Hong Kong shares bucked 5-day losing streaks to gain 2%. Asian markets are mixed.


3 hours ago

Malaysian sovereign wealth fund seeks superior portfolio resilience in volatile markets

Malaysian sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio to be more resilient to market volatility, its managing director said.

Khazanah’s net worth in 2018 The fund said in March that it was down 5% to 81 billion ringgit ($17.4 billion) in 2022, from a year earlier, amid a slowdown in global markets. The Kuala Lumpur-based fund invests more than half of its portfolio in public markets.

Read the full story here.

– Clement Tan

3 hours ago

Despite the verbal warning, the Japanese yen lingers at a 7-month low against the US dollar

Japan’s yen remained at a seven-month low despite the country’s finance minister warning that the government would respond if the currency depreciated too much.

The yen was trading at 143 yen to the US dollar, the weakest since Nov. 11, after falling to 146.2 yen.

This follows a similar warning from International Affairs Vice Finance Minister Masato Kanda on Monday.

Last year, Japan’s finance ministry intervened with about $68 billion to devalue the yen on three separate days: September 22, October 21 and October 24 – when the currency hit 150 against the greenback, weakening to levels not seen since 1990.

The policy divergence between the Bank of Japan’s ultra-easy monetary policy and the U.S. Federal Reserve’s aggressive tightening stance on inflation is weighing on the dollar’s strength.

– Clement Tan

3 hours ago

The Mongolian Prime Minister’s visit to China was “very important” for trade and cooperation, the Mongolian minister said

Mongolia’s Deputy Minister of Economy and Development, Tuvdendorj Gantumur, said that while Mongolia wants to expand its economy, the country needs agricultural exports and investment in the mining sector.

6 hours ago

Shares in Singapore-listed Yangzijiang Shipbuilding rose 7 percent after the Maersk contract win.

Shares of Singapore-listed shipbuilder Yangzijiang Shipbuilding rose more than 6 percent on Tuesday after it announced it had won a contract from shipping company Maersk to build methanol bi-fuel container ships.

Each of these ships has an equivalent unit of 9,000 twenty feet. The Maersk deal is the company’s first order win for methanol dual-fuel containers.

The six vessels ordered will be built entirely in-house and will be delivered between 2026 and 2027.

8 hours ago

CNBC Pro: Buy this set of stocks to plug ‘huge skills gap’ on aging US, fund manager says

There is one stock that “resonates the most” to Danny Saurimper, a fund that invests in many sectors that cater to an aging population.

“It’s not necessarily the biggest holding in the portfolio, but the theme of social change, demographic change, and bringing industry back to the people is what resonates most for me.” Saurimper told CNBC Pro Talks last week.

CNBC Pro subscribers can read more here.

– Weizen Tan

8 hours ago

CNBC Pro: Big Tech Fund Manager shows how to manage valuations and which stocks to buy

Patrick Armstrong, chief investment officer at Plurimi Wealth, said a roughly 15% rally in the S&P 500, led by the tech sector, could be missed.

But the fund manager isn’t selling his Big Tech positions.

Armstrong, who runs the Plurimi AI Global Equity Strategy, explains how he trades mega-caps and buys stocks. He predicted how the tech sector could trade in the next half year if a recession hits.

CNBC Pro subscribers can read more here.

– Ganesh Rao

12 hours ago

Nasdaq is down 1.2% to start the week

Stocks ended lower on Monday to start the final trading week for the second quarter and first half.

The Nasdaq Composite fell 1.16% to settle at 13,335.78, while the S&P 500 lost 0.45% to close at 4,328.82. The Dow Jones industrial average was down 12.72 points, or 0.04%, at 33,714.71.

– Samantha Subin

16 hours ago

The pressure of the technology giants Nasdaq composition

16 hours ago

Berkshire continues to reduce its stake in Chinese electric car maker BID.

20 hours ago

Oil prices are stable after the Russian disaster.

Oil prices rallied on Monday, paring some early gains, as investors watched for further declines in Russia’s attempted coup that could disrupt energy supplies from the world’s biggest oil producers.

West Texas Intermediate futures were up 0.61% at $69.58, after initially rising as much as 1.3% to settle below $70 a barrel on Monday, then a 4% decline last week. Brent crude was trading 0.66% higher at $74.35.

– Clement Tan, Sarah Min


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