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FACTBOX-What measures are Asian policymakers taking as market rout deepens?
HONG KONG, April 8 (Reuters) - Policymakers across Asia are preparing measures to support financial markets as a rout deepened following sweeping tariffs announced by U.S. President Donald Trump that stoked widespread recession worries. Here are some of the announcements so far: CHINAChina's sov...Reuters
Apr 8, 2025
Australia's Boss Energy among top ASX gainers on ramping up US project
** Shares of Boss Energy BOE.AX rise 7.4% to A$2.255** Stock among the top percentage gainers on the ASX 200 benchmark index ** Uranium miner says the Alta Mesa project, in which it holds a 30% stake, is preparing to produce up to an annualized production rate of 1.5 million pounds of uranium ** Alt...Reuters
Apr 8, 2025
Block's Australia-listed shares rebound on Bitcoin recovery
** ASX-listed shares of Block XYZ.AX soars as much as 11.8% to A$85.920; marks biggest intraday pct gain since February 2024** Bitcoin-based revenue makes up ~40% of technology co's top line** Bitcoin stabilises on the day after plunging to five-month low on Monday, while investors await further...Reuters
Apr 8, 2025
U.S.-Japan Tariff Talks May Get "Priority" Treatment, Nikkei Surges 6%! A Familiar Opportunity to Buy the Dip in Japanese Stocks
TradingKey - Following the "Black Monday" on April 7, when U.S. reciprocal tariffs rattled global markets and sent Japan's stock market plunging nearly 8%, positive developments in U.S.-Japan tariff negotiations have sparked a strong rebound in Japanese equities. The sharp reversal has reminded...
TradingKey
Apr 8, 2025
Aloca's Australian shares recover from record lows as metal prices rebound
** Shares of Australian bourse-listed Alcoa AAI.AX rise as much as 6.5% to A$41.545, their biggest intraday pct gain since November 18, 2024** The aluminium major hit a record low in the previous session as metal prices weakened amid global markets and commodities sell-off on recession fears** Alumi...Reuters
Apr 8, 2025
Australia-listed copper miners rebound as metals prices stabilise
** Australian bourse-listed copper miners recover after experiencing heavy sell-offs in the previous session due to economic uncertainty** Copper prices, however, recover as investors await further clues on the global economic outlook, with the copper benchmark posting marginal gains MET/L** Austral...Reuters
Apr 8, 2025
INDIA STOCKS-India's benchmark Nifty set to rebound after $280 billion wipeout in three sessions
By Bharath Rajeswaran April 8 (Reuters) - India's benchmark Nifty 50 is set to open higher on Tuesday, rebounding after it logged its steepest single-day drop in 10 months as a U.S. tariff-fuelled selloff triggered anxiety among investors.The GIFT Nifty futures GIFc1 were trading at 22,683 as...Reuters
Apr 8, 2025
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes
TOKYO, April 8 (Reuters) - Japan's Nikkei share average climbed 6% on Tuesday, rebounding from a 1-1/2-year low hit in the previous session, as investors scooped up stocks, encouraged by signs of a recovery on Wall Street. As of 0202 GMT, the Nikkei index .N225 was up 6.5% at 33,161.72, while th...Reuters
Apr 8, 2025
Introducing the Spectacular Novautek AI Robot Pioneering a New Era in Intelligent Education
(8 April 2025, Hong Kong) Novautek Technologies Group Limited (“Novautek”, stock code: 519.HK) proudly announces the official unveiling of its AI robot, S2 (“Novautek AI Robot”), at a ceremony held on a Hong Kong campus on 3 April 2025. This event marks a significant advancement in Novautek's application of intelligent education scenarios.The unveiling ceremony was presided over by the Under Secretary for Education, with over a hundred representatives from the education sector in attendance. Throughout the event, the Novautek AI Robot utilized its diverse AI interaction system featuring core functions such as intelligent Q&A and precise navigation, served as the receptionist throughout the ceremony and engaged in various interactions with guests.The Novautek AI Robot leads the Under Secretary for Education and the guests into the ceremony.The Government of the Hong Kong Special Administrative Region places a high priority on the development of intelligent education and has included artificial intelligence education as a key initiative in the "Hong Kong Innovation and Technology Development Blueprint". According to the 2025-26 Budget announcement, the government will allocate an additional HKD 800 million over the next three years (2025-2028) to promote the procurement of intelligent teaching equipment, teacher training, and data infrastructure upgrades.With the continuous support of government policies and an increase in resource investment, alongside the innovative capabilities of local technology companies, Hong Kong is poised to emerge as a hub for intelligent education in the Asia-Pacific region within the next five years, further solidifying its position as an International Innovation and Technology Centre. The Novautek AI Robot also aspires to advance the development of intelligent education in Hong Kong through collaboration with the government in the educational sector.