ASIA: China has announced a plan to boost its struggling economy by reducing the reserve ratio requirements for banks by 50 basis points, effective from February 5. This move, the first reduction in reserve requirements for the year, is expected to release 1 trillion yuan ($139.8 billion) in long-term capital. The decision was announced by […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 291.09 points or -0.80% to 36,226.48 Shanghai increased 49.80 points or 1.80% to 2,820.77 Hang Seng increased 545.89 points or 3.56% to 15,899.87 ASX 200 increased 4.30 points or 0.06% to 7,519.20 Kospi decreased 8.92 points or -0.36% to 2,469.69 […]
ASIA: Chinese authorities are reportedly considering measures to stabilize the declining stock market, aiming to mobilize around 2 trillion yuan ($278.53 billion) from offshore accounts of state-owned enterprises. The funds would be used to create a stabilization fund, allowing the purchase of shares onshore through the Hong Kong exchange link. While Chinese stocks initially rose […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 583.68 points or 1.62% to 36,546.95 Shanghai decreased 75.94 points or -2.68% to 2,756.34 Hang Seng decreased 347.51 points or -2.27% to 14,961.18 ASX 200 increased 55.40 points or 0.75% to 7,476.60 Kospi decreased 8.39 points or -0.34% to 2,464.35 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 497.10 points or 1.40% to 35,963.27 Shanghai decreased 13.50 points or -0.47% to 2,832.28 Hang Seng decreased 83.10 points or -0.54% to 15,308.69 ASX 200 increased 74.70 points or 1.02% to 7,421.20 Kospi increased 32.70 points or 1.34% to 2,472.74 […]
ASIA: The Bank of Japan is expected to maintain its ultra-loose monetary policy in the upcoming week. Governor Kazuo Ueda’s statements will be closely watched for hints on when the central bank plans to raise short-term interest rates from negative territory. Policymakers are inclined to wait a few more months to assess the broadening of […]
ASIA: In 2023, the Moscow Exchange reported that trading volume in Chinese yuan surpassed that of the U.S. dollar, marking a significant shift in currency dominance. This development is part of Moscow’s de-dollarization strategy in response to Western sanctions on its financial system. The increasing partnership between Moscow and Beijing, characterized as “no limits,” […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 527.25 points or 1.50% to 35,577.11 Shanghai decreased 4.67 points or -0.16% to 2,881.98 Hang Seng decreased 57.46 points or -0.35% to 16,244.58 ASX 200 decreased 7.70 points or -0.10% to 7,498.30 Kospi decreased 15.22 points or -0.60% to 2,525.05 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 608.14 points or 1.77% to 35,049.86 Shanghai increased 8.95 points or 0.31% to 2,886.65 Hang Seng increased 204.76 points or 1.27% to 16,302.04 ASX 200 increased 37.50 points or 0.50% to 7,506.00 Kospi decreased 1.71 points or -0.07% to […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 678.54 points or 2.01% to 34,441.72 Shanghai decreased 15.55 points or -0.54% to 2,877.70 Hang Seng decreased 92.74 points or -0.57% to 16,097.28 ASX 200 decreased 52.00 points or -0.69% to 7,468.50 Kospi decreased 19.26 points or -0.75% to 2,541.98 […]
