ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 428.60 points or 1.56% to 27,927.47 Shanghai increased 17.74 points or 0.54% to 3,328.39 Hang Seng increased 138.08 points or 0.68% to 20,567.54 ASX 200 increased 28.20 points or 0.39% to 7,283.60 Kospi increased 4.22 points or 0.17% to 2,432.07 […]
ASIA: U.S. President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to travel to Europe, Asia, Africa and potentially Latin America in coming weeks to hear from donor countries and borrowers on challenges facing the global institution. Biden last week nominated Banga, to head the […]
ASIA: China is willing to “constructively” participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday. China, the world’s largest bilateral creditor, has criticized multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do […]
ASIA: India’s Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4 percent in October-December 2022-23 primarily due to a 1.1 percent contraction in manufacturing, along with weaker private consumption demand and government expenditure, according to data released by the National Statistical Office (NSO) on Tuesday. Slowing from 6.3 percent in July-September and […]
ASIA: JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, amid growing geopolitical tensions and dimming appetite for Chinese property bonds, Reuters reported. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 349.16 points or 1.29% to 27,453.48 Shanghai decreased 20.32 points or -0.62% to 3,267.16 Hang Seng decreased 341.31 points or -1.68% to 20,010.04 ASX 200 increased 21.60 points or 0.30% to 7,307.00 Kospi decreased 15.48 points or -0.63% to 2,423.61 […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 368.78 points or -1.34% to 27,104.32 Shanghai decreased 3.67 points or -0.11% to 3,287.48 Hang Seng decreased 72.49 points or -0.35% to 20,351.35 ASX 200 decreased 29.10 points or -0.40% to 7,285.40 Kospi increased 21.41 points or 0.80% to 2,439.09 […]
ASIA: South Korea’s producer price inflation slowed for a seventh straight month to its lowest in 22 months, central bank data showed on Thursday. The producer price index rose 5.1% in January from a year earlier, while it had climbed 5.8% in December, according to the Bank of Korea. It was the slowest annual […]
ASIA: BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight” on Tuesday, saying investors were realizing that the U.S. Federal Reserve may have to become more aggressive in its campaign to subdue inflation. BlackRock also said it was going “overweight” on Chinese and other […]
Due to the NYSE closing for Presidents’ Day, Market Talk will resume on Tuesday, Feb. 21. ASIA: Singapore’s economy grew slightly less than initially estimated in the fourth quarter from a year ago, official data showed on Monday, and the government kept its forecast for annual growth to come in at 0.5% – […]
