These Are the World's Best Airports in 2025
Singapore's Changi regained the title of world's best airport in 2025, edging out Doha's Hamad International, which took the number one spot last year.
Overall, Asian airports led the rankings at the Skytrax World Airport Awards 2025, with Tokyo's Haneda and Narita, and Seoul's Incheon rounding out the top five.
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2 hours ago
Asian shares mostly gain ahead of Friday's US jobs report
TOKYO -- Asian shares were mostly higher Friday ahead of an update on the U.S. job market that will offer insights into how the economy is faring. U.S. futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The U.S. Labor Department is due to report how many more jobs U.S. employers created than destroyed during May. The expectation on Wall Street is for a slowdown in hiring from April. A resilient job market has been one of the linchpins that's propped up the U.S. economy, and the worry is that all the uncertainty created by President Donald Trump's on-and-off tariffs could push businesses to freeze their hiring. A report on Thursday said more U.S. workers applied for unemployment benefits last week than economists expected. The number remains relatively low compared with history, but it still hit its highest level in eight months. The data came as Procter & Gamble, the giant behind such brands as Pampers diapers and Cascade dish detergent, said it will cut up to 7,000 jobs over the next two years. Its stock fell 1.9%. The day's heaviest weight on the market was Tesla, which tumbled 14.3%. It's lost nearly 30% of its value so far this year as CEO Elon Musk's relationship with Trump sours amid a disagreement over the president's signature bill of tax cuts and spending. In after-hours trading Tesla gained 0.8%. Brown-Forman, the company behind Jack Daniel's and Woodford Reserve, dropped 17.9% for its worst day since it began trading in 1972. Hopes that Trump will lower his tariffs after reaching trade deals with other countries have been among the main reasons the S&P 500 has rallied back so furiously since dropping roughly 20% from its record two months ago. It's now back within 3.3% of its all-time high. Trump boosted such hopes Thursday after saying he had 'a very good phone call' with China's leader, Xi Jinping, about trade and that 'their respective teams will be meeting shortly at a location to be determined.' It's an easing of tensions after the world's two largest economies had earlier accused each other of violating the agreement that had paused their stiff tariffs against each other, which threatened to drag the economy into a recession. Markets took the latest signs of detente with Beijing coolly, given that nothing is assured in Trump's on-and-off rollout of tariffs. Among Wall Street's winners was MongoDB, which jumped 12.8% after the database company likewise delivered a stronger profit than analysts expected. Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, surged 168.5% in its first day of trading on the New York Stock Exchange. The yield on the 10-year Treasury held steady at 4.40%, up from 4.37% late Wednesday after tumbling from 4.46% the day before. Yields dropped so sharply on Wednesday as expectations built that the Federal Reserve will need to cut interest rates later this year to prop up an economy potentially weakened by tariffs. In other dealings early Friday, U.S. benchmark crude oil lost 21 cents to $63.16 per barrel. Brent crude, the international standard, fell 18 cents to $65.16 per barrel.
