Asia-Pacific markets mixed; Chinese tech stocks in Hong Kong drop

SINGAPORE – Asia-Pacific markets were mixed on Friday, after days of turbulent trading this week as investors continue to monitor the situation surrounding the Omicron COVID variant. Chinese technology shares tumbled in Hong Kong after transportation giant Didi announced on Friday that it would begin taking steps to delist from the New York Stock Exchange … Read more

Oil supply in focus amid omicron Covid variant fears

Oil rigs work on rigs in Gaoyu Lake in Gaoyou in east China’s Jiangsu Province on Friday, September 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, meet on Thursday to decide on the next phase of production policy. The Energy Alliance will hold a video … Read more

Asia stocks mixed as uncertainty surrounding omicron variant lingers

SINGAPORE – Stocks in Asia Pacific struggled for direction in trading Thursday, as concerns about the economic impact of the omicron Covid variant continued to weigh on investor sentiment. Hong Kong’s Hang Seng Index rose 0.38%, reversing earlier losses. However, shares of Razer in the city fell more than 12% in choppy trade. The company … Read more

5 things to know before the stock market opens Wednesday, Dec. 1

Here are the top news, trends and analysis that investors need to start their trading day: 1. The Dow is set to rebound on the first day of December after the big drop in Omicron’s fears Stocks rose in morning trading on Monday with investors interested in retail sales and earnings results. (Photo by Spencer … Read more

Oil output policy in focus as omicron rattles markets

A picture of the OPEC logo prior to an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters A group of some of the world’s most powerful oil producers are meeting on Wednesday to discuss the potential impact of the new omicron Covid variable … Read more

Oil prices could soar to $150 in a fully reopened world: Jefferies

Oil prices could move “significantly above” current levels due to the deep world’s dependence on fossil fuels and could reach $150, says Christopher Wood of Jefferies. “In a world that’s really reopened — which is a big thing — the price of oil could go up exponentially,” Wood, the investment bank’s global head of equity … Read more

omicron Covid, China factory activity, oil prices

SINGAPORE – Major markets across Asia Pacific rebounded on Wednesday, after the previous day’s losses brought on by renewed uncertainty over the Omicron-Covid variable. South Korea’s Kospi advanced gains regionally, rising 2.17% after tumbling more than 2% on Tuesday. Hong Kong’s Hang Seng also saw solid gains, rising 1.4% after falling the previous day. Stocks … Read more

Chinese factory activity data for November, oil prices

SINGAPORE – Shares in the Asia-Pacific region mostly rose in trading on Tuesday as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November. Japan’s Nikkei 225 is up 1.26% while Topix is ​​up 1.41%. Stocks in mainland China rose, with the Shanghai Composite advancing 0.29% while … Read more

Biden ready to release more oil reserves to cool price: Amos Hochstein

A truck passes pumping water at the Bellridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images News | Getty Images The administration of President Joe Biden is ready to release more barrels of oil from its strategic reserves if the need arises again, according to the State Department’s top … Read more

Oil jumps 5%, recouping some losses following worst day of the year

Oil drilling pumps operate at the Englewood Oil Field in Culver City, California, on Sunday, July 11, 2021. Kyle Grelot | Bloomberg | Getty Images Oil prices jumped on Monday as traders bet that Friday’s massive selloff, spurred by fears that the new alternative, Omicron Covid, will curb demand for petroleum products, has been overstated. … Read more