Hong Kong stocks lead losses as China’s Covid cases rise; Asian markets are mixed

Hong Kong stocks lead losses as China’s Covid cases rise;  Asian markets are mixed

Shares of JD.com fell after the company cut the salaries of top management Shares listed in Hong Kong JD.com was trading more than 5% lower in the afternoon after the company confirmed pay cuts to its senior management team. The Chinese e-commerce giant has confirmed it will cut the cash pay of its top management … Read more

Asia-Pacific markets are trading lower; China keeps the LPR stable

Asia-Pacific markets are trading lower;  China keeps the LPR stable

Japanese department stores rise as Berkshire Hathaway reportedly raises stake Shares in some Japanese department stores rose at the start of the Asian session despite retreats in the region’s markets after billionaire Warren Buffett’s Berkshire Hathaway boosted its holdings in firms, according to regulatory filings. Berkshire increased its stake by more than 1 percentage point … Read more

S&P 500 futures fall slightly ahead of higher retail earnings before Thanksgiving

S&P 500 futures fall slightly ahead of higher retail earnings before Thanksgiving

Traders on the floor of the NYSE, October 21, 2022. Source: NYSE S&P 500 futures fell slightly on Sunday evening ahead of another batch of retail gains to kick off a shortened Thanksgiving week. Futures tied to a broad market index were down 0.1%. Dow Jones Industrial Average futures were down 38 points, or 0.1%. … Read more