ASIA: Goldman Sachs has stated that Western countries may need over $25 billion in investments to match China’s supply of rare earths. The concern arises from Beijing’s export restrictions on minor metals, leading to fears that rare earths could be the next target. Currently, China accounts for 90% of global refined output of rare […]
ASIA: A working group of the Reserve Bank of India has stated that the increased use of the Indian rupee in international trade and capital account transactions will lead to the currency gaining international acceptance. The group suggests promoting the rupee for import and export without any limits, allowing non-residents to open rupee accounts […]
ASIA: A private sector survey in China revealed that factory activity growth slowed in June due to concerns about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) dropped from 50.9 in May to 50.5 in June, indicating a marginal expansion. The index mark of 50 separates growth from contraction. The survey […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 45.10 points or -0.14% to 33,189.04 Shanghai increased 19.68 points or 0.62% to 3,202.06 Hang Seng decreased 17.93 points or -0.09% to 18,916.43 ASX 200 increased 8.40 points or 0.12% to 7,203.30 Kospi increased 14.26 points or 0.56% to 2,564.28 […]
ASIA: A recent report revealed that internet shutdowns in Manipur and Punjab, India, had a significant economic impact. The shutdowns cost the Indian economy an estimated $1.9 billion, led to a loss of $118 million in foreign investment, and resulted in approximately 21,268 job losses. This highlights India’s high risk of internet shutdowns, which […]
ASIA: In the first five months of the year, China’s industrial firms experienced a significant decline in annual profits, with a 18.8% year-on-year slump. This decline follows a contraction of 20.6% in profits from January to April. The weakening demand and squeezed margins indicate that the country’s post-COVID economic recovery is faltering. Various indicators, […]
ASIA: In May, Asian bonds experienced a significant increase in foreign investments, with the highest monthly inflows in nearly two years. This surge was driven by expectations of a more moderate approach to monetary tightening by the U.S. Federal Reserve. Data from regulatory authorities and bond market associations revealed that foreign investors bought a net […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 82.73 points or -0.25% to 32,698.81 Shanghai decreased 47.28 points or -1.48% to 3,150.62 Hang Seng decreased 95.84 points or -0.51% to 18,794.13 ASX 200 decreased 20.50 points or -0.29% to 7,078.70 Kospi increased 12.10 points or 0.47% to 2,582.20 […]
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 483.34 points or -1.45% to 32,781.54 Shanghai decreased 42.46 points or -1.31% to 3,197.90 Hang Seng decreased 328.38 points or -1.71% to 18,889.97 ASX 200 decreased 96.30 points or -1.34% to 7,099.20 Kospi decreased 23.60 points or -0.91% to 2,570.10 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 310.26 points or -0.92% to 33,264.88 Shanghai closed Hang Seng closed ASX 200 decreased 119.40 points or -1.63% to 7,195.50 Kospi increased 11.07 points or 0.43% to 2,593.70 SENSEX decreased 284.26 points or -0.45% to 63,238.89 Nifty50 decreased 85.60 points […]
