The Hang Seng Index opened 1.5% higher, climbing 256.71 to 17,148.54, as stocks gain for the third straight day in Hong Kong. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 2.2%. Semiconductor Manufacturing International Corp. had the largest increase, rising 8.2%. In early trading, 76 of 82 shares rose, while 3…
China’s consumer prices rose at a faster-than-expected rate in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector in the face of a sputtering economic recovery. The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports at a time of soft…
The dollar retreated in Asian trading Friday as risk appetite improved in the region following strong gains on Wall Street overnight. The yen fluctuated between gains and losses. USD/JPY was little changed at 147.18, paring an earlier 0.4% advance; the pair has been whipsawed this week, falling as low as 141.70 as yen-carry positions were unwound…
