8 Articles
8 Articles
Bank relief and Alibaba plans nudge stocks higher
SINGAPORE – Asian stocks rose on Thursday with fears easing on the banking front and the prospect of a break-up at Chinese conglomerate Alibaba offering an encouraging sign that Beijing’s regulatory storm focused on tech companies might finally be clearing. MSCI’s broadest index of Asia-Pacific shares outside Japan gained for a third day in a […] The post Bank relief and Alibaba plans nudge stocks higher appeared first on Inquirer Business.
Bank relief and Alibaba plans nudge stocks higher
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks rose on Thursday with fears easing on the banking front and the prospect of a break-up at Chinese conglomerate Alibaba offering an encouraging sign that Beijing's regulatory storm focused on tech companies might finally be clearing. MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for …
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