Asia Archives - Page 32 of 119

2 minute read

Asia Market Mostly Higher Along With Europe, Crude Oil and Gold – Global Markets Today While US Was Sleeping

January 24, 7:40 AM

Global Markets Today While US Was Sleeping. Crude Oil traded higher by 0.12% at $74.46, while Brent was up 0.01%. Gold was trading higher by 0.34% at $2,032.85.

ADIV

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China’s Securities Regulators Urge Hedge Funds To Curb Short Selling Amid Market Turmoil: Report

By Benzinga Neuro

January 24, 3:14 AM

In an attempt to stabilize the plunging stock market, China's securities regulators have reportedly reached out to hedge fund managers, advising them to limit short selling in the stock index futures market.

ITI

2 minute read

Jack Ma, Joe Tsai Overtake Softbank As Alibaba’s Largest Shareholders After Aggressively Buying Tech Giant’s Tumbling Shares

By Benzinga Neuro

January 24, 12:58 AM

Ma, who retired as Alibaba's executive chairman in 2019, increased his stake in the company by purchasing approximately $50 million worth of shares in the fourth quarter of 2023. This raised his stake to more than 4.3%, making him the largest single shareholder.

BABA

2 minute read

Why Are Tencent And NetEase Shares Up Today? Hint: It Has To Do With Chinese Goverment Gaming Regulations

By Franca Quarneti

January 23, 4:56 PM

China's gaming regulator has removed proposed rules from its website that aimed at curbing spending and rewards in video games.

NTES

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Alibaba Springs Back To Life As Co-Founders Scoop Up Shares: ‘It’s Jack Ma — Hot For His Stock’

By Neil Dennis

January 23, 4:32 PM

Alibaba founders' purchase of millions of dollars worth of shares and China's market support plans boost confidence in company and country.

BABA

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China’s Market Rescue: A Bold $278 Billion Stabilization Plan In Play Amid Deepening Crisis

By Piero Cingari

January 23, 10:28 AM

Chinese authorities to assemble a rescue package to stabilize stock market amid sharp declines, intensifying urgency to curb selloff.

BABA

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Asia Markets Mixed, Europe Dips, While Crude Oil Near $75 – Global Markets Today While US Was Sleeping

By Akanksha Bakshi

January 23, 8:25 AM

On January 22nd, U.S. stock markets closed higher, led by the S&P 500 reaching another record high driven…

ADIV

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Tencent’s Riot Games To Cut 11% Of Global Workforce, Citing Unsustainable Costs

By Benzinga Neuro

January 23, 3:51 AM

Riot Games, the developer of popular titles like "League of Legends," will be reducing its staff by 530 employees.

GOOG

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Tencent And NetEase Surge After Chinese Regulator Pulls Draft Gaming Rules From Website

By Benzinga Neuro

January 23, 3:31 AM

The draft rules on the NPPA website became inaccessible as of Tuesday morning, despite being functional on Monday. The consultation period for these rules, initially causing market turmoil upon their announcement, concluded on Monday.

NTES

2 minute read

January’s Bargain Hunt: This Chinese Asset Is Up For Sale At A 30% Discount — Trap Or Treasure?

By Piero Cingari

January 22, 12:58 PM

China, the world’s second-largest economy by gross domestic product (GDP), is grappling with a crisis in its domestic…

BABA