CNBC
2 hours ago
- CNBC
CNBC Daily Open: Trump and Musk's breakup spills into the markets
Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials. On Thursday, "So much for being Mr. NICE GUY" Donald Trump reverted to being a nice guy and had a "very good call," in his words, with Chinese president Xi Jinping over trade issues. Following the call, Trump said that officials from both countries will meet to negotiate further. Trump had previously described the process of reaching an agreement with Xi as "extremely hard," while Treasury Secretary Scott Bessent said that talks between the U.S. and China are "a bit stalled," which makes the positive outcome of the call even more of a breakthrough. But Trump's no longer playing nice with Elon Musk. Just last Friday, the U.S. president at a farewell ceremony to Musk's role at DOGE called the latter "terrific" and said "he will, always, be with us." Starting from the weekend, however, Musk began blasting Trump's "big, beautiful bill," which on Thursday culminated in a public spat between the former compatriots in the White House. Trump acknowledged Thursday that "Elon and I had a great relationship" — note the use of the past tense — but he doesn't know "if we will anymore." Unlike the twists and turns of a television series, however, the White House's relationships with others — a drama equally or more entertaining than fiction to some — have concrete effects on the economy and markets. Tesla's shares, for instance, tanked 14% after its CEO feuded with the U.S. President. A viewer cannot be completely absorbed, lest, in losing themselves in the spectacle, they lose their investments as well. Ugly spat between Trump and Musk U.S. President Donald Trump on Thursday called Tesla CEO Elon Musk "CRAZY" and threatened to cut his companies' government contracts as the two men feuded over a major tax bill. In response, Musk said Space X will begin decommissioning its Dragon spacecraft "immediately." "Without me, Trump would have lost the election," Musk added later. Shares of Tesla sank more than 14% and shed $152 billion in value from the electric vehicle maker. Trump talks to Xi on tradeTrump and his Chinese counterpart Xi Jinping on Thursday had a "very good call" for about 90 minutes which focused "almost entirely" on trade, Trump wrote on Truth Social. He added that U.S. and China officials will meet soon for more talks to resolve an ongoing trade war. Beijing's Ministry of Foreign Affairs and China's embassy in the U.S. said earlier Thursday that Trump had requested the call with Xi. U.S. markets dragged down by TeslaU.S. stocks fell Thursday, weighed down by Tesla shares tanking. The S&P 500 retreated 0.53%, the Dow Jones Industrial Average lost 0.25% and the Nasdaq Composite lost 0.83%. But Microsoft's stocks climbed 0.8% to hit a record and reclaim the title of the world's largest company by market capitalization. Asia-Pacific markets were mixed Friday. India's Nifty 50 was up by 0.95% at 1:45 p.m. in Singapore after the country's central bank slashed interest rates. Hong Kong's Hang Seng Index, however, slipped 0.4%. India's central bank delivers outsized cutThe Reserve Bank of India lowered its benchmark policy rate to 5.5% from 6%, the lowest level since August 2022. Economists polled by Reuters had expected the bank to reduce rates by 25 basis points. The decision comes India reported better-than-expected gross domestic product growth in its fiscal fourth quarter. However, the RBI held its full-year GDP estimate at 6.5%, marking a sharp slowdown from the 9.2% seen in the previous financial year. Circle shares pop after IPOShares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering. The stock opened at $69 on the New York Stock Exchange after its IPO priced at $31. At one point, shares traded as high as $103.75. Circle joins Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in America. [PRO] Tariffs might benefit LSEThe London Stock Exchange has struggled to entice companies looking to go public — but some market watchers say a tariffs-driven diversification away from the U.S. could help the U.K. win back a greater share of the IPO market. Trump and Musk feud draws reactions from billionaires, politicians and pundits. Here's who said what Trump and Musk seemed inseparable not so long ago: attending events together, doing joint interviews and showering praises on each other. All that changed overnight. Billionaire Bill Ackman on Thursday urged Trump and Musk to stop fighting. The two men should "make peace for the benefit of our great country," Ackman said on X. Tesla bull Ross Gerber, head of Gerber Kawasaki Wealth and Investment Management, had harsh words for Musk in a series of X posts, stating that Elon was "now attacking all the people he helped put in power." Others in Trump's orbit, such as former senior Trump advisor Steve Bannon, who has clashed with Musk in recent months, were also critical of Musk, saying that Trump should sign an executive order to take control of SpaceX.
