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Asia opens higher, but China tech worries weigh on Hong Kong - Netscape Money & Business

Asia opens higher, but China tech worries weigh on Hong Kong By Scott Murdoch Reuters HONG KONG (Reuters) - Most Asian share markets opened a fraction higher on Tuesday, ahead of a key decision by Australia s central bank on its quantitative easing programme and despite ongoing concerns over the future regulation of China s powerful technology sector. U.S. markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to start trading on Tuesday. MSCI s broadest index of Asia-Pacific shares outside Japan was up 0.05%. In Hong Kong, the Hang Seng Index was down 0.7% while China s CSI300 was off by nearly 0.3%.

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China State Fund That Includes Alibaba to Invest in Suning Unit

China State Fund That Includes Alibaba to Invest in Suning Unit Bloomberg News, Bloomberg News (Bloomberg) A Chinese state-backed fund will take a stake in the retail arm of billionaire Zhang Jindongâs Suning empire, marking another step in Beijingâs efforts to clean up its heavily indebted conglomerates. The fund, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co. at 5.59 yuan a share, according to a statement Monday. Thatâs the same price the stock was trading at before it was halted June 16, valuing the deal at about 8.8 billion yuan ($1.36 billion).

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Asia opens higher, but China tech worries weigh on Hong Kong

Asia shares volatile as China tech worries remain Reuters 8 hrs ago By Scott Murdoch HONG KONG (Reuters) - Asian share markets were volatile on Tuesday, after Australia s central bank flagged some tapering in its quantitative easing programme and concerns over the future of China s powerful technology sector weighed down shares. U.S. markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to trading on Tuesday. MSCI s broadest index of Asia-Pacific shares outside Japan was down 0.1%. In Hong Kong, the Hang Seng Index was down 0.44%, marking its sixth day of losses, while China s CSI300 was off by nearly 0.6% to an almost two-month-low.

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GLOBAL MARKETS-Asia shares volatile as China tech worries remain

GLOBAL MARKETS-Asia shares volatile as China tech worries remain
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Oil nears three-year high after OPEC fireworks

Oil nears three-year high after OPEC fireworks
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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