Asia-Pacific stocks mixed as investors react to China’s manufacturing activity data, U.S. presidential debate

Noble Horvath
  • China’s official manufacturing Purchasing Managers’ Index (PMI) for September came in at 51.5 on Wednesday as compared to 51.0 in August, according to the country’s National Bureau of Statistics.
  • Meanwhile, a private manufacturing survey also showed manufacturing activity expanding in September, with the Caixin/Markit PMI coming in at 53.0.
  • Shares of Japanese telecommunications firms were watched on Wednesday following a recent shakeup in the sector, with Nippon Telegraph and Telephone Corporation (NTT) set to take over its telecommunications unit, NTT Docomo.
  • The fiery first U.S. presidential debate between incumbent President Donald Trump and Democratic nominee Joe Biden could also have weighed on investor sentiment, with the two constantly exchanging sharp remarks in a face-to-face challenge.

SINGAPORE — Asia-Pacific markets were mixed on Wednesday as investors reacted to the release of China’s manufacturing activity data for September.

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Mainland Chinese markets were mixed on the day, with the Shanghai composite 

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Mongolia Accedes To The Asia-Pacific Trade Agreement As Its Seventh Member

Noble Horvath

Photo:
ESCAP/Caio Goncalves

After a long
journey of more than a decade, Mongolia has formally acceded
to the Asia-Pacific Trade Agreement (APTA) today. APTA
represents the first regional trade agreement of Mongolia
with developing countries.

Participation in APTA will
enable Mongolia to enjoy reduced tariff barriers as well as
enhance its market access to South, South-West and South
East Asia as well as to China, the country’s biggest
trading partner. It also provides Mongolia an opportunity to
upgrade its capacity in trade negotiation and development
and enhanced preparation for future negotiations with other
trading partners in regional trade agreements.

“This
is the first expansion of APTA since China’s accession in
2001. It is an important milestone in the progress of APTA
towards becoming a contemporary regional agreement. Simple
and smooth implementation of APTA trade preferences
demonstrates its members’ commitment towards

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Asia-Pacific Managed Security Services Markets, 2017-2023 with 2018 as the Base Year

Noble Horvath

The “Asia-Pacific Managed Security Services Market, Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The main pull factor toward the adoption of managed security services (MSS) in the Asia-Pacific (APAC) region is the growing threat landscape in cybersecurity. Over the years, it has become increasingly easy and profitable for threat actors to set up and initiate cyberattacks on businesses of all sizes. As per the research estimates, cyberattacks on large enterprises can cost up to a total economic loss of $30 million, including direct, indirect, and induced costs. This has compelled businesses to move cybersecurity higher up on their priority lists, thereby driving MSS adoption.

MSS growth is also driven largely by the lack of skilled cyber professionals in the APAC region. While many large enterprises have set up their own Security Operations Centers (SOCs), they do not have the manpower to staff these centers to their optimal

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Mongolia accedes to the Asia-Pacific Trade Agreement as its seventh member | India Education,Education News India,Education News

Noble Horvath

Bangkok : After a long journey of more than a decade, Mongolia has formally acceded to the Asia-Pacific Trade Agreement (APTA) today. APTA represents the first regional trade agreement of Mongolia with developing countries.

Participation in APTA will enable Mongolia to enjoy reduced tariff barriers as well as enhance its market access to South, South-West and South East Asia as well as to China, the country’s biggest trading partner. It also provides Mongolia an opportunity to upgrade its capacity in trade negotiation and development and enhanced preparation for future negotiations with other trading partners in regional trade agreements.

“This is the first expansion of APTA since China’s accession in 2001. It is an important milestone in the progress of APTA towards becoming a contemporary regional agreement. Simple and smooth implementation of APTA trade preferences demonstrates its members’ commitment towards utilizing trade for sustainable development. As the secretariat of APTA, ESCAP

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BioShin, Biohaven’s Asia-Pacific Subsidiary, Raises $60M in Series A Funding to Advance Neuroscience Pipeline in Asia-Pacific Region

Noble Horvath

– Initiating NURTEC ODT Phase 3 study for acute migraine in China and Korea, and China registrational study of troriluzole in Spinocerebellar Ataxia in 4Q20

– Named Donnie McGrath as BioShin President and Executive Chairman, and Karl Lintel as BioShin Chief Executive Officer; Appointed Vlad Coric and Donnie McGrath of Biohaven, and David Wang of OrbiMed to Board of Directors

NEW HAVEN, Conn. and SHANGHAI, Sept. 28, 2020 /PRNewswire/ — Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN, “Biohaven”) announced today that BioShin Limited (“BioShin”) its Asia-Pacific Subsidiary, has closed a $60M Series A investment round. The financing was led by OrbiMed, with participation from Cormorant Asset Management LLC, HBM Healthcare Investments Ltd, Surveyor Capital (a Citadel Company), and Suvretta Capital Management, LLC.

