of Japan’s interest-rate hike is imminent. Shares in mainland China slipped, with Country Garden Holdings Co.’s missed bond payment weighing on developers. The Hang Seng China Enterprises Index wavered on…
(Bloomberg) -- Global investors including Nomura Asset Management Co. and JPMorgan Asset Management are cautious about adding more Japanese bank stocks to their portfolios, even as their profitability is expected to improve on a widely-expected rate hike by the nation’s central bank as early as next week.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryChina Has Never Canceled This Many Shipmen
(Bloomberg) -- The Bank of Japan’s surprise lack of exchange-traded fund buying on Monday despite a drop in shares is spurring speculation the bank will stop purchasing ETFs, to try to make the nation’s stock market healthier by boosting liquidity for traders and reducing price distortion.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 2
(Bloomberg) -- Japan’s Nikkei 225 Stock Average reached an all-time intraday record high, joining Wall Street stocks in pushing into uncharted territory.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapYour 401(k) Will Be Gone Within a DecadeChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseThe blue-chip gauge broke abov
(Bloomberg) -- Japan’s much-anticipated exit from its ultra-easy monetary policy is likely to have the unusual effect of making the equity market the biggest beneficiary from interest-rate hikes.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InChina S