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 […]
ASIA: The major Asian stock markets had negative day today: NIKKEI 225 decreased 259.81 points or -0.83% to 30,999.55 Shanghai decreased 43.77 points or -1.47% to 2,939.29 Hang Seng closed ASX 200 decreased 56.60 points or -0.82% to 6,844.10 Kospi decreased 17.98 points or -0.76% to 2,357.02 SENSEX decreased 825.74 points or -1.26% to […]
ASIA: The major Asian stock markets had negative day today: NIKKEI 225 decreased 611.63 points or -1.91% to 31,430.62 Shanghai decreased 53.32 points or -1.74% to 3,005.39 Hang Seng decreased 436.63 points or -2.46% to 17,295.89 ASX 200 decreased 96.00 points or -1.36% to 6,981.60 Kospi decreased 46.80 points or -1.90% to 2,415.80 SENSEX […]
ASIA: Japan’s Prime Minister Fumio Kishida announced plans for a new economic stimulus package to address the challenges of rising prices and stagnant wages. The package will focus on protecting people from inflation, promoting sustainable wage growth, domestic investment, addressing population decline, and encouraging infrastructure investment. Kishida intends to shift Japan’s economic focus […]
ASIA: In September, China’s consumer prices remained unchanged, despite signs of an economic recovery. This stagnation indicates ongoing deflationary pressures and weak domestic demand. The Consumer Price Index (CPI) didn’t increase from the previous year, in contrast to a 0.1% rise in August. This was lower than the 0.2% increase estimated by economists. In […]
