Market

Asian stocks rise as Chinese officials reassure investors of government support, boosting market sentiment. Beijing's commitment to buying stocks and promoting equity holdings among insurers and mutual funds improves investor mood. The CSI 300 Index and Hang Seng China Enterprises Index gain, while the MSCI Asia Pacific Index extends its winning streak. Asian markets react to Trump's first few days in office, digesting mixed signals on tariffs and spending plans.

Published on: January 23, 2025, 07:01 AM UTC

Asian oil refiners are cutting run rates or considering it as the impact of US sanctions on Russia ripple through the market, with Chinese teapots and merchant processors in Singapore and South Korea being the most affected.

Published on: January 23, 2025, 07:00 AM UTC

Traders in dollar-yen options are changing their strategy going into an expected Bank of Japan rate increase Friday. Most Read from Bloomberg...

Published on: January 23, 2025, 06:03 AM UTC

SK Hynix shares dropped despite record profit and modest capex plans, missing investor expectations for AI memory chip demand. The company remains a leader in HBM production, but competition from Samsung and inventory adjustments loom.

Published on: January 23, 2025, 06:03 AM UTC

Asian emerging markets deploy varied tools to counter strong dollar and Trump tariffs

Published on: January 23, 2025, 06:03 AM UTC

A tech stock-led surge propelled the market higher on Wednesday, as Netflix stock hit a record high following strong earnings. President Trump's announcement of a $500 billion private sector investment in AI infrastructure sparked enthusiasm in tech stocks, with Oracle, Nvidia, and SoftBank among the beneficiaries. Despite a rise in bond yields, BlackRock believes higher interest rates may become the new normal. Netflix's impressive earnings, coupled with price hikes, drove its stock to all-time highs. The S&P 500 reached near-record highs, while the Dow Jones Industrial Average and Nasdaq Composite also gained. Economic data releases include MBA Mortgage Applications and the Leading Index, while earnings reports are expected from Johnson & Johnson, Procter & Gamble, and other companies.

Published on: January 23, 2025, 06:02 AM UTC

**Meta Description** Netflix stock surged 10% to an all-time high after posting strong Q4 earnings. The streaming giant added a record 18.9 million users, beating subscriber estimates. Revenue and earnings also topped expectations, driving analysts to raise price targets and forecast continued growth in 2025. Netflix announced a $15 billion stock buyback and increased its full-year revenue outlook. Notably, the company reported a doubling of advertising revenue and plans for continued live event programming, including WWE Raw. Despite missing Q1 revenue estimates, Netflix guided for higher operating margins, highlighting its competitive strength and focus on improving product-market fit.

Published on: January 23, 2025, 06:02 AM UTC

Indonesia is set to lift the ban on iPhone 16 sales as the government nears a deal with Apple for an investment plan.

Published on: January 23, 2025, 06:01 AM UTC

Chinese authorities announce new measures to boost stock market; European shares seen opening negative; Norges Bank rate decision due; Bank of Japan policy meeting begins.

Published on: January 23, 2025, 06:00 AM UTC

Chinese government mandates pension and mutual fund investments in domestic stocks to secure returns.

Published on: January 23, 2025, 05:01 AM UTC