The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA’s Oliver Matthew. With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC’s “Squawk Box Asia” on Wednesday that … Read more
SINGAPORE – Shares in Asia-Pacific rose in Wednesday morning trade, with stocks in Hong Kong leading gains regionally. In early trading on Wednesday, the Hang Seng index in Hong Kong soared 2.06% as Chinese tech stocks bounced back from their Tuesday losses. Shares of Alibaba jumped 6.12% while Tencent gained 2.09% and Netease advanced 5.59%. … Read more
SINGAPORE – Shares in Asia-Pacific were mixed in Tuesday trade, as the Chinese markets led losses regionally. The Shenzhen component in mainland China plunged 2.771% by the afternoon, while the Shanghai composite shed 0.9%. Hong Kong’s Hang Seng index also fell 1.54%, as Chinese tech stocks in the city dropped: Alibaba plunged 3.48% and Tencent … Read more