Asian stocks slipped Thursday following a charge on Wall Street that drove indices to all-time highs for the second straight day.
Japan’s benchmark Nikkei 225 NIK, +0.05% fell 0.1% and Hong Kong’s Hang Seng HSI, -1.44% gave up 1.3%. The Shanghai Composite SHCOMP, -0.50% was down 0.5%.
Chinese technology stocks had rallied earlier this week as a share buyback by games and social media giant Tencent Holding Ltd. 700, -1.05% boosted sentiment. The firm’s Hong Kong-listed shares rose 0.1% on Thursday. They are also looking toward the Federal Reserve’s annual convention in Jackson Hole, Wyoming, which begins Thursday. Fed Chair Jerome Powell is scheduled to speak at the convention on Friday.
“Fact is, markets dig perceptions of Jackson Hole shifting from a harbinger of tightening to assurance of digging in on accommodation as global economies digs out of the pandemic,” said Venkateswaran Lavanya of Mizuho Bank.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta Variant Outbreaks in Sparsely Vaccinated Asian Countries Disrupt ProductionVietnam has shut down factories and imposed strict new measures to fight a rising wave of Covid-19 after emerging largely unscathed from the first 14 months of the pandemic
Read more »
Asian American leaders fear Covid-19 origin report could fuel more bigotry and violenceAsian American leaders are concerned that a report on the origins of the Covid-19 virus expected to be released this week by the Biden administration will be used to 'legitimize racist language' and lead to more anti-Asian violence across the country.
Read more »
New Asian American bakeries find bicultural sweet spotOAKLAND, Calif. (AP) — For some Asian Americans, the dim sum cookie at Sunday Bakeshop here will taste like childhood. It looks like a typical sugar cookie except with sesame seeds on top. But bite into the creamy, red bean center and it's reminiscent of the fried, filled sesame balls served at a Chinese dim sum restaurant.
Read more »
BBC Drama Looking for Stories From Asian Writers, Out of the Box Ideas for Mainstream AudiencesBBC drama is actively looking for shows from underrepresented groups, including Asian creatives and writers with disabilities, the broadcaster’s director of drama Piers Wenger said on Wednesd…
Read more »
A toxic stew of anti-Asian racism, anti-vaccine vitriol roils Orange CountyDuring the pandemic, anti-vaccine rhetoric has become increasingly routine at Orange County Board of Supervisors meetings. But one man crossed a new line when he addressed board chairman Andrew Do, who is Vietnamese American, with racist comments.
Read more »
Racial, social justice donations rose in 2020, largely from Black, Asian householdsDonations to causes for racial and social justice from American households rose by 16 percent in 2020, largely from Black and Asian households, per a new study.
Read more »