ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 5.81 points or 0.01% to 39,239.52 Shanghai increased 38.46 points or 1.29% to 3,015.48 Hang Seng increased 156.06 points or 0.94% to 16,790.80 ASX 200 increased 10.20 points or 0.13% to 7,663.00 Kospi decreased 22.03 points or -0.83% to […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 836.52 points or 2.19% to 39,098.68 Shanghai increased 16.52 points or 0.55% to 3,004.88 Hang Seng decreased 17.09 points or -0.10% to 16,725.86 ASX 200 increased 32.40 points or 0.43% to 7,643.60 Kospi increased 3.43 points or 0.13% to 2,667.70 […]
Global Currencies • EURUSD advanced 0.0012 points or 0.11% to 1.0825 • GBPUSD advanced 0.0034 points or 0.27% to 1.2661 • USDCHF decreased -0.0007 points or -0.08% to 0.8811 • AUDUSD decreased -0.0001 points or -0.02% to 0.6552 • NZDUSD advanced 0.0017 points or 0.28% to 0.6198 • USDJPY advanced 0.21 points or 0.14% […]
ASIA: Japan’s economy has unexpectedly contracted, leading to a recession and causing it to drop from the world’s third-largest economy to the fourth, behind Germany. The Gross Domestic Product (GDP) shrank by an annualized 0.4% in the last quarter of 2023, following a 3.3% contraction in the previous quarter, which defines a recession. This […]
ASIA: China’s central bank, the People’s Bank of China, has reduced the five-year loan prime rate, a mortgage benchmark, by 25 basis points to 3.95% from 4.2%. This significant cut, the largest ever, aims to boost the struggling housing market. The move, which exceeded market expectations, follows the release of 1 trillion yuan ($139 billion) […]
ASIA: China is working to bridge the gap between scientific breakthroughs and market adoption by implementing plans to convert patent applications. The goal is to counter technological restrictions imposed by Washington while promoting sustainable economic growth. The state-run Economic Daily emphasized the need for Chinese universities and research institutions to expedite the issuance of […]
ASIA: S&P Global Ratings predicts that funding conditions in India will likely restrict loan growth for many banks, leading to a potential 200 basis points decrease in credit expansion in the next fiscal year. The rating agency anticipates a moderation in system-level credit growth to 14% in FY25, starting April 1, down from about […]
ASIA: A significant Chinese bank, Chouzhou Commercial Bank, has stopped conducting operations with Russian and Belarusian companies. Other Chinese and Hong Kong banks are reportedly imposing stricter regulations on transactions with Russia to align with Western sanctions. The Kremlin has acknowledged the strained relations between Russian companies and Chinese banks, and Russian government […]
ASIA: India’s industrial output, grew at a faster-than-expected rate of 3.8% year-on-year in December, exceeding economists’ predictions of 2.4%. This growth was primarily driven by a boost in manufacturing activity, with manufacturing output increasing by 3.9% compared to the previous year. However, electricity generation and mining activities showed slower growth rates in December compared to […]
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 closed Shanghai closed Hang Seng closed ASX 200 decreased 29.90 points or -0.39% to 7,614.90 Kospi closed SENSEX decreased 523.00 points or -0.73% to 71,072.49 Nifty50 decreased 166.45 points or -0.76% to 21,616.05 The major Asian currency markets had a […]
