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Hang Lung Properties Limited ADR News

Asia: Rate Fears Hit Chinese Markets

The selling hit petrochemical, momentum and rate-sensitive plays.

Asia: Time for Spring Cleaning

After the recent rally in Asian markets, it appears to be time for investors to rebalance their portfolios.

Hong Kong Stocks Rise, but Tokyo Falls

The Shanghai Composite Index gains 57.84 points, or 1.7%, to 3471.74.

Shanghai Index Hits Nine-Month Low

Petrochina fell behind Exxon, and dragged the index down with it.

Asia Stocks Rise After U.S. Rally

The Hang Seng jumps 482 points, or 2.3%, to 21,866.

Breaking News

Tesla Stock Slides On Reports of California Layoffs, Office Closure

Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.

Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

New Tesla Product Is a Wish for Fans Hit by Inflation

The manufacturer of premium and high-end electric vehicles became the most profitable American carmaker in the first quarter of 2022.

Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.