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.

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 UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 »