• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Markets

Alibaba shares in Hong Kong drop 7%; other Asia markets edge higher

5 years ago
in Markets
2 min read
0 0
0
Alibaba - norvanreports

Alibaba - norvanreports

67
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Shares of Chinese tech giant Alibaba in Hong Kong were in the spotlight once again on Monday. That came after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.

By afternoon in Hong Kong, shares of Alibaba listed in the city plunged 7.01%, adding to losses for the firm. The stock had also dived last Thursday following reports that Chinese regulators will probe the tech behemoth for suspected monopolistic behavior.

Shares of other Hong Kong-listed Chinese tech firms also declined: Tencent fell 4.77% while Meituan slipped 5.3%. The broader Hang Seng Tech index shed 3.27%.

Asia markets higher

Meanwhile, stocks in Asia edged higher on Monday as the final trading week of 2020 kicked off.

In Japan, the Nikkei 225 gained 0.56% while the Topix index advanced 0.38%. South Korea’s Kospi rose 0.36%.

Mainland Chinese stocks edged higher by the afternoon, with the Shanghai composite up 0.3% while the Shenzhen component rose 0.435%. Hong Kong’s Hang Seng index hovered above the flatline.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.28%.

RelatedPosts

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

GSE Rallies on Heavy MTN Ghana Trades, YTD Return Crosses 50%

Profits at Chinese industrial firms in November rose 15.5% as compared with a year earlier, according to data released by the country’s National Bureau of Statistics over the weekend.

Markets in Australia and New Zealand are closed on Monday for a holiday.

TICKER COMPANY NAME PRICE CHANGE %CHANGE 
.N225Nikkei 225 IndexNIKKEI26794.39137.780.52
.HSIHang Seng IndexHSI26369.31-17.25-0.07
.AXJOS&P/ASX 200ASX 2006664.8021.700.33
.SSECShanghaiSHANGHAI3398.461.900.06
.KS11KOSPI IndexKOSPI2815.508.640.31
.FTFCNBCACNBC 100 ASIA IDXCNBC 10010398.439.480.09

In coronavirus developments, U.S. President Donald Trump signed a Covid relief and government funding bill days after he suggested he would block it.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.198 after declining from levels above 90.4 in recent days.

The Japanese yen traded at 103.56 per dollar after seeing levels below 103.4 against the greenback last week. The Australian dollar changed hands at $0.7609 after recovering from a plunge to levels below $0.75 last week.

Oil prices dipped in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.43% to $51.07 per barrel. U.S. crude futures also declined 0.31% to $48.08 per barrel.

Source: cnbc
Via: norvanreports
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.