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  • Aug 16, 2024

Chinese tech stocks rally as JD.com spurs earnings optimism

(Bloomberg) -- Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe Hang Seng Tech Index rose as much as 2.2%, poised for

  • Aug 16, 2024

Japan stocks lift Asian market higher after US retail data boosts Wall Street

Japanese stocks led the gains in Asian markets Friday after Wall Street rallied to one of its best days of the year as data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. It rebounded from the large selloff last week, where the higher interest rate from the Bank of Japan made investors who had borrowed in yen and invested in dollar assets sell their holdings to cover the higher costs in the “carry trades” deals.

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