ASIA: In August, inflation in India is expected to have eased from a 15-month high in July, mainly due to a decrease in vegetable prices. However, it is projected to remain above the upper limit of the Reserve Bank of India’s target range of 2%-6% for the second consecutive month. This easing is attributed to […]
ASIA: China’s top economic planner is establishing a new department called the private economy development bureau, aimed at supporting private businesses and boosting economic growth. This bureau will monitor and analyze the private sector, as well as formulate policies to promote its expansion. This move is part of China’s recent efforts to restore confidence […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 97.58 points or 0.30% to 33,036.76 Shanghai decreased 22.69 points or -0.71% to 3,154.37 Hang Seng decreased 387.25 points or -2.06% to 18,456.91 ASX 200 decreased 4.50 points or -0.06% to 7,314.30 Kospi decreased 2.37 points or -0.09% to 2,582.18 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 91.28 points or 0.28% to 32,710.62 Shanghai increased 13.37 points or 0.43% to 3,133.25 Hang Seng closed ASX 200 decreased 27.00 points or -0.37% to 7,278.30 Kospi increased 7.44 points or 0.29% to 2,563.71 SENSEX increased 555.75 points or […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 285.88 points or 0.88% to 32,619.34 Shanghai decreased 17.26 points or -0.55% to 3,119.88 Hang Seng decreased 100.80 points or -0.55% to 18,382.06 ASX 200 increased 7.60 points or 0.10% to 7,305.30 Kospi decreased 4.95 points or -0.19% to 2,556.27 […]
ASIA: Chinese state-owned banks are planning to lower interest rates on existing mortgages, marking the first such move since the global financial crisis. The goal is to support the struggling property sector and boost the economy, which has been facing challenges due to the debt crisis in the property market. The rate reduction will […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 545.71 points or 1.73% to 32,169.99 Shanghai increased 34.56 points or 1.13% to 3,098.64 Hang Seng increased 174.36 points or 0.97% to 18,130.74 ASX 200 increased 44.60 points or 0.63% to 7,159.80 Kospi increased 24.27 points or 0.96% to 2,543.41 […]
ASIA: Japan’s economy grew at a surprisingly fast pace in the second quarter of the year, driven by strong auto exports and an increase in tourist arrivals. This growth of 6.0% on an annualized basis and 1.5% quarterly exceeded expectations, with GDP reaching a new high. This growth rate was the fastest since the […]
ASIA: Asia’s economic growth is predicted to surpass that of the US and Europe this year, driven by strong domestic demand. Morgan Stanley emphasizes that Asia, including countries like Japan, is expected to outperform due to factors like China’s rebound post-reopening and supportive fiscal and monetary policies. Notably, China, India, Indonesia, and Japan are […]
ASIA: Reserve Bank of India (RBI) Governor Shaktikanta Das mentioned that vegetable prices in India are starting to decrease and are expected to continue declining from September onward. High vegetable and cereal prices led to a retail inflation surge of 7.44% in July, the highest in 15 months. Despite potential geopolitical tensions affecting food […]