Yahoo
3 hours ago
- Yahoo
3 Asian Penny Stocks With Market Caps Below US$800M
As Asian markets navigate the complexities of global trade tensions and economic shifts, investors are increasingly looking for opportunities beyond the major indices. Penny stocks, a term that may seem outdated but remains significant, refer to smaller or newer companies that can offer unique investment opportunities. In this article, we explore three such penny stocks in Asia that stand out for their financial strength and potential for growth, providing investors with a chance to uncover hidden value in lesser-known companies. Name Share Price Market Cap Financial Health Rating Lever Style (SEHK:1346) HK$1.15 HK$725.59M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$1.88 HK$3.25B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.09 HK$1.74B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.44 SGD178.33M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.20 HK$2B ★★★★★★ Halcyon Technology (SET:HTECH) THB2.66 THB798M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.31 SGD9.09B ★★★★★☆ Beng Kuang Marine (SGX:BEZ) SGD0.176 SGD35.06M ★★★★★★ BRC Asia (SGX:BEC) SGD3.11 SGD853.23M ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$4.38 HK$50.15B ★★★★★★ Click here to see the full list of 1,153 stocks from our Asian Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Scales Corporation Limited is involved in the manufacturing and trading of food ingredients across New Zealand, Asia, Europe, North America, and other international markets, with a market cap of NZ$648.15 million. Operations: The company generates revenue from three main segments: Horticulture (NZ$248.88 million), Global Proteins (NZ$266.79 million), and Logistics (NZ$98.80 million). Market Cap: NZ$648.15M Scales Corporation Limited, with a market cap of NZ$648.15 million, demonstrates strong financial health as its short-term assets cover both short-term and long-term liabilities. The company has achieved significant earnings growth of 486.9% over the past year, surpassing industry averages and improving its net profit margins from 0.9% to 5.3%. Despite this growth, it trades at a substantial discount to its estimated fair value, suggesting potential for appreciation. Debt management is robust with cash flow well covering debt obligations and interest payments comfortably managed by EBIT. Management's experience further supports operational stability without recent shareholder dilution concerns. Click here and access our complete financial health analysis report to understand the dynamics of Scales. Gain insights into Scales' future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Tian Ge Interactive Holdings Limited operates live social video platforms and other services in China and internationally, with a market cap of HK$773.88 million. Operations: The company's revenue primarily comes from its Online Interactive Entertainment segment, which generated CN¥5.64 million. Market Cap: HK$773.88M Tian Ge Interactive Holdings has transitioned to profitability, reporting a net income of CN¥20 million for 2024 compared to a significant loss the previous year. Despite low revenue of CN¥10.16 million, the company's financial performance improved due to increased fair value of financial assets and unlisted equity investments. However, its dividend yield is not well-supported by earnings or cash flow. The company maintains more cash than debt but struggles with negative operating cash flow impacting debt coverage. Recent board changes indicate strategic shifts, with experienced management potentially enhancing governance and operational synergies in the future. Take a closer look at Tian Ge Interactive Holdings' potential here in our financial health report. Explore historical data to track Tian Ge Interactive Holdings' performance over time in our past results report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: China Travel International Investment Hong Kong Limited offers travel and tourism services, with a market capitalization of HK$5.92 billion. Operations: The company's revenue is primarily derived from Tourist Attraction and Related Operations at HK$2.35 billion, Passenger Transportation Operations at HK$1.09 billion, Hotel Operations at HK$820.65 million, and Travel Document and Related Operations at HK$344.02 million. Market Cap: HK$5.92B China Travel International Investment Hong Kong Limited, with a market cap of HK$5.92 billion, primarily generates revenue from tourist attractions and transportation services. Despite having more cash than debt and stable short-term liabilities coverage, the company faces challenges with declining profit margins, which fell to 2.3% from 5.3% last year due to a large one-off loss of HK$223.5 million in 2024. Recent amendments to its Articles of Association aim to modernize operations and improve flexibility in corporate governance, while experienced management oversees strategic adjustments amid negative earnings growth over the past year. Click to explore a detailed breakdown of our findings in China Travel International Investment Hong Kong's financial health report. Assess China Travel International Investment Hong Kong's future earnings estimates with our detailed growth reports. Click through to start exploring the rest of the 1,150 Asian Penny Stocks now. Ready To Venture Into Other Investment Styles? We've found 20 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NZSE:SCL SEHK:1980 and SEHK:308. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
