Asia-Pacific markets largely rose as China’s factory activity expanded in August and traders look to a slew of other economic data in the region.
China's central bank cuts reserve ratio by 200 basis points
The People's Bank of China announced Friday that starting from Sept. 15, it would reduce the foreign exchange reserve requirement ratio for financial institutions to 4%, from 6%. The cut follows a number of reductions to various interest rates in the last several weeks in an effort to shore up the economy.against the U.S. dollar at 7.1788, a touch stronger than the 7.1811 on Thursday, according to Wind Information.Hong Kong financial markets halt trading as city braces for Super Typhoon SaolaHong Kong Exchanges and Clearing Limited saidIf a Storm Signal No.8 or above remains issued at 9 a.m.
Dividend stocks aren't evergreen, but investing in them over several years can pay off, according to one portfolio manager. Their underperformance this year presents an opportunity, said Ben Kirby, who is also co-head of investments at Thornburg Investment Management.
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Asia markets mostly fall as Hong Kong trade is halted due to Typhoon SaolaAsia-Pacific markets fall as traders await China's Caixin manufacturing PMI data, amidsts a slew of other economic data in the region.
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Asia markets mostly fall; Hong Kong trading halted as city braces for Typhoon SaolaAsia-Pacific markets fall as traders await China’s Caixin manufacturing PMI data, amid a slew of other economic data in the region.
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China issues highest typhoon warning as Saola moves towards Hong KongChina issued the highest typhoon warning on Thursday as Typhoon Saola, packing winds of more than 200 kph (125 mph), headed towards the southeastern coastline, threatening Hong Kong and other major manufacturing hubs in nearby Guangdong province.
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Hong Kong morning trading session to be delayed due to typhoonHong Kong's morning trading session will be delayed due to a typhoon alert issued by the government, which is currently at signal No. 8.
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Hong Kong hunkers down as Typhoon Saola approachesSaola lost super typhoon status as winds dropped from 150 miles per hour to 140 mph, though still remains the equivalent of a Category 4 hurricane. The storm previously impacted parts of northeaste…
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Hong Kong hunkers down as super typhoon Saola approachesHong Kong braced for the arrival of super typhoon Saola on Friday as authorities raised the strong wind signal to No.8, bringing the city to an effective standstill with most businesses, schools and the stock exchange shut.
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