
Moderna to create a renewed vaccine facility in Britain
June 23, 2022: -U.S. biotech company Moderna will build a recent research and manufacturing center in Britain to develop …
April 5, 2022: -On Monday, Hong Kong’s Hang Seng index led gains among the major Asia-Pacific markets as Chinese tech stocks in the city jumped.
The Hang Seng index gained 2.1% to close at 22,502.31 as shares of Tencent increased 2.96%. Different Chinese tech stocks increased. Alibaba was increased by 3.65%, while NetEase soared by 6.62%.
Investor sentiment is buoyed by a recent signal by Chinese authorities of progress toward which resolves an audit dispute that’s threatened U.S.-listed Chinese firms with delisting.
However, the city’s chief executive Carrie Lam announced that she would not be pursuing a second term in office. Markets in mainland China are closing on Monday and Tuesday this week for holidays.
On Monday, the Nikkei 225 in Japan is swinging between positive and negative territory before closing 0.25% higher at 27,736.47. The Topix index is climbing 0.48% to 1,953.63.
South Korea’s Kospi is climbing 0.66% on the day to 2,757.90. Elsewhere in Australia, the S&P/ASX 200 increase 0.27%, closing at 7,513.70. The S&P SL20 index closed 1.48% lower at 2,788.97 as the country sees economic and political turmoil.
In a Monday tweet, Sri Lanka’s central bank governor announced that he had submitted his resignation to the country’s president. The country’s Youth and Sports Minister Namal Rajapaksa announced his resignation on Twitter.
MSCI’s broadest index of Asia-Pacific shares outside Japan is gaining 1.1%.
On Friday, closely watched part of U.S. Treasury yields inverted as short-term rates increased following the release of jobs data stateside, raising concerns over a potential recession.
The benchmark 10-year Treasury yield in the previous sat at 2.3988%, while the rate on the 2-year Treasury note was at 2.4546%. Yields move inversely to prices, with one basis point equal 0.01%.
Yield curve inversions have historically happened ahead of recessions. However, many economists believe the curve needs to stay inverted for a substantial time before it gives a valid signal.
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June 23, 2022: -U.S. biotech company Moderna will build a recent research and manufacturing center in Britain to develop …
June 23, 2022: -Chinese companies that produce raw materials for electric vehicle batteries show indications …
June 23, 2022: -On Wednesday, U.S. stock index futures decreased after the major averages increased during …
June 22, 2022: -On Monday, the Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to grow …
June 22, 2022: -Europe and the U.S. face a high likelihood of recession as central banks are forced to tighten …
June 22, 2022: -On Tuesday, Kellogg announced that it intends to separate into three independent public companies, which …