ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 186.23 points or 0.56% to 33,575.14 Shanghai decreased 42.46 points or -1.31% to 3,197.90 Hang Seng decreased 388.73 points or 1.98% to 19,218.35 ASX 200 decreased 42.90 points or -0.58% to 7,314.90 Kospi decreased 22.28 points or -0.86% to 2,582.63 […]
ASIA: The People’s Bank of China has taken steps to stimulate economic growth by cutting two key lending rates for the first time in 10 months. The one-year loan prime rate was reduced by 10 basis points from 3.65% to 3.55%, and the five-year loan prime rate was lowered from 4.3% to 4.2%. These […]
ASIA: China’s inflation remained close to zero in May, sparking concerns on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook. The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said last Friday, in line with […]
ASIA: India’s wholesale price-based inflation fell by 3.48 per cent in May on an annual basis as against a contraction of 0.92 per cent in April, the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry stated on Wednesday. The inflation rate for the food index witnessed a contraction of 1.59 […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 584.65 points or 1.80% to 33,018.65 Shanghai increased 4.84 points or 0.15% to 3,233.67 Hang Seng increased 117.11 points or 0.60% to 19,521.42 ASX 200 increased 16.40 points or 0.23% to 7,138.90 Kospi increased 8.60 points or 0.33% to 2,637.95 […]
ASIA: The 10th Arab-China Business Conference commenced with the signing of 30 investment agreements totaling $10 billion in various sectors. These agreements cover areas such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare. The Saudi government signed deals with multiple Chinese entities, encompassing projects like automotive research and development, tourism […]
ASIA: Inflation in China stayed at low levels in May, as the economy struggles to recover even after its strict Covid lockdown measures lifted late last year. Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices saw a year-on-year drop of 7.2% in May 2016. […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 272.47 points or -0.85% to 31,641.27 Shanghai increased 15.83 points or 0.49% to 3,213.59 Hang Seng increased 47.18 points or 0.25% to 19,299.18 ASX 200 decreased 18.30 points or -0.26% to 7,099.70 Kospi decreased 4.75 points or -0.18% to 2,610.85 […]
ASIA: Singapore’s retail sales exceeded expectations, increasing by 3.6% year-on-year (YoY) and surpassing the projected contraction of 1.9% YoY. On a monthly basis, retail sales rose by 4.2%, with a similar increase seen when excluding motor vehicle sales. Despite elevated inflation, retail sales have remained strong, potentially due to the return of visitors to Singapore. […]
ASIA: According to the World Bank, India’s economic growth is expected to slow down further to 6.3% in the financial year FY 2023/24. This is a downward revision of 0.3 percentage points from the previous estimate of 6.6%. The main reason for the slowdown is attributed to constrained private consumption caused by high inflation. […]
