ASIA: Prices are declining again in China, raising concerns about the possibility of deflation as households and businesses remain cautious about spending. State-controlled banks are injecting money into the construction of more factories, but the drop in prices may lead to a situation where companies and workers receive less money for their goods or […]
Asia – Chinese inflation figures for October published on Thursday showed a 0.1% decline compared to September and a 0.2% fall from one year, according to official statistics. China’s troubled property sector will be closely watched on Thursday after most major stocks rallied one day earlier following a Reuters report that Ping An Insurance Group […]
ASIA: The major Asian stock markets had green day today: NIKKEI 225 closed Shanghai increased 21.39 points or 0.71% to 3,030.80 Hang Seng increased 433.53 points or 2.52% to 17,664.12 ASX 200 increased 78.50 points or 1.14% to 6,978.20 Kospi increased 25.22 points or 1.08% to 2,368.34 SENSEX increased 282.88 points or 0.44% to […]
ASIA: The Bank of Japan has removed its 10-year bond yield ceiling of 1%, challenging the long-standing belief in a central bank ‘put.’ This belief, dating back to the days of Alan Greenspan, suggested that central banks like the Federal Reserve would always step in to support falling asset markets with monetary […]
ASIA: China’s economy faces instability post-lockdown, with slowed trade and a substantial $9 trillion debt burden. Additionally, there’s a concerning issue with employing young college graduates, as the youth unemployment rate for ages 16 to 24 reached a record 21% in May 2023, compared to the US rate of 7.4% in the same […]
ASIA: The major Asian stock markets had mixed day today: NIKKEI 225 decreased 294.73 points or -0.95% to 30,696.96 Shanghai increased 3.77 points or 0.12% to 3,021.55 Hang Seng increased 7.63 points or 0.04% to 17,406.36 ASX 200 decreased 54.00 points or -0.79% to 6,772.90 Kospi increased 7.74 points or 0.34% to 2,310.55 […]
ASIA: Japan is expected to slip from the third to the fourth position in the world in terms of nominal gross domestic product (GDP) in US dollars, with Germany surpassing it this year, according to projections by the International Monetary Fund. This change is primarily attributed to the depreciation of the yen, which has […]
ASIA: China kept its benchmark lending rates unchanged in line with market expectations during the monthly fixing. The one-year loan prime rate (LPR) remained at 3.45%, and the five-year LPR was steady at 4.20%. This decision was influenced by economic data indicating a stabilizing economy and a weaker yuan, limiting the need for further […]
ASIA: China plans to implement a new round of fiscal stimulus to support its economic recovery, utilizing a well-established strategy that relies heavily on debt and state spending. This approach lacks the more profound reforms suggested by a growing number of analysts. Some government advisers propose raising the 2024 budget deficit target beyond the […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 62.80 points or 0.20% to 31,062.35 Shanghai increased 22.95 points or 0.78% to 2,962.24 Hang Seng decreased 180.60 points or -1.05% to 16,991.53 ASX 200 increased 12.80 points or 0.19% to 6,856.90 Kospi increased 26.49 points or 1.12% to 2,383.51 […]
