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Stock impact report

Japan, Hong Kong stocks fall 2% as investors digest Fed remarks [MSNBC.com]

Bilibili Inc. - American Depositary Shares (BILI) 
Last bilibili inc. - american depositary shares earnings: 3/17 07:00 pm Check Earnings Report
Company Research Source: MSNBC.com
SINGAPORE — Asia-Pacific markets declined on Thursday as investors digest an overnight update from the U.S. Federal Reserve that indicated the central bank plans toraise interest rates as soon as March.Hong Kong's Hang Seng index fell 2.23% while the tech-focused Hang Seng Tech index declined 3.97%.Hong Kong-listed shares of major Chinese tech names were down sharply: Alibaba shares fell 6.16%, JD was down 4.92%, Meituan fell 7.02%, Baidu was down 3.37% and Tencent lost 2.79%. Bilibili plunged nearly 11%.Elsewhere, mainland markets also fell. The Shanghai Composite declined 1.17%, and the Shenzhen Component slid 1.55%.In Japan, theNikkei 225Samsung Electronics reported a 53% jump in operating profit in the fourth quarter of 2021 compared to the year before, but it was down 12% from the previous three months.The global chipmaker said its money-making memory business expects server demand to grow in 2022 as companies increase their investments into information technology, but supply cha Show less Read more
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