- END -About Novautek Technologies Group LimitedThe principal businesses of Novautek Technologies Group Limited include autonomous driving, property development, property investment, and investment holding. The Group successfully established Novautek Autonomous Driving Limited in 2023 and set up an autonomous driving business in 2024, focusing on developing products and services related to autonomous driving technology for specific scenarios such as cleaning, security, warehousing, logistics and transportation. Based in Hong Kong, the Group not only serves the local market but also promotes its high-tech products to the world. This press release is issued by DLK Advisory Limited on behalf of Novautek Technologies Group Limited.DLK Advisory 金通策略pr@dlkadvisory.comTel: +852 2857 7101Fax: +852 2857 710308/04/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Apr 8, 2025
Australia's CurveBeam AI rises as co fears no material impact from US tariffs
** Shares of CurveBeam AI CVB.AX rise as much as 6.8% to A$0.094, their biggest intraday pct gain since March 31** The medical equipment manufacturer says that it expects no material impact from tariffs announced by U.S. President Donald Trump** Co highlights that it conducts majority of its manufac...Reuters
Apr 8, 2025
Australia's MTM Critical Metals gains on e-waste supply deal with US firm
** Shares of MTM Critical Metals MTM.AX rise 20% to A$0.150** Stock set for its strongest session since March 21, if current trend holds** MTM set to rise after falling for three consecutive sessions** Critical metals explorer signs an e-waste supply agreement with U.S.-based recycling firm Dynamic ...Reuters
Apr 8, 2025
GLOBAL MARKETS-Japan leads Asian equity bounce, yields rise on trade optimism
Treasury Secretary Bessent to lead trade negotiations with JapanJapan's Nikkei surges 5.6%, JGB yields rise from 3-month lowsHong Kong equities gain despite Trump's hard line on BeijingCrude oil rebounds from nearly four-year lowsBy Kevin Buckland TOKYO, April 8 (Reuters) - Asian stocks b...Reuters
Apr 8, 2025
China financial regulator to raise insurance funds' limits for stock investment
BEIJING, April 8 (Reuters) - China's financial regulator plans to raise limits for insurance funds' investment in the stock market, as part of action taken to increase support for capital markets and the real economy.It will raise the upper limit of the equity asset allocation ratio of some ...Reuters
Apr 8, 2025
Japan's Nikkei jumps 6%, rebounds from 1-1/2-year low on US tech boost
TOKYO, April 8 (Reuters) - Japan's Nikkei share average rose 6% on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous session, as local traders assessed strong performances of U.S. technology stocks.Reuters
Apr 8, 2025
Levi Strauss maintains annual forecast, shares surge more than 7%
Levi Strauss posts quarterly profit ahead of Wall Street targetsCEO Gass highlights strong margin structure, agile supply chainUnchanged forecast reflects planning difficulty amid tariff uncertainty, analyst saysBy Savyata Mishra April 7 (Reuters) - Levi Strauss LEVI.N maintained on Monday its a...Reuters
Apr 8, 2025
PRECIOUS-Gold prices recover as trade war tensions lift safe-haven demand
April 8 (Reuters) - Gold prices edged higher on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted demand for safe-haven assets. FUNDAMENTALS* Spot gold XAU= was up 0.3% at...Reuters
Apr 8, 2025
China financial regulator to raise insurance funds' limits for stock investment
BEIJING, April 8 (Reuters) - China's financial regulator plans to increase the proportion for insurance funds to invest in the stock market as part of actions it will take to increase support for the capital market and the real economy. It will raise the upper limit of the equity asset allocatio...Reuters
Apr 8, 2025
US STOCKS-Dow, S&P 500 end wild session lower, Trump digs in on tariffs
April 7 (Reuters) - The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as U.S. President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China.Reuters
Apr 8, 2025
Levi Strauss warns of tariff uncertainty in 2025, maintains annual forecast
By Savyata Mishra April 7 (Reuters) - Levi Strauss LEVI.N on Monday said the impact from the Trump administration's tariffs on its results in fiscal 2025 is uncertain, and maintained its annual forecast for sales and profit. Shares of the denim maker, which is shoring up margins by cut...Reuters
Apr 7, 2025
WRAPUP 11-Trump threatens to hike China tariffs further as market plunge continues
Trump threatens to further hike China tariffsEU floats 25% counter-tariffsAsian and European stocks plunge, US Dow and S&P indexes end lowerCountries seek to negotiate ahead of Wednesday deadlineChina calls Trump's threat "economic bullying" By Steve Holland, Doina Chiacu, Julia Payn...Reuters
Apr 7, 2025
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