News Formal

Asia markets mostly rise while China stocks falter; investors assess Japan inflation, Singapore GDP data

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 27 min. at publisher
  • 📊 Quality Score:
  • News: 96%
  • Publisher: 72%

SHENZHEN COMPONENT INDEX News

ICE Brent Crude (Apr'23),WTI Crude (Mar'23),Australian Dollar/US Dollar FX Spot Rate

Singapore third-quarter GDP expanded 5.4% from a year ago, outpacing the revised 3.0% in the prior quarter.

Alibaba Group's Hong Kong-listed shares dropped as much as 3.8% on Friday, a day after the company announced plans to merge all of its e-commerce arms, both domestic and international, under a single business unit, overseen by one leader.

Jiang Fan, who served as acting CEO of Alibaba's domestic e-commerce operations, has been tapped to lead the new unit. This is the first time that the Chinese tech giant has put all of its e-commerce platforms under one business unit run by a single leader , Reuters reported.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China stocks rise on better-than-expected PMI data amid broad declines in Asia marketsAsian traders assessed third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers' index reading for October.
Source: CNBC - 🏆 12. / 72 Read more »