Donnie McGrath MD, President and Executive Chairman, BioShin, and Head of Corporate Strategy & Business Development, Biohaven Pharmaceuticals
Donnie McGrath MD, President and Executive Chairman, BioShin, and Head of Corporate Strategy & Business Development, Biohaven Pharmaceuticals

The Series A funds will be used to build

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Marriott: 50% of Asia-Pacific Meeting Planners Plan on Booking Physical Events

Noble Horvath

BETHESDA, MD—In a survey led by Marriott Bonvoy, Marriott International’s travel program, on the expectations of meetings & events in the Asia-Pacific region, half of those surveyed are planning to continue with offline events (50%). However, there is a high volume of concerns around government regulations (45%), and safety and hygiene standards of venue (30%), among many others.

The survey reached more than 500 respondents including event and meeting planners, administrative support staff and those in management roles across multiple industries in the Asia-Pacific Economic Cooperation.

“The current ‘new world’ we are experiencing through this pandemic has required us to have a different elevated experience for guests across different sectors and markets,” said Rajeev Menon, president, Asia-Pacific (excluding Greater China), Marriott International. “We are seeing leisure travel slowly returning, followed by business and then groups. And with our Commitment to Clean initiative, we are ready to welcome guests back to

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Worldwide Bicycle Industry to 2025 – Increasing Demand for Bicycles from Asia-Pacific – ResearchAndMarkets.com – Press Release

Noble Horvath

DUBLIN–(Business Wire)–The “Bicycle Market Growth, Trends and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

Global bicycle market is projected to grow at a CAGR of 7.78% during the forecast period.

Individuals all across the globe are increasingly becoming more aware of their fitness, which is eventually resulting in the growing demand for the bicycle as an alternative way of transport. Compared to conventional bicycles, currently, the overall demand for e-bicycles is evolving and is expected to become mainstream during the forecasted period.

The ability of e-bicycles to manage the overall speeds more adequately provides the rider with the comfortable drive on overpasses, mountain areas, and tough roads, thus paving the way to the sales of the e-bicycle market.

Companies Mentioned

  • Giant Manufacturing Co. Ltd.
  • Pon Holdings (Derby Cycle AG)
  • Trek Bicycle Corporation
  • Accell Group N.V.
  • Dorel Industries Inc.
  • Merida Industry Co., Ltd
  • Tandem Group
  • Atlas Cycle
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SMIC shares in Hong Kong fall following reports of U.S. sanctions; Asia-Pacific markets mixed

Noble Horvath
  • Hong Kong-listed shares of Chinese chipmaker SMIC fell in Monday trade following reports that the U.S. has imposed restrictions on exports to the firm due to risks of military use.
  • China’s industrial profits rose 19.1% in August, the country’s National Bureau of Statistics announced over the weekend.

SINGAPORE — Hong Kong-listed shares of Chinese chipmaker SMIC fell in Monday trade following reports that the U.S. has imposed restrictions on exports to the firm due to risks of military use.

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Shares of SMIC listed in the city dropped 5.81% by Monday afternoon.

Meanwhile, shares of China Evergrande Group in Hong Kong soared nearly 12%. That came after the firm announced Friday that its “operations remain stable and healthy while financial conditions remain sound.”

Evergrande shares in Hong Kong had seen a Friday plunge on the back of reports on a leaked document that showed the Chinese property developer was

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Navigating the Asia-Pacific Threat Landscape: …

Noble Horvath
At next week’s virtual Black Hat Asia, threat intelligence pros will discuss the threats local organizations should prioritize and how they can prepare.

Cyberattacks keeping CISOs up at night vary by geography, as do strategies for protecting the business from compromise. In the Asia-Pacific region, for example, threat intelligence experts say evolutions in ransomware, long dwell time, and local nation-state actors are top of mind. 

“I’ve seen a huge uptick in terms of the evolution of the ransomware threat space,” says Steve D’sa, director of consulting for Mandiant, in a discussion of online attacks targeting Asia-Pacific organizations.

While attackers historically have targeted businesses purely for financial gain, he says they’re now paying closer attention to which parts of the businesses they can access and the type of data they can steal. If a victim refuses to pay up, they can threaten to publish the information. The result is an evolution

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Frost & Sullivan Names Vonage Asia-Pacific Communications Platform as a Service (CPaaS) Provider of the Year for Second Consecutive Year

Noble Horvath

The MarketWatch News Department was not involved in the creation of this content.

For the second year in a row, Frost & Sullivan has named Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, as the Asia-Pacific Communications Platform as a Service (CPaaS) Provider of the Year.

Vonage was recognized for the Vonage Communications Platform, which allows for the integration of fully programmable APIs into existing products, workflows and systems and from which the Company’s unified communications and contact center solutions are built. The Vonage Platform provides businesses worldwide with the power and flexibility to integrate multiple communications channels — video, voice, chat, messaging, email and verification — into their applications, products, and workflows to create new paradigms in their industries.

Vonage was selected as Provider of the Year using Frost & Sullivan’s proprietary, measurement-based methodology derived from extensive primary and secondary research including

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