ASIA: According to Macquarie’s Chief China Economist Larry Hu, China’s economic recovery from the pandemic is expected to expand, indicating that the country is not currently facing the same stagnation issues as Japan. However, recent economic data has disappointed investors who were hoping for a strong rebound in the world’s second-largest economy after the lifting […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 376.21 points or 1.21% to 31,524.22 Shanghai increased 25.43 points or 0.79% to 3,230.07 Hang Seng increased 733.03 points or 4.02% to 18,949.94 ASX 200 increased 34.30 points or 0.48% to 7,145.10 Kospi increased 32.19 points or 1.25% to 2,601.36 […]
ASIA: China’s factory activity contracted at a faster rate than expected in May, signaling weakening demand and adding pressure on policymakers to support the country’s uneven economic recovery. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, below the 50-point threshold that indicates expansion, and lower than the forecasted […]
ASIA: India’s economic growth in the March quarter reached 6.1%, according to government data. This growth was driven by increased government and private capital spending, although private consumption remained sluggish. India continues to be one of the fastest growing emerging economies, particularly as China’s recovery falters. Despite the risks posed by a global slowdown, the […]
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in April compared to the previous year, the lowest rate of inflation since February 2021. The producer price index, which measures factory-gate prices, experienced a significant […]
ASIA: Core consumer inflation in Tokyo, Japan’s capital, slowed down in May. However, an important inflation index that excludes the impact of fuel reached a four-decade high, indicating increasing price pressure. This could potentially maintain expectations of a withdrawal from the current loose monetary policy. The Tokyo core consumer price index, which excludes volatile […]
ASIA: In April, Japan’s core consumer inflation remained well above the central bank’s 2% target, with a key index reaching a four-decade high after excluding fuel effects. This has led to expectations of adjustments to the country’s massive stimulus plan later this year. Recent data revealed that Japan’s economy, the world’s third […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]
ASIA: China’s benchmark lending rates have remained unchanged for the ninth consecutive month in May, aligning with market expectations. The decision was influenced by factors such as a weakening yuan and widening yield differentials with the United States, which limited the potential for significant monetary easing. Although recent data indicated a slowdown in the […]
