Hong Kong stocks rise around 3% after reports say city is considering Covid rule easing - CNBC

China's wellness authorities announced guidelines for treating Covid patients astatine home on Thursday, a time aft formalizing a argumentation that allows most infected patients to quarantine astatine home, as portion of easing measures successful the country.

The announcement connected the National Health Commission's website said patients should isolate successful a abstracted country if possible, and aforesaid administer antigen tests.

While noting patients with acute symptoms should spell to a hospital, the announcement included instructions for patients with milder symptoms to show their wellness astatine location and instrumentality medicine arsenic needed.

The committee included a database of medicines used to dainty Covid symptoms.

Health authorities are slated to clasp a property briefing astatine 3 p.m. section time.

— Abigail Ng, Evelyn Cheng

Fitch Ratings expects location prices successful Australia to spot a important driblet of betwixt 7% to 10% adjacent year, it said successful its latest outlook report.

The bureau besides predicts that China's location prices volition autumn by 1% to 3% adjacent year.

"We expect prices to diminution further successful 2023 earlier bottoming retired but owe show to lone modestly deteriorate, successful the look of economical headwinds," Tracy Wan of Fitch Ratings said successful the report.

However, location prices successful Japan could subordinate the inclination to emergence by 2% to 4% successful 2023, the study said. Australia's prices are forecast to emergence successful 2024.

– Jihye Lee

Japan's system saw an annualized quarterly contraction of 0.8% successful the 3rd quarter, with the revised gross home product speechmaking beating expectations successful a Reuters survey for a 1.1% contraction.

The government's archetypal preliminary estimation released successful November was a 1.2% decline.

The federation besides reported a 64.1 cardinal yen ($469.3 million) shortage successful its unadjusted existent relationship balance, government data showed. The speechmaking importantly missed estimates for a surplus of 623.4 cardinal yen successful a abstracted Reuters poll.

– Jihye Lee

Australia's commercialized surplus for October came successful astatine 12.2 cardinal Australian dollars ($8.19 billion), somewhat larger than expected, official information showed.

Economists polled by Reuters predicted a people of 12.1 cardinal Australian dollars, expecting a further driblet than reported – aft the system saw a commercialized surplus of 12.4 cardinal Australian dollars.

Exports fell 0.9%, and imports declined 0.7%.

— Abigail Ng

Stocks closed mostly little Wednesday, with the S&P 500 slipping 0.19% to adjacent astatine 3,933.92.

The Dow Jones Industrial Average closed flat, oregon 1.58 points higher, to decorativeness the league astatine 33,597.92. The Nasdaq Composite fell 0.51% to extremity astatine 10,958.55.

— Samantha Subin

A shortage of semiconductors during a roar successful electric-vehicle income could assistance rise profits astatine a fistful of spot makers, according to Bank of America.

The Wall Street slope predicted that 2 spot stocks could spot their stock prices emergence by much than 75% connected the backmost of that trend.

CNBC Pro subscribers tin work much here.

— Ganesh Rao

Don't beryllium amazed if economical information coming retired implicit the adjacent week kicks disconnected a rally into the extremity of the twelvemonth and perchance 2023, according to Andrew Slimmon, Morgan Stanley Investment Management's elder portfolio manager.

The cardinal play of information releases begins Friday with the shaper terms index, followed by November's user terms scale and different apt complaint hike from the Federal Reserve adjacent week.

"The past clip those were released they each led to rallies successful the banal marketplace due to the fact that we had amended ostentation prints," helium said.

Like galore investors, Slimmon expects a downturn ahead, fixed the inverted output curve, but does not expect the "big net collapse," oregon downturn, galore radical are predicting successful the archetypal quarter.

This is successful portion owed to the information that galore consumers person beefed up savings successful caller years fixed the proximity of the astir caller recession.

"The connection of this twelvemonth is that the system has proven acold much resilient than galore radical expect and I don't deliberation adjacent 4th is going to beryllium the extremity of that," helium said.

— Samantha Subin

It's been a tumultuous twelvemonth for tech companies, arsenic investors fly maturation stocks successful the look of rising involvement rates, and different headwinds.

Apple has held up amended amid the tech carnage, though determination person been immoderate headwinds.

Two investors faced disconnected connected CNBC's "Street Signs Asia" connected Wednesday to marque a lawsuit for and against buying the stock.

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— Weizhen Tan