Thu. Jul 7th, 2022

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Asia-Pacific stocks mostly higher

1 min read

Asia-Pacific stocks

Asia-Pacific stocks were mostly higher on Thursday, with shares of Chinese tech giant Alibaba in the spotlight following reports that Chinese regulators will probe the firm for suspected monopolistic behavior.

Alibaba shares in Hong Kong fell 8.13% on Thursday.

That came following reports that Chinese authorities will probe the Alibaba Group over suspected monopolistic behavior. Alibaba-affiliate Ant Group also confirmed Thursday that it had “received a meeting notice from regulators.”

The news comes on the heels of an increasing — and largely unexpected — push by Chinese authorities to rein in their biggest tech firms through regulatory action.

In Japan, the Nikkei 225 gained 0.42% while the Topix index advanced 0.49%. South Korea’s Kospi also jumped 1.24%.

Hong Kong’s Hang Seng index was 0.16% higher at 26,386.56. Stocks in mainland China lagged, as the Shanghai composite fell 0.21% by the afternoon while the Shenzhen component was 0.333% lower.

Meanwhile, shares in Australia climbed, with the S&P/ASX 200 up 0.33% to 6,664.80. The Straits Times Index in Singapore gained 0.3% to 2,842.04.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.38%.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.