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  • Jan 08, 2025

Foreigners turn net sellers of Japanese stocks, lock in 2024 gains

Foreign investors net sold Japanese stocks in the week ended Jan. 4, taking advantage of 2024 gains while aiming to reduce risks amid an unusually long market closure. Foreigners sold a net 74 billion yen ($468.30 million) worth of Japanese stocks during the week, following net accumulations of approximately 562.7 billion yen in the previous week. They acquired approximately 1.23 trillion yen worth of Japanese stocks in 2024, primarily in the first half of the year and shed around 4.77 trillion yen worth of shares in the second half.

  • Jan 08, 2025

HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks

(Bloomberg) -- HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable policy rhetoric” in mainland China and a better outlook for the domestic economy.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Bra

  • Jan 08, 2025

Thai Central Bank Rebuffs Demand for Steps to Boost Inflation

(Bloomberg) -- Thailand’s central bank is comfortable with the outlook for subdued inflation as it focuses the monetary policy to ensure financial stability and economic growth amid rising uncertainties, a senior official said.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit t

  • Jan 08, 2025

Why Altcoins Like Cardano and Shiba Inu Were Sliding Today

Wednesday was another trading session full of losses for all types of cryptocurrencies. Several macroeconomic news items from the previous day continued to push down sentiment, as did rising bond yields. There were a great many red numbers next to the names of altcoins, both major and minor.

  • Jan 08, 2025

Los Angeles wildfire economic loss estimates top $50 billion

Raging wildfires in Los Angeles killed at least two people, destroyed hundreds of buildings and stretched firefighting resources and water supplies since they began on Tuesday, with fierce winds hindering firefighting operations and fueling the fires. AccuWeather, which estimates the loss between $52 billion and $57 billion, added that if the fire spread to densely populated neighborhoods the current estimates for loss would have to be revised upward. "Should a large number of additional structures be burned in the coming days, it may become the worst wildfire in modern California history based on the number of structures burned and economic loss," AccuWeather Chief Meteorologist Jonathan Porter said.

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