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Trump trade wind just a breeze for Asia stocks inured to pain

A file photo of US President Donald Trump. Stefan Hofer, Asia chief investment strategist at LGT Bank AG, says Hong Kong’s stock market is relatively insulated from trade war concerns with the local economy dominated by financials and property companies. Photo: Reuters Hong Kong: While trade paranoia engulfed everything from US index futures to the dollar and bond markets, it was a different story for Asian equities, as investors weighed competing risk factors affecting the outlook for a region square in the targets of President Donald Trump. Stocks across the Asia-Pacific…

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Box’s New Service Allows Customers to Store Data in Europe, Asia

Cloud storage provider Box Inc unveiled a service that allows businesses in Europe and Asia to store data regionally, at a time when governments demand greater protection for their data in the backdrop of revelations about massive US surveillance programs. Box Zones, to be available next month, uses the cloud services of Amazon Inc and International Business Machines (IBM) to store its customers’ data across Germany, Ireland, Singapore and Japan, Box said on Tuesday. The company, which serves about 57,000 customers including Unilever Plc and Home Depot Inc, has witnessed…

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Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Hong Kong: Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015. In a ballot on Tuesday, BlackRock rejected G-Resources Group Ltd’s plan to sell its main asset, an Indonesian gold mine, saying it didn’t have confidence G-Resources would use the proceeds in investors’ best interests. Owning 8 percent of G-Resources, BlackRock urged other shareholders to follow suit. G-Resources, which has said it…

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