ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 27.18 points or 0.82% to 3,350.46 Hang Seng increased 249.57 points or 1.27% to 19,948.73 ASX 200 decreased 4.30 points or -0.06% to 7,193.10 Kospi decreased 0.46 points or -0.02% to 2,500.94 SENSEX increased 555.95 points or 0.91% […]
ASIA: Core consumer inflation in the Japanese capital beat expectations in April and an index cutting fuel costs rose at its fastest pace in four decades, underscoring the challenge the central bank’s new chief faces in keeping interest rates ultra-low. The core consumer price index (CPI), which excludes volatile fresh food but includes fuel […]
ASIA: China Gold Association said that China’s gold production recovered to pre-pandemic level as demand for gold and jewelry jumped during the first quarter of this year. As COVID-19 impacts waned, the gold output of domestic mines operated by big gold enterprises reached around 32.72 tonnes in Q1, accounting for nearly half of the country’s […]
ASIA: Investors are bracing for a regime change in global markets as the Bank of Japan moves closer to abandoning policies that have depressed the yen for decades, luring Japanese money back home. The yen has gained more than 11% from 30-year lows against the dollar last October and about 9% from eight-year lows […]
ASIA: India’s economy remained strong in March despite a decline in exports and a rise in unemployment, which could affect the country’s outlook. The Reserve Bank of India has paused rates for the first time since May to assess the impact of previous rate increases and support growth. Manufacturing activity improved as raw material […]
ASIA: China’s economy grew by 4.5% YoY in the first quarter, supported by strong consumer spending and a large trade surplus. This may lead to an upgrade in growth forecast for 2023 from the current 5.7%. Consumption was the main contributor to the GDP growth, with retail sales growing at the fastest rate […]
ASIA: Coca Cola’s President and CFO, John Murphy, expressed confidence in India’s economy, stating that it remains resilient with a strong job market and robust consumption. The company has increased its availability in over 300,000 stores in India, driving 3 billion transactions in the first quarter at affordable price points. Coca-Cola is focused on […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 93.20 points or -0.33% to 28,564.37 Shanghai decreased 65.77 points or -1.95% to 3,301.26 Hang Seng decreased 321.24 points or -1.57% to 20,075.73 ASX 200 decreased 31.80 points or -0.43% to 7,330.40 Kospi decreased 18.71 points or -0.73% to 2,544.40 […]
ASIA: Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. On a seasonally adjusted month-on-month basis, NODX increased 18.4%, Enterprise Singapore data showed, versus the prior month’s 8.2% decline. Economists had forecast 1.7% growth. The trade […]
ASIA: The Bank of Japan’s Assistant Governor, Tokiko Shimizu, expressed concern about Japan’s economy due to global economic slowdown and financial market stress. She warned that the rapid interest rate hikes by the U.S. and European central banks could eventually harm global growth. While some Japanese firms are raising prices and wages, Shimizu believes […]
